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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,379 Views)
Rufus
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foxbat
22 Jan 2016, 11:57 PM
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.
What part of Perth are Karratha and port Hedland in?

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??

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

Thanks

Peter

Also please add in all additions improvements that create the base cost of the Perth homes to get that average price. (what I am alluding to hear my dear friend is that houses after they are bought are improved, this cost along with all other costs must be deducted from the sale price to come up with the true"growth" in house prices)


I have been buying apartments that were sold for $280,000 in 1998 at an average price of $230,000 and getting a gross return of $55,000 per year on each unit. $25,000 net.

I have had to spend about $20,000 upgrading each unit.

So can a maths wiz let me know the real cost in 1998 dollars and the percentage drop in "real" value.

You see the game is played over a longer time scale than a few months.

Good luck.

Peter


http://www.watoday.com.au/wa-news/karratha-property-prices-plunge-32-per-cent-in-was-pilbara-mining-hub-20150806-git3w7.html
http://www.dailytelegraph.com.au/realestate/buying/sydneys-housing-market-contrasts-sharply-with-towns-where-prices-went-from-boom-to-bust/news-story/3d6492972780d3fb40df9ec813289d07
Edited by Foxy, 23 Jan 2016, 11:02 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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Foxy
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Zero is coming...

herbie
22 Jan 2016, 10:09 PM
The market is my master ... :)
Now these words are the true truth...

No argument, no debate.

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Foxy
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Zero is coming...

You see it's different here...

http://www.abc.net.au/news/2016-01-15/home-lending-defies-property-downturn/7091016
foxbat
23 Jan 2016, 11:07 AM
http://www.abc.net.au/news/2016-01-14/housing-and-rental-prices-down-again-in-perth/7087032
Edited by Foxy, 23 Jan 2016, 11:09 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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Foxy
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Zero is coming...

http://www.zerohedge.com/news/2016-01-23/energy-creditors-lucky-recover-15-cents-dollar-bankruptcy


So 90% decline for some of the participants??

So in real terms have your houses really gone up???


http://www.zerohedge.com/news/2016-01-23/fruit-vegetable-prices-soar-canada-if-you-insist-eating-tomatoes-youre-going-pay-it

You see this is an example of the true meaning of "real terms".

Peter
Edited by Foxy, 24 Jan 2016, 01:12 PM.
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skamy
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Come on Peter cop it sweet you called it wrong.

Karratha and Port Hedland had already boomed and bust when you were making huge dramatics about a 40% crash to hit Perth. Now you are trying to claim you predicted the Pilbara downturn not the Perth downturn.

Just fess up cut all the wriggling and move on. You gotta be in pain with all these perpetual excuses as to why you are really right even though your crash never eventuated.
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
24 Jan 2016, 01:29 PM
Come on Peter cop it sweet you called it wrong.

Karratha and Port Hedland had already boomed and bust when you were making huge dramatics about a 40% crash to hit Perth. Now you are trying to claim you predicted the Pilbara downturn not the Perth downturn.

Just fess up cut all the wriggling and move on. You gotta be in pain with all these perpetual excuses as to why you are really right even though your crash never eventuated.
Sorry Skamy, this has all been a bit of a trap for you guys, the 50% drop has already happened.

You just can not see it.

BHP can
RIO can
WPL can
Ironore can
Oil prices can
Gas prices can
Australian dollars can
Please Skamy try to understand what i am saying, don't just answer the question you think i have asked.

Thats ok.

I say good luck to you and your family and I truly mean it.

The fall was fast and painless to most.


I always said real terms (you just can not understand what real terms means)and it is why i increased my exposure to tourism and maintained my exposure to farming.
Both earn money from oversea.

So sold local residential, bought tourism.

It was just a hedge.

Good luck Skamy.


https://www.google.com.au/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=australian%20dollar%20to%20amerian%20dollar%20chart


Edited by Foxy, 24 Jan 2016, 03:08 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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Terry
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foxbat
24 Jan 2016, 03:07 PM
Sorry Skamy, this has all been a bit of a trap for you guys, the 50% drop has already happened.

You just can not see it.

BHP can
RIO can
WPL can
Ironore can
Oil prices can
Gas prices can
Australian dollars can
Please Skamy try to understand what i am saying, don't just answer the question you think i have asked.

Thats ok.

I say good luck to you and your family and I truly mean it.

The fall was fast and painless to most.


I always said real terms (you just can not understand what real terms means)and it is why i increased my exposure to tourism and maintained my exposure to farming.
Both earn money from oversea.

So sold local residential, bought tourism.

It was just a hedge.

Good luck Skamy.


https://www.google.com.au/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=australian%20dollar%20to%20amerian%20dollar%20chart

In the majority of cases, this is far beyond the suburbanites control if they have their lives invested in their houses. I don't really know what you think they should be doing.
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Foxy
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Zero is coming...

Terry
24 Jan 2016, 03:43 PM
In the majority of cases, this is far beyond the suburbanites control if they have their lives invested in their houses. I don't really know what you think they should be doing.
Now that is the truth.

No life boats for 3rd class.

Peter
foxbat
24 Jan 2016, 08:16 PM
Now that is the truth.

No life boats for 3rd class.

Peter
Just sit tight you won't feel a thing....


https://www.google.com.au/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=australian%20dollar%20to%20amerian%20dollar%20chart
Edited by Foxy, 24 Jan 2016, 08:17 PM.
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Foxy
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Zero is coming...

It is only true if you get someone else to believe...


https://www.youtube.com/watch?v=iYF7tcvNPLg

Derivatives do not exist in reality.

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