Who actually predicted this Property boom?

[medicowallet]

the housing shortage...is the most obvious alternative , to generate jobs in the building industry

Yes, this is excellent to rebalance the current shortages.

However, blindly giving money to people to bid up prices further hardly achieves an equitable position. It does not train more tradesmen, nor incentivise employers to take on more apprentices. All it does is line the pockets of developers and subcontractors who know that there will never be a rainy day as long as the government's best interests lie in keeping property propped up.


There is no price competition in housing any more, nor in real estate. This has to stop, and there is a lot of fat to bring prices of houses down, both in land costs and in building.

$20000 + $20000 from the fed govt.

$40000 geared can easily artificially inflate prices and hence profits by $120000 to $160000. It is poor policy designed around poor assumptions.

There would be plenty of work for builders if there wasn't a FHBG, they would just earn less. They would earn what the market forces determine, which is fair and equitable.

 

[robots]

hello,

yes and cars, produce, clothing would be cheaper if the government didnt subsidize farmers, car manufacturers, textile industry

the commodore would be 10k and the falcon 10k,, and they would still have plenty to build

whats it to you what a builder or developer or tradie earns, and to me what a school teacher, cleaner or child care worker earns

tall poppy is what it is all about, many cant handle the fact people have $ and they are jealous

thankyou
robots

 

[Dowdy]

hello,

yes and cars, produce, clothing would be cheaper if the government didnt subsidize farmers, car manufacturers, textile industry

Actually farmers, car manufacturers, textile industry are subsidised by the government because it is cheaper.

All those industries are now all overseas and I've got nothing wrong with that. It gives us cheaper goods through competition. If government would let those industry fail, as it should in a free market, then all that surplus labour force will be forced into new industry. And maybe one of that industry will be home construction....

 

[robots]

hello,

what ford and holden not making cars in Australia? no farmers left?

all overseas? just flicking through the car pages holden 38k, ford 38k

tall poppy

thankyou
robots

 

[Dowdy]

hello,

what ford and holden not making cars in Australia? no farmers left?

all overseas? just flicking through the car pages holden 38k, ford 38k

tall poppy

thankyou
robots

what do you mean 'tall poppy'.

i don't care if they got money. If you earn it, you deserve it.

I was just giving you a lesson in economics on how a free market economy should work, but i probably gave you too much credit that you could take in that minuscule amount of information

 

[medicowallet]

hello,

yes and cars, produce, clothing would be cheaper if the government didnt subsidize farmers, car manufacturers, textile industry



tall poppy is what it is all about, many cant handle the fact people have $ and they are jealous

thankyou
robots

How many houses do we import or export?

If we make cars here, it means that we import less etc.

The other thing is, yes there would be jobs on the line without those subsidies. There would be no construction jobs on the line with the loss of the FHBG.


Tall poppy? No thankyou. I just think that supply and demand should determine what someone charges, and not geared government handouts.

 

[robots]

How many houses do we import or export?

If we make cars here, it means that we import less etc.

The other thing is, yes there would be jobs on the line without those subsidies. There would be no construction jobs on the line with the loss of the FHBG.


Tall poppy? No thankyou. I just think that supply and demand should determine what someone charges, and not geared government handouts.

hello,

oh well please start a thread about the car industry, manufacturing, textile industry, farmers

no dont see that one on the forum

and thats the issue, its all about the rich vs. poor, haves vs. have nots

kick off a thread about the above and see how the count goes,

thankyou
robots

 

[Uncle Festivus]

Robots predicted this property boom - thread closed

 

[So_Cynical]

hello,

yes and cars, produce, clothing would be cheaper if the government didnt subsidize farmers, car manufacturers, textile industry

thankyou
robots

Aussie farmers are subsidized ? robots care to link to something to back up this claim.

 

[nunthewiser]

Robots predicted this property boom - thread closed

thankyou

 

[robots]

hello,

no, no link So Cynical

no one else produces any proper link, the home buying grant has morphed into a subsidy for developers, builders, tradies, banks, building suppliers, chow shops, etc etc etc

i was just throwing up the thread regarding the property boom back in Aug2009, similarly as a thread was thrown up regarding who predicted the GFC

cant anybody find names? only real estate agents?

thankyou
robots

 

[medicowallet]

hello,

oh well please start a thread about the car industry, manufacturing, textile industry, farmers

no dont see that one on the forum

and thats the issue, its all about the rich vs. poor, haves vs. have nots

kick off a thread about the above and see how the count goes,

thankyou
robots

But that would be off topic.

