nobody expects honesty from a man who has a job to push people into lifetime debt.
You have huge vested interests so people should not listen whatever you say. What I expect is clear disclosure that will make people aware of these vested interests.
rav you don't even disclose who you are. You could have massive shorts on CJ's new index, or you might want to buy a house for a massive discount - do you not comprehend your own "vested interest" in real estate.
Seriously do you think that I have a long line of die hard bears banging on my door wanting home loans.
What planet do you live on?
But thanks for the best laugh I've had in days.....
Any expressed market opinion is my own and is not to be taken as financial advice
What annoys me about the majority of bears and bulls is how they express their opinions but don't run the numbers.
I know it was earthsta who cited 2.6 (it's actually 3.7 according to supplied spreadsheet from ABS, see other post), and it was earthsta that I was responding to, taking his comment at face value.
Strindberg seemed to think my response to earthsta was a defence or deflection for LVO. I'm new here, so I don't know who LVO, or earthsta or Stringberg are, so I responded by running some numbers (again, see other post).
Claims of rising prices, falling prices and future prices are known in financial markets as 'sophistry'. In the end, what matters are the numbers. Total return, real return (after discounting).
According to my numbers, Jan 2009 was NOT a great time to buy. Certainly better than 2007, but still not great. But that's just by the numbers. Personally I'm not a fan of property in the same way I'm not a fan of organised religion. i.e. because people's beliefs about both are irrational and personal. (IMNSHO).
I chose not to buy from 1994 to present and I am much better off for it. I may be a buyer soon though. I believe the coming correction with be the buy opportunity of a lifetime and I am expecting around a 50% drop. But now I am indulging in sophistry.
Good luck with your blog.
Actually earthsta was probaly correct. the index moved by 3.7 points, but he cited a percentage.
Not that I care really, it's not a life or death difference.
Any expressed market opinion is my own and is not to be taken as financial advice
Yes he was, it's an index, to 2.6%. I'm tired and my neighbours are partying, so I will sign off now.
Not directed at genX -
As of tonight - the EU is fcked, sorry, no other way to put it - Germany is going backwards at record pace - Holland government is collapsed and extremist wings of the French political system appear ready to take over and all bets are on for an EU break up.
In response the US has gone into meltdown - serious catatonic meltdown, as you would expect.
Reserve bank is expected to cut by 50 basis points with near zero inflation while ALL BANKS are expected NOT to pass this on....
Australia is about to have its sovereign debt downgraded.
As the world economy and most significantly Australia's economy verges on the brink of disaster - you guys are arguing over the most irrelevant bullshit you can find.
By the end of this year Peter - on every single projection, unless they discover the antidote to cancer, infinite energy and eternal youth - the losses in Brisbane or wherever the hell you were "NOT" recommending people buy will be a shit load further down that your current %2.6 - and only the most galactic moron would argue otherwise.
Tonight's news was a slaughterhouse of economic woes across the globe - this is it - the shit has hit the fan.
It simply defies belief that the bulls on this forum continue to argue their position as every single economy on earth collapses into what is undoubtedly the greatest global economic disaster ever. And still - the muppets continue to rant.
The banks are about to be downgraded, the government is about to be downgraded, only main trading partner is failing, their primary customers are actually about to COLLAPSE, official interest rates are going to be slashed with absolutely no response from the banks -
Yeah - but you know, Macrobusiness is full of shit because Peter is still %2.6 percent above where he was three years ago - or whatever the infinitely childish shit is that is being debated on this profoundly infantile thread.
Yup Audas - I tend to agree - although I think it will take longer to get there.
Not looking good at all. Euro is set to devalue, which will hit the US just as it's cutting back, and China will be clobbered at a delicate time of political transfer.
I don't expect to see fireworks until late this year. But the opening sparks have been fun to watch.
We will have to sit through a few months of BP's zip interest rates and prices to the moon, until it eventually sinks in.
Can't wait for the penny drop moment.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Reserve bank is expected to cut by 50 basis points with near zero inflation while ALL BANKS are expected NOT to pass this on....
Evidence of this? or is it just your personnel expectation?
Quote:
Yeah - but you know, Macrobusiness is full of shit because Peter is still %2.6 percent above where he was three years ago -
So Peter was right and the deceitful fucktards at macrobusiness were wrong. Glad you agree
Quote:
or whatever the infinitely childish shit is that is being debated on this profoundly infantile thread.
Only childish and infantile when you and your ilk are made to look like idiots eh?
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.
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy