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Sydney Construction Boom Nearly Here; Construction growth of 15% is forecast in NSW over next two years
Topic Started: 8 Aug 2011, 12:56 PM (51,169 Views)
hoofarted
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Everyone but the mighty Shadow.... He so clever!
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frankrider
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earthsta
5 Mar 2013, 02:29 PM
You been wrong for so long, your opinion is irrelevant

Shadow's laughable prediction
That's why he's on the ignore list. I read the odd one, just to prove how much of a liar he is but I'm certainly not going to waste my time reading his bullshit justifications.

House Prices DOWN DOWN DOWN.

Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan

A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
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Shadow
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Evil Mouzealot Specufestor

frankrider
5 Mar 2013, 09:14 PM
That's why he's on the ignore list
You're not very good at this 'ignore' business...

Quote:
 
House Prices DOWN DOWN DOWN
Official data says up... http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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frankrider
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Hows the spell checking going Gunn? I for one don't take offence, I like to corrected. But that doesn't mean I will thank a no-lifer such as yourself for the act.

Oops! That's "gun" isn't it. See, I'm learning. Amazing what an open mind can achieve.
Edited by frankrider, 5 Mar 2013, 11:07 PM.

Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan

A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
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earthsta
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Shadow
5 Mar 2013, 09:20 PM
Official data says they are well below their peak


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Shadow
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earthsta
6 Mar 2013, 08:24 AM
Official data says they are well below their peak
3% below peak nationally according to the ABS... I wouldn't call that 'well below'.

Sydney is at a new peak according to the same official data.

Plus prices are still much higher than they were in 2009, the level from which you said they would crash 40%.

There there...
Edited by Shadow, 6 Mar 2013, 08:34 AM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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earthsta
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Bit like you 6-8% increase predictions the last two years which have been hopelessly wrong, not to mention your hilarious prediction of Sydney house prices to "approach" a million within the next 22 months. :bye:
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Shadow
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earthsta
6 Mar 2013, 01:53 PM
Bit like you 6-8% increase predictions the last two years which have been hopelessly wrong, not to mention your hilarious prediction of Sydney house prices to "approach" a million within the next 22 months.
I haven't predicted 6-8% increases the last two years. Nor have I predicted Sydney house prices to approach a million within the next 22 months.

So that's yet another big fail for you.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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frankrider
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You have been debunked shadow, PWNED and debunked. :bye:

Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan

A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
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Shadow
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Evil Mouzealot Specufestor

frankrider
6 Mar 2013, 03:57 PM
You have been debunked shadow, PWNED and debunked.
The data says you're wrong.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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