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The high cost of snake oil
Topic Started: 7 Jan 2017, 10:18 AM (10,299 Views)
Trollie
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Simon_S
8 Jan 2017, 08:23 PM
Next you will tell us that DEBT is real WEALTH.
Debt creates it. Can you figure out how it works?
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Simon_S
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Trollie
8 Jan 2017, 08:35 PM
Debt creates it. Can you figure out how it works?
Oh is that why you spend 30 years paying it off..........

Its wealth after 30 years of sacrifice.....

AHAHAHAHAHAHHAHAHAHAHAHAHHAHAHHAHA
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Chris
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Trollie
8 Jan 2017, 08:20 PM
Why do they need to cash it out? To satisfy you?

There's a ton of ways to take advantage of that rise in value that's already been covered on here a million times.
Your complicating things but what I've asked you is very simple. Cashing out would mean realising profit, that's not to satisfy me that's just a reality.

This is beside the point because it avoids my question, based on that specific scenario how does that individual realise the actual $2mil increase as a net value?

You have avoided the original question, you really need to answer it before you get relegated to APF dunce 😁
Edited by Chris, 8 Jan 2017, 10:33 PM.
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herbie
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Chris 'n Simon has 'obviously' wiped tha floor wif ya's all wif their combined brilliance - So's when exactly is it that Melbourne house prices will commence their 40% decline as a consequence?

Might tomorrow be a bit soon ta hope for??

Hey, just f***in' askin'??? ... :)
Edited by herbie, 8 Jan 2017, 09:31 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Chris
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herbie
8 Jan 2017, 09:26 PM
Chris 'n Simon has 'obviously' wiped tha floor wif ya's all wif their combined brilliance - So's when exactly is it that Melbourne house prices will commence their 40% decline as a consequence?

Might tomorrow be a bit soon ta hope for??

Hey, just f***in' askin'??? ... :)
I've never been comfortable with the obligatory figure of 40%. Let's make it 41% plus, it seems to have a more seamless flow to it.

You bloke keep conjuring up this 40% figure to the point it now seems inevitable, be careful what you wish for my friends.
Edited by Chris, 8 Jan 2017, 10:04 PM.
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herbie
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Khaderbhai
7 Jan 2017, 09:05 PM
Steve Keen is most recognised for his imminent 40% crash prediction in 2008 when he sold his Sydney home. Sydney house prices have more than doubled since then.
I reckon I'd feel like a bit of a dill if I woz him.
Edited by herbie, 8 Jan 2017, 10:28 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Chris
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herbie
8 Jan 2017, 10:28 PM
I reckon I'd feel like a bit of a dill if I woz him.
Why is that?
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A Lurker
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Rent v Buy solved by Jessica Irvine.
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Chris
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A Lurker
9 Jan 2017, 08:01 AM
Rent v Buy solved by Jessica Irvine.
She opens with "Of course, for many, there is no choice at all. Lacking the substantial deposit required to enter the property market in many Australian cities, they rent by default."

Something you all fail to acknowledge or even understand.
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Rufus
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Chris
9 Jan 2017, 08:51 AM
She opens with "Of course, for many, there is no choice at all. Lacking the substantial deposit required to enter the property market in many Australian cities, they rent by default."

Something you all fail to acknowledge or even understand.
When Keen gave young people the advice to not buy and wait for the inevitable crash, he created increased demand for rental properties.

I often wonder what our market would be like if he (and a few others) hadn't started that shift away from PPOR ownership for the next generation.
Did he inadvertently create this situation, would there be a higher % of home ownership amongst Gen X and Y if he hadn't pushed his views so strongly in the media?
Take risks - if you win you will become wealthy, if you lose you will become wise
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