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Bulls gone AWOL, a sign the game is up? They've seen the writing on the wall?
Topic Started: 7 May 2014, 11:25 AM (19,798 Views)
stinkbug
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MMM
8 May 2014, 12:54 PM
Diversify, all your property is in canberra, weather its a house , unit or comercial , nothing is immune there, there are no magic safe pockets like you delude too, the whole market is dropping.

And you talk about rents increasing to improve your position, but rent are not increasing, they are not even flat, they are falling and falling fast . And with the state of the economy on the permanent decline, rents will just keep dropping there year after year. They have already been dropping for 18 months or more.

You can pretend otherwise stinky, no skin off my nose, but everybody else here can clearly see what is happening there, even the bulls.
This last post is pure fantasy, and shows that you don't understand property investment at all. The 'whole market' is not dropping. Rents are not all falling.

Seriously, you should try to educate yourself before engaging in these sorts of discussions. If you think that aggregate statistics apply to the 'whole market' then you are basing your logic on very shaky foundations.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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MMM
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And another thing, you claim I want to see you fail, this is the type of shit I cop for trying to explain what is happening and what will happen . I want you to suceed stinky, I have tried to warn of what will happen. If I have dished out shit, its because you dished out shit on me first , and all I was doing was explaining what would happen. So again you try and explain things to people so they understand yet all you vet back in return is often abuse, pretty sad really. You have seen things pan out how I have said stinky, probably worse than I have said. I never expected to lose our whole motor industry so fast.

I don't wish bad of you stinky, Just trying to explain what is going on and what will happen as the government has tried to cover up all this shit over the years. All this bullshit back then from swan saying the economy is strong , mining is stronv, jobs growth are strong, it was just all bullshit waiting to collapse, now you can see was was right stinky. The bullshit artist or the realist......

I'm sure your rather Intelligent stinky , but I have sometimes though the same about Peter, but the fact you want to talk up the economy as it collapses in almost every sector is where you guys lose all credibility.

Its a bit like explaining to a 5 year old the world is round, or explaining for the first time to people that the world is round when they thought it was flat. It does not matter what you show them or try to explain to them , they simply do not get , do not understand it , and never will.

Can you imagine the first ever person trying to explain to everybody for the first time that the world was round when they all believed it was flat. Can you imagine hos frustration trying to argue with the others who thought they knew bettdr, who thought tbey were right, but the whole time were very wrong.This is how I feel with some of you guys, you simy ignore the obvious and fall to see it. You don't understand that our economy is permananently changing for the worse, that we've lost jobs and buisinessez to overseas for the very reason being our wages are too high ranking us uncompetitive, and they wont be coming back , ever, unless you want to drop your wages by over 50%. You all fail to see the blatant obvious. And the government has no answers whatsoever, there only solution they have now is taking more money ey directly from peoples pockets and pump the housing ponzi through any means possible. The latest being encouraging retirees and the like to use their super toeverage into property. The are desperately trying to keep their heavy train rolling. The politicians say we are all in this together and will all have to pay. But they won't pay, in July there pay packets are going up 5%, so even after a 2% reduction for the debt tax they still come out with a three percent pay rise. One guy was going from around 800k a year to 840 or something.
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Pig Iron
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Bogan scum

gold tankiing at 1378aud/oz currently. MMMoron is still silent on how much he lost piling into gold and selling his sydney property.
I am the love child of Tony Abbott and Pauline Hanson
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MMM
Unregistered

Pig Iron
8 May 2014, 01:30 PM
gold tankiing at 1378aud/oz currently. MMMoron is still silent on how much he lost piling into gold and selling his sydney property.
I've told you whenever I have bought or sold anything Timmy. I came on on the 26th june last year and told you all what a ' super bargain silver is'. Was the very low for the year, and has been the low ever since.

The funny thing is you always want to comment on gold when it drops a little but never when's its rising Timmy.

You do the same when iron ore prices are rising or falling , come along blabering when it rises 10 cents , but dissapear as it collapses. Like a little yap yap dog Timmy .

The funny thing is all the people that post gold graphs up to show when it falls , is you , peter , frank and shadow. But if you see when they ALL have bought property and compare it with gold over the same period they have owned, most of them would have three of four times the wealth they have now, even after the gold price has declined.

Funny that.......
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Sydneyite
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MMM
8 May 2014, 12:41 AM
Shadow
8 May 2014, 12:17 AM
Unemployment rate falling. More jobs being added than lost. Job ads rising. House prices rising. Auction clearance rates strong. Housing finance rising. Construction booming.

