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ABS 6416.0 - House Price Indexes: Eight Capital Cities, March 2012; National House Prices Fall 1.1% in Q1 2012
Topic Started: 1 May 2012, 12:32 PM (4,653 Views)
Elastic
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Shadow
1 May 2012, 04:41 PM
The prediction was for Sydney house prices to approach $1M by (an unspecified day in) 2015.

And what type of obsessed psychopath keeps a database of two-year-old screenshots from a dead forum? :re:
You two need to get a room to compare files on one another.
Only a rat can win a rat race.

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audas
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NotFooled
1 May 2012, 01:26 PM
I don't see any ecstatic bears. Oh wait, prices haven't really dropped much relative to the massive gains over the past decade.

So much for your much vaunted crash, lol :lol

If this is what you consider a crash then you're more of a bull than a bear. Hahaha
Prices are down 10% in just over 12 months mate - why would I buy when the rate of decline is accelerating ?

15%-20% over the next 12 months, and more than likely judging by current conditions 20%-25% in the 12 months after that.

So might be looking at %40 decline over 24 months, sweet - just as we all predicted. RBA's actions confirm the prediction, markets confrim the prediction, China confirms the prediction - inf act everything is going exactly as we all thought it would because it was just SO DAMN OBVIOUS to anyone looking at it objectively.


The only thing we didn't get right is just how incredibly stupid the bulls would be about it - might go and get a shovel so you can dig your head out of the ground.


Todays figures make an ABSOLUTE MOCKERY of the bulls - they are the laughing stock of the internet.

Enjoy your infamy - oh, and you might want to seriously consider changing your avatar - no, really, you need to think about that - or do the honorable thing and go join the Black Panther.
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TED BULLPIT
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audas
1 May 2012, 09:22 PM
Prices are down 10% in just over 12 months mate - why would I buy when the rate of decline is accelerating ?

15%-20% over the next 12 months, and more than likely judging by current conditions 20%-25% in the 12 months after that.

So might be looking at %40 decline over 24 months, sweet - just as we all predicted. RBA's actions confirm the prediction, markets confrim the prediction, China confirms the prediction - inf act everything is going exactly as we all thought it would because it was just SO DAMN OBVIOUS to anyone looking at it objectively.


The only thing we didn't get right is just how incredibly stupid the bulls would be about it - might go and get a shovel so you can dig your head out of the ground.


Todays figures make an ABSOLUTE MOCKERY of the bulls - they are the laughing stock of the internet.

Enjoy your infamy - oh, and you might want to seriously consider changing your avatar - no, really, you need to think about that - or do the honorable thing and go join the Black Panther.
Maybe we should start a thread saying goodbye to the bulls before its too late.

Goodbye :bye:
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raveswei
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stinkbug
1 May 2012, 03:14 PM
Hi Rave - this is a good example of what I meant when I said you like to dress opinion up as fact.

Stop lying!
do you know what good examples are:

"So I have $1M+ of skin in the game but I'm indifferent on the direction of house prices"

"my investment properties are positively geared"


regardless of what you say you will still have to work all your life to cover speculative losses you are going to make on properties
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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stinkbug
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raveswei
1 May 2012, 09:51 PM
do you know what good examples are:

"So I have $1M+ of skin in the game but I'm indifferent on the direction of house prices"

"my investment properties are positively geared"


regardless of what you say you will still have to work all your life to cover speculative losses you are going to make on properties
And yet again you get caught dressing up opinion as fact.

I'm quite concerned about the direction of property prices - over the next 25 years or so. What happens between now and then is, ultimately, inconsequential. And thanks for inventing a quote that I didn't actually provide.

My investments are indeed positively geared, and after we find out how much of today's interest rate cut the bank will pass, I'll be even more positively geared.

Thanks for the comment about work, though. Even if my property goes no-where, I could still retire in about 5 years.

