Australia seems open to the advice and warnings on many things from the global community, such as global warming, environment, international conflict (some of which we go to war for), social and political matters. Yet when these same sources point out the glaringly obvious property bubble we've inflated, suddenly all this reputable, expert advice is promptly dismissed as "lazy" ( thank you Joe) and unaware of the magical and imaginary points of "difference" supposedly giving Australia immunity to all the natural highs and lows of every market on the face of the planet.
What a great turn of luck then that Australia has so many large holes in its surface and enormous deserts for us all to firmly immerse our heads in.
Pop!
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
1. Wealth effect. People keep up the spending instead of thrift. Illusion of wealth. Wealth is redistributed into other sectors in the economy as people use their home like a credit card.
2. It's an easy shortcut for a political party to state that household wealth increased under their power.
3. Lending to start-ups / entrepreneurs. As somebody who deals with lots of small business owners, I strongly disagree with business loans against own property.
4. Government endorsed and protected investment vehicle for the Mom and Dad. What are the other choices? Get scammed on the ASX (see the news today?)? Start a business? Risky overseas overseas investments? Etc.
5. Voting bloc.
6. Great source of revenue for banks when they have immunity from bankruptcy.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
I think the power of the vested interests is more in Oz. Small population, concentrated media ownership etc. plus the average bogan has done quite well from property and think they have been smart. Oh dear me...
I think the power of the vested interests is more in Oz. Small population, concentrated media ownership etc. plus the average bogan has done quite well from property and think they have been smart. Oh dear me...
+1
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Your quite obsessive over wanking aren't you, stands to reason thou I guess
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
I think the power of the vested interests is more in Oz. Small population, concentrated media ownership etc. plus the average bogan has done quite well from property and think they have been smart. Oh dear me...
To me, where it goes wrong is the fact that there is honestly some people who do not understand what they are doing when it involves property investing.What's with this "thou " word Timo?
Are you some religious nutter?
Quick get the holy water!! I have this need to shower in it!!!! I seeeeeeeeeeeeeeeeeeee
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Thou is a word in English, it's archaic now, but it was very much in use in 16th century Middle English, it has nothing to do with religion.
It actually means, literally 'You'. Same with the words 'thee' (which also means 'you'), 'thy' (another 'you') and 'thine' (which means 'yours').
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry
"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
To me, where it goes wrong is the fact that there is honestly some people who do not understand what they are doing when it involves property investing.What's with this "thou " word Timo?
Are you some religious nutter?
Quick get the holy water!! I have this need to shower in it!!!! I seeeeeeeeeeeeeeeeeeee
the light
lmao
The oxygen thief here in full swing. I bet your actually some morbidly obese bald guy who has sponge baths, unable to even enter said shower.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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