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Perth $30K FHB promotion; Why so desperate?
Topic Started: 19 Aug 2015, 12:54 AM (9,001 Views)
skamy
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Perthite
20 Aug 2015, 12:07 PM
Not on Jimbo's spreadsheet they are not. Even their own website shows a reduction in listings to 13444 - some dodgy numbers there.
http://reiwa.com.au/for-sale/perth~region/?exclude-sold-and-under-offer

Sorry Perthite there will be no crash in Perth - better get on with your own life and dump the doomsters.
Veritas
20 Aug 2015, 05:36 PM



Lol... the how do you explain the fact that there are 10,000 empty rental properties you muppet?
Do you know what household formation is ? Do you really believe that there is a new paradigm for household formation in WA ?

WA household sector has been in a downturn since 2007 any which way you slice or dice it, yet there are still eejits like yourself who will believe the utter lies and nonsense from you doomster cult sites telling you the housing has been booming.

There is no crash in Perth and there will be no crash in Perth. You guys will hold onto your cheap house dreams until you are old and decrepit in a rental out in the boondocks. You will miss all of the home equity rides of your peers and you will not have spare money to invest as you age and even then you will refuse to acknowledge your silly speculations.
Edited by skamy, 20 Aug 2015, 06:02 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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Perthite
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skamy
20 Aug 2015, 05:42 PM
Not on Jimbo's spreadsheet they are not. Even their own website shows a reduction in listings to 13444 - some dodgy numbers there.
http://reiwa.com.au/for-sale/perth~region/?exclude-sold-and-under-offer

Sorry Perthite there will be no crash in Perth - better get on with your own life and dump the doomsters.

Do you know what household formation is ? Do you really believe that there is a new paradigm for household formation in WA ?

WA household sector has been in a downturn since 2007 any which way you slice or dice it, yet there are still eejits like yourself who will believe the utter lies and nonsense from you doomster cult sites telling you the housing has been booming.

There is no crash in Perth and there will be no crash in Perth. You guys will hold onto your cheap house dreams until you are old and decrepit in a rental out in the boondocks. You will miss all of the home equity rides of your peers and you will not have spare money to invest as you age and even then you will refuse to acknowledge your silly speculations.
You been following profit season?

There is going to be casualties shortly.
Edited by Perthite, 20 Aug 2015, 06:11 PM.
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Veritas
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skamy
20 Aug 2015, 05:42 PM
Not on Jimbo's spreadsheet they are not. Even their own website shows a reduction in listings to 13444 - some dodgy numbers there.
http://reiwa.com.au/for-sale/perth~region/?exclude-sold-and-under-offer

Sorry Perthite there will be no crash in Perth - better get on with your own life and dump the doomsters.

Do you know what household formation is ? Do you really believe that there is a new paradigm for household formation in WA ?

WA household sector has been in a downturn since 2007 any which way you slice or dice it, yet there are still eejits like yourself who will believe the utter lies and nonsense from you doomster cult sites telling you the housing has been booming.

There is no crash in Perth and there will be no crash in Perth. You guys will hold onto your cheap house dreams until you are old and decrepit in a rental out in the boondocks. You will miss all of the home equity rides of your peers and you will not have spare money to invest as you age and even then you will refuse to acknowledge your silly speculations.
Is that supposed to be an answer to my very simple question?

You are the forum laughing stock.
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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Chris
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The Whole Truth
20 Aug 2015, 05:21 PM
Angry Much mattie.
Losing the plot... Big time.
Very angry and the antithesis of self righteousness so he is affording us all great entertainment as he spends hours shooting at himself in a house of mirrors.

Should seek help though, it's hard to watch.
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Matthew
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Jimbo
20 Aug 2015, 04:41 PM
Just tell everyone about the three expensive cars and a boat in the garage of one of your many properties in superior suburbs.

