If AIG and GS had gone under, it's quite possible that you'd be bathing in the day after and things would have been tough for most, but possibly revelatory. You're talking about how sectors of the economy being completely reformed. It was never going to happen.
I think what you say about negative interest rates is potentially where we're heading, but it may not be so obvious. The problem is that the average retiree will be effectively tapped out under this scenario. Owning a house and even a couple of rentals is not necessarily a comfort zone. I think that it's quite possible that the reverse mortgage phenomenon will get some traction, which will be good for the old farts to some extent. P2P lending represents an opportunity and will possibly be more socially acceptable when the old farts realize that they can contribute to the younger generations while making lucre at the same time. The banks will grin and bear it to some extent. What I hope to see is the emergence of a P2P credit system as this appears to be the last bastion when it comes to consumer finance. Furthermore, the dark internet should become more prevalent. Whether its car sharing accommodation, drugs, knowledge transfer, the middle man should be marginalized to some extent.
You make plenty of assumptions here Terry. What model are you using or did you just pluck them from your arse?
I see. I'll take that irrelevant ad hominem as confirmation that, just like your fellow doomer loki, you are unable to find any valid point being made by perthite in his OP.
Bears do have an amusing habit of inadvertently indicating golden "buy" opportunities, even if only short term, when they go into a mutual celebratory circle jerk over some apparent doomer event. This one (here) caught createdby, John Frum, Terry, newjez, Chris, loki, foxbat, luudapull, ex BP golly, jimbo and the whole lie all in mutual frenzied glee and missing the short term opportunity to make dosh (+17% in 24 hours wasn't it?).
The figures were "Debt $30bn, market value $16".
No adhominen intended.
As per "bears amusing habit", I'd say many bears here have actually picked local and international markets, predicted what would happen with China, and it's flow on to our markets, and predicted iron ore prices plummeting.
Anyone can go back and see this clearly on this site.
That property bulls have screamed and ranted every prediction that has come to pass, and only been correct on property shows exactly the ponzi Australian houses are.
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
As per "bears amusing habit", I'd say many bears here have actually picked local and international markets, predicted what would happen with China, and it's flow on to our markets, and predicted iron ore prices plummeting.
Anyone can go back and see this clearly on this site.
That property bulls have screamed and ranted every prediction that has come to pass, and only been correct on property shows exactly the ponzi Australian houses are.
I have been buying and will continue to buy. I see the markets as good value, and I'll continue to top up and then hold.
I'm a buy and hold investor, who dumps into cash when he sees major trouble approaching.
I'm not a trader. Too old for that, but good luck with it stringberg.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Why leave out the word "billion"? The figures, in the op article, were as follows:
Quote:
debt approaching $US30 billion and a market value of just $US16 billion
There is nothing in those figures which indicate insolvency or any problem. The CBA for example has liabilities of over $800b and a market value of about $120b.
Ex BP Golly
30 Sep 2015, 10:42 AM
That property bulls have screamed and ranted every prediction that has come to pass, and only been correct on property shows exactly the ponzi Australian houses are.
Too funny. Property bulls only correct on property? And that is the best argument you have? ha-ha.
Why leave out the word "billion"? The figures, in the op article, were as follows:
There is nothing in those figures which indicate insolvency or any problem. The CBA for example has liabilities of over $800b and a market value of about $120b.
Too funny. Property bulls only correct on property? And that is the best argument you have? ha-ha.
I'm not arguing. I just love watching irrational exuberance. It is fascinating.
createdby
30 Sep 2015, 12:17 PM
I think it's harder to predict market dips than market peaks.
But I don't think this is the dip yet.
The zergling sheeple rush to 5000 this morning was cute.
Strindberg
30 Sep 2015, 11:14 AM
Why leave out the word "billion"?
Why ask when you clearly recognised it as the typo it was.
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