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Six weeks from a housing collapse, page-90

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acorn

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14/09/16

23:12

Post #: 19162094
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Originally posted by lispingduck ↑

Did you even read my post, before you continued arguing for the sack of arguing?

i never said it was "business as usual" as the saying goes - don't go putting words in my mouth..

Oh you use wikipedia..and you used google to find it..in 2016 i might add.

"So why don't you tell the forum some stories about building or selling or renovating during that time which would have involved financing as well . After all , you are ' in the industry ' . "

Does being in the industry involve only those things you listed, that's very narrow minded of you corn.

"As far as the property market shutting down , are you suggesting that if property values fell 40 -50 % ( as the extreme bears predict ) in a very short time banks would continue to lend money to builders and developers or home equity customers ? Are you saying that as house values fell below the amount that was owed on them that we wouldn't have a major , major impact on the real estate industry and the banking industry itself ?"

Well of course there would be major impacts, what have i and others been warning about all these years..regarding historically high debt levels, financial stability, economic stability negative gearing impacts on the budget..have you been reading - in one ear out the other as they say.

Prices can't fall 40-50% if there are not transactions and there will be very little transactions if there is no financing/lending.

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You seem to be ducking and weaving again so I'll ask the question .

So what exactly is your role in the industry then ?
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