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kengaroo

4,182 Posts.

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26/03/24

19:47

Post #: 73070595
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Originally posted by pintohoo: ↑

so does that apply for the huge number of immigrant workers brought in under the Liberal governments?

you know - the ones I spoke about 6 years back

Date:15/05/18Time:09:28:30Post #:33094627

hmmmm - I think we do have a crisis coming - a real crisis of massive social proportion - but, probably not the one we have been expecting.

What I see is that if we keep up the immigration rates ----- then, along with the latest findings about dodgy bank practices - and the absolute clamping down on lending practices resulting from that - along with thing like the clampdown on interest only loans -

what we will have is less people being able to get mortgages --

which might result in some price correction - but, by far - by a country mile will have massive implications on the rental scene.

What we will end up with from what I can see is massive rental demand - massive rental price rises and probably massive rises in homelessness

How governments respond to that will be anyone's guess - given their ineptitude in the area of crystal ball gazing and putting in place mechanisms that can only be described as childish folly.''

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