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Remember how 2016 was meant to be the year the housing bubble started to seriously deflate?; Silly bears wrong yet again...
Topic Started: 4 Jan 2017, 09:35 AM (4,277 Views)
Khaderbhai
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Wealthy Suburbanite

http://www.smh.com.au/business/the-economy/australias-new-five-speed-property-market-20170103-gtl4y0.html

So remember how 2016 was meant to be the year the housing bubble started to seriously deflate? Well in the major city markets of Sydney and Melbourne little oxygen escaped with dwelling values rising more than 15 per cent and more than 13 per cent respectively.

The love affair with residential property doesn't appear to be over yet.

The yearly gains were boosted by a surge in prices over December after more modest gains in November - an outcome that few had anticipated.

With capital growth of still more than 10 per cent for 2016 calendar across the five biggest capital cities combined it's easy to see why investors demand for residential property remained strong - despite attempts by regulators to limit finance to cool demand and by banks to increase the cost of investor borrowing.
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
4 Jan 2017, 09:35 AM
... Well in the major city markets of Sydney and Melbourne little oxygen escaped with dwelling values rising more than 15 per cent and more than 13 per cent respectively ...
No wunder poor ole Frummy's bin a tad sulky of late.

Remember tha year Brisvegas went up 17% (2007 it woz) - 'N I woz a bear - 'N didn't enjoy it one little bit either! - LOL LOL LOL
Edited by herbie, 4 Jan 2017, 09:51 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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Khaderbhai
4 Jan 2017, 09:35 AM
The love affair with residential property doesn't appear to be over yet.

But when that "Time" comes what will you do?

Its obvious by the the statement that you know that time is coming...

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Rufus
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Simon_S
4 Jan 2017, 10:01 AM
But when that "Time" comes what will you do?

Its obvious by the the statement that you know that time is coming...
Honest advice Simon, you need to read this thread -

http://www.macrobusiness.com.au/2017/01/house-price-inflation-soars-2016/

In fact everyone should.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
4 Jan 2017, 10:07 AM
Honest advice Simon, you need to read this thread -

http://www.macrobusiness.com.au/2017/01/house-price-inflation-soars-2016/

In fact everyone should.
So now you want to offer me "Honest Advice"?

But you didn't say what you will do when they stop.......

Funny that.

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Rufus
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Simon_S
4 Jan 2017, 10:15 AM
So now you want to offer me "Honest Advice"?

But you didn't say what you will do when they stop.......

Funny that.
No I was really giving advice to people with an IQ higher than their shoe size, not so much you.

If people take the time to read that thread, they will find out what happens when they listen to idiots like you. But it's not advice from me, it's the advice from people who have suffered significant losses by not buying a house. People like you just aren't smart enough to think of the risk of not buying, your lack of peripheral vision only allows you to see the loss from one side. Perhaps there is some remedial course of therapy you can take.
Edited by Rufus, 4 Jan 2017, 10:23 AM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
4 Jan 2017, 10:22 AM
No I was really giving advice to people with an IQ higher than their shoe size, not so much you.

If people take the time to read that thread, they will find out what happens when they listen to idiots like you. But it's not advice from me, it's the advice from people who have suffered significant losses by not buying a house. People like you just aren't smart enough to think of the risk of not buying, your lack of peripheral vision only allows you to see the loss from one side. Perhaps there is some remedial course of therapy you can take.
You did not answer the question.

What will you do when it ends?

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Rufus
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Simon_S
4 Jan 2017, 10:26 AM
You did not answer the question.

What will you do when it ends?
Stop embarrassing yourself, put the keyboard away and read a book, go to school, get a job, do something, but don't post anywhere, the world is full of stupid, it doesn't need any more.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
4 Jan 2017, 10:28 AM
Stop embarrassing yourself, put the keyboard away and read a book, go to school, get a job, do something, but don't post anywhere, the world is full of stupid, it doesn't need any more.
Again:

What will you do when it ends?

Is the question too hard for you to answer? Or the reality to hard to contemplate?

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Terry
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Rufus
4 Jan 2017, 10:22 AM
No I was really giving advice to people with an IQ higher than their shoe size, not so much you.

If people take the time to read that thread, they will find out what happens when they listen to idiots like you. But it's not advice from me, it's the advice from people who have suffered significant losses by not buying a house. People like you just aren't smart enough to think of the risk of not buying, your lack of peripheral vision only allows you to see the loss from one side. Perhaps there is some remedial course of therapy you can take.
Robert Shiller was hounded by the media for similar crimes against the suburbanites: If the suburbanites had listened to Shiller and not behaved as the majority believed, they would have lost an opportunity. Similar accusations of "not smart enough" and "low IQ" would have been bandied around the BBQs of North America as they are in the in the digital space today (insulting intelligence doesn't require any credentials).
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