Roddy, you appear to be out of your depth again. 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.
Not at all mother cat. There is a different between what is commonly referred to as forecasting and how suburbanites subjectively feel about the dynamics behind future house prices. The latter is not forecasting or predicting.
Not at all mother cat. There is a different between what is commonly referred to as forecasting and how suburbanites subjectively feel about the dynamics behind future house prices. The latter is not forecasting or predicting.
You've never done any forecasting Terry, so how would you know, but the suburbanites have a pretty good record. Bet you wish you'd have done half as well.
Take risks - if you win you will become wealthy, if you lose you will become wise
Not at all mother cat. There is a different between what is commonly referred to as forecasting and how suburbanites subjectively feel about the dynamics behind future house prices. The latter is not forecasting or predicting.
You seem to have gone off on a tangent again Roddy.
"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."
Mo mother cat. I explained how the model wouldn't be able to measure income growth on house prices. I was correct.
What model? It's a simple rent vs buy calculation. Considering you are going to need accommodation all your life, it's a pretty simple bloody calculation.
You've never done any forecasting Terry, so how would you know, but the suburbanites have a pretty good record. Bet you wish you'd have done half as well.
Forecasting of house prices? No I haven't.
Trollie
14 Jan 2017, 09:17 PM
What model? It's a simple rent vs buy calculation. Considering you are going to need accommodation all your life, it's a pretty simple bloody calculation.
Unless I'm leveraging the value of my home to buy IPs or shares it does not matter whether my home appreciates by 300% in 10yrs or whether it doesn't appreciate a cent. You see shammy my house will rise and fall just as much as most other homes in price brackets above and below mine. As long as I'm paying down the loan I will still be able to upgrade no matter what, I dint expect you to understand this concept.
The ONLY time price rises are beneficial is when it affects investment properties or allows for more to be purchased, any assertion otherwise is just pure bullshite. This disgusting lie that people like you sprout that suggest you are richer if the home you live in rises in value, if you have no other investments leveraged off of it this is just a lie.
This is an extremely bad thing because this will financial devastate this country and many of its citizens when the music stops.
Anyway your beloved Perth will show you how wrong all this has been over the next 12 month. It will give you a great preview for Sydney/Mekbourne 2018
So are you seriously telling me that someone buying a 2 bedder on Lamrock Ave in 1990 is no better off today.
Why can you not see through the doomster myth? It is like buying a business with an income and value which triples with time.
Those buyers bought a shabby unit in a street renowned for crime - now they own on millionaire row.
The property improves with age like myself or a good wine.
Why did prices grow ? because the millionaires all ran out of places to buy in Vaucluse so they had to move down the hill.
If the buyer had decided to rent rather than buy back in 1990, they would not now be living in millionaire row would they?
The doomsters sell such shit Chris I seriously hope you wake up to them soon.
Chris
13 Jan 2017, 02:16 PM
If it crashes those who speculated on property will lose, most will be destroyed.
The difference for owner occupiers in their PPOR when prices rise due to soecukation is non existence. As long as they have been paying down p&i over 10yrs on the PPOR and not used it to leverage off (they have no investments) they will be no better or worse off in a crash. Their property may fall 15% but so does the next house they want to upgrade to so it really doesn't matter. A crash won't phase them because after 10yrs of paying down the loan they are highly unlikely to go underwater.
However if they leveraged off the PPOR to buy IPs, shares and or used equity to buy cars/holidays etc then they will be f***ed.
Do you get this or are you brain dead?
Most people do not get destroyed in crashes, that really is silly scaremongering. Even in Ireland and the US most people just waited out the downturn and save like crazy for a few years.
Renters who lose their jobs in a downturn suffer and they also suffer because people do not buy or build so rents on existing properties skyrocket - this happened in the US, Ireland and the UK and cities like Sydney and Melbourne during the GFC.
Owners suffer much less, most have significant buffers to tide them over periods of unemployment.
Most people do not leverage for silly things most people are on a mission to pay down their mortgages. They are fortunate enough to be able to access very low interest rate borrowing to but necessities like a car. Poor renters pay ridiculous rates to buy their cars.
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.
The doomsters sell such shit Chris I seriously hope you wake up to them soon.
Chris couldn't afford ta buy in Melvegas 5 yrs back Skamy.
'N he still can't afford ta buy there now.
Plus in 5 yrs time he'll most likely still not be able ta afford ta buy there either?
But tha good news is that in a charitable 'n givin' 'n humane society like ours ( ), there'll always be kindly 'n benevolent ole investor types (like you 'n me ) wot remains inclined ta helpin' him out regardin' puttin' a roof over his head - Providin' he keeps payin' tha rent PLUS tha values of our IPs sorta at least keep pretendin' they might kinda keep goin' up - As opposed ta crashin' catastrophically - Like Yunno, like sorta long termish I means ...
Hey, 'n if we should ever not be around for any reason, he's just gunna hafta ask da gubmint for a bit more of a handout I 'spose?
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