Outright home ownership plumments over the past 15 years - The only winners are the banks!; Proportion of households that are outright home owners has fallen from almost 42% in the mid-1990s to 30.9 % today
Tweet Topic Started: 29 Aug 2013, 10:55 AM (4,905 Views)
That's it bears - take the moral high ground. We all know most of you *really* wish for economic armmageddon just so that *you* can pay less for a house than what it would cost you right now. Not for selfish motives though of course - for the good of society of course.....
I genuinely believe it will be better for the economy in the long run if the steam comes off house prices. And I am paying off a house. I'm not sure why the bulls are so scared of house price drops. For all outright owners if they are selling and then buying in the same market house price drops are generally beneficial. It is only really the over leveraged that would suffer huge financial losses in the case of a property downturn.
That's it bears - take the moral high ground. We all know most of you *really* wish for economic armmageddon just so that *you* can pay less for a house than what it would cost you right now. Not for selfish motives though of course - for the good of society of course.....
Bullshit Sydneythingie! - I've CONSISTENTLY maintained that my one HUGE reservation about seeing a CRASH in Oz housing prices is the APPALLING damage it will see done to the individual working struggling battler mortgage paying types in our nation - For which I got trashed as being a moderator 'n even a commenter on the Bubblepedia site when their absolute bear bastard purge occurred! ...
Hmmm ... Ask Mango; Ask Golly - Yep, they're bears - Both even a tad MORE bearish than me I reckon!?!
But were there when it happened. 'N I have absolutely NO doubt both those worthy 'n venerable gents will confirm my above statement! ...
30 years ago 'the wife' DIDN'T have ta work ta service the mortgage Shady! - Ferk!!!
My mother didn't when my parents rented But as soon as I was old enough to send to kindy, they bought their first house and they both worked. Uninspiring house at Engadine - 37 klm to the Sydney CBD
That was the late 60's early 70's
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
My mother didn't when my parents rented But as soon as I was old enough to send to kindy, they bought their first house and they both worked. Uninspiring house at Engadine - 37 klm to the Sydney CBD
That was the late 60's early 70's
I really like ya a lot Frank - No bullshit - But it would help if ya changed ya pic ta something just a bit easier ta warm to maybe? (That's not a criticism - Just a comment.)
That's it bears - take the moral high ground. We all know most of you *really* wish for economic armmageddon just so that *you* can pay less for a house than what it would cost you right now. Not for selfish motives though of course - for the good of society of course.....
That is true cheap housing is better for everyone in society apart from investors, developers, councils and govt.
Please who would have exception to most people having more discretionary income? By supporting raising bouse prices you are basically telling everyone you want them to be poorer and have less money in their pocket.
Who is scared? House prices rise and drop - just part of the cycle.
House prices fell 10% in real terms from mid-2010 to mid-2012. The falls were even steeper in some cities.
The bulls were still here all that time, still posting.
However now that prices are rising again, many of the scared bears have vanished.
Hmmm, one example from memory is Black Panther who said he was leaving the forum when Perth prices had dropped around 10%, he quickly returned when the next data set was positive.
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