Julia
In Memoriam
- Joined
- 10 May 2005
- Posts
- 16,986
- Reactions
- 1,973
Of course they are. However, it also goes to credibility.It is illegal...
Of course there is a huge grey area. Which would make it very difficult to prosecute. I think on the scale of things, Nigerian scams and real estate agents with optimistic price hopes are worlds apart.
Haha what lack of building ? That was one on the biggest scams the industry ever pulled -
Do you post on Somersoft or Property Investing.com forums at all SCM?
Nothing a few more million migrants and a lack of building won't fix.
Is that why I'm renting dog boxes out for top dollar because there are no other places around.
You are the Uber slumlord though - Mr Big of the Dog Box industry -
I try
I like that blue line - very funky !
Huh? I think you have things backwards - emotional investors are the ones who leveraged to buy houses, not people who analyse the property market.
As for the quantity, it only needs to be as big as a significant proportion to the stock on market. Most houses and units do not get sold in a given year and have no impact on market pricing - only the ones that are sold (especially force sold) matter.
These are basic characteristics of the housing market...
Such hypocrisy.
Maybe because he's never owned any? Just a thought.Why are you so emotionally invested in property anyway?
What suburb are your dog boxes in ?
Traditional sense? The government spent taxpayer money which ended up in the banks' coffers. Whether it's traditional or not is irrelevant.
sydneyish
The pressure came off the Sydney rental market over the March quarter, according to the latest figures from Australian Property Monitors.
Median weekly asking rentals for houses recorded no growth in the city, with apartment rentals actually falling by 2.2 per cent.
Sydney, which has proven resilient to the market downturn, also posted a decline. In May, the city’s home values were down 1.2 per cent, resulting in a 3.6 per cent drop over the year
Read more: http://www.news.com.au/money/proper...ow/story-e6frfmd0-1226379751250#ixzz1x6xqZEtC
Here's an example I had myself recently. I'd bought the block of land and given go ahead for final plans on house for a new house. The decision was made on a comparison of cost estimate and standard inclusions on similar plan given to seven builders. The builder chosen included several items in his Standard Inclusions that the others didn't. The specifications and contract were supposed to be made available at least a week before the 30 April, that being when the $10,000 Qld Building Boost ended. They didn't arrive until late on the day before and included more than fifty pages. Accompanying email said ' All as discussed. Please initial each page of the specifications and sign final page'. There was a temptation to assume all was OK and just sign.
I didn't, and ploughed through it all, to find that many of the items included in the original Standard Inclusions had been left out of the final specifications, with no downward adjustment of price.
So was this an illegal act by the builder? Could he have been considered guilty of fraud?
Why are you so emotionally invested in property anyway?
Well if that is your definition of a bailout then the government has bailed out every taxpayer in Australia every year since the foundation of the state.
I suppose it also bailouts students who apply for a HECS
or pensioners or collect their old age pension, bails out the mining industry and so on...
Down the rabbit hole we go! Dont go all crazy SCM on me again, you will make a fool of yourself.
HOUSE prices have slid to a six-year low in capital cities despite RBA efforts to lift the housing market out of the doldrums with rate cuts.
Read more: http://www.news.com.au/money/proper...ow/story-e6frfmd0-1226379751250#ixzz1x71aacl1
Not to mension this is an even smaller percentage of the overall property market... just what percentage of houses have a morgage attached and what percentage of this is above 80%lvr , you guys are really grabbing at straws but with such a huge emotional investment attachment to your position (actually thats all you have invested in your positione) who can blame you!
You bears really need to lower your emotional lvr, get a decent nights sleep, and stop it from it from clouding your judgement.
I'm not invested in property. Never have been, never will be.
Yeh, and I'm against it.
I fail to see how, HECS debt has to be paid back with interest.
Absolutely - should cut those leeches off.
There's nothing crazy here - the FHOB was designed as a bailout of the Australian banking sector. I challenge you to explain it otherwise.
Focusing on the housing market, annual credit growth hit a fresh all time (35-year) low of 5.30%
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