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WA Iron Ore Exports Tumble.; Chinese Demand Plunges.
Topic Started: 7 Oct 2014, 07:30 PM (6,826 Views)
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doubleview
11 Oct 2014, 08:09 PM
Id say he's going to buy your house on the cheap and prob burn it down so he can piss on the ashes!!
A quick search of this site reveals this same threat being made countless times.

None of you have delivered on it because house prices keep rising. Pretty embarrassing stuff guys.
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skamy
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Veritas
11 Oct 2014, 06:23 PM
You'll have to dig out the post where I said my landlord was running a charity.

You are the first to lionise people "making a motzah" from property.

You always forget that its a zero sum game: one man's capital gain is another man's mortgage debt, with the people getting into the market for the first time being the ones's carrying the largest debts.

This is business. The price is what people are willing to pay. As always.
So are you denying that you told us you paid only $500 a week and had a landlord who did not up the rent as he appreciated good tenants? How he could get $650 for it etc etc a 3x2 close to the city and the train with a garage.
Edited by skamy, 11 Oct 2014, 09:01 PM.
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.
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newjez
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Guest
11 Oct 2014, 08:25 PM
A quick search of this site reveals this same threat being made countless times.

None of you have delivered on it because house prices keep rising. Pretty embarrassing stuff guys.
Skamy reckons prices haven't gone up since 2007.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Ned Flanders
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Mustapha Mond
9 Oct 2014, 01:24 AM
why not just move the steel smelter to the iron ore mine, then you will ship 99% iron rather than 62%, no build a bigger ship :D
Well, commodity steel is labour intensive, so why bother paying drongos $50 an hour here when you could be paying Chinese drongos $3 an hour to make it over there, but I get your point.

The bigger question is, why bother building the apartment blocks in China at all, since tens of millions of them are going to be moving here soon. Wouldn't it be more efficient to just take them out of the rice paddies, move them to the desert where they can make the steel and the buildings for themselves to live in.

------------------------------
" ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility."
- Alan Glynn
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doubleview
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Guest
11 Oct 2014, 08:25 PM
A quick search of this site reveals this same threat being made countless times.

None of you have delivered on it because house prices keep rising. Pretty embarrassing stuff guys.
Its not a threat, its just delving into the mind of a senile prop wannabe, who finks its the be all end all!!

Just keep walking....keep on walking Guest!

Actually Put a banana in your ear or would u rather keep your ear clear!
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Veritas
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Guest
11 Oct 2014, 08:25 PM
A quick search of this site reveals this same threat being made countless times.

None of you have delivered on it because house prices keep rising. Pretty embarrassing stuff guys.
The Perth property market is tanking.

- House Prices are falling
-Stock on the market is up 20% in a year
- There are almost 6,000 rentals vacant, up 50% on a year ago
- The State Government's budget is massively in the red.
-Unemployment is rising; as are the number of part time jobs being created relative to full time.
- The iron ore price has tanked
-Migration is falling
- FTB numbers have peaked and are falling.

All that has already happened just as the fall out from the end of the mining boom is beginning to unfold and with the monetary policy short in the arm already administered.

What exactly have the WA bears got wrong?

Edited by Veritas, 11 Oct 2014, 09:45 PM.
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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Foxy
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Zero is coming...

Veritas
11 Oct 2014, 01:46 PM
My lease is up for renewal in December.

I'll be looking for at least a 5% cut in the rent.

In about six months, I'll also be throwing in some low ball offers for properties in areas where I think there might be value.

I'll be offering between 15 and 20 per cent less than the asking price.

Interestingly, I put a low ball offer in for a property the other day. Called the REA. I was expecting more resistance than I got from the REA in question. Wouldn't be at all surprised if I get a call back; but Im not really interested; just testing the waters.
Make no mistake, there are empty properties every where.

Be hard, make their eyes water baby.

Full cavity search, up to the elbows.

Let me know how you go.

Happy hunting.

Peter

Show them whose their daddy.
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newjez
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Ned Flanders
11 Oct 2014, 09:14 PM
Well, commodity steel is labour intensive, so why bother paying drongos $50 an hour here when you could be paying Chinese drongos $3 an hour to make it over there, but I get your point.

The bigger question is, why bother building the apartment blocks in China at all, since tens of millions of them are going to be moving here soon. Wouldn't it be more efficient to just take them out of the rice paddies, move them to the desert where they can make the steel and the buildings for themselves to live in.
They could build them anywhere, as not many will ever live in them.

http://www.standard.co.uk/news/london/scandal-of-the-buytoleave-investors-who-keep-flats-empty-8702570.html

I have a mate who is a plumber and he has a regular job ripping out and reinstalling bathrooms in apartments where no one has ever lived. Nothing wrong with the bathrooms, so I assume it is some sort of tax rightoff.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Foxy
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Zero is coming...

With such low interest rates anything is possible.

Oh for 23% interest rates again.

Peter
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