On Thu, 24 Apr 2008 22:01:36 +1000, fasgnadh <fasgnadh@[EMAIL PROTECTED]
>
wrote in aus.culture.true-blue:
>
>You people are laughing because the banks are reaming Aussies,
>even BEFORE the RBA raises interest rates, and you want the
>government to intervene in the market and introduce socialist controls?
Nothing wrong with high interest rates love 'em, the problem is that
they are not translating into higher deposit rates.
If you own your home you don't really care if houses are worth $10 or
$10million you sell one you buy one. It is the poor sods who buy in
boom and have a mortgage that suffer. First home buyers are stuffed
and all the so called 'aid' doesn't do anything it just pushes up
prices further.
The only way to cut house prices is to reduce immigration dramatically
something big business doesn't want. There will be big pain for recent
purchasers but it the end it will be better for everybody. We cannot
sustain an ever increasing population so we will have to accept lower
growth for a better life style.
Regards
Dinsy
Tantum religio potuit suadere malorum - Lucretius
|
