House prices go UP and House prices go DOWN ..... However what the usual morons miss is the fact that house prices in the long term does go UPPITY UP.
Bottom line phlegmatic Veritas?
What are you buying ? PPOR or IP? By all means look & bide your time to what is the "one" but don't keep procrastinating.
Oh That 24 yr old loser that drives a Merc who thinks he's a big man?
You post that you sell units, & you act like a used car salesman doing the most hypocritical ...you've virtually told them that the cars a lemon ..yet you're trying to flog it off? No comission for you. You of all people should realize that no developer will touch something if there's no demand. rental returns have flatlined but nothing lasts forever.
I personally will be very very interested to see what happens on Cowle st, I'll only say if you've owned prop in the surrounding area in the long term there's some very happy people..
Unlike you.
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.
House prices go UP and House prices go DOWN ..... However what the usual morons miss is the fact that house prices in the long term does go UPPITY UP.
Bottom line phlegmatic Veritas?
What are you buying ? PPOR or IP? By all means look & bide your time to what is the "one" but don't keep procrastinating.
Oh That 24 yr old loser that drives a Merc who thinks he's a big man?
You post that you sell units, & you act like a used car salesman doing the most hypocritical ...you've virtually told them that the cars a lemon ..yet you're trying to flog it off? No comission for you. You of all people should realize that no developer will touch something if there's no demand. rental returns have flatlined but nothing lasts forever.
I personally will be very very interested to see what happens on Cowle st, I'll only say if you've owned prop in the surrounding area in the long term there's some very happy people..
Unlike you.
In the long run they always go up you reckon blondie.
They used to, things have now changed.
Japan ,house prices have been going down for twenty years. And their future economy looks a lot better than ours.
Californian house prices are 20% cheaper than 2004 blondie. AND, this is with rates at zero for over six years. Never beforehave either of those things happened. What that shows is, it just dont work like it used to blondie, nothing at all like it.
House prices have Never dropped that much over ten years in the US , and rates have never been at zero for over six years. Nothing at all like the past long run blondie.
All our jobs are dissapearing to cheap asian labour. Our wages are now dropping for the first time in history blondie. Industries we have had in this country for generation after generation are dissapearing permanently.
Cheap clothes from a retailer is not the same as waiting on your neighbour's to hit hard times and buy their homes from them at less than market value.
Lets face it Veritas, the bears want to buy homes and they want to do that and get the same capital gains as others before them.
However, they saw dreadful situations occur in the US and Ireland when some people were forced to let homes go for much less than what they were worth. Some internet goons sold you some nonsense that the same thing would happen here and bears too would get this once in a lifetime opportunity to buy in cheap.
In Perth house prices did drop but that was not good enough for some of the Perth bears and here they sit to this day on their keyboards jumping on every piece of news from China to the Himalayas if they think it will result in a bargain home in Perth.
You were on here a couple of weeks ago saying you were making some low ball offers, you have been very silent on the result of this. So I take it the bargain homes are NOT YET there for you. This crash you are always on about is still just around the corner hey?
The truth is that there are some phenomenal good buys out there right now, you can get a two bed brand new unit in the city at ridiculously low prices, that is a market that is struggling. However, you want what everyone wants so you will not get good buys in those markets. Miles you are the one in despair, no home in Sydney and prices have rocketed, while you told all and sundry you were predicting some huge silly crash.
Like you did? And seem seem darn proud about it.
skamy
5 Nov 2014, 01:01 PM
Cheap clothes from a retailer is not the same as waiting on your neighbour's to hit hard times and buy their homes from them at less than market value.
Lets face it Veritas, the bears want to buy homes and they want to do that and get the same capital gains as others before them.
However, they saw dreadful situations occur in the US and Ireland when some people were forced to let homes go for much less than what they were worth. Some internet goons sold you some nonsense that the same thing would happen here and bears too would get this once in a lifetime opportunity to buy in cheap.
In Perth house prices did drop but that was not good enough for some of the Perth bears and here they sit to this day on their keyboards jumping on every piece of news from China to the Himalayas if they think it will result in a bargain home in Perth.
You were on here a couple of weeks ago saying you were making some low ball offers, you have been very silent on the result of this. So I take it the bargain homes are NOT YET there for you. This crash you are always on about is still just around the corner hey?
The truth is that there are some phenomenal good buys out there right now, you can get a two bed brand new unit in the city at ridiculously low prices, that is a market that is struggling. However, you want what everyone wants so you will not get good buys in those markets. Miles you are the one in despair, no home in Sydney and prices have rocketed, while you told all and sundry you were predicting some huge silly crash.
I thought he started a whole thread on Sydney booming?
Answer this question: why would I buy something today which I think will be cheaper next week if I am happy to wait a week to have it?
You have been waiting since I came on here in 2012 and property prices have not dropped - during that time you have been paying rent and paying MB to sell you their cheap house fantasies.
You have lost FHBG money on existing homes and lost out on stamp duty deductions.
Now you are holding out again on the basis of data which does not show price drops it shows a change in buying due to Grant changes. Do you really really believe that this time will be it?
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.
You have been waiting since I came on here in 2012 and property prices have not dropped - during that time you have been paying rent and paying MB to sell you their cheap house fantasies.
You have lost FHBG money on existing homes and lost out on stamp duty deductions.
Now you are holding out again on the basis of data which does not show price drops it shows a change in buying due to Grant changes. Do you really really believe that this time will be it?
Why don't you stop spinning your wheels and answer the question.
A few posts back you were suggesting that people who defer buying a house because they expect the price of that house to fall is greedy.
Does that apply to all goods and services? Or just houses?
If so, why just houses?
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
Why don't you stop spinning your wheels and answer the question.
A few posts back you were suggesting that people who defer buying a house because they expect the price of that house to fall is greedy.
Does that apply to all goods and services? Or just houses?
If so, why just houses?
It is greedy IMHO to expect too much. I think that this kind of speculative greed, whether it is buying too much property to make money or waiting too long to get a bargain, does not serve the speculator well.
You are speculating that Perth will undergo price falls, the risk you run is that the market moves in the same way as Sydney and Melbourne.
No-one could deny that todays market in Perth is already deflated, most homes are not back to 2007 prices and some are very much lower.
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.
I thought he started a whole thread on Sydney booming?
I did. And around the same time I chose to contract in an industry that directly benefits from it.
But somehow skamy expects us to believe the best way to benefit from this property boom is to buy into it, as some courageous act of selfless patriotism. When in fact what she's really doing is encouraging this country to turn itself into a debt-ridden economic basket case along the lines of argentina, spain, or japan.
"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.
I did. And around the same time I chose to contract in an industry that directly benefits from it.
But somehow skamy expects us to believe the best way to benefit from this property boom is to buy into it, as some courageous act of selfless patriotism. When in fact what she's really doing is encouraging this country to turn itself into a debt-ridden economic basket case along the lines of argentina, spain, or japan.
Only one of those "debt ridden" countries issues its own currency (like Australia). Japan. Does not look that bad to me. This chart is a little old. The unemployment rate in Japan has since fallen further.
You have been waiting since I came on here in 2012 and property prices have not dropped - during that time you have been paying rent and paying MB to sell you their cheap house fantasies.
You have lost FHBG money on existing homes and lost out on stamp duty deductions.
Now you are holding out again on the basis of data which does not show price drops it shows a change in buying due to Grant changes. Do you really really believe that this time will be it?
Perth sounds like it's in trouble to me Skamy.
But then, I'm a miner, so WTF would a dumb fuck like me know? ...
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
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