<?xml version="1.0" encoding="UTF-8"?>
<!-- generator="Tiki CMS/Groupware via FeedCreator 1.7.2" -->
<?xml-stylesheet href="http://bubblepedia.net.au/lib/rss/rss-style.css" type="text/css"?>
<rss version="0.91">
    <channel>
        <title>bubblepedia forums</title>
        <description><![CDATA[bubblepedia forums]]></description>
        <link>http://bubblepedia.net.au/tiki-forums_rss.php</link>
        <lastBuildDate>Wed, 10 Mar 2010 21:03:43 +0100</lastBuildDate>
        <generator>Tiki CMS/Groupware via FeedCreator 1.7.2</generator>
        <image>
            <url>http://bubblepedia.net.au/img/tiki.jpg</url>
            <title>tikiwiki logo</title>
            <link>http://bubblepedia.net.au/tiki-index.php</link>
            <description><![CDATA[Feed provided by http://bubblepedia.net.au/tiki-index.php. Click to visit.]]></description>
        </image>
        <language>en-us</language>
        <item>
            <title>Think For Yourself</title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4238</link>
            <description><![CDATA[Read these four articles. Compare these four articles. Think for yourself. Escape the Orwellian memory hole. 

AUSTALIA BEFORE THE BUST

-- Article (press release) in The Age, 10 March 2010. 

http://www.theage.com.au/business/rba-warns-home-prices-could-go-higher-20100310-pwlj.html?comments=61#comments

IRELAND BEFORE THE BUST

-- Article (press release) in the Irish Independent, 9 June 2004.

http://www.irishtimes.com/newspaper/finance/2004/0609/1086274477157.html

-- Article (press release) in The Irish Independent, 2 April 2007.

http://www.irishtimes.com/newspaper/finance/2007/0402/1175003662932.html

IRELAND AFTER THE BUST

-- Article (press release) in the Irish Independent, 19 January 2010.

http://www.irishtimes.com/newspaper/breaking/2010/0119/breaking59.html 

]]></description>
            <author>bluehumaninavacuum</author>
            <pubDate>Wed, 10 Mar 2010 04:52:52 +0100</pubDate>
        </item>
        <item>
            <title>The henry report, whats in it re housing?</title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4235</link>
            <description><![CDATA[Are there any rumours out there about whats in the henry report. I realise there is some stuff related to resources taxes, but i read a while back something referring to reduced CGT and negative gearing. Is Rudd holding back on publishing this to keep the public clueless on the real reasons for our unaffordable housing? It woudl be consistent with the govt/media's approach to the elephant in the room.

.... will he be like the NZ govt. Reject most of the recommendations of the recent tax working group (and near unaminous opinion from economists and business) and make small (or no) steps to reducing housing's comparative tax advantage.


ph - and nice to see another record drop in home loan approvals. Surely this is a leading indicator??  ]]></description>
            <author>squirrell</author>
            <pubDate>Wed, 10 Mar 2010 01:39:43 +0100</pubDate>
        </item>
        <item>
            <title>Interesting reading....</title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4206</link>
            <description><![CDATA[http://www.longwavegroup.com/publications/special_editions/2009/091222_Dow1000.php

I don't agree with his prognosis but his analysis of bubbles reminds me of a certain bubble we have at home!]]></description>
            <author>jc1982</author>
            <pubDate>Sun, 07 Mar 2010 03:43:56 +0100</pubDate>
        </item>
        <item>
            <title>Government's next move</title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4202</link>
            <description><![CDATA[I suspect that the action of the property market is turning into a significant political headwind for Rudd, and that this will become more apparent as the next election looms. Our own Government’s abject failure to secure affordable housing for average citizens in the face of high immigration and lofty “Big Australia” visions cannot be excused. The unfolding social disaster of plummeting housing affordability is now obvious to all and something will have to give.

