Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 4
ANZ Chairman David Gonski: Correction inevitable, anybody who believes prices always go up is a fool; Going to happen tomorrow, at five o’clock this afternoon or in three months
Topic Started: 3 Sep 2014, 08:49 AM (3,585 Views)
CSI
Member Avatar


I have a feeling the bubble will pop when few are expecting to, it will come like a "thief in the night" to quote the bible. So if many people are going on about how the pop is imminent, it probably isn't. Its safe to keep buying houses, for the moment.
Profile "REPLY WITH QUOTE" Go to top
 
noopsy05
Default APF Avatar


CSI
4 Sep 2014, 12:44 AM
I have a feeling the bubble will pop when few are expecting to, it will come like a "thief in the night" to quote the bible. So if many people are going on about how the pop is imminent, it probably isn't. Its safe to keep buying houses, for the moment.
Your probley right, not many people called the last GFC then it happened and everyone's been calling another since and it hasnt happened. Bank deposits are at there highest and will keep growing, then everyone will start spending soon enough. Interest rates will edge higher after the spending starts, people who still are not spending will be make good money on term deposits then Boom! another GFC but house prices stay the same because there such a good investment and whoever hasn't got on board all ready sucks
Profile "REPLY WITH QUOTE" Go to top
 
Blondie girl
Member Avatar


Don't forget the simplistics.

It includes this..
Oz house prices will always have a fair level of support just because Ausies in general like to have their homeownership. It's the ambition & motivation of people to own not rent. Yes many residents in other countries are happy to rent(like some of my Swiss relatives) & have no desire for home ownership & they don't actually feel inferior about it.
One comment is that they've got more disposable income to play with really.

However, the oz attitude is different when it comes to houses so in effect there will be always a level of support for prices to keep rising.

How do you fight bigwigs ? The system supports home ownership perks.

But then..
The problem is that too many people think they can be playing the mini-property tycoon so it gets a negative spanner in the works. So there's people worrying about the % over time..

So I do think what happens to asset prices in a scenario of "bubble" trends is really affected if 1 is expecting the general economic environment to be inflationary or deflationary.

The real bubble is the detrimental effects of credit, which can crank up the heat to cause that potential to "pop".

Edited by Blondie girl, 4 Sep 2014, 01:31 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
 
Sober
Default APF Avatar


Dr Watson
3 Sep 2014, 01:32 PM
Warnings, warnings, warnings. I want someone to give me an accurate timeframe. Is it too much to ask?


The RBA is in the perhaps unique position of being able to make accurate and timely house-price movement predictions with enforceable outcomes, should they choose to start driving events rather more forcefully than they do now.

Wanna prick a house-price bubble right quick, and with great certainty? Have the RBA jack the cash rate to 250% tomorrow, and damn the torpedoes.

So be careful what you wish for...
Edited by Sober, 4 Sep 2014, 04:25 AM.
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


CSI
4 Sep 2014, 12:44 AM
I have a feeling the bubble will pop when few are expecting to, it will come like a "thief in the night" to quote the bible. So if many people are going on about how the pop is imminent, it probably isn't. Its safe to keep buying houses, for the moment.
Actually, most people think it will happen. Most people know houses are ridiculously priced. But they come to accept the new normal. It's like living in a war zone. Eventually you become complacent about the danger. Then you die.
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
 
Mandate
Unregistered

Sober
4 Sep 2014, 03:40 AM


The RBA is in the perhaps unique position of being able to make accurate and timely house-price movement predictions with enforceable outcomes, should they choose to start driving events rather more forcefully than they do now.

Wanna prick a house-price bubble right quick, and with great certainty? Have the RBA jack the cash rate to 250% tomorrow, and damn the torpedoes.

So be careful what you wish for...
Dream on mate, how naive, RBA cant jack rates up like that, it would wreck the economy so its against their mandate, if they tried it the govt would boot them out.........

It is the duty of the Reserve Bank Board, within the limits of its powers, to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia and that the powers of the Bank ... are exercised in such a manner as, in the opinion of the Reserve Bank Board, will best contribute to:

the stability of the currency of Australia;
the maintenance of full employment in Australia; and
the economic prosperity and welfare of the people of Australia.
"REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 4



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