#MortgageRepayments #PriceCrash #Housing Interest only mortgages repayment periods are steadily ending with many predicted to finish by 2020. Do you think this will have an impact on the housing crash? Are people really so fullish to have not planned for this? References Lenders release the Kraken: when mortgages rise by $1000 a month https://www.news.com.au/finance/money/lenders-release-the-kraken-when-mortgages-rise-by-1000-a-month/news-story/c7445bc500e3bb7f3c3319b456639049
Tag: Depression
#AusPol #PriceCrash #Housing I look at a recent article from MacroBusiness comparing Australia’s housing crash to those in USA, UK, Ireland and Spain. Then I look at another perspective from Wolf Street. Is the GFC finally catching up with Australia? References How Australia’s housing crash compares internationally https://www.macrobusiness.com.au/2019/04/australias-housing-crash-compares-internationally-3/ Update on the Spreading Housing Bust in […]
#AusPol #PriceCrash #Housing Experts are predicting continued housing price declines in Sydney and Melbourne with a $60,000 drop in Sydney. How can experts think any rate drop will have any impact at the moment? References Property prices to tumble $60,000 by 2020 https://www.news.com.au/finance/real-estate/buying/property-prices-to-tumble-60000-by-2020/news-story/752a1cf5496602aab59f215b9cf3bd4b
#AusPol #ConsumerConfidence #Housing Matt Barrie the CEO of Freelancer warns that the Australian Housing market may never recover and highlights the simplicity of the Australian Economy. Interested by this, I find out how the complexity of the Australian economy compares to the test of the world and it is embarrassing. References Our Housing Market May […]
#AusPol #ConsumerConfidence #Housing Consumer confidence is down and the housing crash is potentially to blame, are interest rate cuts on the horizon? I look at the recent update from Reuters and learn about how the consumer confidence index is measured. References UPDATE 3-Souring consumer mood in Australia may prompt RBA rate cut soonhttps://www.reuters.com/article/australia-economy-consumersentiment/update-1-australia-slowdown-housing-crash-hit-consumer-confidence-in-march-survey-idUSL3N21003K Australia Consumer […]
#Banking #Housing #HousingCrash I look at a recent AFR article in which Westpac CEO Brian Hartzer claims that banks are not to blame for the housing crash. Seemingly ignoring recent evidence from Melbourne land sales. References Westpac CEO Brian Hartzer says banks ‘not to blame’ for house slump https://www.afr.com/business/banking-and-finance/westpac-ceo-brian-hartzer-says-small-business-hurt-by-lending-crackdown-20190130-h1anog YouTube Cards
#Banking #Construction #Housing I look at a recent article in the Herald Sun about Banks changing lending criteria killing new housing projects. Which seems to disagree with recent comments from the RBA. References Banks short-change buyers, force lots of land back up for sale https://www.realestate.com.au/news/banks-shortchange-buyers-force-lots-of-land-back-up-for-sale/?rsf=ps%3Afacebook%3Anews%3Avic
#AusPol #Construction #Housing The RBA is blaming the housing crash on Population Growth and Slow Builder while negating the influence of lending capacity. https://youtu.be/CA1dft5vopQ References Reserve Bank says population growth, slow building to blame for property boom and bust https://www.abc.net.au/news/2019-03-06/rba-says-population-growth-to-blame-for-property-boom-and-bust/10874502
#AusPol #Construction #Housing I look at a recent article exploring the claims by Economist Lindsay David that we are already in the second stage of a housing crash. What are you doing to prepare? References ‘Let the bloodbath begin’: House prices in Sydney and Melbourne ‘could halve’ in worst crash since 1890s https://www.news.com.au/finance/economy/australian-economy/let-the-bloodbath-begin-house-prices-in-sydney-and-melbourne-could-halve-in-worst-crash-since-1890s/news-story/5918ea13042d5f819cb13c77629f060a David Murray […]
Fatherlessness Part One #Fatherlessness #MRA #Feminism Some of these statistics are shocking. References A ‘dad’ is tenth most popular Christmas list request for children https://www.telegraph.co.uk/topics/christmas/9764688/A-dad-is-tenth-most-popular-Christmas-list-request-for-children.html Statistics of a Fatherless America https://www.photius.com/feminocracy/facts_on_fatherless_kids.html