Housing bubble anyone?

[jwb]

The graph shows prices in the various parts of Sydney, Australia since 1993.

The house in the picture is in the Inner West (the highest growth area since 1993). It is currently on the market for 950k.

[Nails]

The graph shows prices in the various parts of Sydney, Australia since 1993.

The house in the picture is in the Inner West (the highest growth area since 1993). It is currently on the market for 950k.

For that pile of crap? Why not just live in the outbacks for free with the kangaroos

i'm sure someone out there can't wait to drop $950,000 on a doll house

[johnnynoname]

aren't their alot of homos and Italians in Sydney?

[Tito24]

maybe you should go there then john?

[johnnynoname]

maybe you should go there then john?

i've considered it

[jwb]

aren't their alot of homos and Italians in Sydney?

Yeah 2 of the worse groups for driving prices up.

[titusisback]

The graph shows prices in the various parts of Sydney, Australia since 1993.

That's around 5% appreciation / year for 17 years. What's the big deal?

[kmhphoto]

That's around 5% appreciation / year for 17 years. What's the big deal?

You need to redo your math

[titusisback]

You need to redo your math

My bad.. it's around 7% / year 

[tallgerman]

The graph shows prices in the various parts of Sydney, Australia since 1993.

The house in the picture is in the Inner West (the highest growth area since 1993). It is currently on the market for 950k.

Scarcity when avoid capitalism and do governmetn banking.
Mad prices for shitbag commdities instead of constantly lowering prices are productioni gets more advnaced bigger scale and efficeient

[jwb]

Kevin is right a 5% increase on the average house would be 431k not 626k

1993: 188k
1994: 188k x 1.05 = 197.4k
1995: 197k x 1.05 = 207K
1996: 207k x 1.05 = 217K
1997: 217k x 1.05 = 228k
1998: 228k x 1.05 = 239k
1999: 239k x 1.05 = 251k
2000: 251k x 1.05 = 265k
2001: 265k x 1.05 = 278k
2002: 278k x 1.05 = 292k
2003: 292k x 1.05 = 306k
2004: 306k x 1.05 = 321k
2005: 321k x 1.05 = 338k
2006: 338k x 1.05 = 355k
2007: 355k x 1.05 = 372k
2008: 372k x 1.05 = 391k
2009: 391k x 1.05 = 410k
2010: 410k x 1.05 = 431k

[nzmusclemonster]

Kevin is right a 5% increase on the average house would be 431k not 626k

1993: 188k
1994: 188k x 1.05 = 197.4k
1995: 197k x 1.05 = 207K
1996: 207k x 1.05 = 217K
1997: 217k x 1.05 = 228k
1998: 228k x 1.05 = 239k
1999: 239k x 1.05 = 251k
2000: 251k x 1.05 = 265k
2001: 265k x 1.05 = 278k
2002: 278k x 1.05 = 292k
2003: 292k x 1.05 = 306k
2004: 306k x 1.05 = 321k
2005: 321k x 1.05 = 338k
2006: 338k x 1.05 = 355k
2007: 355k x 1.05 = 372k
2008: 372k x 1.05 = 391k
2009: 391k x 1.05 = 410k
2010: 410k x 1.05 = 431k

no one gives a fuck asshole.

[Tapeworm]

Interest repayments are far more than the cost of rent.  I don't understand why anyone would buy a house unless they had a big deposit.  What am I missing?

[jwb]

Interest repayments are far more than the cost of rent.  I don't understand why anyone would buy a house unless they had a big deposit.  What am I missing?

Sydneysiders have lost their marbles.

This joint is going for 850k

[jwb]

This one 1.8 million!

[Tapeworm]

Do not want