Welcome Guest [Log In] [Register]


Reply
Crunch time for Australia’s booming property markets. Sydney house prices to fall 4% by 2020.; BIS Oxford Economics Residential Property Prospects 2017 to 2020 Report
Topic Started: 22 Jun 2017, 09:47 AM (4,186 Views)
Rufus
Member Avatar


GloomBoomDoom
18 Aug 2017, 03:23 PM
I spoke to the author of the original article. There was a misprint in this headline. Instead of 4% it was supposed to read 40%.
That's better - all good forecasters predict a crash of 40% - 4% falls are for wimps.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


GloomBoomDoom
18 Aug 2017, 03:23 PM
I spoke to the author of the original article. There was a misprint in this headline. Instead of 4% it was supposed to read 40%.
Hmmmph - Anything less than 400% 'twould be a mere flesh wound - LOL

https://www.youtube.com/watch?v=AAW6D21ICdg

'N Oh, Oh, Oh; Look, look, look ... They's found 'emselves a property investor! - LOL LOL LOL

https://www.youtube.com/watch?v=zrzMhU_4m-g
Edited by herbie, 18 Aug 2017, 03:45 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Rat
Member Avatar
Filthy Rodent

Chris
18 Aug 2017, 02:48 PM
Do you need to be told?
Yes please. You asked me if I believe the whole east coast is exempt from the Basic Laws of Economics.

I can't answer that unless you list those laws for me. But it seems neither you nor Simon can list them.

I googled it but all I could find were a few blogs where individuals discussed their opinions. I couldn't find any consensus on specific Laws.

If you or Simon could list them that would be great. Perhaps you could even cut and paste somebody elses opinion if you can't think of any specific Laws yourself?

Cheers.
Edited by Rat, 18 Aug 2017, 03:52 PM.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
Profile "REPLY WITH QUOTE" Go to top
 
Chris
Default APF Avatar


Rat
18 Aug 2017, 03:48 PM


I googled it but all I could find were a few blogs where individuals discussed their opinions. I couldn't find any consensus on specific Laws.

Are you saying you believe there are no rules when it cones to economics?

Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Rat
18 Aug 2017, 03:48 PM
Yes please. You asked me if I believe the whole east coast is exempt from the Basic Laws of Economics.

I can't answer that unless you list those laws for me. But it seems neither you nor Simon can list them.

I googled it but all I could find were a few blogs where individuals discussed their opinions. I couldn't find any consensus on specific Laws.

If you or Simon could list them that would be great. Perhaps you could even cut and paste somebody elses opinion if you can't think of any specific Laws yourself?

Cheers.
Since you don't read very well I'll just repost a previous Reply:

I don't think Major Financial Institutions offer much in the "Basic Laws of Economics" that you could grasp.

I can look though if you really want.

If not you can start here:

http://econpapers.repec.org/about.htm

Let me know if there's something you don't understand and I'll help you with it...... :lol

I can show you but I can't understand it for you.


Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Tha basic rule of bear economics seems to be that regardless of how many yrs and/or decades (centuries even if necessary?) they remain wrong, eventually they'll be right - Oh and when they are, they'll be really, Really, REALLY right - LOL
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Rat
17 Aug 2017, 10:39 PM
There's a bit more to it than that Chris. Credit is cheap and easy in Japan. In Perth too for that matter. Yet house prices have been going backwards for a long time.
Yes the Japanese wised up after the Bust when their so called wealth vanished and they were left with Deflating Assets.....

Same thing will happen here........And there will be nothing that can stop it.

Here's a Paper from the Bank of Japan.

BOJ: Asset Price Bubble in Japan in the 1980s:
Lessons for Financial and Macroeconomic Stability


Quote:
 
A look back over Japan’s experience since the late 1980s shows that the
emergence and bursting of the bubble played an important role in economic fluctuations
in this period. This experience clearly indicates that both financial and
macroeconomic instability is closely related to large fluctuations in asset prices, and
raises the question of what is the appropriate way to treat asset prices in macroeconomic
policymaking.
What should be noted regarding Japan’s experience is that enthusiasm of
market participants, not consistent projection of fundamentals, contributed largely to
maintaining temporarily high asset prices at that time. Such enthusiasm is often called
euphoria,1 which excessively optimistic but unfounded expectations for the long-term
economic performance last for several years and then burst.2


It Isn't Basic Economics I know but relevant to your point none the less. More savvy and informed investors may glean some insight into Asset Bubbles and Relevant outcomes.

Enjoy.... :lol

Profile "REPLY WITH QUOTE" Go to top
 
Rat
Member Avatar
Filthy Rodent

Chris
18 Aug 2017, 03:54 PM
Are you saying you believe there are no rules when it cones to economics?
I'm asking you to list the The Basic Laws of Economics, assuming you know what they are? Simon is also welcome to give it a crack.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
Profile "REPLY WITH QUOTE" Go to top
 
Chris
Default APF Avatar


Rat
18 Aug 2017, 04:40 PM
I'm asking you to list the The Basic Laws of Economics, assuming you know what they are? Simon is also welcome to give it a crack.
You really don't know do you?
Profile "REPLY WITH QUOTE" Go to top
 
Rat
Member Avatar
Filthy Rodent

Chris
18 Aug 2017, 04:43 PM
You really don't know do you?
Correct, I don't know what they are - I've already said that.

That's why I'm asking you to list The Basic Laws of Economics.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
DealsFor.me - The best sales, coupons, and discounts for you
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy