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How to Increase House Prices – Australian Style
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How to Increase House Prices – Australian Style. Step 1 – Treat Housing as an Investment (Not as a Fundamental Human Right). Some people like the United Nations might try to convince you that housing is a fundamental human right, but don’t listen to them! Step 2 – Low Interest Rates. With interest rates now barely above zero, it’s now easier than ever to borrow up big! Of course, the more money people can borrow the more debt they can get into, and therefore the more money they can spend on housing, pushing up house prices! Step 3 – First Home Loan Deposit Scheme. If low interest rates aren’t enough to get people into massive debt, why not offer 5% mortgage deposits? Step 4 – Housing Grants. From Regional home building boost grants to HomeBuilder grants to First Home Owners' Grants. The best thing about these grants is that the general public actually think that these make housing more affordable, but that couldn’t be further from the truth. They do they opposite! They increase the house prices making us investors more rich! Step 5 – Axe Responsible Lending Laws. Yes, to make housing prices go up, just make it easier for people to borrow money by getting rid of those pesky responsible lending laws! Some naysayers have asked, “Will the short-term gain be worth the long-term pain?”. And I think the answer is an obvious “Yes!”. These people like to say that the bubble will pop soon, but as I said before, how can the bubble pop when… There is no bubble! The RBA told me so, so it must be true.
OUTRO MUSIC
#houseprices #propertybubble #housingbubble
OUTRO MUSIC
#houseprices #propertybubble #housingbubble
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