Who's responsible for this mess?

Could simplify it all to land tax and GST.
Done.

Cheers,
Inertia.

 

I voted for Global Factors for the same reason.

And also because I thought it was sort of relevant...

 

Come now, we wouldn't all be here if the gains from speculative property investing was hard earned money

 

Central banks is just a board of people ditching out money policy, it is a person that buy and sell assets.

Human greed and fear it is in our DNA, some can manage this DNA and don't fall for speculative bubbles and prosper in all cycles.

I prefer this mess or whatever you want to call it and want more of it, I get to buy the same thing cheaper what is there not to like?

 

Well, central banks distort prices - the price of credit.

In a capitalist system, prices ration scarce goods and services. The reason we over-consume debt (which show up in asset bubbles) is because central banks under price it.

Greed doesn't cause bubbles - excessive cheap credit does. Greed is a response to cheap credit.

 

My bad you're right . It's easy building wealth . Silly me . No one lost money or made alot less than they otherwise could have in the boom. Everyone jumped in the boom no one was afraid to invest. My bad.

I'm gonna write a book " why building wealth in real estate is easy as cookin chips".

 

all of the above but if I had to choose Id say APRA. Late to the party and then overstepped

 

You cant blame anyone the landscape, rules and regulation change all the time
you can only blame yourself for not preparing to adapt to changing environment

be it easy credit, tight credit, supply, demand, immigrations, banking regulations
not many of these things stay static for long, you either anticipate to move before it moves or you wait for it to move and you adapt or you can do nothing and get burned

 

but who response to these greed? money or human?
there are plenty of human who don't response to these greed and fall into bubbles trap and prosper

 

Everyone has a role to play.... from the buyers who didn’t know limits of their pockets to the sellers who were laughing selling for a profit.. to the regulators who put the blind eye to unsustainable price increases over last 10 years to Govt with its ineffective policies...

I have zero sympathy for anyone who lost money over the last two years.... lessons are there to be learned for everyone...

 

There are people who capitalized on markets over the last 5 years and others who haven't.

I'll leave the whole "mess" debate for the cleaners.

Im an investor .