What will be the impact on the economy? put Labors intention to change negative gearing and what is the result
ABC this morning debate by financial planners and investors including once Liberal leader John Hewston, well worth finding a pod cast.
Talk of ten to fifteen percent fall in housing prices, and it has already begun.
Put trade war Trump vs China knowing both country's are over loaded with debt, are we wise to be careful
what do others think?

Not a bubble? not a financial crisis in waiting? can we be sure
If the pod cast exists it will surely, you on hearing it will not be getting the opinion of a street corner expert, those involved have very real cred
One foretold the GFC a year before it took place
Other contributing things that may, only may, impact if interest goes up is wage stagnation, how do you find that extra money.
If you are on an interest only loan you may suffer even more

Dear Belly,

Housing prices in our area are still rising.
And the ones buying are not locals. They're
being priced out of the market. It's overseas
investors doing the buying by the look of things.
What is disheartening - they're pricing young
families out of the market. And then these investors
seem to be putting their properties up "for lease."

The government needs to ensure that anyone who
buys property in this country - has to actually live
here. Otherwise the money is going overseas.
And families and young people are being priced out of
owning property.

Foxy the Chinese buyers did that in Sydney but that stopped after China put tighter rules in place
Sydney has lost 4 percent ,it lead the rises and seems to be leading the retreat.
Every one on the program agreed ten to fifteen percent will be the correction and not sure that did not mean country wide
Constant reports in Sydney media that about 18 percent of current home owners are in mortgage stress right now,how many of them are interest only payers?
Seems to warn any interest rise will find them paying more for a house, because of price falls, is worth less and one they can not sell without loss

The rich are getting poorer.

House prices are falling. But wait, didn't BS say negative-gearing and a capital gains tax concession (which supplanted fair indexing of the cost base) were why house prices rose before the fall?

Some capital city prices fell before and are still falling now.

Simplistic class-war, BS explanations don't fit, but Labor won't let that ruin a good narrative.

Sorry but as no Labor government, state or federal has any impact on NSW my thread remains a warning.
Not that the sky is falling but some big hail may be about to.
Find that pod cast, hear those voices, hear them say if the figures they name, not me, come to pass it will be the biggest correction in the housing market in 50 years.
They did not predict total recession, in fact said some would benefit.
But no one thing, including housing can forever deliver profits without one day confronting correction.
TOO hear that high stock markets in America and a supposed 6 percent per year rise in China mask the rising amount of debt both country's are in