Slag off anyone who lives more than 30 minutes from the city and tell us all about your holidays staying in 5 star luxury hotels. No shred of evidence. A complete fantasy. Wiki quotes made out to be your own words.

The truth is Mathew, you are (at best) a Johnny come lately, over leveraged property "investor" who is shitting his pants at the prospect of losing his shirt.

So you come on here (and PN) and you have your own little blog as well. Sole purpose being to keep people buying into the Ponzi that is the Perth property investment market.

Kid everyone that you have become rich and successful from owning a few IP's.
Because if people stop buying in, you can't get out.



Come on Jimbo, you can do better than that mate. Yes Applecross, Vic Park and Wilson are all superior suburbs to Warnbro mate, but to be fair the only suburbs possibly worse are Armadale, Gosnells and Kwinana. And they probably aren't actually worse they are just further from the beach.

My responses on where I holiday, what I drive and where I go I never intended to say. I have just responded to your own bragging where you have specifically derided me.

I am not a Johnny come lately, my debt to equity ratio is perfect, I will have no debt in a year or two and then will transition my investments to accumulating shares. When I have no debt Jimbo, got to invest in something right?

Just because I have held my former PPOR's to accumulate a property portfolio does not make me special Jimbo, plenty of people do it if they can afford to. Just because you aren't one of them, well that isn't my problem.

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Everyone can do it, isn't that right Gary?
You are pathetic mate. Like your call of a 25% price fall by November 2014 I think it is time you let that line go. It is bullshit and you are not impressing anyone with your childish petulance.
Chris
20 Aug 2015, 06:44 PM
Very angry and the antithesis of self righteousness so he is affording us all great entertainment as he spends hours shooting at himself in a house of mirrors.

Should seek help though, it's hard to watch.
Angry? Chris I am not one of the poor pricks on here renting a house in the hope that they will pick up a cheap one when the "crash" comes. How many years have you been waiting? How much rent have you paid?

Just because you are bitter about your poor decisions don't think I am angry. I am one of the happiest people you will meet. Not worrying about your future is surprisingly calming.
Edited by Matthew, 20 Aug 2015, 07:24 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Perthite
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Then act like it you colossal prick.
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Matthew
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skamy
20 Aug 2015, 05:42 PM
Sorry Perthite there will be no crash in Perth - better get on with your own life and dump the doomsters.[
This is the thing about these uber-bears. The only thing that will make them happy is if others are truly miserable, and even then they will not be happy because they will still be unable to afford to buy.

If property prices crashed tomorrow all they can do is say they were right (eventually). Who really gives a fuck?

Lets play a game - say Perthite or Terry or Veritas decided prices were going to crash in 2008 when this whole bearshit party started and kept renting. Median prices in December 2008 were $480k and today they are about $550k. If prices fell 20% today (absolute outside of the fall range) then they would fall back to $440k - a discount of $40k.

But in the 7 years they waited for the chance to be right they have pissed about $175,000 in rent against the wall.

Meanwhile their "stupid" mates who purchased in 2008 are paying about $570 a week to chip down the mortgage.

So what lesson will the person who purchased in 2008 have learnt? Not one of negative equity, they will have a balance less than the worst crash. And not cost against renting, because they would be paying more to rent a comparable dwelling.

The lesson learnt is that wasting time waiting for something that might happen is costly - in net terms the bear is $135k and 7 years behind.

Winning.

Think I am wrong, come back in 5 years and ask Jimbo how much of the $400k he made in selling his meth lab he has left. If he is honest, the answer will be about $200k. The rest has gone in rent

I truly could not give a fuck if prices fell 40% overnight. I am not selling, and I am not buying. But I can see why they wont. Something that Jimbo cant (vested interest - needs to buy back cheaper to be "right")
Edited by Matthew, 20 Aug 2015, 07:40 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Veritas
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Matthew
20 Aug 2015, 07:36 PM
This is the thing about these uber-bears. The only thing that will make them happy is if others are truly miserable, and even then they will not be happy because they will still be unable to afford to buy.

