Im from melbourne
And moved to Wagga... says loads about Melbourne.
My point was that Australia didn't experience a housing bubble like the rest of us did because they are too far away to attract Americans and Europeans looking for a second home. The US bubble burst in sun belt -> Miami, Arizona, Las Vegas etc. The Euro bubble popped in places like Spain and Greece where people go for holidays.Uzique The Lesser wrote:
yeah, why would a european want to buy a 'vacation home' on the other side of the world? plus, to most europeans australia either seems like a) a racist and homogeneous shithole (see france) or b) just another version of england in the sun (see the rest of europe). add to that a huge flight-time, pretty expensive flights, and the fact australia has a very unfavourable exchange... it just makes no sense at all.Dilbert_X wrote:
Nope.Jay wrote:
Are there a lot of Europeans buying vacation homes there? Vacation homes are what went bust in the US and Europe for the most part.
Property isn't cheap here, the exchange rate is not in their favour, its not simple for non-residents to buy property and its a 24hr plane ride each way and upside down when they get here so they'd have to be fairly retarded.
europeans buy vacation homes in europe. there is enough diversity of culture and lifestyle here that you don't really need to go to the other side of the world. the north/south divide in europe is already pretty culturally/temperately different. you get plenty of brits buying houses in the south of france, spain, italy etc. for instance. much easier on the paperwork, too.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Shows the superiority of Melbourne if anything, they're all too busy having fun to waste time on a video game forumCybargs wrote:
notice how there aren't any people from melbourne posting on bf2s? just shows the superiority of sydney.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
My mother was from here and there was good career opportunities for my parents. I was 4 v0vDrunkFace wrote:
And moved to Wagga... says loads about Melbourne.
We did have a housing bubble though. It just didn't collapse after 2008, really house prices have basically stayed the same in real terms since then.Jay wrote:
My point was that Australia didn't experience a housing bubble like the rest of us did because they are too far away to attract Americans and Europeans looking for a second home. The US bubble burst in sun belt -> Miami, Arizona, Las Vegas etc. The Euro bubble popped in places like Spain and Greece where people go for holidays.Uzique The Lesser wrote:
yeah, why would a european want to buy a 'vacation home' on the other side of the world? plus, to most europeans australia either seems like a) a racist and homogeneous shithole (see france) or b) just another version of england in the sun (see the rest of europe). add to that a huge flight-time, pretty expensive flights, and the fact australia has a very unfavourable exchange... it just makes no sense at all.Dilbert_X wrote:
Nope.
Property isn't cheap here, the exchange rate is not in their favour, its not simple for non-residents to buy property and its a 24hr plane ride each way and upside down when they get here so they'd have to be fairly retarded.
europeans buy vacation homes in europe. there is enough diversity of culture and lifestyle here that you don't really need to go to the other side of the world. the north/south divide in europe is already pretty culturally/temperately different. you get plenty of brits buying houses in the south of france, spain, italy etc. for instance. much easier on the paperwork, too.
The paradox is only a conflict between reality and your feeling what reality ought to be.
~ Richard Feynman
~ Richard Feynman
Prices have dipped over the past few years as the prices were inflated previous to that. The bubble didn't burst here, just had some air let out of it
"Gone sideways" is probably the best way to describe it.
The paradox is only a conflict between reality and your feeling what reality ought to be.
~ Richard Feynman
~ Richard Feynman
I'm not questong your personal merit, just asking what cultural activities you pursue.Jaekus wrote:
lol
You can go to strip clubs and 'be in a band' pretty well anywhere, why is Sydney so special?
Fuck Israel
The US housing bubble had precisely nothing to do with Europeans, or Americans even, buying up holiday homes.Spark wrote:
We did have a housing bubble though. It just didn't collapse after 2008, really house prices have basically stayed the same in real terms since then.Jay wrote:
My point was that Australia didn't experience a housing bubble like the rest of us did because they are too far away to attract Americans and Europeans looking for a second home. The US bubble burst in sun belt -> Miami, Arizona, Las Vegas etc. The Euro bubble popped in places like Spain and Greece where people go for holidays.Uzique The Lesser wrote:
yeah, why would a european want to buy a 'vacation home' on the other side of the world? plus, to most europeans australia either seems like a) a racist and homogeneous shithole (see france) or b) just another version of england in the sun (see the rest of europe). add to that a huge flight-time, pretty expensive flights, and the fact australia has a very unfavourable exchange... it just makes no sense at all.
europeans buy vacation homes in europe. there is enough diversity of culture and lifestyle here that you don't really need to go to the other side of the world. the north/south divide in europe is already pretty culturally/temperately different. you get plenty of brits buying houses in the south of france, spain, italy etc. for instance. much easier on the paperwork, too.
Aus is probably still in a property bubble to a large extent, its flatlined though so inflation is taking care of it.
Fuck Israel
strip-clubs and rock bands are the sum-total of 'culture' for you? jesus.Dilbert_X wrote:
I'm not questong your personal merit, just asking what cultural activities you pursue.Jaekus wrote:
lol
You can go to strip clubs and 'be in a band' pretty well anywhere, why is Sydney so special?
holy shit i just read this. you think the housing market crash was because of all those bourgeois summer trippers buying second homes? what?!? the US economic bubble burst because of sub-prime loans. your housing market crashed because the bottom fell out of it. not because too many wealthy upper-middle class people were buying homes in miami. what the fuck am i even reading? and spain and greece's economic problems have NOTHING to do with the brits on the costa del sol. and i've never heard much about many europeans buying second-homes in greece. seriously, the fuck am i reading?!?Jay wrote:
My point was that Australia didn't experience a housing bubble like the rest of us did because they are too far away to attract Americans and Europeans looking for a second home. The US bubble burst in sun belt -> Miami, Arizona, Las Vegas etc. The Euro bubble popped in places like Spain and Greece where people go for holidays.Uzique The Lesser wrote:
yeah, why would a european want to buy a 'vacation home' on the other side of the world? plus, to most europeans australia either seems like a) a racist and homogeneous shithole (see france) or b) just another version of england in the sun (see the rest of europe). add to that a huge flight-time, pretty expensive flights, and the fact australia has a very unfavourable exchange... it just makes no sense at all.Dilbert_X wrote:
Nope.
Property isn't cheap here, the exchange rate is not in their favour, its not simple for non-residents to buy property and its a 24hr plane ride each way and upside down when they get here so they'd have to be fairly retarded.
europeans buy vacation homes in europe. there is enough diversity of culture and lifestyle here that you don't really need to go to the other side of the world. the north/south divide in europe is already pretty culturally/temperately different. you get plenty of brits buying houses in the south of france, spain, italy etc. for instance. much easier on the paperwork, too.
They are for Jaekus apparently.Uzique The Lesser wrote:
strip-clubs and rock bands are the sum-total of 'culture' for you? jesus.Dilbert_X wrote:
I'm not questong your personal merit, just asking what cultural activities you pursue.Jaekus wrote:
lol
You can go to strip clubs and 'be in a band' pretty well anywhere, why is Sydney so special?
Fuck Israel
The only parts of the country that experienced real depreciation in housing prices a la bubble prices, were sunbelt states, including southern california as well. Those markets collapsed, economy sank, banks went boom.Uzique The Lesser wrote:
holy shit i just read this. you think the housing market crash was because of all those bourgeois summer trippers buying second homes? what?!? the US economic bubble burst because of sub-prime loans. your housing market crashed because the bottom fell out of it. not because too many wealthy upper-middle class people were buying homes in miami. what the fuck am i even reading? and spain and greece's economic problems have NOTHING to do with the brits on the costa del sol. and i've never heard much about many europeans buying second-homes in greece. seriously, the fuck am i reading?!?Jay wrote:
My point was that Australia didn't experience a housing bubble like the rest of us did because they are too far away to attract Americans and Europeans looking for a second home. The US bubble burst in sun belt -> Miami, Arizona, Las Vegas etc. The Euro bubble popped in places like Spain and Greece where people go for holidays.Uzique The Lesser wrote:
yeah, why would a european want to buy a 'vacation home' on the other side of the world? plus, to most europeans australia either seems like a) a racist and homogeneous shithole (see france) or b) just another version of england in the sun (see the rest of europe). add to that a huge flight-time, pretty expensive flights, and the fact australia has a very unfavourable exchange... it just makes no sense at all.
