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#2971 | |||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,794
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Quote:
![]() I’m not sure if it’s technically a pyramid scheme but quite likely trading insolvent. |
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#2972 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,672
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Crazy isn't it, when does it end............
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Proud owner of the ugliest Ford ever made |
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#2973 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,041
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The HIA contract needs to be set in stone. No alterations. Ours had so many standard clauses crossed out and alternatives put in that were entirely in the builders favour. Went through a solicitor, but they didnt pick up on the implications, so clearly they're not worth their money. If the contracts were 'reasonable', you wouldnt need a solicitor in the first place IMO. The payment schedule was massively front-loaded, and even though the bank looked it over, they didnt pick this up. Useless. It's all obvious once you've been through the process, but hindsight is pointless. The contracts need to be rewritten with this knowledge going in. Preferably by someone other than the HIA who have a vested interest.
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#2974 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,599
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Used to think that things like endings happened, or reversions to means or whatever you want to call that, but now realise they will let everything else end before letting housing end. It's the dumbest thing to punt an economy on, it's not productive but rather restricts economic activity in productive sectors as land and rent rise. But here we are.
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I6 + AWD |
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#2975 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,794
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It will “end” when a balance is reached between peoples’ notion of property ownership and their tolerance of lifetime debt.
Which I personally consider a big part of our pig-headed “race to the bottom” but if it’s what people think they want, they’ll only be unhappy if denied it. |
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