Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 17
An historical event about to take place in Australia; Rental prices have peaked in ALL capitals and will now decline for years
Topic Started: 13 Jul 2014, 06:59 PM (18,320 Views)
MMM
Unregistered

Shadow
13 Jul 2014, 09:42 PM
Ted, two years ago you told us house prices could no longer grow, or be sustained, and that prices were about to crash. This was in 2012 when you panicked and sold your Sydney home. You piled the proceeds into gold, which you said was going to $2000 in 2012 and $5000 in 2014. But instead of house prices crashing and gold going to the moon, the opposite happened. Sydney house prices are up another 25% since you said prices would crash, and gold is down 30%.

So my question to you is this... what makes you so sure this new prediction of yours will be successful when your earlier predictions were such a disaster?

Ted, the problem is you have no idea what has happened before, nor what is happening now, never mind what will happen in the future.

It's not unusual at all for rents in areas of Sydney to fall. Here are some articles discussing it happening in 2001, 2008 and 2012.

I'm sure I could find more if I could be bothered.

http://somersoft.com/forums/archive/index.php/t-1907.html

http://www.smh.com.au/news/national/rents-tumble-in-inner-sydney/2008/12/05/1228257317698.html

http://news.domain.com.au/domain/real-estate-news/sydney-rental-fall-takes-the-heat-off-tenants-20120413-1wx6e.html

You are panicking over nothing again Ted, just like in 2012 when you panicked and sold your Sydney home right before the boom.
You have seen just about everything I have said unfold, and thing that has not happened has merely not happened yet

I have owned multiple Sydney property for more than two decades and am a few years oldrr than you. You purchased in 2005 for the first time and then bought an ip in 2009, and have been paying interest ever since.

You have missed the bost shadow. What were you doing all those years while I was holding multiple sydney properties. You are about two years younger and twenty years behind where I am financially.

And for your last bit of bullshit. As I said and as Peters spruiker said in the article rents have never REALLY gone down. But they are now, like never seen before in our history.
"REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

MMM
13 Jul 2014, 10:07 PM
You have seen just about everything I have said unfold
I have seen everything unfold in exactly the opposite way to how you predicted it. You are a great contrarian indicator.

Quote:
 
rents have never REALLY gone down. But they are now, like never seen before in our history
Rents have never really gone down nationally, but they have certainly fallen in many areas, as the articles I posted show. So there is nothing unusual happening now. Rents are rising nationally but falling in some limited areas. Business as usual. There's really no need for you to panic again Ted. Try to learn from your big mistake in 2012.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

Shadow
13 Jul 2014, 10:19 PM
I have seen everything unfold in exactly the opposite way to how you predicted it. You are a great contrarian indicator.


Rents have never really gone down nationally, but they have certainly fallen in many areas, as the articles I posted show. So there is nothing unusual happening now. Rents are rising nationally but falling in some limited areas. Business as usual. There's really no need for you to panic again Ted. Try to learn from your big mistake in 2012.
I was not even really thinking about how much my thread might rev the bulls up when posting it, just saying it how it is.

I have already been witnessing the biggest falls ,I have ever seen, and they are only just getting started. Thats why I started the thread, because it has already begun and will just get worse from here. Just like all the job losses I explained would happen to you clowns years ago . :bye:

Just wait til all these investor flooded property purchases are completed and come flooding onto the market looking for tennants at the same time. Watch all the surrounding second hand property decline in rent as a result. Will be a rental prices war to the downside, a total reverse of what we saw only a couple of years ago when 50 potential tennants were bidding up the rental price just to get in the door. Landlords will be cutting prices just to get a tennant in the door.

I am sure it is a hard dose of reality for many of you to swallow or except or perhaps comprehend or understand. Who really knows what levels of intelligence I am really dealing with here.

t I have studied it and am now seeing it, so it does not really matter what anybody says, its a reality you will now have to except.

