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Could Australian Real Estate survive NGs removal.; Polling opinions around whether NGs removal will kill the RE industry
Topic Started: 18 Sep 2013, 05:52 AM (7,511 Views)
Timo
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Blondie girl
18 Sep 2013, 06:04 PM
Chin up Timo, maybe you could look at investing in a tent....

Chop off the old block, duhling.
Why are you here exactly?
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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Timo
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b_b
18 Sep 2013, 09:44 AM
Removing NG from investment properties will have the same effect as removing NG from sharemarket investments.

Zero.

The issue is and always will be the cost of production. Removing NG would do nothing to reduce the cost of production.
And yet results from poll show otherwise. This is an industry which can only profit with government handouts....
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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Blondie girl
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Frank Castle
18 Sep 2013, 06:55 PM
The thing is by the time Gen Y get in power it'll be like now

Gen X will be seen as the greedy boomer equivalent
There'll be plenty of Gen Y with their finger in the pie as well
and it'll be Gen Z shrieking from the rooftops at the fortunes of Gen X and Y and how they had it so easy.
Shoulda seen the bargains those dislikeable persons picked up in 2013 they'll say, if only we had a time machine to go back they'll cry
Skull face
Good point, time moves on but the generational WHINGING does not stop.

Steadily growing incomes, record low interest rates to take advantage of, prices performing well in most places(...some have a bumpy ride). Just need a macro/micro perspective.

I c dumb people who just enjoy WHINGING.
Timo
18 Sep 2013, 11:48 PM
Why are you here exactly?
I'm here to say drama queen timo, that NG is really no big deal if it goes kaputty.

Life will go on.
Edited by Blondie girl, 19 Sep 2013, 02:38 PM.
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.
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Pig Iron
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Bogan scum

Timo
19 Sep 2013, 01:07 PM
And yet results from poll show otherwise. This is an industry which can only profit with government handouts....
because polls on an internet forum are accurate. fuck no wonder you can not get it right.
I am the love child of Tony Abbott and Pauline Hanson
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themoops
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Pig Iron
19 Sep 2013, 10:49 PM
because polls on an internet forum are accurate. fuck no wonder you can not get it right.
He's right. Take NG away and the crash would start almost immediately and prices would go down 40-60%.

Idiot.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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Pig Iron
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Bogan scum

themoops
19 Sep 2013, 11:06 PM
He's right. Take NG away and the crash would start almost immediately and prices would go down 40-60%.

Idiot.
so why didnt this happen in the 80s.
no one has ever managed to back that kind of view up.
I am the love child of Tony Abbott and Pauline Hanson
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Kulganis
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Pig Iron
19 Sep 2013, 11:34 PM
so why didnt this happen in the 80s.
no one has ever managed to back that kind of view up.
Paul Keating quarantined NG in '85 and after lobbying from the property industry, changed it back in '87.

Australia's Household debt to GDP ratio was about 45% for the 80's, it's now about 150%

In the 80's Household saving was about 15%, Interest rates were about 13%

In 2013 Household saving has so far been about 10% @ IR 2.5%

More people are now investors, more people have a finger in the NG pie, more people have more to lose if the addiction is forcibly removed.
Edited by Kulganis, 20 Sep 2013, 03:59 AM.
"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
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themoops
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Pig Iron
19 Sep 2013, 11:34 PM
so why didnt this happen in the 80s.
no one has ever managed to back that kind of view up.
Property wasn't in a bubble then you dumb fuck.

No one needs to write a big article on it, because it's so obvious.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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Timo
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Blondie girl
19 Sep 2013, 02:37 PM
Skull face
Good point, time moves on but the generational WHINGING does not stop.

Steadily growing incomes, record low interest rates to take advantage of, prices performing well in most places(...some have a bumpy ride). Just need a macro/micro perspective.

I c dumb people who just enjoy WHINGING.

I'm here to say drama queen timo, that NG is really no big deal if it goes kaputty.

Life will go on.
Blonde by name, even blonduuuuuhhhh by nature
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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stinkbug
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themoops
20 Sep 2013, 09:50 AM
Property wasn't in a bubble then you dumb fuck.

No one needs to write a big article on it, because it's so obvious.
Damn right. No one EVER writes articles about property being in a bubble, do they...
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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