If house prices were hugely in excess of their cost of building then builders everywhere would be stashing huge mounds of cash into their banks and laughing.

However this doesn't seem to be happening. House prices represent surreptitious inflation. Everybody considers it to be a bubble. Bricklayers are not driving Rolls Royces.

Eventually this will have its effect on the A$ which will fall to represent the declining value of the currency. Denizens of this BBS have already remarked on how identical goods are often 30% or more cheaper in the USA.

The Australian dollar is grossly obese and eventually will feel hunger.

Inflation is masked in Australia by all shades of government.

The $20 four and twenty pie is coming.

The property 'boom's a result of demand inflation.

Bricks and mortor represents the best investment option for retiring baby boomers.

Cash deposits are too low and the share market too risky.

Property yields are in the Goldilocks zone.... :-?

It'll be great fun to see all the investors and sheeple loosing A LOT of money when the bubble bursts.

Wealth must be earned with work. Too many idiots think they have a right to get rich without honest work. Karma will claim back what they don't deserve.  8-)

gone wrote on Sep 24^th, 2014 at 2:07pm:

Wealth must be earned with work.

So baby boomer'ss retirement funds haven't been earned?  ::)


gone wrote on Sep 24^th, 2014 at 2:07pm:

Too many idiots think they have a right to get rich without honest work

....and many think that they should be paid for no work


gone wrote on Sep 24^th, 2014 at 2:07pm:

It'll be great fun to see all the investors and sheeple loosing A LOT of money when the bubble bursts.

I don't think that would be very funny at all.  You have a strange sense of humour?

Who would pay for your dole?

Swag (naughty boy)  you know full well that the majority of investment buyers are not 'baby boomers' who've earned their way - they are increasingly investment vultures cashing in on the easy come-easy go marriage industry that throws endless amounts of homes back on the market and leaves many without a home or a real chance of getting back into one.

They are money-changer parasites like Hockey and Co and  their mates who get all the leads on the latest family disaster, and the chief beneficiaries are your current crop of pirate banks, who thrive on easy lending and easy recouping from disaster.

Laugh till you cry wrote on Sep 24^th, 2014 at 1:02pm:

If house prices were hugely in excess of their cost of building then builders everywhere would be stashing huge mounds of cash into their banks and laughing. However this doesn't seem to be happening. House prices represent surreptitious inflation. Everybody considers it to be a bubble. Bricklayers are not driving Rolls Royces. Eventually this will have its effect on the A$ which will fall to represent the declining value of the currency. Denizens of this BBS have already remarked on how identical goods are often 30% or more cheaper in the USA. The Australian dollar is grossly obese and eventually will feel hunger. Inflation is masked in Australia by all shades of government. The $20 four and twenty pie is coming.

sheer drivel.

So you think it's drivel do you ?

This dude predicted the housing market collapse in the US ;)


Quote:

'Dr Doom' Nouriel Roubini’s firm warns of 20% Australian dollar slump The slowdown in China and a tighter federal budget will pull Australia's growth down to as low as 2 per cent next year, prompting interest rate cuts and a 20 per cent slump in the value of the Australian dollar, a prestigious global forecaster says. Roubini Global Economics, founded by renowned US economist Nouriel 'Dr Doom' Roubini, says slowing Chinese growth will hit commodity prices and Australian export volumes, while domestic consumer and investment weakness will continue to drag on the country's gross domestic product. Dr Roubini himself earned the "Dr Doom" moniker through consistently bearish analysis, exemplified by his accurate prediction of the 2008 US housing market crash and the global financial crisis that precipitated from it. Dr Nouriel Roubini, co-founder and chairman of Roubini Global Economics. Dr Nouriel Roubini, co-founder and chairman of Roubini Global Economics. Photo: Bloomberg The Roubini report describes the federal government's fiscal austerity as "poorly timed" and sees GDP growth slowing from just below 3 per cent to below 2 per cent for 2015, after ending this year at 2.9 per cent. The outlook is by far the most downbeat so far published on Australia, and contrasts with an almost consensus view that the economy, although not robust, is in fairly good shape and should improve throughout next year. At the same time, however, a growing number of economists have begun qualifying their more upbeat view of Australia with warnings about the magnitude of China's credit and property market problems. "Domestically, mining output is still strong, but investment in the sector is not, and iron ore prices are plummeting," wrote Roubini's local analyst David Nowakowski. "Although some easing of China's credit crunch will help Australian exports in the short run, we see lower Chinese growth in 2015 as a headwind that will weaken Australia's growth and inflation next year, and weigh on growth-orientated assets such as equities and the Australian dollar." Mr Nowakowski said flagging growth and low inflation would create room for the Reserve Bank of Australia to make a "cut or two in interest rates, to 2 per cent". This would help drive the Australian dollar down as the US Federal Reserve started to lift interest rates, he said. "The Australian dollar is likely to weaken to below US75¢ - a fall of around 20 per cent - on a combination of the lower interest rate differential and slumping GDP growth, with commodity price effects outweighing volumes," he said. The local unit was fetching about US89.50¢ in early afternoon trade on Monday, up slightly on the day. After recovering slightly throughout last week, the price of iron more settled down again on Friday at a new five-year low of $US81.70 a tonne. The bearish Roubini report also identifies Australia's housing boom as "increasingly out of line with fundamentals", including demand for goods and services and the unemployment rate. Dr Roubini founded Roubini Global Economics in 2004. Read more: http://www.smh.com.au/business/the-economy/dr-doom-nouriel-roubini8217s-firm-warns-of-20-australian-dollar-slump-20140922-10kc2e.html#ixzz3E5Zl76gH

