Comment on Home prices fall across Australia as housing downturn takes hold

NigelFrobisher@aussie.zone ⁨4⁩ ⁨weeks⁩ ago

• HubertManne@piefed.social ⁨4⁩ ⁨weeks⁩ ago

  this was my thought. I mean maybe it will fall to the point of being affordable. oh boo hoo. gotta bail out corpos who lost money buying single family homes I bet.

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• Cypher@aussie.zone ⁨4⁩ ⁨weeks⁩ ago

  There are some people who bought at or near the peak who in theory lose out especially if they run into financial difficulties and are forced to sell at a loss.

  While house prices falling overall is good and I’m happy about it the reality is that a minority of people will be significantly worse off and they will be unhappy about it.

  Separating those people from the parasites who whinge that their ‘portfolios’ just got fucked can be difficult but only because the parasites are never honest about their situation when having a whinge.

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  • LavaPlanet@sh.itjust.works ⁨4⁩ ⁨weeks⁩ ago

    Housing is supposed to have ups and downs, it’s supposed to be a long term investment, to be able to recoup. At least that’s what it was before capital gains and negative gearing, and many other policies that have been stacking the game. There’s supposed to be a buyers market and a sellers market, and you’re supposed to know which you’re in. Historically, even if you sold in a sellers market, you still made money, because Housing always appreciates, just usually slowly (until the game stacking). So nobody lost out, really. These same policies that stack the game, also cause an uneven keel for all involved. To even get back to solid ground, we’re going to need to let house prices stagnate for decades to catch up to the overinflation, whilst also increasing public housing stock. Neither of which are proposed any time soon.

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• Seagoon_@aussie.zone ⁨4⁩ ⁨weeks⁩ ago

  still unaffordable for most

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