@TheKouk You’re confusing wealth transfers with wealth creation.
English
Stephen JF
1.1K posts
I get the impression that the bulk of Twitter folk don't like a country that has rising wealth via rising share & house prices.
This may explain why policy makers have little success advocating policy reforms that further build wealth. People don't want to be wealthy - odd
English
What you would hope to see with affordability so fabulously favourable... good to see so many first home buyers starting on the road to financial well being
James Foster@JFosterFM
The first home buyer market is flying.
English
A $500,000 mortgage at 2.5% over 30 years has a monthly repayment of $1,976
Like wow!
English
@TheKouk Why would more housing supply and cheaper dwellings be a bad thing? Would too many solar panels and cheaper electricity be a bad thing?
English
The big rise in building approvals is a good news/ bad news story
Good news: dwelling construction will in near term be less of a drag on GDP
Bad news: With population growth sliding as immigration stalls, we could see a housing glut which is bad for prices & financial stability
English
Some incredible trends unfolding in house prices:
October, month to date:
Sydney 0.1% (1.5% since start of 2020)
Melbourne -0.2% (-2.9%)
Brisbane 0.6% (2.6%)
Adelaide 1.1% (3.4%)
Perth 0.6% (-0.3%)
The house price terrorists squirm yet again
English
@HenrySherrell How about researching who benefits (wealthy people) and who loses (a majority)
English
Why it’s economically dumb to be a long term doomsday merchant switzer.com.au/the-experts/pe…
English
Donald Trump says 'more white people' than blacks are killed by police, who are doing 'an incredible job' abc.net.au/news/2020-07-1…
English
@ClubeGaffer @unionsaustralia High land prices by far the biggest problem.
English
Young people are suffering from insecure work, cuts to hours & an uncertain future.
If we aren’t protecting people what are we protecting?
#Covid #ausunions #auspol
youtu.be/0v3pb4KVmf8
YouTube
English
@Rexiebyronbay @abcnews What about the death of a person from COVID who was going to die the next day from another disease?
English
@abcnews I met a 99 year old this week who is more active than May 1/3 her age very active energetic and has so much life force and so much to give to others. Age has nothing to do with it. Every life is of equal value. If your using time left to devalue others your argument is floored.
English
@ladybertilak @smh Not if the prices fall big and stay down. Which would be the best long term outcome for the country
English
@jenkinsflint @smh He didn’t distinguish and that is separate question. Absolutely nothing to guarantee forced sale or repossession by banks will make housing more widely available - indeed, history suggests it will make the richest investors richer as they can swoop in on the bargains
English
One of ANZ Bank's most senior bankers says some borrowers who are unable to meet their mortgage payments will need to consider selling their properties in the coming months, warning it would not make sense to continue accruing interest. #Echobox=1594374400" target="_blank" rel="nofollow noopener">smh.com.au/business/banki…
English
@abcnews Why are house price reductions ‘bad’? When electricity or food becomes cheaper, is that also ‘bad’?
English
How bad is COVID for house prices compared to other great crashes of history? abc.net.au/news/2020-07-1…
English
English
@ladybertilak @smh What about investors? They should definitely have to sell.
English
@smh Well we can’t say we don’t know what he thinks of people and their homes now
English
In terms of GDP, the depths of the 2020 COVID Depression will probably not be as low as feared but it looks like the pick up will be slow and tepid - this is bad news for business, job seekers & the labour market more generally #2020Depression
English
Here is a great example of the quack-wankers out there - no idea how the economy works & linkages to unemployment & business from wealth destruction.
It is comforting they have no influence
Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator
On Money News the Kouk proposed that the Morrison govt pay people's mortgages up to a certain amount I'm tired of people protecting the bubble They say it will cause damage if it pops, absolutely it will But it has been causing damage for decades solely through its existence
English
@cmkusher It’s about the asset purchases those HK’s can do. Not good for the wage-earning, non-land owning Australian.
English
This is a very significant announcement on Hong Kong. The Morrison government is not only offering five years in Australia for Hongkongers already here, but announces an incentive program for HK businesses to move here, with pathways to residency for their staff.
English