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Perth Housing stock continues to fall
Topic Started: 12 Aug 2016, 02:42 PM (50,709 Views)
Terry
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Rufus
1 Sep 2016, 12:13 PM
Said the man who proudly announced that supply and demand don't matter to prices.

Keep selling those hotdogs, there is money in cheap takeaways.





There sure is money in hotdogs and fast food, particularly in places such as NYC. Shake Shack is now a publically listed company and has gone global. More of a ice cream guy myself and opportunity is ripe for the business model with the right story.
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newjez
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Matthew
1 Sep 2016, 12:37 PM
No Dim those factors are all incredibly important drivers to the housing market. All will have some influence on stock on market. Neither change the fact that the market has an equilibrium point.

The fact that you claim to be an engineer and you can not understand the concept of equilibrium is hilarious.


No, because that is a statement of fact. Care to provide evidence to the contrary?

Would you care to retract the following?


How did that one work out for you?


Again Dim that figure came from a senior person within one of Perths largest builders. I have challenged you on a number of occasions to go through all 2,700 land listings on REIWA and prove the statement wrong. I have provided many links that show the statement to be plausible.

If you don't agree with it prove it with fact or f uck off.
Probably a question for mike, as he has the best data access. Mike can you verify that prices rise when stock on market (reiwa) is below 12000, and prices fall when stock is above 12000?
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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Jimbo
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Matthew
1 Sep 2016, 12:37 PM
No Dim those factors are all incredibly important drivers to the housing market. All will have some influence on stock on market. Neither change the fact that the market has an equilibrium point.

So now it is a fact that 12,000 listings and a 3% vacancy rate is the equilibrium point?

No evidence other than that some bloke at REIWA says it to be so.

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The fact that you claim to be an engineer and you can not understand the concept of equilibrium is hilarious.
You have a very easy to tickle sense of humour Matey. You sure you are the full quid?

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No, because that is a statement of fact. Care to provide evidence to the contrary?
So because some bloke you spoke to reckons new supply is REIWA reported land sales times 1.09, it is now an established fact?

No link, no supporting data. Matey says it is so, so it must be so.
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.
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Matthew
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Jimbo
1 Sep 2016, 02:57 PM
So now it is a fact that 12,000 listings and a 3% vacancy rate is the equilibrium point?

No evidence other than that some bloke at REIWA says it to be so.
If you disagree please provide a link to an alternative position from an industry recognised source instead of just saying the published opinion is wrong.

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You have a very easy to tickle sense of humour Matey. You sure you are the full quid?
100% Dim, I do worry about you though.

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So because some bloke you spoke to reckons new supply is REIWA reported land sales times 1.09, it is now an established fact?
Again if you disagree please provide a link to an alternative position rather than just saying it is wrong. Easiest way would be for you to go through the REIWA land listings and honestly assess how many properties will be built on that land. I have done the first 200. It comes out at 1.11. Pretty close. Why don't you actually do some research for a change instead of just being a c unt

Of course as you know what I am saying is correct you will not do that, you will simply say I am wrong because me being right will not support your agenda of a crash.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Rufus
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Terry
1 Sep 2016, 12:45 PM
There sure is money in hotdogs and fast food, particularly in places such as NYC. Shake Shack is now a publically listed company and has gone global. More of a ice cream guy myself and opportunity is ripe for the business model with the right story.
I agree. I was a distributer for staple food products for years - incredibly strong business.

During the recession in 1991 sales/profits went through the roof. Every other business was falling over.
Now that was a genuine recession, not like the GFC, which was a pussycat by comparison.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Terry
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Rufus
1 Sep 2016, 08:37 PM
I agree. I was a distributer for staple food products for years - incredibly strong business.

During the recession in 1991 sales/profits went through the roof. Every other business was falling over.
Now that was a genuine recession, not like the GFC, which was a pussycat by comparison.
Yes. Recently met with the distribution rights owner of NZ Natural ice cream in Vietnam. Guy has made a motza, even though he is positioned in the premium space.
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Foxy
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Zero is coming...

Matthew
30 Aug 2016, 04:13 PM
It is an incredibly complex set of criteria that will determine price movements Dimbo. But as you are trying to peg any growth in residential property prices to population growth of 80,000 people and a few shark attacks the intricacies of what actually happens will forever elude you.

So your position is all property price growth in Perth is solely determined by the pound, shark attacks and Pommy house prices?

You are f***ed in the head Dim, no other word for it.

Price falls have not mitigated his selling fees, rent or re-entry fees. He has not broken even. He is behind.
Thats it Mathew, have a good shout and let it all out.

Gold and lithium baby.

Oh and Margaret River dude...
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Rufus
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Terry
1 Sep 2016, 08:52 PM
Yes. Recently met with the distribution rights owner of NZ Natural ice cream in Vietnam. Guy has made a motza, even though he is positioned in the premium space.
I would assume he/she is benefitting from the trend towards European foods in Asia.
I have distributed soft serve but it was such an insignificant part of the business, and so different to quality ice cream that I couldn't comment on that.

It's hard to sell champagne and caviar in a recession. It's good insurance to carry some staples and have decent volume sales to cover downturns. The margins are lower, but the high volumes make it profitable.
Edited by Rufus, 1 Sep 2016, 10:11 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Jimbo
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Matthew
1 Sep 2016, 05:26 PM
If you disagree please provide a link to an alternative position from an industry recognised source instead of just saying the published opinion is wrong.
When you provide a link to an industry recognised source who states that 12,000 sales listings and a 3% vacancy rate are the tipping point for Perth prices.
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.
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Jimbo
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Matthew
1 Sep 2016, 05:26 PM
Again if you disagree please provide a link to an alternative position rather than just saying it is wrong. Easiest way would be for you to go through the REIWA land listings and honestly assess how many properties will be built on that land. I have done the first 200. It comes out at 1.11. Pretty close. Why don't you actually do some research for a change instead of just being a c unt.
Again, please provide a link to anyone (other than yourself) who states that all new supply is a function of REIWA reported land sales multiplied by 1.09.

Bet you cun't. (sorry, can't).
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.
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