tag:blogger.com,1999:blog-19408890.post116944755896876919..comments2024-02-07T21:14:26.719+11:00Comments on Oikos: Who’s to blame for the ‘housing crisis’?David Jefferyhttp://www.blogger.com/profile/11826563619710355534noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-19408890.post-26497662624722536432012-05-17T19:49:19.453+10:002012-05-17T19:49:19.453+10:00Thank You for sharing Valuable information in this...Thank You for sharing Valuable information in this blog <br /><a href="http://www.conveyancingnorthernbeaches.com/" rel="nofollow">conveyancing Sydney</a>Peterhttps://www.blogger.com/profile/11508160555991903729noreply@blogger.comtag:blogger.com,1999:blog-19408890.post-22011240050702679052007-09-30T13:41:00.000+10:002007-09-30T13:41:00.000+10:00There lots of factors that contribute, most of whi...There lots of factors that contribute, most of which haven't been mentioned by the mainstream media because they can't be fixed in the short term.<BR/><BR/>Here's a post about them:<BR/><BR/>http://www.searchtempoblog.com/?p=11323 SQN Bloghttps://www.blogger.com/profile/18066181151922141261noreply@blogger.comtag:blogger.com,1999:blog-19408890.post-36943842252721021812007-02-15T07:46:00.000+11:002007-02-15T07:46:00.000+11:00Don't forget that we are seeing housing bubbles al...Don't forget that we are seeing housing bubbles all around the world. There is a lot of liquidity floating about right now due to what some call a "massive credit bubble".<BR/><BR/>Different places, at different time, become attractors. Right now there are a lot of attractors. What comes next, and when is anybody's guess. More at my <A HREF="http://forestpolicy.typepad.com/economics" REL="nofollow">Econ Dreams-Nightmares blog</A> and some of the links on the sidebar.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19408890.post-1169465207032499332007-01-22T22:26:00.000+11:002007-01-22T22:26:00.000+11:00Hi David.I don't know a heap about the housing mar...Hi David.<BR/><BR/>I don't know a heap about the housing market, but I have spent a bit of time trying to understand it since becoming a home owner.<BR/><BR/>I think the stamp duty claim is a bit of a furfy. Reducing it will increase affordability and will probably increase prices slightly as demand increases - but the key words in the first Herald article are "while keeping the negative gearing loophole open".<BR/><BR/>Negative gearing, as far as my research tells me, is one of the key drivers for property price growth. If the feds had have removed the negative gearing loophole, and then lowered the CG tax, the market boom wouldn't have happened - it would have done the opposite in fact, if the Labor's experience attempting the same is anything to go by.<BR/><BR/>Whether the CG tax reduction would have balanced things out I don't know (but I suspect it wouldn't). So my take on it is that the CG tax decrease was pretty much a hand-out to investors - which of course drove prices up.<BR/><BR/>It's a loaded gun that negative gearing loophole - keep it and prices inflate, get rid of it and the property market crashes. Unfortunately, removing the loophole would hit the 'mom and pops' harder than the investors, as a lot of people have been enticed to take on two or three mortgages as part of their investment strategy, lured by the negative gearing carrot.<BR/><BR/>When the NSW State Government dropped stamp duty for first home owners, it did pick the market up a bit, but didn't cause it to boom. So I suspect it's a 'pass the buck' manoeuvre on the fed's part...Anonymousnoreply@blogger.com