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No More Need For FHOGs

Discussion in 'Real Estate' started by Chris C, 16th Oct, 2010.

  1. Chris C

    Chris C Well-Known Member

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    So will this mean the end of FHOGs? Or will the government still attempt to buy votes, opps I mean jobs, in the construction sector?
     
  2. D&K

    D&K Well-Known Member

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    If you can believe the media, overseas hedge funds are betting on our banks' values collapsing, figuring that they should follow the US with massive house price drops and foreclosures / mortagee sales, losses, and then whacking banks' share prices. Hence, reporting of supposed bubbles bursting is in their interest and probably generating inquries, to persist the media merry-go-round. I think reality is much less exciting.

    I've heard that there's a least 100 schools without shade cloth that costs $100+K, plus some of them actually need windows, heating and fire protection systems in their new halls. I think government and infrastructure spending will keep the jobs going.

    If they did reignite the FHOG, I'm sure the local councils could absorb the extra money in their infrastructure charges - which means no more money than now for the builders and their employees.

    Dave
     
  3. Billv

    Billv Getting there

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    Chris
    Not a good source I'm afraid.....
     
  4. Chris C

    Chris C Well-Known Member

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    I wasn't being overly serious. Can't you tell the sarcasm in my comment.

    That said - what's wrong with the SMH?

    That said I wouldn't listen to anything rating agencies said anyway, or at least you need to take what they publish it with a big pinch of salt.