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Perfect storm gathers for the Housing Market (Read 1194 times)
Ajax
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Re: Perfect storm gathers for the Housing Market
Reply #15 - Mar 19th, 2017 at 10:47am
 
Housing market crashes, Australia will have its own recession and it will be BIG, bigger than 2008 which in retrospect we hardly felt.

Bottom line housing crashes we're farked....!
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Sir Bobby
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Re: Perfect storm gathers for the Housing Market
Reply #16 - Mar 19th, 2017 at 10:51am
 
Ajax wrote on Mar 19th, 2017 at 10:47am:
Housing market crashes, Australia will have its own recession and it will be BIG, bigger than 2008 which in retrospect we hardly felt.

Bottom line housing crashes we're farked....!



People have been saying that the market would crash for 17 years
& it hasn't.
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Ajax
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Re: Perfect storm gathers for the Housing Market
Reply #17 - Mar 19th, 2017 at 11:00am
 
Sir Bobby wrote on Mar 19th, 2017 at 10:51am:
Ajax wrote on Mar 19th, 2017 at 10:47am:
Housing market crashes, Australia will have its own recession and it will be BIG, bigger than 2008 which in retrospect we hardly felt.

Bottom line housing crashes we're farked....!



People have been saying that the market would crash for 17 years
& it hasn't.


The problem is those cants the bankers, the ones above CEO's and boards have deliberately loosened the money supply during a period of low interest rates.

Now of their own backs they have decided to raise interest rates, the RBA hasn't raised the rates, they are doing it of their own backs.

If it crashes and we go into a recession we can all thank our government for giving them free reign to do whatever they want.

They caused the 2008 GFC and they will be responsible for our next recession in Australia all with the blessing of our government who have lost the power to control these hungry maggots with a bottomless pit for a stomach.

NAB and Westpac have raised their rates others will follow and then we have to wait and see what happens next quarter.

Australia needs her OWN commonwealth bank....!!!

It's the only way we can hope to control these parasites.


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« Last Edit: Mar 19th, 2017 at 11:05am by Ajax »  

1. "There has never been a more serious assault on our standard of living than the carbon tax." Ajax
2. “Scratch the average homosexual and you will find a pedophile" Kevin Bishop (homosexual)
 
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Sir lastnail
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Re: Perfect storm gathers for the Housing Market
Reply #18 - Mar 19th, 2017 at 12:31pm
 
red baron wrote on Mar 19th, 2017 at 10:41am:
The problem is not the amount they can borrow, it is the reality that they haven't  got enough in their pay envelopes to repay the loan


the banks don't care. They are recklessly throwing money at any dump on the market irrespective of the persons ability to pay it back. They know that if they have to repo it then there will be some other sucker willing to go into debt to buy it Sad We've created our own tulip bulb mania Sad
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« Last Edit: Mar 19th, 2017 at 12:38pm by Sir lastnail »  

"When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Luke Muehlhauser
 
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Sir lastnail
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Re: Perfect storm gathers for the Housing Market
Reply #19 - Mar 19th, 2017 at 12:34pm
 
Ajax wrote on Mar 19th, 2017 at 11:00am:
Sir Bobby wrote on Mar 19th, 2017 at 10:51am:
Ajax wrote on Mar 19th, 2017 at 10:47am:
Housing market crashes, Australia will have its own recession and it will be BIG, bigger than 2008 which in retrospect we hardly felt.

Bottom line housing crashes we're farked....!



People have been saying that the market would crash for 17 years
& it hasn't.


The problem is those cants the bankers, the ones above CEO's and boards have deliberately loosened the money supply during a period of low interest rates.

Now of their own backs they have decided to raise interest rates, the RBA hasn't raised the rates, they are doing it of their own backs.

If it crashes and we go into a recession we can all thank our government for giving them free reign to do whatever they want.

They caused the 2008 GFC and they will be responsible for our next recession in Australia all with the blessing of our government who have lost the power to control these hungry maggots with a bottomless pit for a stomach.

NAB and Westpac have raised their rates others will follow and then we have to wait and see what happens next quarter.

Australia needs her OWN commonwealth bank....!!!

It's the only way we can hope to control these parasites.




