i cant believe we Australians are not kicking up a fuss about this, future generations will never move out of home , search on YouTube has not got much on this topic (old stuff), you pay $800k for a run down property, i hope the interest rates hit the roof, the greedy who pushed up the prices will then pay for their stupidity.
You should know that Bernie is actually homeless and speaks from his research and heart for the situation here in Australia. He is quite knowledgeable and well researched.
mr Rudd good man, he make i rich i have 10 house now and goverment give me money, he namber 1 man. assie not smart, my children have house for first home byer, get good rent money. Mr rudd numbar 1, you have respect for boss.
Some good observations there. My own research using freely available RBA data shows us entering an area of 25% annual wage increases for a few years even though job numbers will be down(first time since hawke/keating), combined with a matching drop in house prices will lead to affordability once more, the greedy speculators are dead for another 20 years, bewdy! Stick to liquid commodities for income streams instead of adding to the banks book value(the greedy bastards).
It's called greed nothing more nothing less. The extra first home buyers grant will just fuel more greed. I suppose if everybody was comfortable and owned their own house, there would be little incentive to go to work in a crap job!
Some good points raised. I think it is important to also note the rort that is Negative Gearing. Australia, New Zealand and Canada are currently the only countries in the world that adopt this unfair property price inflator.
Unfortunately, a lot of people will lose money and possibly their property during the credit crunch. Bad monetary policy in the as well as within Australia. Would be great to move to Europe but I don't think they will fair much better. Good luck to all.
Some very worthwhile points are made during this forum by Bernie. For more information on the housing affordability problem, see the "End of Affordability" series of videos by Wildhiland on YouTube.
This comment has received too many negative votesshow
oh cry me a fucking river what some rich cunts or donald trump wannabes lose money on there houses that have been negative geared.Big deal i just think its about time first home buyers have been given a chance.Cant live with your parents or rent forever.
Then dont live there move the fk out of that country.
Taxminia0311 11 months ago
we are still boooomming and one day i hope it will burst and i will be the fisrt to smile and i can buy my fisrt home. iwish!
erictjie 1 year ago
There's no shortage of land, but people don't want to live out of the metro areas, let alone work outside of them.
Stubborn people these days, but it's as simple as that.
Eagertman 2 years ago 2
i cant believe we Australians are not kicking up a fuss about this, future generations will never move out of home , search on YouTube has not got much on this topic (old stuff), you pay $800k for a run down property, i hope the interest rates hit the roof, the greedy who pushed up the prices will then pay for their stupidity.
adamkow3166 2 years ago 2
We all know property will crash by 50% in 2010, and intrest rates are set to hit 17% in the next two years... god save us all.
bphillimore 2 years ago
Comment removed
adamkow3166 2 years ago
@bphillimore total nonense
banksy35 1 year ago
You should know that Bernie is actually homeless and speaks from his research and heart for the situation here in Australia. He is quite knowledgeable and well researched.
nealtaylor 2 years ago
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mr Rudd good man, he make i rich i have 10 house now and goverment give me money, he namber 1 man. assie not smart, my children have house for first home byer, get good rent money. Mr rudd numbar 1, you have respect for boss.
lehong1963 2 years ago
that is y i invest in Thailand
buyrealestateat 2 years ago
Comment removed
fungulotualatuarazza 3 years ago
Some good observations there. My own research using freely available RBA data shows us entering an area of 25% annual wage increases for a few years even though job numbers will be down(first time since hawke/keating), combined with a matching drop in house prices will lead to affordability once more, the greedy speculators are dead for another 20 years, bewdy! Stick to liquid commodities for income streams instead of adding to the banks book value(the greedy bastards).
iiKENii 3 years ago
housing is a fucking joke in australia average wage 50k average house 500k how the fuck are you supposed to pay that off.
67675656565655656565 3 years ago
so true..., because its all a big government regulated, market distorting, industry benefiting, price inflating, slave inducing scam!
danofsydney 3 years ago
interesting and informative talk
90bill90 3 years ago
your spot on Bernie, its a big scam!
babanormal33 3 years ago
You want to try buying a house in England mate, at least you have nice weather over there.
politirel 3 years ago
It's called greed nothing more nothing less. The extra first home buyers grant will just fuel more greed. I suppose if everybody was comfortable and owned their own house, there would be little incentive to go to work in a crap job!
pauloz386 3 years ago
Some good points raised. I think it is important to also note the rort that is Negative Gearing. Australia, New Zealand and Canada are currently the only countries in the world that adopt this unfair property price inflator.
HomieG70 3 years ago
stop whinging
Magnum1978 3 years ago
I agree... very informative.
Unfortunately, a lot of people will lose money and possibly their property during the credit crunch. Bad monetary policy in the as well as within Australia. Would be great to move to Europe but I don't think they will fair much better. Good luck to all.
lokir 3 years ago
Some very worthwhile points are made during this forum by Bernie. For more information on the housing affordability problem, see the "End of Affordability" series of videos by Wildhiland on YouTube.
Wildhiland 3 years ago
This comment has received too many negative votes show
oh cry me a fucking river what some rich cunts or donald trump wannabes lose money on there houses that have been negative geared.Big deal i just think its about time first home buyers have been given a chance.Cant live with your parents or rent forever.
67675656565655656565 3 years ago
One of the most informative speakers you've had on your forum for a while, great stuff and good to see.
jmaros15 3 years ago