Earthquake related building codes are actually based on the predicted location, frequency and strength of earthquakes.
It's not enough to say there will be an earthquake somewhere sometime. A prediction like that would result in the same building codes being applied everywhere in the world, when in reality we would different codes in Tokyo vs Sydney for example.
If I went to a Sydney town planner and told him the Sydney area would have a major earthquake sometime, do you think they would change the building codes? Probably not, even though it is pretty much inevitable that within the next few billion years a major earthquake will hit the Sydney region.
As you can see, a prediction is useless without timeframes.
Ah so you are an expert on building codes in Earthquake zones too?
Points stands. Predictions do not have to be time limited.
Because sometimes shit will go down but its really hard to say when.
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
Ah so you are an expert on building codes in Earthquake zones too?
Are you disputing my point that different parts of the world require different building codes to withstand earthquakes?
Quote:
Points stands. Predictions do not have to be time limited.
A prediction without a timeframe is useless, because given enough time, everything will happen. So you're not actually making a prediction, just stating the obvious.
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Because sometimes shit will go down but its really hard to say when.
Of course 'shit will go down' and it will 'go down' an infinite number of times in the future. You might as well predict it will rain sometime in the future.
Are you disputing my point that different parts of the world require different building codes to withstand earthquakes?
A prediction without a timeframe is useless, because given enough time, everything will happen. So you're not actually making a prediction, just stating the obvious.
Of course 'shit will go down' and it will 'go down' an infinite number of times in the future. You might as well predict it will rain sometime in the future.
Nah, this is where you drag the argument into hair splitting acrobatics and semantics ala your line on interest rates.
Enjoy
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
I won't enter into any exclusive agreements. My deal with my agent in Canberra is they handle my ACT properties (never signed for exclusivity though) and I have a NSW agent to handle my NSW properties. One charges 6.6% the other 8%, I get my biggest discount where I have the most properties.
Am I missing something? I have only known exclusive agreements, can you elaborate please?
Perth investors/landlords should understand that some locations will have had reduced rental returns...but some hAve not been affected too negatively.
There's always the need to be continually realistic & proactive with the rental pricing .
No matter what, one should eventually get tenants.
..despite the fear mongering by some who have no idea.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
In other words, you've got nothing. OK, run off then.
Tell you what, I'll continue this fascinating "road to nowhere"conversation where we debate whether a prediction is only considered legit if you put a timeframe on it. ( Does the lengght of the time frame matter)
I predict that San Fran is due another big one within the next 50 years. Is that cool?
What about I predict San Fran will have another big one. Not cool no?
How can you prove it will? It might not? See?
IF....
you do your spin job on the Murray report. Perhaps the lads in Shadberg PR are still working on the line?
Nice smear campaign perhaps? Maybe Murray has a mistress?
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
I dunno MMM/Ted & whatever else he uses & mix it up with the puke Pauk sound all the same to me....same message of not understanding too much..
Why does he continue to post unregistered ? Was he banned or something I thought he got registered but I was mistaken.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
I predict that San Fran is due another big one within the next 50 years. Is that cool?
What about I predict San Fran will have another big one. Not cool no?
San Fran had big ones in 1838, 1868, 1906, and 1989, so it's quite likely there will be another within 50 years. It's not a particularly bold prediction, but certainly better than just saying they will have one 'sometime'. You need to consider the certainty of the prediction. If you predict something that is certain to happen, then you don't get any kudos for getting the prediction right. If you predict something unexpected, and get it right, then you get a lot of kudos.
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you do your spin job on the Murray report. Perhaps the lads in Shadberg PR are still working on the line?
Nice smear campaign perhaps? Maybe Murray has a mistress?
Sorry, I have no idea what you're talking about there.
Am I missing something? I have only known exclusive agreements, can you elaborate please?
I have several properties in ACT, and an ACT agent manages these, and several in NSW which a NSW agent manages. I haven't seen anything about exclusivity in either contract. I'm fairly sure each knows about the other also.
If a management agent told me I'd have to sign with them exclusively I'd simply say no. Perhaps things are different in my part of the world?
Next Quarter and Next Year taking an early lead as usual...
Do you have a graph for that
Shadow
16 Jul 2014, 12:07 AM
Of course 'shit will go down' and it will 'go down' an infinite number of times in the future. You might as well predict it will rain sometime in the future.
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