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Boris Gold Member Offline Australian Politics Posts: 4456 Gender:	Housing Crash Aug 25^th, 2022 at 4:47pm In the US the Housing Crash has started
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Brian Ross Gold Member Offline Representative of me Posts: 46311	Re: Housing Crash Reply #1 - Aug 26^th, 2022 at 4:24pm Who cares?
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Boris Gold Member Offline Australian Politics Posts: 4456 Gender:	Re: Housing Crash Reply #2 - Aug 31^st, 2022 at 8:14am Housing Bubble Crashes - or Property Bubble Crashes - are the worst. Japan had a Property Bubble and a Stock Market Bubble that burst in 1989 They have never recovered from it and neither will we.
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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Housing Crash Reply #3 - Aug 31^st, 2022 at 8:47am Boris wrote on Aug 25^th, 2022 at 4:47pm: In the US the Housing Crash has started The US is very different to here.
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Boris Gold Member Offline Australian Politics Posts: 4456 Gender:	Re: Housing Crash Reply #4 - Aug 31^st, 2022 at 4:21pm Our Housing Bubble is worse
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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: Housing Crash Reply #5 - Aug 31^st, 2022 at 4:24pm Boris wrote on Aug 31^st, 2022 at 4:21pm: Our Housing Bubble is worse you're wrong
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random Gold Member Offline Australian Politics Posts: 2637 Gender:	Re: Housing Crash Reply #6 - Aug 31^st, 2022 at 5:09pm John Smith wrote on Aug 31^st, 2022 at 8:47am: Boris wrote on Aug 25^th, 2022 at 4:47pm: In the US the Housing Crash has started The US is very different to here. Yes, if you cannot pay your mortgage there, you leave the keys in the door a walk a free man. Here, the debt follows you.
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John Smith

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Re: Housing Crash
Reply #7 - Aug 31^st, 2022 at 5:27pm

random wrote on Aug 31^st, 2022 at 5:09pm:

John Smith wrote on Aug 31^st, 2022 at 8:47am:

Boris wrote on Aug 25^th, 2022 at 4:47pm:

In the US the Housing Crash has started

The US is very different to here.

Yes, if you cannot pay your mortgage there, you leave the keys in the door a walk a free man.

Here, the debt follows you.

yes ... and when to many walk away you have a crash like during the GFC in the US where you could buy a house for $500.

thats not going to happen here. no one is going to walk away and people typically won't sell if they're going to make a loss. They'll just hang on and ride it out

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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random

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Re: Housing Crash
Reply #8 - Aug 31^st, 2022 at 5:35pm

John Smith wrote on Aug 31^st, 2022 at 5:27pm:

random wrote on Aug 31^st, 2022 at 5:09pm:

John Smith wrote on Aug 31^st, 2022 at 8:47am:

Boris wrote on Aug 25^th, 2022 at 4:47pm:

In the US the Housing Crash has started

The US is very different to here.

Yes, if you cannot pay your mortgage there, you leave the keys in the door a walk a free man.

Here, the debt follows you.

yes ... and when to many walk away you have a crash like during the GFC in the US where you could buy a house for $500.

thats not going to happen here. no one is going to walk away and people typically won't sell if they're going to make a loss. They'll just hang on and ride it out

No, they get kicked out, and are sometimes homeless with a debt.

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So many farkwits, so little time.

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John Smith

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Re: Housing Crash
Reply #9 - Aug 31^st, 2022 at 6:19pm

random wrote on Aug 31^st, 2022 at 5:35pm:

John Smith wrote on Aug 31^st, 2022 at 5:27pm:

random wrote on Aug 31^st, 2022 at 5:09pm:

John Smith wrote on Aug 31^st, 2022 at 8:47am:

Boris wrote on Aug 25^th, 2022 at 4:47pm:

In the US the Housing Crash has started

The US is very different to here.

Yes, if you cannot pay your mortgage there, you leave the keys in the door a walk a free man.

Here, the debt follows you.

yes ... and when to many walk away you have a crash like during the GFC in the US where you could buy a house for $500.

thats not going to happen here. no one is going to walk away and people typically won't sell if they're going to make a loss. They'll just hang on and ride it out

No, they get kicked out, and are sometimes homeless with a debt.

nah, the number who have their homes repossessed is not enough to cause a crash

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Jovial Monk Gold Member Offline Dogs not cats! Posts: 51474 Gender:	Re: Housing Crash Reply #10 - Sep 1^st, 2022 at 12:12pm Not doing too bad in this “crash” so far: Mum’s house sold for much more than I thought it would and I just sold a block of land in Tassie for a very good price. Now housing can crash so I get a great house cheap
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random

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Re: Housing Crash
Reply #11 - Sep 1^st, 2022 at 2:55pm

John Smith wrote on Aug 31^st, 2022 at 6:19pm:

random wrote on Aug 31^st, 2022 at 5:35pm:

John Smith wrote on Aug 31^st, 2022 at 5:27pm:

random wrote on Aug 31^st, 2022 at 5:09pm:

John Smith wrote on Aug 31^st, 2022 at 8:47am:

Boris wrote on Aug 25^th, 2022 at 4:47pm:

In the US the Housing Crash has started

The US is very different to here.

Yes, if you cannot pay your mortgage there, you leave the keys in the door a walk a free man.

Here, the debt follows you.

yes ... and when to many walk away you have a crash like during the GFC in the US where you could buy a house for $500.

thats not going to happen here. no one is going to walk away and people typically won't sell if they're going to make a loss. They'll just hang on and ride it out

No, they get kicked out, and are sometimes homeless with a debt.

nah, the number who have their homes repossessed is not enough to cause a crash

Families get evicted if they fail to make repayments on their loan. Multiples of those do not cause a crash, they are the result of a crash. Resale values less than the payout figure on the loan and they are with out a home, but still with the debt which means they cannot get another loan.

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So many farkwits, so little time.

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John Smith

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Re: Housing Crash
Reply #12 - Sep 1^st, 2022 at 3:57pm

random wrote on Sep 1^st, 2022 at 2:55pm:

Families get evicted if they fail to make repayments on their loan. Multiples of those do not cause a crash, they are the result of a crash.

no, property has been booming (the opposite of crash) the last 3 years or so, and every single month I've received a list of properties that were repossessed during that month so if people get evicted it's usually for their own stupid fault. Never over commit. Buy what you can afford, not what you desire.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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random

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Re: Housing Crash
Reply #13 - Sep 1^st, 2022 at 4:31pm

John Smith wrote on Sep 1^st, 2022 at 3:57pm:

random wrote on Sep 1^st, 2022 at 2:55pm:

Families get evicted if they fail to make repayments on their loan. Multiples of those do not cause a crash, they are the result of a crash.

no, property has been booming (the opposite of crash) the last 3 years or so, and every single month I've received a list of properties that were repossessed during that month so if people get evicted it's usually for their own stupid fault. Never over commit. Buy what you can afford, not what you desire.

It is not about afford or desire, it is about need. Some people struggle to keep a roof over their families heads.

Other people get a list of properties that families have been evicted from, in case they want to make money out of the tragedy.

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So many farkwits, so little time.

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Jasin Gold Member Online Posts: 56818 Gender:	Re: Housing Crash Reply #14 - Sep 1^st, 2022 at 5:05pm Tear it down! make it crash!
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