Hi all,
Just pondering...if you were a betting man surely the odds would be stacked that the property bubble will pop? Thinking of the fors and against in a very simplistic manner:
For a pop:
-unsustainable levels of growth in comparisson to levels of debt and serviceability
-world economic crisis is far from over
-further debt will need to be offset by infationary measures which will be met by higher interest rates
-increasing taxes to help repay the massive government splurge
For further growth:
-limited supply of housing (a furphy imho)
-immigration
Furthers ideas please? Im trying to play devils advocate and its really hard to argue the pro property mantra with these 'considerations' staring me in the face..?
Just pondering...if you were a betting man surely the odds would be stacked that the property bubble will pop? Thinking of the fors and against in a very simplistic manner:
For a pop:
-unsustainable levels of growth in comparisson to levels of debt and serviceability
-world economic crisis is far from over
-further debt will need to be offset by infationary measures which will be met by higher interest rates
-increasing taxes to help repay the massive government splurge
For further growth:
-limited supply of housing (a furphy imho)
-immigration
Furthers ideas please? Im trying to play devils advocate and its really hard to argue the pro property mantra with these 'considerations' staring me in the face..?