Then a few years back you did what every other dumb arse "investor" did and got yourself a line of credit. Probably bought a handful.
Nope
Quote:
A once in a lifetime set of circumstances and you are hoping it comes back again to save your arse.
I have no debt Dim. So again Nope.
Quote:
Sure thing Matey. So why is your entire blog devoted to "he said, she said on Perth Now"?
It isn't. Again Nope.
Quote:
You haven't provided any numbers Matey.
I have provided your rental (lowball) selling (highball but it is your fantasy) and rebuy stamp duty numbers.
Quote:
Just some made up bullshit about one REIWA reported land sale being one new unit of housing and most of the other builds being like for like replacements. Then you used 20 month old migration numbers to claim we are under building right now.
You are becoming desperate. And stupid. Keep going, it is quite funny.
Quote:
Couldn't lose could you Matey. Population growing at 80k pa, sod all land being released, poor people fighting with eachother for the chance to rent a 3x1 dogbox.
You are showing your own lack of understanding here, not mine.
Quote:
No actual numbers Matey.
No, actual numbers. Your actual rent. Your actual selling fees. Your actual stamp duty when you rebuy. Your actual trade losses and currency losses. Real numbers Dim unless you are making shit up. Are you making shit up Dim?
I have provided your rental (lowball) selling (highball but it is your fantasy) and rebuy stamp duty numbers.
So basically, you don't have any numbers to support your claim that we are currently underbuilding in Perth.
Apart from something you said which you claim you never said and my suggesting you said it made me an idiot?
You know
Quote:
Just 71 blocks of land. Enough future housing for 177 people. But on average 644 have arrived. Once construction completion and with it supply peaks (may have already given listings are slightly edging down) the oversupply will erode at a rate of around 250 - 300 dwellings per week.
Your whole undersupply and underbuilding scenario is based on something which you reckon you never said?
And the only number you can come up with in response is how much you reckon I have spent on rent?
Again Matey.
How many new housing units are currently under construction in Perth Matey?
How many people are coming here now Matey?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
So basically, you don't have any numbers to support your claim that we are currently underbuilding in Perth.
Apart from something you said which you claim you never said and my suggesting you said it made me an idiot?
You know
Your whole undersupply and underbuilding scenario is based on something which you reckon you never said?
And the only number you can come up with in response is how much you reckon I have spent on rent?
Again Matey.
How many new housing units are currently under construction in Perth Matey?
How many people are coming here now Matey?
Jimbo just go buy a home --don't follow your dream of being a property soothsayer into real financial disadvantage.
Perth was never going to crash - there are too many rich people here and sooner or later they will start buying homes again - just as they have done in Sydney and Melbourne.
By the time you understand the effect of the slow down in building since 2007 and the totally inadequate recovery in 2012 - 2014, you will be seeing your rent doubled and you will struggle to re-buy in Warnbro.
Remember under 13,000 homes on the market is a sellers market - we are down to 14K now. Already most of the great buys are gone, the time for buying was earlier this year when there were some crackers on the market.
Half of your dreamed of crash has already evaporated. Don't do a BREXIT with your family home.
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.
By the time you understand the effect of the slow down in building since 2007 and the totally inadequate recovery in 2012 - 2014, you will be seeing your rent doubled and you will struggle to re-buy in Warnbro.
Haven't we just had the largest residential construction boom in the history of WA?
Quote:
Remember under 13,000 homes on the market is a sellers market - we are down to 14K now.
Really? Got any evidence of that Skammy?
Have you forgotten about the 11,000 plus available rentals and the 6.7% vacancy rate?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
Haven't we just had the largest residential construction boom in the history of WA?
Really? Got any evidence of that Skammy?
Have you forgotten about the 11,000 plus available rentals and the 6.7% vacancy rate?
You cannot claim that you have not been warned - have you been tracking listings in Warnbro ? Why not tell us all what is happening?
People who bought during the downturn since 2007 are all set up waiting for recovery - you still have time to avoid doing a Chris or a Terry.
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.
You cannot claim that you have not been warned - have you been tracking listings in Warnbro ? Why not tell us all what is happening?
So you have no evidence then.
Just some waffle.
As per.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
So basically, you don't have any numbers to support your claim that we are currently underbuilding in Perth.
Apart from something you said which you claim you never said and my suggesting you said it made me an idiot?
You know
Your whole undersupply and underbuilding scenario is based on something which you reckon you never said?
And the only number you can come up with in response is how much you reckon I have spent on rent?
Again Matey.
How many new housing units are currently under construction in Perth Matey?
How many people are coming here now Matey?
Your simplistic bread and milk analogies are your undoing Dimbo. I hope your kids are smart enough not to f*** things up as badly as you when faced with similar decisions.
I certainly don't doubt you work in Engineering. You refuse to learn from people who are smarter than you.
Just try and contain your financial stupidity to your own wallet and refrain from providing advice to others.
Jimbo just go buy a home --don't follow your dream of being a property soothsayer into real financial disadvantage.
Perth was never going to crash - there are too many rich people here and sooner or later they will start buying homes again - just as they have done in Sydney and Melbourne.
By the time you understand the effect of the slow down in building since 2007 and the totally inadequate recovery in 2012 - 2014, you will be seeing your rent doubled and you will struggle to re-buy in Warnbro.
Remember under 13,000 homes on the market is a sellers market - we are down to 14K now. Already most of the great buys are gone, the time for buying was earlier this year when there were some crackers on the market.
Half of your dreamed of crash has already evaporated. Don't do a BREXIT with your family home.
The GFC wasn't caused by debt or high house prices, it was caused by an absence of prudence by lenders resulting in poor quality loan books and an inability to determine counterparty loan book quality, thus causing a freeze in interbank transactions.
Categorizing poor quality loans as AAA rated and selling them into the market didn't help.
Thanks for not answering the question or addressing the matter but as usual in the vain hope of trying to save Matthew and at the same time appear intelligent you have instead confirmed you are full of shit.
Just like you tried to save Trollie in the Chris capitulates thread.........
Maybe stick to CB's target Inflation........And what ever you think passes as Economic insight. LOL better add Double entry Book Keeping too.
Hmmm....Wonder why all those banks didn't use double entry book keeping to prevent all those loan failures...
Thanks for not answering the question or addressing the matter but as usual in the vain hope of trying to save Matthew and at the same time appear intelligent you have instead confirmed you are full of shit.
Just like you tried to save Trollie in the Chris capitulates thread.........
Maybe stick to CB's target Inflation........And what ever you think passes as Economic insight. LOL better add Double entry Book Keeping too.
Hmmm....Wonder why all those banks didn't use double entry book keeping to prevent all those loan failures...
AHAHAHAHAHAHAHAHAHAHAH
Save Matthew, save Trollie? What are you talking about. I was just trying to instil some knowledge in your grey cells, but it was clearly in vain, you still don't know anything.
Take risks - if you win you will become wealthy, if you lose you will become wise
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