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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,380 Views)
Rastus2
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Rufus
22 Jan 2016, 09:25 PM
That has absolutely noting to do with ordinary people buying houses to live in, that is just your piss weak attempt to divert attention away from your horribly bad prediction that has gone horribly wrong for you.

Now enough of this bullshit about Australian home prices measure in $USD or trying to divert attention by referring to land tax which few people pay, just accept the fact that your prediction was a piece of crap that probably hurt anyone who took notice of it.

Foxbat is a hairbrained lunatic with zero insight into anything.

I did not,see you protesing when idiots on the forum were deciding that Australians who bought gold in Australia had somehow lost mojey because the AUD:USD had changed.

A bit of hypocrisy there mate.



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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herbie
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Rastus2
22 Jan 2016, 10:14 PM

A bit of hypocrisy there mate.
Wally.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rastus2
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herbie
22 Jan 2016, 10:24 PM
Wally.

Thank-you for your pointless name calling.

Btw peter, land tax is paid by a very large number of WA property holders... were you not aware ?

https://au.news.yahoo.com/thewest/wa/a/29935093/investors-get-land-tax-shock/
Edited by Rastus2, 22 Jan 2016, 10:32 PM.
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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herbie
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Rastus2
22 Jan 2016, 10:28 PM

Thank-you for your pointless name calling.
It was called "Calling a spade a spade" back in my day:

https://en.wikipedia.org/wiki/Call_a_spade_a_spade
Edited by herbie, 22 Jan 2016, 10:35 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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skamy
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foxbat
22 Jan 2016, 10:56 AM
Land tax Skamy...

Past three years please.

Peter

I just want to know if your land tax has doubled in that time.
http://www.smh.com.au/business/aurizon-seeks-relief-from-customers-as-coal-freight-volumes-slide-20160120-gmaj8h.html

Sounds good...
Land tax is a tax deductable expense - are you really trying to tell us you cannot make ends meet for all those great Margaret river homes you bought because of land tax.

Everyone else just pays their tax and gets on with it, why are you weeping over it?

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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Rastus2
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herbie
22 Jan 2016, 10:34 PM
It was called "Calling a spade a spade" back in my day:

https://en.wikipedia.org/wiki/Call_a_spade_a_spade

So which part of my post exactly are you calling out ?

Peter not protesting at gold being measured in usd when it was bought and sold in aud

Or perhaos you consider gold, property and other assrts bought with aud shoukd be measured in usd as well ?

Ormlerhals you believe that land tax is onlympaid by a few jn WA ?

Come on explain yourself .
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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herbie
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Rastus2
22 Jan 2016, 10:53 PM
Come on explain yourself .
I need 5 Aussie homes (measured in AUD) to live on in retirement - One to reside in myself; And 4 to rent out. In AUD - Irrespective of what happens with the USD - Sort of - Most likely - But just on the off chance I'm just a tad wrong about that I keep AUD 400k up my sleeve - Which should most likely also cover off on any silly bugger games any Oz State gov might feel ta play for a while (until they get their arse overtaken by reality) - So there; All explained ... IMO - Wally.

Anyway, enough of your shit - It's time this workin' class bogan boomer effed off ta bed ... :)
Edited by herbie, 22 Jan 2016, 11:06 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rastus2
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herbie
22 Jan 2016, 11:02 PM
I need 5 Aussie homes (measured in AUD) to live on in retirement - One to reside in myself; And 4 to rent out. In AUD - Irrespective of what happens with the USD - Sort of - Most likely - But just on the off chance I'm just a tad wrong about that I keep AUD 400k up my sleeve - Which should most likely also cover off on any silly bugger games any Oz State gov might feel ta play for a while (until they get their arse overtaken by reality) - So there; All explained ... IMO - Wally.

Anyway, enough of your shit - It's time this workin' class bogan boomer effed off ta bed ... :)

Right, so you have zero explanation of how calling me a wally was calling a spade a spae...just a rambling story that reininforces my point that AUD profits matter when buying and selling in AUD.
Go run off to bed bogan.
Edited by Rastus2, 22 Jan 2016, 11:21 PM.
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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Rufus
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Rastus2
22 Jan 2016, 10:14 PM

I did not,see you protesing when idiots on the forum were deciding that Australians who bought gold in Australia had somehow lost mojey because the AUD:USD had changed.

A bit of hypocrisy there mate.


I put up with the bullshit calls of a 40% crash, but when people start to add on several more layers of bullshit by measuring falls in $USD, and then they take it to a new high by inferring land tax is somehow a magical issue for PPOR buyers, then that's a layer of bullshit that I can't take.

If you want to swallow it then good for you. Foxbat should be writing a mea culpa post instead of pretending that he is still right on the money. Why are you defending deliberate bullshit?
Take risks - if you win you will become wealthy, if you lose you will become wise
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Foxy
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Zero is coming...

Matthew
22 Jan 2016, 01:35 PM
I for one would not, because it is false.

The last peak of Perth property was November 2014 at which point the median house price was $585,000. Adjusted for actual inflation over the past 14 months that is now $593,869 "in real terms".

The current market median is about $550,000.

1 Australian dollar continues to buy 1 Australian Dollar.

So in "real terms" Perth Property prices are currently down 7.4% from their peak and 5.9% in Nominal Terms A$ currency adjusted.

If you insist on continuing your long running role as the village idiot and crapping on about prices in US$ for Australian Property that does not transact in US$, the US$ in November 2014 (the peak) the inflation adjusted price of a Perth median house was US$510,667 (with the exchange rate of the day $.08599A$ = 1US$). Today that is $379,775 or a fall of 26%.

For you to be correct the current Perth median would need to be $356k in A$ terms, or $306,400 in US$ terms. No matter what you pick you are wrong. Get it or did the year 4 level math confuse you?

Perth house prices are not down 40% from their peak in real or nominal terms, in A$ or US$ terms. You are simply wrong.

Time for you to fuck off isn't it Drunkbat?
Ok,
I like the effort.
Well done, can we review this in say 12 months??

I the meantime could you give me the real price fall for Karratha and Port Hedland.

Thanks

Peter

Also please add in all additions improvements and additions that create the base cost of the Perth homes to get that average price.

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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