It's nice to see he's getting on your nerves bogan boy. Now run along and pay your bloated mortgage off. Why do you run with the bulls when you don't have IP's. Are you a wanna be bull?
lol i was scrolling through and saw this one.
Timo is the one full of rage, it's the other way around.
I am the love child of Tony Abbott and Pauline Hanson
Frank - I'll think you'll find rents are increasing because house prices aren't. When you are unsure of where the economy is going, it makes more sense to take a short term hit on the rent.
If rents are increasing, how would I be taking a short term hit on the rent? And I did say I am seeing both rents AND house prices increasing
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Frank - I'll think you'll find rents are increasing because house prices aren't. When you are unsure of where the economy is going, it makes more sense to take a short term hit on the rent.
that makes no sense though. rents are very nearly at the cost of owning even here in perth. on my homeloan I can redraw my additional payments AND take a 12 month repayment vacation if the worst happens. renters get none of that benefit, so from a security point of view if you purchase within your means you are more secure in home ownership
I am the love child of Tony Abbott and Pauline Hanson
Those nasty bulls are at it again And in the front yard this time for all to see. The cheek
Rents are increasing because landlords are selling up and tightening the rental market. Not everyone bought pre boom Dank. Anyone buying after 08 are sure to be doing their arse and probably have been for a while. I have a few friends now moving because both their rentals are for sale. Don't look int it too much, remember don't over rub that Chrystal ball. You could allways borrow Shadows time machine if you want to accurately predict the future but his has a problem with dates....it doesn't go past 2015.
Rents are increasing because landlords are selling up and tightening the rental market.
:lol :lol :lol If what you say is true, which I seriously doubt seeing as you are a proven bulshitter (see other thread) , its a zero sum game
Of course with increasing population, the young getting kicked out of the nest and less building starts there will be less rentals available THIS is why the rental market is tightening [
Catweasel say it the fascinate to watch modern-day hillbillies adopt persona of 19th century landowner. It also the fascinate how society now the progress where the essentially serf become landowner but still essentially serf, even though it probably not even a realize.
Seem to be particularly prevalent in a Anglo-Saxon the society.
Frank - I'll think you'll find rents are increasing because house prices aren't. When you are unsure of where the economy is going, it makes more sense to take a short term hit on the rent.
that makes no sense though. rents are very nearly at the cost of owning even here in perth. on my homeloan I can redraw my additional payments AND take a 12 month repayment vacation if the worst happens. renters get none of that benefit, so from a security point of view if you purchase within your means you are more secure in home ownership
I'm talking about potential FHB's timmy, eastern staters and migrants. I doubt anyone would sell their house and go into rented just because they thought their job was under threat. Buying a house is a long term commitment.
Frank Castle
19 Oct 2012, 01:08 PM
newjez
19 Oct 2012, 12:36 PM
Frank - I'll think you'll find rents are increasing because house prices aren't. When you are unsure of where the economy is going, it makes more sense to take a short term hit on the rent.
If rents are increasing, how would I be taking a short term hit on the rent? And I did say I am seeing both rents AND house prices increasing
I meant your tenant would take a short term hit on the rent. Keep up Frank.
IMHO you are correct but we aren't there just yet. Consider the response to the gfc - why wouldn't they do the same thing for SHTF round 2? It costs far less money to prop up housing than to deal with a bailout and high unemployment. They will be at near zirp and run further deficit for incentives before they let the ship sink.
"It costs far less money[/u] to prop up housing than to deal with a bailout and high unemployment."
Not in the long run. Its terrible for any economy to create a housing bubble or any bubble and try prop it up with misallocated money. But once it finally goes anyway, Governments cant stop it. (look at the US, Ireland, UK, Greece, Spain, Japan, Hong Kong etc etc) this only makes the readjustment recession last longer.
"They will be at near zirp and run further deficit for incentives before they let the ship sink."
They definitely could and probably will. But I have read a few good articles on why the Australian Banks will 'probably not' hit ZIRP and not follow the RBA's interest rate. Encouraging and Securing/Increasing home deposits whilst reducing overseas funding is one example. But who knows what measues the Government will go to prevent them from not following?
"Consider the response to the gfc - why wouldn't they do the same thing for SHTF round 2?"
Yes, I'm sure they will throw everything at it and deliver a healthy dose of cash for everyone. But I think most will hoard the cash when it all comes apart. The world will be a mess, but a necessary mess that must take place before the 'proper' restructuring of our next growth phase.
And yes, Your right, we aren't there yet but its coming....and its approaching faster. All the options are running out and every effort of intervention is not lasting as long as the previous.
The numbers are too huge....and growing! Its all a phony/manipulated setup. Our whole civilised economic setup goes against everything thats going on! Its in an awful mess!! they dont know what to do? They try something (stimulus, loans, debt).... have a meeting (argue) try it again (stimulus, loans, debt) .... have more meetings (argue more)..... meet again 20 more times.... try stimulus (debt) again..... and what??? 5 years into the GFC and has it worked? or is the whole world slowing down under the weight of this mess? I know you know whats going on..... But a lot on here seem to think no further than the ecomonic centre of Sydney or Perth..... Its crazy!!!
Look at the countries who even had/have trade surpluses... Germany, Switzerland, Australia, Canada, Sweden, China. They are all slowing now. Facing reality and revising down their GDP.
Also dont believe everything you read about chinas (CCP) GDP growth:\ (or US etc..... its coming into elections)
Analysts are concerned official economic statistics are manipulated to suit Beijing’s political needs
"But Mark Williams, chief Asia economist at Capital Economics, said upbeat comments from China's leaders were misleading."
No! ......Come-on.......Surely the Chinese Communist Party with all their controlling of the Internet, repressing free speech online and hiding facts like the Tiananmen Square massacre (where hundreds of people were killed) would not manipulate its GDP figures!??
Its time for people to start upskilling in an era of high competition for jobs.
Frank Castle
19 Oct 2012, 01:08 PM
If rents are increasing, how would I be taking a short term hit on the rent? And I did say I am seeing both rents AND house prices increasing
Think about it!
For how long?
If unemployment is rising (and will trend upwards) and immigration and population increase causing fierce competition, people will take wage cuts to secure a job.
What will that do to rents?
In a low wage, low unemployment era with rising food, fuel and electricity prices, People will most likely readjust their lifestyles and move into more shared accomodation and the next round of FHB's will most likely opt to stay with their parents until things improve.
IMO, its all unravelling and the 'odds' (whilst you do have some) are not looking good for you.
I think the 'best' you can hope for (for the next 10+ years) is stagnet prices hovering around inflation.
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