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Perth - The Bottom is Here
Topic Started: 22 Oct 2016, 04:10 PM (21,324 Views)
Khaderbhai
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Wealthy Suburbanite

Terry
28 Oct 2016, 04:39 PM
OK, so I guess that's your way of saying you don't know. Furthermore, the idea that house prices are driven by the export of services from NSW and manufacturing from Vic is garbage.
It's mainly (but not entirely) about interest rates Roddy, however I don't think you're capable of understanding it at all.
Edited by Khaderbhai, 28 Oct 2016, 04:49 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Terry
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Khaderbhai
28 Oct 2016, 04:48 PM
It's mainly (but not entirely) about interest rates Roddy, however I don't think you're capable of understanding it at all.
Righto mother cat. One robust method of demonstrating that would be via regression. But considering maths is waffle to you, best you stick with the repertoires and cycles.
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Khaderbhai
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Wealthy Suburbanite

Terry
28 Oct 2016, 04:55 PM
best you stick with the repertoires and cycles
Repertoires and stuff. That's great Roddy.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Rufus
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Terry
28 Oct 2016, 04:39 PM
Furthermore, the idea that house prices are driven by the export of services from NSW and manufacturing from Vic is garbage.
You didn't notice the change or what it means to the economy - fair enough, keep trying.

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Edited by Rufus, 28 Oct 2016, 05:04 PM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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newjez
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Rufus
28 Oct 2016, 03:24 PM
It's an obvious cycle if you think about it.

Demand for iron ore rises, ore price rises, economy in WA heats up, value of $AUD rises, people spend because their buying power increased, RBA hike rates to counter the inflation caused by the extra spending, the combination of a higher $AUD and interest rates depress the states of NSW and Victoria because Vic depends on manufacturing and NSW exports services, and meantime WA and the coal areas of Qld boom.

Then it all reverses and Melbourne and Sydney boom.
But I thought Matthew and the other accounts linked to Matthew says that Perth rises were nothing to do with iron ore?
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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Terry
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Rufus
28 Oct 2016, 05:04 PM
You didn't notice the change or what it means to the economy - fair enough, keep trying.

Do you have a narrative with that chart? Or are you simply excited by an upward-sloping line. I, for one, think exports are good for an economy.

Back to the crux of it, flitting from positions such as "house prices are a reflection of prosperity" and "house prices are unrelated to mining booms" are mere statements of fancy without robust, quantitative-based proofs. Similarly with cycles, which work well when communicating overly simplistic ideas about how economies work without understanding the complexity of the wider macro- and micro-economic environments.
Khaderbhai
28 Oct 2016, 04:58 PM
Repertoires and stuff. That's great Roddy.
Your handiwork MC, therefore there is no chance to reach beyond the most basic maths taught in schools. Without the repertoire, it would have less relevance.
Edited by Terry, 28 Oct 2016, 06:15 PM.
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herbie
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Terry
28 Oct 2016, 05:45 PM
Back to the crux of it, flitting from positions such as "house prices are a reflection of prosperity" and "house prices are unrelated to mining booms" are mere statements of fancy without robust, quantitative-based proofs.
Cummon Tezza, here's you questioning tha concept that house prices might be related ta mining booms only yesterday where ta quote you ya say:

"Remember, there is no "evidence" of economic booms (commodities or not) driving house prices. In Australia anyway."

http://australianpropertyforum.com/single/?p=10007834&t=10577921

Face it dude, ya a head f***ed head f*** - Go 'n book yaself in some place ya can get some help ...

Edited by herbie, 28 Oct 2016, 06:34 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Terry
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herbie
28 Oct 2016, 06:34 PM
Cummon Tezza, here's you questioning tha concept that house prices might be related ta mining booms only yesterday where ta quote you ya say:

"Remember, there is no "evidence" of economic booms (commodities or not) driving house prices. In Australia anyway."

http://australianpropertyforum.com/single/?p=10007834&t=10577921

Face it dude, ya a head f***ed head f*** - Go 'n book yaself in some place ya can get some help ...
Echoing the emptiness of suburban mythology Jethro.
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herbie
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Terry
28 Oct 2016, 06:46 PM
Echoing the emptiness of suburban mythology Jethro.
So some more worthless waffle remains tha best ya can do.

Hmmm - Time ta partake in a movie wot might prove at least somewot entertainin' ta a know nuthin' sub-urbanite like me methinks ... :)
Edited by herbie, 28 Oct 2016, 06:56 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Terry
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herbie
28 Oct 2016, 06:52 PM
So some more worthless waffle remains tha best ya can do.

Hmmm - Time ta partake in a movie wot might prove at least somewot entertainin' ta a know nuthin' sub-urbanite like me methinks ... :)
Well yes Jethro. Understanding how mythology is accepted into belief systems probably has little relevance to you.
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