Australia Must Fix Its 'Spectacular Housing Bubble

[maverick73]

The city’s home prices jumped 16 percent in the 12 months through April, helping stoke record household debt and putting ownership increasingly beyond the reach of many.

Link

A world financial system where centeral banks have no desire to raise interest rates to combat housing affordability inflation...  

I wish central banks could be sued and held accountable for the mismanagement!

[TheCountOfNowhere]

21 minutes ago, maverick73 said:

The city’s home prices jumped 16 percent in the 12 months through April, helping stoke record household debt and putting ownership increasingly beyond the reach of many.

Link

A world financial system where centeral banks have no desire to raise interest rates to combat housing affordability inflation...  

I wish central banks could be sued and held accountable for the mismanagement!

The masses piling in don't get it...they're being robbed, we all are, and they don't realise. The bankers have played a blinder.

[BorrowToLeech]

42 minutes ago, maverick73 said:

The city’s home prices jumped 16 percent in the 12 months through April, helping stoke record household debt and putting ownership increasingly beyond the reach of many.

Link

A world financial system where centeral banks have no desire to raise interest rates to combat housing affordability inflation...  

I wish central banks could be sued and held accountable for the mismanagement!

Nothing to do with central banks or interest rates.  

Australia, like Britain and Canada, and Sweden has a terrible shortage of houses:

https://www.businessinsider.com.au/charts-australias-significant-housing-shortgage-2016-3

You see, the increasing wealth of the Chinese and the Indians has put enormous pressure on earth's fragile ecosystems. 

Worldwide, the natural breeding grounds of the house are increasingly being turned into quarries or farmland.  Moreover, the plastic being released into the oceans is actually toxic to houses when they are in their larval stage. 

The net result is that houses are an endangered species globally.  By 2030, it is likely that there will be no houses left, and humans be forced either to return to a nomadic lifestyle or to rent.

Edited May 31, 2017 by DrBuyToLeech

[longgone]

3 hours ago, TheCountOfNowhere said:

The masses piling in don't get it...they're being robbed, we all are, and they don't realise. The bankers have played a blinder.

sounds like the masses should stop paying rent or mortgages . 

see how long they would last , yeah repo them all if you like. No chance  and if they do let the banks board them up then the renters just squat in them . en masse 

[Maynardgravy]

9 hours ago, DrBuyToLeech said:

Nothing to do with central banks or interest rates.  

Australia, like Britain and Canada, and Sweden has a terrible shortage of houses:

https://www.businessinsider.com.au/charts-australias-significant-housing-shortgage-2016-3

You see, the increasing wealth of the Chinese and the Indians has put enormous pressure on earth's fragile ecosystems. 

Worldwide, the natural breeding grounds of the house are increasingly being turned into quarries or farmland.  Moreover, the plastic being released into the oceans is actually toxic to houses when they are in their larval stage. 

The net result is that houses are an endangered species globally.  By 2030, it is likely that there will be no houses left, and humans be forced either to return to a nomadic lifestyle or to rent.

It's like nothing is ever learned from history.

The key word is 'bubble'. Once you accept it's a bubble you don't fix them, they blow!

[maverick73]

10 hours ago, DrBuyToLeech said:

Nothing to do with central banks or interest rates.  

Australia, like Britain and Canada, and Sweden has a terrible shortage of houses:

https://www.businessinsider.com.au/charts-australias-significant-housing-shortgage-2016-3

You see, the increasing wealth of the Chinese and the Indians has put enormous pressure on earth's fragile ecosystems. 

Worldwide, the natural breeding grounds of the house are increasingly being turned into quarries or farmland.  Moreover, the plastic being released into the oceans is actually toxic to houses when they are in their larval stage. 

The net result is that houses are an endangered species globally.  By 2030, it is likely that there will be no houses left, and humans be forced either to return to a nomadic lifestyle or to rent.

The country has sufficient stock of houses, unfortunately the value has ben skewed, by those in power

[Giordano Bruno]

 

17 hours ago, DrBuyToLeech said:

Nothing to do with central banks or interest rates.  

Australia, like Britain and Canada, and Sweden has a terrible shortage of houses:

https://www.businessinsider.com.au/charts-australias-significant-housing-shortgage-2016-3

You see, the increasing wealth of the Chinese and the Indians has put enormous pressure on earth's fragile ecosystems. 

Worldwide, the natural breeding grounds of the house are increasingly being turned into quarries or farmland.  Moreover, the plastic being released into the oceans is actually toxic to houses when they are in their larval stage. 

The net result is that houses are an endangered species globally.  By 2030, it is likely that there will be no houses left, and humans be forced either to return to a nomadic lifestyle or to rent.

I believe that is the agenda which the globalists, aka bilderbergers, aka banksters, have in mind for us. This is described in manifestos Agenda 21 and Agenda 2030. They don't want people to own houses but to all be cramped into high density cities in condominions while most of the world is depopulated so that the so-called elite can then swan around large areas of natural beauty without seeing any of us plebians.

[BorrowToLeech]

9 hours ago, maverick73 said:

The country has sufficient stock of houses, unfortunately the value has ben skewed, by those in power

No, it's a shortage of housing. It's always a shortage of housing.  

Everyone has to rent houses, because there aren't any houses.  Can't you see?

'When the last apartment has died, and the great herds of townhouse no longer roam the prairie, only then will we realise that people are ******ing morons' - Chief River Horse Snake Wolf Bear, last of the Patohana people, Wyoming, 1887.

Edited June 1, 2017 by DrBuyToLeech

[maverick73]

1 minute ago, DrBuyToLeech said:

No, it's a shortage of housing. It's always a shortage of housing.  

Everyone has to rent houses, because there aren't any houses.  Can't you see?  

'When the last apartment has died, and the great herds of townhouse no longer roam the prairie, only then will we realise that people are ******ing morons' - Chief River Horse Snake Wolf Bear, last of the Patohana people, Wyoming, 1887.

I see just fine... and rightmove has plenty of properties for sale.... Have a look for yourself