Its the Politicians also that should have RE limits placed on...

First 15377 Last

Share
Profile

Follow
gve

12,058 Posts.

378

11/04/24

09:52

Post #: 73290269
Share

Originally posted by Esmer: ↑

If the Aus CPI figures to be released in two weeks time also show an increase like the USA CPI, then the RBA will probably be forced to raise rates at its next meeting. RBA might be forced to raise anyway because property prices are still rocketing upwards in many areas, which is aggravating the wealth divide between property owners and non-owners.

In my opinion, RBA staff should not be allowed to own property portfolios or borrow money to buy investment properties. I think that this may be the cause of why interest rates appear to be too low and the inflation target, which is unbelievably set by the RBA to suit itself and not by the govt or independent economists, is too high. Resulting in ridiculously high property prices, making the rich richer for minimal effort or risk, while poor workers get poorer.

Listen to the screams and howling from the media if interest rates go up by 0.25%, but there is rarely much mention of the hundreds of thousands of dollars that the values of most city and coastal properties have risen by since covid. Hard to find any politicians or media hacks who understand much about basic economics.

Higher Aus inflation numbers in two weeks time will probably end the XJO's current bull run if it has not already ended by then.

Expand

Its the Politicians also that should have RE limits placed on them.The PM with his $8-$10m property portfolio is not about to disrupt his investments ,as are all the other Politicians with multiple proerty portfolios..

XJO Value at posting: 7,848.5
9 Upvote

0 Great analysis

Reply