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6 Weeks from Housing Collapse
Topic Started: 12 Sep 2016, 03:58 PM (13,147 Views)
Terry
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According to the International Strategic Studies Association. Quite an obscure organization, so not sure why the media has decided to frighten the rabbits with this. However, the suburbanites do not have access to the source documents. Maybe just as well. They would be printing them on A4 and burning them as effigies.

http://www.news.com.au/finance/economy/australian-economy/australia-six-weeks-from-a-housing-collapse-us-report-warns/news-story/866d2fdee41b1227ce654f66ed8d9837
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Rastus2
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Terry
12 Sep 2016, 03:58 PM
According to the International Strategic Studies Association. Quite an obscure organization, so not sure why the media has decided to frighten the rabbits with this. However, the suburbanites do not have access to the source documents. Maybe just as well. They would be printing them on A4 and burning them as effigies.

http://www.news.com.au/finance/economy/australian-economy/australia-six-weeks-from-a-housing-collapse-us-report-warns/news-story/866d2fdee41b1227ce654f66ed8d9837

I wonder who paid for them to come up with that conclusion ? :re:


Company Profile
Sector: Consumer Discretionary
Industry: Commercial Services
Sub-Industry: Professional Services
International Strategic Studies Association was founded in 1982. The company's line of business includes providing business consulting services on a contract or fee basis
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Terry
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Rastus2
12 Sep 2016, 04:58 PM

I wonder who paid for them to come up with that conclusion ? :re:


Company Profile
Sector: Consumer Discretionary
Industry: Commercial Services
Sub-Industry: Professional Services
International Strategic Studies Association was founded in 1982. The company's line of business includes providing business consulting services on a contract or fee basis
Not sure, but better hope they're not right. A couple of insights from my professional world are related to this:

-- New car sales are going mental in Australia and NZ. I think that you can make the hypothesis that the wealth effect has playing its part in the purchase decision process.

-- FMCG brands and retailers are feeling the heat globally and in Australia. This is synonymous with the end of bubbles, particularly among those sectors of suburbia with lower discretionary income.
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Rastus2
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Terry
12 Sep 2016, 05:12 PM
Not sure, but better hope they're not right. A couple of insights from my professional world are related to this:

-- New car sales are going mental in Australia and NZ. I think that you can make the hypothesis that the wealth effect has playing its part in the purchase decision process.

-- FMCG brands and retailers are feeling the heat globally and in Australia. This is synonymous with the end of bubbles, particularly among those sectors of suburbia with lower discretionary income.

Well it's pretty safe to assume that some money from developers found it's way to ISSA.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Terry
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Rastus2
12 Sep 2016, 05:35 PM

Well it's pretty safe to assume that some money from developers found it's way to ISSA.
Quite tacky exercise in my opinion. Generated from obscure resource to high trending rankings on the main digital touchpoints in the Australia / NZ media.

Very dodgy.
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A Lurker
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At least we have a time frame now. It'll either happen or it won't.
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Bardon
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I am willing to bet the house on it that they are wrong, badly wrong in a big way.
Edited by Bardon, 12 Sep 2016, 08:40 PM.
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Trollie
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Terry
12 Sep 2016, 03:58 PM
According to the International Strategic Studies Association. Quite an obscure organization, so not sure why the media has decided to frighten the rabbits with this. However, the suburbanites do not have access to the source documents. Maybe just as well. They would be printing them on A4 and burning them as effigies.

http://www.news.com.au/finance/economy/australian-economy/australia-six-weeks-from-a-housing-collapse-us-report-warns/news-story/866d2fdee41b1227ce654f66ed8d9837
News.com.au roddy, I bet you leave comments in between lattes.
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Terry
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A Lurker
12 Sep 2016, 06:15 PM
At least we have a time frame now. It'll either happen or it won't.
Well that's it. These communications are designed to influence the suburbanites' behavior and attitudes. If the market doesn't crash within 6 weeks, that will reinforce their belief systems. Reinforce their belief systems will ideally influence their behavior so they race out and buy another 2 or 3 before it's too late.
Edited by Terry, 12 Sep 2016, 07:54 PM.
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herbie
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That Mayan calendar end of tha world thingie must be gettin' pretty close now tho eh? ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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