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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,370 Views)
newjez
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skamy
25 Feb 2016, 07:21 PM
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.

It seems fairly clear that investors are dumping investment properties at a discount, and renters are buying them.

So, as an investor - I'm not sure how you can view this trend as a positive?

The danger is that you will run out of renters who can afford to buy, before you run out of vacant rental properties.

It doesn't take much of an overhang to tip a market. 1% and a bit of desperation.

It could go anywhere from here.

Better get those pom poms fluffed.
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...

Ride the wave man...

http://reiwa.com.au/wa/margaret-river/6285/
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Matthew
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newjez
25 Feb 2016, 09:28 PM
It seems fairly clear that investors are dumping investment properties at a discount, and renters are buying them.
What makes that clear?
My only hope for my three boys is that they turn out nothing at all like Chris.
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Foxy
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Zero is coming...

Ok,
Here is a simple structure for you to visualize.

1) Mining boom = increased demand for dwellings.
2) Increased demand for dwellings = increased prices of said dwellings
3) Mining boom turns to bust = decreased demand for dwellings
4) Decreased demand for dwellings = decreasing prices for dwellings.

And that folks is the end....

Peter
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Foxy
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Zero is coming...

http://www.bloomberg.com/news/articles/2016-03-01/glencore-profit-collapses-69-as-prices-for-metals-and-oil-slide
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newjez
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Matthew
26 Feb 2016, 01:40 AM
What makes that clear?
Don't play stupid Matthew.
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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Matthew
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newjez
2 Mar 2016, 10:52 AM
Don't play stupid Matthew.
I am not playing stupid at all. I can not see any logic that says investors are dumping cheap houses being snapped up by renters.

It certainly is not being reflected in listings numbers of either category or median pricing. If it was clearly the case there would be less houses listed for sale, less houses listed for rent, and a solid downswing in median pricing. None of those are visible in the numbers I am looking at.

A 6% vacancy rate, if real (there is evidence to the contrary) is 3 weeks per annum. You are not going to dump a property for no good reason based on $1,500 missing rent a year. Why take a $15,000 off your asset value for such a minor inconvenience in income?

In fact the more I think about your comment the less sense it makes.
Edited by Matthew, 2 Mar 2016, 03:37 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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foxbat
2 Mar 2016, 01:57 AM
That is good news for WA silly billy. Our miners are surviving and will be the fittest when the market returns to normal. Look at iron ore the price is rising.
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...

newjez
2 Mar 2016, 10:52 AM
Don't play stupid Matthew.
Play stupid????

Now that is a good one...

:bl:
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Foxy
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Zero is coming...

Foxbat reconfirmed his gold call the other day in the sauna.

Peter

The old fox. :D
He is one cool cat.
Edited by Foxy, 4 Mar 2016, 08:56 PM.
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