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One of the greatest property shills at work; Looks like the cavalry has arrived fellas
Topic Started: 20 Jun 2017, 06:35 PM (1,620 Views)
Chris
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https://www.domain.com.au/news/theres-nothing-new-about-the-housing-affordability-argument-mark-bouris-20170620-gwtsg3/

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Trollie
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Goodness I can see why he got you to slam your can of VB down on the table. He's told you the bleeding obvious that prime locations will always be expensive.
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Ex BP Golly
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The way he is snapping up apartments in the Astor, he'd know ;)
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Tyson
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Trollie
20 Jun 2017, 07:54 PM
Goodness I can see why he got you to slam your can of VB down on the table. He's told you the bleeding obvious that prime locations will always be expensive.
Exactly.

Looks like he's stating the obvious to me.

Sorry that he didn't have some prophecy about everything crashing and the government creating easy street for Chris.


To all you doomsday'ers, why don't you guys rent in one area and invest elsewhere if you can't afford to buy in Sydney where you live? That's the trend that's happening. That's the solution. You guys think that there's no solution and therefore there will be a crash, but people are already creating a solution. Sydney rental yield is low in comparison to house prices - the capital growth is crazy though, but if you are paying the 3% rental yield or whatever it is that Sydney investors get, while you go buy a property elsewhere for a 5 - 6% rental yield (still with good growth, just not as much as Sydney) then you'd probably be breaking even there. As in the money you pay in rent is offset by the fact that you've got an investment property that's growing in value and being paid down by the renter as opposed to just flushing money down the drain by purely renting.

If you're dead set that a Great Depression 2.0 is occurring, don't think you're going to be better off just because you don't own property. Sure the guys mortgaged up to their eyeballs and relying purely on increasing house prices are screwed but they aren't the majority. The government will introduce some sort of scheme to help the average joe family, the guys who own nothing aren't going to be the ones on top. If you've got other investments elsewhere that aren't affected by a great depression then you'll be some of the lucky ones - i.e. if Simon was legit about the way he trades, however he certainly wouldn't be the majority. Hell you even talk to Simon and he'll say he's the 1% of traders, and if he is as successful as he says then I'm sure he is the 1%. But successful traders and people who invest in other avenues to property, they probably aren't too concerned about the current rising house prices because they make their money elsewhere which offsets the affordability.

If you think you're going to swoop in and buy 10 houses at 10% of there previous value then you better have cash because I don't see the bank in that scenario being willing to hand out big loans all over again. So best case scenario you might be lucky and snag one house at a discount, that's if everything works out completely perfect for you. You're not going to turn into a millionaire with your one house either, you're not going to get some sort of special upside because you called a crash happening and it did.
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Simon_S
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Looks like the cavalry has arrived fellas


More like Custers last stand.


Tyson
21 Jun 2017, 10:24 AM

If you're dead set that a Great Depression 2.0 is occurring, don't think you're going to be better off just because you don't own property. Sure the guys mortgaged up to their eyeballs and relying purely on increasing house prices are screwed but they aren't the majority. The government will introduce some sort of scheme to help the average joe family, the guys who own nothing aren't going to be the ones on top. If you've got other investments elsewhere that aren't affected by a great depression then you'll be some of the lucky ones - i.e. if Simon was legit about the way he trades, however he certainly wouldn't be the majority. Hell you even talk to Simon and he'll say he's the 1% of traders, and if he is as successful as he says then I'm sure he is the 1%. But successful traders and people who invest in other avenues to property, they probably aren't too concerned about the current rising house prices because they make their money elsewhere which offsets the affordability.
So many false assumptions.....

1. When you lose your job it won't matter what sized mortgage you have.
2. The Govt Wont be able to save the Housing Market.......Where will the Govt get all the money from....
3. All investments will be affected by whats coming.
4. There is a Big difference between the 1% and 10% which is the accepted belief in trading circles.
5. Again Every Asset class will be affected......

Successful Traders and Investors.......Lots of them in a Boom..........Not many in a Bust.

Edited by Simon_S, 21 Jun 2017, 11:20 AM.
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Chris
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Tyson
21 Jun 2017, 10:24 AM
Exactly.

Looks like he's stating the obvious to me.

