Welcome Guest [Log In] [Register]


Reply
Sydney property owners making $200,000 a year for 'doing nothing'; Bringing home the bacon
Topic Started: 3 Sep 2016, 05:24 AM (19,113 Views)
Simon_S
Member Avatar


skamy
13 Sep 2016, 11:09 AM
I think the Central banks have learned a few things from this recession. I do not think any human being can fully manipulate anything. However as credit gets released to the market again things will recover.

So by this statement your telling me that Central Banks Restricted Money supply...................During and After the GFC?

And Now they will Release credit further as..............Markets Recover?

Profile "REPLY WITH QUOTE" Go to top
 
skamy
Member Avatar


Simon_S
13 Sep 2016, 01:21 PM
So by this statement your telling me that Central Banks Restricted Money supply...................During and After the GFC?

And Now they will Release credit further as..............Markets Recover?
This is what happens during every downturn - have you never noticed it before?

You sneer at the truth because you are stuck in a doomster paradigm designed to appeal to people like yourself. You see injustice and greed - yet you know no means to help matters so you swallow a fantasy that the whole system will collapse - the carrot is always the cheap house.

You are sold a fantasy that you will be left laughing as you gather up the homes belonging to your more successful peers and you seriously believe that this will just happen "just like that" (as Tommy Cooper used to say when he pulled another rabbit out of a hat)




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.
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


skamy
13 Sep 2016, 01:30 PM
This is what happens during every downturn - have you never noticed it before?


Great can you provide evidence of when and where QE ZIRP and NIRP were used in previous downturns?


I think this is where you conveniently disappear from the discussion as you cannot substantiate your Bullshit......

Whats Ben Bernanke talking about here.....

Chairman Ben S. Bernanke
At the Stamp Lecture, London School of Economics, London, England
January 13, 2009
The Crisis and the Policy Response


Quote:
 
The Committee's aggressive monetary easing was not without risks. During the early phase of rate reductions, some observers expressed concern that these policy actions would stoke inflation


Quote:
 
The Fed's monetary easing has been reflected in significant declines in a number of lending rates, especially shorter-term rates, thus offsetting to some degree the effects of the financial turmoil on financial conditions.

Quote:
 
Because interbank markets are global in scope, the Federal Reserve has also approved bilateral currency swap agreements with 14 foreign central banks. The swap facilities have allowed these central banks to acquire dollars from the Federal Reserve to lend to banks in their jurisdictions, which has served to ease conditions in dollar funding markets globally.


Edited by Simon_S, 13 Sep 2016, 01:47 PM.
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


skamy
13 Sep 2016, 11:09 AM
Your biggest mistake is your world paradigm which conveniently has a class of people defined as "the common man" to whom you place yourself superior to.

This is a classic Terry world view.

In my world view there is a lot of wisdom in the views of the common man and being part of the group defined as the common man is a valuable position to be in.
Just a general observation Skamy, but there seems ta be a clique of 'smarties' these days wot reckon it's smart ta reject tha 'folk wisdom' of 'tha ages' - Without giving much thought ta tha fact that tha folk wisdom of tha ages was acquired over ages 'n has pretty much stood 'us' in reasonably good stead for ages --- Are they smarter than me ... Quite probably? But will their active rejection of tha folk wisdom of tha ages benefit them 'n theirs more than my acceptance of it has benefited me 'n mine ... Rather less probably I reckon?

'N damn, don't they seem ta be capable of gettin' their tights in a twist over it! - :)
Simon_S
13 Sep 2016, 01:37 PM
blah blah
Jeez, it's got red bold shit in it - It must be another post from Simon ... :)

Hmmm - 'N just thinkin' about it, ya weren't a silver spooner either, wot's daddy could affords ta keep linin' ya up agin 'n agin until ya eventually DID pass. So yep, my 'law of averages' punt still remains ya IQ is above 85 Skamy - Despite all 'n any of Sno Flake's protestations/prognostications ta tha contrary ... :)
Edited by herbie, 13 Sep 2016, 02:40 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


A cottage in Surrey, bought for £350 in 1946 and on the market today for £995,000 with Knight Frank
Posted Image

http://www.telegraph.co.uk/property/sell/from-350-to-1-million-the-homes-that-havent-been-sold-since-the/
Edited by Bardon, 13 Sep 2016, 03:04 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Jon Snow
Member Avatar


skamy
13 Sep 2016, 11:09 AM
Your biggest mistake is your world paradigm which conveniently has a class of people defined as "the common man" to whom you place yourself superior to.

Only in intelligence. The common man is much superior to me in violence, as demonstrated on this forum often.
Quote:
 
In my world view there is a lot of wisdom in the views of the common man and being part of the group defined as the common man is a valuable position to be in.

Well sure, if you are a penguin, then it is warmest in the middle. But only the penguins on the edge see the polar bear heading towards them.
Posted Image
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
 
Trollie
Member Avatar


Jon Snow
13 Sep 2016, 08:50 PM
Well sure, if you are a penguin, then it is warmest in the middle. But only the penguins on the edge see the polar bear heading towards them.
Posted Image
No the penguins on the outside freeze to death because they refuse to buy into this nonsense about the middle being warm.
"It's not the right time to buy into the inner ring, it's over priced and it's just a crowded shit hole anyway" they said.



Profile "REPLY WITH QUOTE" Go to top
 
Jon Snow
Member Avatar


herbie
13 Sep 2016, 02:00 PM
Just a general observation Skamy, but there seems ta be a clique of 'smarties' these days wot reckon it's smart ta reject tha 'folk wisdom' of 'tha ages' - Without giving much thought ta tha fact that tha folk wisdom of tha ages was acquired over ages 'n has pretty much stood 'us' in reasonably good stead for ages --- Are they smarter than me ... Quite probably? But will their active rejection of tha folk wisdom of tha ages benefit them 'n theirs more than my acceptance of it has benefited me 'n mine ... Rather less probably I reckon?

Sure. Penicillin is a conspiracy and whenever I am feeling under the weather I find some leeches to draw the evil spirits out of my body.

Did you cut your teeth on this age old pearls of wisdom?

I'm guessing you round the night off with one of these Herbs ...

Posted Image


Trollie
13 Sep 2016, 08:57 PM
No the penguins on the outside freeze to death because they refuse to buy into this nonsense about the middle being warm. <br />"It's not the right time to buy into the inner ring, it's over priced and it's just a crowded shit hole anyway" they said.<br /><br /><br />
^^^

Proof that penguins are smarter than Trollie.
Edited by Jon Snow, 13 Sep 2016, 09:00 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
 
A Lurker
Default APF Avatar


Jon Snow
13 Sep 2016, 08:50 PM


Well sure, if you are a penguin, then it is warmest in the middle. But only the penguins on the edge see the polar bear heading towards them.
Posted Image
Yes good analogy. Property bears fretting about a crash are about as smart as penguins that are on the lookout for polar bears.
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Jon Snow
13 Sep 2016, 08:59 PM
I'm guessing you round the night off with one of these Herbs ...

Posted Image
That looks a bit more like it might have bin a 'fad' - Rather than 'wisdom of tha ages' Jon?
A Lurker
13 Sep 2016, 09:34 PM
Yes good analogy. Property bears fretting about a crash are about as smart as penguins that are on the lookout for polar bears.
Think I read once that polar bears can swim a long way - So it could happen, No? ... :)
Edited by herbie, 13 Sep 2016, 10:09 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
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