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12% real decline from peak for Perth house prices
Topic Started: 15 Dec 2016, 08:08 AM (8,470 Views)
Ex BP Golly
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Khaderbhai
16 Dec 2016, 01:41 PM
Can't see mortgage rates getting back up to 18% any time soon. It would destroy the economy and that's why it won't be allowed to happen.
This folks, is the whole belief system that underlies the ponzi.

Investers who think they are a protected species.

Interest rates won't go up, because it would intrude upon the daydreams of people like Shadobhai :wak:






Trollie
16 Dec 2016, 02:36 PM
See this is why the bears are a bunch of world class suckers.

Golly is too stupid to stop and ask himself why does the chart start at 1978.
When would you like it to start? During Shadobhais mythical decade of financial deregulation the 1990s?
Edited by Ex BP Golly, 16 Dec 2016, 02:45 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Ex BP Golly
16 Dec 2016, 02:41 PM

When would you like it to start?
The earliest dataset possible of course.
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Ex BP Golly
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Trollie
16 Dec 2016, 02:44 PM
The earliest dataset possible of course.
3+ decades not enough for a toerag like you?
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Khaderbhai
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Ex BP Golly
16 Dec 2016, 02:41 PM
This folks, is the whole belief system that underlies the ponzi.

Investers who think they are a protected species.

Interest rates won't go up, because it would intrude upon the daydreams of people like Shadobhai :wak:
Nothing to do with investors. It's the regular homeowners, who make up 70% of voters, who are the protected species.

That fact that you don't understand this is just one of the reasons why you and the other bears keep miscalling the housing market.
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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Ex BP Golly
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Khaderbhai
15 Dec 2016, 03:54 PM
The investor share of housing loans is not much higher today than it was in 2003...

Posted Image

Going to squeal about this selective use of charts Trollop?
Khaderbhai
16 Dec 2016, 02:48 PM
Nothing to do with investors. It's the regular homeowners, who make up 70% of voters, who are the protected species.

That fact that you don't understand this is just one of the reasons why you and the other bears keep miscalling the housing market.
Any homeowners who went through the NSW Homefund scheme like to let Shoddy know how much politicians care for home owners?
Edited by Ex BP Golly, 16 Dec 2016, 02:53 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Rastus2
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Khaderbhai
16 Dec 2016, 01:41 PM
Can't see mortgage rates getting back up to 18% any time soon. It would destroy the economy and that's why it won't be allowed to happen.

Straw Man ... who said they were going to 18% any time soon ?

They don't need to get to 18% to cause major pain in the mortgage belt.
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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Khaderbhai
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Ex BP Golly
16 Dec 2016, 02:50 PM
Any homeowners who went through the NSW Homefund scheme like to let Shoddy know how much politicians care for home owners?
I don't believe that small handful of homeowners constituted a large voting body.

Whereas the 70% of the voting population who own a home form quite an important group for politicians to keep on-side.
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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Ex BP Golly
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Khaderbhai
16 Dec 2016, 03:02 PM
I don't believe that small handful of homeowners constituted a large voting body.

Whereas the 70% of the voting population who own a home form quite an important group for politicians to keep on-side.
Belief!
That's nice for you.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Khaderbhai
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Ex BP Golly
16 Dec 2016, 03:43 PM
Belief!
That's nice for you.
Yes, it has served me well.
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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popey
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Khaderbhai
16 Dec 2016, 02:48 PM
That fact that you don't understand this is just one of the reasons why you and the other bears keep miscalling the housing market.
how can they be miscalling when the WA house market is indeed down?
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