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Australia's house prices driving manufacturing sector off the cliff; It's not just the scalps of Holden and Ford over priced real estate has claimed
Topic Started: 12 Dec 2013, 05:01 PM (2,404 Views)
Pig Iron
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Bogan scum

Timo
13 Dec 2013, 08:19 PM
Why bother?
house prices are up 9%.

are you trying to be famously wrong like steve keen?
I am the love child of Tony Abbott and Pauline Hanson
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Count du Monet
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Pig Iron
14 Dec 2013, 09:56 PM
house prices are up 9%.

are you trying to be famously wrong like steve keen?
Only in your imagination. :D
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Pig Iron
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Bogan scum

Count du Monet
14 Dec 2013, 10:31 PM
Only in your imagination. :D
all of the indices show a similar or greater rise.

it takes no imagination, only the ability to read. you seem to have failed at that to.

yoy rise is 9%.

http://www.rpdata.com/research/daily_indices.html
I am the love child of Tony Abbott and Pauline Hanson
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Foxy
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Zero is coming...

Timo
12 Dec 2013, 05:01 PM
Rampant speculation and general stupidity driving house prices also driving the demise of real contributors to the economy, such as manufacturing.

Chart below spells out just how devastating cost of business in Australia has become, in no small part driven by wages servicing some of the worlds most over priced real estate.

When did Australians become so generally stupid, greedy and lacking any general insight? We genuinely believe, despite all evidence to the contrary, that we are untouchable and immune to economic shocks......

http://www.pursuitofhappiness.com.au/DR20130905a.jpg

Are you saying there was a time when people"Australians" where not stupid and greedy??
:bl:
Peter
When was that exactly??
Peter
:pop:
Edited by Foxy, 15 Dec 2013, 12:43 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Bardon
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That chart doesn't demonstrate anything regarding house prices, nothing at all especially when you see where the UK sits.

What about Adam Smith's invisible hand that must have something to do with it, it certainly didn't apply to Holden.
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Timo
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Pig Iron
14 Dec 2013, 11:44 PM
Count du Monet
14 Dec 2013, 10:31 PM
Only in your imagination. :D
all of the indices show a similar or greater rise.

it takes no imagination, only the ability to read. you seem to have failed at that to.

yoy rise is 9%.

http://www.rpdata.com/research/daily_indices.html
Sleep walking? Because it sounds like your dreaming.
Edited by Timo, 17 Dec 2013, 02:57 AM.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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Foxy
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Zero is coming...

Timo
17 Dec 2013, 02:56 AM
Sleep walking? Because it sounds like your dreaming.
House prices reflect buyers ability to raise the funds.
Supply and demand.
Peter
:pop:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Timo
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foxbat101
17 Dec 2013, 04:09 AM
House prices reflect buyers ability to raise the funds.
Supply and demand.
Peter
:pop:
Normally, in Australia it's because of class welfare and rampant international and local speculation
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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MMM
Unregistered

foxbat101
17 Dec 2013, 04:09 AM
House prices reflect buyers ability to raise the funds.
Supply and demand.
Peter
:pop:
Incorrect. House prices reflects the banks ability to lower lending standards to the point of 105% home loans . That's the type of shit that was going on and still not far from it.
Sub prime lending , right Mr.Fraser.
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