Yes we gave them government guarantee of depositors money during the GFC and then what did they do ? They started doling out money for property deals - the very think that created the GFC in the first place !!
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"When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Luke Muehlhauser
 
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Sir Bobby
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Re: Perfect storm gathers for the Housing Market
Reply #20 - Mar 19th, 2017 at 1:41pm
 
Sir lastnail wrote on Mar 19th, 2017 at 12:31pm:
red baron wrote on Mar 19th, 2017 at 10:41am:
The problem is not the amount they can borrow, it is the reality that they haven't  got enough in their pay envelopes to repay the loan


the banks don't care. They are recklessly throwing money at any dump on the market irrespective of the persons ability to pay it back. They know that if they have to repo it then there will be some other sucker willing to go into debt to buy it Sad We've created our own tulip bulb mania Sad



Hi sir Nail,
the banks have certainly been reckless -
especially the interest only loans to people with small means.
They have created the fundamentals of another GFC
but right here in Australia
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Extraordinary claims require extraordinary evidence.
Carl Sagan
 
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Gordon
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Re: Perfect storm gathers for the Housing Market
Reply #21 - Mar 19th, 2017 at 1:45pm
 
Sir Bobby wrote on Mar 19th, 2017 at 1:41pm:
Sir lastnail wrote on Mar 19th, 2017 at 12:31pm:
red baron wrote on Mar 19th, 2017 at 10:41am:
The problem is not the amount they can borrow, it is the reality that they haven't  got enough in their pay envelopes to repay the loan


the banks don't care. They are recklessly throwing money at any dump on the market irrespective of the persons ability to pay it back. They know that if they have to repo it then there will be some other sucker willing to go into debt to buy it Sad We've created our own tulip bulb mania Sad



Hi sir Nail,
the banks have certainly been reckless -
especially the interest only loans to people with small means.
They have created the fundamentals of another GFC
but right here in Australia


You know a lot about this.  Are you a real estate agent?
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Wokka Wokka Wokka
 
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Sir Bobby
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Re: Perfect storm gathers for the Housing Market
Reply #22 - Mar 19th, 2017 at 1:48pm
 
Gordon wrote on Mar 19th, 2017 at 1:45pm:
Sir Bobby wrote on Mar 19th, 2017 at 1:41pm:
Sir lastnail wrote on Mar 19th, 2017 at 12:31pm:
red baron wrote on Mar 19th, 2017 at 10:41am:
The problem is not the amount they can borrow, it is the reality that they haven't  got enough in their pay envelopes to repay the loan


the banks don't care. They are recklessly throwing money at any dump on the market irrespective of the persons ability to pay it back. They know that if they have to repo it then there will be some other sucker willing to go into debt to buy it Sad We've created our own tulip bulb mania Sad



Hi sir Nail,
the banks have certainly been reckless -
especially the interest only loans to people with small means.
They have created the fundamentals of another GFC
but right here in Australia


You know a lot about this.  Are you a real estate agent?



I have already told you that I'm not a real estate agent.

forgiven

namaste
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Extraordinary claims require extraordinary evidence.
Carl Sagan
 
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Gordon
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Re: Perfect storm gathers for the Housing Market
Reply #23 - Mar 19th, 2017 at 1:50pm
 
Sir Bobby wrote on Mar 19th, 2017 at 1:48pm:
Gordon wrote on Mar 19th, 2017 at 1:45pm:
Sir Bobby wrote on Mar 19th, 2017 at 1:41pm:
Sir lastnail wrote on Mar 19th, 2017 at 12:31pm:
red baron wrote on Mar 19th, 2017 at 10:41am:
The problem is not the amount they can borrow, it is the reality that they haven't  got enough in their pay envelopes to repay the loan


the banks don't care. They are recklessly throwing money at any dump on the market irrespective of the persons ability to pay it back. They know that if they have to repo it then there will be some other sucker willing to go into debt to buy it Sad We've created our own tulip bulb mania Sad



Hi sir Nail,
the banks have certainly been reckless -
especially the interest only loans to people with small means.
They have created the fundamentals of another GFC
but right here in Australia


You know a lot about this.  Are you a real estate agent?



I have already told you that I'm not a real estate agent.

forgiven

namaste



Is there anything wrong with being a real estate agent?
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Wokka Wokka Wokka
 
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Sir Bobby
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Re: Perfect storm gathers for the Housing Market
Reply #24 - Mar 19th, 2017 at 2:13pm
 
Gordon wrote on Mar 19th, 2017 at 1:50pm:
Sir Bobby wrote on Mar 19th, 2017 at 1:48pm:
Gordon wrote on Mar 19th, 2017 at 1:45pm:
Sir Bobby wrote on Mar 19th, 2017 at 1:41pm:
Sir lastnail wrote on Mar 19th, 2017 at 12:31pm:
red baron wrote on Mar 19th, 2017 at 10:41am:
The problem is not the amount they can borrow, it is the reality that they haven't  got enough in their pay envelopes to repay the loan


the banks don't care. They are recklessly throwing money at any dump on the market irrespective of the persons ability to pay it back. They know that if they have to repo it then there will be some other sucker willing to go into debt to buy it Sad We've created our own tulip bulb mania Sad



Hi sir Nail,
the banks have certainly been reckless -
especially the interest only loans to people with small means.
They have created the fundamentals of another GFC
but right here in Australia


You know a lot about this.  Are you a real estate agent?