Sorry to burst your bubble. ;)
"REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

MMM
13 Jul 2014, 10:36 PM
Just wait til all these investor flooded property purchases are completed and come flooding onto the market looking for tennants at the same time. Watch all the surrounding second hand property decline in rent as a result. Will be a rental prices war to the downside, a total reverse of what we saw only a couple of years ago when 50 potential tennants were bidding up the rental price just to get in the door. Landlords will be cutting prices just to get a tennant in the door.

I am sure it is a hard dose of reality for many of you to swallow or except or perhaps comprehend or understand
Yep, in a year or two when this boom ends there will be another downturn. Always is. Just part of the cycle. We had similar downturns in 2004, 2008, and 2011. They happen pretty regularly. We have booms, then downturns, then stagnation, then another boom. Seriously Ted, stop panicking, this is just how the housing market works.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

Shadow
13 Jul 2014, 10:43 PM
Yep, in a year or two when this boom ends there will be another downturn. Always is. Just part of the cycle. We had similar downturns in 2004, 2008, and 2011. They happen pretty regularly. We have booms, then downturns, then stagnation, then another boom. Seriously Ted, stop panicking, this is just how the housing market works.
Wake up and smell the rosses buddy.

How much longer before you take off those rose coloured glasses shadow.

So now you now what to expect. Your saw ted pick rents like nobody can, right then, right now :bye:
"REPLY WITH QUOTE" Go to top
 
Curious Non-Economist
Default APF Avatar


Shadow
13 Jul 2014, 10:43 PM
Yep, in a year or two when this boom ends there will be another downturn. Always is. Just part of the cycle. We had similar downturns in 2004, 2008, and 2011. They happen pretty regularly. We have booms, then downturns, then stagnation, then another boom. Seriously Ted, stop panicking, this is just how the housing market works.
2008 was a downturn like every other?
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Curious Non-Economist
13 Jul 2014, 11:04 PM
2008 was a downturn like every other?
Yes, national house prices fell a few percent. And as usual the bears heralded it as the start of the 'Big Crash'. I remember on GHPC the bears even organised a party to celebrate. Of course then house price rose 20% over the following 18 months and the bears vanshed, only to arrive again in 2011 to herald the beginning of the 'Big Crash' all over again. And they will herald it all over again in 2016 too. Like clockwork. Epic bear fails are just part of the cycle too.
Edited by Shadow, 13 Jul 2014, 11:10 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
Curious Non-Economist
Default APF Avatar


Shadow
13 Jul 2014, 11:09 PM
Yes, national house prices fell a few percent. And as usual the bears heralded it as the start of the 'Big Crash'. I remember on GHPC the bears even organised a party to celebrate. Of course then house price rose 20% over the following 18 months and the bears vanshed, only to arrive again in 2011 to herald the beginning of the 'Big Crash' all over again. And they will herald it all over again in 2016 too. Like clockwork. Epic bear fails are just part of the cycle too.
Is there always 3.5 billion in government stimulus at that stage of the cycle also? Or is that a new aspect of the cycle that will occur in 2016 also? Adjusted for inflation, we should expect $4B of government stimulus in 2016? I only ask so I know if and when my income tax will rise to pay for putting bears in their place.
Edited by Curious Non-Economist, 14 Jul 2014, 12:09 AM.
Profile "REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

Here is an article posted only on Thursday, looks like we are breaking records already, the rest will follow.

We can use the prices from the article below for future reference as it shows rental prices for both houses and units in all capitals.


http://spionline.com.au/home/13066-house-rents-fall-in-three-capital-cities-

"REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Curious Non-Economist
14 Jul 2014, 12:08 AM
Is there always 3.5 billion in government stimulus at that stage of the cycle also? Or is that a new aspect of the cycle that will occur in 2016 also? Adjusted for inflation, we should expect $4B of government stimulus in 2016? I only ask so I know if and when my income tax will rise to pay for putting bears in their place.
There is usually some form of stimulus during the growth phase of a cycle.

It could be grants, changes to tax policy, low interest rates, falling unemployment, population growth etc.

This time it happens to be interest rates, but I wouldn't rule out the re-introduction of FHB grants next time.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
DealsFor.me - The best sales, coupons, and discounts for you
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 17



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy