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Comgratulations Mr Birch.. your success is a inspiration to many ! Your story is now made famous far & wide and I hope this shall encourage other to follow in your path.. you are getting your own discussion threads here on macrobusiness and here on aus property forum How Nathan Birch built his...

you are the person looks "silly' now !

Doomsayer gets instant fame Steve Keen

Doomsayer gets instant fame Steve Keen

This exact topic is getting discussed on GHPC ! On GHPC they tell me "availability of credit" is the only reason for house price booms.. I suggested other reasons might be.. Demand Availability of asset Availability of credit Tax environment Building cost Labour cost Government control...

I live in 18. Hornsby (Sydney).. nice suburb to live in.. now I wish to move to 1. Ku-ring-gai (Sydney).. actually Ku-ring-gai is very near to Hornsby.. I think the pattern is the best areas are very "green".. not much overcrowding

Very good detail report boomtown.. kudos !

2 colleagues of mine.. wanted to buy a house (one wanted an investment) in Dec '07.. they put it on hold due to poor "sentiment".. in especially higher interest rate outlook.. In the past week they again are discussing buying a house again.. their "pent up" demand returned when sentiment...

This is a good explantion captain.. I agree with you.. As the bears (with sarcasm) say.. "its different here".. but it really is !

Could they not rent it.. even very cheap.. just enough to cover this tax ?

Shadow I don't know if you know this.. on GHPC I just notice.. they deleted all your posts.. 3500 posts have disappeared ! I am shocked by this..

Astute observation Shadow.. not only panic.. also anger & loathing directed at banks & investors (to whom they refer as "knuckles") ! Talk of OCR & subsequent SVR easing.. has unnerved the doom and gloom mob ! "I still see the economy bubbling along and inflation way too high. I do not see a...

I concur.. I don't think the RBA is in the quest for short term growth.. but I do think they will act to avoid further slowdown amid signs that rates are too high ( if the commercial banks own rises are included ) If inflation was heading up and wages spiralled they would have a tougher...

Eek ! Shadow.. MoreIPs.. I'm a recent GHPC (and Somersft) member too.. they are discussing this (the interest rates) on GHPC today.. I'm in broad agreement with you fellas BTW.. The RBA mandate is.. the stability of the currency of Australia the maintenance of full employment in Australia the...

I'll have a go.. RBA cuts 25 basis pts in Nov.. banks follow with .14% cut.. RBA cuts by another 25 basis pts in Dec becuase banks didn't pass on full Nov cut.. banks follow with .2% cut..

Pom.. you could set up a hybrid or unit trust and sell your old PPOR to your trust.. you'd incur stamp duty of course.. but might be worth it in the end.

I think Stevens will cut the OCR by 25% basis pts within next 5 mths.. banks will follow but only with 0.1 to .15% cut.. so stevens will be forced to cut again.. just my opinion fwiw.

Knight Frank figures appear dodgy but agree with the sentiment.. plateau not crash seems most likely scenario over next 12-18mths.. after that its up and away once more for home prices.