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When will the Bulls eat humble pie on WA?
Topic Started: 24 Mar 2017, 12:18 AM (19,223 Views)
Rufus
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newjez
24 Mar 2017, 11:47 PM
Except that they did.
I think you will find that the bulls have been saying "don't let this opportunity get away"

Take risks - if you win you will become wealthy, if you lose you will become wise
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Rufus
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Veritas
24 Mar 2017, 12:25 AM
Indeed.

Shadow or Lord Abrakedara or whatever he calls himself now had a dummy spit the other day on this: Rent is dead money! the cycle! rent serfs! the usual shit.

Fcking idiots forget every single time that interest payments on your mortgage is dead money too and that those on the sidelines will have plenty of warning before prices start rising again.

Rufus the same. You better buy! and month after months prices fall.

Fools.
Here is Leiths recommendation for Perth, which I agree with.

https://twitter.com/BullionBaron/status/846521163102633984
Take risks - if you win you will become wealthy, if you lose you will become wise
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hidflect
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Matthew
24 Mar 2017, 09:59 AM

So you keep saying (absent of any evidence). If however that was true you could by now have paid cash for a property and continued making the same investment returns.
I've actually published a screenshot of my stock account on this forum listing my holdings and profits to date. Unlike any ANY of the Bulls here. So you're wrong. What else are you wrong about?

Every RE agent I talk to at home opens admits prices have dumped. Are they all wrong too? Now the bulls have taken to emergency fallback strategy #2. The feverish "prices have bottomed" mantra. On what basis? Where's the evidence? It's pathetic.
Posted Image
Edited by hidflect, 29 Mar 2017, 03:28 PM.
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Jimbo
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Rufus
24 Mar 2017, 06:54 PM
That statement doesn't make any sense Jimbo, want to have another go.
If investors aren't providing new stock the market must tighten. Population change is still positive.
I never said investors are not providing new stock.

I said that not many new investors are entering the market right now.

But, two or three years ago, a lot of investors were buying off the plan apartments which are now being completed or are nearing completion.

Dwelling completions are ahead of population growth.

Realestate.com.au lists 12,481 available rentals, REIWA lists 10,486.

Both numbers are up on a year ago by around 10%.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Rufus
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Jimbo
29 Mar 2017, 03:29 PM
I never said investors are not providing new stock.

I said that not many new investors are entering the market right now.

But, two or three years ago, a lot of investors were buying off the plan apartments which are now being completed or are nearing completion.

Dwelling completions are ahead of population growth.

Realestate.com.au lists 12,481 available rentals, REIWA lists 10,486.

Both numbers are up on a year ago by around 10%.
Ego's aside, when do you think you will begin to look at buying, of course we both know you will be flexible on the timetable if conditions change, but what is your rough estimation.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Jimbo
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Rufus
29 Mar 2017, 03:49 PM
Ego's aside, when do you think you will begin to look at buying, of course we both know you will be flexible on the timetable if conditions change, but what is your rough estimation.
We'd consider buying in Perth again if the local economy looked like making some long term improvement.

As it stands, Perth is a basket case which is still too reliant on resources.

And yes, I am aware that the world will always need resources, but WA is not the only place on earth with those resources. Perth needs to diversify its economy.

One of the reasons we sold was that I was concerned with what the future held for us in Perth. We are very open to moving away. We may head east to The Fraser Coast or down south to Augusta or maybe Denmark once the kids leave school. If Perth does improve, we may go more central and look at an apartment.

Price won't be the big driver. We have more than enough cash put aside to buy something pretty decent in all of the markets I have mentioned. We have the flexibility to be able to pounce if we see something too good to resist without having to worry about selling our own place.

As for the Perth market, I see at least another year of a slow grind down in prices and maybe a bigger fall if deliquencies increase and migration slows further. I know a lot of people who are struggling to balance their books at the moment where a few years ago, they were chucking money around like confetti. It is now widely accepted in Perth by both buyers and sellers, that we are in a falling market. As long as that mindset continues, prices will not be going up. Even Skamy has given up trying to spruik Perth.



Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Rufus
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Jimbo
29 Mar 2017, 05:17 PM
We'd consider buying in Perth again if the local economy looked like making some long term improvement.

As it stands, Perth is a basket case which is still too reliant on resources.

And yes, I am aware that the world will always need resources, but WA is not the only place on earth with those resources. Perth needs to diversify its economy.

One of the reasons we sold was that I was concerned with what the future held for us in Perth. We are very open to moving away. We may head east to The Fraser Coast or down south to Augusta or maybe Denmark once the kids leave school. If Perth does improve, we may go more central and look at an apartment.

Price won't be the big driver. We have more than enough cash put aside to buy something pretty decent in all of the markets I have mentioned. We have the flexibility to be able to pounce if we see something too good to resist without having to worry about selling our own place.

As for the Perth market, I see at least another year of a slow grind down in prices and maybe a bigger fall if deliquencies increase and migration slows further. I know a lot of people who are struggling to balance their books at the moment where a few years ago, they were chucking money around like confetti. It is now widely accepted in Perth by both buyers and sellers, that we are in a falling market. As long as that mindset continues, prices will not be going up. Even Skamy has given up trying to spruik Perth.


Thanks for your reply jimbo. Not quite what I was expecting but interesting.

If you have been thinking of moving then that puts you in a different position to those who want to stay and buy in Perth.

Denmark near Albany or Denmark the Nordic nation?

You will find the Fraser Coast a bit slow, but maybe that's what you want.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Foxy
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Zero is coming...

Jimbo
29 Mar 2017, 05:17 PM
We'd consider buying in Perth again if the local economy looked like making some long term improvement.

As it stands, Perth is a basket case which is still too reliant on resources.

And yes, I am aware that the world will always need resources, but WA is not the only place on earth with those resources. Perth needs to diversify its economy.

One of the reasons we sold was that I was concerned with what the future held for us in Perth. We are very open to moving away. We may head east to The Fraser Coast or down south to Augusta or maybe Denmark once the kids leave school. If Perth does improve, we may go more central and look at an apartment.

Price won't be the big driver. We have more than enough cash put aside to buy something pretty decent in all of the markets I have mentioned. We have the flexibility to be able to pounce if we see something too good to resist without having to worry about selling our own place.

As for the Perth market, I see at least another year of a slow grind down in prices and maybe a bigger fall if deliquencies increase and migration slows further. I know a lot of people who are struggling to balance their books at the moment where a few years ago, they were chucking money around like confetti. It is now widely accepted in Perth by both buyers and sellers, that we are in a falling market. As long as that mindset continues, prices will not be going up. Even Skamy has given up trying to spruik Perth.


As my mom used to say about people like Rufus, Mathew and Skamy, they have had a shit hemorrhage...

Now the forum has all the shit those clowns said about Perth, how it could only go up, how it is immune from what is happening in Port Hedland and Karratha...

Blah, blah phuckin blah.....

Where are they now????


https://www.youtube.com/watch?v=1-jFePqqoTQ

Oh,


http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Rufus
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Foxy
29 Mar 2017, 06:28 PM
As my mom used to say about people like Rufus, Mathew and Skamy, they have had a shit hemorrhage...

Now the forum has all the shit those clowns said about Perth, how it could only go up, how it is immune from what is happening in Port Hedland and Karratha...

Blah, blah phuckin blah.....

Where are they now????


https://www.youtube.com/watch?v=1-jFePqqoTQ

Oh,

Is the bottle empty yet - no problems, you will have another one somewhere.
Take risks - if you win you will become wealthy, if you lose you will become wise
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herbie
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Latest ABS stats tell me Perth established houses are only down 6.75% from their peak in mid 2014.

http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6416.0Dec%202016?OpenDocument

So it has stood up rather better than I'd of thought it would.

At least in part due ta tha effect of interest rate drops since maybes?

'N fully expect apartments could be a somewot sorrier story - But didn't bother ta specifically check.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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