I have already told you that I'm not a real estate agent.

forgiven

namaste



Is there anything wrong with being a real estate agent?



It's what we should have all been doing instead of going to Uni & getting qualifications in science & technology
& other useless professions - in this country.

Real estate agents are all millionaires -
flipping houses is what makes money not science.
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Extraordinary claims require extraordinary evidence.
Carl Sagan
 
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Sir lastnail
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Re: Perfect storm gathers for the Housing Market
Reply #25 - Mar 19th, 2017 at 2:15pm
 
Gordon wrote on Mar 19th, 2017 at 1:50pm:
Sir Bobby wrote on Mar 19th, 2017 at 1:48pm:
Gordon wrote on Mar 19th, 2017 at 1:45pm:
Sir Bobby wrote on Mar 19th, 2017 at 1:41pm:
Sir lastnail wrote on Mar 19th, 2017 at 12:31pm:
red baron wrote on Mar 19th, 2017 at 10:41am:
The problem is not the amount they can borrow, it is the reality that they haven't  got enough in their pay envelopes to repay the loan


the banks don't care. They are recklessly throwing money at any dump on the market irrespective of the persons ability to pay it back. They know that if they have to repo it then there will be some other sucker willing to go into debt to buy it Sad We've created our own tulip bulb mania Sad



Hi sir Nail,
the banks have certainly been reckless -
especially the interest only loans to people with small means.
They have created the fundamentals of another GFC
but right here in Australia


You know a lot about this.  Are you a real estate agent?



I have already told you that I'm not a real estate agent.

forgiven

namaste



Is there anything wrong with being a real estate agent?


Apart from being subhuman there is not a lot wrong with it Cheesy LOL
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"When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Luke Muehlhauser
 
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Ajax
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Re: Perfect storm gathers for the Housing Market
Reply #26 - Mar 19th, 2017 at 2:38pm
 
Gordon wrote on Mar 19th, 2017 at 1:50pm:
Is there anything wrong with being a real estate agent?


The aspiration of every used car salesman........... Cheesy
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1. "There has never been a more serious assault on our standard of living than the carbon tax." Ajax
2. “Scratch the average homosexual and you will find a pedophile" Kevin Bishop (homosexual)
 
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red baron
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Re: Perfect storm gathers for the Housing Market
Reply #27 - Mar 19th, 2017 at 3:01pm
 
The O.E.C.D. has said that the Housing market in Australia particularly Sydney is over heated. When houses start rising in price more than London and New York you just know there is something rotten in Denmark

This is a house of cards and once the interest rates gallop which IDS predicted this year and has already started with the Big Four leading the charge. Predictions are that that interest rates will rise by 3% this year alone

Once you see places start going on the market at an accelerated rate then it is time to bail. In fact right now is the time to bail because you can still get the big money. Watch what happens when people with big mortgages who can't withstand a 3% rise will capitulate. When that happens the cookie will crumble and the prices will tumble

This year will be the year of the big crasheroo particularly in Sydney where house prices are a sick joke

It is like the Emperors New Clothes suddenly one day soon people will say "hang on...a million for a 50 year old fibro with everything broken and 2 bedrooms"  When that happens the castle will fall

The rising interest rates spell doom for the boom
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Sir Bobby
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Re: Perfect storm gathers for the Housing Market
Reply #28 - Mar 19th, 2017 at 3:48pm
 
red baron wrote on Mar 19th, 2017 at 3:01pm:
The O.E.C.D. has said that the Housing market in Australia particularly Sydney is over heated. When houses start rising in price more than London and New York you just know there is something rotten in Denmark

This is a house of cards and once the interest rates gallop which IDS predicted this year and has already started with the Big Four leading the charge. Predictions are that that interest rates will rise by 3% this year alone

Once you see places start going on the market at an accelerated rate then it is time to bail. In fact right now is the time to bail because you can still get the big money. Watch what happens when people with big mortgages who can't withstand a 3% rise will capitulate. When that happens the cookie will crumble and the prices will tumble

This year will be the year of the big crasheroo particularly in Sydney where house prices are a sick joke

It is like the Emperors New Clothes suddenly one day soon people will say "hang on...a million for a 50 year old fibro with everything broken and 2 bedrooms"  When that happens the castle will fall

The rising interest rates spell doom for the boom


50 year old fibro with everything broken and 2 bedrooms -



They will be OK if that old house is on a reasonable amount of land.
High density housing could mean that they can build a large 2 story
townhouse & make money when they sell it.
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Extraordinary claims require extraordinary evidence.
Carl Sagan
 
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Re: Perfect storm gathers for the Housing Market
Reply #29 - Mar 19th, 2017 at 4:02pm
 
People are also forgetting that state and local governments became addicted to ever-rising rates, stamp duty receipts and land tax. If property price crashes, state governments and local governments will face increased budget deficits.
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