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  • » Bullion Baron: Who's to Blame for Australia's Expensive Property?

#126 2015-08-08 09:42:23

Bullion Baron
Silver Stacker
From: Adelaide
Registered: 2009-09-14
Posts: 7,261
Trades :   139 
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Re: Bullion Baron: Who's to Blame for Australia's Expensive Property?

SilverBullet8241 wrote:

What's with this title? Don't blame anyone, instead praise them. Approx 2/3 of Aussies own property and 1/3 rent so for the majority of Aussies (and the rest through it being major for the economy in general) the higher the better

Home ownership is in decline as per the article (did you get past the title? wink).

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#127 2015-08-08 09:45:10

mmm....shiney!
Silver Stacker
From: 昆士蘭
Registered: 2010-11-15
Posts: 15,760
Trades :   102 
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Re: Bullion Baron: Who's to Blame for Australia's Expensive Property?

Still waiting for Big A.D.'s solution that doesn't include stealing other people's money. roll

Last I read was Step 1: http://forums.silverstackers.com/messag … ml#p830778

Last edited by mmm....shiney! (2015-08-08 09:46:15)


3<

"Every day is ordinary, until it isn't."

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#128 2015-08-08 09:51:44

mmm....shiney!
Silver Stacker
From: 昆士蘭
Registered: 2010-11-15
Posts: 15,760
Trades :   102 
Website

Re: Bullion Baron: Who's to Blame for Australia's Expensive Property?

Bullion Baron wrote:

Home ownership is in decline

Is that a problem though? I'd say (I have no stats to refer to) we spend more time asleep in our homes than actively living in them.


3<

"Every day is ordinary, until it isn't."

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#129 2015-08-08 10:23:50

trew
Silver Stacker
From: Melbern
Registered: 2011-08-24
Posts: 3,958
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Re: Bullion Baron: Who's to Blame for Australia's Expensive Property?

SilverBullet8241 wrote:

What's with this title? Don't blame anyone, instead praise them. Approx 2/3 of Aussies own property and 1/3 rent so for the majority of Aussies (and the rest through it being major for the economy in general) the higher the better

There would be no problem except that it has been accompanied with a massive binge in private debt.

If interest rates start rising and/or we hit a recession, prices will drop back down and the banks are going to be in a whole lot of shit.

If the banks run to the govt for protection, how happy will those 2/3 of Aussies who will have to foot the bailout bill with taxes ?

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