Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 69
Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,343 Views)
Foxy
Member Avatar
Zero is coming...

Safe as houses??

Well now thats a yarn...

http://www.watoday.com.au/wa-news/karratha-property-prices-plunge-32-per-cent-in-was-pilbara-mining-hub-20150806-git3w7.html

http://www.afr.com/real-estate/distressed-sales-in-port-hedland-drive-house-prices-down-20150629-gi0fzy

http://www.perthnow.com.au/realestate/news/perth-wa/prestige-perth-house-prices-plunge-by-up-to-30-per-cent/news-story/da43bc1cd034231cfd72605f8d055b2d

But timing is all the go.

Talked to a former number 1 salesman for a prestige suburb of Perth today, he sold 5 properties 3 years ago.

One of his biggest clients has a total land tax bill this year of $980,000.00 yeh baby...

So as the Perth market adjusts it will have a position value of 0 for some people.

plus or minus.

Now for the prediction, and we may have about 2 years to get to the point.

2009 economic activity will be reached again.

So the economies of the world will drop back to those levels.

Not withstanding a major out of left field event.

Like WW3.

I will update this thread over the next 2 years, god willing.

Just look at iron ore at $40 per ton and ask yourself, how do they make any profit at those prices??

Industry after industry could verywell get to this point.

0 profitability.

Peter

Zero Point.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Assumptions
Default APF Avatar


I'm still expecting at least an 80% drop in prices.

The 1st article mentions a 32% drop........only 8% to go and we're at the Half way mark!

Where are all the Bulls now?
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


Assumptions
25 Nov 2015, 06:25 PM
I'm still expecting at least an 80% drop in prices.

The 1st article mentions a 32% drop........only 8% to go and we're at the Half way mark!

Where are all the Bulls now?
At least 80%? I think there is a 100% chance you are fucking deluded.
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Matthew
25 Nov 2015, 06:43 PM
At least 80%? I think there is a 100% chance you are fucking deluded.
We all have our embarrassing uncles. ;)
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
Assumptions
Default APF Avatar


Quote:
 
I think there is a 100% chance you are fucking deluded.
I'm nearly 50% correct so far, so extrapolating that further....... Just like you guys do of course when it comes to so called future price rises except i can point to the macro economic data to support my argument and of course its already going my way.

Quote:
 
I think


Therefore I'm right?
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


Assumptions
25 Nov 2015, 07:19 PM
I'm nearly 50% correct so far, so extrapolating that further....... Just like you guys do of course when it comes to so called future price rises except i can point to the macro economic data to support my argument and of course its already going my way.




Therefore I'm right?
Perth prices are down about 6%. In Brisbane, Sydney and Melbourne they are rising.

Exactly how do you figure you are 50% correct so far?
newjez
25 Nov 2015, 07:18 PM
We all have our embarrassing uncles. ;)
So long as Rolf Harris here doesn't go all Bill Cosby it should be fine then I guess....
Edited by Matthew, 25 Nov 2015, 08:24 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
stinkbug
Member Avatar


Assumptions
25 Nov 2015, 06:25 PM

Where are all the Bulls now?
Laughing too hard to type at the prediction of 80% drops in value.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

Profile "REPLY WITH QUOTE" Go to top
 
John F. Kennedy
Default APF Avatar


stinkbug
25 Nov 2015, 08:29 PM
Laughing too hard to type at the prediction of 80% drops in value.
There will be some place in a Karri forest with a name like "gnanjerup" where prices will fall 80%. Or more. So this man will be right! No laughing matter.
Profile "REPLY WITH QUOTE" Go to top
 
stinkbug
Member Avatar


John F. Kennedy
25 Nov 2015, 08:46 PM
There will be some place in a Karri forest with a name like "gnanjerup" where prices will fall 80%. Or more. So this man will be right! No laughing matter.
There will always be outliers, but a median drop of 80%...?
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

Assumptions
25 Nov 2015, 06:25 PM
I'm still expecting at least an 80% drop in prices.

The 1st article mentions a 32% drop........only 8% to go and we're at the Half way mark!

Where are all the Bulls now?
Here is a film of the Perth bulls reeducation program.

https://www.youtube.com/watch?v=YlH1oat9g_E


One by one the knife awaits.

Peter
Assumptions
25 Nov 2015, 07:19 PM
I'm nearly 50% correct so far, so extrapolating that further....... Just like you guys do of course when it comes to so called future price rises except i can point to the macro economic data to support my argument and of course its already going my way.




Therefore I'm right?
Steady, these things take time.

Northam seems to be feeling the pinch now, prices have dropped 30% acording to an old friend that has bought and now sold in that market.

Gangrene starts in the extremities.

Peter


https://www.youtube.com/watch?v=g8B0_ivM3x8
Assumptions
25 Nov 2015, 06:25 PM
I'm still expecting at least an 80% drop in prices.

The 1st article mentions a 32% drop........only 8% to go and we're at the Half way mark!

Where are all the Bulls now?
80 % is out there, but it could happen.

Iron ore is $40 per ton, it was $140 per ton.
So $28 per ton,?? maybe. In real terms, for sure. Iron ore in real terms could approach an effective $0.

Peter


Expect major bankruptcies
The biggest miners are betting that higher production will enable them to cut costs and raise market share while less efficient producers get squeezed. BHP's Alan Chirgwin, vice president of marketing for iron ore, has forecast that prices will gradually deteriorate over the next few years before finding a level well below $US50.


Read more: http://www.smh.com.au/business/markets/iron-ore-bear-andy-xie-tips-price-to-fall-below-us40-this-year-20151123-gl5e0i.html#ixzz3sUpsQ2jt
Follow us: @smh on Twitter | sydneymorningherald on Facebook
http://www.smh.com.au/business/the-economy/tax-rich-old-men-restrict-wealthy-pumping-pretax-income-into-super-report-20151123-gl5trp.html

How long before it is against the law to be "rich".

Tick tock,,,
https://www.youtube.com/watch?v=23d1eRlwbHA
Edited by Foxy, 25 Nov 2015, 09:51 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create a free forum in seconds.
Learn More · Register Now
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 69



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.

For more information go to Limitations on Exclusive Rights: Fair Use

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