The difference between being young and considered not young in Australia is not what most people imagine.
In fact its is about 15 years. Once your 40+, whether you like it or not, people do not consider you young anymore.
So all these juveniles on this forum who think they have plenty of time to wait are wrong.
In fact, I would suggest the longer you wait will in all likelihood correlate with a low IQ.
The longer you wait, the dumber you are.
Waiting 15 years is pure and simple, financial suicide.
Shadow...have you seen the footage when the bet was made? It is clear as day Keen was talking about along time-frame, as housing crashes take years (ask the Yanks).
If house prices do fall slowly for the next 15 years, then yes...I will rent until I feel comfortable with the level of debt I need to take on to become an OO. All the while saving at very generous interest rates (which are being further boosted by the Government).
Your buy now or miss out mantra does not work in a deflating market.
TIME IS ON OUR SIDE NOW
:thumbsup:
"Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." - Paul Krugman 2002
Catweasel laugh. Even better the poll: Ask a Irish and a Kiwi and a America the Japan man how the long the crash last compare to its expectation.
Or even better the poll: Ask the Australia mouse if the bubble exist or not and the reason why. This actually the very easy the poll to execute by a online survery for the Nielsen, Roy the Morgan, or a Millward Brown.
Shadow...have you seen the footage when the bet was made? It is clear as day Keen was talking about along time-frame, as housing crashes take years (ask the Yanks).
The starting date was 2nd quarter of 2008. The bet was to run for 5 years - not 15 years.
If prices fell 40% then Rory would walk. If prices fell less than 20% then Steve would walk.
So Steve was betting on at least a 20% fall within 5 years of 2/2008, to avoid having to walk himself, and at least a 40% fall withiin 5 years of 2/2008 to make Rory walk. 5 years - not 15 years.
But they agreed that the bet was peak to trough so once the previous peak had been exceeded it was the end of the bet. So Rory won.
Or even better the poll: Ask the Australia mouse if the bubble exist or not and the reason why. This actually the very easy the poll to execute by a online survery for the Nielsen, Roy the Morgan, or a Millward Brown.
Looking at the on line comment in the MSM it is easy to see that the majority of comments are made by the young facebook/twitter generation ie: non property owners It doesn't take Einstein to figure out that your online polls would be skewed by the same crowd, the results worth about as much as the comment.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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