Sir lastnail wrote on Sep 24^th, 2014 at 5:01pm:

So you think it's drivel do you ? This dude predicted the housing market collapse in the US ;) Quote: 'Dr Doom' Nouriel Roubini’s firm warns of 20% Australian dollar slump The slowdown in China and a tighter federal budget will pull Australia's growth down to as low as 2 per cent next year, prompting interest rate cuts and a 20 per cent slump in the value of the Australian dollar, a prestigious global forecaster says. Roubini Global Economics, founded by renowned US economist Nouriel 'Dr Doom' Roubini, says slowing Chinese growth will hit commodity prices and Australian export volumes, while domestic consumer and investment weakness will continue to drag on the country's gross domestic product. Dr Roubini himself earned the "Dr Doom" moniker through consistently bearish analysis, exemplified by his accurate prediction of the 2008 US housing market crash and the global financial crisis that precipitated from it. Dr Nouriel Roubini, co-founder and chairman of Roubini Global Economics. Dr Nouriel Roubini, co-founder and chairman of Roubini Global Economics. Photo: Bloomberg The Roubini report describes the federal government's fiscal austerity as "poorly timed" and sees GDP growth slowing from just below 3 per cent to below 2 per cent for 2015, after ending this year at 2.9 per cent. The outlook is by far the most downbeat so far published on Australia, and contrasts with an almost consensus view that the economy, although not robust, is in fairly good shape and should improve throughout next year. At the same time, however, a growing number of economists have begun qualifying their more upbeat view of Australia with warnings about the magnitude of China's credit and property market problems. "Domestically, mining output is still strong, but investment in the sector is not, and iron ore prices are plummeting," wrote Roubini's local analyst David Nowakowski. "Although some easing of China's credit crunch will help Australian exports in the short run, we see lower Chinese growth in 2015 as a headwind that will weaken Australia's growth and inflation next year, and weigh on growth-orientated assets such as equities and the Australian dollar." Mr Nowakowski said flagging growth and low inflation would create room for the Reserve Bank of Australia to make a "cut or two in interest rates, to 2 per cent". This would help drive the Australian dollar down as the US Federal Reserve started to lift interest rates, he said. "The Australian dollar is likely to weaken to below US75¢ - a fall of around 20 per cent - on a combination of the lower interest rate differential and slumping GDP growth, with commodity price effects outweighing volumes," he said. The local unit was fetching about US89.50¢ in early afternoon trade on Monday, up slightly on the day. After recovering slightly throughout last week, the price of iron more settled down again on Friday at a new five-year low of $US81.70 a tonne. The bearish Roubini report also identifies Australia's housing boom as "increasingly out of line with fundamentals", including demand for goods and services and the unemployment rate. Dr Roubini founded Roubini Global Economics in 2004. Read more: http://www.smh.com.au/business/the-economy/dr-doom-nouriel-roubini8217s-firm-warns-of-20-australian-dollar-slump-20140922-10kc2e.html#ixzz3E5Zl76gH

There is not a single debate you cannot and do not turn into the housing price saga.  To you there are no other problems in the world - just housing prices.  Solve terrorism? drop house prices. Cure cancer? get rid of negative gearing.

