Welcome Guest [Log In] [Register]


Reply
Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,397 Views)
newjez
Member Avatar


Strindberg
14 Dec 2015, 11:41 AM
Oh, your prediction was for prices to crash not sales.

Perth house prices up over 1% so far in December.

Perth house prices today are higher than they were 3 months ago!

http://www.corelogic.com.au/research/daily-indices.html
Do you know why?
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
 
Matthew
Default APF Avatar


newjez
14 Dec 2015, 12:33 PM
Do you know why?
There is no logical reason at this point in time with the number of listings.
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
Strindberg
Member Avatar


newjez
14 Dec 2015, 12:33 PM
Do you know why?
Yes, it is the result of buyers and sellers agreeing to conclude transactions at higher prices than 3 months ago for similarly located and appointed properties. It's the system we have in this country where the buyers and sellers freely make agreements.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Strindberg
14 Dec 2015, 01:53 PM
Yes, it is the result of buyers and sellers agreeing to conclude transactions at higher prices than 3 months ago for similarly located and appointed properties. It's the system we have in this country where the buyers and sellers freely make agreements.
What it really is an index that has a composite of sale prices that are transformed by a function that you and the other suburbanites can't understand. The transformed data is then fitted to explanatory variables using a model. A valuation function is then used to derive price estimates. Then the price estimates are applied to the inverse of the sales price transformation function.

The index has very little value to you or the other suburbanites who don't care about hedonic regression or models.
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

Strindberg
14 Dec 2015, 11:41 AM
Oh, your prediction was for prices to crash not sales.

Perth house prices up over 1% so far in December.

Perth house prices today are higher than they were 3 months ago!

http://www.corelogic.com.au/research/daily-indices.html
Nominal,
I stated real.
I know most can not understand the importance of the distinction.
Peter
Terry
14 Dec 2015, 02:16 PM
What it really is an index that has a composite of sale prices that are transformed by a function that you and the other suburbanites can't understand. The transformed data is then fitted to explanatory variables using a model. A valuation function is then used to derive price estimates. Then the price estimates are applied to the inverse of the sales price transformation function.

The index has very little value to you or the other suburbanites who don't care about hedonic regression or models.
It is simple Sam stuff.
That the dumb dumbs just will never understand.
Peter
Edited by Foxy, 14 Dec 2015, 02:24 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
 
Rufus
Member Avatar


Terry
14 Dec 2015, 02:16 PM
What it really is an index that has a composite of sale prices that are transformed by a function that you and the other suburbanites can't understand. The transformed data is then fitted to explanatory variables using a model. A valuation function is then used to derive price estimates. Then the price estimates are applied to the inverse of the sales price transformation function.

The index has very little value to you or the other suburbanites who don't care about hedonic regression or models.
You are just trolling now.

That's quite good troll bait by the way, you should get a reaction, which is what you thrive on.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Strindberg
Member Avatar


Terry
14 Dec 2015, 02:16 PM

The index has very little value to you or the other suburbanites who don't care about hedonic regression or models.
The same Perth index for October had great value to the Perth doomers on here when it showed a fall of 2.8%. Not surprisingly, there has been a total absence of recognition by bears of the Perth index since the end of October. In fact, Veritas has gone as far as to deny the continued existence of the index when he repeatedly asserts that Perth house prices are falling. But I don't mind - it gives me the opportunity of clearly establishing and exposing their communal confirmation bias.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


foxbat
14 Dec 2015, 02:23 PM
Nominal,
I stated real.
I know most can not understand the importance of the distinction.
Peter

It is simple Sam stuff.
That the dumb dumbs just will never understand.
Peter
No it's not simple Sam at all. That's the whole point. The average suburbanite would be able to read the calculation of the index, but they sure as hell wouldn't understand it.
Rufus
14 Dec 2015, 02:27 PM
You are just trolling now.

That's quite good troll bait by the way, you should get a reaction, which is what you thrive on.
Best you read the above. My comment is anti-troll. It shows what they cannot understand.
Strindberg
14 Dec 2015, 02:44 PM
The same Perth index for October had great value to the Perth doomers on here when it showed a fall of 2.8%. Not surprisingly, there has been a total absence of recognition by bears of the Perth index since the end of October. In fact, Veritas has gone as far as to deny the continued existence of the index when he repeatedly asserts that Perth house prices are falling. But I don't mind - it gives me the opportunity of clearly establishing and exposing their communal confirmation bias.
Well it shows that you have more in common with your anti-peer group that you like think you have.
Edited by Terry, 14 Dec 2015, 03:26 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Rainbow
Member Avatar


Terry
14 Dec 2015, 03:24 PM
No it's not simple Sam at all. That's the whole point. The average suburbanite would be able to read the calculation of the index, but they sure as hell wouldn't understand it.

Best you read the above. My comment is anti-troll. It shows what they cannot understand.

Well it shows that you have more in common with your anti-peer group that you like think you have.
Stop trolling Tezza, you're no good at it!
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

In a nut shell credit squeeze is coming.
Peter
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
Free Forums. Reliable service with over 8 years of experience.
Learn More · Register for Free
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



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