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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,386 Views)
skamy
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foxbat
21 Jan 2016, 01:04 AM
That's interesting,
It was a thread on Perth dropping 40% in real terms.
So Sydney is up.
Hmmm, now let me think about that.

Yep, dumb and dumber has spoken... :D :D :D

Banks did some crazy stuff during the boom.

Peter

Been but not gone...
I think it will be here for a while yet...
I think your legion of young fans eg Veritas and Perthite will be very disappointed to hear that the Perth crash of 40% predicted by your doomster "guru", Foxbat, has already happened.

LOL you guys are funny.

You should give old Skamy credit where credit is due - I was the one who has said there would be no crash right from the start. You should not let hard cheese get stuck in your throat.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Terry
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skamy
21 Jan 2016, 11:07 AM
I think your legion of young fans eg Veritas and Perthite will be very disappointed to hear that the Perth crash of 40% predicted by your doomster "guru", Foxbat, has already happened.

LOL you guys are funny.

You should give old Skamy credit where credit is due - I was the one who has said there would be no crash right from the start. You should not let hard cheese get stuck in your throat.
Well that's the problem. It could very well be in full swing. Just because the puppeteer can't see it is kind of irrelevant.
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Foxy
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Zero is coming...

To sum up, residential property investors profit from the pain of people that can not afford to buy a house of their own. (for whatever reason)

I will say that is wrong.

It will always be wrong and you the investors will feel that pain one day.

Full stop.

Enjoy.

Peter
skamy
21 Jan 2016, 11:07 AM
I think your legion of young fans eg Veritas and Perthite will be very disappointed to hear that the Perth crash of 40% predicted by your doomster "guru", Foxbat, has already happened.

LOL you guys are funny.

You should give old Skamy credit where credit is due - I was the one who has said there would be no crash right from the start. You should not let hard cheese get stuck in your throat.
You are like a crab in a pot of water slowly being brought to the boil.

Enjoy.

Peter


I did some research on beef steak yesterday and the day before.

Ended up paying $85 per kilo.

9/10 result.

So in kilos of steak how much has your house gone up??

You see you are being treated as fools.

Skamy wake the fucj up...

Peter
Are the Perth forum members prepared to meet at a cafe to flesh out this discussion??

Blood rule is in force :D

Peter
Edited by Foxy, 21 Jan 2016, 11:20 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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skamy
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foxbat
21 Jan 2016, 11:13 AM
To sum up, residential property investors profit from the pain of people that can not afford to buy a house of their own. (for whatever reason)

I will say that is wrong.

It will always be wrong and you the investors will feel that pain one day.

Full stop.

Enjoy.

Peter

You are like a crab in a pot of water slowly being brought to the boil.

Enjoy.

Peter


I did some research on beef steak yesterday and the day before.

Ended up paying $85 per kilo.

9/10 result.

So in kilos of steak how much has your house gone up??

You see you are being treated as fools.

Skamy wake the fucj up...

Peter
Can you at least get the story straight.

Has the 40% crash you predicted already happened because you say that your prediction was fulfilled by the US dollar dropping?

These young Perth bears need to know as they think it is still going to happen.


People have been making good money from property investment for ever - why do you believe such utter bullshit?
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Foxy
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Zero is coming...

skamy
21 Jan 2016, 11:21 AM
Can you at least get the story straight.

Has the 40% crash you predicted already happened because you say that your prediction was fulfilled by the US dollar dropping?

These young Perth bears need to know as they think it is still going to happen.


People have been making good money from property investment for ever - why do you believe such utter bullshit?
Again Skamy i will state my position.

1) I have Perth property, commercial and residential.
2) I have farmland and country commercial.
3) I have sold some Perth residential and bought some country commercial.
4) I have stated that in "real" terms Perth residential property would drop 40%, (if valued against the worlds reserve currency that has already happened. infact exceeded that %).
5) I derive 4% of my income from residential rents.
6) There are in my opinion good buys to be had in regional areas of Western Australia.
7) Perth will adjust to the post mining boom normal. (it will take time) Why do you think our dollar has dropped so dramatically.
8) I switched from investing in domestic return on property to investing on overseas return on domestic property. (and i must say it is going good)

So Skamy i am watching the blind belief that property is a sure thing colliding with the reality that the world does not want what we have for sale.

