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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 (8,249 Views)
skamy
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Sober
21 Aug 2013, 03:49 PM
Surely it would be educational for the rest of the forum for you to identify your own defeats -- Failing that, you've admitted my original point: "Shadow's core modus operandi is "never admit defeat"
No Sober, you are wrong and just making erroneous claims then trying to force someone else to refute them does not make your claim anymore accurate.

I and most of the board have seen Shadow own and correct his mistakes. If you wish you can read a whiney thread in the lounge all about this.

So maybe now you would like to withdraw your mistake in accusing Shadow of having a core modus operandi of "never admit defeat" now that you have been clearly shown to be wrong.

I kinda hope you will do this as IMHO it is better just to own up and move on I have found.

Veritas however has still not corrected his statement that children are included as homeowners in the ABS statistics, as you seem to be concerned about mistakes being corrected on the board and you seem to be a pal of Veritas maybe you could encourage him to correct this claim in the interest of this forum providing accurate information.
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

Sober
21 Aug 2013, 03:59 PM
So once again, you've admitted my original point: "Shadow's core modus operandi is "never admit defeat"
On the contrary, I admit defeat every time I am defeated.
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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Sober
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Shadow
21 Aug 2013, 04:03 PM
On the contrary, I admit defeat every time I am defeated.
So it should be easy for you to identify to the world, the last time you were defeated, no???
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Logic
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Shadow
21 Aug 2013, 04:03 PM
On the contrary, I admit defeat every time I am defeated.
Defeated?
I did not know we were in a war or a contest?
Is there an assumption that you win if you change a bear to a bull?
Really, I do think the bears do not have the same objective, to change bulls to bears at all.
Perhaps I am wrong?
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Shadow
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Sober
21 Aug 2013, 04:17 PM
So it should be easy for you to identify to the world, the last time you were defeated, no???
Yes, we could easily do that.
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, 04:18 PM
Sober
21 Aug 2013, 04:17 PM
So it should be easy for you to identify to the world, the last time you were defeated, no???
Yes, we could easily do that.
BORING!

Anyway, Shadow the next time someone says that we have a "70% home ownership rate" in this county, I expect you to be the first to point out that this refers to dwellings not actual people.

Cheers.
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, 04:18 PM
Yes, we could easily do that.
But you have not actually done so, have you? And in the absence of such an admission on your part, you are agreeing with my original assertion: "Shadow's core modus operandi is "never admit defeat"
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zaph
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Logic
21 Aug 2013, 04:17 PM
Perhaps I am wrong?
Probably, you mostly are.
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Shadow
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Sober
21 Aug 2013, 04:22 PM
But you have not actually done so, have you? And in the absence of such an admission on your part, you are agreeing with my original assertion: "Shadow's core modus operandi is "never admit defeat"
No, I disagree with your statement. In fact I admit defeat every time I am defeated.
Veritas
21 Aug 2013, 04:21 PM
Shadow the next time someone says that we have a "70% home ownership rate" in this county, I expect you to be the first to point out that this refers to dwellings not actual people
Sure, if they're confused about it I will, in the same way I pointed it out to you.
Edited by Shadow, 21 Aug 2013, 04:27 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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Sober
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Shadow
21 Aug 2013, 04:26 PM
No, I disagree with your statement. In fact I admit defeat every time I am defeated.
You may disagree with my statement. But you have failed to disprove it.

:pop:
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