My advice to you is to stop lying. To yourself, especially.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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earthsta
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Shadow
1 May 2012, 04:41 PM
earthsta
1 May 2012, 04:39 PM
You're prediction was made in Jan 2010. You have another 3 years maximum, 2 years if you adhere to your 4 year timeframe.
The prediction was for Sydney house prices to approach $1M by (an unspecified day in) 2015.


The screenshot shows it quite clearly. 4-5 years from Jan 2010. You have less than two years left




Shadow
1 May 2012, 04:41 PM

And what type of obsessed psychopath keeps a database of two-year-old screenshots from a dead forum? :re:


Shadow, Strindberg, Frank Castle and now, apparently, me
Edited by earthsta, 2 May 2012, 09:01 AM.
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Shadow
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Evil Mouzealot Specufestor

earthsta
2 May 2012, 08:59 AM
The screenshot shows it quite clearly.
Yes, the screenshot clearly says 2015. No particular day in 2015 was specified. That gives another 3 years and 8 months.
Edited by Shadow, 2 May 2012, 09:37 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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TED BULLPIT
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Shadow
2 May 2012, 09:37 AM
Yes, the screenshot clearly says 2015. No particular day in 2015 was specified. That gives another 3 years and 8 months.
Gives another 3years and 8 months of falling house prices ;)

The longer you wait the bigger the falls.

Most bulls predicted house price increases to some extent over the last twelve months but they were WRONG ;)
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raveswei
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stinkbug
1 May 2012, 10:05 PM
And yet again you get caught dressing up opinion as fact.




Is there are rule in your crazy head that says people have to start every declarative sentence with "I think ..."

Something is wrong with you, my guess is that fear makes you crazy.

I’m not blaming you, high chance of losing $0.5m+ you don’t even have is extremely scary. But that doesn’t give you right to insult other people.

Quote:
 
I'm quite concerned about the direction of property prices - over the next 25 years or so. What happens between now and then is, ultimately, inconsequential. And thanks for inventing a quote that I didn't actually provide.


I understand you need to alleviate fear but nonsense like this will not make your life better of in future. After 25 years of work, when you finally repay the debt house prices will hugely reflect what happens now. What do you think are Japanese speculators concerned about bubble burst more than 20 years after the burst?
Do you think recent burst will affect US house prices in 20 years?

Quote:
 
My investments are indeed positively geared, and after we find out how much of today's interest rate cut the bank will pass, I'll be even more positively geared.


Sure they are. I never met any property speculator that says differently, still ATO claims majority of them being NG. Even if you are, that just means you have low leverage or huge capital locked up in the property that is losing value every day. Opportunity cost is something speculators tend to ignore as well – one more example of ostrich behaviour.

Quote:
 
Thanks for the comment about work, though. Even if my property goes no-where, I could still retire in about 5 years.


It was 25 years just few sentences above. In 5 years you will have $0.5m- properties and debt probably 50% higher than that – hardly enough for retirement. More likely you will need second job.

Quote:
 
My advice to you is to stop lying. To yourself, especially.


My advice to you is to stop trolling. You are not benefiting form multiple accounts. You just make bull argument even sillier.

Future can prove me right or pleasantly surprised. If the very unlikely event happens and our economy doesn’t collapse under the huge debt bubble I will not lose anything.

On the other hand you could be unpleasantly surprised and your life destroyed.

So, who is lying himself?
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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Mike
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Oh Mike was right house prices are rising in perth up 1.1% in the 1st Quater 2012. This is prior to the rates droping by 0.5%. Rents increased by 14% in the last 12 months over here. No better time to be an investor with rapidly reducing costs, yet rapidly rising rents and prices now increasing. It dosnt get much better this. I look forward to more cuts as this year unfolds, we will stop at about 3.25-3.5%. We wont go lower then that as the US economy is now really starting to pickup steam and this will be felt in the 2nd half and into 2013.
http://mike-globaleconomy.blogspot.com.au/
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