Yes, but may I point out that he took a cracking right to the jaw on his other thread regarding interest rates, so points wise he has some ground to make up, and his head may be still spinning, so I think that he needs the bell to ring about now so that he can collect his thoughts and get a towel down.
Ding......
Yeah. It took 3-5 of you to land one hit, made up by a very specious argument that supposedly 1.7 million negative gearers are supposedly positively geared by now. Which you have no proof of.
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.
If you read the article. NSW repo sales are stated as being "on track" to reach a level more than 30% LOWER than the peak in 2008.... *yawn*. In Vic they *might* reach the same level or thereabouts as 2008, again *yawn*. Even at these levels we are talking about a foreclosure rate of less than 0.1%. Again.... *yawn*.
The statistics are hidden, it says so in the article, the mafia is hiding the true state of the property market.
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.
Suits me. I'm in NSW. You also forgot about all the other states, which are also in the shit, except for supposedly WA and NT. Which all rely on mining, which is looking ever more precarious.
moops the only thing precarious is your grip on reality. I liked your other comment about how the mafia is hiding the truth about the property market, of which only themoops is clever enough to uncover. paranoid delusion at it's best right there.
I am the love child of Tony Abbott and Pauline Hanson
moops the only thing precarious is your grip on reality. I liked your other comment about how the mafia is hiding the truth about the property market, of which only themoops is clever enough to uncover. paranoid delusion at it's best right there.
Why do you have to be a moron?
Quote:
Hence, Mr Kovacs says it is impossible to know whether the mortgage market is “really bad or just okay.” “When you get the real estate industry fudging figures and you get banks doing the same, well, what's real and what isn't?” Economist blogger Leith van Onselen said centralised national foreclosure or repossession data "is almost impossible to get and we're reliant on the odd RBA speech to give the colour,”
In case you didn't know I declare banks, most of the media, developers, property investors, re agents and re spruikers as the property mafia.
Although the media has been improving of late. At least the online media.
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.
judd your not seriously using ACA as a source are you?
The source was not ACA but rather somebody claimed to be Paul Flynn who said in the program foreclosures were worse than in his 25 years experience of foreclosures
Are you saying he made it up?
Anyway the source of the mans quote was provided to me by Kovacs web site. Are you challenging him as a source? Kovacs was quoted as saying foreclosures were up 48% in QSLND 41% in NSW and 37% for Victoria for the december quarter
Kovacs was also very critical of the quality of foreclosure information officially available to him when he claimed it was available to people closer to government and banking and others in the real estate industry. Are you challenging that?
On what basis are other people saying the foreclosure rate is very small?
Yes, but may I point out that he took a cracking right to the jaw on his other thread regarding interest rates, so points wise he has some ground to make up, and his head may be still spinning, so I think that he needs the bell to ring about now so that he can collect his thoughts and get a towel down.
Ding......
I delivered a killer blow to you in zaphs interest rate thread and yet you have the hide to say this crap to moops. Intelligent stuff
moops did you even read the article? it's talking about NSW and VIC, both of which are in the shit and we all know it. their individual problems do not translate to the rest of Australia. it would appear that you regurgitate anything onselen posts.
yes,
NSW and Vic are hardly all of Australia.
Mind you, Qld property is also in a very bad way... not to mention Tasmania.
So other than NSW, Vic, Qld and Tasmania, property is doing very well in Australia, generally speaking...
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