Heading for a crash

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 20 Apr 2017, 08:47


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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 20 Apr 2017, 09:15

ROWN, Carol... Labor...... Bruny Island, TAS.... residential ......One-quarter share of a shack. :lol: :lol: :lol:

The list does not really tell us much. i've heard one guy in parliament has 200 investment properties.

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Slapsy
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Re: Heading for a crash

Post by Slapsy » 20 Apr 2017, 13:26

Part of the brain washing exercise,when elected to parliament,must be to buy property in the ACT. It is amazing how many of them have investment properties in the area,no doubt paid for by the taxpayers.

:eek :eek :flaming_mad
The punters know that the horse called Morality rarely gets past the post,whereas the nag called Self-interest always runs a good race. ..... Gough Whitlam 19/10/89

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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 20 Apr 2017, 14:05

Joe hockey rented a property owned by his wife didn't he?????? :character-oldtimer: :character-oldtimer: :character-oldtimer:

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Slapsy
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Re: Heading for a crash

Post by Slapsy » 20 Apr 2017, 17:06

I believe Turnbull might use the same rort. :flaming_mad
The punters know that the horse called Morality rarely gets past the post,whereas the nag called Self-interest always runs a good race. ..... Gough Whitlam 19/10/89

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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 26 Apr 2017, 19:55

The crash has started in Western Australia.
prices have tumbled
government has 'worst set of accounts since the great depression'
as reported tonight on the 7:30 report.
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Perrorist
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Re: Heading for a crash

Post by Perrorist » 29 May 2017, 20:42


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grandduke
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Re: Heading for a crash

Post by grandduke » 30 May 2017, 07:25

What is most disturbing is along with the financial
market nothing changes, it's like a mouse on a treadmill
round and round we go with only the people losing, never
the banks who are culpable in both cases. :character-oldtimer:
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 30 May 2017, 08:41

we live in a free market economy, no one is holding a gun at your head telling you to borrow money.
so the way i see it the primary responsibility is with the borrower to be aware of market conditions
and their ability to repay a loan.
And the reserve bank is now worried about retail spending, it's fallen into a hole according to a report i saw on the ABC.
One more thing to worry about.
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grandduke
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Re: Heading for a crash

Post by grandduke » 30 May 2017, 15:40

Your Buckship may be missing a point, yes it,s up to the borrower
to ensure he covers all the aspects ie comers, dot, etc but much
of the deceptive criminality by financial advisers was hidden from
the borrower and it was only exposed at a later date making sure
the filthy banks were secure. Get my drift youth. :angry-devil:
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 31 May 2017, 18:52


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Re: Heading for a crash

Post by Perrorist » 01 Jun 2017, 08:34


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grandduke
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Re: Heading for a crash

Post by grandduke » 01 Jun 2017, 14:13

Now who was it that said never put all your
eggs in one basket. Agreeing with Mr Kraemer's assessment of China, Mr Buiter said that any slowdown in China — even a mild one — would have serious repercussions for Australia.

So once again i must ask this question of all politicians in this country
ARE YOU ASLEEP AT THE WHEEL. :character-oldtimer: because our administrator sure ain't
\:D/ \:D/ :heeheehee :heeheehee .
“You see things; and you say, ‘Why?’ But I dream things that never were; and I say, ‘Why not?’”
George Bernard Shaw

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 01 Jun 2017, 15:13

There were no kind words for Morrison.

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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 01 Jun 2017, 17:12

Looks like real estate will be a slo-mo decline rather than a rush to the exits.
Australia wide median house price fell (a bit ) during May.
On the plus side retail sales jumped in April against the trend.
so no need to leap off a tall building just yet?
remember the ghost of Steve Keen:

"On a balmy Sydney summer day, Keen reflects on taking and then losing a wager that house prices would plunge 40 per cent in the wake of the GFC. That bet resulted in Keen undertaking in 2010 a well-publicised 224 kilometre hike from Canberra to Mount Kosciuszko."

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