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Our house is up for auction tomorrow!; Anyone want to guess how the market has performed in the last 5 years?
Topic Started: 26 Aug 2011, 12:44 PM (18,697 Views)
zaph
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Trojan
23 Sep 2011, 04:27 PM
Good questions.

They asked for a few abnormal terms so we pretty much asked for something else in exchange.
And buyers were not around at auction time as they had not sold their home yet at that time - but they have now (or so the agent tells me)
thanks

you want a 325 day settlement (to be extreme) then you pay more, fair enough.

time wise i think you are pretty close to part-ing ways. if you don't have agreement by the end of the weekend, i doubt you will.

you're a very aware property buyer/seller.

i cant wait to see the results.
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raveswei
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Trojan
23 Sep 2011, 03:08 PM
What this thread does show is people who make the wrong call to accept a lower offer yet say others got it wrong.
I also managed to find the similarities between the posters and their predictions in house prices in general.
Can anyone else see it?
:beer:
You understanding of prediction” and being “right” and “wrong” is completely screwed.

When somebody predicts you are likely to loose money on “hit” after having two pictures, and than you win – he is not wrong – you are just lucky with even higher chance of losing next time.

Being cautious based on realistic probabilities is not “wrong”. What is wrong is hazardous gambling behaviour the way many “property investors” are doing in Australia. It’s no surprise that we are biggest gambler in the world.
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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Trojan
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raveswei
23 Sep 2011, 05:10 PM
You understanding of prediction” and being “right” and “wrong” is completely screwed.

When somebody predicts you are likely to loose money on “hit” after having two pictures, and than you win – he is not wrong – you are just lucky with even higher chance of losing next time.

Being cautious based on realistic probabilities is not “wrong”. What is wrong is hazardous gambling behaviour the way many “property investors” are doing in Australia. It’s no surprise that we are biggest gambler in the world.
If I don't accept an offer and the next one was lower, I was "foolish"
If I don't accept an offer and the next one was higher, I was "lucky"
Love your thinking! :bye:
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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raveswei
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It's just like that but you haven't provided all information:

Quote:
 
1. If I don't accept a higher offer after failed auction and the next one was lower, I was "foolish"
2. If I don't accept a higher offer after failed auction and the next one was higher, I was "lucky"
Love your thinking! :bye:


The reason why you are foolish in case No 1 is because probability of the next one being lower is much higher than the probability of the next one being higher.

You are forgetting that you failed to sell house on auction just 4 weeks ago. The highest bidder from that auction is likely to be the only one buyer willing to offer price equal to auction highest bid or more.

There are thousands of homes for sale in inner west area of Sydney and much smaller number of buyers interested in that area at this moment.
Edited by raveswei, 23 Sep 2011, 05:32 PM.
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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Trojan
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raveswei
23 Sep 2011, 05:31 PM
It's just like that but you haven't provided all information:




The reason why you are foolish in case No 1 is because probability of the next one being lower is much higher than the probability of the next one being higher.

You are forgetting that you failed to sell house on auction just 4 weeks ago. The highest bidder from that auction is likely to be the only one buyer willing to offer price equal to auction highest bid or more.

There are thousands of homes for sale in inner west area of Sydney and much smaller number of buyers interested in that area at this moment.
The highest price is not always achieved at the auction - plenty of houses has sold for higher afterwards (eg The Block)

And the other mistake you are making is:
Sell at lowball price = win
Keep the house = lose
Sorry, it might be your world but not mine.

And you must be the wisest and unluckiest person here - cos so many of your predictions have gone in the opposite direction! :D


On a more serious note, we all know your agenda of thinking your postings on this forum will somehow cause prices to crash.
And how you hitch a ride on any bandwagon which goes in that direction.
I have heard it before. I have debated you before.
And I have come to the conclusion I have nothing to learn from you.
Go wriggle and squirm in another thread.
Edited by Trojan, 23 Sep 2011, 06:31 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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raveswei
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Trojan
23 Sep 2011, 06:25 PM

Quote:
 
The highest price is not always achieved at the auction - plenty of houses has sold for higher afterwards (eg The Block)


:lol:

You believe in "reality" shows?

