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Australia's Haunted Housing Market; They're rising at the slowest pace in more than two decades.
Topic Started: 25 Jun 2017, 02:31 AM (2,089 Views)
Tyson
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Ex BP Golly
26 Jun 2017, 05:55 AM
Big deal.
Well I'm assuming the big deal is that you must be one of the extraordinarily dumb people who get confused by such things.

The graph shows two bars, black and white.

Black Bar = Housing Starts = Forecasts from 2016 onwards
White Bar = Household Formation = 100% Forecast

Considering 50% of the graph is household formation, and that all data is forecasts from 2016 onwards despite showing up to 2019, that means more than 50% of that graph is forecasts.

So using a graph where more than 50% of the data is made up values, I'd call that pretty wobbly data. So the big deal is that Trollie is correct, and you were too ignorant to see it - or in your words, too retarded.

You aren't the genius you parade yourself to be.
Edited by Tyson, 26 Jun 2017, 05:51 PM.
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Ex BP Golly
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Tyson
26 Jun 2017, 10:06 AM
Well I'm assuming the big deal is that you must be one of the extraordinarily dumb people who get confused by such things.

The graph shows two bars, black and white.

Black Bar = Housing Starts = Forecasts from 2016 onwards
White Bar = Household Formation = 100% Forecast

Considering 50% of the graph is household formation, and that all data is forecasts from 2016 onwards despite showing up to 2019, that means more than 50% of that graph is forecasts.

So using a graph where more than 50% of the data is made up values, I'd call that pretty wobbly data. So the big deal is that Trollie is correct, and you were too ignorant to see it - or in your words, too retarded.

You aren't the genius you parade yourself to be.
Take a drop breath.

All I did was say that it showed the opposite of what the article says.

I'm not responsible for the graph, it's use, or interpretation.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Tick Tock
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Lately even on mainstream media the Sydney/Melbourne property problem is now openly discussed and both rents and mortgages are seen as 'very expensive' (taking up more than a third of wages).

And they still hav'nt tested all the apartments that have been bought buy investors with that very dangerous cladding yet? :wak:
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Foxy
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Zero is coming...

hidflect
25 Jun 2017, 02:31 AM
Every trader I've ever seen uses a Bloomberg terminal for their news and data. See the graphs within...

Australia's Haunted Housing Market

You know that horror-film trope where some piece of ominous information is missed by all the characters? Where the dire warnings of the one wise old Cassandra who spots what's going on are inevitably ignored?

Something similar is happening in Australia's frothy housing market.
Tick tock.....


Imagine the price of food going up the same, and everyone is cheering saying how great it is.

Look my carrots have doubled in price....

My god, the ignorance.... :bl: :bl: :bl:



Dropping rents are a good thing.

Double land tax from here on in would be even better.

Edited by Foxy, 27 Jun 2017, 12:10 PM.
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