OMG, after the govnut and banks racking up interest rates, massive cost increases in energy, food prices hiked.....and you are gloating that new home sales have slowed down.... that this is proof of the imminent drop in sales prices....
you must have believed the lame stream media,and govnuts, that the gfc was over.....
the GFC is a long way from over.....and after the huge floods, it may be another 2 years off.......
oh dear, all those assumptions that are based on a massive fall in prices, the only criteria used on these forums.....
as if there was nothing else that would affect house prices...
suggest you toss that faulty crystal ball out....its old, it is broken....and after 10 years of the same old story....some should realise it just wont happen
all that lost opportunity.....if you had bought a house 10 years ago ...it would probably have tripled in price by now... the idea that your money is safe in a bank is fine.....except most do not address the problem of the buying power that is lost thru devaluation of the dollar
your dollar is worth less each and every year....even if you used the crap CPI figures (which do not include the cost of housing in those figures) and the pretend CPI growth of 3%....you should realise that you lose 3%... try using the real devaluation or CPI figures of 10% pa...
read yesterday somewhere...over 140,000 immigrants are here in OZ, waiting for their applications to be processed....delays and problems..... where on earth are they living....of course, in govt funded accommodation, motels etc, public housing priority (they jump to the top of the list).....waiting to get out there into an aussie house.....
***my prediction for the future......... the smart ones will desert the inner city and its silly prices, and move out to the burbs, for affordable homes ... only the wealthy without a mortgage, or the elderly will stay in the city...together with the kids, who believe the city is the only place to be....no matter the price the banks are still not lending.... the mortgage holders have knuckled down and not spending, not doing retail therapy, in order to protect their homes.... you will see unemployment go up, when the retail jobs are lost , after the dismal xmas sales figures come out... cannot trust the unemployment figures used....if one works one hour a fortnight, they are classified as being employed..what utter rubbish... try using the numbers receiving unemployment benefits for a start... so many shops have shut up shop now.... it will be really ugly by the time the june figures come out late July.... 2008 revisted again.... geez I am repeating myself....same old response, history repeating itself.....nothing much has changed since 07/08...except this time it is far worse
