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Was it more than just a quip Philip Lowe?; "... a sea of liquidity surrounded by bubbles..."
Topic Started: 6 Sep 2017, 08:33 AM (2,812 Views)
Poontang
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Rufus
7 Sep 2017, 04:55 PM
Sorry Poon but that's just wrong.
Over simplified maybe but more correct than you.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Rufus
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Poontang
7 Sep 2017, 05:50 PM
Over simplified maybe but more correct than you.
ask b_b to explain it to you.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Veritas
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Rufus
7 Sep 2017, 06:50 PM
ask b_b to explain it to you.
Whereupon, we will get a lecture in MMT an economic theory held in such regard that precisely no government in the world practices it. :wak:
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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Veritas
7 Sep 2017, 06:59 PM
Whereupon, we will get a lecture in MMT an economic theory held in such regard that precisely no government in the world practices it. :wak:
You really have no idea at all do you.

Have you started looking for a house to buy yet?
Take risks - if you win you will become wealthy, if you lose you will become wise
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hidflect
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This has been posted more than once in other threads but it BELONGS here.

http://www.news.com.au/finance/economy/australian-economy/issuing-new-loans-against-unrealised-capital-gains-has-created-an-australian-house-of-cards/news-story/853e540ce0a8ed95d5881a730b6ed2c9]

The money quote:

"...there is a growing risk the wholesale lending community will walk away from the Australian banking system.

“[Many] international wholesale lenders ... may find out the hard way that they have invested into nothing more than a $1.7 trillion ‘piss in a fancy bottle scam’,” the report says."
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herbie
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hidflect
7 Sep 2017, 08:10 PM
By LF Economics founder Lindsay David.

Yawn - Tell me about it (YET again) when it happens Mr blah blah wotever his face/name should it actually does.

Hmmm - Mate, the fact that Mr Lindsay David (wot wrote "Australia: Boom to Bust") and Philip Soos over at LF Economics are Oz housing bears, is hardly news.

So to repeat: Yawn, Yawn, Yawn.
Edited by herbie, 8 Sep 2017, 06:06 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Veritas
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Rufus
7 Sep 2017, 07:28 PM
You really have no idea at all do you.

Have you started looking for a house to buy yet?
No you dont have a clue.

Every post you make is just saying the same thing: I am here to defend every facet of how housing policy is done in this country.

Now, please tell us why all that regulation of our banking sector is pointless cos, hey, we cant run out of AUD. :re:
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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herbie
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Veritas
8 Sep 2017, 12:16 AM
No you dont have a clue.

Every post you make is just saying the same thing: I am here to defend every facet of how housing policy is done in this country.
Rufus posts lots of varied and useful stuff (to those who might be interested in buying property) - IMO.

Whereas you, I'm starting to get the impression that wot you post is more just like the general crap diatribe one might get at Macrobitchiness if one woz silly enough to go there? - Wif THEM being WRONG on housing year after year after year ... No? ... Who actually even chucked Rufus out if my understanding on THAT is also correct??? (Sheesh; Effing Idiots!)

'N Sheesh agin, talk about: "Beware of false prophets, who come to you in sheep’s clothing, but inwardly they are ravenous wolves. You will know them by their fruits." (Source: Matthew 7:15-16)

So cool it dude - Coz there's a lot to be said for being right when it comes to ones finances re housing; And f*** all value in being wrong - Again IMO.

Hmmm - And basically to date, Rufus would seem (to me at least) to have a pretty reasonable track record for being right overall; Rather than just out and out flat wrong.

Plus (as indicated above) an overall pretty fine track record for putting up posts generally that just might be genuinely useful to those who are genuinely interested in buying housing; As opposed to just genuinely putting buying housing down ...

No?
Edited by herbie, 8 Sep 2017, 04:59 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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Veritas
8 Sep 2017, 12:16 AM
No you dont have a clue.

Every post you make is just saying the same thing: I am here to defend every facet of how housing policy is done in this country.

Now, please tell us why all that regulation of our banking sector is pointless cos, hey, we cant run out of AUD. :re:
Veritas - that should mean truth but instead it means flat earth society.
Mate you are a financial danger to yourself and to anyone reading what you write.
Best of luck, it's your only chance.

Take risks - if you win you will become wealthy, if you lose you will become wise
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Veritas
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Rufus
8 Sep 2017, 07:54 AM
Veritas - that should mean truth but instead it means flat earth society.
Mate you are a financial danger to yourself and to anyone reading what you write.
Best of luck, it's your only chance.
You mean anyone who listened to me and the WA bears about Perth?

The calls that were 100% vindicated?

And I stand by my assertion: every post you make is a defence of every facet of Australian housing policy. Every one. I have never seen you utter even one heretical thought.

As for you fawning over B_B’s MMT lectures, can you explain why we need prudential supervision of banks or, for that matter, why the State needs fiscal policy constraints if we can’t run out of AUD?

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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