RBA rates up 0.25% so it's 0.35%

[Jim Lahey]

Wonder if people with house of cards real estate empires will be feeling sweaty?

They will try to jack up rent prices to pay for it.

Yep.

Lucky that won't matter to you being a houso on the dole with rent assistance

[lisa jones]

I listened to lots of TV and radio news.
Not once was money printing mentioned.

That is what has caused the inflation.
It boosted house prices by over 20% and
did the same for share prices.
People borrowed too much money to buy houses
and they even borrowed to buy shares.
All the economy is pumped up on printed money.

Not so fast. You can't just make these blanket statements Bobby.

Those of us who invested in blue chip commodities will be fine. Even after any corrections.

Many however did borrow money to invest in unwise property (and share) opportunities. These people are already experiencing mortgage stress. Why? They bought into the real estate market at the very lower but affordable end where houses looked ok but their location was absolute rubbish! Their properties will depreciate in value big time. They always do. So if you live in a regional part of Australia or in outer suburbia where bogans tend to congregate.... then you will now be thinking hard about whether you have wasted your time and money. I wouldn't want to be in the position of anyone who lives in such areas. Their mortgage will soon be higher than the value of their property.

[J o h n S m i t h]

They will try to jack up rent prices to pay for it.

that will take time. Rent are often set for the term of the lease, and unless the agent has added a clause that allows them to raise the rent mid term, they will be stuck with the rent at that price for the full term (most commonly 6 months but can be 12)

[J o h n S m i t h]

I listened to lots of TV and radio news.
Not once was money printing mentioned.

That is what has caused the inflation.
It boosted house prices by over 20% and
did the same for share prices.
People borrowed too much money to buy houses
and they even borrowed to buy shares.
All the economy is pumped up on printed money.

what a load of poppy cock.

The inflation we are experiencing is largely due to supply issues. On the issue of property, that is rising because not enough houses are being built to satisfy demand. Topped off by an excess of ready cash that they might have otherwise been used to go on holidays etc.

The only thing you got right (even if it was accidental) is that some people may have borrowed too much. But that has nothing to do with your 'printed money crap.

[Bobby]

I listened to lots of TV and radio news.
Not once was money printing mentioned.

That is what has caused the inflation.
It boosted house prices by over 20% and
did the same for share prices.
People borrowed too much money to buy houses
and they even borrowed to buy shares.
All the economy is pumped up on printed money.

what a load of poppy cock.

The inflation we are experiencing is largely due to supply issues. On the issue of property, that is rising because not enough houses are being built to satisfy demand. Topped off by an excess of ready cash that they might have otherwise been used to go on holidays etc.

The only thing you got right (even if it was accidental) is that some people may have borrowed too much. But that has nothing to do with your 'printed money crap.

Bullshit - it was caused totally by money printing from the RBA.
The banks were giving the printed money away at unheard of low interest rates.

[Aussie]

Please.......I have no problem with abuse. But, in the main threads a post must not be ONLY abuse. It must also contain a direct contribution to the topic. Thanks.