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Gittins says, "it's all bullshit"; Uneducated plebs have it wrong again!
Topic Started: 10 Dec 2016, 11:53 PM (3,530 Views)
herbie
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Terry
12 Dec 2016, 09:54 AM
Never had any intentions to live or invest in Sydney mother cat. Spent about 3-4 months there over the space of a lifetime.
Kinda begs a coupla points then don't it Tezza ...

As in where do ya wanna:

(a) Live, 'n

(b) Invest in property (if anywhere)?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Khaderbhai
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Wealthy Suburbanite

Terry
12 Dec 2016, 09:54 AM
Never had any intentions to live or invest in Sydney mother cat
That's not what you told us on Credit Crunch and Money Morning 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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Rastus2
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Khaderbhai
12 Dec 2016, 12:07 PM
That's not what you told us on Credit Crunch and Money Morning Roddy.
Can you prove this poster is the same person ?

Seems like you are just making up stuff again.
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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herbie
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Khaderbhai
12 Dec 2016, 12:07 PM
That's not what you told us on Credit Crunch and Money Morning Roddy.
'Twould be a tad disappointing were Tezza ta turn out ta be not just an egotistical dumbf***, but an actual lying dishonest egotistical dumbf***?

Any evidence K?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Khaderbhai
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herbie
12 Dec 2016, 12:34 PM
'Twould be a tad disappointing were Tezza ta turn out ta be not just an egotistical dumbf***, but an actual lying dishonest egotistical dumbf***?

Any evidence K?
He posted as "Forward Thinker" on Credit Crunch, but that site is dead now, like all the old bear forums.
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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herbie
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Rastus2
12 Dec 2016, 12:33 PM
Can you prove this poster is the same person ?
Yeah, well, but either way, it still begs tha questions as ta where Tezza does wanna:

(a) Live [now], 'n

(b) Invest in property [now] (if anywhere)?

Khaderbhai
12 Dec 2016, 01:01 PM
... He posted as "Forward Thinker" on Credit Crunch ...
Sounds like tha sorta moniker he'd adopt - LOL
Edited by herbie, 12 Dec 2016, 01:06 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Khaderbhai
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herbie
12 Dec 2016, 01:04 PM
Sounds like tha sorta moniker he'd adopt - LOL
Found one of his old Credit Crunch posts that has been preserved here on APF. He had been posting on Money Morning prior to this.

http://australianpropertyforum.com/single/?p=8539493&t=10167911

Forward Thinker
 
http://webcache.googleusercontent.com/search?q=cache:LSnrNUpB8M8J:www.creditcrunch.co.uk/topic/3555-taking-the-plunge-into-the-debate

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1,073 posts

Posted 21 February 2010 - 01:25 AM

Dear all,

This is my first ever post to the forums, even though I have visited the "bear" sites since 4 or 5 years ago. That was about the time that I was "enlightened" to certain things going on in the world economy that I could instantly visualize through the economies of NZ and Australia (I'm a Kiwi expat based in Japan). Many things didn't add up to me, particularly outside the productive sectors, and this was verified by the GFC and the rise of precious metals. At this stage, Aussie appears to be relatively immune, but I still feel uneasy about the "miracle" that is the Aussie economy and the endless hype about the property market. I've been on the front lines of capitalism in electronics and FMCG, and I have seen first hand the drastic decline in business in Japan and China, so I'm somewhat skeptical about a sustained economic boom in China. When companies such as P&G have to rely on scalability in this market, you know something is up.

Anyway, I still believe that Aussie will remain one of the most robust economies in the developed world, so I am considering moving there later in 2010. I don't own property in Australia (but I do own mining stocks, some small caps, and some gold ETFs) so I need to be able to rent a decent apartment/house in Sydney and have enough money left over to enjoy a comfortable life (my material needs are relatively few; for example, I recently bought a car after 15 years without one). I ridicule the idea that I need property for my retirement and that I will be forced to beg for food if I don't. However, of course, I will need to be able to cover my living costs. I believe that if Australia continues on the path is is on, inflation will be so far out of control that "having a roof over your head" will be irrelevant anyway. Who cares if you a house in the burbs when you can't afford to repair your roof? So I see Aussie as a good place to make money, but not a good place to live if you're not working. Perhaps that's how many other Kiwis see the country as well. One of my ex-Japan colleagues, a Swiss engineer, recently retired to Thailand where he lives a content life on approx USD1200 per month. Needless to say, he doesn't have much of a beer gut.

