Yeah my eyes are tired from reading all those Documents and Papers from major Economic Organisations like the IMF OECD World Bank US FED RBA BOJ and many others.
You know, the ones you keep asking me to stop quoting.
He has nailed nothing. A homes valuation is a guesstimating based on its perceived value in the market st any given time. If you are living in the home as a PPOR and have no other investments then the value of the home means absolutely nothing. The realisation of that wealth can only be realised if;
1. They sell it and don't buy anything else (obviously an extremely short term plan); 2. They use the equity to buy an IP(s); 3. Use the equity to buy shares; 4. Use equity to buy a business;
All a part from 1. come with an absolute reliance that prices rise forever, or at very least until you retire and can sell the investments and realise the wealth whilst retaining a PPOR.
To state the first couple is wealthier because they own a home is extremely narrow minded and ignores almost all logic in relation to economics. In that moment in that time based on that scenario they are but it's all theoretical unless they sell or do something to realise the equity.
He has nailed nothing. A homes valuation is a guesstimating based on its perceived value in the market st any given time. If you are living in the home as a PPOR and have no other investments then the value of the home means absolutely nothing. The realisation of that wealth can only be realised if;
1. They sell it and don't buy anything else (obviously an extremely short term plan); 2. They use the equity to buy an IP(s); 3. Use the equity to buy shares; 4. Use equity to buy a business;
All a part from 1. come with an absolute reliance that prices rise forever, or at very least until you retire and can sell the investments and realise the wealth whilst retaining a PPOR.
To state the first couple is wealthier because they own a home is extremely narrow minded and ignores almost all logic in relation to economics. In that moment in that time based on that scenario they are but it's all theoretical unless they sell or do something to realise the equity.
The kouk is s f***wit.
Is that how you reconcile your decision to hold out for the big crash?
He has nailed nothing. A homes valuation is a guesstimating based on its perceived value in the market st any given time. If you are living in the home as a PPOR and have no other investments then the value of the home means absolutely nothing. The realisation of that wealth can only be realised if;
1. They sell it and don't buy anything else (obviously an extremely short term plan); 2. They use the equity to buy an IP(s); 3. Use the equity to buy shares; 4. Use equity to buy a business;
All a part from 1. come with an absolute reliance that prices rise forever, or at very least until you retire and can sell the investments and realise the wealth whilst retaining a PPOR.
To state the first couple is wealthier because they own a home is extremely narrow minded and ignores almost all logic in relation to economics. In that moment in that time based on that scenario they are but it's all theoretical unless they sell or do something to realise the equity.
The kouk is s f***wit.
Wow! Cognitive dissonance at its best on open display. Sure, the couple that bought the house when it was far cheaper and paid a chunk off their mortgage are not actually wealthier than the renting couple - no problem.....
For Aussie property bears, "denial", is not just a long river in North Africa.....
Interesting. Would you like to share more information about the discredited Nobel frauds? Discredited by who? The Fairfax editorial team? Kooky?
I'm still waiting for you to tell me all about Dylan's ground breaking research roddy.
Sydneyite
8 Jan 2017, 11:35 AM
Wow! Cognitive dissonance at its best on open display. Sure, the couple that bought the house when it was far cheaper and paid a chunk off their mortgage are not actually wealthier than the renting couple - no problem.....
Yeah I was pretty gob smacked at the level of stupid from chris as well.
It's like saying my super is theoretical and my shares are theoretical because I can't spend it from an ATM.
It's like saying my super is theoretical and my shares are theoretical because I can't spend it from an ATM.
I'm not surprised at you stupidity because you flaunt it on a regular basis, your last comment was case in point. Super is a form of savings, it is not the basic amenities like the roof over your head you idiot. You must live in a PPOR as an OO at some stage, the value of that home is irrelevant if it is your one sole investment or asset, whether it is worth $6m or $300k it was make no difference as it's meaningless.
House values rises does not make people in the aforementioned position (PPOR nil other asset/IPs) richer, this is a suburbanite illusion. The appreciation of a home and subsequent equity derived from it needs to be put into investments that appreciate to realise any real wealth. All of these have significant risk and do not work short/medium term without continual price escalation.
Are you so financially inept you can't understand this? f***, are you the Kouk?
Trollie
8 Jan 2017, 11:34 AM
Is that how you reconcile your decision to hold out for the big crash?
Again, you are an insipid little turd smear.
My comments are basic economical observations and has nothing to do with anything other than that, observations.
To state the first couple is wealthier because they own a home is extremely narrow minded and ignores almost all logic in relation to economics. In that moment in that time based on that scenario they are
That's like saying nobody is really alive because they might die in the future.
The reality is the homeowner couple is wealthier today.
Sure, that might change in the future. Either of the couples could see their wealth rise or fall in the future. But right now, the homeowners are the wealthiest.
Terry
7 Jan 2017, 10:47 PM
Would you like to share more information about the discredited Nobel frauds?
First of all Roddy, why don't you tell us about the groundbreaking research conducted by Bob Dylan and Jimmy Carter?
"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."
That's like saying nobody is really alive because they might die in the future.
The reality is the homeowner couple is wealthier today.
Sure, that might change in the future. Either of the couples could see their wealth rise or fall in the future. But right now, the homeowners are the wealthiest.
It's not the same at all.
Are you saying that you financial worth is the current value of your PPOR as an OO with no other investments or assets?
Do you believe your worth $3m because your PPOR is worth $3m although you have no other assets or investments?
"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."
First of all Roddy, why don't you tell us about the groundbreaking research conducted by Bob Dylan and Jimmy Carter?
Little point mother cat. Neither won a Nobel prize in economics. You can have all the rods and gloves singing in unison, but it's fruitless troll bait.
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