UK property is worth slightly more than its 2007 peak and the exchange rate is moving in your favour.
But (big but), if you had made the move in 2007 (as I did), you would have sold at the UK peak, bought in below the Perth peak and got a near peak exchange rate ($2.50).
You would have also walked into a strange environment where you interviewed your prospective employers to see which one you liked the best and would pay you the most.
I had three jobs in the first six months because I kept being poached for more money. I am not saying that I am that great. It's just that there were far more positions to be filled in engineering than there were applicants to fill them.
Two years ago, many of the EPC's had green as grass graduates running some of their biggest projects. At KOM's, we weren't sure whether to serve coffee and biscuits or warm milk and rusks.
By moving to WA in 2007, I got to take part in the biggest boom in the states history. I also missed out on the UK recession.
Your dream Aussie property may have dropped in price against the Pound, but I am afraid that you may have missed out on the free money party that has been the Perth of the last ten years.
Back to this, I'm not sure that I'd call a 40% rise in the Brighton market since 2007 trivial.
But we would have considered it. Sadly I was only 1 year into remission from NHL, so we weren't making plans to do anything. I had private health and insurance.
2008 I was made redundant, but by then nothing was selling.
You make the best call you can, and you put your family first. We're not dissimilar.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
I can see 3 capitals that did not exactly boom after his prediction
Price rose nationally and boomed in the two biggest cities. Brisbane is starting to take off as well.
BT didn't put any timeframe on it, based on what you've quoted. He said there would be a boom after rates fell, and there was a boom in at least two cities already, with more to come.
How so? Price rose nationally and boomed in the two biggest cities. Brisbane is starting to take off as well.
BT didn't put any timeframe on it, based on what you've quoted. He said there would be a boom after rates fell, and there was a boom in at least two cities already, with more to come.
BT was 103% correct.
I am glad you mentioned the lack of detail bt gave...
Remember i did ask him for more detail...
Based on the delail he actually gave... the exact words, , if gold had boomed, he could claim to be correct, if oil had boomed, the sharemarket, or even if only dubbo property boomed 50 years later with the rest of australian property flat, he could claim to be correct.
Based on the delail he actually gave... the exact words, , if gold had boomed, he could claim to be correct, if oil had boomed, the sharemarket, or even if only dubbo property boomed 50 years later with the rest of australian property flat, he could claim to be correct.
It means enough for you to start a whole thread about it. And I'm glad you did, for it has revealed BT to have almost godlike powers.
well you might worship him as a god,
in reality his prediciton was not exactly earth shattering, let alone full of details
Time frame - none
Asset class - none
Assuming he meant property - location of property - none
What a boom consists of - no detail
what is a 'leap' for Interest Rates - no detail
All this despite me asking him to give us details if he wanted to make a prophecy of any value...
I did, initially think he got the no crash thing right, but looking at it now (thanks to you reminding me he had no time frame on it)... if property (assuming that is the asset class he cited) ever crashes in the future without interest rates 'leaping' ... he was wrong
So, in summary.. not a convincing performance, kind of like prediciton that there will be a boom in somthing, somewhere, some time... but giving no detail... yawn
I think he said his IPs are all in Sydney. He has probably made a fortune from his prediction. Sounds like you're just angry you didn't follow his advice.
I think he said his IPs are all in Sydney. He has probably made a fortune from his prediction. Sounds like you're just angry you didn't follow his advice.
why the abuse ?
I am not angry at anyone... indeed i asked him to clarify and quantify his prediciton so we could measure it against the outcome down the track... he ignored my request so the prediciton is the one we have.
if IR does not leap, something will not crash, if IR drops, a boom of somthing will happen some time
really ? your impressed with this ?
You have spent more than 100 pages in another thread trying to say that NASA are wrong in their claim 200+ associations and orginzations agree with their climate change proposition... You insist there is no consensus on the proposition, you insist the evidence is lacking and have thrown what you consider as proof that the claim is wrong.
Yet here, where it comes to evidence, you show none of those basic requirements, you accept a 'prediction' that :
has no assset class has no time frame and has no qualification of what a crash and what a boom is.
So the impressiveness of the prediciton is very weak...
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