Hahaha. I think I’ve lost count of how many years these rental losers have been waiting for this magic price drop of upwards of 50%. It. Will. Never. Happen. Understand? The Chinese buy before things are built not counting other nationalities, houses sell in my area before I see the For Sale sign and my apartment in town is beating my husbands salary. (I don’t work). But if it makes you feel hopeful even tho, like my relo’s on the bad side know, its just a dream, keep dreaming. We all have the right to hope. I hope to win lotto, doesn’t mean its gonna happen next week tho right. I pity no one who can’t buy. You’re not trying hard enough. I see it with my own eyes. We were very young parents and bought several without mummy and daddy’s help and my 19 yr old son has bought his first investment property and once it’s built he’s planning his next one. He’ll retire and you guys will still be waiting for the price drop. Your kids can put your most commonly used phrase on your tombstone “but there’s a bubble. I’ll buy next week when it bursts. It’s still good”. Now go find a job you can work in till you die so my rent keeps coming in. My hair needs doing and money doesn’t grow on trees for us investors. OH WAIT.
Its a little quiet on APF HEY? don't fall for it bears!
Nice trolling but most bears have wisened up to these types of posts.
as I write this shadow is commenting on multiple threads that are years old, trying to drum up debate.
Everyone knows interest rates drive housing markets, but you were still wrong in 2011 when you thought a new up cycle would not be possible, and that the falling rates at that time would be accompanied by falling house prices.
Ok. We've killed that one. I explained my position and you will never move on your contradictory position so we should move on.
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If you want to make a new prediction about falling prices and deflationary collapses in the future that's fine.
Thanks mate.
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What is your new prediction? When will the global deflationary collapse and Australian house price crash begin?
That is the $64,000 question. I wish I knew. Unlike many on here I, unfortunately, don't have a crystal ball.
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You over-emphasise negative risks, but under-emphasise the risk of prices rising.
Ok a point of clarification here: Risk is the exposure to harm danger or loss. "Negative" is therefore superflous and "negative risk" is boardering on being a tautology. I do however get your drift and I'm not playing semantics just trying to follow what you mean.
It sounds like your talking more about probability?
Everyone assesses the probability of events occuring in there own way. For some things e.g. coin toss we know the probability for others we don't. In 2011 I would have assessed the probabilily of house prices rising or falling and then assigned assigned a risk to being wrong. Everyone does this but it's usually as a subjective feeling rather than fully conscious exercise.
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In fact, in 2011 you totally discounted the risk of prices rising.
Never. Risk is rarely zero.
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You tend to ignore the risks that actually have a greater chance of eventuating, which is a very risky way to operate
No. I may sometimes ignore an event which has the greater probability of happening if the risk associated with it being wrong is high.
Anne
11 Aug 2014, 01:33 PM
Hahaha.
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It. Will. Never. Happen. Understand?
Yes, sorry Anne, I understand.
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keep dreaming
I will. Thanks.
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I pity no one who can’t buy.
Yes, it's tragic. Who would want to miss out on a property & death grip.
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You’re not trying hard enough.
Sorry Anne, I will try harder. What do I need to do?
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my 19 yr old son has bought his first investment property and once it’s built he’s planning his next one.
I see. He sounds like a really smart kid. You can never go wrong in bricks and mortar.
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He’ll retire and you guys will still be waiting for the price drop.
I'm beginning to feel like a complete fool now.
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Your kids can put your most commonly used phrase on your tombstone “but there’s a bubble.
They won't be able to afford a tombstone because their stupid dad didn't buy property.
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Now go find a job you can work in till you die so my rent keeps coming in.
Thanks for your concern but I have a job but i'll keep paying my rent like a good serf honest Anne.
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money doesn’t grow on trees for us investors. OH WAIT.
Then why do you abuse the bulls, call them 'fools' etc. for suggesting prices might rise?
In 2011 you were so convinced prices couldn't keep rising that you thought only a 'fool' would expect a new up cycle.
But the 'fools' were right. There was a new up cycle, and prices are still rising.
You completely discounted (or dismissed as negligible) the risk of prices continuing to rise.
House prices have tracked income growth for over a decade now, yet you remain convinced that this is unsustainable.
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'massive interest rate cuts, stimulus and grants and suceeded in making a serious bubble a whole lot worse. You really are a fool if you think this can happen again'
This was almost my first post on here but some reason you seem obsessed by it. Is it because for it to be true you'd have to accccept that there's a serious bubble that's got a whole lot worse? Or, is it because you believe that we've recently had massive interest rate cuts, stimulus and grants?
I think it's because I hurt your feelings by calling you a fool. Is that what the problem is Shadow? If that's true then I sincerely apologise for all the pain and heartache that this has caused you. Shadow, I'm sorry I called you a fool. Can we be friends again now?
This was almost my first post on here but some reason you seem obsessed by it.
That's the first one I found when I checked your old posts after you asked me what you got wrong. I can post more things you got wrong after we're done with this one.
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I think it's because I hurt your feelings by calling you a fool. Is that what the problem is Shadow?
My feelings are irrelevant. I'd just like to know why you think only a fool would make a prediction contrary to your own, when by your own admission you don't know the future. And in this case, the 'foolish' prediction turned out to be correct, while yours was wrong.
Not to me. I need to know that you are happy and that I haven't offended you.
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I'd just like to know why you think only a fool would make a prediction contrary to your own, when by your own admission you don't know the future. And in this case, the 'foolish' prediction turned out to be correct, while yours was wrong.
I've apologised for calling you a fool. OK, I'm the fool, is that what you want me to say? This is tearing me apart now. Let's just agree that this crazy property bubble is bigger than both of us and that no ones knows how high it will go before it pops but whatever happens we shouldn't let it destroy our friendship.
Not to me. I need to know that you are happy and that I haven't offended you.
I've apologised for calling you a fool. OK, I'm the fool, is that what you want me to say? This is tearing me apart now. Let's just agree that this crazy property bubble is bigger than both of us and that no ones knows how high it will go before it pops but whatever happens we shouldn't let it destroy our friendship.
Can't believe you've neve heard of the Dynamically supporting trampoline effect! It's in property spruiking 101. I'm also amazed that you've bothered arguing with shadow. It's like playing chess with death.
Shadow
11 Aug 2014, 04:46 PM
Let's just agree that you are unwilling to admit you were wrong or give a straight answer to my questions.
Laughed so much my intestines started to come out of my bum! Please stop!
Let's just agree that you are unwilling to admit you were wrong or give a straight answer to my questions.
Of course I'm happy to admit that I'm wrong. After all if you are man enough to accepted that "massive interest rate cuts, stimulus and grants have made a serious bubble a whole lot worse" then I must admit it.
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