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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,352 Views)
Foxy
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Zero is coming...

http://www.cnbc.com/2016/07/20/tesla-motors-ceo-releases-new-master-plan.html
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Foxy
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Zero is coming...

the future ...

http://www.zerohedge.com/news/2016-08-12/farmland-prices-continue-fall-central-us-farmer-credit-conditions-deteriorate
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Foxy
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Zero is coming...

http://www.zerohedge.com/news/2016-08-22/jim-grant-will-turn-out-very-bad-many-people
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Khaderbhai
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Wealthy Suburbanite

Quote:
 
Foxbats new prediction; House prices and all assets to come under pressure
Seems to be mostly upward pressure. National house prices have increased substantially since you posted this. So has the ASX and most global share markets.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Foxy
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Zero is coming...

Khaderbhai
23 Aug 2016, 11:26 AM
Seems to be mostly upward pressure. National house prices have increased substantially since you posted this. So has the ASX and most global share markets.
Hmmmm,
Interest rates???
Wheat prices?
Oil prices?

Or are you just looking at your house price, traded from one hairy little monkey to the next?

Iron ore.
Shipping rates.

The list goes on,, and

If there is no profit in a sector then it starts to fail.

Just ask yourself, if an entire industry is on balance unprofitably, how do you sustain it?

The next question is why?

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456353985384.png

Just hope the dumb dumbs keep feeding the beast...


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Trollie
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foxbat
23 Aug 2016, 08:43 PM
Hmmmm,
Interest rates???
Wheat prices?
Oil prices?

Or are you just looking at your house price, traded from one hairy little monkey to the next?

Iron ore.
Shipping rates.

The list goes on,, and

If there is no profit in a sector then it starts to fail.

Just ask yourself, if an entire industry is on balance unprofitably, how do you sustain it?

The next question is why?

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456353985384.png

Just hope the dumb dumbs keep feeding the beast...

That's just a cherry picked list for idiots like you roddy.
Edited by Trollie, 23 Aug 2016, 08:57 PM.
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Foxy
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Zero is coming...

Trollie
23 Aug 2016, 08:57 PM
That's just a cherry picked list for idiots like you roddy.
Please explain...
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Khaderbhai
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Wealthy Suburbanite

foxbat
23 Aug 2016, 08:43 PM
Interest rates???
Wheat prices?
Oil prices?

Or are you just looking at your house price, traded from one hairy little monkey to the next?
Sure, but falls in those things are good for consumers. Bring it on.

If house prices and share prices rise, while mortgage repayments, food prices and petrol prices fall, then it's happy days for the hairy monkeys.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Foxy
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Zero is coming...

Khaderbhai
23 Aug 2016, 09:56 PM
Sure, but falls in those things are good for consumers. Bring it on.

If house prices and share prices rise, while mortgage repayments, food prices and petrol prices fall, then it's happy days for the hairy monkeys.
Ok,
This is good, we have agreement,

Now the people, let's just stick to say wheat farmers, that are getting less and since we are a farming family, sheep not wheat, for our product, how could a farming family pay more for a house???

Or say an oil industry worker, how could he pay more for a house??

Or an iron ore worker??

Peter

I know i am using logic in a battle against emotion.

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Khaderbhai
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Wealthy Suburbanite

foxbat
24 Aug 2016, 12:16 PM
Now the people, let's just stick to say wheat farmers, that are getting less and since we are a farming family, sheep not wheat, for our product, how could a farming family pay more for a house???
What proportion of the Australian population are wheat farmers? It would be a tiny fraction of a percent, right? And it's unlikely that those wheat farmers would be buying many houses anyway, regardless of the price of wheat. They probably live on their farms.

Quote:
 
Or say an oil industry worker, how could he pay more for a house?? Or an iron ore worker??
They would use their salaries (which don't fluctuate with the price of oil and ore). But again, it's a tiny fraction of the population.

Try using some logic instead of emotion.
Edited by Khaderbhai, 24 Aug 2016, 12:29 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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