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A Storm is Brewing for the Australian Economy and Housing Bubble; Ignore the thunder, get washed away in the rain. Troubling combination of factors that cannot be ignored.
Topic Started: 23 Jan 2013, 05:47 AM (23,240 Views)
Pig Iron
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Bogan scum

herbie
26 Jan 2013, 06:21 PM
I DON'T insist on using them Timmy - If you have more recent ABS stats I'd be interested in seeing them. But I looked (before posting) and it seems the next lot don't come out until 5 Feb 2013. (And for mine you can stick all the other Oz housing stats - The REI whatever, the Joyster's cooked hedonic index, the Demographia land developer's annual spruik etc where the sun don't shine - I at least trust the ABS established house price index a little bit ... :re: )
be honest with yourself now. ABS follows RPData and all the index's over time, and there's been 5 consecutive rises in the ABS Data. do you really think RPData is wrong and the numbers and feb will show a drop????

highly highly unlikely.....
I am the love child of Tony Abbott and Pauline Hanson
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herbie
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timmy
26 Jan 2013, 06:41 PM
be honest with yourself now. ABS follows RPData and all the index's over time, and there's been 5 consecutive rises in the ABS Data. do you really think RPData is wrong and the numbers and feb will show a drop????

highly highly unlikely.....
I always try to be honest with myself Timmy - Not much point being anything else is how I see things.

Hmmm ... Just checked Timmy and after those 5 consecutive rises you mention the ABS established house price index for Perth in June 2012 is 2.2% above where it was in December 2007. As I said, nothing to write home to Mother about. Though if you've picked up a percent or three since then, then good luck to you. But as I said, should the mining thing turn, you are in for a pretty severe reality check I'd expect? :re:
Edited by herbie, 26 Jan 2013, 07:08 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Fullvalda
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herbie
26 Jan 2013, 06:52 PM
I always try to be honest with myself Timmy - Not much point being anything else is how I see things.

Hmmm ... Just checked Timmy and after those 5 consecutive rises you mention the ABS established house price index for Perth in June 2012 was 2.2% above where it was in December 2007. As I said, nothing to wite home to Mother about. Though if you've picked up a percent or three since then, then good luck to you. But as I said, should the mining thing turn, you are in for a pretty severe reality check I'd expect? :re:
EXACTLY :hmm:
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Pig Iron
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Bogan scum

herbie
26 Jan 2013, 06:52 PM
I always try to be honest with myself Timmy - Not much point being anything else is how I see things.

Hmmm ... Just checked Timmy and after those 5 consecutive rises you mention the ABS established house price index for Perth in June 2012 is 2.2% above where it was in December 2007. As I said, nothing to write home to Mother about. Though if you've picked up a percent or three since then, then good luck to you. But as I said, should the mining thing turn, you are in for a pretty severe reality check I'd expect? :re:
iron ore is at $145/t and holding. you can pin your hopes of a crash on mining collapsing if you want.
I am the love child of Tony Abbott and Pauline Hanson
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herbie
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timmy
26 Jan 2013, 07:42 PM
iron ore is at $145/t and holding. you can pin your hopes of a crash on mining collapsing if you want.
You've got me all wrong Timmy - I'm not pinning my hopes on $145/t iron ore holding (or not). Though perhaps the highly leveraged Perth property investor is?
Edited by herbie, 26 Jan 2013, 07:57 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Timo
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timmy
26 Jan 2013, 04:48 PM
you still don't get it do you. for all our sakes take a night course in statistics or something.....

look, upper swan grew 55%!!!!!!!

http://reiwa.com.au/Research/Pages/Suburb-profile-results.aspx?suburb_id=3069&census_code=3069&geogroup_id=2671&geogroup_parent_id=3
lol someones growing increasingly desperate, sad to see fun to watch hahahahah
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
28 Jan 2013, 02:48 AM
lol someones growing increasingly desperate, sad to see fun to watch hahahahah
Now you are obviously referring to the bears. Increasing desperation is their hallmark :lol No crash, their selfish dreams of economic armageddon receding, fear that their lives have been wasted while waiting for a price crash that never came... it's a bad time to be a bear.
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Timo
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NotFooled
28 Jan 2013, 08:14 AM
Now you are obviously referring to the bears. Increasing desperation is their hallmark :lol No crash, their selfish dreams of economic armageddon receding, fear that their lives have been wasted while waiting for a price crash that never came... it's a bad time to be a bear.
I'm referring to the process of increasing affordability for many Australians for a basic right and need. In your eyes and every other urchin vested in property, of cause its a bad time to be a bear, because its "never been a better time to buy" at any point in time, for any reason and at all cost necessary to fuel the blatant greedy scum sucking of the average property pig.

A.R.E.P.S ( Australian Real Estate Ponzi Scheme)

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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peter fraser
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Timo
29 Jan 2013, 04:09 AM
I'm referring to the process of increasing affordability for many Australians for a basic right and need. In your eyes and every other urchin vested in property, of cause its a bad time to be a bear, because its "never been a better time to buy" at any point in time, for any reason and at all cost necessary to fuel the blatant greedy scum sucking of the average property pig.

A.R.E.P.S ( Australian Real Estate Ponzi Scheme)
Can I ask why you believe that housing is a basic right. Wouldn't it be like food, a car, clothes, and everything else that we need? Don't we all have to buy them ourselves? No one gives them to me, do they give them to you?

I never did understand the "Ive got a right to a house" belief - can you explain that to me please?

How do you justify that, and exactly what is your expectation?



Any expressed market opinion is my own and is not to be taken as financial advice
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stinkbug
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Timo
29 Jan 2013, 04:09 AM
I'm referring to the process of increasing affordability for many Australians for a basic right and need. In your eyes and every other urchin vested in property, of cause its a bad time to be a bear, because its "never been a better time to buy" at any point in time, for any reason and at all cost necessary to fuel the blatant greedy scum sucking of the average property pig.

A.R.E.P.S ( Australian Real Estate Ponzi Scheme)
Housing is not a right. If you think it is, then please provide evidence showing this to be the case.
---------------------------------------------------------------

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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