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.
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
Why do you even care about house prices 24 months out given that you so firmly believe in the imminent destruction of human society due to climate change? Seriously, shouldn't you be preparing your bunker rather than worrying about house prices?
Here doesn't need luck. He's an intelligent investor. But bears need all the luck they can get given that their strategy is to hope and pray for a housing crash sometime in their lifetime.
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.
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?
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.
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.
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?
Wow, you are one confused human.
Let's get to the easy stuff first: 1) You continually state opinion as though it's fact. It's not. Deal with it. 2) I have never said I need to work for 25 years. I said 25 years is the investment timeframe on my property investments. Learn to read. 3) Positive geared properties pay for themselves. Why would I work to pay for an investment that pays for itself? More brainpower required.
The personal attacks are a nice touch, but as usual you are well wide of the mark.
I suggest you think a bit harder, as your trolling lies are a real waste of bandwidth.
Yes, the screenshot clearly says 2015. No particular day in 2015 was specified. That gives another 3 years and 8 months.
The screen shot says 4-5 years. The post is dated Jan 2010. You have a cut off date of Jan 2015 (five years from date of post). Even a 10 year old would understand that.
The screen shot says 4-5 years. The post is dated Jan 2010. You have a cut off date of Jan 2015 (five years from date of post). Even a 10 year old would understand that.
The prediction is for Sydney house prices to approach $1M by (an unspecified day in) 2015, as measured by the Residex index.
10am is a specific time. You could possibly get away with saying 10am means an unspecified time between 10:00:00 and 10:00:59.
For most people, their watch will display 10am for this entire 60 second period.
But one minute later... it is no longer 10am.
2015 on the other hand represents an entire year.
haha.
well played. However you are clearly clutching at straws.
You did say 4 - 5 years from start of 2010 which takes you to the start of 2015. (or does 4 to 5 years mean somewhere between 4 years and 5 year and 364 days??)
And you did say BY 2015, which would think by 2015, not by the end of 2015.
Regardless, your confidence has clearly reduced as you are virtually pleading for an extension of your $1m median price through to the end of 2015.
I'd give you to 2020 and I still think you'll be wrong.
You did say 4 - 5 years from start of 2010 which takes you to the start of 2015. (or does 4 to 5 years mean somewhere between 4 years and 5 year and 364 days??)
And you did say BY 2015, which would think by 2015, not by the end of 2015.
Regardless, your confidence has clearly reduced as you are virtually pleading for an extension of your $1m median price through to the end of 2015.
I mentioned what I thought house prices might do for the next 4-5 years. I didn't say what I expected to happen in the 6th or 7th or 8th years, but I did say that I expected the Sydney median house price to approach $1M by 2015. I didn't specify by which day in 2015.
By the way, I have already had this argument with others here. It ran through several threads and probably over 100 posts. I think it was before your time here, but I'm sure nobody wants to go through another week-long argument about the meaning of the word 'by'. So let's just agree that I'm right.
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