I've dumped all my gold miners and have piled into cash (just before this latest slump). Gold is going down. I think probably to $900- in 3 months. I have no emotional attachment to investments. If I wait 6-8 months I'll probably save myself $60,000+ on a house. They're going down too. It's a global deflation and Perth is going along for the ride, lashed to the yardarm.
No it's not. We currently have less adults per household, and more households per head of population, which means housing must be more affordable. If housing had become less affordable, then we wouldn't have been able to establish so many new households, with less adult wage earners in each one.
I'm sorry but it took me awhile to see your ongoing response to this argument.
Your logic is a fail Shadow. More housing per adult head of population does not=housing becoming more affordable.
Affordability is only one factor determining the number of adults per household. It is possible for housing affordability to have worsened, remained the same or improved while adults per dwelling decreased. I have given a number of examples of how this can occur.
You have created a new definition of housing affordability as being number of adults per dwelling. You are using a circular argument.
CIRCULAR REASONING circulus in demonstrando
(also known as: paradoxical thinking, circular argument, circular cause and consequence, circular definition [form of])
Description: A type of reasoning in which the proposition is supported by the premises, which is supported by the proposition, creating a circle in reasoning where no useful information is being shared. This fallacy is often quite humorous.
I'm sorry but it took me awhile to see your ongoing response to this argument.
Your logic is a fail Shadow. More housing per adult head of population does not=housing becoming more affordable.
Affordability is only one factor determining the number of adults per household. It is possible for housing affordability to have worsened, remained the same or improved while adults per dwelling decreased. I have given a number of examples of how this can occur.
Just so we are clear, you are claiming that housing is LESS affordable when people can afford to have a lower number of working age adults per dwelling?
Just so we are clear, you are claiming that housing is LESS affordable when people can afford to have a lower number of working age adults per dwelling?
Last chance to back out.
This is what he said:
Quote:
Affordability is only one factor determining the number of adults per household. It is possible for housing affordability to have worsened, remained the same or improved while adults per dwelling decreased.
i.e. he's implying there's no strong correlation because there's other factors that affect the number of adults per household (or households per person) than affordability.
Do you understand what that means Timmy?
Are you fucking stupid?
Or are you just desperate for a fight because the spot Iron Ore price has plummeted below 40 bucks and it's sending you apoplectic with rage?
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
i.e. he's implying there's no strong correlation because there's other factors that affect the number of adults per household (or households per person) than affordability.
Do you understand what that means Timmy?
Are you fucking stupid?
Or are you just desperate for a fight because the spot Iron Ore price has plummeted below 40 bucks and it's sending you apoplectic with rage?
I'm not the one in a rage hurling abuse in defence of their socks.
Do you think we will see less adults per dwelling if affordability is worse?
All of it is beyond you, since you can't even spell "words".
actually, it's not, I just don't care about my topo's as much as nit pickers such as yourself shopping trollie.
I am intrigued to know which of the following in your post you consider to be 'big words'. Your threshold for big words is obviously rather low... which does not surprise me.
Quote:
Good luck getting the Australian government to accept USD for stamp duty on a house.
But why would I feel more sympathy for a gold investor than a property investor? Why do you think those that clip the ticket on a gold transaction are more virtuous than those that sell investmemt apartments?
A property "investor" is simply trying to exploit the fact that most young people can't afford to buy their own house. This is partly due to the fact that property "investors" helped create the problem in the first place. The majority use leverage to become property "investors".
A Gold buyer is paying with cash already earned and is merely trying to protect their buying power from currency debasement (outright theft).
Some people buy Gold hoping to make their fortunes, but historically, that has rarely happened. Most of the time, an ounce of Gold buys what an ounce of Gold used to buy, 5,10,50 or 100 years ago.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
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