Alarm call after call, unemployment rising and what's worse is you don't know the half; Smudged unemployment rates in a slowing economy, yet inept bulls scream to load up on debt!
Typical bullshit, no scenario can ever mean falling prices, head back in the sand turkey Poor stupid pig, ignore the warning at the cost of your own bacon.
Timo, I agree that if unemployment hit 20% then house prices would fall. However there is a big gap between 5.8% and 20%. My question to you was at what rate does unemployment negatively affect house prices and do you think it will reach that point?
No need to swear.
Collecting desperation. Ex-Bp Golly April 2 2015. "I see with a slight overshoot -70% [fall in Sydney house prices] as being well within possibility"
Timo, I agree that if unemployment hit 20% then house prices would fall. However there is a big gap between 5.8% and 20%. My question to you was at what rate does unemployment negatively affect house prices and do you think it will reach that point?
No need to swear.
Sorry Turkey yes I do believe unemployment is key to the housing crash debate. It won't need to reach 20%, think also of how many dual incomes are required to service one home loan.....gobble gobble!
Pig Iron
12 Sep 2013, 07:47 PM
ahuh. you are become a bit of a yawn timo, has the up surge in prices broken your spirit?
Surge? Only surge I see is in your negative equity.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Sorry Turkey yes I do believe unemployment is key to the housing crash debate. It won't need to reach 20%, think also of how many dual incomes are required to service one home loan.....gobble gobble! Surge? Only surge I see is in your negative equity.
For the third and final time, what level do you think unemployment will need to reach to send house prices down and do you think we will get there? Most economists are forecasting a peak of around 6.5%.
Collecting desperation. Ex-Bp Golly April 2 2015. "I see with a slight overshoot -70% [fall in Sydney house prices] as being well within possibility"
For the third and final time, what level do you think unemployment will need to reach to send house prices down and do you think we will get there? Most economists are forecasting a peak of around 6.5%.
Shouldn't you be answering that question given its your position it can go up and up and still support increases in price? Like I say Turkey, head back in sand
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Shouldn't you be answering that question given its your position it can go up and up and still support increases in price? Like I say Turkey, head back in sand
Ok I will.
We saw in 2002 that unemployment of 7% and double digit price growth is possible if interest rates are low. So I would say that it would take unemployment to hit 9% to put the brakes on price growth. However if unemployment hit that then interest rates would be close to zero, so even then it's hard to see prices falling at all
I don't see unemployment moving beyond 7% so I don't see prices failing to rise. Which was my original statement.
Unemployment will not have an impact on prices during this cycle.
Collecting desperation. Ex-Bp Golly April 2 2015. "I see with a slight overshoot -70% [fall in Sydney house prices] as being well within possibility"
Unemployment will not have an impact on prices during this cycle.
I predict a GFC aftershock that will come crashing in and tear your pussy little up cycle to sheds.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Any facts being used in your prediction? Or is it just wishful thinking?
Mallard, I can see you are trying vainly to get a straight answer..good luck.
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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