PROPERTY & POLITICS - A FORMULA FOR MISCALCULATION

  1. 2,061 Posts.
    It is now patently obvious that the 'property future trend' debate has been hijacked by the left wing of politics, led by the Neo Marxist (sounds a little anachranistic, don't you think?) Fairfax media. These jokers will never allow the facts get in the way of a good Capitalist bashing story.
    Let's face it, the capital appreciation of property, means wealth in the hands of (as they see it) the lucky few who own property.
    On the other hand, the bursting of a percieved porperty bubble, can only be good news for their surrogates, namely the Left (ALP, Greens, Dems, etc)
    So for now, lets forget about the facts as they are:

    1990:(property bust)
    Inflation..............12%
    Unemployment......10%
    90 day Bank Bills...15%
    Immigration Nos....100,000
    Government..........ALP

    2002: (property boom)
    Inflation...............2.8%
    Unemployment.......6.5%
    90 day Bank Bills....4.9%
    Immigration Nos.....110,000
    Government..........LIB

    Put aside the politically motivated (Fairfax, News,etc) & ego driven (ie. commentators in search of their name in the paper) commentary and it seems to this humble writer that property, in all of it's forms, is for now and in the immediate future, an excellent form of investment.

    nq


 
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