If I was in Mr Rudd’s shoes I would make Affordable Housing a major focus for the coming election. Government holds the key through planning and land release, and a Labor Government should in theory have the political alignment and support for decisive intervention should this be demanded by the voter base. This has happened before in other countries and I see no reason for why it couldn’t happen here and now, given enough political support. By way of example I submit Sweden’s “Million Programme” of the 60s and 70s, where the nation was faced with a catastrophic shortage of housing as the colossal Boomer generation entered adulthood:

http://tinyurl.com/yc4ramn 

The result was aesthetically questionable but a social disaster was averted the nation was set up for decades of growth and prosperity. The Australian version may involve large-scale construction of medium density housing around suitable commuter hubs, with Government acting as Developer and properties auctioned to private owners on completion.

I expect that a national program for housing development would be overwhelmingly well received, with few credible arguments against it (other than from large property developers, aka “Land Bankers”). FHBG-type interventions have proven beyond doubt to be counter-productive and are unlikely to be repeated - the only remaining option (as far as the public can see, correctly or not) is to increase supply. A large-scale residential housing program would not only moderate property prices but also boost employment in Labor’s core constituency and lay a credible foundation for Big Australia, future skilled immigration programs etc. Carefully conceived and correctly pitched, I think this could be an election clincher for Rudd, particularly if (as many of us suspect) the world economy enter a second phase of softening in the coming year. 

Take it apart folks.
]]></description>
            <author>NM</author>
            <pubDate>Sat, 06 Mar 2010 23:04:12 +0100</pubDate>
        </item>
        <item>
            <title>The real cost of the FHBG </title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4199</link>
            <description><![CDATA[I noted this article today 

[http://www.calculatedriskblog.com/2010/03/very-expensive-home-buyer-tax-credit.html]

about the US tax credit for housing.

"This is no surprise and suggests that the extension and expansion of the home buyer tax credit will probably cost taxpayers over $100,000 for each additional home sold."

I wonder if anyone has any stats on the true cost to "You and me" and all the other people out there who either can't afford a home or choose not to buy one.

How much did I pay in taxes for someone elses house ?? And what govt services won't I and many other be receiving because of this debt that was taken on my behalf  that I see no value for ?

Obviously depending on your feelings of the FHBG ( and boost ) you would see a different cost/benefit. I personally think that the true cost will not be known for some time as I feel the FHBG boost is the trigger for the collapse of the whole pryramid, and that in the long run will cost many people a huge amount of money.]]></description>
            <author>hojusaram</author>
            <pubDate>Fri, 05 Mar 2010 04:30:39 +0100</pubDate>
        </item>
        <item>
            <title>Interest Rates...</title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4166</link>
            <description><![CDATA[(:eek:) The US housing bubble burst during historically low interest rates and with credit standards still getting looser. Is the opposite true? Australia has been increasing its interest rates over the past 4 or 5 months and tightening its lending standards and its housing sales and prices continue to accelerate.]]></description>
            <author>bps</author>
            <pubDate>Tue, 02 Mar 2010 01:03:23 +0100</pubDate>
        </item>
        <item>
            <title>buy this weekends fin review</title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4132</link>
            <description><![CDATA[All I can say is wow! I feel like i've just listened to a "success through real estate" motivational tape! While the first piece "safe as houses?" actually tries to pretend its a piece of journalism, the second piece byBen Hurley reads like an RE brochure. They quote real estate agent Theo Felekos (along with several other highly objective sources): "its gone beyond a sense of urgency, its desperation". Later he says that vendors dont even negotiate because the actual part of selling "is no longer important" (huh? translation please?) and that "people see what they like and just buy it". Oh my god! Its our last chance! Hey! Ive got an idea! If everyone on bubblepedia chips in I reckon we could buy something with no debt and double our money by wednesday!]]></description>
            <author>jc1982</author>
            <pubDate>Sat, 27 Feb 2010 03:07:22 +0100</pubDate>
        </item>
        <item>
            <title>Rents through the roof</title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4117</link>
            <description><![CDATA[I just signed a new lease and locked in our rent until May 2011.
The increase in rent was a measly 2%.

The MSM have been preaching about 'rents through the roof' this year, which is utter crap, considering vacancy rates are still rising where I live in Brisbane (do a search on realestate.com.au, or google maps).

