Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 8
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 (4,283 Views)
herbie
Member Avatar


Terry
4 Jan 2017, 10:32 AM
... insulting intelligence doesn't require any credentials ...
Might ya be tellin' ya ole mate 'Jethro' this, based on ya exceptional personal expertise in, 'n just generally natural penchant for, insultin' sub-urbanites' intelligences Tezza? ... :)

... You are one particularly f***ingly Christ awfully STUPID man! - LOL! LOL!! LOL!!!
Edited by herbie, 4 Jan 2017, 11:31 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Terry
4 Jan 2017, 10:32 AM
insulting intelligence doesn't require any credentials
Lucky for you then roddy, otherwise you'd be all out of repertoire
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Terry
4 Jan 2017, 10:32 AM
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).
And yet house prices in the USA are above 2006 levels.

A whole generation of Millennials have missed out by listening to people like you, yet you take zero responsibility.
Read the comments left by the followers of MB - http://www.macrobusiness.com.au/2017/01/house-price-inflation-soars-2016/#comments

Try this one for starters -

Quote:
 
The Patrician
January 3, 2017 at 3:22 pm
lol Cross the fingers and cut teh rates
“Chinese capital controls”
“FIRB/ATO crackdown”
AML/CTF legislation
MP lol
Never happened
The cognitive dissonance is deafening
in the last 30 days the median asking price of a Sydney house has risen by about $30,000 to a new all-time record high of $1,193,400
Slowmelting to record highs
In 2013 Chris Joye warned cutting interest rates to record lows would cause house prices to dangerously inflate.
Some here said he was wrong.
Chris Joye was dead right
Some here were dead wrong
…and the same morons still want to cut rates


and this one -

Quote:
 
UptownFunk
January 3, 2017 at 7:39 pm
Damien KlASSen and MB Fund vs MB views on pertinent investment matters over last periods.
What is the MB Fund prospectus to say ???
Most of the investment calls that I can remember were ridiculously wrong…. metals and minerals = embarrassingly wrong , and the attempted rubbishing of Charlie Aitken’s view to buy them early in 2016 ; banks .. got that very very wrong ; bearish on FMG under $2.00 ( = ” FMG could fall to zero ” ) wrongly extremely bearish on RIO ( go and check ) ; Property … well, just stupid, actually.
Doesn’t help pulling punches here or being afraid to hurt feelings: It’s like this = A history of decisions and recommendations characteristic of being really really ill-equiped to manage investments. I print this to help others.
MB fund = Buyer Beware !!!!! – given the above, IMHO.
MB should stick to creating alarming/divisive political/economic headlines ; definitely not manage others’ money.


and this one -

Quote:
 
mbreader
January 3, 2017 at 10:40 pm
I think I joined the wrong side. 5 years ago our relatives tried to convince us to pickup some off-the-plan residential housing releases. At that time our holding cost for NG would only be about $10k/year. — thinking I was smarter, I warned them it would be a disaster of the impending doom lurking around the corner. Well, it looks like I was the disaster as they recently offloaded two of those new residential IPs for a $850K gain, that’s effectively an extra $170K/year income over 5 years before taxes…. They plan to stick that in some index fund which should be returning them $40k/year based on historic returns. Minimal work – huge rewards. They learnt how to work smart, I learned how to read blogs. Sometimes I wish I never read the news, it’s full of doom and gloom. Big thanks go out to MB & Zerohedge and my pessimists spirit…!@*&!@# #real-life-impact


Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Chris
Default APF Avatar


Rufus
4 Jan 2017, 12:51 PM
And yet house prices in the USA are above 2006 levels.

A whole generation of Millennials have missed out by listening to people like you, yet you take zero responsibility.
Read the comments left by the followers of MB - http://www.macrobusiness.com.au/2017/01/house-price-inflation-soars-2016/#comments






and this one -



So your advocating buying a house based on the US scenario? The average house price in America at its peak was around $250-300k, the current average in Australia is knocking on the door of $700k.

You really fail to see how precarious the current climate in housing is in this country. We are at the lofty heights but the fall will be devastating if it were to take affect. You see rufus America took a decade to recover from a significant correction based on prices that were 60% cheaper on average than we currently are, this will mean nothing to you but for those who stop and think about how significant that is they will understand.

But still your advice persists and consists of 'you may pay far to much and it may fall significantly in value but a decade later it will be worth the same as what you paid'. Leaving aside you would have a mortgage based on the highly inflated price you paid, how is this good advice? How does this make sense to you?

Edited by Chris, 4 Jan 2017, 02:06 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Why admit they were wrong now when they haven't for the last 10 years?

Especially when there's willing customers for their bullshit.
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Rufus
4 Jan 2017, 12:51 PM
And yet house prices in the USA are above 2006 levels.

A whole generation of Millennials have missed out by listening to people like you, yet you take zero responsibility.
Read the comments left by the followers of MB - http://www.macrobusiness.com.au/2017/01/house-price-inflation-soars-2016/#comments

Try this one for starters -




and this one -




and this one -



Sure. Many Glengarry Glenn Ross types would shout down Robert Shiller in a minute. Nothing to do with me. I'm more interested in the behavior driving it all.

As for the wealth implications, fewer North American suburbanites perceive themselves as middle class compared to pre-GFC when the property bubble was running rampant. Kind of makes a mockery of all the seminar nonsense.
Edited by Terry, 4 Jan 2017, 02:17 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Chris
4 Jan 2017, 02:05 PM
So your advocating buying a house based on the US scenario? The average house price in America at its peak was around $250-300k, the current average in Australia is knocking on the door of $700k.

You really fail to see how precarious the current climate in housing is in this country. We are at the lofty heights but the fall will be devastating if it were to take affect. You see rufus America took a decade to recover from a significant correction based on prices that were 60% cheaper on average than we currently are, this will nothing to you but for those who stop and think about how significant that is they will understand.

But still your advice persists and consists of 'you may pay far to much and it may fall significantly in value but a decade later it will be worth the same as what you paid'. Leaving aside you would have a mortgage based on the highly inflated price you paid, how is this good advice? How does this make sense to you?
Holy f*** Chris didn't you learn your lesson already?

Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


They haven't misses out at all. They can all buy after the House Price Collapse......

They get cheaper houses and lower debt......Win - win

Can't wait.

Edited by Simon_S, 4 Jan 2017, 02:48 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Simon_S
4 Jan 2017, 02:37 PM
They haven't misses out at all. They can all buy after the House Price Collapse......

They get cheaper houses and lower debt......Win - win

Can't wait.

Not necessarily. Their job and income security has suffered immensely, which needs to be considered.
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Terry
4 Jan 2017, 02:51 PM
Their job and income security has suffered immensely
No it hasn't - Ya just makin' shit up agin Tezza.
Edited by herbie, 4 Jan 2017, 03:05 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Fully Featured & Customizable Free Forums
Learn More · Register for Free
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 8



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy