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Showing posts with the label joye bouris enzo real estate crash tasmania the advocate reit gunns sawmill

Too Easy

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If there's one thing that stops this heinous blog in its tracks, it's the revelation 25% of Tasmanian property sales in the last quarter were to mainland buyers. Tasmania's property boom, which was retardedly called a 'mini-boom' in The Advocate recently (WTF is that?), was kicked off by mainland weasels looking for cheap properties to hoover up, do absolutely no maintenance to, fill with a mendicant tenant - aided by rental assistance - and watch the capital gains go boom boom boom. It was an easy gig and little more than a rigid black shaft stuffed in Tasmania's nubile buttocks. Locals who wanted to buy a house were competing with mainlanders buying sight unseen on double and triple the wages earned by the local. The local, until the past eight years, was used to houses that went up, sideways and back, then sideways again before going back. They knew of houses as a place to live first and an investment that you could count on... well never. Then suddenly, hous...