If this keeps up, it might crawl all the way back up to its 2009 nominal value, although even then in real terms it would still be 20% below its 2009 level. Winning!
Your point ?
It's interesting how those that have shit loads of debt hanging around their necks (shadow, and his lap dog dolie) Care little for the uptick in the stock market or any other paper asset class, but when it comes to real money they absolutely shit their pants ever time it goes up and throw a party when it dips.
I know they are stupid for taking on so much debt right at the point in history when the entire world financial system is on the brink of collapse, but they are smart enough they realize that Gold is the enemy of rampant debt expansion, at least at a subconscious level.
Poor little shadow, investing with other people's money, hoping to win big with no plan B if property takes a hit. You know one day shadow the banks will stop rolling over the IO loans and insist payment of the principle. It's gotta happen one day...
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Not quite. Sydney nominal prices rose between 2003 and 2011, whereas gold is down even in nominal terms since 2009.
And Sydney property provided a rental yield during those years, whereas gold provides zero yield.
Yes, and since 2009, that is what has happened to gold.
Do try to either stick to the discussion points... squirming in with nominal values to prove they rose is just the act of desperation from someone picking another 3 year period of nomiminal gold prices to compare it to is just pathetic.
We're you going out of your way to prove my point on you cherry picking or just so pavlovian you could not stop ?
Real sydney prices were flat over the 2003 to 2011 level... fact
So you're willing to compare gold with rice, and rice with property, but you would never dare to compare gold with property directly?
The Whole Truth
14 Aug 2015, 03:16 AM
Poor little shadow, investing with other people's money, hoping to win big with no plan B if property takes a hit. You know one day shadow the banks will stop rolling over the IO loans and insist payment of the principle. It's gotta happen one day...
Plan A has already won, so I have no need for plan B. And if the banks ever ask for me to pay principal on my IPs then I would simply redirect some of the spare rental income towards that.
Rastus2
14 Aug 2015, 08:03 AM
Real sydney prices were flat over the 2003 to 2011 level... fact
That's still better than gold since 2009 because...
1. Nominal Sydney prices rose 19% from 2003 to 2011. Leveraged at a typical 80% LVR, this is a return of 95% (well above inflation). 2. Gold actually FELL in both real terms and nominal terms between 2009 and today 3. Gold provided no income / yield during that period, whereas property provided rental income
rant, waffle, Rand %**&^%*& houses are better than any other asset, let me use cherry picked stats to prove it
rant, rant, rant,
Twist, cherry pick, rant
Same old tricks, Same broken record, same inability to take the caution you dish out when using real terms or cherry picking time frames and venting anger when being exposed as holding double standards
Same old tricks, Same broken record, same inability to take the caution you dish out when using real terms or cherry picking time frames and venting anger when being exposed as holding double standards
I just expected more from you than abuse and ad hominems. You didn't even try to address the points I raised. Oh well, never mind.
abuse - lol
Either your threshold for abuse is positively sub-atomic in magnitude, or, more likely, as soon as you are caught out doing your old tricks, you cry foul in the hope it will distract from your games.
ad hominems -
Well the facts are as they stand... it is not ad hominems, simply a mirror for you to observe your actions.
I addressed the 'points you raised' with the due diligence required of them... considering they were simply yet another extension of cherry picking, they did not require, nor deserve anything other than exposure to the sunlight for what they were.
I'll remind you of the facts I posted. And the Sydney dates were chosen by yourself, so I'm not sure why you're accusing me of 'cherry picking'...
Between 2003 and 2011 (the dates you selected) Sydney property performed better than gold has done since 2009, because...
1. Nominal Sydney prices actually rose 19% from 2003 to 2011. Leveraged at a typical 80% LVR, this is a return of 95% (well above inflation). 2. Gold has FALLEN in both real terms and nominal terms from 2009 until today 3. Gold provided no income / yield during that period, whereas property provided rental income
Let's see if you can respond in a more mature manner this time.
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.
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