tag:blogger.com,1999:blog-16601705.post114116798812472285..comments2022-10-08T17:04:16.269+11:00Comments on Housing Affordability, The Great Real Estate Rip-Off, and Entrenched Government Failures: Statement concerning the failure of governments to governUnknownnoreply@blogger.comBlogger14125tag:blogger.com,1999:blog-16601705.post-67533255705187010852009-03-21T20:33:00.000+11:002009-03-21T20:33:00.000+11:00Most of my friends and work mates dont think or wa...Most of my friends and work mates dont think or want to believe that Australia is in a huge housing price bubble at the moment. I suppose its due to the fact they just "bought into" the market.<BR/><BR/>Of course the government is in panic mode at the moment,they will try to prop the leaning tower of realestate. Well they are the major players in this game-gamble.<BR/><BR/>Thanks to the people over at global house price crash that opened my eyes to the huge housing bubble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16601705.post-75255820244319179582008-09-27T07:02:00.000+10:002008-09-27T07:02:00.000+10:00Hi SeanI know this is slightly off topic, but ther...Hi Sean<BR/><BR/>I know this is slightly off topic, but there is a bailout happening right now under our noses for the gamblers. <BR/><BR/>I object in the strongest possible terms to wasting my tax dollars to pay the gambling debts of our own sub prime lenders in an attempt to keep the bubble going for just one more electoral term.<BR/><BR/>I'm trying to get people writing and shouting here: http://bubblepedia.net.au/tiki-view_blog.php?blogId=9<BR/><BR/>all the best, keep up the fight<BR/><BR/>dbubblepediahttps://www.blogger.com/profile/07524939059701967344noreply@blogger.comtag:blogger.com,1999:blog-16601705.post-62363947511725283762008-09-10T22:56:00.000+10:002008-09-10T22:56:00.000+10:00Post date is 31 December 2008?!Post date is 31 December 2008?!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16601705.post-4191896356361172252008-08-05T13:46:00.000+10:002008-08-05T13:46:00.000+10:00http://www.youtube.com/watch?v=g5YwZySbddghttp://www.youtube.com/watch?v=g5YwZySbddgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-16601705.post-35838179149757869892008-07-17T11:03:00.000+10:002008-07-17T11:03:00.000+10:00Most direct way to make housing affordable is to l...Most direct way to make housing affordable is to lodge a letter to Treasury outling discrimination of tax system (makes them create a file for every complaint - no need to use your real name). <BR/><BR/>Treasury is responsible for tax discrimination against home buyers. Treasury has the power to end investor advantage. <BR/>Try:<BR/>http://firsthomeowner2008.googlepages.com/openlettertreasury2008<BR/><BR/>Also, I like your recommendations. The recent (June 2008) Senate report Housing Affordability had a similar listing, very comprehensive and fair.<BR/><BR/>http://www.aph.gov.au/Senate/committee/hsaf_ctte/report/b02.htm<BR/><BR/>The govt has to get over itself and stop being the Nanny State for investors. <BR/><BR/>Basically:<BR/>Investors can claim a tax deduction on Loan Interest generated by property debt<BR/><BR/>FHO / HO cannot claim Loan Interest deduction on residential property<BR/><BR/>Investors have tax advantage in common market of residential property purchase <BR/><BR/>Until this anti-competitive tax ruling is addressed unfair advantage will continue<BR/><BR/>Responsibility rests with Treasury to correct the situation<BR/><BR/>Allowing investors, but not FHO or Home Owners, to claim Loan Interest deduction is<BR/>INDIRECT DISCRIMINATION against FHO and Home Owners. <BR/><BR/>thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-16601705.post-1977095180001875282008-06-07T07:42:00.000+10:002008-06-07T07:42:00.000+10:00It'd be great if you could do a post about the CPI...It'd be great if you could do a post about the CPI and the items removed etc. I was recently in the UK for 2.5 years. I really noticed the damage of inflation on prices when I returned.<BR/><BR/>In the UK they have the RPI in addition to the CPI which is supposed to be a better measure of "true inflation". It's usually about 2% above the CPI.Anonymoushttps://www.blogger.com/profile/06340403723350864929noreply@blogger.comtag:blogger.com,1999:blog-16601705.post-19532554730903395962008-03-29T09:46:00.000+11:002008-03-29T09:46:00.000+11:00Government has failed, you well point out. One thi...Government has failed, you well point out. One thing that needs to be done is for people to vote more clearly in favour of effective government policy. To this end I have established <A HREF="http://www.australian-voters-for-affordable-housing.org" REL="nofollow"><BR/>www.australian-voters-for-affordable-housing.org</A><BR/>to help fight this problem from a grassroots level.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16601705.post-34046144525404520112008-01-03T17:10:00.000+11:002008-01-03T17:10:00.000+11:00Here, here, I certainly agree there is something s...Here, here, I certainly agree there is something seriously wrong with fundamentals & people have turned owning homes into a kind of business....remove negative gearing I say, that would be the first step....<BR/>My brother alone owns 4 properties & I have other friends that have more than one, also....It angers me, because I am a single income earner, on the average $50,000 per annum, working two jobs....<BR/> I have no hope competing with these types of people & just the other day someone made a comment to me which made me feel like a second class citizen!....that was... "oh, you are JUST renting aren't you"?....<BR/> While they all gloated about how many properties they owned, the said person, only got where she was through a divorce & took her ex for all that she could!!!...<BR/>People are so ignorant & greedy.....Oh & by the way I felt like retaliating to this young woman & saying, yes I am renting & without people like me, people like you wouldn't be able to cover your mortgage payments & have a so called investment property, now would you?, but I held my tounge!....