Welcome Guest [Log In] [Register]


Reply
Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,347 Views)
Jon Snow
Member Avatar


foxbat
9 Oct 2016, 11:52 AM
You have got me thinking Jon Snow.
In Fact less than one housing unit.
As i have spend very little on my house it is worth land value.
There are really no vacant blocks in Mount Lawley available.
So if i sold my house with the view of moving to a better house it would cost me about $700,000.
Housing is a store of wealth.
Housing is a store of wealth in the same way that grain silos are a store of wealth. A house is capital stock that is consumed over time.

One of the things that confused the British most during the Maori wars, is the way the Maori would abandon a fort after spending all week defending it. The Maori were not brainwashed slaves like the British. They were not attached to the forts they built.

Only serfs who still haven't left the agricultural age become attached to any particular place. Pre-agricultural people moved around, and took all of their possessions with them. The wealth was created by the land, not stored in it.

It is only this unnatural agricultural age emotional attachment to a singular place that gives land it's "value". It isn't really "value" at all, just a price that is paid to satisfy this emotional need.
Quote:
 
If we take the dairy industry we see endless news articles made over the last few years about the farmers going broke.
Wheat??? None, i can recall no t.v. news items on the plight of Australian wheat farmers, it is something i have followed for 35 years and it has never been worse.
Most farmers are takers of prices. Some are not.
http://www.sundropfarms.com/

Technology will transform farming, the same way it will transform everything else. It's just a matter of time, and the disruption will be earth shaking, especially to social institutions.
Quote:
 
Russia produces 107 million tonnes of grain annually, dwarfing Australia’s average 30 million tonne winter crop, and produces it at a lower cost than Australia, selling about 20 per cent of its production on world markets.
I'm sure they could produce a lot more if they were willing to let go of the age of Tzars. The Russian chernozem soils are some of the most fertile on earth, similar to Saskatchewan in Canada. One advantage Australia has is a longer growing season, but we cannot even come close on yield.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Jon Snow
9 Oct 2016, 01:43 PM
Housing is a store of wealth in the same way that grain silos are a store of wealth. A house is capital stock that is consumed over time.

One of the things that confused the British most during the Maori wars, is the way the Maori would abandon a fort after spending all week defending it. The Maori were not brainwashed slaves like the British. They were not attached to the forts they built.

Only serfs who still haven't left the agricultural age become attached to any particular place. Pre-agricultural people moved around, and took all of their possessions with them. The wealth was created by the land, not stored in it.

It is only this unnatural agricultural age emotional attachment to a singular place that gives land it's "value". It isn't really "value" at all, just a price that is paid to satisfy this emotional need.
It's the European system of establishing land ownership "on title" that gives land it's value. In countries that don't have that, the occupant is the owner. If the occupant dies or is chased out someone else will occupy the property and assume ownership.

It's the ability to establish ownership with backing from the state to protect that ownership that gives lenders the confidence to use property as security for a loan. Without that structure lending would be limited to business ventures and trade.

You may consider it unnatural, but it's here to stay. It's also worth noting that the countries who have used this system the longest are the wealthiest countries with the higher health and living standards.

I'm not aware of any countries who do not have a land titles system these days, but there may be. I understand that Ethiopia struggled for many years, you may be interested in that story.
https://en.wikipedia.org/wiki/Land_reform_in_Ethiopia

Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Jon Snow
Member Avatar


Rufus
9 Oct 2016, 02:40 PM
It's the European system of establishing land ownership "on title" that gives land it's value. In countries that don't have that, the occupant is the owner. If the occupant dies or is chased out someone else will occupy the property and assume ownership.

It's the ability to establish ownership with backing from the state to protect that ownership that gives lenders the confidence to use property as security for a loan. Without that structure lending would be limited to business ventures and trade.




Yes, it was the massacre or enslavement of the world's free people that gave rise to the system that rules the world today.
Quote:
 
You may consider it unnatural, but it's here to stay.

I consider it unnatural, and agree that it is here to stay until we evolve out of it. How long that will take I don't know. It may not even be achieved.
Quote:
 
It's also worth noting that the countries who have used this system the longest are the wealthiest countries with the higher health and living standards.

Of course! Slavery generates great prosperity as it changes the system of perpetual warfare to one of occasional bloody slaughter, with the intervening periods of peace an opportunity to build society.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Jon Snow
9 Oct 2016, 03:07 PM

Yes, it was the massacre or enslavement of the world's free people that gave rise to the system that rules the world today.


I consider it unnatural, and agree that it is here to stay until we evolve out of it. How long that will take I don't know. It may not even be achieved.


Of course! Slavery generates great prosperity as it changes the system of perpetual warfare to one of occasional bloody slaughter, with the intervening periods of peace an opportunity to build society.
Well you're free to move to North Korea or Ethiopia.

Your choice.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Jon Snow
Member Avatar


Rufus
9 Oct 2016, 03:11 PM
Well you're free to move to North Korea or Ethiopia.

Your choice.
Actually, I'm not. Fortunately, there is an alternative. One can live free surrounded by slaves and their masters.
Edited by Jon Snow, 9 Oct 2016, 03:15 PM.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Jon Snow
9 Oct 2016, 03:13 PM
Actually, I'm not. Fortunately, there is an alternative. One can live free surrounded by slaves and their masters.
Best of luck.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

Jon Snow
9 Oct 2016, 03:13 PM
Actually, I'm not. Fortunately, there is an alternative. One can live free surrounded by slaves and their masters.
so true.

Keep well.

Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

Rufus
9 Oct 2016, 03:11 PM
Well you're free to move to North Korea or Ethiopia.

Your choice.
Do i have to go to North Korea :bh:

Like please don't send me,
Ok i will go.

Peter

https://www.youtube.com/watch?v=23770g1HyWg


It must be a living hell...

https://www.youtube.com/watch?v=FSrjf9wrNoA
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

KDR got hit hard today,

Down $110,000 bad day :wak:
https://www.youtube.com/watch?v=RmNTAvnSais
Edited by Foxy, 11 Oct 2016, 11:28 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

oh dear,

https://www.businessnews.com.au/article/Stonam-joins-Pilbara-casualties

Not quite the boom after all....
One day a proud cock, the next a feather duster.

https://www.businessnews.com.au/article/Landlords-look-at-upgrades-to-lure-new-tenants
Edited by Foxy, 12 Oct 2016, 09:32 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Join the millions that use us for their forum communities. Create your own forum today.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy