http://www.smh.com.au/opinion/polit...ope-for-fixing-tax-system-20110929-1kz76.html
I read and reread this article in utter disbelief. And is published by smh on the front page.
"why are house prices high in Australia?"
Because:
1. Credit is "freely available"
2. Interest rates have halved from 1990 levels
Huhhhhh.....have you ever tried borrowing? Or did you know the 18% interest rates in 1990s were monetary poicies carried out in extreme situations where there was a hyperinflation followed by a recession. And this is not 'normal'.
Sorry, I don't mean to discredit an property 'expert' but I wish you owned a house and paid a mortgage before you wrote about the housing Tax re-structure in Australia again.
Little knowledge by pimple faced writers can do great harm.
I read and reread this article in utter disbelief. And is published by smh on the front page.
"why are house prices high in Australia?"
Because:
1. Credit is "freely available"
2. Interest rates have halved from 1990 levels
Huhhhhh.....have you ever tried borrowing? Or did you know the 18% interest rates in 1990s were monetary poicies carried out in extreme situations where there was a hyperinflation followed by a recession. And this is not 'normal'.
Sorry, I don't mean to discredit an property 'expert' but I wish you owned a house and paid a mortgage before you wrote about the housing Tax re-structure in Australia again.
Little knowledge by pimple faced writers can do great harm.