I am betting that the world may win.

This is my opinion and i have put my opinion forward.

I enjoy your attacks on my opinion and look forward to more.

Trully good luck.

If you are right i win, if you are wrong i win.

Hedges all the way down.

Peter

Perth residential is just less flexible.




Not good news Skamy,


http://reiwa.com.au/the-wa-market/perth-metro/


Total listed rentals just popped through 10,000..

I mean it always goes up, right???

Skamy... Up??
http://www.realestate.com.au/property-house-wa-mount+lawley-120930157

I think one of the best located houses in Mount Lawley.

And cheap??

I would love to own and live in that house.

Peter

Edited by Foxy, 21 Jan 2016, 11:55 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Chris
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skamy
21 Jan 2016, 11:07 AM

You should give old Skamy credit where credit is due - I was the one who has said there would be no crash right from the start. You should not let hard cheese get stuck in your throat.
No one, a part from you and your ilk has claimed Perth has bottomed.

I think I've made it quite clear that Sydney is the lynch pin and will drag Perth into a deep dark hole if it crashes. Sydneybis the key, I'll make predictions on Perth when it starts to lead the rush down.
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Jason
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foxbat
21 Jan 2016, 11:45 AM
http://www.realestate.com.au/property-house-wa-mount+lawley-120930157

I think one of the best located houses in Mount Lawley.

And cheap??

At 1.95 billion, I don't reckon it's cheap

Unless dumbfuck RE agents in WA are innumerate ... or French

Edited by Jason, 21 Jan 2016, 01:06 PM.
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newjez
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skamy
21 Jan 2016, 11:07 AM
I think your legion of young fans eg Veritas and Perthite will be very disappointed to hear that the Perth crash of 40% predicted by your doomster "guru", Foxbat, has already happened.

LOL you guys are funny.

You should give old Skamy credit where credit is due - I was the one who has said there would be no crash right from the start. You should not let hard cheese get stuck in your throat.
It has for me and quite a few others. Probably the only reason Perth hasn't died. Weren't you one of the ones advising me to buy before this wonderful gain?

Stringberger, fetch.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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skamy
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Chris
21 Jan 2016, 12:28 PM
No one, a part from you and your ilk has claimed Perth has bottomed.

I think I've made it quite clear that Sydney is the lynch pin and will drag Perth into a deep dark hole if it crashes. Sydneybis the key, I'll make predictions on Perth when it starts to lead the rush down.
You are so ill informed young man - you need to check out where the real money is made in Australia. WA is still the powerhouse of Australian exports - you do not have a clue.

It does indeed look like Perth has bottomed and this is what Peter/Foxbat is acknowledging when he is claiming the crash that he predicted has already happened.

Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Foxy
Member Avatar
Zero is coming...

When I am travelling and so far from home, I love Canada,
So much like home,

Look at me dad, no hands....

http://www.zerohedge.com/news/2016-01-20/canadas-other-problem-record-high-household-debt
Jason
21 Jan 2016, 01:05 PM
At 1.95 billion, I don't reckon it's cheap

Unless dumbfuck RE agents in WA are innumerate ... or French
You are not from around these parts......
skamy
21 Jan 2016, 01:10 PM
You are so ill informed young man - you need to check out where the real money is made in Australia. WA is still the powerhouse of Australian exports - you do not have a clue.

It does indeed look like Perth has bottomed and this is what Peter/Foxbat is acknowledging when he is claiming the crash that he predicted has already happened.
Checked the price of iron ore and oil lately Skamy??

Tell you what post up the prices for would you please :D
skamy
21 Jan 2016, 01:10 PM
You are so ill informed young man - you need to check out where the real money is made in Australia. WA is still the powerhouse of Australian exports - you do not have a clue.

It does indeed look like Perth has bottomed and this is what Peter/Foxbat is acknowledging when he is claiming the crash that he predicted has already happened.
Checked the price of iron ore and oil lately Skamy??

Tell you what post up the prices for fob fe 62% and a barrel of oil oh and throw in some gas while you are at it.
would you please :D
Edited by Foxy, 21 Jan 2016, 01:41 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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