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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,351 Views)
Foxy
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Zero is coming...

Khaderbhai
24 Aug 2016, 12:27 PM
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.


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.
Would you agree that the cost including land for a dwelling at a base level in Australia is available at about $400,000.00??

That a good simple car is about $30,000.00

A usable computer is less than $2,000.00

If you can understand the above you will see what i am saying.

The base level and cost of living has declined in "real terms"

and the return on residential property "real net"


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

16 years of "real negative" return, wow.


https://www.youtube.com/watch?v=Joo90ZWrUkU

Listen very carefully to the lyrics....


Edited by Foxy, 24 Aug 2016, 04:18 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Khaderbhai
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Wealthy Suburbanite

foxbat
24 Aug 2016, 04:16 PM
Would you agree that the cost including land for a dwelling at a base level in Australia is available at about $400,000.00??
That a good simple car is about $30,000.00
A usable computer is less than $2,000.00
If you can understand the above you will see what i am saying.
The base level and cost of living has declined in "real terms"
and the return on residential property "real net"
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456353985384.png
16 years of "real negative" return, wow.
https://www.youtube.com/watch?v=Joo90ZWrUkU
Listen very carefully to the lyrics....
Not sure what any of that has to do with your prediction that house prices and all assets will come under pressure. As I said, the houses and assets owned by the vast majority of Australians have increased in value since you made the prediction, so it seems to be mostly upwards pressure at the moment.
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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Trollie
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Khaderbhai
24 Aug 2016, 04:25 PM
Not sure what any of that has to do with your prediction that house prices and all assets will come under pressure. As I said, the houses and assets owned by the vast majority of Australians have increased in value since you made the prediction, so it seems to be mostly upwards pressure at the moment.
Indeed, he said all assets but can only name a couple which came under pressure.
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Foxy
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Zero is coming...

Khaderbhai
24 Aug 2016, 04:25 PM
Not sure what any of that has to do with your prediction that house prices and all assets will come under pressure. As I said, the houses and assets owned by the vast majority of Australians have increased in value since you made the prediction, so it seems to be mostly upwards pressure at the moment.
It was for Perth and that was due to the mining boom ending, in the 4 years since i made that call i have bought 9 properties and sold 4.

So please no bull and bear bull shit, please.

Just recognised an overheated market and let people know it was over heated.

Simple, spent years in mining towns, boom and bust.

Anyways, moved onto lithium and gold at the moment and also getting set in fertilizers.

But that could take a few years, no rush.

Good luck by the way.

Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456353985384.png
Edited by Foxy, 27 Aug 2016, 11:41 PM.
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Foxy
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Zero is coming...

Tick tock.

A little crimp here, a little compression there...


http://www.zerohedge.com/news/2016-08-31/global-supply-chains-paralyzed-after-worlds-7th-largest-container-shipper-files-bank
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456353985384.png
https://agmetalminer.com/2016/08/30/falling-food-prices-hurting-farmers-equipment-manufacturers/
http://www.marketwatch.com/story/spiking-farmland-prices-can-offer-a-lesson-for-stock-investors-2015-06-17
I wonder where the Port Hedland and Karratha bubbles are???

http://www.investinganswers.com/education/how-invest/anatomy-bubble-position-yourself-profit-next-one-pops-2009

Perth Hotel bubble???

Perth office space bubble.

Oh the cake taker, Perth small bars :D :D :D

What were they thinking?

Perth residential realestate???
No thats different :bl:

Just ask Skamy, Mathews and Trollie.

It's different this time is it not boys???

Oh wheat land, shipping rates, oil, iron ore, but Perth residential that has a negative REAL return just keeps going up, right.

Peter

Enjoy.


Looks like a turn around is coming for Port Hedland and Perth, the extra jobs flyin flyout,

http://www.couriermail.com.au/business/mcaleese-goes-in-into-voluntary-administration/news-story/c5ede6c0a9400772e0e29ac17eed5e3a
This will at least bring a few jobs to Hedland and a cosmopolitan feel...


https://au.news.yahoo.com/thewest/regional/north-west/a/32450958/tough-market-slows-developer/#page1


Well well well, what have we here :oo:

https://www.youtube.com/watch?v=yjZBnSc4FRg
http://www.abc.net.au/news/2016-08-18/brendon-grylls-questioned-over-youtube-video/7764794

Brendon, i wasted years of my life in the Pilbara, how do the 50c summer temps add to the quality of life???

Hot, boring, waste of time.


