Sure, just like in America and Spain and Ireland and...
.......all of which suffered massive overbuilding of residential buildings.
So what's your point.
That we have too, obviously.
Actually it's very easy to see where we have over built and under built, just look at the median trends.
If it has crashed like the Gold Coast we have an over supply, if it hasn't crashed we have an under supply, and for most areas it hasn't crashed.
A few previously bearish economists are becoming more bullish on housing. Guys like you, Ted, and others who have remained constantly bearish in the face of five years of evidence to the contrary will get royally screwed with your unbalanced investment outlook.
Sorry frank, I have no beef with you or anyone else, but seriously we are not supporting a football team that we follow through thick and thin, this is your future that you are considering now.
Any expressed market opinion is my own and is not to be taken as financial advice
5 years of evidence to the contrary? Boy I was spot on about the sunday paper wasn't I lol lol. Brisbane is chock full of vacant rentals peter and a lot don't show up in the statistics because they are not being advertized. Look at the whole cities in China that are vacant, yet the prices hold up don't they.
Your economic theories are worthless as they do not reflect reality. They are 200 years out of date.
Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan
A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
5 years of evidence to the contrary? Boy I was spot on about the sunday paper wasn't I lol lol. Brisbane is chock full of vacant rentals peter and a lot don't show up in the statistics because they are not being advertized. Look at the whole cities in China that are vacant, yet the prices hold up don't they.
If it is vacant and it is not advertised, it isn't a rental.
If it is in China it is not in Brisbane.
Your batting average today is a golden duck, Frankrider.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
Actually it's very easy to see where we have over built and under built, just look at the median trends.
If it has crashed like the Gold Coast we have an over supply, if it hasn't crashed we have an under supply, and for most areas it hasn't crashed.
And the NSW liberal givernment is about to engage in the biggest building boom they can generate....and all the leading economists are advising giverment to stimulate a building frenzy as mining comes "off the boil".
Actually it's very easy to see where we have over built and under built, just look at the median trends.
If it has crashed like the Gold Coast we have an over supply, if it hasn't crashed we have an under supply, and for most areas it hasn't crashed.
And the NSW liberal givernment is about to engage in the biggest building boom they can generate....and all the leading economists are advising giverment to stimulate a building frenzy as mining comes "off the boil".
Cool!
They won't achieve that unless they re-instate the FHOG for existing homes, and that is probably a 50/50 proposition at the moment. If NSW changes Qld will follow suit IMHO and that will kickstart some activity. Whether that becomes a boom is too hard to determine, maybe if we get another one or two rate reductions.
Either way house prices will get pushed up eventually. Either due to the shortage or due to greater activity. Probably of the two the second reason is the least inflationary, although I confess I'm really guessing on how much prices will be pushed upwards.
Any expressed market opinion is my own and is not to be taken as financial advice
And the NSW liberal givernment is about to engage in the biggest building boom they can generate.
Well they are engaged in talking at the moment. There has been a lot of talk over the years since the GFC but all I have seen is contraction. Across the board.
Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan
A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
Well they are engaged in talking at the moment. There has been a lot of talk over the years since the GFC but all I have seen is contraction. Across the board.
All you need to do is engage in a bit of immigrant bashing and you will over take moops as the leading dickhead of this forum.
I am the love child of Tony Abbott and Pauline Hanson
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