joeyjoejoejuniorshabadoo

That sucks but it's part of #rentallyf

To a point... higher prices precipitate lending beyond means. When it is 7% again thise people are gonna be left behind

Yeah, but who make up that 25%? Mostly people that bought a long time ago lol. I also massively agree with equity only being an issue if you have to sell, hence that 25% being mostly o/o are safe as houses (pun intended) The clusterf**k i was referring to was not regarding existing mortgage free o/o but people trying to get into the market and people who are borrowed to the max due to current prices on 4.5% Shit is going to go downhill real fast there lol

Also I don't think she was suggesting that someone on average wage should be buying a $900k house, merely using an example to highlight her point. This is just a measure to show the state of the market.

I'm not sure I follow the conservative logic here. It is undeniable that housing is becoming a serious issue. The 30% of income dedicated to living expenditure has been breached for some time now and cost of living is also increasing. Housing prices continue to rise exponentially and interest rates are set to rise again at some point. It's going to be a clusterf**k when it happens. Y'all conservatives just need to stop getting all butthurt and crying because the libs are being attacked and take a step back. It's not the LNP's fault there is an issue, and no one is actually saying that. There has been an issue for a long time and it's a bipartisan problem. The only reason the LNP are being attacked is (again) the treasurer said something stupid that alienated a huge portion of the population that are affected by this issue. This an attack not on a party but a well deserving individual with a history of similar comments. If Labor were in power the libs would be attacking them on the exact same issues (as they did just a couple of years ago) because they know it's a real issue and makes the incumbent government an easy target. Labor did nothing much last time and if elected again will probably do nothing as abolishing negative gearing is akin to political suicide.

I couldn't make it through the whole article. The phaggotry was too equisit... even for a chef with a decade in fine dining...“I’m not Jesus. I can’t turn water into wine. I’m more like David Copperfield. I can do magic with water,” Pls die

That's the stuff

I said c... dr pepper is b-grade

LOL

All that started from selling c-grade softdrinks :0

Oh i know

Sure about that?

LOL

I would have thought not lecturing people on the evils and ineptitude of the left during a walk through would have been the hardest part?

Hi agent. I can has house? Hi client. I are house man. I like house. It is money. I are loan Sold.

Nike =/= local

Yeh... he butthurt

^ but you dont get butthurt...

You should speak to your union about that

And i can't see labor doing anything about it either... too many core voters involved

I was only referring to negative gearing... clearly there are a lot of external factors and stamp duty ain't going nowhere unfortunately

http://m.smh.com.au/comment/house-prices-is-the-ground-beginning-to-shift-at-last-20150611-ghla0f?&utm_source=facebook&utm_medium=cpc&utm_campaign=social&eid=socialn%3Afac-14omn0012-optim-nnn%3Apaid-25%2F06%2F2014-social_traffic-all-postprom-nnn-smh-o&campaign_code=nocode&promote_channel=social_facebook Surprisingly ol' mate flogmatron managed to sum it up fairly well without just attacking the right for once....

Will be bad for SMSF investment prop owing baby boomers, the rest will be fine as they already own houses. It doesn't actually matter what your house is worth if it's owner occupied and you can afford the payments on an amortizing loan. Negative gearing will get rolled back soon and slow it down over time. It's just a matter of working out how to do it without losing votes. I'm surprised this hasn't happened yet to be honest as it's a pretty strange scheme to begin with Prices are unlikely to have a massive crash under any scenario IMHO.

I never said it would be a good thing.

It's gonna be that way until the bubble bursts... lol