Welcome Guest [Log In] [Register]


Reply
Perth property sets new all time high.; Bears smashed, again.
Topic Started: 10 Jun 2013, 06:43 PM (52,410 Views)
Veritas
Default APF Avatar


Mike
18 Aug 2013, 02:19 PM
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.
Oh sorry, I thought I would go on the census data, published every 5 years.

But that's cherry picking is it? :re:

Mike, do you believe housing costs relative to income for renters in WA are unchanged since 1994.

I am taking arch prick Strindberg to task. Are you backing him?

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
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Veritas
18 Aug 2013, 01:49 PM
Keep it up, I can do this all day.
Do what?

Quote:
 
I have no regrets about not buying last year. None.
Convincing.
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.
Profile "REPLY WITH QUOTE" Go to top
 
Veritas
Default APF Avatar


Shadow
18 Aug 2013, 03:58 PM
Do what?


Convincing.
Point out your lies.

Answer the question: are housing costs to income, for WA renters, the same as they were in 1994?

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
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Veritas
18 Aug 2013, 04:42 PM
Point out your lies.
What lies, and when are you going to point them out?

Quote:
 
Answer the question: are housing costs to income, for WA renters, the same as they were in 1994?
No idea, I've never looked into it. Have you got some figures?
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.
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Veritas
18 Aug 2013, 01:49 PM
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.
Veritas - I'd give it up now. It's pointless having an argument with Shadow. The guy is a professional weaver. He'll twist and turn until you've forgotten what you were arguing about in the first place. He would make a fantastic politician, or even better, he would be magic as a politician's press secretary. You can't win an argument with the shadow. Doesn't make him right of course. He very rarely is.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
Blondie girl
Member Avatar


zaph
18 Aug 2013, 02:12 PM
I see you've sent your pc in for repairs and got your 'o' key repaired.
No
Not at all, I've just not been my usual silly humoured self.
Thank you for reminding me

Oooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooohh
Oooohhhhhhh
Oh

;)
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.
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

newjez
18 Aug 2013, 06:15 PM
He'll twist and turn until you've forgotten what you were arguing about in the first place.
Not my fault if you have the memory of a goldfish. I'll try to get you up to speed. The argument is about Strindberg's sig which contains ABS data showing national housing costs relative to incomes haven't changed much since 1994.

Veritas is attempting in vain to disprove this fact using unrelated data (nominal price rather than mortgage repayments / income, and WA-only rather than national) and from a different time period (2006-2011 rather than 1994-2010). It's all a bit silly.

Quote:
 
Doesn't make him right of course. He very rarely is.
Oh, so house prices have crashed have they?
Edited by Shadow, 18 Aug 2013, 06:43 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.
Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


Shadow
18 Aug 2013, 06:34 PM
Not my fault if you have the memory of a goldfish. I'll try to get you up to speed. The argument is about Strindberg's sig which contains ABS data showing national housing costs relative to incomes haven't changed much since 1994.

Veritas is attempting in vain to disprove this fact using unrelated data (nominal price rather than mortgage repayments / income, and WA-only rather than national) and from a different time period (2006-2011 rather than 1994-2010). It's all a bit silly.


Oh, so house prices have crashed have they?
I am not sure why you are posting on this thread.

You refuse to predict future gains in Perth so really... Who cares what you have to say....

After all that is what this is all about.
Profile "REPLY WITH QUOTE" Go to top
 
Mike
Default APF Avatar


Veritas
18 Aug 2013, 02:55 PM
Oh sorry, I thought I would go on the census data, published every 5 years.

But that's cherry picking is it? :re:

Mike, do you believe housing costs relative to income for renters in WA are unchanged since 1994.

I am taking arch prick Strindberg to task. Are you backing him?
Rents and Mortgages have remained close to the long term trend. You may have periods where one will show high growth for a few years but that levels over the longer time frame as you factor in years of no growth or declines.

Over the last 10 years Perth had a period of 5 years of solid growth and 5 years of no growth or decline. Same for rents, in recent years we have seen rents rise but that is after a long period of slow growth.

5 year time frames are too short to look at the cycle of markets as that will only show one part of a cycle. Look at our current cycle, the property bull market. 2012 was low growth follow by high growth in 2013 and most likely high growth in 2014 and 15 prior to prices stagnating or small declines. We could be on the cusp of another boom year like 2006 when prices shot up 45% in one year, It is not my personal opinion this will happen but there is a higher risk of this happening now due to a shortage of supply vs demand. You know my personal view point for the next few years.

Edited by Mike, 18 Aug 2013, 07:06 PM.
http://mike-globaleconomy.blogspot.com.au/
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Well, my brother has sold his house. So prices can crash in Perth for all I care. 30 days on the market. Not hot, but not cold. Offer was cash, but on the low side.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy