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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,384 Views)
Jimbo
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Terry
21 Jan 2016, 08:32 PM
Yes, you'd have to be an arrogant old (or young) fool to deny that the collapse has already started. Nevertheless, denials will be screamed from the rooftops in most postcodes.
The collapse started on the day someone decided that instead of taking six eggs in exchange for a loaf of bread, they would take a bit of paper with "IOU six eggs" scribbled on it.

The rest is history (or for those who haven't quite got to grips with it yet, it will be history very soon).


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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skamy
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Jimbo
21 Jan 2016, 09:01 PM
The collapse started on the day someone decided that instead of taking six eggs in exchange for a loaf of bread, they would take a bit of paper with "IOU six eggs" scribbled on it.

The rest is history (or for those who haven't quite got to grips with it yet, it will be history very soon).

Jimbo you are losing the plot -you gotta get off those doomster cult sites that churn out this trash.
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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Rainbow
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Terry
21 Jan 2016, 09:00 PM
A collapse has started? Why are you asking me? I don't know and neither does a puppeteer. Bookmark that.
I bookmarked your prediction.
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Terry
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Rainbow
21 Jan 2016, 09:06 PM
I bookmarked your prediction.
Doesn't need bookmarking. I don't predict crashes or booms. I'm not a fraud or a conman.
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Rainbow
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Terry
21 Jan 2016, 08:32 PM
you'd have to be an arrogant old (or young) fool to deny that the collapse has already started
It's your prediction, and it's bookmarked. :D
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Jimbo
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skamy
21 Jan 2016, 09:04 PM
Jimbo you are losing the plot -you gotta get off those doomster cult sites that churn out this trash.
Losing the plot is trying to make an omelette by beating a bit of paper with "IOU Six Eggs" written on it.

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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Terry
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Rainbow
21 Jan 2016, 09:53 PM
It's your prediction, and it's bookmarked. :D
Sure. Audience participation in the puppet show.
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Rainbow
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Terry
21 Jan 2016, 10:05 PM
Sure. Audience participation in the puppet show.
Sure. You're a puppet, and your puppetmaster's prediction has been bookmarked. :D
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hidflect
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Chris
21 Jan 2016, 05:47 PM
Fuck you come across as a very dim individual.

These 'incomes' you refer to have till now been uninterrupted, they are based on a boom we are still living as really absolutely nothing has changed yet.

The sense of fear or caution is swelling from what may occur in the very near future. How do you think these wages and this constant reliance on highly leveraged individuals will go if a massive collapse occurs.

You are so busy focussed on what was you are oblivious to any danger, in fact you see none at all. As Foxbat said you are just in that pot enjoying the warmth, for now anyway.
I have a pretty skilled friend who can somehow run the stats on Seek and he mailed me to say that salaries offered have dropped an average of $15,000 recently. Given that most mortgages are based on a double income, that means $30,000 has gone "poof" for anyone moving into Perth which doesn't bode well for future bank loans.
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Jimbo
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hidflect
21 Jan 2016, 10:28 PM
I have a pretty skilled friend who can somehow run the stats on Seek and he mailed me to say that salaries offered have dropped an average of $15,000 recently. Given that most mortgages are based on a double income, that means $30,000 has gone "poof" for anyone moving into Perth which doesn't bode well for future bank loans.
Most Seek ads don't state a salary.

It is very easy to run a query on any data set. Not so easy to get it right.

Maybe he looked at all WA jobs and specified a wage range. But where no wage is stated, that job will appear as matching, under and over the wage specified in the search criteria.

But I do agree with the findings. Three years ago we imported a highly skilled Engineer from Malaysia, paid his visa charges, paid for his family to fly over and check Perth out, check out the schools. Put them in a rental when they first arrived, paid their shipping costs, sorted him with a car.

Last week we let him go because we had nothing left for him to do (plus he was a lazy <unt).

If we needed a replacement, we wouldn't even need to log onto Seek. Just pick from the 5 or so a day that have been dropping in their CV's over the last year.








Edited by Jimbo, 21 Jan 2016, 10:43 PM.
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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