Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 4
Sydney house prices 40% overvalued, market at end of cycle, says John McGrath
Topic Started: 30 Aug 2017, 01:28 PM (3,713 Views)
herbie
Member Avatar


Foxy
30 Aug 2017, 10:44 PM
It's the Foxbat rule, it is always 40%...
So is Foxbat Steve Keen's pseudonym when he posts here does ya mean?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Will
Default APF Avatar

How's this for a Ponzi buster. Slash immigration in half and ban foreign students from buying. That should inject some reality in to the market. Imagine where we could get house prices if we let the free market do its work.
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


I remember when Chris Joye was th bulls pinup boy too.

Now McGrath has turned as well.

What happens?

Do these guys finally meet a property investor and thus change their minds?
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Jon Snow
Member Avatar


Ex BP Golly
31 Aug 2017, 12:25 AM
I remember when Chris Joye was th bulls pinup boy too.

Now McGrath has turned as well.

What happens?

Do these guys finally meet a property investor and thus change their minds?
Like all villains, they want to distance themselves from the unsavoury way they made their fortune and become respectable.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
Profile "REPLY WITH QUOTE" Go to top
 
hidflect
Member Avatar


herbie
30 Aug 2017, 07:33 PM
Hello GBD - Would you still like me to get all worried and concerned that Brisvegas/SEQ is about to drop by 50% ?

Not that I would regardless - 'Cause I'm no more a bloody housing trader than I am a horse trader or stock market speculator.

But hey, Best of British to them that are anyway I 'spose ...

Hmmm - Although I've still got to admit to having a quiet(?) and somewhat deep seated loathing for the latter with them preying on 'old peoples and 'widows 'n orphans' pension funds', which will still continue to come through occasionally I suppose.
" stock market speculator... - ..I've still got to admit to having a quiet(?) and somewhat deep seated loathing for the latter.."

Stock investors provide much needed capital for companies to develop sites and hire people for projects that earn foreign income via gold, cobalt, lithium etc. These people go on to buy land and houses. What do you recommend? That everyone buys a concrete slab and prays for the best? This is foolishness.
Edited by hidflect, 31 Aug 2017, 11:40 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


hidflect
31 Aug 2017, 11:39 PM
" stock market speculator... - ..I've still got to admit to having a quiet(?) and somewhat deep seated loathing for the latter.."

Stock investors provide much needed capital for companies to develop sites and hire people for projects that earn foreign income via gold, cobalt, lithium etc. These people go on to buy land and houses. What do you recommend? That everyone buys a concrete slab and prays for the best? This is foolishness.
Do as this guy attests.

Posted Image
Edited by Ex BP Golly, 1 Sep 2017, 04:00 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Sydneyite
Member Avatar


hidflect
31 Aug 2017, 11:39 PM
" stock market speculator... - ..I've still got to admit to having a quiet(?) and somewhat deep seated loathing for the latter.."

Stock investors provide much needed capital for companies to develop sites and hire people for projects that earn foreign income via gold, cobalt, lithium etc. These people go on to buy land and houses. What do you recommend? That everyone buys a concrete slab and prays for the best? This is foolishness.
Not by buying and selling on the secondary market - that's a zero sum game (other than dividends or other distributions received by equity holders) - no new capital is provided to businesses from active trading on the market. Only by participating in IPOs or capital raising does an investor supply capital directly to a business to fuel growth.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Sydneyite
1 Sep 2017, 04:58 PM
Not by buying and selling on the secondary market - that's a zero sum game (other than dividends or other distributions received by equity holders) - no new capital is provided to businesses from active trading on the market. Only by participating in IPOs or capital raising does an investor supply capital directly to a business to fuel growth.
Exactly.

With those who actively promote it whilst decrying the buying of existing housing, only most kindly being able to be described as hypocritical at best - IMO.

Tho more truthfully, just out and out quite actively rapacious given the potential volatility of the markets they have immersed themselves in - Again IMO.

But anyway, I don't like the f***ers.
Edited by herbie, 1 Sep 2017, 09:11 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
 
Jon Snow
Member Avatar


Sydneyite
1 Sep 2017, 04:58 PM
Not by buying and selling on the secondary market - that's a zero sum game (other than dividends or other distributions received by equity holders) - no new capital is provided to businesses from active trading on the market. Only by participating in IPOs or capital raising does an investor supply capital directly to a business to fuel growth.
Wrong, as always. If buying pushes the price up it increases the capital value of the stock the company still holds. If it goes high enough it makes equity cheaper than debt, and the company can swap a mandatory interest expense for a discretionary dividend. And lastly, investors are reluctant to invest in ANYTHING without liquidity*, which active trading provides. Without liquidity, capital raising through equity issues would not be possible at all.



* The exception to this appears to be property investors, who don't seem very bright anyway.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Will
30 Aug 2017, 11:15 PM
... Slash immigration in half ...
Dunno about you Will, but I reckon it's gotta be at least a decade since I visited a GP who was actually born in Oz -So it would be a good one not to get wrong I'm suggesting - At least from my personal POV - Given I get to drag me arse off to a doc twice a year min to get some scripts that probably do genuinely keep me alive I suspects?

Hmmm - And just on that one, I'm pretty damn sure I read recently that it won't be too long and the nation is going to have a shortage of 24,000 nurses.

So Yep, cut if you like - But don't f*** it up; Well not for mine anyway - Just so some young dudes can get cheap homes in Sydvegas/Melvegas.
Jon Snow
2 Sep 2017, 11:33 AM
Wrong, as always. If buying pushes the price up it increases the capital value of the stock the company still holds. If it goes high enough it makes equity cheaper than debt, and the company can swap a mandatory interest expense for a discretionary dividend. And lastly, investors are reluctant to invest in ANYTHING without liquidity, which active trading provides. Without liquidity, capital raising through equity issues would not be possible at all.
So what's your take on that reply Sydneyite?

I'm always happy to learn something new that's genuinely true - Even if it might come from Sno Flake.

And given I'm surely not full bottle on share markets (and surely never will be given they're 'poison' to me personally - for various reasons), is he just talking shite or not?

Oh and PS Jason: I quite intentionally omitted your asterisked little dig at "property investors" which you obviously felt to chuck in at the end of your comment ... :)
Edited by herbie, 3 Sep 2017, 08:58 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
 
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
  • Pages:
  • 1
  • 2
  • 4



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