Australia's largest stock trading and investment forum Australia's #1 stock forum

Solutions to House Price and Rental Crisis??(Ideas), page-122

First 122 Last

Share
Profile

Follow
Hittman

2,967 Posts.

262

20/04/23

10:09

Post #: 67370308
Share

Originally posted by mudguts ↑

How does everyone offord a house with interest rtes at 10%??

You will have to serivce the loan at 13%

with rates at 10% howmany business will reduce staff /close, so les people in a position to now purchase

The level of price reduction you are talking about, I doubt teh Banks have stress tested their books at that level......

You will kill the economy in the process

Getting rid of negative gearing will reduce the incentive to build new investmetn properties for rental..government will have to take up the slack...& increase your taxes accordingly, RU OK with that?.. Cost to build governemnt housing will be twice that of free market.

Expand

Investors typically buy established property to rent out, they don't build. So they add nothing to supply of homes.
2 Upvote

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Making money: How many microcaps should be in an investor's portfolio?

What each US election outcome would mean for Australian companies & investors

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

There are more pages in this discussion • 331 more messages in this thread...

First 122 Last