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Will the Sydney median house price reach $1 million by the end of 2015?
Topic Started: 4 Sep 2014, 03:48 PM (22,829 Views)
Terry
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Veritas
2 Oct 2015, 07:46 PM

Why would it?

Stick to sucking Shadow's cock.

Its your strong suit.
Wouldn't that be like masturbation (hand....puppet...gratification)?
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Trollie
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Veritas
2 Oct 2015, 07:46 PM

Stick to sucking Shadow's cock.

Its your strong suit.
Didn't we establish shadow is a woman.
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Shadow
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Evil Mouzealot Specufestor

Veritas
2 Oct 2015, 07:46 PM
The point is relative to incomes the price to income ratio in Sydney now approximates what it did in Dublin at the peak of it's bubble.
I think the absolute price/income ratio is less important than the change in the ratio over time, because the ratio doesn't account for differences in tax rates, cost of living and disposable income.

For example, Hong Kong has had a ratio of 18X for many years
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Shadow
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Evil Mouzealot Specufestor

Trollie
2 Oct 2015, 08:19 PM
Didn't we establish shadow is a woman.
I thought we did. And gay as well.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Ex BP Golly
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Trollie
2 Oct 2015, 07:42 PM
"must be" "probably"

You love your well researched facts don't you.
I love your snide toadyism.
You haven't changed since you were posting here as Not Fooled.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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stinkbug
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Ex BP Golly
2 Oct 2015, 11:42 PM
I love your snide toadyism.
<static>

"Pot, this is kettle, over..."

<static>
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Veritas
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Trollie
2 Oct 2015, 08:19 PM
Didn't we establish shadow is a woman.
We have established that your life's mission is to lick his or her arse at every opportunity.

Do you like being someone else's rent boy?
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
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Ex BP Golly
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Veritas
3 Oct 2015, 09:25 PM
We have established that your life's mission is to lick his or her arse at every opportunity.

Do you like being someone else's rent boy?
Stinking and Troll are tussling over who is closest to Shadows organic exhaust vent.
Edited by Ex BP Golly, 3 Oct 2015, 11:07 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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stinkbug
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Ex BP Golly
3 Oct 2015, 11:06 PM
Stinking and Troll are tussling over who is closest to Shadows organic exhaust vent.
And Golly resorts to insults when her thoughts run out. As usual.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ex BP Golly
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stinkbug
3 Oct 2015, 11:13 PM
And Golly resorts to insults when her thoughts run out. As usual.
It's cute that you're worried I'm closing the gap on your 7,000 plus brain farts
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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