europeans buy vacation homes in europe. there is enough diversity of culture and lifestyle here that you don't really need to go to the other side of the world. the north/south divide in europe is already pretty culturally/temperately different. you get plenty of brits buying houses in the south of france, spain, italy etc. for instance. much easier on the paperwork, too.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
that's a puzzling bit of historical revision there. last time i checked everyone pinned the first economic dip on sub-prime mortgage lending. not people buying holiday mansions they couldn't afford in sunny miami. also, again, doesn't really work when you talk about how it 'came across' to europe. none of the european financial crisis was triggered by a housing bubble. greece isn't fucked because it oversold beach-front properties.
Last edited by Uzique The Lesser (2013-05-06 05:52:01)
The sun belt property belt was affected by the subprime mortgages. Subprime mortgage was the cause, sun belt holiday shit was just collateral.Uzique The Lesser wrote:
that's a puzzling bit of historical revision there. last time i checked everyone pinned the first economic dip on sub-prime mortgage lending. not people buying holiday mansions they couldn't afford in sunny miami. also, again, doesn't really work when you talk about how it 'came across' to europe. none of the european financial crisis was triggered by a housing bubble. greece isn't fucked because it oversold beach-front properties.
cause and effect though, surely? that's like saying the economic recession was caused by high unemployment. it's putting the cart before the horse.
pretty much just a cause and affect thing and jay is looking at state level affects in the sun belt. sub prime + low interest rates fucked the housing market, fucked the finance sector up, rich people have to sell their second homes to to recoup losses, states lose property tax revenue. sub prime mortgages come first, everything else is interrelated.Uzique The Lesser wrote:
cause and effect though, surely? that's like saying the economic recession was caused by high unemployment. it's putting the cart before the horse.
For someone who has a profession you can be amazingly dense.Dilbert_X wrote:
They are for Jaekus apparently.Uzique The Lesser wrote:
strip-clubs and rock bands are the sum-total of 'culture' for you? jesus.Dilbert_X wrote:
I'm not questong your personal merit, just asking what cultural activities you pursue.
You can go to strip clubs and 'be in a band' pretty well anywhere, why is Sydney so special?
They aren't mutually exclusive. Lots of people were getting deep into land speculation. Subprime doesn't necessarily mean you are a deadbeat poor person, it also encompasses people leveraged out their ass. A land developer with way higher loan values than assets would be subprime.Uzique The Lesser wrote:
that's a puzzling bit of historical revision there. last time i checked everyone pinned the first economic dip on sub-prime mortgage lending. not people buying holiday mansions they couldn't afford in sunny miami. also, again, doesn't really work when you talk about how it 'came across' to europe. none of the european financial crisis was triggered by a housing bubble. greece isn't fucked because it oversold beach-front properties.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
-Frederick Bastiat
Fuck you lot are boring. Property prices...
[Blinking eyes thing]
Steam: http://steamcommunity.com/id/tzyon
Steam: http://steamcommunity.com/id/tzyon
Because, yes, in a recession discretionary spending and luxuries get hit first, hence holiday areas take the first hit as spending dries up and people ditch their weekend home at any price.Jay wrote:
The only parts of the country that experienced real depreciation in housing prices a la bubble prices, were sunbelt states, including southern california as well. Those markets collapsed, economy sank, banks went boom.
Holiday home ownership didn't cause the collapse though.....
Fuck Israel
I have nothing of value to contribute
Cept this
Cept this
Meeting kids at a school in Brisbane
Aiming to promote my party's NBN
I said, "Do you seek-a more bandwidth?"
They just smiled and threw me a vegemite sandwich.
And they said....
Aiming to promote my party's NBN
I said, "Do you seek-a more bandwidth?"
They just smiled and threw me a vegemite sandwich.
And they said....
[Blinking eyes thing]
Steam: http://steamcommunity.com/id/tzyon
Steam: http://steamcommunity.com/id/tzyon
I love saying BRISBAYNE on voip when there's an Aussie on.