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Buyer's market or marketing for buyers?
Topic Started: 18 May 2012, 05:31 PM (1,493 Views)
chrisved
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Buyer's market or marketing for buyers?

http://theage.domain.com.au/real-estate-news/blogs/domain-investor-centre-blog/a-buyers-market-cometh-20120518-1yuyy.html

Fire away...
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Trojan
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chrisved
18 May 2012, 05:31 PM
Good article - I like seeing things in hindsight.
The underlying question is whether we have hit the bottom yet.
And of course without the benefit of hindsight, no one knows but everyone has their opinion ....
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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muzza
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Appreciate your efforts Chris, always worth reading your stuff. There are so many vested interests in the field, or lazy types who don't read past the press releases, your stuff is a breath of fresh air.
Thank you. :D
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Elastic
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+1
It's nice too see someone strip away the facade from time to time.
It's like a cool breeze and a cold beer after walking through the desert all day.
Only a rat can win a rat race.

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themoops
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Nice to see someone from Fairfax actually adhering to the left rather than just pretending to and being another chardonnay socialist poseur. Good stuff.

$13k saved in Sydney, not bad.

$35k saved in Melbs, wow, fuck you Melbourne. Lucky bastards.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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TMR
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Is that the real Chris V? If so, keep up the good work, always enjoyable reading your pieces in The Age.

:bye:
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Aussiehouseprices
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Chris, I'm a big fan of your work. I just have a slight issue with this article.

If I understand correctly, you are saying that it was not a buyer's market one year ago, evidenced by subsequent prices falls That seems to imply that a buyer's market means it's a good time to buy. And the spruikers certainly use the term in this way.

However, Investorwords.com defines a buyers market as:
Quote:
 
A market which has more sellers than buyers. Low prices result from this excess of supply over demand.

So, I would argue that it was the beginnings of a buyer's market and therefore not a good time to buy.

Yes, if you happen to be buying in a buyer's market, you'll have the upper hand in price negotiations. But when a market changes from a sellers market to a buyers market, by definition, you're probably buying at or near the top.

How do others interpret this term?
Edited by Aussiehouseprices, 18 May 2012, 09:11 PM.
Aussie House Prices blog
Latest post: Real Estate 101 - Lecture 1: Never use the "F" word
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miw
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Aussiehouseprices
18 May 2012, 08:56 PM
Chris, I'm a big fan of your work. I just have a slight issue with this article.

If I understand correctly, you are saying that it was not a buyer's market one year ago, evidenced by subsequent prices falls That seems to imply that a buyer's market means it's a good time to buy. And the spruikers certainly use the term in this way.

However, Investorwords.com defines a buyers market as:


So, I would argue that it was the beginnings of a buyer's market and therefore not a good time to buy.

Yes, if you happen to be buying in a buyer's market, you'll have the upper hand in price negotiations. But when a market changes from a sellers market to a buyers market, by definition, you're probably buying at or near the top.

How do others interpret this term?
I interpret it the same way as you do. In a buyer's market, almost by definition the trend will be downwards because the buyers are setting the prices.

The time to buy is at the very beginning of a seller's market. Usually you will be several percent off the bottom before you can pick it.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Pig Iron
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Bogan scum

buyers market will continue for atleast a year yet i think. europe is no closer to resolving it's issues, we won't see the up swing until europe is stable and america is growing.
I am the love child of Tony Abbott and Pauline Hanson
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zaph
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timmy
19 May 2012, 01:15 PM
buyers market will continue for atleast a year yet i think. europe is no closer to resolving it's issues, we won't see the up swing until europe is stable and america is growing.
i foresee 4-8 years of bumping along the bottom in most markets.
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