Welcome Guest [Log In] [Register]


Reply
The high cost of snake oil
Topic Started: 7 Jan 2017, 10:18 AM (10,278 Views)
Chris
Default APF Avatar


Trollie
14 Jan 2017, 05:54 PM
Ahem, if they used that equity to invest in more property they are much much better off.
Bwahahaha, yeah because that's how it works, your wealth is the value of your investment only and the debt against it doesn't count.

Stop embarrassing yourself.
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Chris
14 Jan 2017, 06:11 PM
Bwahahaha, yeah because that's how it works, your wealth is the value of your investment only and the debt against it doesn't count.

Stop embarrassing yourself.
Well if you need to attribute rubbish to me to make yourself feel better go for it.

But unlike you I count both sides of the ledger, and it undeniably shows home owners and investors are more wealthy.
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Chris
14 Jan 2017, 05:42 PM
I'm a renter
Commiserations.

Quote:
 
Your first quote did not reference mortgagees in the data set
It did.
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."
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Sydneyite
14 Jan 2017, 02:12 PM
A rent-vs-buy model does not HAVE to link income growth assumptions to house price growth assumptions - there is no such thing as a prescriptive set of rules about such things. However, it might make sense to do so, if you demonstrate of course via historical data analysis what the expected / anticipated relationship between income growth and house prices might be? But remember the model may simply be modelling an individual set of circumstances - for example where the individual would expect to see wage growth that was much higher than what average / aggregate wage growth might be - in that case it would not make sense to link the two assumptions.

Anyway regardless, sure, it would be easy to link the house price growth assumption to income growth assumption via some simple heuristic, if that's what we wanted to do.
OK, so your model does not account for income growth. You "assume" something.
Profile "REPLY WITH QUOTE" Go to top
 
Chris
Default APF Avatar


Khaderbhai
14 Jan 2017, 06:30 PM
Commiserations.

That comment says a lot more about you than it does me.
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Terry
14 Jan 2017, 06:42 PM
OK, so your model does not account for income growth. You "assume" something.
You're in over your head again Roddy.
Chris
14 Jan 2017, 06:43 PM
That comment says a lot more about you than it does me.
Yes, it says I'm a very sincere, considerate and thoughtful individual.
Edited by Khaderbhai, 14 Jan 2017, 06:44 PM.
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."
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Khaderbhai
14 Jan 2017, 06:43 PM
You're in over your head again Roddy.

Yes, it says I'm a very sincere, considerate and thoughtful individual.
Mo mother cat. I explained how the model wouldn't be able to measure income growth on house prices. I was correct.
Profile "REPLY WITH QUOTE" Go to top
 
Sydneyite
Member Avatar


Terry
14 Jan 2017, 06:42 PM
OK, so your model does not account for income growth. You "assume" something.
So you build models with no assumptions do you??? hmmmmmm..... :dry:
Edited by Sydneyite, 14 Jan 2017, 07:21 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Terry
14 Jan 2017, 06:54 PM
Mo mother cat. I explained how the model wouldn't be able to measure income growth on house prices. I was correct.
Roddy, you appear to be out of your depth again.
Sydneyite
14 Jan 2017, 07:11 PM
So you build models with no assumptions do you??? :dry:
Roddy thinks we should only predict things that are known.

He actually said this when he posted with his old account... he basically said there's no point making a prediction if the outcome is uncertain. :lol
Edited by Khaderbhai, 14 Jan 2017, 07:22 PM.
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."
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Havin' read tha shit wot Tezza/Catweazle's writ for a number a yrs now, ole Jethro's slowly come ta tha considered opinion he's almost certainly no smarter than me - In fact it's even just possible he's a bit dumber than me?

But anyways, a f***in' rocket scientist he ain't.

Hmmm, 'n I tells ya all somethin' f***in' else ... It's just maybe possible that tha only genuinely sorta at least halfways smart bear we got on this site is Golly - Wot wif him havin' loaded up on wot would seem ta be just maybe genuinely productive rural property just maybes ...
Edited by herbie, 14 Jan 2017, 07:41 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
ZetaBoards gives you all the tools to create a successful discussion community.
Learn More · Register Now
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



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