Sorry that he didn't have some prophecy about everything crashing and the government creating easy street for Chris.


To all you doomsday'ers, why don't you guys rent in one area and invest elsewhere if you can't afford to buy in Sydney where you live? That's the trend that's happening. That's the solution. You guys think that there's no solution and therefore there will be a crash, but people are already creating a solution. Sydney rental yield is low in comparison to house prices - the capital growth is crazy though, but if you are paying the 3% rental yield or whatever it is that Sydney investors get, while you go buy a property elsewhere for a 5 - 6% rental yield (still with good growth, just not as much as Sydney) then you'd probably be breaking even there. As in the money you pay in rent is offset by the fact that you've got an investment property that's growing in value and being paid down by the renter as opposed to just flushing money down the drain by purely renting.

If you're dead set that a Great Depression 2.0 is occurring, don't think you're going to be better off just because you don't own property. Sure the guys mortgaged up to their eyeballs and relying purely on increasing house prices are screwed but they aren't the majority. The government will introduce some sort of scheme to help the average joe family, the guys who own nothing aren't going to be the ones on top. If you've got other investments elsewhere that aren't affected by a great depression then you'll be some of the lucky ones - i.e. if Simon was legit about the way he trades, however he certainly wouldn't be the majority. Hell you even talk to Simon and he'll say he's the 1% of traders, and if he is as successful as he says then I'm sure he is the 1%. But successful traders and people who invest in other avenues to property, they probably aren't too concerned about the current rising house prices because they make their money elsewhere which offsets the affordability.

If you think you're going to swoop in and buy 10 houses at 10% of there previous value then you better have cash because I don't see the bank in that scenario being willing to hand out big loans all over again. So best case scenario you might be lucky and snag one house at a discount, that's if everything works out completely perfect for you. You're not going to turn into a millionaire with your one house either, you're not going to get some sort of special upside because you called a crash happening and it did.
Another demented rant full of anecdotal evidence and rhetoric.

Here's something to ponder, why has this trend of rentvest manifested itself? We'd all agree as a mainstream concept it's relatively new right?

Given there is a finite numbers of people who can own in any society (it might be a high percentage but it will never be 100%) then what do we do when people can no longer rentvest, what next?

You see you believe this shit is evolution when really it's just scrapping the bottom of the barrel.

And you pompous idiot no one has ever stated on here that if there was a crash they would by more than one home other than the bulls. Bears are looking for a home, somewhere to bring up there children and a stable base for the family unit.

You are the worst sock ever
Edited by Chris, 21 Jun 2017, 04:13 PM.
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Simon_S
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Chris
21 Jun 2017, 04:12 PM
You are the worst sock ever
Socks are all that he may have left in the Bust.......

At least his Feet will be warm..... :lol

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Matthew
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Chris
21 Jun 2017, 04:12 PM
Another demented rant full of anecdotal evidence and rhetoric.

Here's something to ponder, why has this trend of rentvest manifested itself? We'd all agree as a mainstream concept it's relatively new right?

Given there is a finite numbers of people who can own in any society (it might be a high percentage but it will never be 100%) then what do we do when people can no longer rentvest, what next?

You see you believe this shit is evolution when really it's just scrapping the bottom of the barrel.

And you pompous idiot no one has ever stated on here that if there was a crash they would by more than one home other than the bulls. Bears are looking for a home, somewhere to bring up there children and a stable base for the family unit.

You are the worst sock ever
Another demented rant full of anecdotal evidence and rhetoric.
My only hope for my three boys is that they turn out nothing at all like Chris.
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Tyson
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Simon_S
21 Jun 2017, 11:11 AM


More like Custers last stand.



So many false assumptions.....

1. When you lose your job it won't matter what sized mortgage you have.
2. The Govt Wont be able to save the Housing Market.......Where will the Govt get all the money from....
3. All investments will be affected by whats coming.
4. There is a Big difference between the 1% and 10% which is the accepted belief in trading circles.
5. Again Every Asset class will be affected......

Successful Traders and Investors.......Lots of them in a Boom..........Not many in a Bust.
1. Are you implying that everyone loses their job, everyone defaults on their mortgage, everyone loses their house and everyone lives on the street with all the houses vacant sitting on the market for sale? No, of course you're not implying that. Because not everyone will lose their job, not everyone will default on their mortgage. Everyone will struggle but it'll only be the ones that are currently treading a fine line that'll definitely be screwed (i.e. people who are mortgaged beyond their means).

