I'm not keen to try to make a comprehensive argument here either way, but I will make one point. In some ways share investing is lower risk than property investing. I could buy today shares in one of the world's largest telecommunications companies and be sure to get an annual return of around 6.5% fully franked. This is a high-quality investment.…[Read more]

Snap!

Erm. Was I making fun of you or just being a knob generally?Maybe when I post there about a thread here, I should add this to the thread under discussion:???

scum wrote:
Check it out http://forum.globalhousepricecrash.com/index.php?showforum=9

scum is right. I do discuss economics, housing, finance, debt, shares, statistics, and occasionally topical threads from here and somersoft. And yes, I do this on a forum called GlobalHousePriceCrash. Perhaps posting about threads from here is a bit…[Read more]

Age: Early 30s.Outlook: The end of this recent period of easy money and hyper-debt expansion is going to have a profound influence over my life. This is not a normal state of affairs:But credit card debt is trifling compared to mortgage debt:Courtesy of Steve Keen: http://debtdeflation.com/blogs/Cheers, F. [cowboy2]

"does a graph exist showing mediam house prices over say the last 100 years and also on this graph indicate the major influences on prices like the ones mentioned above and when they happened"I've got another one for you – one of my own. As far as I'm concerned, this shows clearly the primary driver of house prices, and the primary driver of the…[Read more]

Moosehead<font wrote:
Households are spending about the same on housing as they have before, but a lot more on the air-con, 2nd fridge, dishwasher etc…

Not quite, Moose. Households are putting the same proportion of total expenditure toward housing, but over those 20 years, the amount of household income being spent has risen from around 90%…[Read more]

millions wrote:
Half a million for a house on ave size block on the outskirts of Perth – I'm sure this will only be the beginning of a price correction.

That's what my gut is telling me too. Now that the heat has gone from the market, it would be possible for a developer to turn a profit by developing adjacent land for $100k per block and for…[Read more]

Actually, I do have something that might help satisfy your curiosity. CommSec produced the following chart a few years back (it's a little outdated):You can derive the rest of your data from this. I actually have this one pinned above my desk with comments all-over it (WW1, roaring 20s, great depression, WW2, diggers return, BBs born, golder era,…[Read more]

devo76 wrote:
My question is does a graph exist showing mediam house prices over say the last 100 years and also on this graph indicate the major influences on prices like the ones mentioned above and when they happened.

No it doesn't. All our current house price indices date back to the early 1970s at best, or the mid 80s. This coincides with…[Read more]

Bonnie said "really ridiculous", so I assume that means sub-$350k? Even at that price I'd be a little concerned because Aveley is almost completely surrounded by paddocks and scrub with development potential…

Hmm. Interesting. This is apparently the first time such a move has been made during an election year, though yesterday I read that Hawke was re-elected just 9 months after interest rates hit 17%, so the claim must refer to calendar years. "VOTERS normally don't mind rising interest rates. Just ask former Labor prime minister Bob Hawke, who won…[Read more]

crashy wrote:
wthankyou for proving once again how much smarter you are than us.

You're most welcome!Now, how's the problem progressing? Mortgage broker back in the office today?Cheers, F. [cowboy2]

Some more details on the above via APRA.The main sellers of securitised loans in May were:Westpac: total securitised loans outstanding up 1200% in one month (from $550 million to $7.2 billion)Commonwealth: total securitised loans outstanding up 30% in one month (from $17.7 billion to $23.1 billion)Citigroup: total securitised loans outstanding up…[Read more]

RBA data show that 25% of all outstanding mortgage debt in the country is now securitised, and rising fast. This means that the current rate of securitisation of new loan originations is considerably higher than 25%. A quick check of RBA Bulletin Statistics Lending and Credit Aggregates – D2 reveals that 33% of all credit growth since…[Read more]

Sí, es tristemente verdad que soy estúpido.That aside, my post was a light-hearted parody of Hutch's earlier post. I even put in two smileys! As for public displays of contempt, I assure you, you have never featured in discussions on the house price crash forum. Others may have.I clearly lacked tact when I pointed out the other day that c…[Read more]

Good reply Richard!

Yes, Foundation! It's at the top of every post. The foundations are the most important part of a building….Except for the building permit!Cheers, F. [cowboy2]

crashy wrote:
He reckons the rear structure isnt council approved and this is quite a shock because when I bought the house 6 months ago the building inspector said the supports were insufficient, which caused me to tell my solicitor to specificly do a search for this. The solicitor never came back with anything and I assumed it was all ok.…[Read more]

blogs wrote:
So those of us with 'thick skulls' can understand can you please explain to me how with two incomes you are unable to save up a deposit? Where are you looking to buy? How much deposit do you want/need? Sooooo what you are saying is that you are complaining you cant afford a $630k house? Im guessing you and your partner would be on…[Read more]