The Great Australian Property Swindle

Closed Thread Subscribe

Thread Tools

Apr 16th 2011, 6:37 am

#931

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Steve2009

FHBB 2.0? See if they can fool the bogans twice.

Unlikely.

Apr 16th 2011, 6:38 am

#932

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Steve2009

http://www.theaustralian.com.au/busi...-1226036868376
http://www.businessspectator.com.au/...Z?OpenDocument

No mention of first home vendor's grant in either of them.

Apr 16th 2011, 6:39 am

#933

Swerv-o

has lost The Game

Joined: Apr 2005

Location: Chippendale, Sydney

Posts: 8,735

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Rambi

That's a new one on me.

I knew what you meant...

S

Apr 16th 2011, 6:41 am

#934

Steve2009

BE Forum Addict

Joined: Mar 2009

Posts: 1,412

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Rambi

No mention of first home vendor's grant in either of them.

I'm assuming your post was a joke, he was referring to the real motivation behind the FHB. I just wanted to throw that article in there, not that it should be news to anyone.

Apr 16th 2011, 6:45 am

#935

Swerv-o

has lost The Game

Joined: Apr 2005

Location: Chippendale, Sydney

Posts: 8,735

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Steve2009

I'm assuming your post was a joke, he was referring to the real motivation behind the FHB. I just wanted to throw that article in there, not that it should be news to anyone.

I think the confusion has arisen over the use of the term 'First Home VENDORS Grant' as opposed to anything else.

I believe that Rambi was articulating that he wasn't aware of any such scheme.

S

Apr 16th 2011, 6:46 am

#936

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Steve2009

I'm assuming your post was a joke, he was referring to the real motivation behind the FHB. I just wanted to throw that article in there, not that it should be news to anyone.

It was playful.

It's funny how many think that the FHBG was started by Labor.

Apr 16th 2011, 6:46 am

#937

Steve2009

BE Forum Addict

Joined: Mar 2009

Posts: 1,412

Re: The Great Australian Property Swindle

That's the problem with conveying certain forms of humour in print, you're not sure who's joking and who's not.

Apr 16th 2011, 6:47 am

#938

Steve2009

BE Forum Addict

Joined: Mar 2009

Posts: 1,412

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Rambi

It was playful.

It's funny how many think that the FHBG was started by Labor.

The boost was Labour though? Or is there a suggestion that play came solely from the administrators?

Apr 16th 2011, 6:50 am

#939

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Steve2009

The boost was Labour though? Or is there a suggestion that play came solely from the administrators?

The boost was Labor and that's obviously what confuses people.

Apr 16th 2011, 6:50 am

#940

bcworld

Frequent Flyer Member

Joined: Jun 2007

Location: Melbourne

Posts: 10,994

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Steve2009

The boost was Labour though? Or is there a suggestion that play came solely from the administrators?

I was gunna say, First Home Vendors Boost is probably more appropriate.

I agree the boost was seriously bad policy.

Apr 16th 2011, 6:51 am

#941

Steve2009

BE Forum Addict

Joined: Mar 2009

Posts: 1,412

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Rambi

The boost was Labor and that's obviously what confuses people.

Note that it's 'Labour' in Ireland. I'll have to adjust my spelling to avoid blowing my cover over here.

Apr 16th 2011, 6:54 am

#942

Steve2009

BE Forum Addict

Joined: Mar 2009

Posts: 1,412

Re: The Great Australian Property Swindle

Quote:

Originally Posted by bcworld

I was gunna say, First Home Vendors Boost is probably more appropriate.

I agree the boost was seriously bad policy.

I'd question the merits of the policy altogether. If there is a 'property ladder' as we're led to believe then this is always a subsidy to vendors because every buyer in this market has this subsidy so there is no advantage to the buyer.

Apr 16th 2011, 6:54 am

#943

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Steve2009

Note that it's 'Labour' in Ireland. I'll have to adjust my spelling to avoid blowing my cover over here.

It's Labour in the UK as well. I believe it was King O'Malley (an American in the ALP) who pushed for the name change to emphasize closer relations with the US.

Last edited by Rambi; Apr 16th 2011 at 7:02 am. Reason: grammar :D

Apr 16th 2011, 6:56 am

#944

Steve2009

BE Forum Addict

Joined: Mar 2009

Posts: 1,412

Re: The Great Australian Property Swindle

Quote:

Originally Posted by Rambi

It's Labour in the UK as well. I believe King O'Malley (an American in the ALP) who pushed for the name change to emphasis closer relations with the US.

Thanks for that nugget, I was curious but not curious enough to do the leg work to find out why.

Apr 16th 2011, 6:59 am

#945

Rambi

Rhino with a big horn!

Joined: Feb 2011

Posts: 3,117

Re: The Great Australian Property Swindle

Quote:

Originally Posted by bcworld

I was gunna say, First Home Vendors Boost is probably more appropriate.

I agree the boost was seriously bad policy.

I'm not sure I could call it. It was principally aimed at providing stimulus to the economy rather than to boost housing. Housing at that time didn't need boosting whereas the economy needed protecting. As the economy faired quite well it could be said that it was good policy. If it was bad policy I think it's too early to call. If we have a serious housing market crash across the whole of Aus in the next 2 years then I would be prepared to call it bad policy.