Australia housing bubble

[GASWAGON]

Apparently Perths economy is crashing as and many families are under big financial stress.

Lets wait and see if the same thing happens to Sydney and Melbourne?

[Work Horse]

Originally Posted by CoolBFWagon

Apparently Perths economy is crashing as and many families are under big financial stress.

Lets wait and see if the same thing happens to Sydney and Melbourne?

Not if but when, IMHO.









I'm old so I know if I keep predicting a property crash I will be correct,




eventually......

[Chopped]

In the end, it comes down to the most basic human condition, Greed.

greed
ɡriːd/
noun
noun: greed

intense and selfish desire for something, especially wealth, power, or food.

We are all to blame to an extent, however
Banks are the biggest winners when it comes to property

[Mercury Bullet]

Originally Posted by CoolBFWagon

Apparently Perths economy is crashing as and many families are under big financial stress.

Lets wait and see if the same thing happens to Sydney and Melbourne?

Better hope not.

Real estate is losing big money here.

[Bossxr8]

Originally Posted by CoolBFWagon

Apparently Perths economy is crashing as and many families are under big financial stress.

Lets wait and see if the same thing happens to Sydney and Melbourne?

Perth's issues are mainly due to the mining boom slowly so much. Hardly relevant to Melb or Sydney.

[Mercury Bullet]

Originally Posted by Bossxr8

Perth's issues are mainly due to the mining boom slowly so much. Hardly relevant to Melb or Sydney.

Perths problems were caused by greed.

So many people out to make a quick buck. I'm glad they are getting burnt.

And it's totally relevant to Melbourne and Sydney. Do you guys think you are immune?

[Rallye Sport]

Originally Posted by Bossxr8

Perth's issues are mainly due to the mining boom slowly so much. Hardly relevant to Melb or Sydney.

Everyone on the eastern side thinks all of us Westralians work in the mines. Not so, Half are internationals or interstaters chasing the dollar. After that half are local family types and the rest would be the young crew blowing it all on hookers, maloo's and dirtbikes.

I hear you Mercury Bullet, theres alot of greed and they'll get burnt.

I'm more of the 'Kerrigan' type, we worked hard to buy and pay for the house, no interest in an investment, its time to enjoy life, for me to gather up the cars I missed out on and for the mrs to work on her shoe and handbag collection, all of the things we couldn't do while paying a morgage.