Nice graph, confirms the bears belief that houses were affordable in 1997 and 1987. At 3x income. Now they are 8x income. Cant see why it will be 12x income.
Good a gawd. It's "The Bag" chipping in with a does of its statist the realism. But mouse can find a solace in its words, as it relate to asset price (even though it cannot be a prove). Problem is that it cannot be the prove that a exponential can be a created by master. If mouse understands what the exponential really the mean, a master need to be able to manipulate its "abstract" until a infinity. Goodness a grief!
But even in a natural world, a Moore's Law express a limitation of exponential. A Moore stated that exponential eventually end in a disaster.
But of a course, mouzelaot not the well schooled in such matter.
Thank you for revealing your lack of knowledge and lack of comprehension which fits well with your lack of expressive ability.
Moore's law is entirely irrelevant to the point I was making about prices and incomes measured in abstract quantities.
Moore's law is a physical concept and will eventually come up against the physical constraint of atomic dimensions.
It sounds like you (and thousands of other price bears) have been duped by the famous deeply flawed Youtube video by the doddering old codger Albert Bartlett. In that old video he stupidly mocks the possibility of ski lift prices rising by 7% pa as if such a thing is logically impossible. The video is fine where it considers the exponential function in relation to real physical quantities. But the video utterly makes an ass of Barlett and his duped followers like the Cat when it stupidly applies the concept of exponential growth limits to abstract quantities like unbacked dollars which can be produced at will by authorities by nothing more than data entries in a computer.
I suggest you go to another website where you'll find others. like yourself, who are also interested in old childrens' TV programs.
Nice graph, confirms the bears belief that houses were affordable in 1997 and 1987. At 3x income. Now they are 8x income. Cant see why it will be 12x income.
You need to read the graph again - it says no such thing. Hint: I think you are looking at the wrong Y-axis (LHS = left hand side, RHS = right hand side).
For Aussie property bears, "denial", is not just a long river in North Africa.....
Catweasel say frightening. The Bag and forum mouse believe a exponential describes an abstract directionally and is not mathematical the function. And it quite the possibly believe it. No wonder master can the get away with what it like.
Nice graph, confirms the bears belief that houses were affordable in 1997 and 1987. At 3x income. Now they are 8x income. Cant see why it will be 12x income.
Maybe it will - but none of us have a crystal ball that works, so no-one really knows.
Given that we now have two people working to fund most mortgages, and rates have stabilised at low levels, I'd say any growth will come from increases to disposable income. When incomes creep up, look to housing to do the same (barring some other major economic event).
Catweasel say frightening. The Bag and forum mouse believe a exponential describes an abstract directionally and is not mathematical the function. And it quite the possibly believe it. No wonder master can the get away with what it like.
WTF? No that's not what anyone is saying at all - quite the opposite; Of course the term "exponential" describes a specific type mathematical function; What else would it mean??? No-one has said anything like what you have claimed in your post?
What is it you think you are talking about? On second thoughts, don't bother to answer that please...........
It the very useful insight into misunderstand. It should use its "exponential abstract" to a explain wealth destruct through price level of asset. Of the course, some the nutty theory will prove (but not the disprove).
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