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Oh Happy Days - the joys of property ownership; Finally a new town plan I am happy with.
Topic Started: 11 Sep 2014, 02:02 PM (2,131 Views)
Frank Castle
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Business As Usual

Town plans change
1 parcel of land turns into many
and money shall fall from the heavens :tu:

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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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Veritas
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Only if the increase in supply that you propose will eventuate is matched by a corresponding increase in demand.

Otherwise, more supply will mean lower prices. You could still make money; just not as much as you think.

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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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Dr Watson
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Veritas
11 Sep 2014, 02:05 PM
Only if the increase in supply that you propose will eventuate is matched by a corresponding increase in demand.
The demand comes from the migrants. That Scott Morrison chap just pulls a bit harder on his immigration lever, and presto, demand materialises almost out of thin air. Surely you understand that much by now, Veritas?
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Black Panther
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Dr Watson
11 Sep 2014, 02:36 PM
The demand comes from the migrants. That Scott Morrison chap just pulls a bit harder on his immigration lever, and presto, demand materialises almost out of thin air. Surely you understand that much by now, Veritas?
It has become apparent that the Bears dont want to understand.

Their choice is go insane like a few of the big mouth degenerates who recently fled to the funny farm or delude themselves that market forces will save their bacon.

Truely Lamentable. It is one thing to make a mistake, but to then deny it indefinitely ?

Again Truely Lamentable.

Remember the cries of "So you think its different here !" Well guess what, it is. Chindia will be used to temper any downward movement in RE prices and to also engineer growth as required until the market is transmuted.

Its not that I wanted this to happen. Its just so obvious to anyone with a working mind.
Edited by Black Panther, 12 Sep 2014, 07:45 AM.
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Veritas
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Dr Watson
11 Sep 2014, 02:36 PM
The demand comes from the migrants. That Scott Morrison chap just pulls a bit harder on his immigration lever, and presto, demand materialises almost out of thin air. Surely you understand that much by now, Veritas?
Posted Image
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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A Lurker
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Veritas
12 Sep 2014, 12:27 PM
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contrasted to Aus position as per last graph here:

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goldbug
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Frank Castle
11 Sep 2014, 02:02 PM
Town plans change
1 parcel of land turns into many
and money shall fall .....
Great news frank, you could build a couple of pontoons on it, then the land might actually appreciate a bit. Is the block in front of a boat ramp?
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Veritas
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A Lurker
12 Sep 2014, 01:10 PM
contrasted to Aus position as per last graph here:

Posted Image
Point is. you can have all the immigration you want, it doesn't guarantee that property is a one way bet.
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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zaph
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Frank Castle
11 Sep 2014, 02:02 PM
Town plans change
1 parcel of land turns into many
and money shall fall from the heavens :tu:

Posted Image
It's proposed. Are you going to make a submission?
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van
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Thing is a migrant as soon as they come here and find a job, they can get a loan to buy property, most migrants have no debt. So when a new family come over, the banks can make a 1 million loan straight away and profit. That is how they can keep the debt system running by bringing in people with capacity to take on debt.
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