<BR/>Let's hope some equality comes back into this society we live in, because it is sadly turning into a case of rich & poor, haves & have nots & I for one am so upset & disheartened about it...<BR/>I deserve to own a home just like anyone else.....<BR/>People, we need to wake up, stop paying ridiculous prices for homes & start writing letters to current affairs shows, radio programs, government offices, whoever will listen basically, to see if as a collective group we can't start to fix this problem....If we all work together maybe we can enforce a change....Bring on the price crash, it's long overdue & inevitably going to happen....<BR/><BR/>Best wishes to you all....CAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-16601705.post-76322749888701969692007-11-18T23:04:00.000+11:002007-11-18T23:04:00.000+11:00The root of this "selfish, rapacious greed" is mon...The root of this "selfish, rapacious greed" is monetary inflation (i.e. 'printing' of money) under the global fiat currency system (see <A HREF="http://cij.inspiriting.com/?p=45" REL="nofollow">How to secretly rob the people with monetary inflation?</A>).<BR/><BR/>If you notice, property prices had been skyrocketing in the US (now already deflating), UK (starting to deflate), China, Singapore, Australia.<BR/><BR/>Worse still, it not only property that is skyrocketing. Stocks, bonds , commodities, oil, gold and even art are in a bull market (see <A HREF="http://cij.inspiriting.com/?p=199" REL="nofollow">Epic, unprecedented inflation</A>).<BR/><BR/>All these bull market gives people the illusion of economic prosperity. In reality, it is masking the mal-investments, excesses and dangerous debt bubbles underneath.<BR/><BR/>In other words, it is back to the 1920s again. Most economists and analyst alive today are not even born yet in the 1920s and thus, not understanding that the same mistakes are being committed again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16601705.post-55480926661322222072007-09-15T23:28:00.000+10:002007-09-15T23:28:00.000+10:00Sean - the comment from Mike Berry was a good one....Sean - the comment from Mike Berry was a good one. I have been writing to politicians at all levels and on all sides. My message has been something like this (as yet, no meaningful replies - they are either stupid or too busy furthering their own careers to care) ... <BR/><BR/>*******<BR/><BR/>House prices rising is a BAD thing. People think I'm nuts when I say this but isn't it bloody obvious. There are 2 possible scenarios moving forward:<BR/><BR/>1) The incredible rise in house prices is permanent and eventually it will feed through to everybody's cost of living - it will flow into rents and it will flow into owner occupiers costs as houses turn over in the market - and this will make the country POORER! Something everybody needs has gone up in price and other spending must drop.<BR/><BR/>2) The incredible rise in price is temporary due to land release constraints or possibly a debt fueled asset bubble (or both), which means in time it will correct. And if this happens we are on a road to economic chaos as people have borrowed enormous amounts against the so called 'value' in their homes.<BR/><BR/>So, this is the biggest economic problem of our time - it is staring you in the face - but you ignore it. What the hell is wrong with you?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16601705.post-52319560319137248892007-07-02T01:19:00.000+10:002007-07-02T01:19:00.000+10:00HauspocalypseNow said... wait a minute what is thi...HauspocalypseNow said... <BR/><I>wait a minute what is this 'Austrailian dream' of which you write?!<BR/><BR/>Since the American Dream is dead can I borrow your Aussie Dream?</I><BR/><BR/>Unfortunately, they both expired at about the same time, in a bizarre double accident apparently also involving a clutch of baby boomers, landlords, bankers, and some unidentified 'eco-rats' in suits. Such is the social settlement in Anglo-American countries, alas.Housing Affordabilityhttps://www.blogger.com/profile/17091467840417793857noreply@blogger.comtag:blogger.com,1999:blog-16601705.post-43954622430577630852007-06-30T07:31:00.000+10:002007-06-30T07:31:00.000+10:00wait a minute what is this 'Austrailian dream' of ...wait a minute what is this 'Austrailian dream' of which you write?!<BR/><BR/>Since the American Dream is dead can I borrow your Aussie Dream?Unknownhttps://www.blogger.com/profile/05822483513915347253noreply@blogger.comtag:blogger.com,1999:blog-16601705.post-1165021784842973632006-12-02T12:09:00.000+11:002006-12-02T12:09:00.000+11:00Finally. I'm so glad I found this page. I've been ...Finally. I'm so glad I found this page. I've been saying this exact same scenario for years, it's common sense.<BR/><BR/>What's sad is the selfish, rapacious greed which a majority of Australians have willingly become a part of. The arrogance people display now, thinking they are the richest people in the world, is against all "Australian Values" which the Federal Government touts so much as necessary for new immigrants, but has helped to erode entirely. Was Steve Irwin the last true Aussie?<BR/><BR/>I must admit, I feel sorry for those people on low incomes who are losing their houses because of rapaciousness, but for the ignorant masses with myopia of foresight... I hope they lose everything and come down to Earth with a massive crash!<BR/><BR/>They have destroyed the country I live in and now I'm saving to leave it and live in South America where people are more social leaning and less concerned with their own greedy selves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16601705.post-1161401216842112202006-10-21T13:26:00.000+10:002006-10-21T13:26:00.000+10:00All of us following the HB news and blogs are awar...All of us following the HB news and blogs are aware. Now with the MS media announcing the bubble burst hopefully the message has trickled down to masses. The upcoming election should tell volumes. If the preceeding polls are right people even those who put in the GOP last time around are fed up. Hopefully that will bring new policy changes that are sorely needed.Anonymousnoreply@blogger.com