Australian Politics Forum - House prices and interest rates

Sprintcyclist

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House prices and interest rates
Nov 8^th, 2007 at 8:47am

The latest interest rate rise is a bit of a nonevent. 0.25% is $40 per month on a high mortgage.
If someone has to sell their house for the sake of $10 per week they are wildly overcommitted.
People always have houses repossessed.
We are coming off historically low rates of repossessions.

The high house pric4es is a good thing. Anyone want their house to be worth 50% of what it is now ?

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boxingkangaroo

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Re: House prices and interest rates
Reply #1 - Nov 8^th, 2007 at 8:53am

Sprintcyclist wrote on Nov 8^th, 2007 at 8:47am:

The latest interest rate rise is a bit of a nonevent. 0.25% is $40 per month on a high mortgage.
If someone has to sell their house for the sake of $10 per week they are wildly overcommitted.
People always have houses repossessed.
We are coming off historically low rates of repossessions.

The high house pric4es is a good thing. Anyone want their house to be worth 50% of what it is now ?

you cant be serious. ?

Struggling families cannot afford an extra $40 plus dollars a month when they are already suffering the strain and cant make ends meet.

Get with the real world.

Howard and Costello might have "brain" washed you but there are some who still think for themsleves, thank god!!

No Come on Nov. 24th, cant wait.

That graph they showed the public comparing interest rates etc must have been the dealbreaker for you,. Give me a break!!

You are seriously deluded.

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Sprintcyclist

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Re: House prices and interest rates
Reply #2 - Nov 8^th, 2007 at 9:26am

Hi boxingkangaroo,

How are you ?
There are always those who will struggle financially.
If they can't afford another $10 per week I suggest they are so close to the limit the extra $10 per week is a moot point.

The budget surplus Libs have given has enabled them to give tax cuts, which negates the interest rate rises.

Labor can't make houses cheaper or reduce interest rates.

it's not an easy world. We can't always have what we want when we want it.
No matter who is in charge.

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Modern Classic Right Wing

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boxingkangaroo Full Member Offline Posts: 129	Re: House prices and interest rates Reply #3 - Nov 8^th, 2007 at 9:57am Quote: Labor can't make houses cheaper or reduce interest rates. well guees what mate. Im willing to give them a go.
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Sprintcyclist Gold Member Offline OzPolitic Posts: 40951 Gender:	Re: House prices and interest rates Reply #4 - Nov 8^th, 2007 at 10:04am Good on you kangaroo. That's what I like about a free society. Take care
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boxingkangaroo Full Member Offline Posts: 129	Re: House prices and interest rates Reply #5 - Nov 8^th, 2007 at 10:16am Quote: The budget surplus Libs have given has enabled them to give tax cuts, which negates the interest rate rises. no it doesnt prove it and then explain this dribble creep.
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freediver

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Re: House prices and interest rates
Reply #6 - Nov 8^th, 2007 at 11:08am

Boxy there is no need for insults.

I'm with Sprint on this one. The major parties always try to overstate the influence they have on house prices and interest rates. That's why no-one is upset that Johnny lied to them about keeping interest rates low. They didn't believe it in the first place.

Anyone who is struggling financially should not be purchasing a house. You don't commit that much money without considering the risks. If $10 per week will break the camel's back, what if you loose your job and are out of work for a few months? What if your car breaks down, or you want a sixpack of beer?

High house prices reflect the wealth of our society. They reflect what people are willing to pay.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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boxingkangaroo Full Member Offline Posts: 129	Re: House prices and interest rates Reply #7 - Nov 8^th, 2007 at 11:49am Quote: I'm with Sprint on this one. The major parties always try to overstate the influence they have on house prices and interest rates. That's why no-one is upset that Johnny lied to them about keeping interest rates low. They didn't believe it in the first place . Your delusional too.
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Sprintcyclist Gold Member Offline OzPolitic Posts: 40951 Gender:	Re: House prices and interest rates Reply #8 - Nov 8^th, 2007 at 12:43pm Sure kangaroo, I'll try to explain the dribble. The interest rate rises take a bit more money out of peoples net income. By having tax cuts, we have a bit more money from our net income. Tax cuts are only possible when the govt has a surplus.
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freediver

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Howard's hypocrisy on interest rates
Reply #9 - Nov 9^th, 2007 at 9:55am

This is just plain hypocritical. Howard promised that he would keep rates at record lows. He didn't. He apologised for he rates, then said he didn't. Then he has a go at Labor for playing word games:

Howard accuses Labor of rates word games

http://www.smh.com.au/news/National/Howard-accuses-Labor-of-rates-word-games/2007/11/08/1194329409134.html

Prime Minister John Howard has accused Labor of playing word games over whether he should apologise for this week's interest rate rise.

On Wednesday, Mr Howard told voters "I'm sorry about that" after the Reserve Bank lifted interest rates to 6.75 per cent, the first rise during an election campaign and the sixth time since the 2004 election.

But on Thursday he denied he had apologised, saying there was a difference.

http://www.smh.com.au/news/breaking-news/pm-denies-apologising-for-rate-rise/2007/11/08/1194329385695.html

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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IQSRLOW Gold Member Offline OzPolitic Posts: 1618	Re: House prices and interest rates Reply #10 - Nov 9^th, 2007 at 11:49am I am sorry that you failed to understand the context of his statement Does that mean I am responsible for your failure to understand?
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freediver Gold Member Offline www.ozpolitic.com Posts: 50550 At my desk.	Re: House prices and interest rates Reply #11 - Nov 9^th, 2007 at 12:21pm It's OK IQ, no need to apologise. I just came up with a radical new solution for the problem of John Howard's refusal to apologise to aboriginies. There is now no need to apologise. He just needs to say sorry.
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boxingkangaroo

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Re: House prices and interest rates
Reply #12 - Nov 9^th, 2007 at 2:35pm

Sprintcyclist wrote on Nov 8^th, 2007 at 12:43pm:

Sure kangaroo, I'll try to explain the dribble.

The interest rate rises take a bit more money out of peoples net income.
By having tax cuts, we have a bit more money from our net income.

Tax cuts are only possible when the govt has a surplus.

thats an explanation fruitcake? your on something!.

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Sprintcyclist Gold Member Offline OzPolitic Posts: 40951 Gender:	Re: House prices and interest rates Reply #13 - Nov 9^th, 2007 at 2:51pm God bless you kangeroo
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prometheus New Member Offline OzPolitic Posts: 38	Re: House prices and interest rates Reply #14 - Nov 9^th, 2007 at 4:48pm hi sprintcyclist, I heard you were really good at riding sidesaddle in fishnets and a dress. Can you give me a few tips? Im thinking of entering the Connonwealth games .
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