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944 Posts.

07/07/17

17:04

Post #: 25734660
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Originally posted by danginvestor ↑

New laws to permit personal bankruptcy; bailout or just writing off the debt to more reasonable level. Who knows, new world we're sleep walking into. That and politicians love nothing more than stepping up to help Aussie battlers.

If one or two mortgages, most investors might just survive. More than that and it'll be the first ones to cut their losses and hit the exit lose less. Failing that, ask to borrow from friends, neighbours, siblings and the old folks. Failing that, grow weed or go Mr. White with a caravan and some flasks.

Seriously, I don't know what will happen. How will people or politicians will react. And obvious I'm no property expert. Just looking at the figures and they do not add up. It's going to hurt a lot of people. It will also benefit some with deep pockets, little debt and a stable job.

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Trade surplus... got to break down what comprise in it to know how a surplus impact the average Aussie. If most of the exports are coal, copper, gas... How many does that benefit? If expenditures like jobs and training, employment and health services are also cut to contribute to that surplus, it does more harm than good to the battlers.

Australia is a rich country. Just that not all Aussies get an equal piece of that pie.

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Hmmm.

This post you said: "Seriously, I don't know what will happen. How will people or politicians will react. And obvious I'm no property expert."

A Few posts ago you said: "When the property market crash in Australia, it's gonna be the worst we've ever seen in some 30 years. And it's gonna hurt everyone... so bad even the grandkids will feel it."

At least massey is consistent(ly wrong).
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