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Brace yourself specufestors as you lose money slowly for 10 years while denying it year after year. But this is good news! You were gambling on houses never being affordable for your children and grand children - but it will be! It was a debt bubble after all and your gambles lost - take it...

Hi, if you didn't know - there is a tool on the ABC Gruen Transfer show's website where you can create custom ads. I thought I'd share with you one I made: http://www.abc.net.au/tv/gruentransfer/gallery.htm?cfid=8630 Have fun everyone.... I'm disappearing off into the real world as I'm...

Bad news for some maybe - "Rate relief hopes dashed"? but not for all. Why not "Reward for savings to continue"? Landlords rent money from me (a moneylord?) at 8% (plus the banks cut) then charge me 3% to rent a house from them! What a business! Money rent through the roof!

Wow, you guys are pretty easily entertained - he's not a psychic - you can see what someone is up to and what thread they are viewing/posting to. The references are: Winged horse - Mohammad ascended into heaven Turtles - Hinduism Angles head of a pin - "silly" Medieval Christianity theological...

Yields can improve on all houses, making them easier to hold - all it takes is for the price to go down. However - if you take it as an axiom that house prices can never fall, your logic (while convoluted) seems to make sense. It's like those religious scholars that build enormously...

I remember an article from 2006 where Australians were going over to the USA to discuss our advanced mortgages - apparently Australian mortgage finance is some of the most "innovative" in the world. Whatever we've done, we've managed to borrow ourselves into higher household debt than the UK...

http://www.news.com.au/business/money/story/0,25479,24043852-5013951,00.html 2nd most popular article - GHPC has gone mainstream!

This time it's different. The bubble is bigger, and at least the shoe shine boy had a job!

Wait.... bed bugs exist?!!! I thought "night night, don't let the bed bugs bite" was just a saying :eek:

AFTER THE CRASH (so that cutting neg gearing isn't blamed) I think the government would be better off making it so that interest is only tax-deductible for useful investment, not just speculating on asset prices (that is, increasing future productivity via capital goods, expansion etc. Borrowing...

Of course I would buy a house if they were cheaper, price is why I rent and save/invest the difference (not doing too bad - most of the ASX falls were financials, oil users (airlines) and consumer discretionary, I'm in energy, materials, consumer staples) I probably wouldn't buy an IP, unless...

Because that isn't what happens at all. Most investors use high levels of debt to buy existing houses. But they're not supplying rooves over peoples heads. They're taking existing rooves, bidding up the cost of those rooves with borrowed money and then claiming tax breaks. If the investors...

Altering the tax rules now would cause people to blame the downturn on that. Heck, Australia's securitised mortgage market has collapsed, with far higher household debt levels and house prices to wage than the USA and our problems are apparently due to "US sub prime" I say leave the tax...

I have said previously that there should be a massive risk premium in those suburbs for non-payment of rent and vandalism, but hey - make your own decisions. Here's my revolutionary idea for interstate investors: Before you go and spend hundreds of thousands of dollars on a house...

From a tenants perspective: The LL sent someone around to measure for one a few months ago and my rent was increased 20pw this year. It hasn't been done yet, I don't know whether they've decided to continue on or not. If they don't put it in - I might contact them about it. I reckon pass...

It's not just wholesale markets, but also deposits - don't forget that raising rates encourages domestic saving. Australia has some of the highest (or highest?) debt per person in the world, and negative savings rates. I'm all for encouraging saving. Much of our trade deficit is interest...

Hmmm, I paid board to my parents before I moved out of home when I was 23 and I don't think they declared that!

Yes, the market has come off a bit, but the downturn has only just begun. Prices will fall, people will feel poorer and then the wealth effect disappears and our debt dependent consumer economy goes down the toilet. We've been in a generation long credit bubble and the correction now is not...

As far as I know, you don't pay tax on boarder income, and it doesn't change your PPOR for tax purposes. It is unlikely people will share with young children, but the nuclear family is actually the minority household now, isn't it? Think instead of students or single people sharing, or old...

The way the empty bedrooms will be used is not a direct renting out of bedrooms to strangers. Here is an example I know where it has happened: I have a friend who can no longer afford their mortgage repayments, so they have moved back in with their parents (who had 2 empty bedrooms). They then...