Welcome Guest [Log In] [Register]


Reply
Why there will be no crash in Perth; Perth bears have their fantasy smashed
Topic Started: 21 Aug 2014, 02:38 AM (43,306 Views)
Bardon
Default APF Avatar


Jimbo
18 Sep 2014, 08:49 PM
Good for our gas supply but there won't be much in the way of jobs coming from this.
Its a boon for the economic rent, oil and gas is the king of economic rents.
Profile "REPLY WITH QUOTE" Go to top
 
skamy
Member Avatar


Bardon
18 Sep 2014, 08:38 PM
+1

WA is ridiculously rich in resources and minerals. There was a huge high grade oil find just a few weeks ago.

There will be no property price crash.

In fact if these projects get funding WA could get silly as this will coincide with a residential building boom. Too many bears fear the downside risk but fail to even acknowledge that there could be a serious upside risk and they could be back to the days of struggling to get a rental for any price.
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
 
Jimbo
Member Avatar


skamy
18 Sep 2014, 10:55 PM
In fact if these projects get funding WA could get silly as this will coincide with a residential building boom. Too many bears fear the downside risk but fail to even acknowledge that there could be a serious upside risk and they could be back to the days of struggling to get a rental for any price.
The latest gas find is not something that we need to rush into to exploit. It increases the longevity of our reserves which is great but it will not create a new load of highly paid FIFO jobs. A lot of the infrastructure is already in place anyway.

You seem to be clutching at straws.

Meanwhile RP data shows quarterly price growth for Perth running at negative 1.18% and year on year currently running at a below inflation 2.81%.

It isn't going to get any better either with new construction adding supply and immigration falling back.

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.
Profile "REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar


skamy
18 Sep 2014, 10:55 PM


WA is ridiculously rich in resources and minerals. There was a huge high grade oil find just a few weeks ago.
And their resources haven't helped them much in the last year or so have they. As for a new oil field, so what? We hear these bullshit claims all the time, it's a boom! We'll all be rich. The last one was the east coast shale oil bonanza remember. More oil than Saudi Arabia but it was all a crock and amounted to nothing.
Perth has run it's course, it's all downhill now as the kondrattieff winter takes hold and the debt is purged from the world economy.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


goldbug
19 Sep 2014, 07:01 AM
And their resources haven't helped them much in the last year or so have they. As for a new oil field, so what? We hear these bullshit claims all the time, it's a boom! We'll all be rich. The last one was the east coast shale oil bonanza remember. More oil than Saudi Arabia but it was all a crock and amounted to nothing.
Perth has run it's course, it's all downhill now as the kondrattieff winter takes hold and the debt is purged from the world economy.
Goldbug you do have a reputation for being the village idiot around here, not from me but others. I have to say that having seen your recent form it suggests to me that you are. Its all there for everyone to see in its naked truth just in case you think I am making it up.

As an admirer of gold you seem to lack any knowledge of what the land based origins of this metal mean for the economic rent of those same areas that produce it. There has never been an east coast shale oil bonanza if you care to look, never. Yet you harp on about energy sources with absolutely no basis for your claims, except that they are negative for the world as we know it.

The Kondratiev wave is only in half cycle, yet you call it the "Kondratiev Winter", this is woeful on your behalf. Either you just don't know much and it doesn't matter to you, or you are stupid.

Which tells me that you really don't know much, if anything, about the things that you wax lyrical about.
Edited by Bardon, 19 Sep 2014, 07:35 AM.
Profile "REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar


Bardon
19 Sep 2014, 07:19 AM
There has never been an east coast shale oil bonanza if you care to look, never.

The Kondratiev wave is only in half cycle, yet you call it the "Kondratiev Winter", this is woeful on your behalf...
Dribble dribble.
:lol disproving you is easier than shooting fish in a barrel. Now go back to predicting the iron ore price, at least there your only wrong by a couple of hundred percent.

Quote:
 
Oil shale in Australia ranges from small deposits to large reserves. Deposits, varying by their age and origin, are located in about of one-third of the country in Eastern Australia. in 2012 the demonstrated oil shale reserveswere estimated at 58 billion tonnes.[1] The easiest to recover deposits are located in Queensland.
http://en.m.wikipedia.org/wiki/Oil_shale_in_Australia


$20 trillion shale oil find surrounding Coober Pedy 'can fuel Australia'

http://m.adelaidenow.com.au/news/south-australia/trillion-shale-oil-find-surrounding-coober-pedy-can-fuel-australia/story-e6frea83-1226560401043?nk=a288e768e819618c530ff87685904482

Quote:
 
If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States

Based on Professor Thompson's analysis long K cycles have nearly a thousand years of supporting evidence. If we accept the fact that most winters in K cycles last 20 years (as outlined in the chart above) this would indicate that we are about halfway through the Kondratieff winter that commenced in the year 2000. Thus in all probability we will be moving from a "recession" to a "depression" phase in the cycle about the year 2013 and it should last until approximately 2017-2020.

http://michaelsnyder.mensnewsdaily.com/2014/05/if-economic-cycle-theorists-are-correct-2015-to-2020-will-be-pure-hell-for-the-united-states/

Here, educate yourself bardon
http://www.kwaves.com/kond_overview.htm
Edited by goldbug, 19 Sep 2014, 08:46 AM.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
goldbug
Default APF Avatar




*Crickets*
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


I'm starting to wonder if gold is the next domino.
Profile "REPLY WITH QUOTE" Go to top
 
Mike
Default APF Avatar


Bardon
19 Sep 2014, 07:19 AM
Either you just don't know much and it doesn't matter to you, or you are stupid.

Which tells me that you really don't know much, if anything, about the things that you wax lyrical about.
Spot on, hence why I don't waste my time replying to his rubbish.
Perthite
19 Sep 2014, 05:30 PM
I'm starting to wonder if gold is the next domino.
Gold was the first domino, just not the context you would like. It still has much further to fall yet.
Edited by Mike, 19 Sep 2014, 06:20 PM.
http://mike-globaleconomy.blogspot.com.au/
Profile "REPLY WITH QUOTE" Go to top
 
Lef-tee
Default APF Avatar


Quote:
 
In fact if these projects get funding WA could get silly as this will coincide with a residential building boom. Too many bears fear the downside risk but fail to even acknowledge that there could be a serious upside risk and they could be back to the days of struggling to get a rental for any price.


It'd be nice if you're right skamy but at this point in time I'd say you're just engaging in wishful thinking.
Profile "REPLY WITH QUOTE" Go to top
 
3 users reading this topic (3 Guests and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Join the millions that use us for their forum communities. Create your own forum today.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



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