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The Economist - Global Housing Markets, Trend Chart; Shows us once again, a property affordability bubble between 2002 and today
Topic Started: 21 Aug 2013, 01:16 AM (8,251 Views)
Shadow
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Evil Mouzealot Specufestor

Sober
21 Aug 2013, 03:06 PM
When was the last time?
The last time I got defeated? I thought you were keeping track... are you saying you can't find any such occasions?
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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skamy
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Sober
21 Aug 2013, 02:46 PM
Shadow's core modus operandi is "never admit defeat".

He does occasionally stop fighting when clearly beaten, but his preferred method is to change the terms of debate ex post facto, e.g. to claim victory where none has been had, or even to claim his opponent now agrees with him, when nothing is further from the case.
Sober, Veritas is wrong here you can check it out for yourself. He was making untrue or misunderstood claims about the ABS statistics and he has been caught out.

Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Shadow
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Evil Mouzealot Specufestor

skamy
21 Aug 2013, 03:12 PM
Sober, Veritas is wrong here you can check it out for yourself. He was making untrue or misunderstood claims about the ABS statistics and he has been caught out.
Sober is just siding with 'the bear' against 'the bull'. He doesn't actually care what the discussion is about... he's just blindly following his 'team'.
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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skamy
21 Aug 2013, 03:10 PM
Veritas you have no point here and you still have not bothered to withdraw your claim that children were counted as homeowners as part of the abs data collection. You keep going on about the ABS statistics yet you are wrong and misunderstand each of the statistical terms you have chosen to discuss.

Here is a clip from the household survey, what more information do you want?
Skamy,

You are like a fly buzzing around making irrelevant and annoying noises.

Can you not just find some shit to land on and leave me alone?
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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Sober
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Shadow
21 Aug 2013, 03:11 PM
The last time I got defeated? I thought you were keeping track... are you saying you can't find any such occasions?
Once again, when was the last time you *admitted* defeat?

:pop:
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Veritas
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Shadow
21 Aug 2013, 03:14 PM
skamy
21 Aug 2013, 03:12 PM
Sober, Veritas is wrong here you can check it out for yourself. He was making untrue or misunderstood claims about the ABS statistics and he has been caught out.<br />
Sober is just siding with 'the bear' against 'the bull'. He doesn't actually care what the discussion is about... he's just blindly following his 'team'.
Yeah, because you would never do that!
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

Sober
21 Aug 2013, 03:15 PM
Once again, when was the last time you *admitted* defeat?
When? The last time I was defeated, obviously.
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
 
Sober
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Shadow
21 Aug 2013, 03:17 PM
When? The last time I was defeated, obviously.
Which was, in your estimation???

:pop:
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Shadow
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Evil Mouzealot Specufestor

Sober
21 Aug 2013, 03:18 PM
Which was, in your estimation???
No need for me to estimate for you - you've been keeping track yourself.
Edited by Shadow, 21 Aug 2013, 03:27 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
21 Aug 2013, 03:21 PM
Sober
21 Aug 2013, 03:18 PM
Which was, in your estimation???
No need for me to estimate for you - you've been keeping track youself.
Is refusing to answer my question the same as admitting defeat. Here is tis again:

Quote:
 
Okay so here are the facts.

1. 70% of dwellings in Australia are "owner occupied" (abs)
2. This tells us absolutely nothing about how many adults either own a home individually or jointly as a percentage of the entire adult population. It doesn't matter if there is 2 or 20 adults living in a single dwelling as long as one person owns the house it is classified as owner occupied. Even if the 19 non owners are paying rent to the one owner, it is owner occupied.

Are you happy that this is an accurate measure of "home ownership rates" in Australia?

Come on Shadow, deviate from your core message for once.

It will be liberating!
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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