Recent content by HomeBuyerStrike

Glenn Stevens appears to be advocating building reserves. If that is what he is saying then I am in agreement. When* this resources boom ends Australia will get far more bang for it's buck than by re-investing that money now. *Glenn Steven's appears to leave the window open for an 'if', I don't.

Glenn Stevens speaking in Melbourne on resources boom today... http://www.rba.gov.au/speeches/2011/sp-gov-230211.html

In all that bluster I missed where you mentioned resources sectors contribution to Australian GDP. I don't actually have time to be dealing with your trolling posts and this would also assist your aim of derailing the thread. In summary, struggling countries will emerge from the GFC lean and...

I think it's too much to expect the resources sector to carry the Australian economy in the medium to long term. The economy outside of resources is carrying huge amounts of fat that other western economies have been busy trimming over the last three to four years. I think attempting to...

Leaving aside resources, what kind of competitive footing do you think Australia will emerge from the GFC on? Countries like the US and many of the EU states are experiencing lean times and trimming fat. Australia is by comparison, relatively comfortable.

Prescient?

U2 earn their profits in the Netherlands.

Have you seen Ireland's export figures? Australia would be lucky to have their trade surplus (per capita). Ireland's outlook was rosy as long as upwards only house prices were the status quo.

I see no benefit in arguing with trolls. I have better things to do with my time. It's obvious to a reasonable person that rising prices are not a unilateral decision on behalf of the suppliers in a market. If it were then prices would tend towards infinity, which they clearly do not. Prices are...

I know of lots of tradies who have left Brisbane in the last 18 months due to a slowdown in the level of work available. In particular (perhaps more representative of those I know than the general population) chippies doing shuttering work for concrete casting. My cousin was one who left and now...

Finding a bank that will lend to a buyer might be the difficulty. Who wants to write credit secured on a property that might be washed away?

While this may happen, it won't happen for the reason you mention. The simple reason? Landlords don't set rents, the market does.

I think there will be an effect from the floods on the rental market but how strong is yet to be seen. As has been said, people have been hit hard financially by this and some were already doing it tough. The market may not bear much increases. It remains to be seen how many had insurance. As...

Yes, I guess it's the same risk as having a seafront property. Some people value the views etc. over the risk from water damage. Maybe they will revise their priorities after this. I don't know.

I think this is an important point. The dry areas will be boosted and the wet areas adversely effected. There is also the immediate effect that there are expected to be 20,000 households (assuming those homes are occupied) displaced and this is going to put pressure on the supply of rental homes...