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I think someone crunched the numbers in The Conversation awhile back. Servicing an 18% loan at the time was not just cheaper than today, but far cheaper. Or just ask Hadley why they didnt require 40+ year mortgages back then?
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Apr 5, 2017 04:10
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Urcher posted:http://theconversation.com/houses-arent-more-unaffordable-for-first-home-buyers-but-they-are-riskier-75130 That wasn't the one I saw, but maybe the other one just looked at raw dollars and not differences in earnings.
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Apr 5, 2017 04:45
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ewe2 posted:I suspect Jesus wouldn't be happy about it. Most comedy is defying the status quo. Conservatism seeks to maintain it. There's also the whole punching up/punching down analogy.
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Apr 5, 2017 04:47
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Isn't the median wage today something like $38k
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Apr 5, 2017 05:31
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Yeah, I think the average is like $55k but then the median is much lower.
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Apr 5, 2017 05:36
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If you keep negative gearing it's not really a bubble in the traditional sense, invester money will always be pouring in. The only way it realistically bursts anytime soon is if negative gearing is removed across the board, which is not going to happen. At best they'll grandfather it meaning prices hold as investors stop buying however hold onto their remaining stock.
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Apr 14, 2017 04:31
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Any major drop would be preceded by economic conditions that would dwarf the drop in housing anyway.
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Apr 14, 2017 05:15
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The difference with standard bubbles and our property market is that it isn't the inflated market itself people are trying to cash in on, it's the tax implications that are driving them to do it. Ours started out with the public cashing in, it was anyone with equity and tax to minimise that benefited from negative gearing. For the market to crash you need, for whatever reason, more people desperate to sell than there are buyers. At best negative gearing will be grandfathered meaning there's no reason to sell, investers will leave the market and all the desperate homebuyers will keep buying at whatever prices are.
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Apr 14, 2017 06:20
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It's convention that if you mislead parliament you would resign. Like many conventions though it's pretty much ignored these days. Eg: George Brandis. Parliamentary privliage is legal immunity for things said or done in the various Houses.
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Apr 20, 2017 18:18
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Why do we need a holiday when our media provides such robust political discourse year round?
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Apr 21, 2017 04:58
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 but I'm white
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Apr 23, 2017 06:14
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CrazyTolradi posted:I get the strong feeling a producer or exec at Channel 7 loves Pauline Hanson, she's had constant airtime on Sunrise and got a place on that dancing reality TV show. There'd have to be someone high up pushing for that kind of support. It was arguably her regular spot on sunrise that gave rise to the current iteration of One Nation.
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Apr 27, 2017 05:38
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DancingShade posted:No. The US shows people will quite happily vote against their own self-interests for the benefit of those better off than themselves.
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Apr 30, 2017 06:48
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