Dose

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About Dose

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  1. I cannot imagine empty boxes in the sky will appreciate forever. Jack and the beanstock, anyone?
  2. http://www.smh.com.au/business/the-economy/foreigners-pile-back-into-australian-property-reigniting-bubble-fears-20161124-gsx97i.html Not sure if this is yellow peril or just buy. I guess one in the same?
  3. Just wait till interest rates start to creep...up!
  4. BC just put in a $2m+ foreign purchaser premium tax on real estate purchases. Garth Turner's view... http://www.greaterfool.ca/2016/07/25/the-crash-tax/http://www.greaterfool.ca/2016/07/25/the-crash-tax/ I have to admit the BC government's "discovery" that (only) 5% of real estate transactions in Vancouver are foreign aligns with my initial theory that it is similar here...it is an easy target to blame The Choyneese even though chances are you have relatives participating state-sponsored RE speculation just down the street. Time will tell. Interesting that BC is a jurisdiction experiencing similar RE rises, in theory driven by a similar cause, now investigating and identifying actual facts about the situation. Don't worry though, can't happen here...we currently have one of the largest cabinets in Australian political history that chose to omit a Housing portfolio. She'll be right.
  5. New thread. Tales of Danger, Inconvenience and Loss to worry The Renter. Episode One: Greens will win. Yeah...Riiiiight... http://www.smh.com.au/money/saving/how-tenants-can-protect-themselves-from-nightmare-landlords-20160623-gppvfq.html
  6. It all does really align with the Macrobusiness RE Locusts meme... "NG on new builds only will drive up rents." Really? Doesn't matter if it is right or wrong when most people have low awareness in personal finance or economic principle... a catchy tag phrase is all you need to win the masses. Pass the Raid.
  7. #Faketradie is sooooo going to be my next Fancy Dress outfit.
  8. It is the size of the borrowing at the margin that will bring it all down. This was on the front page of the online Sydney Morning Domain today. Introducing Edward Dilleen,...Australian of the Year candidate?. http://www.domain.com.au/news/six-properties-at-24-from-housing-commission-to-property-investor-20160614-gpht77/ OK, $800k in debt on a <$50k salary depending on Capital Gainz via low-income property rentals in areas of high unemployment. Plus, from the sounds of it, no financial backstop (i.e. bank of mom). It would be perfect if he worked in shoe shine.
  9. http://www.abc.net.au/news/2016-03-17/clarke-and-dawe:-the-honourable-member-for-stasis/7254794
  10. To me it looks more like a looming bank finance growth crisis...
  11. I'd suggest you are putting too much thought into this. The turning point will be when Bogan A turns to Bogan B and says "You lost how much? Those greedy Banking Bastards!" The death of Equity Maate will mark the moment. Closer, now.
  12. Well that's the thing, huh? In the current environment of priced-out-forever and crisis-setting low interest rates one could be fooled into thinking 95% lvr with a backstop from family is the path to riches. Of course, what if the family retirement plan is heavily overweight property with a dash of negative gearing? Let's not overlook the Variant Perception report on the Western Sydney Mortagenado http://www.brokernews.com.au/news/breaking-news/afr-report-on-brokers-a-serious-allegation-mfaa-212393.aspx A young builder and his 23 year-old wife...$1m in debt and oh so lucky! What could possibly go wrong?
  13. The comments alone are pretty entertaining!
  14. Of the local auctions I attended in Nov 2015 all the winning bidders were almost certainly not Chinese.