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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,371 Views)
Foxy
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Zero is coming...

Matthew
10 Feb 2016, 08:07 PM
So you concede prices have not fallen 40%? Interesting dickhead.
tick tock
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Foxy
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Zero is coming...

Home builders will be looking for work if this does not turn around very soon,


http://reiwa.com.au/the-wa-market/perth-metro/
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Foxy
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Zero is coming...

http://www.washingtontimes.com/news/2016/feb/21/minnesota-farmland-prices-slip-after-years-of-incr/


Tick tock..
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Chris
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Matthew, in the face of what is fast becoming loud frantic panic about house prices in Australia and the huge anount of debt it has taken to get there, even you can admit to being slightly concerned?!

Historically we have never seen such dire warnings for Oz property, most are saying we are FUCKED.

The only thing to look forward to is that if prices don't fall dramatically this year then it is almost a certainty they never will given the current sentiment here and globally.
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Matthew
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Chris
25 Feb 2016, 06:25 AM
Matthew, in the face of what is fast becoming loud frantic panic about house prices in Australia and the huge anount of debt it has taken to get there, even you can admit to being slightly concerned?!

Historically we have never seen such dire warnings for Oz property, most are saying we are FUCKED.

The only thing to look forward to is that if prices don't fall dramatically this year then it is almost a certainty they never will given the current sentiment here and globally.
Chris the bears have been frantically panicking about Australian House prices for the best part of a decade now. They are certainly howling at the moon louder now.

But why would I personally be concerned Chris? I am not buying, and I am not selling. As long at there are people needing to rent a house I will continue to derive an income.

I have always taken a view that property is not a rapid path to riches. We have owned our IP's for over 20 years, 15 years, 10 years and 5 years respectively. They have no debt attached to them so even in the worst event the banks will not be knocking on our door. Our original home has over $550k in capital growth on a property worth just over $700k. Even of house prices halved overnight we are sitting on over $200k in equity if we needed to sell, which we do not.

Global discussions on Australian Housing Affordability (or lack there of) centre around Sydney and Melbourne and with good reason. Perth where I have investments and live will probably finish this year with a median around $530k. That is 10% growth in a decade. That is a fall in real terms in a time that wages have risen significantly and interest rates have plunged to all time lows.

Am I concerned Chris? No. Why would I be?

People like yourself and Dimbo should be concerned Chris. You both NEED a massive crash for your own reasons. I could not give a fuck either way.
Edited by Matthew, 25 Feb 2016, 10:31 AM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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herbie
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Matthew
25 Feb 2016, 10:30 AM
I could not give a fuck either way.
I give a fuck because if things go pear shaped the Gen Ys in my family could be without jobs.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Matthew
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herbie
25 Feb 2016, 10:40 AM
I give a fuck because if things go pear shaped the Gen Ys in my family could be without jobs.
Aaah the economy is a different story Herb, but not the question I was asked.

It does amuse me that the bears want to have a house price crash, that would probably come following a massive economic disaster for Australia so they can get their cheap house, but ignore the fact that in any such event they are as likely to be unemployed as the next guy crushing their dreams.
My only hope for my three boys is that they turn out nothing at all like Chris.
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stinkbug
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"I waited for YEARS for a property price crash and I want my cheap house NOW!!"

Posted Image
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Foxy
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Zero is coming...

Something that you all may be missing is "what conditions are required" to have cheap houses??

In nominal terms you may not see much change.

But in real terms, it may be a whole different story.

Peter
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skamy
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Jimbo
5 Feb 2016, 05:20 AM
So basically a pile of waffle and not an answer to a simple question.

How is that 1700 properties were leased last week and yet the number of available properties climbed?

Did more than 1700 new properties hit the rental market?

Or did 1700 people simply re-negotiate a lease for a lower rent?

Just a simple look at the individual listings will tell you that it is a bloodbath out there at the moment. Free weeks, dogs allowed, reduced rents.

Bullshit.

List these projects that are going to employ a lot of people who used to live in the regions and do FIFO.

What a pile of made up crap.
Number of leased properties are not climbing anymore are they Jimbo

You do this a lot with me - you outright deny things I tell you about yet never return to apologise when i am shown to be correct.


Jimbo
6 Feb 2016, 06:57 AM
The last published figures from the ABS show that Perth grew at 33,000 over the year (to 30th June 2015)
Down from 42,000 the year before and 77,000 the year before that.

But the June quarter (to 30th June 2015) was 6710.

So to claim that Perth is growing by over 35,000 a year is an outright lie.

Just like your claim that Perth was growing by 80,000 a year was a pile of horseshit 18 months ago.

I told you back in 2014 that Perth would be lucky to hit 40,000 and you scoffed.

It only hit 33,000.

And that was up until June 30th 2015.

It will be sub 20,000 to June 30th 2016.

Bookmark this post.


75% of them empty right now. And we don't have migration growth of "that level".


You are an eejit how was I to know the figures you are now quoting which were released on the 17th Dec for a post I made on the 8th of December.

At the time of posting my figure was the correct one Jimbo - how about an apology for calling me a liar?


Chris
25 Feb 2016, 06:25 AM
Matthew, in the face of what is fast becoming loud frantic panic about house prices in Australia and the huge anount of debt it has taken to get there, even you can admit to being slightly concerned?!

Historically we have never seen such dire warnings for Oz property, most are saying we are FUCKED.

The only thing to look forward to is that if prices don't fall dramatically this year then it is almost a certainty they never will given the current sentiment here and globally.
Oh don't be silly every year or so some blow in rent a doomer comes over selling their book or what not with dramatic tales that only pull in poor people like you who have not yet bought a home and want to believe someone is gonna donate one to ya for charity.

People were calling a 40% drop on 60 minutes in 2011 - look what happened since then. Probably the same thing will happen now, especially when the blow ins are actually getting called out on their lies and exaggerations this time around.
herbie
25 Feb 2016, 10:40 AM
I give a fuck because if things go pear shaped the Gen Ys in my family could be without jobs.
This is my view also - young people suffer the most in silly crashes. House prices always return again and there really was no need for all that suffering.
Edited by skamy, 25 Feb 2016, 07:42 PM.
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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