Hasbeen, Firstly, are you a home owner?

What you don't understand is that borrowers that have to worry about decreasing values have most likely purchased with less than a 20% deposit, therefore they would have 'mortgage insurance', in which case, the banks don't give a rats unless they default on their repayments.

I agree with the others, people today are just to fussy.

One of my workers lives with his partner and two small kids (under 5) in a 'town house' and pays $340 per week.

I told him he could rent a small house on a nice block for under $300 per week, but the misses won't live in an old house. Go figure!

I have often said, we have a 'spending crisis', just as much as a housing crisis.

Do we need taxes and rewards for peoples choices of space?

Penalties for owning more than however many square meters per person.

Reduce all Footprints – Space and Waste.

Jewely......the monopoly is why they breed us and you:) You will see the Mr Scrooges here, and yabby always has the answers. And then, just when you have bought your new home ( along with 1.550,000 others, something happens and the banks have to take it all back.......Oh what bad luck...A..:)

Too the smart one,s.........Question:) What sound does a sheep make?...lol.

Yabby will know this one, A...country boy:)

(Australian First Home Buyers go on Strike!)

I would not borrow/lend to buy a home, unless you have all the cash....Then, all will be fine.

Beat the banks, and save:) Thats how you spoil a rich dinner.

LEAP

It used to work though didn’t it Leap? People got their mortgages, stayed put for 30 odd years and paid them. Wasn’t it working?

Now we want to do the renovations right away/go on holiday/buy that gynormus flat screen so go suck out all the equity and a mortgage becomes something that never ends.

Course I have no idea what I am talking about, I heard that credit card is a better debt to have because it is unsecured or something.

I should be checking this stuff I hear with Arjay. As an individual I have no debt at all, the other side of that is that I own nothing at all which I should probably go sort at some point.

...Owning a house is not what it is “cracked up to be”, is my experience from many years of owning and renting, roughly in equal amounts.
...I now happily rent. What a blessedly simple arrangement. I have cashed up on my Capital gains and simply await the inevitable crash in house prices (currently underway) Ho Ho….

A quote from "E"Journal "Money Morning Australia"...

The Aussie housing market is going down the gurgler right now. And we're seeing more evidence of it by the day. Housing is going back to what it's supposed to be - being a home and not a money-making investment.

Trouble is, it's going to make a whole bunch of people poor along the way...end quote...