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Affordable Housing Party; Now you can directly vote for lowering housing costs
Topic Started: 24 Aug 2017, 05:02 PM (2,972 Views)
Jimbo
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Rufus
26 Aug 2017, 11:30 PM
FFS you sold thinking you would buy back cheap and make a killing, and now you're getting sanctimonious on us jimbo.
I sold because I was offered an above market price for my house and I could see the market going south straight after.

Link me to a post where I have said otherwise.
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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Veritas
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Jimbo
26 Aug 2017, 11:39 PM
I sold because I was offered an above market price for my house and I could see the market going south straight after.

Link me to a post where I have said otherwise.
You will know when the market has turned positive when Strindberg comes crawling back.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Rufus
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Jimbo
26 Aug 2017, 11:39 PM
I sold because I was offered an above market price for my house and I could see the market going south straight after.

Yes you wanted to make a buck, which is OK but don't point fingers at others who do the same.

Quote:
 
Link me to a post where I have said otherwise.

My error you did, but you have also posted that the number was over 13,000 so I make this about 1000 below peak, and that is a downward trend.
Edited by Rufus, 26 Aug 2017, 11:57 PM.
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
26 Aug 2017, 11:56 PM
Yes you wanted to make a buck, which is OK but don't point fingers at others who do the same.
I never bought a house to make a buck. At the same time, I didn't pump a load of money into a house only to see it's value wiped out because a bunch of idiot WA FIFO workers decided to treat housing as a speculative assett.

So we bailed when an idiot decided to pay us over the odds for a house which they considered to be a speculative assett.

As for using leverage to buy old houses to rent out to kids, I never did that. I didn't sell drugs to kids outside the school gates either. Same thing.



Edited by Jimbo, 27 Aug 2017, 12:22 AM.
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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herbie
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Veritas
26 Aug 2017, 11:34 PM
And you run away once the conversation gets to the pointy end.

Basically, everything you write amounts to: I am here to defend every single facet of the current political and economic structures controlling housing provision in this country.
Sorries ta butt in, but you get me some nice little newly renovated 3 bedroom 2 car garage free standing (it's gotta be low set as I'm getting a bit old for regularly walking up and down stairs these days) home on 600 m2 of land (Oh alright, 400 would be enough - But no FURTHER compromises!) within 15 mins drive of the Sydney CBD for $240K and I'll be most especially grateful for your kind efforts on my behalf too Ta please ... :)
Edited by herbie, 27 Aug 2017, 12:13 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rufus
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Jimbo
27 Aug 2017, 12:07 AM
I never bought house to make a buck. At the same time, I didn't pump a load of money into a house only to see it's value wiped out because a bunch of idiot WA FIFO workers decided to treat housing as a speculative assett.

So we bailed when an idiot decided to pay us over the odds for a house which they considered to be a speculative assett.

As for using leverage to buy old houses to rent out to kids, I never did that. I didn't sell drugs to kids outside the school gates either. Same thing.



That's what I said, you made a buck out of your house.
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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Veritas
26 Aug 2017, 11:43 PM
You will know when the market has turned positive when Strindberg comes crawling back.
He's made the odd and rather polite comment here and there. None of them about Perth property.

It must be a very humbling experience to be so old and wise and yet so wrong about so many things all at the same time.

Poor old stringy.

Rufus
27 Aug 2017, 12:13 AM
That's what I said, you made a buck out of your house.
According to you lot, I have lost a fortune selling and renting.

Selling at the peak was an own goal.

Now you are telling me that I have made money?
Edited by Jimbo, 27 Aug 2017, 12:33 AM.
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
27 Aug 2017, 12:21 AM
He's made the odd and rather polite comment here and there. None of them about Perth property.

It must be a very humbling experience to be so old and wise and yet so wrong about so many things all at the same time.

Poor old stringy.


According to you lot, I have lost a fortune selling and renting.

Selling at the peak was a own goal.

Now you are telling me that I have made money?
I have assumed that you sold at a good price, I believe you have said as much.
As you haven't yet bought back in I can't say whether you have profited, but I can say that it was your intention to profit.

Fair enough, everyone is entitled to make a profit, I jut think it's a bit rich pointing at others doing what you intended to do.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Tick Tock
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Rat
26 Aug 2017, 08:52 AM
When baby boomers were buying their first homes in their 20s and 30s, those homes were far more expensive than the homes purchased by their predecessors.

But they got on with it, without bleating and wailing. Often they bought tiny run-down homes with an outdoor dunny in the sticks and gradually upgraded over their lifetimes. That's something our current generation of precious princesses believe they're too good for. Today's FHBs expect the big modern fancy home in a great location straight off the bat, without having to work up to it over an entire lifetime like the boomers did.

The boomers were also conscripted to fight in Vietnam, they had lower lifespans, the threat of another world war (Cold War) breaking out at any time, worse medical treatment, inferior technology, they suffered through recessions, 20% interest rates etc.

Gen-Y are just a bunch of self-entitled whingers. They don't seem to understand that the baby boomers spent a lifetime building up their current wealth. They didn't have all that wealth when they were in their 20s and 30s. No generation can expect to be as wealthy in their 20s as they will be in their 60s. It takes a lifetime to build wealth.

In a few decades from now when Gen-Y are entering their retirement years, having inherited all that wealth as the boomers die, and built up some of their own wealth on top, it will be the new batch of 20-30 year-olds whinging and bleating about how Gen-Y had it so easy, and how it's not fair that house prices were so much cheaper in 2017.
What about the fact that back then one wage (Dad) was enough to cover mortgage repayments while (Mum) stayed home and did all the school/house/shopping duties etc.

These days BOTH have to work full time and if they have kids the poor kids get thrown into childcare early in the morning and get picked up late, which also has to be payed for.

I know of people paying $90 perday for childcare.....Thats nearly $500 per week.....wtf. :?:
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Ex BP Golly
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Imagine if these guys could do for housing what the Greens have done for the environment. :o

:lol :lol :lol
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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