Yeah, the economy is collapsing... :re:
Only a fool can't see that economy is collapsing , the most amusing thing is our economy has never looked worse in and you still come out with this.
Only a fool would make a statement like this, in the face of data like this:

Posted Image

For the dummies like MMM - that's 100,000 extra jobs created since mid last year. :re:

Edited by Sydneyite, 8 May 2014, 02:06 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Veritas
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Pig Iron
8 May 2014, 01:30 PM
gold tankiing at 1378aud/oz currently. MMMoron is still silent on how much he lost piling into gold and selling his sydney property.
Stay on topic Timmy.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Frank Castle
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Business As Usual

Pig Iron
8 May 2014, 01:30 PM
gold tankiing at 1378aud/oz currently. MMMoron is still silent on how much he lost piling into gold and selling his sydney property.
Did his arse on Sydney
Did his arse on MMMORONbah
Did his arse on gold
Quote:
 
MMMoron is still silent on how much he lost

He obviously lost his sanity
Edited by Frank Castle, 8 May 2014, 02:15 PM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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MMM
Unregistered

Frank Castle
8 May 2014, 02:14 PM
Did his arse on Sydney
Did his arse on MMMORONbah
Did his arse on gold


He obviously lost his sanity
Yes frank , just more dribble, buying in flooded mining towns is all you know, your property has gone nowhere but backwards for near on ten years and now your rents are dropping too.

I have over I mill in cash amongst other assets and now owe less than 20k on my other Sydney IP frank.
You did your arse long ago frank , you expected prices to double in seven or ten years , but ten years later your area is still cheaper than ten years ago. From memory the most recent state showed prices were 200k in your suburb five years ago , but they are now 162 k , a near 25% drop over five years frank and with rents dropping and all happening at record low rates.

Whos really laughing frank , Timmy :bye:

Cheap clowns investing in rubbish that is going nowhere but backwards , for years on end while being leveraged to the eyeballs paying interest only loans and probably negatively geared .

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stinkbug
Member Avatar


MMM
8 May 2014, 01:25 PM
And another thing, you claim I want to see you fail, this is the type of shit I cop for trying to explain what is happening and what will happen . I want you to suceed stinky, I have tried to warn of what will happen. If I have dished out shit, its because you dished out shit on me first , and all I was doing was explaining what would happen. So again you try and explain things to people so they understand yet all you vet back in return is often abuse, pretty sad really. You have seen things pan out how I have said stinky, probably worse than I have said. I never expected to lose our whole motor industry so fast.

I don't wish bad of you stinky, Just trying to explain what is going on and what will happen as the government has tried to cover up all this shit over the years. All this bullshit back then from swan saying the economy is strong , mining is stronv, jobs growth are strong, it was just all bullshit waiting to collapse, now you can see was was right stinky. The bullshit artist or the realist......

I'm sure your rather Intelligent stinky , but I have sometimes though the same about Peter, but the fact you want to talk up the economy as it collapses in almost every sector is where you guys lose all credibility.

Its a bit like explaining to a 5 year old the world is round, or explaining for the first time to people that the world is round when they thought it was flat. It does not matter what you show them or try to explain to them , they simply do not get , do not understand it , and never will.

Can you imagine the first ever person trying to explain to everybody for the first time that the world was round when they all believed it was flat. Can you imagine hos frustration trying to argue with the others who thought they knew bettdr, who thought tbey were right, but the whole time were very wrong.This is how I feel with some of you guys, you simy ignore the obvious and fall to see it. You don't understand that our economy is permananently changing for the worse, that we've lost jobs and buisinessez to overseas for the very reason being our wages are too high ranking us uncompetitive, and they wont be coming back , ever, unless you want to drop your wages by over 50%. You all fail to see the blatant obvious. And the government has no answers whatsoever, there only solution they have now is taking more money ey directly from peoples pockets and pump the housing ponzi through any means possible. The latest being encouraging retirees and the like to use their super toeverage into property. The are desperately trying to keep their heavy train rolling. The politicians say we are all in this together and will all have to pay. But they won't pay, in July there pay packets are going up 5%, so even after a 2% reduction for the debt tax they still come out with a three percent pay rise. One guy was going from around 800k a year to 840 or something.
Cool story, have you thought about adapting it to the stage?
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Massive
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Sydneyite
8 May 2014, 02:05 PM
Only a fool would make a statement like this, in the face of data like this:

Posted Image

For the dummies like MMM - that's 100,000 extra jobs created since mid last year. :re:
and yet hours worked are falling...
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