Australian Politics Forum - Australia vs Ireland Property Bubble

Laugh till you cry Gold Member Offline Posts: 16619 In your happy place Gender:	Re: Australia vs Ireland Property Bubble - frightening Reply #30 - Feb 19^th, 2014 at 11:38pm ian wrote on Feb 19^th, 2014 at 11:19pm: Property in australia is cheap. Genocide is morally expensive.
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stevieboy Full Member Offline Australian Politics Posts: 110 Gender:	Re: Australia vs Ireland Property Bubble - frightening Reply #31 - Feb 20^th, 2014 at 6:25am ian wrote on Feb 19^th, 2014 at 11:19pm: Property in australia is cheap. If you think so and it's about to get a whole lot cheaper. The USA hasn't had its real GFC yet, that's coming, it's just they forgot what caused the 2008 event.
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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: Australia vs Ireland Property Bubble - frightening Reply #32 - Feb 20^th, 2014 at 6:45am ian it is if you want to live in Bourke, Sydney not so cheap huh?
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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: Australia vs Ireland Property Bubble - frightening Reply #33 - Feb 20^th, 2014 at 6:45am #
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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: Australia vs Ireland Property Bubble - frightening Reply #34 - Feb 20^th, 2014 at 7:20am thelastnail - Everyone who owns or wants to own property in Sydney should watch your video, it says it all.
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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: Australia vs Ireland Property Bubble - frightening Reply #35 - Feb 20^th, 2014 at 7:20am @
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ImSpartacus2

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Re: Australia vs Ireland Property Bubble - frightening
Reply #36 - Feb 20^th, 2014 at 7:42am

The people who caused the GFC and scammed us with their BS that the low wage high corporate profit years of the 90s and 2000s were prosperous years (easily accessible but not necessarily cheap credit, mistaken for prosperity) are the same people lecturing us in this video about how to fix things (FOR THEM). If you want to back that horse again then you really are a fool. Also. make no mistake, if you back that horse again it will definatly be the end of capitalism. The people dont have it in them to put up with another GFC and another GFC it will be when these people let loose the greed again. Crap video

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Redmond Neck

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Re: Australia vs Ireland Property Bubble - frightening
Reply #37 - Feb 20^th, 2014 at 8:28am

Very interesting documentry!

While I do worry about the Australian property market being in a bubble, I think we are no where in as bad a situation as was Ireland before the bubble burst.

Firstly we dont have a massive building boom of housing by speculators. (Interestingly that was also what happened in Spain)

Also I dont think our banks are lending to all and sundry like in Ireland (and USA) where the borrowers are way in over their heads.

I do think something should be done to take pressure off the prices in places like Sydney, perhaps more land releases or a tightening up on the negative gearing lurk. Not that changes to Negative Gearing has any hope of happening as most politicians probably have their own snouts in that trough.

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BAN ALL THESE ABO SITES RECOGNITIONS.

ALL AUSTRALIA IS FOR ALL AUSTRALIANS!

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viewpoint Gold Member Offline A joke is a very serious thing. [Winston] Posts: 2209 Gender:	Re: Australia vs Ireland Property Bubble - frightening Reply #38 - Feb 20^th, 2014 at 8:35am John Smith wrote on Feb 19^th, 2014 at 6:13pm: Bobby. wrote on Feb 19^th, 2014 at 6:09pm: Nail is right & all you doubting Thomas's will repent one day. who's Thomas? The tank engine........ There ya go señora
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GA

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Re: Australia vs Ireland Property Bubble - frightening
Reply #39 - Feb 21^st, 2014 at 9:58am

Redmond Neck wrote on Feb 20^th, 2014 at 8:28am:

Very interesting documentry!

While I do worry about the Australian property market being in a bubble, I think we are no where in as bad a situation as was Ireland before the bubble burst.

There wouldn't be a financial crisis resulting if our housing Hindenburg were to go down in flames, because our situation is a demand vs availability problem. And it's not cheap & easy credit causing an oversupply situation (as you've pointed out below).

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Firstly we dont have a massive building boom of housing by speculators. (Interestingly that was also what happened in Spain)

Investors invest in new developments, speculators buy up overpriced existing buildings, splash some paint about and put them back on the market at even more inflated prices. These people are in effect parasites, because there is no net gain to the country involved in these type of transactions, there is only hardship being created.

Quote:

Also I dont think our banks are lending to all and sundry like in Ireland (and USA) where the borrowers are way in over their heads.

No cheap mortgages in Aussieland, everything here is a rip-off.

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I do think something should be done to take pressure off the prices in places like Sydney, perhaps more land releases or a tightening up on the negative gearing lurk. Not that changes to Negative Gearing has any hope of happening as most politicians probably have their own snouts in that trough.

Sydney is already a sprawling mess, why make it worse. There is plenty of land in this country, and unlike Ireland it's not useful rural land. But the only way we are going to decentralize in an acceptable way is to get rid of the 'Aussie' influence out of government. It's our Aussiness that keeps us huddled together, combine that with the low ethical standards we'd expect from a bunch of ex-convicts, you get high prices (for everything).

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Sir lastnail

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Re: Australia vs Ireland Property Bubble - frightening
Reply #40 - Feb 21^st, 2014 at 6:24pm

Redmond Neck wrote on Feb 20^th, 2014 at 8:28am:

Very interesting documentry!

While I do worry about the Australian property market being in a bubble, I think we are no where in as bad a situation as was Ireland before the bubble burst.

Firstly we dont have a massive building boom of housing by speculators. (Interestingly that was also what happened in Spain)

Also I dont think our banks are lending to all and sundry like in Ireland (and USA) where the borrowers are way in over their heads.

I do think something should be done to take pressure off the prices in places like Sydney, perhaps more land releases or a tightening up on the negative gearing lurk. Not that changes to Negative Gearing has any hope of happening as most politicians probably have their own snouts in that trough.

We have the 100% loans just like they had in Ireland. Where my mother lives nearly every second house has been pulled down and usually two or more are built in its place.

I saw one joint that was pulled down that had recently been renovated not so long ago. Don't worry the debt fueled property binge is live and well here Sad

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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