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Australia exactly the same as California - Harry Dent's Australian Property Bubble Forecast 2014; The Greater The Bubble The Greater The Burst
Topic Started: 8 Sep 2014, 10:53 PM (2,823 Views)
zaph
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ThePauk
9 Sep 2014, 09:15 AM
And all the other states in the US? perhaps provide them for some balance.

I could do a chart for Noosa and call it all Australia as well. Not your best post Peter.
If the conversation was about the SC then that would be fine. This thread is about California not other USA states. Not your best post pauk.
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John Frum
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Harry Dent, like Peter Schiff, is an entertainer, pure and simple. Like all great entertainers they can give us a behavioral insight here and there, but their primary goal is to entertain.

I think they both do a splendid job.
Edited by John Frum, 9 Sep 2014, 09:37 AM.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
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peter fraser
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ThePauk
9 Sep 2014, 09:15 AM
And all the other states in the US? perhaps provide them for some balance.

I could do a chart for Noosa and call it all Australia as well. Not your best post Peter.
I don't see how Noosa is relevant to California, but I would like to see how Noosa is faring so yes - please do that.

I was driving around Montville, Maleny, Flaxton, and Mapleton on the weekend. Houses in those towns have started selling again after years in the wilderness. Things are changing fast on the Sunshine Coast. Noosa was the hardest hit area so it will be a good proxy for SEQ in some ways.

Ready when you are Paul. Start a fresh thread on Noosa.

PS - went to Coolum too - picnic at point Arkwright. I should have dropped in for morning tea.

Edited by peter fraser, 9 Sep 2014, 09:46 AM.
Any expressed market opinion is my own and is not to be taken as financial advice
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Frank Castle
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Business As Usual

ThePauk
9 Sep 2014, 09:15 AM
And all the other states in the US? perhaps provide them for some balance.

I could do a chart for Noosa and call it all Australia as well. Not your best post Peter.
Never see you say the same when your cohorts froth on about Sydney Sydney Sydney.

You do know that Sydney is not Australia right?
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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John Frum
9 Sep 2014, 09:37 AM
Harry Dent, like Peter Schiff, is an entertainer, pure and simple. Like all great entertainers they can give us a behavioral insight here and there, but their primary goal is to entertain.

I think they both do a splendid job.
No frumpy. There primary goal was to make money in their field of employment, which is economics. But their insight and perhaps their entertaining way of portraying it has helped to give them the recognition they have. But that is a spinoff of what they do and their goal. Their goal is to educate , not entertain, but thanks for the entertainment.
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Frank Castle
9 Sep 2014, 09:45 AM
Never see you say the same when your cohorts froth on about Sydney Sydney Sydney.

You do know that Sydney is not Australia right?
When comparing to depot hill, anything would look good frank.

What were you thinking ?
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ThePauk
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peter fraser
9 Sep 2014, 09:43 AM
I don't see how Noosa is relevant to California, but I would like to see how Noosa is faring so yes - please do that.

I was driving around Montville, Maleny, Flaxton, and Mapleton on the weekend. Houses in those towns have started selling again after years in the wilderness. Things are changing fast on the Sunshine Coast. Noosa was the hardest hit area so it will be a good proxy for SEQ in some ways.

Ready when you are Paul. Start a fresh thread on Noosa.

PS - went to Coolum too - picnic at point Arkwright. I should have dropped in for morning tea.
Peter, Zaph
My bad, sorry about my comment. I did assume we were talking about AU complete.

3br house in Noosa are down 6.7% over the last 12 months.

http://www.sqmresearch.com.au/graph_median_weeks.php?postcode=Noosa+Heads&t=1


Not sure we have a chronic shortage of houses like California...

http://ochousingnews.com/blog/chronic-shortages-housing-supply-inflates-california-house-prices/

and it seems they have a Chinese investor issue to deal with as well...

http://thediplomat.com/2014/08/chinese-investors-fuel-california-housing-bubble/


I suppose California is a big place with different markets...

http://www.latimes.com/business/la-fi-home-sales-20140814-story.html
Edited by ThePauk, 9 Sep 2014, 10:03 AM.
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peter fraser
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ThePauk
9 Sep 2014, 10:02 AM
Peter, Zaph
My bad, sorry about my comment. I did assume we were talking about AU complete.

3br house in Noosa are down 6.7% over the last 12 months.

http://www.sqmresearch.com.au/graph_median_weeks.php?postcode=Noosa+Heads&t=1


Not sure we have a chronic shortage of houses like California...

http://ochousingnews.com/blog/chronic-shortages-housing-supply-inflates-california-house-prices/

and it seems they have a Chinese investor issue to deal with as well...

http://thediplomat.com/2014/08/chinese-investors-fuel-california-housing-bubble/


I suppose California is a big place with different markets...

http://www.latimes.com/business/la-fi-home-sales-20140814-story.html
No problem Paul, it's no big deal. We forgive you.
If you have Tim Tams we will drop in next time.

I thought that you might still have access to Pricefinder.

Here is Noosa Heads
http://www.pricefinder.com.au/flyover/?locality=Noosa Heads&propertyType=House&postcode=4567

And Noosa North Shore
http://www.pricefinder.com.au/flyover/?locality=Noosa North Shore&propertyType=House&postcode=4565

The North Shore still seems to be having a problem but not Noosa Heads.

Apartments are still in a world of pain though
http://www.pricefinder.com.au/flyover/?locality=Noosa Heads&propertyType=Unit&postcode=4567

They will pick up when and if our dollar falls.
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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Peter
I think the sales volumes are the main point and my PF chart looks quite different to the flyover.

Still well over 1 years stock on the market based on 2013 sales (235) with (277) houses on the market now.
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Edited by ThePauk, 9 Sep 2014, 11:40 AM.
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Gunner
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So please someone give me a date thus burst is going to happen? I've been waiting around 10 years and getting impatient...
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