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How to escape unscathed if Australia has a housing crash
Topic Started: 5 Aug 2017, 12:44 PM (2,626 Views)
Simon_S
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Foxy
7 Aug 2017, 10:17 PM
Well done Matthew on having no debt, well done.

Notice how none of the Bulls here carry Debt...... :lol

They're all Rich with all these paid off properties..... :lol

And they haven't Bought in Years either..... :lol

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herbie
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Simon_S
7 Aug 2017, 10:20 PM
Notice how none of the Bulls here carry Debt...... :lol

They're all Rich with all these paid off properties..... :lol

And they haven't Bought in Years either..... :lol
So is ya sayin' it's only capitulated bears wot've bought in tha last decade Simons? - My, wot a fascinatin' thought ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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popey
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Simon_S
7 Aug 2017, 10:20 PM
Notice how none of the Bulls here carry Debt...... :lol

They're all Rich with all these paid off properties..... :lol

And they haven't Bought in Years either..... :lol
can I conclude that the bulls are shitting? LOL
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Foxy
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Zero is coming...

popey
8 Aug 2017, 12:51 PM
can I conclude that the bulls are shitting? LOL
If they have cashed out, no.

But if they sit on a pile of debt, maybe...
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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stinkbug
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Simon_S
7 Aug 2017, 09:51 PM
Do theses Rich People you speak of carry DEBT in a Downturn..... :lol
Sure - why not? As long as it can be serviced effectively there's no issue. I've carried debt on property (and shares too for a while) for the last 15 years, and plan to do so for probably 15 years more.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Dr Kinetoscope
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Matthew
7 Aug 2017, 01:16 PM
To look at monthly data in a suburb like Applecross when an average of 7 properties transact and think it is meaningful you would need to be a special kind of stupid.

Lets put an end to things Matthew:

The Applecross house price median across the past 10 years:

http://imgur.com/a/3w5gZ

Now that is truly atrocious Matthew, and don't think it can be explained away by sample size - the period with the least sales (59 sales in 2010) actually works in your favor! $1.62M in 2010 to $1.23M now. That's a 24% capitulation in Applecross's median house value. I shudder to think what it would be taking into account inflation.

Additionally, with rental yields glacial at 1.8% how can you possibly polish up Applecross as a worthwhile place to invest. It's a festering lemon!

I'll be at the Raffles next weekend. Are you coming for a few beers?
Edited by Dr Kinetoscope, 11 Aug 2017, 02:24 AM.
Architecture Porn
ShadBerg's torrid Macrobusiness love affair
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