Speaking of gears.... you've stripped yours.

Quote:

There is not a single debate you cannot and do not turn into the housing price saga.  To you there are no other problems in the world - just housing prices.  Solve terrorism? drop house prices. Cure cancer? get rid of negative gearing. Speaking of gears.... you've stripped yours.

Solve Lostweekend58's alcoholism problem - fat chance!

Solve Lostweekend58's sheer drivel problem - fat chance!

Solve Lostweekend58's problem with his being rejected, ejected and dejected - fat chance!

longweekend58 wrote on Sep 24^th, 2014 at 5:22pm:

There is not a single debate you cannot and do not turn into the housing price saga.  To you there are no other problems in the world - just housing prices.  Solve terrorism? drop house prices. Cure cancer? get rid of negative gearing. Speaking of gears.... you've stripped yours.

and like most libbos you've got nothing of value to add because you hate the idea of joe battler getting  a good deal in life. You just want to see everyone suffer whilst some suit and tie CEO prick lines his pocket with way more than what he really needs :(

Sir lastnail wrote on Sep 24^th, 2014 at 6:13pm:

longweekend58 wrote on Sep 24th, 2014 at 5:22pm: There is not a single debate you cannot and do not turn into the housing price saga.  To you there are no other problems in the world - just housing prices.  Solve terrorism? drop house prices. Cure cancer? get rid of negative gearing. Speaking of gears.... you've stripped yours. and like most libbos you've got nothing of value to add because you hate the idea of joe battler getting  a good deal in life. You just want to see everyone suffer whilst some suit and tie CEO prick lines his pocket with way more than what he really needs :(

Dripping with envy.  Save a deposit and buy a place, you will find it much more satisfying than renting or living with your patents.  Though I suppose a job is required, how's it going on that front?

Datalife wrote on Sep 24^th, 2014 at 6:25pm:

Sir lastnail wrote on Sep 24th, 2014 at 6:13pm: longweekend58 wrote on Sep 24th, 2014 at 5:22pm: There is not a single debate you cannot and do not turn into the housing price saga.  To you there are no other problems in the world - just housing prices.  Solve terrorism? drop house prices. Cure cancer? get rid of negative gearing. Speaking of gears.... you've stripped yours. and like most libbos you've got nothing of value to add because you hate the idea of joe battler getting  a good deal in life. You just want to see everyone suffer whilst some suit and tie CEO prick lines his pocket with way more than what he really needs :( Dripping with envy.  Save a deposit and buy a place, you will find it much more satisfying than renting or living with your patents.  Though I suppose a job is required, how's it going on that front?

Ive never seen anyone quite so focussed that EVERY issue has the same solution. negative gearing.  I wonder if it can cure poverty and AIDS?

Sir lastnail wrote on Sep 24^th, 2014 at 6:13pm:

longweekend58 wrote on Sep 24th, 2014 at 5:22pm: There is not a single debate you cannot and do not turn into the housing price saga.  To you there are no other problems in the world - just housing prices.  Solve terrorism? drop house prices. Cure cancer? get rid of negative gearing. Speaking of gears.... you've stripped yours. and like most libbos you've got nothing of value to add because you hate the idea of joe battler getting  a good deal in life. You just want to see everyone suffer whilst some suit and tie CEO prick lines his pocket with way more than what he really needs :(

nope just would like people to fund themselves instead of sponging out of everyone else's pocket

Swagman wrote on Sep 24^th, 2014 at 7:38pm:

Sir lastnail wrote on Sep 24th, 2014 at 6:13pm: longweekend58 wrote on Sep 24th, 2014 at 5:22pm: There is not a single debate you cannot and do not turn into the housing price saga.  To you there are no other problems in the world - just housing prices.  Solve terrorism? drop house prices. Cure cancer? get rid of negative gearing. Speaking of gears.... you've stripped yours. and like most libbos you've got nothing of value to add because you hate the idea of joe battler getting  a good deal in life. You just want to see everyone suffer whilst some suit and tie CEO prick lines his pocket with way more than what he really needs :( nope just would like people to fund themselves instead of sponging out of everyone else's pocket

I take it then that you are going to provide them with the genuine opportunity, by offering work, fair wages in relation to costs of living, and ceilings on housing prices etc, to do so?

Swagman Enterprises - we employ those that nobody else will (bit like the company that employs Andrei).....