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PokerMoe

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15/04/24

09:35

Post #: 73343375
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Originally posted by pintohoo ↑

the problem with housing goes way way way back before Albanese
he merely inherited the problem

go read what I predicted for housing for Australia now - back 6 years in 2018

does it sound demented to you? Or on the money?

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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“the problem with housing goes way way way back before Albanese he merely inherited the problem ”

I’ll simplify.

The decision to bring in a million immigrants by the labour government, does it assist the current situation? Does it really need “crystal ball gazing”?
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