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The biggest draw backs of the housing bubble
Pricing a generation out of home ownership 6 (42.9%)
Selling Australian homes to speculative or Visa hopeful foreigners 1 (7.1%)
Directing capital and disposable cash away from business and into housing 1 (7.1%)
Loading our banks with too much exposure to housing and likely crash 2 (14.3%)
Hearing older generations pontificate about being financially savvy, yet their only "skill" is their D.O.B 3 (21.4%)
Loss of investment into existing and new industry caused by capital drain to housing 1 (7.1%)
Total Votes: 14
The biggest negative impacts from the housing bubble; What is the worst damage being done to Australian society.
Topic Started: 23 Sep 2013, 06:20 AM (7,576 Views)
Timo
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There have been some truly concerning economic and social drawbacks of the disproportionate amount of money put into fuelling the current housing bubble in Australia. Curious to see what drawbacks people view as being the most concerning as a result?

Edited by Timo, 23 Sep 2013, 06:22 AM.
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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Mallard
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Thread killer

Can we add "Bears complaining incessantly about the injustice of it all" as an option please Timo?
Collecting desperation.
Ex-Bp Golly April 2 2015. "I see with a slight overshoot -70% [fall in Sydney house prices] as being well within possibility"
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Timo
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Mallard
23 Sep 2013, 08:06 AM
Can we add "Bears complaining incessantly about the injustice of it all" as an option please Timo?
Poll says no
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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Black Panther
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Mallard
23 Sep 2013, 08:06 AM
Can we add "Bears complaining incessantly about the injustice of it all" as an option please Timo?
That is 2 votes for "Bears complaining incessantly about the injustice of it all"
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Timo
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Black Panther
23 Sep 2013, 09:46 AM
That is 2 votes for "Bears complaining incessantly about the injustice of it all"
Poll says no
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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Timo
23 Sep 2013, 09:47 AM
Poll says no
Make that 3 votes for "Bears complaining incessantly about the injustice of it all"
---------------------------------------------------------------

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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themoops
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"Hearing older generations pontificate about being financially savvy, yet their only "skill" is their D.O.B"

Yeah that one. But I guess it's pretty funny. Because you can be sure that they're idiots and there's almost nothing to learn from them and you can just dismiss them as inferior.
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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stinkbug
23 Sep 2013, 09:49 AM
Make that 3 votes for "Bears complaining incessantly about the injustice of it all"
Scared?
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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skamy
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stinkbug
23 Sep 2013, 09:49 AM
Make that 3 votes for "Bears complaining incessantly about the injustice of it all"
This is now 4 votes for "Bears complaining incessantly about the injustice of it all"
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.
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stinkbug
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Timo
23 Sep 2013, 09:51 AM
Scared?
<REMOVED, BECAUSE I'M A NICE GUY>
Edited by stinkbug, 23 Sep 2013, 09:59 AM.
---------------------------------------------------------------

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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