I am just saying that no one could have predicted that the government was going to bail out the housing industry with grants.

I think the housing market would have fared well without the FHBG (and it would have been stronger now for it). It was unnecessary, it protected no jobs, and made houses less affordable for the people it is intending to help.

I for one have no vested interest in defending such poor policy, you seem to be defending it with whatever you can, so obviously you think that the housing market is so fragile that it cannot withstand competition and a free market.

If you are so terrified, I suggest you sell your house. I will keep all of mine, as I am not worried.

 

[tech/a]

But that would be off topic.

I am just saying that no one could have predicted that the government was going to bail out the housing industry with grants.

I think the housing market would have fared well without the FHBG (and it would have been stronger now for it). It was unnecessary, it protected no jobs, and made houses less affordable for the people it is intending to help.

I for one have no vested interest in defending such poor policy, you seem to be defending it with whatever you can, so obviously you think that the housing market is so fragile that it cannot withstand competition and a free market.

If you are so terrified, I suggest you sell your house. I will keep all of mine, as I am not worried.

I can see your not in the building industry.

Sub divisions/Schools/Shopping centers/sports facilities
Fire brigade and Ambulance stations/Police all bi products of continued demand.

So the other alternative is not to help first home buyers with a hand out?
Investors like myself would be quite happy as our rentals will be in even greater demand and at higher rates.

The government will ALWAYS bail out the housing sector--the cost of not bailing it out is a far less attractive option for them.

 

[So_Cynical]

hello,

no, no link So Cynical

no one else produces any proper link, the home buying grant has morphed into a subsidy for developers, builders, tradies, banks, building suppliers, chow shops, etc etc etc

thankyou
robots

Or you could just say..oopps my bad, Aussie farmers aren't subsidised, they occasionally get drought relief and other payments via SS in exceptional circumstances..but most certainly are not subsidized like Nth American and Euro farmers.

Somehow i doubt you will receive your own investor of the year award for 2011

 

[trainspotter]

I have a vague recollection of explaining to the ASFers that I sold all of my share portfolio in August 2009 to place the lot into property (as well as start a building company) to make the most of this boom. Does this count?

 

[medicowallet]

I can see your not in the building industry.

Sub divisions/Schools/Shopping centers/sports facilities
Fire brigade and Ambulance stations/Police all bi products of continued demand.

So the other alternative is not to help first home buyers with a hand out?
Investors like myself would be quite happy as our rentals will be in even greater demand and at higher rates.

The government will ALWAYS bail out the housing sector--the cost of not bailing it out is a far less attractive option for them.

Houses would be built without the grant. There would still be demand, but that demand would be met with more realistic prices for everyone.

I agree, the handouts have made me a lot of money too. But since I have made my money, I have started to see the effects that my generation is having on the current "FHB" generation and, in the future, my children.

When I purchased my first home, I could actually buy it, and have a life as well, whilst still as an intern, single income family. Nowadays there is no real hope of doing this.

If it wasn't for "assistance" like the fhbg ramping up prices, it would give future Australians the lifestyle and opportunities we had. That is what made it "sunshine and lollipops" for us.

Can anyone here honestly say that it is as easy to exist and prosper as it was for BB or even GenX? Of course not, but it seems few here are prepared to look at what caused the problem.

 

[son of baglimit]

who predicted the property boom ?

you mean current uptrend, or just the long term, sustained but still dramatic increase in inner city property prices ?

hands up all those that BOUGHT inner city property when it was in a depressed, high interest rate, zero confidence, full of unemployed/students/housing commission/low rent, and therefore resisted the urge to follow friends & family to the outer planets with their mcmansions, lack of services and minimum 3 cars per driveway, paying $1+ a litre of petrol for ever ?

a tin of paint, a shovel & awareness can go a long way.

 

[Dowdy]

I can see your not in the building industry.

So the other alternative is not to help first home buyers with a hand out?
Investors like myself would be quite happy as our rentals will be in even greater demand and at higher rates.

The FHBG and low interest rate made buying a home more attractive and more expensive. That didn't help first home buyers, it did the opposite.

But if we remove the handout and raise interest rate it will make housing less attractive and more cheaper.

 

[son of baglimit]

The FHBG and low interest rate made buying a home more attractive and more expensive. That didn't help first home buyers, it did the opposite.

But if we remove the handout and raise interest rate it will make housing less attractive and more cheaper.

SHHHHHH - not too loud dowdy, or it'll become political party policy !!!

 

[Julia]

Dowdy, perhaps you could offer your services to the government in an advisory capacity? They could surely do with them.