Oh dear... socialists think that can manipulate the market

[lisa jones]

Oi you men .. wtf is going on now ??

[Jovial Monk]

We showed what an intellectual dwarf IQ was, is all.

[IQS.RLOW]

We showed what an intellectual dwarf IQ was, is all.

Run out of K9 Jelly?

[lisa jones]

Oh so what we have here is a mere difference of opinion.

So much angst ..

[Jovial Monk]

No, we showed IQ was a windbag pure and simple.

[IQS.RLOW]

No, we showed IQ was a windbag pure and simple.

My portfolio says otherwise. What does your pension allowance say?

[Leftwinger]

Oh so what we have here is a mere difference of opinion.

So much angst ..

No, we have facts. IQ has flatulent outbursts and that's about it.

[Leftwinger]

But that's OK, it's all good. IQ can't help that he's a pitiful little wad of smegma so I guess he's allowed to be

[Leftwinger]

Property billionaire Harry Triguboff has become a major bear on Aussie real estate....

"Real estate is already dying. You can have all the planning reforms you want, but this won't help if there are no buyers," Mr Triguboff told The Australian.

"It means that I won't be buying sites (to build new apartments), not that there aren't some very good sites around. But I am waiting."

Real estate is dying says someone who has become one of Australia's richest people through real estate! Further, he doesn't appear to think that there's a shortage of land to build on.

Mr Triguboff said the new apartment market relied on Chinese buyers.

"The Chinese, they are the only buyers I have. They are the only buyers anybody has," he said.

Locals were renting, staying out of the market in a climate where interest rates were expected to rise.

This has often been mentioned but the extent to which it actually occurs has proven impossible to pin down. Foreigners should NOT be allowed to speculate in Australian residential property.

Australians will buy when rents become similar to (mortgage) repayments, but repayments are up because interest rates have risen," he said.

Mr Triguboff, the fifth-richest Australian according to Forbes magazine with a $3.4 billion fortune, said it would take another year before higher rents pushed people back into buying homes in bigger numbers.

http://www.theaustralian.com.au/busines ... 6042443912

So Harry thinks that it will take about a year for rents to rise to be comparable to mortgage repayments? There's going to need to be some very large, across-the-board rises for that to occur. Average rents will need to at least double. Problem is, pushing up rents will not make unaffordable housing more affordable, so rising rents on their own can't stimulate more housing demand....



Interest rates payable on your average mortgage aren't likely to get hugely cheaper without moving to some new paradigm....



With average house prices as a portion of average incomes around an all-time high and interest rates payable on averages mortgages around an all-time low, what sort of financial alchemy will it take to allow the average home buyer to keep taking on more and more debt so that prices can continue to rise strongly? I’m not saying it isn’t possible, just that it’s fascinating – in a morbid kind of way – to observe how far vested interests will go to keep animated what is basically a Ponzi scheme.

[lisa jones]

But that's OK, it's all good. IQ can't help that he's a pitiful little wad of smegma so I guess he's allowed to be

Ohh I wouldn't worry about IQ. He's just a sexually frustrated idiot who talks BS on forums (and even more BS in PM's).

Who in their right mind would take him seriously?

I've always enjoyed making fun of him.