Quote:
 
And the other mistake you are making is:
Sell at lowball price = win
Keep the house = lose
Sorry, it might be your world but not mine.


you are missing next step:
keep the house for a long time while it loses its value = losing

you said that you cannot keep the house and afford to have lifestyle you want (built your dream home), so keeping the house will postpone your dream, maybe for long period, maybe forever . . . there is a gray area between people's idea of "wining" and "losing" and many people don't like that area.

Quote:
 
And you must be the wisest and unluckiest person here - cos so many of your predictions have gone in the opposite direction! :D


which one? could you please quote some of "my predictions that have gone in the opposite direction"?

Quote:
 
On a more serious note, we all know your agenda of thinking your postings on this forum will somehow cause prices to crash.


we all don't know that. Actually I said so many times what my agenda is: to stop madness of greed before it does even more damage. My goal is not to crush prices - that is unfortunate consequence of madness of greed that you promote here more than anybody. Even if we somehow kick the can once more for 3 years - that will just mean more pain after, more pain for our children and worse future for everybody. Is that what you want?

will your greed to get 1.2% more while risking much more somehow help anybody, but your ego?

Quote:
 
And how you hitch a ride on any bandwagon which goes in that direction.
I have heard it before. I have debated you before.
And I have come to the conclusion I have nothing to learn from you.
Go wriggle and squirm in another thread.


you could learn a lot from me and other people here (equally from bulls), but as many ignorant IT people you choose to think that world around you is digital - "zero" or "one" and that one, single IF statement can give you right answer - answer that you like.

If everything in your story is true and you don't sell for this offer - you will be a fool, and time might quickly show that.
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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Trojan
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raveswei
23 Sep 2011, 07:08 PM
we all don't know that. Actually I said so many times what my agenda is: to stop madness of greed before it does even more damage. My goal is not to crush prices - that is unfortunate consequence of madness of greed that you promote here more than anybody. Even if we somehow kick the can once more for 3 years - that will just mean more pain after, more pain for our children and worse future for everybody. Is that what you want?

will your greed to get 1.2% more while risking much more somehow help anybody, but your ego?




you could learn a lot from me and other people here (equally from bulls), but as many ignorant IT people you choose to think that world around you is digital - "zero" or "one" and that one, single IF statement can give you right answer - answer that you like.

If everything in your story is true and you don't sell for this offer - you will be a fool, and time might quickly show that.

You don't know about my situation more than I do
I don't subscribe to your agendas.
I don't agree with your assumptions.
And I definitely have nothing to learn from you.

Do you still think you never measure profit in real terms?
Or 85% of all construction activity in Australia is for residential dwellings?
Get your post count up in another thread please.
Edited by Trojan, 23 Sep 2011, 08:12 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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The Bear Jew
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Trojan
23 Sep 2011, 08:05 PM

You don't know about my situation more than I do
I don't subscribe to your agendas.
I don't agree with your assumptions.
And I definitely have nothing to learn from you.

Do you still think you never measure profit in real terms?
Or 85% of all construction activity in Australia is for residential dwellings?
Get your post count up in another thread please.
I think you want to sell it but your old lady thinks you can get more.
Australias most powerful finance guy
Australian residential property prices back to 2004 levels by 2015
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raveswei
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Trojan
23 Sep 2011, 08:05 PM
Do you still think you never measure profit in real terms?
Or 85% of all construction activity in Australia is for residential dwellings?
Get your post count up in another thread please.
is that all you have?

in 2000+ posts and 20 blog papers you were able to find only this? only two unimportant sentences you don't even understand?

I could find more crap from you in a single tread


you have to learn a lot - ignorance about ignorance is the worst
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

Profile "REPLY WITH QUOTE" Go to top
 
Trojan
Default APF Avatar


raveswei
23 Sep 2011, 09:35 PM
is that all you have?

in 2000+ posts and 20 blog papers you were able to find only this? only two unimportant sentences you don't even understand?

I could find more crap from you in a single tread
Lol, when people can't be bothered, it means you are right :)
Just check Strindberg's posts - he is happy to point out your mistakes (plenty of them from what I see)

raveswei
 

you have to learn a lot - ignorance about ignorance is the worst


I know I have a lot to learn - but I have nothing to learn from someone who knows even less than me.
I think I know more about negotiations in buying and selling houses than you do - at least I bought the house I live in! :bye:
Edited by Trojan, 23 Sep 2011, 10:04 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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