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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,394 Views)
Veritas
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Trollie
21 Dec 2015, 06:13 PM
If it's so easy what stopped you, were you too thick?
Hey Timmy,

Can you just post as Timmy as usual.

I miss the real Timmy.
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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Chris
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Trollie
21 Dec 2015, 06:13 PM
If it's so easy what stopped you, were you too thick?
Yes Timmy, that's the answer I knew you'd get it right, after all you are practically a genius!!

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Foxy
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Zero is coming...

The internet is reducing the cost and inefficentcy of trade.

It will cause Deflation, governments on the other hand will always inflate.

Large swathes of the economy will just wither and die.

Owners and workers in those nurseries that are negatively affected will drop in value.

Alvin tofflers third wave.

Or the Swanson paradox, the closer to zero probability of something happening the more likely it will happen.

Ie. Life starting in a near zero vacuum on a rock spinning around another burning rock in an infinite universe.

Is it a solid investment???
Now let me think bout that.

You are buying a house on a chunk of rock that is floating on a ball of molten lava, that is suspended in a vacuum orbiting a nuclear furnace??? Hmmm..

I mean what could go wrong???

Merry Christmas to all.

Foxbat, watching the waves, Margaret River beach zone.

F


http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Trollie
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Veritas
21 Dec 2015, 07:14 PM
Hey Timmy,

Can you just post as Timmy as usual.

I miss the real Timmy.
I miss Timmy to. I hope one day when I grow bored and leave, you will all end up with the same level of trauma over me.

Posted Image
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Rastus2
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Trollie
21 Dec 2015, 10:08 PM
I miss Timmy to. I hope one day when I grow bored and leave, you will all end up with the same level of trauma over me.

Posted Image

wow, you really need to take your medication Timmy.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Jimbo
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foxbat
21 Dec 2015, 08:12 PM
Foxbat, watching the waves, Margaret River beach zone.
One thing every surfer knows, is that the waves don't keep getting bigger forever.

They get bigger as the set builds and if you time it right, if you can count, you will make sure that you are in the right place to catch the biggest wave.

Taj and co make it look easy. Effortless. Anybody can do it?

But if you don't understand the basics, you will miss the big wave and sit there out the back watching those who do understand, have the ride of their lives.

Bobbing around, in a falling swell, at the mercy of the sharks, as the sun goes down, waiting to have your bones picked.

Peaks are hard to spot if you don't know what you are looking for. If you go in the water thinking it is easy because someone told you it was easy.

Get dumped a few times and you will soon learn.

But if you are going to learn, don't set off blind in the biggest swell WA has ever seen. So many did, so many will be left behind, to be eaten by the sharks.

Tried to warn you all.

You wouldn't listen, you knew how to surf the big waves because you went to a seminar and read a blog.

I'm in the beach bar watching.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Matthew
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Jimbo
22 Dec 2015, 07:09 AM
Tried to warn you all.

You wouldn't listen, you knew how to surf the big waves because you went to a seminar and read a blog.

I'm in the beach bar watching.
Thanks for the "warning" Dimbo.

But I think time will tell that those who ignore your advice will fare better than those who follow you into the bearshit crazy circle jerk.

What are we at now? 70 weeks you have been renting waiting for this crash of yours and vindication? 70 weeks of rent pissed against the wind ruining your shoes and nothing else.

Cheers Dim. Cheers.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Foxy
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Zero is coming...

Jimbo
22 Dec 2015, 07:09 AM
One thing every surfer knows, is that the waves don't keep getting bigger forever.

They get bigger as the set builds and if you time it right, if you can count, you will make sure that you are in the right place to catch the biggest wave.

Taj and co make it look easy. Effortless. Anybody can do it?

But if you don't understand the basics, you will miss the big wave and sit there out the back watching those who do understand, have the ride of their lives.

Bobbing around, in a falling swell, at the mercy of the sharks, as the sun goes down, waiting to have your bones picked.

Peaks are hard to spot if you don't know what you are looking for. If you go in the water thinking it is easy because someone told you it was easy.

Get dumped a few times and you will soon learn.

But if you are going to learn, don't set off blind in the biggest swell WA has ever seen. So many did, so many will be left behind, to be eaten by the sharks.

Tried to warn you all.

You wouldn't listen, you knew how to surf the big waves because you went to a seminar and read a blog.

I'm in the beach bar watching.
I am on the top deck of the house in a zero gravity chair.

Peter
Matthew
22 Dec 2015, 10:24 AM
Thanks for the "warning" Dimbo.

But I think time will tell that those who ignore your advice will fare better than those who follow you into the bearshit crazy circle jerk.

What are we at now? 70 weeks you have been renting waiting for this crash of yours and vindication? 70 weeks of rent pissed against the wind ruining your shoes and nothing else.

Cheers Dim. Cheers.
Hi Mathews, can you just not be stupid for one day.

I am looking at one property they have dropped $50,0000, another that has been repriced down $600,000 and yet another down$1,100,000.

Oh and another being marketed $800,000 under replacement value.

Peter
Edited by Foxy, 22 Dec 2015, 12:14 PM.
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Foxy
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Zero is coming...

Oh really,

I mean who would have thought...


http://www.zerohedge.com/news/2015-12-24/manhattan-luxury-home-prices-drop-8th-straight-month-amid-glut-overpriced-apartments
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Foxy
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Zero is coming...

foxbat
25 Dec 2015, 03:44 PM
Population of New York....



https://www.google.com.au/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=population%20of%20new%20york
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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