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Highrise Harry Prepare to lose enormous wealth: Triguboff sings a new tune; "Australians could lose an enormous amount of wealth" he says
Topic Started: 11 Sep 2017, 09:21 AM (1,662 Views)
Ex BP Golly
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Prepare to lose enormous wealth: Triguboff
Turi Condon- The Australian

"The slowdown in the apartment market is worsening and will have a severe impact on the economy if it is not arrested, according to the country’s biggest apartment builder, billionaire Harry Triguboff.

The number of new apartments sold had dropped and prices had fallen about 10 per cent over the past six months, the founder of Meriton Group told The Australian.

“The falling prices will have a big impact on the economy,” said Mr Triguboff, who called on the federal and state governments to review their policies on taxing foreign investors and to expand ­policies on accessing superannuation for housing....

“The big question is whether the government will allow prices and volumes to go down before they start helping,” Mr Triguboff said.

“Australians could lose an enormous amount of wealth...”

http://www.theaustralian.com.au/business/property/apartment-slowdown-to-hit-economy-hard-harry-triguboff/news-story/8d0c4f1c4066cf29b489f7274bcf6658
Edited by Ex BP Golly, 11 Sep 2017, 10:13 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Foxy
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Zero is coming...

Ex BP Golly
11 Sep 2017, 09:21 AM
Prepare to lose enormous wealth: Triguboff
Turi Condon- The Australian

"The slowdown in the apartment market is worsening and will have a severe impact on the economy if it is not arrested, according to the country’s biggest apartment builder, billionaire Harry Triguboff.

The number of new apartments sold had dropped and prices had fallen about 10 per cent over the past six months, the founder of Meriton Group told The Australian.

“The falling prices will have a big impact on the economy,” said Mr Triguboff, who called on the federal and state governments to review their policies on taxing foreign investors and to expand ­policies on accessing superannuation for housing....

“The big question is whether the government will allow prices and volumes to go down before they start helping,” Mr Triguboff said.

“Australians could lose an enormous amount of wealth...”

http://www.theaustralian.com.au/business/property/apartment-slowdown-to-hit-economy-hard-harry-triguboff/news-story/8d0c4f1c4066cf29b489f7274bcf6658
Tick tock...

Wealth???

A fiction is by definition a fiction.

A liability is never an asset...
Edited by Foxy, 11 Sep 2017, 10:12 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Chris
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Ex BP Golly
11 Sep 2017, 09:21 AM
There you go Harry, fixed it for you.
Foxy
11 Sep 2017, 10:11 AM
A fiction is by definition a fiction.
What? You mean the concept of equity born from highly speculative exponential asset price growth is fiction?

Damn, how else do people get wealthy?

Should ask Harry.
Edited by Chris, 11 Sep 2017, 10:17 AM.
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Ex BP Golly
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Harry sounds like he's just realised he's not "too big to fail".

This piece sounds like a desperate plea for govt to save him by protecting the little ones.

8000 apartments losing 10% in 6 months!

He's probably tapped out his equity lol.

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Chris
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Ex BP Golly
11 Sep 2017, 10:18 AM
Harry sounds like he's just realised he's not "too big to fail".

This piece sounds like a desperate plea for govt to save him by protecting the little ones.

8000 apartments losing 10% in 6 months!

He's probably tapped out his equity lol.

And that's just the point Golly, Harry is a commercial entrepreneur and has a risk in every transaction he enters into. He is threatening the government through a scare campaign in order to limit his risk/exposure which any journalist worth a pinch of shite should challenge him on. It can be strongly argued that Harry created a significant portion of the problem by heavily targeting the artificial consumer from SE Asia but predominantly china. This market was artificial as it was chasing speculative gains, now those gains are gone they have pulled away, this has nothing to do with pissy government fees.

He created a significant portion of the 'fiction' and now wants to cement his gains and clear off the last 8,000 before the whole thing collapses, to that Harry I say stiff shite, you made your bed now lay in all 8,000 of them! (Assuming they are all fully furnished in a bid to flog em)

[/quote]
Edited by Chris, 11 Sep 2017, 10:59 AM.
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zaph
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Ex BP Golly
11 Sep 2017, 09:21 AM
Prepare to lose enormous wealth: Triguboff
Turi Condon- The Australian

"The slowdown in the apartment market is worsening and will have a severe impact on the economy if it is not arrested, according to the country’s biggest apartment builder, billionaire Harry Triguboff.

The number of new apartments sold had dropped and prices had fallen about 10 per cent over the past six months, the founder of Meriton Group told The Australian.

“The falling prices will have a big impact on the economy,” said Mr Triguboff, who called on the federal and state governments to review their policies on taxing foreign investors and to expand ­policies on accessing superannuation for housing....

“The big question is whether the government will allow prices and volumes to go down before they start helping,” Mr Triguboff said.

“Australians could lose an enormous amount of wealth...”

http://www.theaustralian.com.au/business/property/apartment-slowdown-to-hit-economy-hard-harry-triguboff/news-story/8d0c4f1c4066cf29b489f7274bcf6658
Harry gets an article like this written around once a year.
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Ex BP Golly
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zaph
11 Sep 2017, 11:13 AM
Harry gets an article like this written around once a year.
Why?
Edited by Ex BP Golly, 11 Sep 2017, 12:00 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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zaph
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Ex BP Golly
11 Sep 2017, 11:42 AM
Why?
No idea. What do you think?
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Ex BP Golly
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zaph
11 Sep 2017, 01:10 PM
No idea. What do you think?
Sends prices "to the moon"?
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Rufus
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Ex BP Golly
11 Sep 2017, 09:21 AM
Prepare to lose enormous wealth: Triguboff
Turi Condon- The Australian

"The slowdown in the apartment market is worsening and will have a severe impact on the economy if it is not arrested, according to the country’s biggest apartment builder, billionaire Harry Triguboff.

The number of new apartments sold had dropped and prices had fallen about 10 per cent over the past six months, the founder of Meriton Group told The Australian.

“The falling prices will have a big impact on the economy,” said Mr Triguboff, who called on the federal and state governments to review their policies on taxing foreign investors and to expand ­policies on accessing superannuation for housing....

“The big question is whether the government will allow prices and volumes to go down before they start helping,” Mr Triguboff said.

“Australians could lose an enormous amount of wealth...”

http://www.theaustralian.com.au/business/property/apartment-slowdown-to-hit-economy-hard-harry-triguboff/news-story/8d0c4f1c4066cf29b489f7274bcf6658
Harry won't lose a cent.
Take risks - if you win you will become wealthy, if you lose you will become wise
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