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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,408 Views)
Rastus2
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Strindberg
27 Nov 2015, 07:24 PM
...you mean the joke one that gullible fool rastus2 took seriously and which Shadow edited, causing rastus to call Shadow a liar in multiple posts on multiple threads?


Lets see, which particular lie of shadows are you loyally defending now stringcheese ? :re:

If I made a prediction and posted a graph which was hyperlinked to my photobucket account, and i was to use that graph in a number of posts across a number of diff forums..

I make sure the years on the x-axis fit my bullish viewpoint to such detail that the graph can not be tin eye searched to find a copy the same..

Then, quietly, alter the graph to adjust the years on the x axis a few times... thus, making every post in the past have a new, more likely looking prediction retrospectivly...

Would you come running to my defence when someone pointed out how shady that was ? Is that what you consider honest ?

Or perhaps your talking about his famed prediction on SS forum where he altered it exactly 1 day later but magically, elects to ignore that particular post and stick to the one before...


Like most liars, he tries to cover up when caught... it's quite pathetic watching people who are caught out pretend 'it was all a trap' and even more pathetic watchings someone swallow it all down as truth such as yourself..


Oh, it was a trick that you fell for... when i tinkered with graphs that way, i was not intending to misslead...

Oh, when i gloated about misleadihg my bank for financial gain, it was a trap, and you fell for it.

Oh, someone let slip that there was a troll forum to co-ordinate attacks on members and the old forums... that was a trick that you guys fell for.



Or he simply avoids direct lies by avoiding answering a question directly, or with the whole truth....

Oh, I kept provoking posters who did not provide proof of their claims but I don't want to post my own loans... yeah, because if he did, we would see more details of his lies..

Oh, I can make up a list of Keens failed predictions but when the hyperlinks simply go no-where, or to another post in this forum which is not a direct quote of keens, that's good enough for me and my standards.... I can still demand others have hyperlinks that take met o the source of a quote.

Oh, I can quote Keen out of context and that's fine because stringbean will swallow my posts up as honest while I crap down his throat.


Get real..


The only one who is falling for anything here is yourself who has shown years of biase by ignoring posts from him that are lies, missleading or facfually incorrect, while stomping on others if they happen to make a sintle minor error...


I respect some of your data, a few of your comments, but none of your shadow loving biase, never have, never will.
Edited by Rastus2, 28 Nov 2015, 05:25 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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Foxy
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Zero is coming...

Tick tock...

http://www.cnbc.com/2015/11/26/gold-poised-for-6th-straight-weekly-drop-on-fed-rate-hike-view.html
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...

Tick tock...

And the big end of town is not exempt.

Jack Gregson, from Gregsons Auctioneers, said directors of mining services companies had been coming to their premises in luxury cars and leaving in a taxi.

"We have seen circumstances in Cottesloe when we go to repossess where the luxury car's on the market, the house is on the market, and there's a for-sale sign pointing to the house sitting on top of the luxury car out the front of the property," Mr Gregson said.

"We've seen examples where the family home and industrial properties, where they run the business, are 100 per cent financed to the bank.

"There was no equity placed on the assets."

This is what Foxbat is talking about, the systemic decline....



http://australianpropertyforum.com/topic/10388826/1/#new

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...

Assumptions
27 Nov 2015, 02:14 PM
Wait till the Bust really takes hold........

I can understand most peoples disbelief at a possible fall in prices of 80% but think of it in thses terms

In relevant terms its only another 20% more than prices fell in Japan..............When the Global Economy was still expanding

Chart 4: Volume of world merchandise exports, 1990-2015a

WTO

This time the Global Economy will be contracting as commodity prices are already showing.

But hey I'm must be crazy!
Hi Assumptions,
Look 80% is right up there, in real terms it is possible..
.
.
I look for assets that are at those levels of drop, yes i do find them, its how i make my living..
.
At an 80% drop level on an asset class that has no return you may find other forces come in to play that stops that happening..
.
So in summary, yes it could happen, yes i do include that scenario in my calculations..
.
YES I HAVE SEEN ASSETS FALL 99% in value.

BUT HOUSES HAVE NO YIELD.

They are mostly emotive must haves for the plebiens..
.
So while a dumb dumb can get its hands on money it will buy the house..
.
Because thats what other dumb dumbs do..
.
Peter

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newjez
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foxbat
30 Nov 2015, 02:40 PM
Tick tock...

And the big end of town is not exempt.

Jack Gregson, from Gregsons Auctioneers, said directors of mining services companies had been coming to their premises in luxury cars and leaving in a taxi.

"We have seen circumstances in Cottesloe when we go to repossess where the luxury car's on the market, the house is on the market, and there's a for-sale sign pointing to the house sitting on top of the luxury car out the front of the property," Mr Gregson said.

"We've seen examples where the family home and industrial properties, where they run the business, are 100 per cent financed to the bank.

"There was no equity placed on the assets."

This is what Foxbat is talking about, the systemic decline....



http://australianpropertyforum.com/topic/10388826/1/#new

I would have thought these cars would be leased and the keys just handed back. I wouldn't assume many would be auctioned.
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
30 Nov 2015, 04:56 PM
I would have thought these cars would be leased and the keys just handed back. I wouldn't assume many would be auctioned.
We can all be wrong sometimes.

Peter
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Foxy
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Zero is coming...

http://reiwa.com.au/about-us/news/slowdown-in-wa-s-population-growth-challenges-economy/
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Will
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foxbat
1 Dec 2015, 10:39 PM
Wow, this seems almost unbelievable. Nobody would have expected this 5 years ago.
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Foxy
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Zero is coming...

Will
1 Dec 2015, 10:57 PM
Wow, this seems almost unbelievable. Nobody would have expected this 5 years ago.
Foxbat did.

But yes things change.

Peter
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newjez
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foxbat
1 Dec 2015, 10:39 PM
The impending supply of houses, coupled with the downturn in population is likely to cause a surplus supply of homes in WA, which may trigger downward pressure on house prices that have previously surged on the faith of an acute housing shortage.
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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