IFocus
You are arguing with a Galah
- Joined
- 8 September 2006
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Bot so glad you are still around have seriously enjoyed your presence here for a long while long may it continue
Cheers IF
hello,
rubbish, the mining boom and these companies/infrastructure are infact costing people in the states of SA, VIC, NSW and Tasmania
the only benefit most get is via there super and with diversification the benefit is very very low
get on board the truth brother, yeah i own property in Qld and NSW
thankyou
professor robots
I hope house prices plummet, I shall be the first at the auctions.
Unless China/US collapses and there is some significant financial shock then i don't see a collapse rather a long slow slide in house values.
But is it out of the question to suggest a possible collapse in the US again? i suspect the answer looking at economic data is that its not out of the question right now.
Talk about the RBA re-inflating the bubble is imo out of the question as if the RBA lowered rates with inflation soaring people may be paying less for their mortgage but we would all be paying allot more for food/petrol ect and our dollar would weaken.
Not to mention the massive budget gap in Victoria and huge budget deficit for the country, new housing grants? yea right.
I think the RBA wouldn't be entirely unhappy with housing prices falling "the fall we had to have". You won't have to worry about the RBA trying to reinflate the bubble. The Government will be the one to watch but I suspect the RBA may be willing to counter attempts to reinflate the bubble with rate rises.
Great point. Time for some Glenn Stevens Quotes:
“These (house) prices are getting quite high,” Mr Stevens said. “I’ve got kids that within not too many years are going to want somewhere of their own to live and you wonder how is that going to be afforded.”
THE community would be legitimately concerned that Reserve Bank governor Glenn Stevens is paid more than $1 million, Treasurer Wayne Swan says.
Mr Swan said he would like to see such salary arrangements more in line with community expectations and the Government was considering the matter.
Bwahahahahahah a ahaaaaaaaaaaa ........ Glenn Stevens is on over 1 million per annum.
THE community would be legitimately concerned that Reserve Bank governor Glenn Stevens is paid more than $1 million, Treasurer Wayne Swan says.
His children aren't though are they.
At a substantial price reduction, perhaps of the magnitude of the US housing price fall. Basically, it has to look attractive versus renting.I fail to understand this comment. At what price reduction would you start buying and do you wish to buy an IP or PPOR?
I believe we are in a credit induced bubble that is counter productive for our economy in the long run as it diverts funds aways from other productive ventures and other non productive activities
Nope ....... but if you were a bank manager would you be knocking back their loan?
It's not what you know but WHO you know in this world.
I dare say Glenn Stevens would also be fairly well connected ensuring his kids get a magic carpet ride.
And I am pretty sure if he is showing signs of concern for his kids there is nothing stopping him from going the "Guarantor" element on their loan either.
Probably true, but doesn't negate the truth of his comments.
SNIP
Mr English said housing affordability was selected as an initial area of focus because New Zealand was "paying the price now for a housing boom that got out of control".
"We need to learn some lessons from that and to take the opportunity to lock in more affordable housing."
It was critical to efficient allocation of capital in the economy, he said.
"If we want to have more investment into the export part of the economy we need the right kind of rules that don't drag that capital back into housing."
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