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Perth property sets new all time high.; Bears smashed, again.
Topic Started: 10 Jun 2013, 06:43 PM (52,411 Views)
Black Panther
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goldbug
18 Aug 2013, 01:11 AM
I believe house prices in Australia will trend down over the longer term. I have dozens of fundamental indicators like unsustainable debt levels and unsustainable mortgage rates, as well as several years of downward trends to back up the belief. What do you base your belief on?
No, the fundamentals are indicating we are entering a super boom.

You really should buy know. From this point on prices are going up, Strongly.
Edited by Black Panther, 18 Aug 2013, 11:18 AM.
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Veritas
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Black Panther
18 Aug 2013, 11:13 AM
No, the fundamentals are indicating we are entering a super boom.

You really should buy know. From this point on prices are going up, Strongly.
Unpack that please.

For once.

Your shrill predictions designed to frighten the children are getting old.
Shadow
18 Aug 2013, 08:53 AM
There's nothing to reconcile. They both show completely different things.

This was explained to you in great detail in thread...

http://australianpropertyforum.com/topic/9861884/5/#post8390723

Which Strindberg has already linked for you a few posts back.

Go read the thread again if you've forgotten.

Getting angry and hurling abuse won't help you.
Bullshit.

But I'm not surprised his boyfriend has arrived to try and bail him out.

The sig is horses shit.

Unless you believe that income in WA for example increased at the same rate as rents (76%)?
Edited by Veritas, 18 Aug 2013, 01:17 PM.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Shadow
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Evil Mouzealot Specufestor

Veritas
18 Aug 2013, 01:14 PM
The sig is horses shit.

Unless you believe that income in WA for example increased at the same rate as rents (76%)?
Your statement/question is unrelated to the contents of Strindberg's sig.

Quote:
 
Bullshit.

But I'm not surprised his boyfriend has arrived to try and bail him out.
You should have listened to us a year ago when Perth house prices were 12% lower.

It's too late hurling abuse now. I know you're angry, but like I said, hurling abuse won't do you any good.
Edited by Shadow, 18 Aug 2013, 01:24 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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Veritas
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Shadow
18 Aug 2013, 01:24 PM
Your statement/question is unrelated to the contents of Strindberg's sig.


You should have listened to us a year ago when Perth house prices were 12% lower.

It's too late hurling abuse now. I know you're angry, but like I said, hurling abuse won't do you any good.
Wiggle, Wiggle, Wiggle.

Keep it up, I can do this all day.

Who says I wanted to buy a house? Please be assured that I have no regrets about not buying last year. None.

Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Pig Iron
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Bogan scum

Veritas
18 Aug 2013, 01:49 PM
Who says I wanted to buy a house? Please be assured that I have no regrets about not buying last year. None.
then why all the hand wringing from you? why would you even be on here?!

atleast own up to what you are really about.
I am the love child of Tony Abbott and Pauline Hanson
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Mike
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Veritas
18 Aug 2013, 01:14 PM
Unpack that please.

For once.

Your shrill predictions designed to frighten the children are getting old.

Bullshit.

But I'm not surprised his boyfriend has arrived to try and bail him out.

The sig is horses shit.

Unless you believe that income in WA for example increased at the same rate as rents (76%)?
WA incomes for men and women have increased by 87% over the last 10 years, well ahead of growth in rents.

It pays to do your own research prior to making stupid comments.

http://australianpropertyforum.com/topic/9939446/1/#new

Data as per the ABS.

http://mike-globaleconomy.blogspot.com.au/
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Veritas
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Pig Iron
18 Aug 2013, 01:52 PM
then why all the hand wringing from you? why would you even be on here?!

atleast own up to what you are really about.
Timmy though experiment: Lets say I already own a house but am interested in the movement of the housing market for any of all of the following reasons.

1. The importance of the housing market to the economy.
2. The political economy of the housing market
3. The social cost of the housing boom
4 The risk to the financial system caused by the property finance construct
5 Housing stress and homelessness
6 the role of neoliberalism in the development of the Australian housing market and markets in other anglophone, in particular, countries.
7 State and Federal housing policy

So whether you have a house, dont have a house, want a house, dont want to buy; there is plenty to talk about.

Essentially, Timmy this forum is about discussion of housing as a political, social and economic issue as it is about gaining information to time the market.



Mike
18 Aug 2013, 01:56 PM
WA incomes for men and women have increased by 87% over the last 10 years, well ahead of growth in rents.

It pays to do your own research prior to making stupid comments.

http://australianpropertyforum.com/topic/9939446/1/#new

Data as per the ABS.
What about between 2006 and 2011 Mike?

That's the increase we are talking about.

Not 2003-2013

You get your facts straight.
Edited by Veritas, 18 Aug 2013, 02:01 PM.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Blondie girl
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Veritas
So, when is it the "right time "to buy a home of your own?

I'm not talking investment purposes.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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zaph
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Blondie girl
18 Aug 2013, 02:04 PM
Veritas
So, when is it the "right time "to buy a home of your own?

I'm not talking investment purposes.
I see you've sent your pc in for repairs and got your 'o' key repaired.
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Mike
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Veritas
18 Aug 2013, 01:59 PM



What about between 2006 and 2011 Mike?

That's the increase we are talking about.

Not 2003-2013

You get your facts straight.
Why are you cherry picking the data. The largest house price increases for Perth occurred during 2003 to 2006 when prices went up some 80%+.

Stop looking at short periods to try and move data to suit your view point. Incomes have increased in WA by 87% for men and women as per the ABS in the last 10 years.

You are cherry picking data, you move the goal posts to suit you're view point.
http://mike-globaleconomy.blogspot.com.au/
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