OMG....


http://www.afr.com/real-estate/pilbara-property-investors-lose-half-as-prices-hit-the-bottom-20160126-gmegot
If thats the engine room i would be looking for a nice dry lithium and gold lined lifeboat.... :oo:



http://www.watoday.com.au/wa-news/karratha-property-prices-plunge-32-per-cent-in-was-pilbara-mining-hub-20150806-git3w7.html
Maybe a little promotion will bring the buyers in :D :D :D :D

https://www.youtube.com/watch?v=Wup1cEdgOWs
Edited by Foxy, 1 Sep 2016, 12:05 PM.
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Khaderbhai
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Wealthy Suburbanite

foxbat
27 Aug 2016, 11:40 PM
Quote:
 
Not sure what any of that has to do with your prediction that house prices and all assets will come under pressure. As I said, the houses and assets owned by the vast majority of Australians have increased in value since you made the prediction, so it seems to be mostly upwards pressure at the moment.
It was for Perth...
Oh, so when you said 'house prices and all assets to come under pressure' you meant house prices and all assets in Perth.

I see. Well I suppose it's fortunate that 92% of Australians don't live in Perth. :re:
Edited by Khaderbhai, 1 Sep 2016, 12:09 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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Foxy
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Zero is coming...

http://www.abc.net.au/news/2015-08-06/report-shows-pilbara-house-prices-continuing-to-fall/6677550

Cutting prices in half,


Foxbat you old dog you :tu:


http://www.perthnow.com.au/realestate/news/perth-wa/perth-office-vacancies-highest-in-20-years-as-commercial-real-estate-struggles/news-story/32308cf902088454a8ed70269e5a6a6b



Here is a training video for landlords trapped in the Perth office market, it shows the negotiating tactics to be adopted. Oh and they are not in charge of the situation... they are takers not givers...

https://www.youtube.com/watch?v=RmyARD5IitE
Khaderbhai
1 Sep 2016, 12:06 PM
Oh, so when you said 'house prices and all assets to come under pressure' you meant house prices and all assets in Perth.

I see. Well I suppose it's fortunate that 92% of Australians don't live in Perth. :re:
Wheat, oil, shipping, food.

You think it is in Perth,

Please explain :bl:
Edited by Foxy, 1 Sep 2016, 12:54 PM.
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Khaderbhai
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Wealthy Suburbanite

foxbat
1 Sep 2016, 12:07 PM
Wheat, oil, shipping, food.
Shipping isn't an asset. Food is a consumable, and it's not falling in price. The price of oil has fluctuated for decades, and it's not really an 'asset' that Australians typically invest in. I don't think many Australians invest in wheat either.

Not sure what point you're trying to make here.

You originally predicted 'house prices and all assets to come under pressure'.

And you subsequently clarified today that you meant 'in Perth'.

Quote:
 
You think it is in Perth
I think what is in Perth? Are you making a statement or asking a question?
Edited by Khaderbhai, 1 Sep 2016, 02:49 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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Foxy
Member Avatar
Zero is coming...

Khaderbhai
1 Sep 2016, 02:47 PM
Shipping isn't an asset. Food is a consumable, and it's not falling in price. The price of oil has fluctuated for decades, and it's not really an 'asset' that Australians typically invest in. I don't think many Australians invest in wheat either.

Not sure what point you're trying to make here.

You originally predicted 'house prices and all assets to come under pressure'.

And you subsequently clarified today that you meant 'in Perth'.


I think what is in Perth? Are you making a statement or asking a question?
Shipping is not an asset???


Khaderbhai
1 Sep 2016, 12:06 PM
Oh, so when you said 'house prices and all assets to come under pressure' you meant house prices and all assets in Perth.<br /><br />I see. Well I suppose it's fortunate that 92% of Australians don't live in Perth. :re:
No, all assets.


Edited by Foxy, 1 Sep 2016, 09:45 PM.
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Foxy
Member Avatar
Zero is coming...

https://au.news.yahoo.com/thewest/wa/a/32201518/perth-property-prices-worst-performing/#page1
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456353985384.png

Man thats hard to argue with...
Mount Lawley down 8%???

Perth down 15%???

But Mathew, Skamy how could it be???

http://reiwa.com.au/for-sale/mount-lawley/

Trolly??

Any words of wisdom trendsetters???

http://reiwa.com.au/for-sale/mount-lawley/


Edited by Foxy, 2 Sep 2016, 01:40 AM.
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