"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."
Some forum members have been struggling to calculate the real decline from peak for Perth house prices.
One forum member in particular seems suddenly and unusually interested in the plight of the Perth property investor?
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.
"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."
One forum member in particular seems suddenly and unusually interested in the plight of the Perth property investor?
one by one as the situation changes for them they will become very interested, then they one by one will tell everyone that it was them that predicted the normalization of Perth property prices.
Hopeless people.
But we did try to warn them.
Khaderbhai
15 Dec 2016, 08:24 AM
I plan to be a Perth investor myself when the market bottoms next year, so yes I've been watching Perth for a while.
I plan to be a Perth investor myself when the market bottoms next year, so yes I've been watching Perth for a while.
Yes I agree, Perth is good buying, but getting a tenant is the issue, but rental vacancies are falling. Looking attractive.
On the nominal side, it has only fallen 7.4%. So those who sold paid about 2.5% agents fees, and they will pay about 4% to 5% in stamp duty to get back in, what a waste of time that would be.
Take risks - if you win you will become wealthy, if you lose you will become wise
Yes I agree, Perth is good buying, but getting a tenant is the issue, but rental vacancies are falling. Looking attractive.
On the nominal side, it has only fallen 7.4%. So those who sold paid about 2.5% agents fees, and they will pay about 4% to 5% in stamp duty to get back in, what a waste of time that would be.
What about the interest bill??
And you are stating what has happened, Foxbat stated what he thought would happen, and it is still happening...
He has shown me properties that on his figures are 100% wipeouts for the owners.
From the peak.
You see this game only works if you have never ending capital gains, it is a wipeout if that stops.
You have either not understood that yet or refuse to understand it, hoping that capital gains recovers.
Ask the Port Hedland and Karratha investors what they think...
"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."
Perth needs a new slogan to attract tourism and business investment. Hmmm....
Come to Perth--Cheap as Chips
Someone like you could never enjoy Perth - you are too up yourself for this place. It is really just one big suburbia by the sea.
Ex BP Golly
15 Dec 2016, 03:15 PM
Most people being home owners with the big idea of living in their abode.
We'll see what happens next time, now that there are so many cross collateralized, massively leveraged investors in the market.
Can they hold on? Maybe if they buy enough mechanically reclaimed mince futures.
You are such a fibber - massively leveraged investors are a figment of your imagination. For almost 10 years banks have been lending very cautiously and for the last 10 years in Perth investors have been slim on the ground.
Don't let the facts interfere with your black fantasy land.
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.
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