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New boom starting again; Melbourne house go up high to the roof
Topic Started: 22 Jan 2011, 01:09 PM (2,580 Views)
raveswei
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AK4
24 Jan 2011, 11:28 AM
Nelson
23 Jan 2011, 05:28 PM
Melbourne is better than "Lindon" and New York!!!!!!!!!!!

http://s4.zetaboards.com/Australian_Property/single/?p=8092393&t=8344660
"Better" is highly subjective.

I prefer statistics.

If you're going to argue that Melbourne's house prices are long-term justified because it's "better" than London and New York - well then we're really getting desperate now.
Totaly desperate!

Game is over!
http://popping-bubble.blogspot.com/

Thinking of an Australian property speculator (PI):
Inaction = missing opportunities.
Missing opportunities = losing.
Too much thinking = inaction.
Thinking = missing opportunities.
Therefore thinking = losing.

disgraceful little man Frank Castle owes a house to Salvation Army

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Trollie
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Catweasel
24 Jan 2011, 11:45 AM
Catweasel laugh. One is a qualitative the insight (yes, it a can be a done a research methodology but not mouse on property forum) and one is the quantitative (use of statistics to get broad understanding).

Please be the careful of statistics. Most a mouse here cannot use statistics a correctly because it a not understand a nature or limitation of a data itself. Second, a mouse try to do the "prove" of something using a ABS statistic. However, it cannot even prove a relationship actually the exist. It doesn't understand the meaning of scientific empiricism. Most a mouse think it can create a truth by using a data set. It complete nonsense. Asset market not a scientific phenomenon.
Good call roddy.

Your insight into statistics has really paid off since 2011.
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Chris
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AK4
22 Jan 2011, 02:27 PM
I think it is painfully clear that Melbourne house prices are in for a sizeable correction. There is literally no reason I can think of why they will not. All the signs are evident: low rental yields, high capital gains, construction boom, abnormally large developer profits.

This post is extremely telling. Nearly 6yrs on and this has been proceeded by exponential growth, I guess if you can't see it then you can't see it. I fall in that basket, I would share the same view in some respects I still do but that's becaues I don't get it. I still don't understand how property could be such a fool proof wealth creator for millions with little or no risk in decades.

I also hate the fact BP was right, what sounds like bull rhetoric has been spot on time and time again. In fact I can't read all one bear statement that has ever come to fruition, certainly not any of my gems!!
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herbie
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Chris
20 Nov 2016, 09:17 PM
... what sounds like bull rhetoric has been spot on time and time again. In fact I can't read all one bear statement that has ever come to fruition ...
That would seem ta pretty much sum it up.

'Cept Shadow did get a call on interest rates going up wrong is me recollection?
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Black Panther
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Chris
20 Nov 2016, 09:17 PM
This post is extremely telling. Nearly 6yrs on and this has been proceeded by exponential growth, I guess if you can't see it then you can't see it. I fall in that basket, I would share the same view in some respects I still do but that's becaues I don't get it. I still don't understand how property could be such a fool proof wealth creator for millions with little or no risk in decades.

I also hate the fact BP was right, what sounds like bull rhetoric has been spot on time and time again. In fact I can't read all one bear statement that has ever come to fruition, certainly not any of my gems!!
Thank you Chris. You can still buy a starter home in the Boon docks. Believe me, this is the only way forward for many.

Good Luck to you !
Edited by Black Panther, 20 Nov 2016, 09:47 PM.
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Ex BP Golly
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Chris
20 Nov 2016, 09:17 PM
This post is extremely telling. Nearly 6yrs on and this has been proceeded by exponential growth, I guess if you can't see it then you can't see it. I fall in that basket, I would share the same view in some respects I still do but that's becaues I don't get it. I still don't understand how property could be such a fool proof wealth creator for millions with little or no risk in decades.

Exponential growth. Says it all really.

Those who put a date on it busting aren't foolish. Those who believe it can continue with "prices to the moon" are.

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Bardon
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This is what has transpired with respect to Melbourne house prices during the life of this thread. I got in during Dec 09, signed the contract on Christmas Eve.


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