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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,377 Views)
newjez
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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

So you think no further falls?
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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Foxy
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Zero is coming...

newjez
26 Jan 2016, 03:14 PM
So you think no further falls?
It is all supply and demand, i see downsize properties being in demand for a while, i see the Bogan FIFO box being in over supply, i see investment properties getting no net yield.

So no more drops, wow who would have thought BHP would drop from $45 to $15 in a heartbeat??

Some very wealthy people just took a massive haircut, and that is without the 40% drop in the dollar.

Anyway, i now do not know what is next??

The fall in "real" terms has already happened.

The super low interest rates, maybe some government policy to put a floor under house prices, maybe our dollar drops more, making all Australian assets cheaper for people oversea??

Infinitely variable system.

All i look for is yield and hedges, so houses??

Not for me.

Good luck guys.


Peter





http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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zaph
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Matthew
26 Jan 2016, 01:46 AM
You are one of the dumbest c u nts I have ever encountered.

you clearly know nothing about Peter,

You two old c unts. Fucking clueless.

Then do us all a favour and shut the fuck up
It's hard to take anything you say seriously when you have a mouth like a fish mongers wife.
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Foxy
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Zero is coming...

zaph
26 Jan 2016, 09:39 PM
It's hard to take anything you say seriously when you have a mouth like a fish mongers wife.
Mathews is just the village idiot, and unfortunately they don't want him back.

I talk to him so he does not get lonely.

Peter

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Matthew
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zaph
26 Jan 2016, 09:39 PM
It's hard to take anything you say seriously when you have a mouth like a fish mongers wife.
Sorry. Crash of 40% has already happened. End of the world is nigh. Be like Dimbo and rent and hold gold.
foxbat
26 Jan 2016, 04:28 PM
The fall in "real" terms has already happened.
No, it has not. This has been clearly shown to you.
Edited by Matthew, 27 Jan 2016, 12:31 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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skamy
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zaph
26 Jan 2016, 09:39 PM
It's hard to take anything you say seriously when you have a mouth like a fish mongers wife.
chauvinist pig
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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hidflect
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foxbat
26 Jan 2016, 02:23 AM
Mathews, we have wisdom.

You on the other hand my young ignorant chap do not, now over the next 10 to 20 years you will be weighed and measured, I hope for your families sake you start to improve.

Peter
That why I sold the rentals.

http://www.news.com.au/finance/real-estate/perth-wa/perth-rents-fall-again-rental-vacancies-jump-to-alarming-level/news-story/f792d166a12274ac16f0014d111eb434
It's clear. While Perth IP owners consciously and unconsciously distort the real price crash of their interest-only-mortgage trophies by refusing to sell under any conditions (regardless of hardships endured) the coal face of market dynamics that CAN'T be hidden is rental prices. And they are crashing.

On the topic of IP "owners" (who actually own nothing except their souls to the bank), they will slide into an impoverished lifestyle forgoing everything except Chiko rolls and cups of water before realizing a loss on their precious, precious IP. Because it's more than money. It's that other commodity for which Kings have lost Empires. The most expensive commodity in the world: Pride. I visited 5 home opens on the weekend where 2 of them had dropped their asking price by $100K. And they were nice places too. Not the usual off-cast cr@pshack that a multi-IP owner wants gone. Proper family homes. Why isn't this in the REIWA stats? Because these homes aren't selling.

On the topic of REIWA: SCANDAL! Why has REIWA redacted the Dec qtr. info from their graph. I have a screenshot of them posting the new median price of $525K. Now it's disappeared. Scroll down and see it only shows to Sep. now.. Why??

REIWA - Back To The Past


And this trick of burying losses in illiquid investments seems to be a global phenomena as investors "hide" poor returns by buying property where quarterly valuations remain opaque.

Investors Piling into Illiquid Assets to Avoid Discipline of Market Prices

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Veritas
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skamy
27 Jan 2016, 12:41 PM
chauvinist pig
Do let us know how much your tenants take you for when the lease is up.

Rent reduction of 60 dollars a week perhaps?

If you're lucky.
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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Simon_S
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Quote:
 
All i look for is yield and hedges, so houses??

Not for me.


This is where its at.
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Foxy
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Zero is coming...

skamy
27 Jan 2016, 12:41 PM
chauvinist pig
It's a new world Skamy, you are showing you age and ignorance, the fishmongers wife is a crossdressing guy :D :D :D
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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