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Do Not Buy Australian Real Estate; 5 undeniable reasons to be wary!
Topic Started: 8 Oct 2012, 11:57 AM (19,343 Views)
Timo
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You'll never hear any of the Property Pig brigade say that its not the time to buy, even when conditions are ripe for financial loss and devastation, there's "never been a better time to buy. Here are just 5 reasons it has NEVER been a worse time to buy real estate in Australia.

1: Housing Finance: At a 35 year low! Who is taking out the loans? Perhaps a few wealthy fools with more money then sense, hence the alleged "increase in capital house prices". Debunked.

2: New home sales: At a 15 year low! The typical victims the Australian Ponzi Scheme relies most heavily on - FHB - can't afford to pay 500k for a flimsy box in the middle of no where anymore. Which brings me to my next point.

3: Building company collapse: Building companies folding at record pace, on the east coast of Australia alone in March of this year 80 building companies went under! Adding to our increasing unemployment rate by the fistful.

4: Increasing unemployment: Forget the ABS 5.1%!!! They classify an employed person as working more then 1 hour of paid work per week! 1 Hour!!! Roy Morgan is a much better bet at 10% identifies both those unemployed and underemployed (the ones living off 1 hour p/week!). Look also to the drop in retail spending, where is it going? Straight to the banks in interest, while companies go under and jobs are lost.

5: Mining slowdown: This is a biggie and well known. Discussed on here in a previous thread, this spells major trouble for the continued wealth and success of Australia. Apart from income lost, jobs are going too. BHP didn't delay a multi-billion dollar expansion for nothing, these guys don't make a killing by making stupid decisions. They know the game is up, and mining will never be the same again.

The irony about the current state of the Real Estate market is that immoral and wealthy welfare tax dodge aka negative gearing is Government sanctioned! There are a whole cohort of greedy property investors and the like that will claim they are putting a roof "over your head"! Meanwhile property infestors buy established properties 92% of the time, which does NOTHING to contribute to housing stock. It simply makes it even less affordable for the average young Australian family to put a roof over their own heads.

Don't despair however folks, the market is poised to crash, poised to revert to the long term trend and restore some balance and equity in the Australian economy. So my message is continue to watch your healthy deposits grow and grow, while house prices come down and down. It will result in a more sustainable Australia for everyone.

Cheers!
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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NotFooled
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The Bear Whisperer

Timo
8 Oct 2012, 11:57 AM
...the market is poised to crash
Last decade called, they want their crash prediction back :lol

Seriously, how long is it now that we've been hearing dire predictions of an imminent crash? Easily over 10 years. I think nearly everyone has learned that these predictions are little more than wishful thinking born of greed.
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Frank Castle
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Business As Usual

Timo
8 Oct 2012, 11:57 AM

Do Not Buy Australian Real Estate
I agree 100%

By not buying you will be renting................this is fantastic for me :tu:
Increasing population squabbling over a dwindling rental pool is as good as it get for a LL
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Do Not Buy Australian Real Estate

By not buying, builders will not be building......................This this is fantastic for me as well :tu: :tu:
Increasing population squabbling over established properties can only increase those available properties desirability and value
my cunning plan of selling one every 5 years for a motza in my later years and spending those proceeds like a madman will come to fruition......yaaaaah

Also, if builders are not building we have no chance of getting the massive overbuilding which was the downfall of both Ireland and the USA.
Massive FAIL for the bears.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Timo
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Frank Castle
8 Oct 2012, 12:17 PM
I agree 100%

By not buying you will be renting................this is fantastic for me :tu:
Increasing population squabbling over a dwindling rental pool is as good as it get for a LL


By not buying, builders will not be building......................This this is fantastic for me as well :tu: :tu:
Increasing population squabbling over established properties can only increase those available properties desirability and value
my cunning plan of selling one every 5 years for a motza in my later years and spending those proceeds like a madman will come to fruition......yaaaaah

Also, if builders are not building we have no chance of getting the massive overbuilding which was the downfall of both Ireland and the USA.
Massive FAIL for the bears.
Typical example of the property pig greed cycle at work, and why you need to leave this country or start contributing to it.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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Frank Castle
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Business As Usual

Timo
8 Oct 2012, 12:30 PM
Typical example of the property pig greed cycle at work,
It must pain you that I am right :lol :to:

Quote:
 
and why you need to leave this country

Like I said earlier, as per your wishes I already spend as much time out as I can
And what will that do exactly................I still have my properties here which you rent :lol
and the money from which gets spent OS.
How does this help the economy here? :wak:
Quote:
 
or start contributing to it.

Well I already provide you lazy fkers subsidised housing, what more do you want?
Rest assured, once you and your ilk start spending big again, I will start building again...........sheep need to be shorn. :bye:
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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NotFooled
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The Bear Whisperer

Timo
8 Oct 2012, 12:30 PM
Typical example of the property pig greed cycle at work, and why you need to leave this country or start contributing to it.
The only person demonstrating greed is you which is something you steadfastly avoid denying. Pure, unadulterated greed in wishing for a crash so you can buy a property without working for it like everyone else.

Hoping for economic Armageddon that will bring pain to large numbers of struggling Australians is a disgusting and morally indefensible position. The only scum here is you.
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Timo
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NotFooled
8 Oct 2012, 12:47 PM
The only person demonstrating greed is you which is something you steadfastly avoid denying. Pure, unadulterated greed in wishing for a crash so you can buy a property without working for it like everyone else.

Hoping for economic Armageddon that will bring pain to large numbers of struggling Australians is a disgusting and morally indefensible position. The only scum here is you.
Hoping that ordinary Australians can afford a home and roof over thier head is not greed, i leave greed up to the property pigs who hope to take away peoples basic rights in life. Your conduct and greed is unconscionable.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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stinkbug
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Timo
8 Oct 2012, 01:12 PM
Hoping that ordinary Australians can afford a home and roof over thier head is not greed, i leave greed up to the property pigs who hope to take away peoples basic rights in life. Your conduct and greed is unconscionable.
Pretty sure you're just trolling now.

Everyone knows that for a massive property crash to occur there haave to be an economic armaggedon, meaning most Australians would be much worse off.
---------------------------------------------------------------

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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themoops
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If there's a crash it will be entirely the bulls' fault as they created the bubble.
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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stinkbug
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themoops
8 Oct 2012, 01:33 PM
If there's a crash it will be entirely the bulls' fault as they created the bubble.
But there won't be a crash, and therefore it's not the bulls' fault.

Confused? :lol
---------------------------------------------------------------

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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