The Great Australian Property Swindle

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Mar 30th 2011, 2:49 am

#796

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Fluid36

Everyone please sign this (you too Amazulu):

http://www.prosper.org.au/

Sorry but they mentioned Ponzi so by Rambi's law they automatically lose the argument.

Mar 30th 2011, 2:51 am

#797

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Amazulu

I spotted you a mile off

Quote:

Originally Posted by Fluid36

Thanks - appreciate being noticed by such a legend.

For the sake of the rest of us please get a room!

Mar 30th 2011, 8:28 am

#798

fish.01

Lost in BE Cyberspace

Joined: Dec 2008

Posts: 6,039

Re: The Great Australian Property Swindle

Average mortgage similar to the uk...unemployment lower.

Mar 30th 2011, 9:03 am

#799

Steve2009

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Joined: Mar 2009

Posts: 1,412

Re: The Great Australian Property Swindle

Isn't that comparison flawed? i.e. the average mortgage one.

Mar 30th 2011, 9:08 am

#800

bcworld

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Joined: Jun 2007

Location: Melbourne

Posts: 10,994

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Steve2009

Isn't that comparison flawed? i.e. the average mortgage one.

Not sure...at the moment there is a considerable difference in interest rates.

Mar 30th 2011, 9:42 am

#801

fish.01

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Joined: Dec 2008

Posts: 6,039

Re: The Great Australian Property Swindle

Quote:

Originally Posted by bcworld

Not sure...at the moment there is a considerable difference in interest rates.

Because they needed to dampen down inflation due to spending pressures. A sign of an economy doing ok. Room to reduce them again if necessary.

Mar 30th 2011, 9:57 am

#802

bcworld

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Joined: Jun 2007

Location: Melbourne

Posts: 10,994

Re: The Great Australian Property Swindle

Quote:

Originally Posted by fish.01

Because they needed to dampen down inflation due to spending pressures. A sign of an economy doing ok. Room to reduce them again if necessary.

The RBA rate is currently low by historical standards...it probably has much more scope to go up than down.

Mar 30th 2011, 10:38 am

#803

fish.01

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Joined: Dec 2008

Posts: 6,039

Re: The Great Australian Property Swindle

Quote:

Originally Posted by bcworld

The RBA rate is currently low by historical standards...it probably has much more scope to go up than down.

Apparently we had a permanent structural adjustment around 1999/2000 that means our interest rates are following a permanently lower course. Same deal for inflation which I think may be part of the equation. Just what I read the experts saying so can't add much to that.

Last edited by fish.01; Mar 30th 2011 at 10:41 am.

Mar 30th 2011, 11:25 am

#804

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: The Great Australian Property Swindle

Quote:

Originally Posted by bcworld

The RBA rate is currently low by historical standards...it probably has much more scope to go up than down.

I'm not sure the historical standards have much meaning so soon after a major upset like the GFC?

Also wouldn't the difference between interest rates be more meaningful than the absolute rate?

Just wondering.