This is interesting
- Thread starter sprintman
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Originally Posted By: sprintman
http://www.news.com.au/business/money/story/0,28323,25184134-5013951,00.html
Quote:
"You can't even buy a second-hand car for that," Mr Szinger said.
Unlike a second-hand car, you can't drive one of those houses to a desirable location.
Some of those houses are overpriced at $1.00 because of the zero market value plus tax liability.
http://www.news.com.au/business/money/story/0,28323,25184134-5013951,00.html
Quote:
"You can't even buy a second-hand car for that," Mr Szinger said.
Unlike a second-hand car, you can't drive one of those houses to a desirable location.
Some of those houses are overpriced at $1.00 because of the zero market value plus tax liability.
Originally Posted By: XS650
Originally Posted By: sprintman
http://www.news.com.au/business/money/story/0,28323,25184134-5013951,00.html
Quote:
"You can't even buy a second-hand car for that," Mr Szinger said.
Unlike a second-hand car, you can't drive one of those houses to a desirable location.
Some of those houses are overpriced at $1.00 because of the zero market value plus tax liability.
agreed. the greed of these people never stops amazing me. I guess housing market falls have not been big enough in australia yet.
Originally Posted By: sprintman
http://www.news.com.au/business/money/story/0,28323,25184134-5013951,00.html
Quote:
"You can't even buy a second-hand car for that," Mr Szinger said.
Unlike a second-hand car, you can't drive one of those houses to a desirable location.
Some of those houses are overpriced at $1.00 because of the zero market value plus tax liability.
agreed. the greed of these people never stops amazing me. I guess housing market falls have not been big enough in australia yet.
Originally Posted By: crinkles
Originally Posted By: XS650
Originally Posted By: sprintman
http://www.news.com.au/business/money/story/0,28323,25184134-5013951,00.html
Quote:
"You can't even buy a second-hand car for that," Mr Szinger said.
Unlike a second-hand car, you can't drive one of those houses to a desirable location.
Some of those houses are overpriced at $1.00 because of the zero market value plus tax liability.
agreed. the greed of these people never stops amazing me. I guess housing market falls have not been big enough in australia yet.
They will learn something about seriously depressed housing markets when the can't find a tenant and the tax and maintenance bills start coming. With an unoccupied house and absent landlord, they are also likely to get unwanted free tenants, or at least vandals.
Originally Posted By: XS650
Originally Posted By: sprintman
http://www.news.com.au/business/money/story/0,28323,25184134-5013951,00.html
Quote:
"You can't even buy a second-hand car for that," Mr Szinger said.
Unlike a second-hand car, you can't drive one of those houses to a desirable location.
Some of those houses are overpriced at $1.00 because of the zero market value plus tax liability.
agreed. the greed of these people never stops amazing me. I guess housing market falls have not been big enough in australia yet.
They will learn something about seriously depressed housing markets when the can't find a tenant and the tax and maintenance bills start coming. With an unoccupied house and absent landlord, they are also likely to get unwanted free tenants, or at least vandals.
NO big falls and there won't be. First home owners big cash handout ($23,000?) has new house sales up.
http://leader-news.whereilive.com.au/real-estate/story/grant-helps-boost-new-house-sales/
http://leader-news.whereilive.com.au/real-estate/story/grant-helps-boost-new-house-sales/
In G0d I trust, all others bring data.
Have these people ever been to Detroit?
The meidian house price in Detroit is $7500.
http://www.businessinsider.com/median-home-price-in-detroit-7500-2009-3
The meidian house price in Detroit is $7500.
http://www.businessinsider.com/median-home-price-in-detroit-7500-2009-3
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