I will remind you of that comment in the future if you are still here.
Just Ask Newjez he has made so many bad calls we gave up quoting them as it took to long to find them all. But at least Newjez does know a lot more then you on the topic. He is still annoying though but a knowledgable annoyance.
Yes mate.
And I will be forever reminding you of your claim to have some kind of secret knowledge that you are keeping close to your chest.
This knowledge is held by you and a select few insiders alone. It has been undiscovered by the mainstream media and the population in general.
You can't divulge this secret, but you can reveal that its impact on house prices will be to force them upwards.
For more, click here to subscribe to the daily Mike newsletter. http://mikesadick.com
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
I was in perth around March to April, I have to say there is a hell of a lot more apartments under construction in Brisbane then perth.
Not to say perth won't be oversupplied, but I reckon brissie will be oversupplied first.
It all depends on where the new arrivals continue to go. Obviously Melbourne and Sydney are the preferred choices but Brisbane might start looking good because of the cheaper prices. Perth is not likely to have the same sort of population growth we've seen recently so it is more likely to be oversupplied.
There's been no loss sitting on the sidelines with a pile of USD in recent years. i still believe the dollar is far too overvalued for Australia to be competitive, so further slides will see it get cheaper again if the prices continue to bumble along as they have been ...
Here's hoping eh?
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
There's been no loss sitting on the sidelines with a pile of USD in recent years. i still believe the dollar is far too overvalued for Australia to be competitive, so further slides will see it get cheaper again if the prices continue to bumble along as they have been ...
This one of the reasons I bought the yellow metal a couple of weeks ago. I think the Aussie has more potential to the downside than the up. The RBA has a bit of room to move rates and weaken our currency where the FED has nowhere to go other than negative or more QE.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
I know that you were taking the piss, but we both know that it's a better plan than most have if you can get the timing right.
If you can buy cheap enough. And have a long enough timeframe re holding. 10 years minimum was always the go. Though I play safe and think more in terms of 15 years now. Though who's to know - It's a funny ole world.
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