2. We don't know what the government will do. It hasn't happened yet. I'm not saying the housing market will be saved, I'm not saying the government will funnel money into the housing market, I'm saying the government will do something to prevent everyone losing their house. It might be making foreign investment incredibly easy for all I know. You don't know what will happen, I don't know what will happen, we will only know what happens when it happens.

3. I agree

4. I'm not sure what point you're making there. 1%, 10% you pick, they aren't my statistics I just saw you throw a number out in a thread one day. It might've been 1% or 10%, I picked 1% but I'm happy to agree on whichever you want.

5. I agree


My point was that the people who bought houses before a crash aren't going to be the joke of society while the ones who didn't, prosper. I think in the event of a great depression, I'd also prefer to own a home (even with a mortgage), rather than hedge my bets on what will happen with rent prices among other factors.

Chris
21 Jun 2017, 04:12 PM
Another demented rant full of anecdotal evidence and rhetoric.

Here's something to ponder, why has this trend of rentvest manifested itself? We'd all agree as a mainstream concept it's relatively new right?

Given there is a finite numbers of people who can own in any society (it might be a high percentage but it will never be 100%) then what do we do when people can no longer rentvest, what next?

You see you believe this shit is evolution when really it's just scrapping the bottom of the barrel.

And you pompous idiot no one has ever stated on here that if there was a crash they would by more than one home other than the bulls. Bears are looking for a home, somewhere to bring up there children and a stable base for the family unit.

You are the worst sock ever
Oh you know the future Chris?

Please provide me your concrete facts on the future, I'd love to see it.

Of course what I said is assumptions. It's purely a counter argument to the assumptions you make because neither of us know for exact certainty.

Rentvesting is becoming popular since it's a solution to a number of contributing factors: un-affordable homes in Sydney, no one wanting to move, high Sydney house prices but low rental yield. It makes the perfect cocktail for rentvesting elsewhere, since outside of Sydney you can easily get 5%+ rental yield. Also you've got a lot of areas in Australia that have negative growth (mining towns) - another reason to rentvest. If you live in a stable area, with stable growth, with affordable housing prices then there's no reason to rentvest. Rentvesting is for specific situations with being unable to afford Sydney house prices as one of those situations. It means you can rent your nice house in Sydney that you can't afford to buy, without being locked out of property market and not profit from capital growth.

What do we do when people can no longer rentvest? That's not our situation right now, nor do we know when that situation will arise. We are a very long way away from that. Housing might be more affordable in the future, we might have more desirable cities, who knows.

It's not evolution, it's called adapting.

We need property investors, we need the ability to rent. So I'm not sure why you're so angry some people own investment properties. You're just angry you can't by the exact home you want in the exact location you want because you earn an average wage. Well get used to that, that's reality - I can't buy the house I'd like in Sydney either, but I'm working on solutions to that rather than complaining and hoping for handouts.
Edited by Tyson, 21 Jun 2017, 05:05 PM.
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Simon_S
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Tyson
21 Jun 2017, 04:48 PM
1. Are you implying that everyone loses their job,

2. We don't know what the government will do. It hasn't happened yet.

4. I'm not sure what point you're making there. 1%, 10% you pick, they aren't my statistics I just saw you throw a number out in a thread one day. It might've been 1% or 10%, I picked 1% but I'm happy to agree on whichever you want.


My point was that the people who bought houses before a crash aren't going to be the joke of society while the ones who didn't, prosper. I think in the event of a great depression, I'd also prefer to own a home (even with a mortgage), rather than hedge my bets on what will happen with rent prices among other factors.

1. You clearly are..........Unemployment ran at 30% during the Great Depression. Oh and they didn't measure employment with working 1 hour a week like they do now.

2. What Happened in 2008 then? ......What do you think Central banks and Gov'ts have been doing since.

Do you think Markets miraculously Rose by themselves....Debt has Increased during the last 9 years NOT Decreased.

4. The point is the Generally accepted belief is that 10% of the market actually make money. Not the 1% you stated.

Prefer to own......How much and with how much DEBT outstanding when this takes place?

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