I think you will find many other foreigners thinking as I do about Australia, and they will head there to make money and then leave. Realistically, they will have to be on seriously good money (USD300,000+) to emigrate for good when the cost of living is so much better elsewhere. Obviously, for migrants from the 3rd World, this will be the source of Aussie's future billionaires but their parents will sacrifice their lives for them to get there. For people like me, the struggle for middle-class acceptance is not a satisfying goal. For those from the 3rd World, it is like reaching a Himalayan peak.

I look forward to taking in the debates.

-- I think Aussie will be a good place to work because of the relatively better environments for economic activity (and stimulus to some extent), but I don't think it will be a good place to settle long term for someone who doesn't aspire to a middle-class, suburban lifestyle.
-- For Aussie citizens, I think inflation will prove to be a mill stone in the long run. While some will argue that it supports asset prices, they tend to forget that inflation is a friend to nobody, even if house prices do rise 10% per year.

I aspire to independence and the ability to live life on my own terms (within reason). It's a simple philosophy but it works for me spiritually and financially. I am neither a bear or a bull because for every boom there's a bust. However, when it comes to Aussie property I can accept the possibility that the market will hit a wall, because even at this point, Australia doesn't seem to be producing the income to sustain these prices. Basically, the country lives beyond its means (and that's after the country's greatest economic expansion) and is over-reliant on private debt. I feel this so painfully obvious, yet I don't see many people out there who "get it."

Yes, you are right about house prices but you will find that most people will think of that 10% as an increase in wealth, not inflation. However, I think house prices or rent are not included in Aussie CPI figures. Nor are taxes or any other government excesses. That's why inflation figures are nothing more than a smoke screen. I actually believe that inflation is probably much higher than is officially reported. The RBA will know this, but they are not working in the interests of you and the general public. They have many interest groups to appease.
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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herbie
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Khaderbhai
12 Dec 2016, 01:11 PM
Found one of his old Credit Crunch posts that has been preserved here on APF. He had been posting on Money Morning prior to this.

http://australianpropertyforum.com/single/?p=8539493&t=10167911

Some a these dudes woulda made great Italian tank commanders in WWII ... :)

But ta get me drift ya really need ta know tha joke I 'spose - So on tha off chance ya don't here goes:

Q: How many gears does an Italian tank have?

A: Five - Four reverse ones plus a forward one for if ya attacked from tha rear ... :)
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
12 Dec 2016, 10:52 AM
Kinda begs a coupla points then don't it Tezza ...

As in where do ya wanna:

(a) Live, 'n

(b) Invest in property (if anywhere)?
You mean today Jetho? Just arrived in Hanoi. Will be here most of the week, and then to S'pore. Gloating about property is best left to those trying to impress at the BBQ. What's more, if I participate in the suburban pastime of big noting, that makes me nothing more than a suburbanite and does not fit in with my focus on anthropological insights. For example, if I were going to observe the lifestyles & attitudes of the poor in Mumbai, do you think it would impact the research if I started showing the wretched photos of idyllic vistas from a leafy inner city abode in Springfield?
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herbie
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Terry
12 Dec 2016, 03:28 PM
You mean today Jetho? Just arrived in Hanoi. Will be here most of the week, and then to S'pore. Gloating about property is best left to those trying to impress at the BBQ. What's more, if I participate in the suburban pastime of big noting, that makes me nothing more than a suburbanite and does not fit in with my focus on anthropological insights. For example, if I were going to observe the lifestyles & attitudes of the poor in Mumbai, do you think it would impact the research if I started showing the wretched photos of idyllic vistas from a leafy inner city abode in Springfield?
You are allowed ta just say ya no longer got any idea where ya wanna live 'n/or invest in property (if at all) yunno hey Tezza - Or alternatively It's none a ya business herbie - Or even that's secret men's business 'n I'm not tellin' 'cause I got plans ta make a motza from me future property investments 'n don't want no low life dumbf*** sub-urbanite like you gettin' in on me act herbie - Eh Tezza?

Tho for wotever reasons ya obviously just prefers ta waffle crap as always I sees.
Edited by herbie, 12 Dec 2016, 04:41 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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