Heading for a crash

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kfchugo
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Re: Heading for a crash

Post by kfchugo » 22 Jun 2017, 07:39

While I agree that we are very good at immigrant bashing - I dont see much money in it for us. Perhaps we should find a more affluent group to bash?

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 22 Jun 2017, 08:43

Billionaires, starting with Murdoch!

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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 22 Jun 2017, 10:16

There is an old saying: bad news travels fast, good news travels slowly.
our exports are good. unemployment is low, inflation is low.
There are all sorts of doomsday scenarios that can be thought up.
gonna ..coulda ....shoulda.
7 billion people in the world, even if 100 million die in wars, that leaves 6.9 billion.
all breeding like rabbits and wanting food, clothing, shelter and iphones.
In short the world seems to muddle thru, much like Malcolm trumbles legislation. :lol: :lol: :lol:

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 22 Jun 2017, 12:35

Don't be deceived by the unemployment figure. Underemployment is a significant problem. Full-time jobs have been in decline for a long time. Growth is in part-time work instead. Also, you're considered employed even if you work only one hour per week.

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 23 Jun 2017, 07:19


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Perrorist
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Re: Heading for a crash

Post by Perrorist » 03 Jul 2017, 08:23


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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 03 Jul 2017, 09:33

The freaky thing about the housing bubble is the number of properties that have no one living in them
Investors buy a property and keep it empty, maybe to keep it in pristine condition?
and make it easier to sell with no pesky tenants to get rid of.
They do the same in China.
It was mentioned on 'Filthy Rich and homeless' the number of empty homes far exceeds the number of homeless in melbourne.

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 03 Jul 2017, 10:36

I know that Hong Kong Chinese have been buying property as a bolt-hole in case China completely clamps down on the colony. Some of the empty properties may also have been bought as long-term investments, hoping for considerable capital appreciation. A bit risky when you buy at the top of the market.

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lynny
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Re: Heading for a crash

Post by lynny » 03 Jul 2017, 13:34

.
Seen on TV recently.......in Byron Bay almost 20% of houses are investor owned as part of their get rich quick Air B&B schemes. Result - locals can't afford a house in their home town or find themselves a rental property.

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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 03 Jul 2017, 19:10

was wondering about air BNB. who does all the cleaning/prepping?
its like running a flat as a motel room innit?

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lynny
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Re: Heading for a crash

Post by lynny » 03 Jul 2017, 19:49

.
I know of a couple of people who do it. At the prices they charge it's nothing to get a cleaner in for a couple of hours. It's very profitable.

mavisbramston
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Re: Heading for a crash

Post by mavisbramston » 04 Jul 2017, 12:14

It breaks my heart seeing every patch of land being built on. I bought here to listen to the birds , watch the kangaroos. They are being driven. I am incredibly sad watching these majestic kangaroos losing their habitat. Ok we need housing gut lets not build on every available space. We have lovely hills behind us. I hope I go before they do.
I know we cant stop it but no one said I had to like it.
Trouble is when I express my concerns about immigration I end up on the side of people like Hansen.

mavisbramston
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Re: Heading for a crash

Post by mavisbramston » 04 Jul 2017, 12:29

Airbnb can be full of problems. Often the adds are nothing like the place you are going to stay in. They are always over priced.
On the other hand if its your own home be very careful. If they have kids they often trash your house. It fan work but make sure you have someone checking things out.

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 10 Jul 2017, 08:37

Another interesting article from the ABC:

Globalisation failed our youth

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terra
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Re: Heading for a crash

Post by terra » 10 Jul 2017, 09:44

mavisbramston wrote:
04 Jul 2017, 12:14
It breaks my heart seeing every patch of land being built on. I bought here to listen to the birds , watch the kangaroos. They are being driven. I am incredibly sad watching these majestic kangaroos losing their habitat. Ok we need housing gut lets not build on every available space. We have lovely hills behind us. I hope I go before they do.
I know we cant stop it but no one said I had to like it.
Trouble is when I express my concerns about immigration I end up on the side of people like Hansen.
I feel exactly what you're feeling Mavis.
Sydney population increasing more than 1600 each week..... Melbourne population increasing more than 1800 each week.
The urban mass is spreading outwards like a giant festering, cancerous sore......swallowing up rural valleys and pasture lands and replacing the green with gettos.
Infrastructure can never keep Pace with the sprawl.
Australian is a huge place..... why on Earth do we keep building houses on just 5% of the total land mass ?

"If you are an Australian and believe that Australia has such a land shortage that the cost of real estate across Australia is justified, I strongly suggest purchasing a plane ticket to Japan and travel their countryside and visit their cities."

This is worth reading:
http://blog.australiaboomtobust.com/tag/land/
"Life's too short to drink cheap wine".

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