deflation only relates to tyres?
Printable View
deflation only relates to tyres?
Certainly yes... that's what the real estate vested interests would have you believe. :eek:Quote:
Originally Posted by extreme
seriously,$195800.00 for a 450m2 block at fairway chase,northlakes.doesn't seem to be a bad price for the location.Ithink we're buying on a falling market,perhapsthis intrest rate cut may send prices up.
Maybe. I don't know! Probably worst case is a 40% reduction which is 80k.Quote:
Originally Posted by extreme
Have a read of this.
The RBA didn't do that to help home buyers. They did it to try and mitigate the risk of recession!
That the Reserve Bank has decided to go for a full 1 per cent rate cut is a massive shock, and risks causing as much damage as benefit.
But so great is the emergency in global financial markets that Australia’s central bank is not worried about giving the impression of panicking, and is going for all of this year’s rate cuts at once.
And let’s face it – the RBA is panicking. “A material change to the balance of risks surrounding the outlook (has) occurred, requiring a significantly less restrictive stance of monetary policy.”
No it was only $480 million over seven years.Quote:
Originally Posted by Numpty's Missus
Lehman Brothers chief executive Richard Fuld grilled by Congress over compensation | Business | guardian.co.uk
No problem ....Average wage really.
The problem with these guys is that they have lived outside of the real world so long, they really believe they deserve this amount of money.
Might be time to think about withgdrawing savings from the Bank and puting it under the bed befor it goes the same way as Super. Or frozen like Icesavings.
I'm getting the vibe you may all think I've lost it (again) but I'm telling you this is really big and Australia is going with the rest of the world on this - like it or not. We might not go quite as bad as the US but we're arguing Grizzly or Polar. :)
Still, don't believe me! Read what Robert Gotlieibesen is saying (amongst others).
Don't Kid Yourself
When the stock market of any country falls 5 per cent in a single day and around 40 per cent over the course of a year it is a clear alert to all its inhabitants that there is going to be a significant fall in not only business and consumer activity, but also asset prices.
Here in Australia, we keep telling ourselves that we're different from the US and Europe. Our banks are in good shape. We have a budget surplus. We have enormous natural resources. Then we point to China and assure ourselves that demand from the Asian powerhouse will get us through.
That might all be true, but right now the world is trashing our shares and the dollar. We are kidding ourselves if we think that we will somehow sidestep the downturn.
Australian banks are tightening their lending criteria across the board, which is going to affect both businesses and asset prices.
Credit has been loose for a long time and many undercapitalised businesses will go to the wall. Banks are going to have to deal with a great many bad debts, although at nothing like the disaster levels in the US.
Property prices will fall and jobs will become less secure. Those getting by on contract work will suddenly find less demand. Customers and clients will be squeezed.
Continues.....
paying the deposit on the block of land today.
this is starting to sound like some sort of conspiracy theorist board. :eek: (Conspiracy Theory, UFO, and Alternative Topics)
seriously though. you guys can't expect it to grow forever can you?
good luck with the property mate. all the best.
check out this movie if you have broadband.
Money As Debt
Cheers
Blurry
Touche.......:eek:Quote:
Originally Posted by blurryone