if you had any brains, you would have put the surplus cash you made off the principle of the loan thus reducing the loan, which would have made it more likely that you could have refinanced at the conclusion of the loan. its a risk you take when you live high on the hog when things are going well instead of reducing debts like you should have. you cant expect sympathy from anybody because it is your own poor judgement that got you into this.

you remind me of an older guy who subscribed to that nigerian scam when it first started. the idiot threw good money after bad by going to nigeria, and after getting a handgun shoved in his face and told to piss off, he went to the local cops who didnt want to know about it. then he expected sympathy for the 50k he lost by being stupid. i have always maintained that people that stupid dont deserve to have money.

its ironic he criticised their dishonesty, given that the whole scam was based on them pretending to need him to help them do something dishonest. like whats up with this picture?

if the price of your houses had gone through the roof and become unaffordable to the general population, would you still feel down in the dumps?

bite the bullet and sell up. at the very worst you will end up on a pension, and most likely will still own your own home. that makes you heaps better off than many battlers.

business investments are never guaranteed, and anybody who spends next years profits to pay for last year's holiday, is always taking a risk that circumstances might change. 10 years should have been plenty of time to reduce your debts to a level where it would be easy to refinance.

i have lost on investments in the past but i dont snivel about it. i know people who have lost 7 figure amounts on what seemed like a good investment, but they dont snivel about it. one guy on a share forum invested his whole inheritance of 1.3 million in a company(UNS) which he was told by management had a bright cant lose future, but it went belly up. its a risk you take when you invest money, but i got to admit, it takes a real talent to lose money on rental investment properties. what is your secret?

i had that luxury of owning 3 houses many years ago (owned one outright and was paying off the other 2) and had them all rented out while i travelled around, working here and there .....  mostly lived in rented roominig houses which no longer exist (but thats another story)

not realising how well off i was i foolishly opted to get married

marriage will usually cure affluence in most situations ...

now i am retired and own my own house in an inexpensive area and have a few dollars tied up in shares.

my part pension plus my share dividends gives me a modest existence but i feel for youngsters who cant even find a job let alone buy their own home.

western aussies are lucky to have falling house prices, because it means their youngsters can afford to buy their own homes. try living in sydney or melbourne or even regional nsw and see what its like. youngsters now have to queue up to find rental accommodation let alone finding a couple of hundred thousand to use as a deposit to buy a unit or a house. 

if your house value has dropped so what? it will still keep the rain out and do all the things it did when it was overpriced.

its real value in having a stable home is still intact. if it increases in price by 10 thousand percent, it will still only do the same job it is doing now, although your council rate will sky rocket of course. and if you sell it, its odds on that the next place you buy is also overpriced, and not only will you pay a fortune in stamp duty for the inflated value, but unless you downsize, or move to a cheaper area, you will still have to pay top dollar for the next place you buy, and will be no better off.

if you are a speculator you might have a few problems though .....

the nsw govt has had a financial bonanza from rising house prices due to the outrageously expensive stamp duty rates. but they keep finding hair brained schemes to squander the money on and need to keep selling off infrastructure to "free up cash".

personally i see falling house prices as a good thing, but i guess it depends on your own personal interests for most people.

Stick to the topic Mick

The topic is how the Royal Commission has destroyed house prices, and those who have lost moeny should be compensated by labor and the Greens for creating the biggest loss in wealth for the average Aussie in decades

Stick to the topic Mick

The topic is how the Royal Commission has destroyed house prices, and those who have lost moeny should be compensated by labor and the Greens for creating the biggest loss in wealth for the average Aussie in decades

Your fingers as sticky as Adrianus, posting twice ??

Go away you silly bitch 

HAHA, looks like you've hit on a velly velly raw nerve Abner, LOL

MICK, Bill Shorten and Chris Bowen will disagree with your view that population growth has pushed up prices.

They reckon that real estate buyers need to be taxed more to stop people from buying houses which will drop the prices, thereby allowing refugees with a small deposit to buy their own home.

Apparently its just the wrong kind of people buying houses. People like Labor supporter Realist as an example. Labor are busy concocting a way to get Realist and his mates out of the housing market.

Plus Bill is planning to build 250,000 houses to accomodate the homeless and hide the decline in construction.

Yep, you take another $200B out of the economy and put it back in for a short term fillip. A 3 year plan sold as a 10 year plan.

If we leave Bill and Chris alone to do their own thing for too long, we will all be working for the government and Venezuela will look like a holiday destination.

if it wasnt for "refugees" and other illegals (aka "asylum seekers") the govt would simply ask people from fast breeding cultures such as african or polynesian,to emmigrate here legally, just like they do with the chinese. their insane urge to overpopulate australia is the driving force for all this crap, and both major parties are to blame. anybody who opposes it gets branded a racist, but you are right, this is the driving force of artificially inflating the price of housing to the stage where local youngsters cannot possibly save up for a deposit in many areas like we could when we were young. the only people who can afford to buy in places like sydney or melbourne, are foreign investors, especially the chinese who can get interest free loans from the chinese govt.

personally i would like to see house prices go through the floor so our youngsters can afford to buy their own place. many poeple however, think it is their divine right to own several houses and collect rent instead of majority of people owning their own homes like they did in the old days.