To put the 2% rise into perspective, our enterprise bargaining agreement that lasts until 2012 includes a 4.5% indexation increase __every year__, which means I am getting more income and paying less rent (:biggrin:)]]></description>
            <author>juicedpixels</author>
            <pubDate>Fri, 26 Feb 2010 03:32:49 +0100</pubDate>
        </item>
        <item>
            <title>IF HOUSING PRICES ROSE WITH INFLATION</title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4102</link>
            <description><![CDATA[In 1997, my parents sold our family home for $127,000. The house was located in the seaside suburb of Altona (Melbourne). The single-story house had three bedrooms, a massive backyard (1000m2 land) and a fantastic garden. It was a truly lovely home. Most importantly, it was located one street back from the beach and less than 20kn from the CBD. 

Last night, I wondered what my parents' house would be worth today if housing prices had've risen in line with inflation. The answer is in the table below. Table reads: (DATE / CPI % CHANGE / HOUSE PRICE CHANGE). But before you look at the data, please note that most Altona homes near my childhood home are currently selling for between $700,000 and $800,000. They are advertised at a median price of $600,000 but, as we all know, the advertised price is always a deceptive underestimate.

DATA DERIVED FROM: 6401.0 - Consumer Price Index, Australia, Jun 2009 			

PRICE IN JAN 1997	127000

Mar-1997	0.2		127254
Jun-1997	-0.2		126999
Sep-1997	-0.4		126491
Dec-1997	0.3		126871
Mar-1998	0.3		127252
Jun-1998	0.6		128015
Sep-1998	0.2		128271
Dec-1998	0.5		128912
Mar-1999	-0.1		128784
Jun-1999	0.4		129299
Sep-1999	0.9		130462
Dec-1999	0.6		131245
Mar-2000	0.9		132426
Jun-2000	0.8		133486
Sep-2000	3.7		138425
Dec-2000	0.3		138840
Mar-2001	1.1		140367
Jun-2001	0.8		141490
Sep-2001	0.3		141915
Dec-2001	0.9		143192
Mar-2002	0.9		144481
Jun-2002	0.7		145492
Sep-2002	0.7		146510
Dec-2002	0.7		147536
Mar-2003	1.3		149454
Jun-2003	0.0		149454
Sep-2003	0.6		150351
Dec-2003	0.5		151102
Mar-2004	0.9		152462
Jun-2004	0.5		153225
Sep-2004	0.4		153838
Dec-2004	0.8		155068
Mar-2005	0.7		156154
Jun-2005	0.6		157091
Sep-2005	0.9		158505
Dec-2005	0.5		159297
Mar-2006	0.9		160731
Jun-2006	1.6		163302
Sep-2006	0.9		164772
Dec-2006	-0.1		164607
Mar-2007	0.1		164772
Jun-2007	1.2		166749
Sep-2007	0.7		167916
Dec-2007	0.9		169428
Mar-2008	1.3		171630
Jun-2008	1.5		174205
Sep-2008	1.2		176295
Dec-2008	-0.3		175766
Mar-2009	0.1		175942
Jun-2009	0.5		176822]]></description>
            <author>bluehumaninavacuum</author>
            <pubDate>Thu, 25 Feb 2010 06:25:47 +0100</pubDate>
        </item>
        <item>
            <title>Foreign Investment: Funny thought</title>
            <link>http://bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=4088</link>
            <description><![CDATA[is it really so bad if a whole bunch of chinese speculators bail ours out?

I mean, the prices are nutty. My home was sold recently for 2*10^6 which is at least 2.5 times it's value in relation to other income earning assets. 

If the poor chap who owns it now can sell it to an overseas speculator for 25% more, then he's been bailed out, he can live happily ever after, I have an absentee debtslave and I can live happily ever after, and when the music stops the distress is overseas somewhere and we can't even see it.

Also, an overseas speculator is far less likely to be as firmly attached to the belief that they must own realestate in grong grong or oodnawoopwoop waters, so they are more likely to panic and dump and run. 

Simplistic I know, but it's not all bad if a bunch of Australians get to bail out at very high prices and bring a whole lot of foreign cash into the country, while possibly making a return to sanity a more rapid affair. ]]></description>
            <author>dan</author>
            <pubDate>Wed, 24 Feb 2010 10:06:37 +0100</pubDate>
        </item>
    </channel>
</rss>
