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Perth property sets new all time high.; Bears smashed, again.
Topic Started: 10 Jun 2013, 06:43 PM (52,430 Views)
Elastic
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Strindberg
5 Aug 2013, 06:17 PM
I haven't written anything of the sort. You made that up.

All housing data lags because it is compiled from a period rather than an instant in time. I suspect RP Data is the best and most up to date that we have. Louis Christopher's claim that RP Data is 3 months behind the ABS is poppycock and something he made up to fit a message he was selling. Louis' record on house price data when he was with APM was appalling (eg see here).

I fully believe that Perth house prices, calculated on the latest data available to RP Data today, are 10% higher than Perth house prices calculated on the latest data available to RPData on 5 August 2012. What more do you want? What more can you expect?
Sorry Strindberg, it must have been Shadow.
It's easy to get confused when you are both singing from the same hymn book.
Only a rat can win a rat race.

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Shadow
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mango66
5 Aug 2013, 07:28 PM
You don't own it timmy till the last payment is made. There's no argument.
You own a house as soon as your name is on the title, which is immediately upon completion of the sales contract, regardless of any lender's interest in the property.

Quote:
 
Something you own in real terms can not be taken from you.
Anything can be taken from anybody.

Quote:
 
Take a break from paying your mortgage and we will see if you redefine your definition of ownership.
Take a break from obeying the law and we will see if you redefine your definition of 'free'.

Take a break from eating and we will see if you redefine your definition of 'alive'.

What was your point?
Elastic
5 Aug 2013, 08:12 PM
Sorry Strindberg, it must have been Shadow.
It's easy to get confused when you are both singing from the same hymn book.
I have said the RPData index lags by 3-6 months, and so do all the other indices.
mango66
5 Aug 2013, 07:22 PM
Wow a whole 12% . That would be guzzled by some wanker RE agent in sales commission if you decided to sell and move and buy elsewhere and that's not including the shitloads of interest the arsehole banks would reap over the timeframe you talk about.
LOL, prices go up 12% in a year and a half, but the bear thinks that's still a dud investment.

Seriously, it's no wonder you bears fail so badly.
Edited by Shadow, 5 Aug 2013, 08:24 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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newjez
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Strindberg
5 Aug 2013, 07:24 PM
I posted the following on another thread. It's relevant here.

I've noticed this suggestion of slowing growth (incomes, house prices, whatever). It seems to be the new paradigm being pushed by bears. It's a face saving device. There is bugger all bearishness in predicting on going growth, even if the rate of growth slows.

For years we had the prediction of a crash (houses, incomes, whatever). That morphed into the prediction of a slow melt. That's now morphed into a slowing of the rate of growth.

I preferred the old days when bears had commitment and didn't wiggle so much.
You don't know what a reverse parabola looks like?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Elastic
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Shadow
5 Aug 2013, 08:19 PM
You own a house as soon as your name is on the title, which is immediately upon completion of the sales contract, regardless of any lender's interest in the property.


Anything can be taken from anybody.


Take a break from obeying the law and we will see if you redefine your definition of 'free'.

Take a break from eating and we will see if you redefine your definition of 'alive'.

What was your point?

I have said the RPData index lags by 3-6 months, and so do all the other indices.

LOL, prices go up 12% in a year and a half, but the bear thinks that's still a dud investment.

Seriously, it's no wonder you bears fail so badly.
Do you think the SQM "asking prices" index is more up to date?
Only a rat can win a rat race.

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miw
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Elastic
5 Aug 2013, 08:28 PM
Do you think the SQM "asking prices" index is more up to date?
Probably. It's done by screen scrape so it is probably up-to-the-minute.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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mango66
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Shadow
5 Aug 2013, 08:19 PM
You own a house as soon as your name is on the title, which is immediately upon completion of the sales contract, regardless of any lender's interest in the property.


Anything can be taken from anybody.


Take a break from obeying the law and we will see if you redefine your definition of 'free'.

Take a break from eating and we will see if you redefine your definition of 'alive'.

What was your point?

I have said the RPData index lags by 3-6 months, and so do all the other indices.

LOL, prices go up 12% in a year and a half, but the bear thinks that's still a dud investment.

Seriously, it's no wonder you bears fail so badly.
Your a complete dick Shadow. You just don't know it yet. :D you must be single. No woman could put up with your annoying ways :lol

Whatever you reckon sport. We will go with that then.
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newjez
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mango66
5 Aug 2013, 08:52 PM
Your a complete dick Shadow. You just don't know it yet. :D you must be single. No woman could put up with your annoying ways :lol

Whatever you reckon sport. We will go with that then.
Funny how some people argue a point till the cows come home,unless of course it is made by someone in an ajoining paddock.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Shadow
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Evil Mouzealot Specufestor

mango66
5 Aug 2013, 08:52 PM
Your a complete dick Shadow
Your abuse was profound, but the word you're looking for is "you're".

What does a partial dick look like?
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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mango66
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Shadow
5 Aug 2013, 09:24 PM
Your abuse was profound, but the word you're looking for is "you're".

What does a partial dick look like?
It looks like you a couple of years ago.


Are you paying a mortgage on any IP's you own and if so why. If I own something I own it, why would I keep paying for it?
So what you are saying is when the banks foreclose on an unpaid mortgage and send people around to kick you out change the locks they are doing so because they have no ownership on the said property. That makes sense doesn't it.
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Shadow
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mango66
5 Aug 2013, 09:35 PM
Are you paying a mortgage on any IP's you own and if so why.
No, I have tenants to pay the mortgage for me.

Quote:
 
If I own something I own it, why would I keep paying for it?
Because it's beneficial to take legal possession early, and then pay later. That way you benefit from capital growth, and get to live in your own house rather than living under the control of landlords, forking out dead rent money every week. Is that what you do?

Quote:
 
So what you are saying is when the banks foreclose on an unpaid mortgage and send people around to kick you out change the locks they are doing so because they have no ownership on the said property.
No, that occurs because the bank has a financial interest in the property.

Even under a mortgagee sale, the bank never owns the property. The title passes from the original owner to the new buyer.

Quote:
 
That makes sense doesn't it.
It sure does.
Edited by Shadow, 5 Aug 2013, 09:50 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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