If property prices crashed tomorrow all they can do is say they were right (eventually). Who really gives a fuck?

Lets play a game - say Perthite or Terry or Veritas decided prices were going to crash in 2008 when this whole bearshit party started and kept renting. Median prices in December 2008 were $480k and today they are about $550k. If prices fell 20% today (absolute outside of the fall range) then they would fall back to $440k - a discount of $40k.

But in the 7 years they waited for the chance to be right they have pissed about $175,000 in rent against the wall.

Meanwhile their "stupid" mates who purchased in 2008 are paying about $570 a week to chip down the mortgage.

So what lesson will the person who purchased in 2008 have learnt? Not one of negative equity, they will have a balance less than the worst crash. And not cost against renting, because they would be paying more to rent a comparable dwelling.

The lesson learnt is that wasting time waiting for something that might happen is costly - in net terms the bear is %135k and 7 years behind.

Winning.

Think I am wrong, come back in 5 years and ask Jimbo how much of the $400k he made in selling his meth lab he has left. If he is honest, the answer will be about $200k. The rest has gone in rent
Yeah, but so what?
Nobody can tell the future.
Thousands of people in the US, Ireland and Spain refused to listen to the “doomster bear nonsense” and got badly burned.
All that matters is whether right now is the correct time to buy a house in Perth.
And, frankly, why would you? Falling house prices are already making renting a no-brainer and if you can tell me what exactly is going to arrest the decline in house prices over the next few years I’m all ears.
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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Chris
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Matthew
20 Aug 2015, 07:22 PM
Angry? Chris I am not one of the poor pricks on here renting a house in the hope that they will pick up a cheap one when the "crash" comes. How many years have you been waiting? How much rent have you paid?

Just because you are bitter about your poor decisions don't think I am angry. I am one of the happiest people you will meet. Not worrying about your future is surprisingly calming.
Oh, sorry Matthew. I realise I should admire you rather than oppose you, it's me mate I find it hard to accept anyone who hasn't made the same choices I have.

I only post here because I am bitter that I have wasted all my money on completely worthless material items. I squandered my life and now make it my goal in life to try and tear down successful people, like you, on property forums to make myself feel better.

I wouldn't normally confess this but you are so good at assessing and defining someone's life just based on remedial forum interaction that I couldn't help but acknowledge the legitimacy of your comments about me and personal situation.

Now we agree I was wrong about everything I have ever said what do you want to talk about? What can I learn from you Matthew?...............
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Matthew
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Veritas
20 Aug 2015, 07:42 PM
if you can tell me what exactly is going to arrest the decline in house prices over the next few years I’m all ears.
Lack of building starts fuelled by current low land sales.

It is a no brainer. And if you don't believe it, take a look at the stats from 2011 and 2012 for building, and compare it to what happened to rents and house prices in 2012 and 2013 respectively.

Now is not the best time to buy, as I said I think that market will give 5% to 10%. However the dip will be short. Not going to build enough houses to make it crash.
Chris
20 Aug 2015, 07:42 PM
Oh, sorry Matthew. I realise I should admire you rather than oppose you, it's me mate I find it hard to accept anyone who hasn't made the same choices I have.

I only post here because I am bitter that I have wasted all my money on completely worthless material items. I squandered my life and now make it my goal in life to try and tear down successful people, like you, on property forums to make myself feel better.

I wouldn't normally confess this but you are so good at assessing and defining someone's life just based on remedial forum interaction that I couldn't help but acknowledge the legitimacy of your comments about me and personal situation.

Now we agree I was wrong about everything I have ever said what do you want to talk about? What can I learn from you Matthew?...............
How about you just grow up and try to make an actual fucking point on the topic being discussed instead of the incessant bullshit you post?
Edited by Matthew, 20 Aug 2015, 07:49 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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