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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 (51,162 Views)
Yossarian
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Can someone drop a note to the HIA and tell them about the housing construction boom commencing in 2010 2011 2012 2013 *this space for rent*.


This year, Australia will build 25,000 fewer homes than we did a decade ago.


Land Sales Signal Inadequate Home Building Recovery

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Shadow
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Yossarian
30 Apr 2013, 12:23 PM
Can someone drop a note to the HIA and tell them about the housing construction boom commencing in 2010 2011 2012 2013 *this space for rent*.

http://hia.com.au/media/~/media/Files/MediaMicrosite/Media%20Releases/Land%20Sales%20Signal%20Inadequate%20Home%20Building%20Recovery.ashx
LOL, Yossarian, you shot yourself in the foot once again.

From your own linked report...

'The findings of the latest Land Report are consistent with HIA’s forecast for a recovery in new residential construction in New South Wales'

Did you not even read it before posting? :lol

And here's when it began...

Posted Image
Edited by Shadow, 30 Apr 2013, 12:44 PM.
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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Yossarian
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Shadow
30 Apr 2013, 12:41 PM
LOL, Yossarian, you shot yourself in the foot once again.

From your own linked report...

'The findings of the latest Land Report are consistent with HIA’s forecast for a recovery in new residential construction in New South Wales'

Did you not even read it before posting? :lol

And here's when it began...

Posted Image
They're hopeful of a recovery from what, Shad?

Hint : Not a boom.
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Shadow
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Yossarian
30 Apr 2013, 08:29 PM
a recovery from what, Shad?
The boom that kicked off in late 2011 / early 2012 is the recovery from the construction downturn.

Note that I said the boom would kick off around 2011... I didn't say 2011 would be the peak of the boom. All booms begin with the first uptick.

And the data shows it did indeed kick off, late 2011 or early 2012. This fact really seems to irritate you given the amount of time you spend trying to say it's not happening... :)
Edited by Shadow, 30 Apr 2013, 09:22 PM.
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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nipa hut
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Shadow
30 Apr 2013, 09:12 PM
I didn't say 2011 would be the peak of the boom.
Just as well, considering that 2011 dwelling commencements in NSW were a whopping 41% below those of 1994. It's even more embarrassing in per capita terms, considering that the NSW population grew over 19% during that period.

Let it never be said that Shadow cherry-picks date ranges when he presents his graphs...

:lol :lol :lol :lol :lol

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frankrider
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Shadow has read "The secret" and now fills forums like this with mindless drivel based on it. You see the "Law of of attraction" is all that matters in the minds of these poor indebted souls. Physical laws and economic laws are overrode by the "Law of attraction" and if they only "believe" hard enough it will all come true.

Of course if you're deep underwater on IO loans I guess it doesn't make any difference what you believe. And good for the rest of us too, because while every good speculator like shadow continues pouring capital into a losing investment, more time is bought for the rest of us, to position ourselves, as we side down this economic contractional slope.



Quote:
 

The Secret posits that the law of attraction is a natural law which determines the complete order of the universe and of our personal lives through the process of "like attracts like". The author claims that as we think and feel, a corresponding frequency is sent out into the universe that attracts back to us events and circumstances on that same frequency

The Secret is a best-selling 2006 self-help book written by Rhonda Byrne, based on the earlier film of the same name. It is based on the law of attraction and claims that positive thinking can create life-changing results such as increased wealth, health, and happiness. After being featured in two episodes of The Oprah Winfrey Show, the book reached the top of the New York Times bestseller list, where it remained for 146 consecutive weeks has been translated into 46 languages and has over 21 million copies in print. Thanks in big part to the appearance in the Oprah TV show, the book and film have grossed $300 million in sales, according to a January 15, 2009 article by Forbes
http://en.wikipedia.org/wiki/The_Secret_(book)


Quote:
 

The claims made by both the book and film have been highly controversial, and have been criticized by reviewers and readers in both traditional and web-based media. The book has also been heavily criticized by former believers and practitioners, with some claiming that The Secret was conceived by the author and that the only people generating wealth and happiness from it are the author and the publishers.


Come in sucker!

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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frankrider
1 May 2013, 08:44 AM
shadow continues pouring capital into a losing investment, more time is bought for the rest of us, to position ourselves, as we side down this economic contractional slope
You mean like positioning yourself into the sliding gold market which has gone nowhere for two years and has actually cost you money to transact and hold?

Well played, Frank Rider, well played. :tu:

Posted Image
Edited by Shadow, 1 May 2013, 08:53 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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Gold prices are UP the past two weeks, house prices are down.

Who's the sucker, swallow?
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Shadow
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earthsta
1 May 2013, 01:36 PM
Gold prices are UP the past two weeks, house prices are down.
Gold prices are massively down since you predicted a rally (you predicted the rally just before the huge dive from which the gold price still hasn't recovered).

It's funny how you are now resorting to a two week timeframe. How about one week? House price are up over the past week. Looks like they stopped 'rolling over'. Again. :)

Quote:
 
Who's the sucker, swallow?
Big fonts now? LOL, you do seem rather agitated these days. Sucks to be wrong all the time I suppose.
Edited by Shadow, 1 May 2013, 01:46 PM.
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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Shadow
1 May 2013, 01:45 PM
Gold prices are massively down since you predicted a rally (you predicted the rally just before the huge dive from which the gold price still hasn't recovered).

Where?
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