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 (43,303 Views)
newjez
Member Avatar


John Frum
21 Sep 2014, 10:45 PM
:lol

My experience here has been so much more rewarding since I blocked that bitter, ageing gin-soaked harlot.

A complete and utter waste of space.
I hate saying lol, but I did!
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
Blondie girl
Member Avatar


Jimbo
22 Sep 2014, 12:51 AM
Senseless personal attack
Theres nothing more disturbing than an unemployed engineer really. It's a small world out there especially when I know building stuff. :bl:
So much time posting don't you, & if you are supposed to be working ..well there should be a performance review.
So Who was the unfortunate employer jumpy jimmy?
newjez
22 Sep 2014, 12:58 AM
I hate saying lol, but I did!
Keep writing those blockbuster novels of smut .



That you proudly display your name to the world...for anyone to check up on & do a background overview.
Edited by Blondie girl, 22 Sep 2014, 01:38 AM.
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.
Profile "REPLY WITH QUOTE" Go to top
 
Jimbo
Member Avatar


Blondie girl
22 Sep 2014, 01:25 AM
Theres nothing more disturbing than an unemployed engineer really. It's a small world out there especially when I know building stuff. :bl:



I am off to Seoul Tuesday morning. For work. Therefore I am not unemployed.

I am sure you "know" quite a few tradies. Must be how you earn your goon bag money.
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
 
Blondie girl
Member Avatar


It's a small world Perth....

So is commercial & residential construction.

Goodnight Jim.
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.
Profile "REPLY WITH QUOTE" Go to top
 
skamy
Member Avatar


Perthite
20 Sep 2014, 02:45 PM
Blondie there are already sectors of Perth RE that are mid bust. Granted it is not Residential but it is an interesting time.

The argument is essentially about sub sectors now. Which will and which won't roll over in Perth.
Perthite
Dont be daft residential is not any where near rolling over. Sure there is still some bargain buying in the upper market but even that is improving from 2011/2012 levels.

How may time have you believed the doomer fairy tales? How many times are they proved wrong? How on earth can you believe that a State with such huge sources of wealth and such an already discounted property market will crash is beyond me.
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
22 Sep 2014, 10:32 PM
Perthite
Dont be daft residential is not any where near rolling over. Sure there is still some bargain buying in the upper market but even that is improving from 2011/2012 levels.

How may time have you believed the doomer fairy tales? How many times are they proved wrong? How on earth can you believe that a State with such huge sources of wealth and such an already discounted property market will crash is beyond me.
Record low interest rates.
Low unemployment.
Highest wages in Australia.
Endless resources.

Negative 1.4% qtr on qtr house price growth.

Can you explain that?

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
 
skamy
Member Avatar


Jimbo
22 Sep 2014, 11:11 PM
Record low interest rates.
Low unemployment.
Highest wages in Australia.
Endless resources.

Negative 1.4% qtr on qtr house price growth.

Can you explain that?
There are currently very good fundamentals in Perth ie low unemployment, good wages, lots of wealth from resources, good profits being made etc etc.

However, confidence in housing was hit badly by the GFC and prices fell by up to 40%. This market is now slowly recovering with some sectors growing well eg below $800,000 and land prices are also starting to grow strongly. Some months will be up others down. However, the overall trend should be upwards from here as there are absolutely no fundamentals to support a further downturn in Perth.

Jimbo, Edwards is a respected local economist have you read his latest predictions for the future of this State? To me I would say it is not a good time to place any huge bets on a falling market. The falls have been and gone and there is lots and lots of seriously good WA economic news out there. How many countries would die for just a fraction of the recent resources and energy finds of WA? Do you seriously think the Brits would be predicting a house price crash if they found an oil area as valuable as the recent one in WA?

I know you have a different view and at the moment there is indeed little movement in the $1m plus market which is your target. However, even a 5% increase in a $1m home is a lot of money to find if the market turns and moves away from these already heavily discounted prices eg 40% down from 2007 in some places. I am the type of person who would rather wait out a few years of further falls than risk getting priced out of a rising market.
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
 
Veritas
Default APF Avatar


skamy
23 Sep 2014, 12:10 AM
However, confidence in housing was hit badly by the GFC and prices fell by up to 40%of a rising market.
Where? Where did this happen?

How may suburbs?
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
Profile "REPLY WITH QUOTE" Go to top
 
Lef-tee
Default APF Avatar


Skamy - what goes up must sooner or later come down. There's nothing inherently bearish in pointing out a simple fact of life.
Profile "REPLY WITH QUOTE" Go to top
 
Jimbo
Member Avatar


Veritas
23 Sep 2014, 12:19 PM
Where? Where did this happen?

How may suburbs?
Skamy is grabbing onto something I said a couple of months ago. During the mental phase in 2007, some idiot near me put their house on the market for 1.2 million (it didn't sell). Now it is on for 599k.

So Skamy is trying to reason that the crash has already happened because one house fell by 40% (although it never traded for the upper price anyway so it is only a fall in asking price).

Skamy would argue that 1+1=11 if it meant that house prices would continue to increase.
skamy
23 Sep 2014, 12:10 AM
Jimbo, Edwards is a respected local economist have you read his latest predictions for the future of this State? To me I would say it is not a good time to place any huge bets on a falling market. The falls have been and gone and there is lots and lots of seriously good WA economic news out there. How many countries would die for just a fraction of the recent resources and energy finds of WA? Do you seriously think the Brits would be predicting a house price crash if they found an oil area as valuable as the recent one in WA?
You are either completely missing the point or you are in denial.

I know WA is rich in resources. Everybody knows that.

I know that the rest of the world will need this stuff.

But we have just spent the last 10 years ramping up our ability to supply these resources and in effect we have already met the demand.

All we have to do now is dig the stuff up and that doesn't put anything like the amount of capital into the state.

How hard is that to figure out?
Edited by Jimbo, 23 Sep 2014, 10:21 PM.
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
 
3 users reading this topic (3 Guests and 0 Anonymous)
ZetaBoards - Free Forum Hosting
ZetaBoards gives you all the tools to create a successful discussion community.
Learn More · Register for Free
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