When reading some threads I do realize how negative many of my countrymen/women have become. Think back to the 70'ties, or even 80'ties. There was so much energy and optimism. Today some believe the housing market will crash, some are kissing the A$ goodbye, some believe the Chinese are invading us, some believe we are undermined by Islam, some believe its the Asians and so on and so on.... I think we face harder times, but not life threatening. We have almost stopped producing things, which is a pity, our government cannot give a damn about climate change, but stopped the boats to keep people out although we helped to fukk up their countries, Iraq for example. So while I see a certain negativism it differs in nature. I think it is time we become a helpful nation again, a responsible nation that is and not only thinking about having somewhere an advantage (the Trump ideology sucks). But most importantly, don't let the negative thoughts ruin your life.... Yours Cats
I think the way the world is enough to discourage anyone. Is it just the usual fluctuation or is this just really bad sh*t happening? The leaders we have are not optimistic. They are mostly small minded people with their eyes on the next election. No one seems to be able to inspire us with vision and hope for the future.
Well the housing market are actually crashing...however I believe the problem for most people is debt. Nothing like financial stress to change your perspective from positive to negative.
I don"t see the housing market crashing, but correcting itself. Sometimes however I do wonder, with all those new suburbs being created, whom should they please? The developer and local government, I guess, and the tradies. But whom to sell all these new houses to? We haven't got the number of people, buying all these new houses. And if China gets a cough, well people are actually leaving WA. But with all the signs on the horizon, more houses are build..... Maybe if we return and live within our means, happiness is there to return.... Reg.
The housing market haven't found it's bottom yet and won't for some time... it's just too far over priced. The biggest issue is debt... the debt people already have and the amount of debt you need to go into to buy a property Here's the crash waiting to happen Interest-only loans worth $230 billion 'trap' 650,000, warns Morgan Stanley https://www.afr.com/real-estate/int...p-650000-warns-morgan-stanley-20190215-h1bbcy Now Labor wants to chase money laundered through real estate... billions of dollars (partially responsible for the astronomical prices)... what that means is these properties are also going to go up for sale... pushing prices even lower. They are at least 5-10 years too late. Loan sharks are salivating
