Amazulu

Fair enough - I'm not a lawyer. The basic point I was making was that you expect this kind of thing in places like Spain or France, not in ex-dominions of the British empire where property rights, laws and procedures are very strong - an Englishman's home is his castle etc..

JackTheLad

I was listening to a debate the other day on the radio about democracy and Islam, and it was saying that surprisingly large amounts of the Koran are about property law. As is the Magna Carta in the UK.

I mean forget about morality, it's all about property.

I wish I could find the programme again. Anyway, in Islam you can't charge interest on a mortgage. So what the banks do is lend you the money to buy your house, then you give the house to them, and then you are charged rent (*cough* interest *cough*) Until you've 'rented' it for long enough and then it's yours.


JTL

Pollyana

Pretty common in Qld, can't imagine anywhere else is any different. Its one reason why I decided against buying anywhere and will stick to renting, even if you buy there is no real security if the govt fancies your little plot of land.

Seneca21

I don't think it would stop me owning, but I understand your reluctance. It's obviously an issue in Australia because of the film The Castle - although that is for airport expansion and not just about padding the wallets of Asian property developers in their never-ending quest to destroy all of Australia's beautiful old homes.

I believe they're currently destroying hundreds of family homes on the new railway from London to - is it - Manchester. This is compulsory purchase as well. Compulsory purchase should be totally illegal except in the case of full-scale war. Anything less is an affront to democracy.

An alternative policy I would accept is that compulsory purchase and destruction of your family home can be allowed, but only if the main family homes of all the councillors who agree to it are also destroyed and parks put up in their place. That ought to cool their jets a little.

MartinLuther

At the end of the day Mohamed was a business man.

The Islamic mortgage is a crock. It certainly breaks the intention in the Koran. If you're going to jump through hoops to circumvent it you may as well just ignore it.

Swerv-o

How do they get on with credit card, other loans and the sort...


S

IvanM

I Wish us Catholics had as easy way to circumvent Vatican edicts on contraception other than Vatican Roulette.

MartinLuther

All types of Usury.

Go straight to hell. Do not pass go. Do not collect £200.

Swerv-o

You'll have to forgive my Koran knowledge - does this mean that using a credit card is out for a devout Muslim then?

Or can they use a credit card provided they make the full payment at the end of the month?


S

MartinLuther

From memory I don't think you're supposed to borrow or lend money at any time or to deal with any money lenders. So I reckon credit cards would be a no-no.

It's been about 15 years since I read up on it.

JackTheLad

I don't know the details, but from reading how they get round all the other rules about interest and borrowing. I'll bet there are Islamic credit cards.

I'll have a look because I know NAB recently set up an Islamic lending arm.

JTL

Google is my friend:

http://www.news.com.au/nab-to-introd...-1225734465168

fish.01

Were they not talking about just taking the land to give to developers though, rather than for infrastructure? I don't think that is common in qld?

Wendy

I had a compulsory purchase order placed on a house that I used to own. It was only a 'one up, one down' type of cottage. The ones that the woolcombers factory workers used to live in.

They didn't give me much for it, just enough to pay the mortgage out really.

I wasn't too bothered about it as the area wasn't the best anyway. But my next door neighbours were extremely upset about it all. They'd lived in their house for over 30 years - all of their married life. Their kids had been born there and their daughter who had died 10 years earlier had died there. The woman who lived there was devastated, all the memories of her daughters life were in that house and she felt like they had taken that away from her. They held out for a long while, and were the last to leave the street. It was awful to see

This was about 8 years ago now, and last time I looked they were building a new housing estate there.

Vash the Stampede

If you rent, the landlord can sell the house out from under your feet. There's no greater security. Of course, the government could also compulsorily acquire your landlord's house and kick you out so they can sell it on.

lapin_windstar

Phew, I was wondering how someone would find a way to blame it all on the Asians. Property prices - the Asians! Eminent domain - the Asians! Bent NSW politicians - the Asians! Congestion on the roads - the Asians! Seagull shit on my car's windscreen - the Asians! Burned my toast this morning - the Asians!