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

Greater fools push house prices to final peak, page-2

First 2 Last

Share
Profile

Follow
Sector

35,472 Posts.

2863

21/04/15

17:14

Post #: 15128457
Share

Originally posted by Menta ↑

NAB’s March quarter survey found 15 per cent of purchases were by FHBs intending to live in the property, but another 10 per cent went to FHB “investors”.

Read more here; https://au.pfinance.yahoo.com/our-e.../first-home-buyers-buying-big-despite-prices/

When the most marginal of borrowers enter the market in record numbers, the 'greater fool' becomes increasingly harder to find. FHBs are now speculating on ever-rising house prices like never before. They're also doing it on highly leveraged LVRs and with a record high percentage of interest-only loans. We're fast running out of greater fools.

Expand

I thought they were priced out of the market?

The only fools have been those waiting for Armageddon for 7 years whilst we've made a motza.
8 Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Most investors will get this earnings season wrong. Will you?

ASE

Astute delivers high-grade lithium hits at Red Mountain

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

First 2 Last

SPONSORED BY