Nothing wrong with that, in 50 years time, most marriages will be interracial. Nice tanned kids running around this great land of ours.

I look forward to a new day in the history of Australia when nearly every home will be having, curry, chow mein and halal kebabs for dinner, and no Pauline Hanson in sight!

mick posted

"So who controls politicians?  Their consciences, voters or the top end of town? Pretty damn onvious and we need to ask why 'POPULATION' discussions are shut down by the media."

like in virtually all western countries, 95 plus percent of the resources are owned and controlled by less than 5 percent of the population.

these are the people who own both major parties in australia and in pretty much all western countries, and these same rich assholes own and control the media and in more recent times,l the unions.

the media in turn tells us how to think  and who to vote for. most times they get their way.

nowadays those same rich assholes virtually own the unions by corrupting their leaders and have done so since hawke became prime minister. (remember the "accord"?) the unions have deserted the australian workers via the "accord" dreamed up by a traitorous scumbag named bob hawke.

 one of the side benefits for the goverment of mass immigration under the guise of "multiculturalism is to create a deivided australia. to do what they did to the austdralian public would have been a lot harder, if not impossible, against a united australian public.

"multiculturalism" is a polite word for "disunified masses" which makes it childs play for both liberal and labor govts to screw the australian public on behalf of their rich owners.

we pretend we have democracy but that is an old wives myth. majority of people didnt want gst but we were still blessed with it. the majority of people were totally against selling off public assets such as telstra, commonwealth bank, general infrastructure etc, but were still overruled by both the major parties with the help of a bunch of scumbgags who were going to "keep the bastards honest".

bottom line is that voters have no say in what happens except to choose which party of scumbags to get screwed by.

even pauline hanson who once tried to represent the wishes of australian people has lost interest as has bob catter. clive palmer is a total prick acting on self interest so i wouldnt expect any help there.

sorry to dissillusion you mick but you, along with the rest of us, are at the mercy of the rich assholes who own our corrupt political system and the media.

short of a civil war, i cannot see that changing, and even if we did physically fight to overthrow these assholes, we wouldnt win because we would be too busy arguing among ourselves. ever notice that most political discussions are about winning a debate rather than trying to come up with a viable solution to political problems?

some idiot posted 

I look forward to a new day in the history of Australia when nearly every home will be having, curry, chow mein and halal kebabs for dinner, and no Pauline Hanson in sight!

well dont hold your breath because because when we become majority black, the majority will be too busy eating each other to learn how to cook ethnic food.

anyway it wont be the blacks taking over. it will be either the muslims or the chinese, and majority of muslims probably qualify as caucasion.

it probably justifies chinese takeover of australian , because if we have to surrender our cultural values and our way of life, i am thinking that living under chinese rule will be less abhorent  than living under islamic law, especially for females.

wouldnt it be easier and less complicated to simply close our borders to further immigration, and deport all foreign born felons? the austraphobics could then  simply leave and carry a criminal under each arm on their way out. NOW THERES A PLAN!

probably be for the best if we become another "third world" country like the ones so many are supposedly escaping!  once we no longer have reliable services, transport, electricity etc.  no longer any beef industry, living on grass and rubbing two sticks together..then the do gooders will be happy!

i feel so sorry for our youngsters and am ashamed of my own generation, although if i were running things i wouldnt have let this bullshit happen, despite the nagging from the pc assholes who supported this crap.

Ashamed?  Not me, so sorry for your sad life, not exactly an Aussie patriot are you?

govt unemployment figures have always been bullshit. they doctor them up with "seasonally adjusted figures" which can be anything they choose to invent at the time. (did you know that 87.8 percent of statistics are made up on the spot?)

they never mention the hidden unemployed, such as people on idiots pensions, even though almost all of  those people are perfectly capable of working.

they dont take into account the people who have "jobs" BECAUSE of unemployment. foreign owned "job providers" which are on extremely lucrative contracts who arent even needed, as employers could easily find workers simply by advertising or putting a sign out the front of their business stating what type of workers they need.

extra police and prison workers are part of the hidden unemployed as many people who become prisoners are mainly that way because of too much time on their hands from having no job. then there are the social workers who are practically one on one for each person on an idiots pension.

then there are the legal aid lawyers who have to represent the people on idiots pensions, as well as the bored youngsters who take up crime as a hobby to pass away the time they would normally spend working.

lets not forget the parole officers and social workers who get paid to breast feed prisoners after the leave jail, and the lawyers who get paid handsomely to represent them when they re-offend. guess who foots the bill for all this?

then there are the govt sponsored churches who are "needed to cope with the deluge of needy people"

then there are the social workers and lawyers who are paid by the govt to represent "asylum seekers" in order to get them citizenship so they can inflate the work force thus helping to keep the unemployed numbers high enough to support all the parasite industries i just mentioned.

its a mess huh? i am surprised australia isnt bankrupt. instead of fixing the problem they speculate as to what a "drain on the economy the ageing population is via centrelink"