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Perth property sets new all time high.; Bears smashed, again.
Topic Started: 10 Jun 2013, 06:43 PM (52,404 Views)
Shadow
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Evil Mouzealot Specufestor

Veritas
22 Aug 2013, 11:48 AM
What are they counted as then? Do you know?
They're not counted as anything. Only dwellings are counted. The ABS home ownership rates don't count people, only dwellings.

Quote:
 
Have you followed this debate at all you clown?
When will you learn that hurling abuse doesn't help you?
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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Elastic
22 Aug 2013, 11:59 AM
I wish I had your patience Veritas.
Thanks Elastic!

I'm quickly running out of patience.

The absolute inability and unwillingness of the main bulls to acknowledge that anyone not on Team Bull might have a point about...well, just about anything calls into question what the purpose of this forum is.


Shadow
22 Aug 2013, 12:02 PM
What are they counted as then? Do you know?
They're not counted as anything. Only dwellings are counted. The ABS home ownership rates don't count people, only dwellings.


When will you learn that hurling abuse doesn't help you?[/quote]

Will you learn that misrepresenting my argument and then disagreeing with the misrepresentation you just fabricated does not equate to you being proved right and me being proved wrong?

Shadow, in the course of this debate, I have asked you several direct questions. I have detailed my argument, step by step, on several occasions.

You refuse to answer the questions or acknowledge the points I am making.

You are not serious about debating this issue in an honest way.

Your agenda is purely to discredit me by whatever means necessary. I presume this is because as with Strindberg you cannot allow the core narrative, your core narrative, to be threatened in any way. I have pointed this out many times.

You present yourself as an honest debater of the issues. But, as evidenced clearly, in this debate you are nothing of the sort.

More fool me for debating with someone who is so blatantly lacking in integrity
.
Edited by Veritas, 22 Aug 2013, 12:10 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
22 Aug 2013, 12:04 PM
You refuse to answer the questions
I answered your question. You asked... 'What are they counted as then?'

And I answered that they're not counted as anything... the ABS home ownership rates don't count people, only dwellings.

Quote:
 
Will you learn that misrepresenting my argument
I didn't misrepresent anything. You asked a question and I gave you the answer.
Edited by Shadow, 22 Aug 2013, 12:14 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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Trojan
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Elastic
22 Aug 2013, 11:59 AM
I wish I had your patience Veritas.
I do too (I give in too easily to my kids) - but I'll use it to argue when I am right.
Patience to argue when you are wrong is known as stubborness.
Edited by Trojan, 22 Aug 2013, 12:23 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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Veritas
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Trojan
22 Aug 2013, 12:23 PM
Elastic
22 Aug 2013, 11:59 AM
I wish I had your patience Veritas.
I do too (I give in too easily to my kids) - but I'll use it to argue when I am right.
Patience to argue when you are wrong is known as stubborness.
Tell me exactly what I have said that is wrong in the context of this debate.

Otherwise, take your snide remarks elsewhere.

In case you don't know, and are merely entering the fray to discredit a member of the other team, here is a summary of my position:

Quote:
 
Once more for clarity:

1. I understand perfectly well what the ABS "home ownership rate" data refers to. It is the percentage of properties that are owner occupied.
2. I have posited in at least 10 separate posts why I believe this is a sub optimal way of establishing the home ownership rate in this country because it tells us nothing about how many adults own their own homes versus those who enjoy a different form of housing tenure.

Edited by Veritas, 22 Aug 2013, 12:34 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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Simon
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Veritas
22 Aug 2013, 11:48 AM
What are they counted as then?
if you still need ask the answer to this your a lost cause, how many times must it be explained to you before it sinks in
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SOR
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Hi all, as a seasoned propety watcher and owner of a few modest IP's I can safely say the market seems to have cooled a bit in the area I have been targeting. The frenzy earlier this year seems to be on hold until the election, even tho FH buyers should be rushing to get their extra 3k on existing dwellings, even then 3k isnt very signifcant when you consider how much you can bargain off a house in the right circumstances. As a investor I'm feeling quite worried about global instability, and the fact that WA's mining is severely slowing down plus big new plans being shovelled out the door(james price point lng). The 07 boom was caused by increasing incomes, real incomes in Perth have fallen or stayed flat due to increased cost of living, and no boosts in wages to compensate. Huge underemployment is occuring in the private sector, while the public sector has excess amounts of red tape, and "management" or non essential roles... receptionists etc. Hopefully this is just a bump in the road, but as a traditional bull I would definitely be following the market extremely closely now, I hope and pray for sustained capital gains growth.
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Veritas
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Simon
22 Aug 2013, 01:10 PM
Veritas
22 Aug 2013, 11:48 AM
What are they counted as then?
if you still need ask the answer to this your a lost cause, how many times must it be explained to you before it sinks in
Ah more one liner gold from the resident Bull ball licker Siemen.

Anything else to add today? Something substantive perhaps? Or is that it?
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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Simon
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Veritas
22 Aug 2013, 01:51 PM
Anything else to add today?
Whats the point, its been explained for you and you still don't get it, your still asking skamy to help you understand what adults and children are counted as
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Veritas
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Simon
22 Aug 2013, 02:01 PM
Veritas
22 Aug 2013, 01:51 PM
Anything else to add today?
Whats the point, its been explained for you and you still don't get it, your still asking skamy to help you understand what adults and children are counted as
More one liner goodness from an intellectual lightweight.

What don't I get Siemen?

Do tell?

Edit: and don't even dream of arguing that I think people under the age of 18 should be counted as potential homeowners. If you think that, I suggest you work on your reading comprehension skills.
Edited by Veritas, 22 Aug 2013, 02:10 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
Profile "REPLY WITH QUOTE" Go to top
 
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