Comments on: Australian House Prices Are Severely and Seriously Unaffordable

By: Greg Atkinson

Greg Atkinson — Thu, 05 Nov 2009 08:34:06 +0000

By the way..Steve Keen has conceded and lost his bet. He will be making a long walk next year.

By: Biker Pete, Vancouver Island, Canada

Biker Pete, Vancouver Island, Canada — Sat, 10 Oct 2009 15:05:50 +0000

Thanks, Dan. Makes sense!~

By: Dan

Dan — Sat, 10 Oct 2009 08:22:48 +0000

Biker, the moderation system is IP filtered. Australia only as far as I can tell.

By: Biker Pete, Vancouver Island, Canada

Biker Pete, Vancouver Island, Canada — Sat, 10 Oct 2009 03:51:24 +0000

Ned, 9/10/09: "You may have got a high(ish) score because those who recognised the mild sarcasm rated the comment with that in mind while those who didn't rated it as read Biker?"

Just my very subtle way of reminding our moderator that I've no access to the rating system, Ned. As one of their very earliest contributors, you'd think my cogent, witty, expert comments would be welcome, wouldn't you?!~

VI is lacking the best Oz wines, Dan. We're dumping our 'vin ordinaire' on the poor unsuspecting Canucks... .

By: Ned S

Ned S — Sat, 10 Oct 2009 01:56:45 +0000

No, no ... You don't understand Biker - My retirement plan is to work for wages until I have enough to buy a gold lease with a creek on it, then I'll make myself a stone hut out of the rocks I dig out of my mine and plant fruit and veg on the surface so I'm totally self sufficient - And give some of the gold to the government every year to pay for the lease renewal - And look at the rest regularly because it is really pretty and I never enjoyed looking at TV or books anyway. (Government puts the gold in things called "vaults" I hear? I'm not sure why - Maybe they like looking at it too ...)

By: Dan

Dan — Fri, 09 Oct 2009 22:07:41 +0000

Haha Biker. You're onto something all right! (must be something missing from the water in Vancouver Island).

By: Biker Pete, Vancouver Island, Canada

Biker Pete, Vancouver Island, Canada — Fri, 09 Oct 2009 14:34:53 +0000

I know... I know...!!! But it does confirm something I've long suspected, Greg. Goldbugs really DO want property... . They'll flog the precious stuff for a commodity many tell us is doomed, overrated, destined to crash and burn. Wave just a little bit of beachfront at 'em and they salivate...!

By: Greg Atkinson

Greg Atkinson — Fri, 09 Oct 2009 11:48:46 +0000

Biker Pete, if you get a good rating on DR then perhaps you know you are doing something wrong

By: Ned S

Ned S — Fri, 09 Oct 2009 07:28:46 +0000

I think you summed it up nicely Dan. With the majority probably not really wanting a really nasty recession so we can all get a big discount on house prices - Although, Yes, I understand that wish from a minority too I think.

You may have got a high(ish) score because those who recognised the mild sarcasm rated the comment with that in mind while those who didn't rated it as read Biker?

By: Dan

Dan — Fri, 09 Oct 2009 07:04:12 +0000

Anthony I heard that argument from an accountant recently, but my experience with politicians and the process of synthesizing policy says the real reason they won't let property fail (at this point) is that _banks_ are unprepared for such an eventuality. I remember when Rudd came out with his stimulus packages and deposit guarantees. This was in response to rumours and a real danger of "bank holidays" and runs on banks _in Australia_ - that is where it all came from (we and others were cashing up in case one morning we ended up with cash flow problems from the then likely failure of one of the 'big four'). It's easier at this point to lump the absurdity of the situation on forced repayments through future tax changes (by Liberals most likely) than to hand the problem to those whose responsibility it is (today's people with impossible mortgages).