Well there may be good buys in the Perth market if some overleveraged homeowners have to get out fast, but the general market seems quite stable. If that's they type of market Perth has, and it seems to be, then the bears will miss out again. They always do because they either wait for a sign, or the good buys that do come up are not what they are looking for.
It's not exactly Spain is it.
Any expressed market opinion is my own and is not to be taken as financial advice
Let us enjoy the inevitable collapse as it unfolds in WA,
It's a six year bear market, its not a fireworks display.
We had a 12% correction in Brisbane post 2009/10 and no one called it a crash.
In Perth you have had a "Big Fat Nothing" and you are calling it a crash.
You sandgropers sure are funny people. Call me when you have evidence and not just hyperbole.
I predict that Perth will see a 5% correction and during that time there will be quite a few good buys available for the quick, and at the end of it the same Perth bears will be posting here calling the next crash. Bears are not quick.
Any expressed market opinion is my own and is not to be taken as financial advice
We had a 12% correction in Brisbane post 2009/10 and no one called it a crash.
In Perth you have had a "Big Fat Nothing" and you are calling it a crash.
You sandgropers sure are funny people. Call me when you have evidence and not just hyperbole.
I predict that Perth will see a 5% correction and during that time there will be quite a few good buys available for the quick, and at the end of it the same Perth bears will be posting here calling the next crash. Bears are not quick.
You're talking shit today Peter. Something nasty ran up your trouser leg and bit you? Many Perth bears are in the middle of a housing transaction, and have meerly delayed the buy stage. Perthite is one of the few who has never owned, and he has stated his plan.
Whether the market crashes or not is irrelevant. There are much better homes for your money elsewhere. You have here 32 pages of good solid reasons why there is no hurry to buy back into the Perth market.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
You're talking shit today Peter. Something nasty ran up your trouser leg and bit you? Many Perth bears are in the middle of a housing transaction, and have meerly delayed the buy stage. Perthite is one of the few who has never owned, and he has stated his plan.
Show me the data. You called a crash so there must be data, where is it?
Why is that a difficult request to comply with. I've read 32 pages of crash posts - where is it?
Quote:
Whether the market crashes or not is irrelevant.
If you are calling a crash then of course it's relevant.
Any expressed market opinion is my own and is not to be taken as financial advice
Show me the data. You called a crash so there must be data, where is it?
Why is that a difficult request to comply with. I've read 32 pages of crash posts - where is it?
If you are calling a crash then of course it's relevant.
Newjez has been calling a crash for over 3 years, still nothing. Along with Perthite and Co, yet they are constantly wrong as they will be this time.
Bears live on the hope of negativity, that something bad will happen to save their would view point and hence their economic plans for the future.
They cannot provide any evidence as none exists. You only need to look around Perth to see the huge amount of construction activity currently underway and increasing. This is why we see no large increase in unemployment, Perth has one of the lowest unemployment rates in the nation.
What Bears cannot seem to understand is the slow down in mining investment will not translate into world ending event for WA's economy or the Nation. Yes it will slow from the dizzy heights of 2010/11 to a more sustainable long term growth rate, that's why they call it a boom. Booms don't last forever.
We already see the results in Capex data, while I expect Capex to decrease over time, it will be nowhere near as bad as what bears expect. It is why they are not seeing what they predicted 2 years ago or even 12 months ago happening.
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.
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