A Storm is Brewing for the Australian Economy and Housing Bubble; Ignore the thunder, get washed away in the rain. Troubling combination of factors that cannot be ignored.
Tweet Topic Started: 23 Jan 2013, 05:47 AM (23,236 Views)
You can try cut it any way you want, a minimum wage earner cannot afford even the "affordable" dumps in the Australian Real Estate Ponzi Scheme market.
1. There is no property bubble in Australia. 2. Bubble theories have never predicted a crash since the GFC which was probably because the GFC was not caused by a bubble. 3. Australian property prices have been stable since 2003.
You can bet your bottom dollar that migrants from Africa or Indonesia or Pakistan or India will be able to save on the minimum wage and they will be purchasing property on the minimum wage. To them it will be a fortune, they will also probably be able to send money home on a minimum wage. They will also not sneer at the houses in Australia and call them dumps.
Some Australians are spoiled brats and they have absolutely no idea what constitutes a dump. We live in a rich country where it is entirely possible to purchase a home on the minimum wage there are not many places in the world where this can happen.
Too many people on here seek instability in Australian housing just because they have bet against the market. They care so little for the trauma that would be caused by a crashing market and seek to sell the idea as beneficial for poor folk what a joke.
A crash will adversely effect the poorest folk in the property market and it will benefit the cash rich leeches sitting around waiting to grab the home of unfortunate folk at rock bottom prices.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
You need to wise up, theres no stamp duty for a 250k FHB purchase
Buy a home, get some experience in the housing market before speaking from a position of such ignorance
In which states don't FHB pay stamp duty?
Now who's the ignorant one loser?
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.
No stamp duty in WA up to $500K mate, and we're talking WA here or had you forgotten, or just too dumb to follow the conversation more likely? Perth's in WA in case you didn't realise!
No stamp duty in WA up to $500K mate, and we're talking WA here or had you forgotten, or just too dumb to follow the conversation more likely? Perth's in WA in case you didn't realise!
That would be you
No you're talking about W.A and your own little make believe world.
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.
Cheers buddy, your link proves timmy and me were 100 percent right, shot yourself in the foot there
My link proves my point and my suspicion that your a brainless shit smear.
Buying is still still vastly more expensive then renting, in every state and territory.
The Australian Property market is still a Ponzi
And you've been caught with shit in your mouth.
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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