Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 6
Victoria's unemployment rate hits 13 year high at 7%; Rising unemployment, rising speculation and rising house prices, POP!
Topic Started: 7 Aug 2014, 08:57 PM (5,107 Views)
Timo
Default APF Avatar


You won't need a degree is the blindingly obvious to work out the ending to these dangerous bedfellows....still go out and borrow record private debt!


http://www.abc.net.au/news/2014-08-07/unemployment-surges-to-12-year-high-at-64-pc/5654926

"After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst."
Edited by Timo, 7 Aug 2014, 09:10 PM.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Profile "REPLY WITH QUOTE" Go to top
 
van
Member Avatar


Wow property is truly the superior investment, goes up during economic growth, goes up during recessions, it just always goes up, amazing.

Profile "REPLY WITH QUOTE" Go to top
 
John Frum
Member Avatar


van
7 Aug 2014, 10:09 PM
Wow property is truly the superior investment, goes up during economic growth, goes up during recessions, it just always goes up, amazing.

you forgot to say that it doubles every <insert number less that 10> years
"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.
Profile "REPLY WITH QUOTE" Go to top
 
Timo
Default APF Avatar


van
7 Aug 2014, 10:09 PM
Wow property is truly the superior investment, goes up during economic growth, goes up during recessions, it just always goes up, amazing.

Haha yep, there's a sucker born every second, perhaps a few more in Australia ;)
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

John Frum
7 Aug 2014, 10:12 PM
you forgot to say that it doubles every <insert number less that 10> years
And you forgot........

Quick, buy now or be priced out forever....

You can't lose.......

Rents will double soon.....

Theres never been a better time to buy......

Its different here :)
"REPLY WITH QUOTE" Go to top
 
lulldapull
Default APF Avatar


Does it double every 5 years now? Before it used to take 10?

How truly amazing! :tu: Boy this guy 'van' is right on the money here.......

'van'..........do you happen to be a cabby? you know like driving a 'van' in Melbourne?

Profile "REPLY WITH QUOTE" Go to top
 
van
Member Avatar


But who is the sucker? those that bought or those who didn't?

Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

van
7 Aug 2014, 11:16 PM
But who is the sucker? those that bought or those who didn't?

The suckers where the ones who have leveraged their life into a collapsing ponzi for the next 25-40 years as the economy declines on a scale never seen in anybody here's lifetime. Fact

Rental prices have peaked in all capitals and will now decline for who knows how many years. Fact

"REPLY WITH QUOTE" Go to top
 
lulldapull
Default APF Avatar


van
7 Aug 2014, 11:16 PM
But who is the sucker? those that bought or those who didn't?

How in the fuck can someone with no housing debt, and living in a rapidly declining Aussie job market, and witnessing no doubt, a declining housing market be a sucker? :lol

Do you even have a job anymore? or let me guess you are a retired pensioner?
Profile "REPLY WITH QUOTE" Go to top
 
skamy
Member Avatar


John Frum
7 Aug 2014, 10:12 PM
you forgot to say that it doubles every <insert number less that 10> years
Yeah that is what property seems to do in this wealthy country, many other places too. Every now and again people think it is all over but then it just rolls around to doubling every 7-10 years again. This has gone on for a very very long time, I suspect the Romans experienced the same as their cities grew and prospered.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create your own social network with a free forum.
Learn More · Sign-up Now
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 6



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