Here's the headline "Web-dwelling doomsayers will be proven wrong… again" and introductory paragraph " Why do property doomsayers get so much attention when they’re consistently wrong? Their dire warnings make for interesting headlines and web forum discussions,... "
Here's a few gems
" Not all online commentators are as enthusiastic in their views, but all of them are pretty unconvincing. They lack data, knowledge or some other form of evidence to back up their claims".
"I am however fairly confident most property doubters are wrong – again".
Yeh yeh most readers understand the magazine editor and sub editor will always positively promote property and act in the best interests of your customers and advertisers here http://www.apimagazine.com.au/business-directory
However Shannon Molloy's emotive, subjective, non specific statements and gross generalisations don't appear to be targeted to any particular online forum or online commentator. It is a general strange rant at online commentators, who publish ideas, opinions, statistics and data in the public domain.
Was yesterday the 24 Oct 2012 a bad day in the office for Shannon Molloy, Deputy Editor of Australian Property Investor magazine?
Or is a drop in official magazine circulation figures from 37,000 copies in 2008 to 23,057 copies in Dec 2011 effecting office morale?
Of course declining magazine circulation figures are less attractive to advertisers. Declining magazine sales revenue and less advertising revenue can hurt. Oouch ....
For the past two years the vast majority of housing investors have been losing money. The spruiker industry is urging "don't sell", continue losing money for another 8 years!!!
Sensible investors sell up losing investments and move to another field with a better return. Plenty of shares that pay better than rental return.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
For the past two years the vast majority of housing investors have been losing money. The spruiker industry is urging "don't sell", continue losing money for another 8 years!!!
Sensible investors sell up losing investments and move to another field with a better return. Plenty of shares that pay better than rental return.
They trap themselves count, there is a deep psychology at work. The previous investment trap.
Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan
A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
And the difference between him and me and any other property expert is they " THINK" , I " KNOW".
you know in the same way some people just "know" unicorns exist. facts and evidence be damned, they just KNOW IT!!!!
The fact is timmy , I have been proved right so many times it could not be counted, but these so called experts cant get it right once , not once timmy .
Thats says they are either liars or dopes , if you wish to take advise from them timmy , just keep going , they will send people to their own destruction , it should be fucking illegal for these fuckwits to even open their mouth ,they are ruining people lives , sad but so true it not funny timmy.
stinkbug
26 Oct 2012, 09:54 AM
DANNO178
26 Oct 2012, 09:44 AM
And the difference between him and me and any other property expert is they " THINK" , I " KNOW".
The Reserve Bank’s commodities index has risen for the past two months. In Australian dollar terms, it’s higher than it was a year ago. So much for the reported death of commodities.
Also released yesterday were Australian Bureau of Statistics building approvals and business indicators figures, including June quarter corporate profits. From the ABC to even these hallowed pages and everywhere in between, those key numbers were, ahem, somewhat misreported. Nothing seems to be quite what you’ve been led to believe.
On the more reliable trend measures, building approvals were good but not as astoundingly strong as generally trumpeted and company gross operating profits were up 1.2 per cent from the March quarter, not down the 0.8 per cent as you were more likely to be told.
The most cursory glance at the accompanying ABS building approvals graph shows that the shadow “seasonally adjusted” line is too erratic to mean much from month to month. That’s why the ABS reports the trend figures first and prints the trend line darker – but the market commentators all seem to concentrate on that ratbag seasonal number.
Remember all the “China slowing” stories, not to mention the occasional “China’s collapsing”? Turns out China is growing nicely.
Throughout all those headlines about various purchasing managing indices allegedly showing Chinese industrial production contracting, it’s actually continued to surge – as the accompanying RBA graph shows. Now that the PMIs are back above 50, nothing much has changed. Oh, it’s a positive, but it’s only a matter of degree.
And so it goes. The bigger number, the wilder swing dominate proceedings. And if it’s a scarier story, it will certainly strike chords. When there’s something of a national desire to find the dark lining to a relatively silver cloud, it will be found.
There’s a small army of market economists who should know better, but, hey, you’re not likely to get quoted if you’re hosing down the national mood.
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