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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,395 Views)
Trollie
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Veritas
21 Dec 2015, 12:46 PM


Actually Strindeberg I totally ignored your chart.

Just another example of you arguing semantics.

What I said was that Perth prices are trending down.

Which they are.
Using your line of reasoning, that unless the last data point presented to you is at an all time high, you always assume the trend is down. It means you are never able to see the up swing which is your signal to buy.

Congratulations Veritas, you are a case study in how you and the other bears consistently screw up.
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Veritas
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Trollie
21 Dec 2015, 12:56 PM
Using your line of reasoning, that unless the last data point presented to you is at an all time high, you always assume the trend is down. It means you are never able to see the up swing which is your signal to buy.

Congratulations Veritas, you are a case study in how you and the other bears consistently screw up.
Actually Timmy, I’m quite happy with my understanding of it all.

Perth house prices are lower now than they were a year ago and they will be lower one year from now than they are today.

That looks like a trend to me.

Still out of work?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Trollie
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Veritas
21 Dec 2015, 01:03 PM
I’m quite happy with my understanding of it all.
Ignorance is usually happy.
Veritas
21 Dec 2015, 01:03 PM
Still out of work?
I've never been out of work, not that it matters with passive income.
Edited by Trollie, 21 Dec 2015, 01:09 PM.
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Veritas
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Trollie
21 Dec 2015, 01:08 PM
Ignorance is usually happy.

I've never been out of work, not that it matters with passive income.
Passive income from your property empire?

Tell us more.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Trollie
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Veritas
21 Dec 2015, 01:28 PM
Passive income from your property empire?

Tell us more.
No point, you will never buy a house Veritas.
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Foxy
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Zero is coming...

Hi Guys,
I have been talking to Foxbat.
He says hedging your position is the way to go.

Wife won't fuck, well get some flowers delivered to your mistress.

The old fox.

Win win.

Peter

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Veritas
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Trollie
21 Dec 2015, 03:40 PM
No point, you will never buy a house Veritas.

Your passive income would be under threat if people start buying houses Timmy.

You need that rent rolling in to pay down the debt mountain.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Trollie
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Veritas
21 Dec 2015, 05:01 PM

Your passive income would be under threat if people start buying houses Timmy.
Capital growth. I can always cash out and roll the money into something else. Especially if people go into a buying fenzy.

It's called giving yourself options. Not backing yourself into a corner betting on a never before seen property crash.
Veritas
21 Dec 2015, 05:01 PM
You need that rent rolling in to pay down the debt mountain.
It's more like a mole hill. That's what happens when someone pays off your properties for you over the space of 8+ years (yes, it's been that long since you took the 40% crash bait)
Edited by Trollie, 21 Dec 2015, 06:04 PM.
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Chris
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Trollie
21 Dec 2015, 06:01 PM
Not backing yourself into a corner betting on a never before seen property crash.
Not buying a house isn't a bet you knob. You are so blatantly naive to the world around you it is clear you are merely a brainwashed cult child, you believe to the bone that social inequity is just a fact of modern life and that there are no consequences for unbridled greed just upsides. Of course only if people areas smart and astute as yourself.

So borrowing easy cheap money to buy an asset you can't afford without tax payer subsidies is smart and sustainable for all those who are as 'smart' as you Timmy???

Let's face it, that is literally all you've done, you borrowed money.............wow
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Trollie
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Chris
21 Dec 2015, 06:09 PM
Not buying a house isn't a bet you knob. You are so blatantly naive to the world around you it is clear you are merely a brainwashed cult child, you believe to the bone that social inequity is just a fact of modern life and that there are no consequences for unbridled greed just upsides. Of course only if people areas smart and astute as yourself.

So borrowing easy cheap money to buy an asset you can't afford without tax payer subsidies is smart and sustainable for all those who are as 'smart' as you Timmy???

Let's face it, that is literally all you've done, you borrowed money.............wow
If it's so easy what stopped you, were you too thick?
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