13k+ posts on here and empty platitudes are the best rejoinder you've got?
skamy
12 Sep 2015, 07:50 PM
You bears are the stupid ones - there is indeed very little wrong with the Aussie economy yet you guys still believe the whole financial system will collapse. Talk about crazy stupid -- have you really no idea of how wealthy Australians are?
Wow, big call skamy - laughing off Citi, Goldman, and all the others who are raising their risk profiles for our country.
Still on reflection I'm not surprised - if you were clever enough to snap up a few bargains in outer bumfuck to fund a lavish retirement ranting away on such a glamorous chat forum as APF then you can't be that stupid.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
It's all I need John, how is your crash by October 2015 going? You are horribly wrong yet again, aren't you.
Lets face it you have outsmarted yourself, screwed yourself really. Time for a little self truth mate.
Oh, so you mean the current volatility in the stock market, crumbling AUD and falling Sydney clearance rates are not worthy of being labelled an event, such as the one I predicted would start the downturn on this board well over a year ago? Well you're entitled to an opinion I guess.
You seem a little riled Peter - perhaps a cup of tea and a lie down's in order?
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Oh, so you mean the current volatility in the stock market, crumbling AUD and falling Sydney clearance rates are not worthy of being labelled an event, such as the one I predicted would start the downturn on this board well over a year ago? Well you're entitled to an opinion I guess.
You seem a little riled Peter - perhaps a cup of tea and a lie down's in order?
Wasn't your prediction for a massive property crash in Sydney in Oct? Not just an apparent and long overdue "peaking" and mild slowdown after a massive boom?
For Aussie property bears, "denial", is not just a long river in North Africa.....
Oh, so you mean the current volatility in the stock market, crumbling AUD and falling Sydney clearance rates are not worthy of being labelled an event, such as the one I predicted would start the downturn on this board well over a year ago? Well you're entitled to an opinion I guess.
You seem a little riled Peter - perhaps a cup of tea and a lie down's in order?
You have failed to read me or the economy John, but I suggest that you concentrate on the latter.
Now what happens to real estate prices for OS buyers when our dollar falls John? Have a guess.
The next question is - if the price growth of houses in Sydney fall from 16% pa to 8% pa that is a 50% slowing of growth, but please explain to me how you profit by that John? I'm all ears.
Any expressed market opinion is my own and is not to be taken as financial advice
You have failed to read me or the economy John, but I suggest that you concentrate on the latter.
Now what happens to real estate prices for OS buyers when our dollar falls John? Have a guess.
The next question is - if the price growth of houses in Sydney fall from 16% pa to 8% pa that is a 50% slowing of growth, but please explain to me how you profit by that John? I'm all ears.
How about you start with number 4. Annualised economic growth whilst wages are being reduced, mmmm sounds like an amazing magic trick. How do you get paid less but spend more, fill me in on that one Shads?
Then you can work on the theory that reno's will save the day. Maybe reno's are so prevalent as they are a key component to FI's buying established property, just a theory I don't know though. But the assertion that people will spend 100's of thousands on reno's because the next their properties have gone up in value is laughable.
If my property goes up in value so does the ones in the price bracket above and below, unless I have a home inside a bubble?!
It's even low for you to grab onto something like this and run with it
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