Amazulu

Personal debt levels are higher in Denmark, Switzerland, Holland and, I think, Norway

Explain that Herman!

the troubadour

What do you need explaining? That's well known, well at least by those in the know. Now can you spot the difference to Australia if any of those housing markets, which agreed are overheated implode. That's your homework for the week. But in the case of Denmark, they already experience a housing downturn only to have it reversed meaning some just never learn.

the troubadour

The hero of the right of The Liberal Party and former leader, Tony Abbott, spoke again last night about the need to reduce immigration which is leading to poorer living standards all around. Just a shame Abbott can see as much when most on here deny the bleeding obvious, one lobbyists in particular. Do hope your former leader and much missed speaker for the right wing platform, has in some way returned you to earth not to say reality and guess you'll just have to take it on the chin, in regards to the housing market.

Beoz

Yes it makes for a very dull read. Make sure you get right the way to the end.

https://www.theaustralian.com.au/national-affairs/immigration/scott-morrison-slaps-down-abbott-on-immigration-call/news-story/12d5e2f2d6962a8fd4945766cd98b4a2

So tell me how the $5BN skilled migration adds to the economy is going to be replaced and how a hole like that will increase living standards?

the troubadour

You quote me that fool Morrison. A most compromised crXp artist if any. A man more interested in career and getting the top job (God help OZ, if that ever comes to fruitarian) What's this gone cold on your Tony Abbott now? Seem to recall you and that Zulu bloke were big supporters of his right stance of politics within The Libs.


Fresh of the press. My reading of the situation is that Turnbull will make cuts to immigration prior to July, when the new immigration/financial year kicks in. Watch this space. Guess you'll just have to vote Greens or ALP that support Big Australia and over loading Australia's principle cities and applauding declining living standards not to say harmony and a host of ugly things that may well result.

the troubadour

The Australian is unworthy of its name. Murdoch has no interest in this nation as his past history has displayed. I don't belief half the editorials actually believe what they print, not to say feature writers. They write to a script clearly set down .


Of course corporations will favour mass immigration as their only concern is keeping costs to a minimum and repatriation of funds to shareholders.


I'm afraid the time for unlimited coolie immigration, whether from UK, or elsewhere is long over. What is required is a return to normal rated of migration sourced world wide and time for our cities to recover from the constant period of over loading in the services required to service the people we now have.

Beoz

Tony did some excellent things when he was in power.

The problem with Tony now is that he still wants to be heard and he knows immigration is a topic that resonates with many.

Sadly Tony says house prices will fall and the trains will be less crowded if immigration is cut.

As I have said before and ScoMo repeated dwelling construction and transportation building is not a stagnate thing. You and Tony seem to oddly believe we don't build dwellings or trains or roads anymore. You both a sadly mistaken.

And construction of buildings and roads and rail is a massive employer and tax contributor.

Without it our living standards will definately fall. You have a lot to learn.

Immigration may fall, and I suspect the Libs have enough sense to make sure its the non contributors they cut.

the troubadour

Of course Abbott wants to heard. He is a politician, not only that but an agenda of sorts to get even with Turnbull.


No idea with what you refer to, construction is not a stagnant thing. Of course it is not a stagnant thing, but Australia, especially Sydney and Melbourne need a breather and a cut in over loading these city's with immigration. It helps few in the end, outside of rent seekers and those with vested interests.


The only reason Scomo supports massive immigration is the fact that it is business to the tune of over $5 billion a year. A scandal what they charge for certain visa's.


Never thought I'd find ground to agree on with Abbott but there you go. He knows he's on to a winner. As I have been saying for a long time it is amply clear the anger out there the way things are going. People know darn well living standards are going down the spout at a rate of knots. Not just social media but random talks with people as well.


Afraid the neo economic libs and lefties are onto a flogging here, regardless that the media refuses to give much air to the matter, regardless of political stance. It just takes someone of statue, never mind being a flawed individual in most every other policy, to set the wheels rolling.


As I said, watch in a few months for a revised downward trend in immigration. Just hope the matter doesn't flame into something far more serious.

Beoz

Its far more sinister than that. He knows immigration, the skilled type, provides constant economic growth, which looks good for him, and makes our living standards increase.

Win win for everyone except you apparently.

the troubadour

You are among an ever decreasing number that plug that line. Scomo as mentioned has career ambitions of the highest order, though sad for him, even though the press has been muzzled, this won't go away. Living standards slipping away at a rate of knots. An economy sustained by Ponzi immigration is an economy walking on quick sands.


Everybody? Do you not leave your house? Of course those with mortgages they can ill afford more likely to sell this country down the swanny ...

Beoz

Its such a shame your inability to jump on your beloved property ladder has clouded your opinion on just about everything.

Only you can solve that problem.

the troubadour

I don't think anyone just quite as self obsessed and being so clueless as to be unable to form an argument exits on these forums, not in such a persistent
way anyway.


Well you certainly won't solve the problem, as haven't the vaguest insight into the problem called out. Here you go rabbiting about the housing ladder. Don't do housing ladders as well you know and while I understand your concerns about declining value investment, own up and admit to it, without deflecting your grief onto others.
Don't worry when your 'investment' halves, might even help you out by offering a 'true market' value to take it off your hands. A lot of proviso's there of course. Not at all convinced want to live in Sydney, a rather ordinary city on many measurements, besides being way over inflated.


You have yet to come up with a argument as to why a falling standard of living brought about by over whelming migration is a good thing. (besides fear of being in negative equity)


You know with your support for tax cuts, furthering wealth inequality and constant support of a Big Australia and the excesses as infrastructure and services and housing unaffordability groan under the strain, your disdain for the country you migrated to for, one assumes a better life, than the one you left behind, is highly subversive at best and darn right destructive at its worst.

Beoz

There is no answer to give when you keep banging on about falling living standards. Get that right and we might be able start somewhere.

Your grief over buying that inner city detachable is not reflective of the rest. Its your grief. No one elses.

Standards are rising on the whole (maybe not in Perth)

Move then.

the troubadour

So spiralling living costs and falling quality of life don't bother you? Got it. Rising house prises are all that matter and luckily for you we have a Real Estate Treasurer in place .


Besides that you possess no coherent argument what so ever. Over loading our cities to developing world status tick. Got it.

Beoz

It would if it was actually true. Many things are a cheaper than what they were 20 years ago. Quality of life for most is far better than it was 20 years ago.

There are many areas in which house prices are falling and for those who live there or would like to buy there its a non issue or a good thing respectively.

Again .... you are talking rubbish. Be more specific. Which area is your need to buy and your gripe about house prices associated with?

I personally don't mind if cities grow as long as infrastructure moves with it. It is the case in Sydney ... how's Perth?

If the big smoke isn't your thing, then go and live in a small city or a large town. The options are there for you.

As you said yourself, population density adds vibrancy. You can't have one without the other. Life is all about freedom of choice and if Australia has big cities for those who want it and smaller places for those who don't, then that's a good thing.