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Sydney house prices to rise 15-20% in 2014; Chistopher's 2014 housing boom and bust report now out
Topic Started: 17 Sep 2013, 06:27 PM (18,877 Views)
Catweasel
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Sunder
18 Sep 2013, 10:08 AM
Same way they always have - hard work and austere living for the first decade, and basic housing for their first home, then upgrade.

I've seen this article (or others based on the same report) being held up as proof of the bubble "20%?? That's not sustainable, it must crash". But what they fail to realise, is that if there is a bubble, it's about to happen, so any crash that comes will be from a new high. How does it help crash predictors if house prices double, then crash 40%? They're still behind.
Catweasel say it a price,

that a mouse have to pay,

to join a train of riches.

And it can read about the new orgiastic,

just around a corner,

if it a pay for a report.

For all who muse not a play a game,

it can live in the now,

and buy quiver of i-phones.
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Frank Castle
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Business As Usual

Sunder
18 Sep 2013, 10:08 AM
How does it help crash predictors if house prices double, then crash 40%? They're still behind.
Winners and losers on every deal
I guess the bears will be the losers....again.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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willy_nilly
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Gold Member
Mmmmm. it may be the the SQM prediction actually aid the changes to Macro-P reforms. Good then.
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Suckpoppet
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Of course Sydney will boom. Look at it. If ever a city deserved to boom it's Sydney.

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Edited by Suckpoppet, 18 Sep 2013, 10:57 AM.
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Strindberg
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This story is all over the media as if it's a statement of gospel knowledge of the future.

In reality it is no more than the commercial promotion of yet another costly internet newsletter/report designed to fleece suckers with the inference con that the author has clairvoyant powers. Obviously such reports have to say something dramatic. No one would pay for a report which says that things will stay as they are. This is no different to the now defunct MacroInvestor newsletter which also sucked in money for claimed knowledge of the future.

Louis Christopher has shown that he can't correctly report even past house prices. Louis Christopher, when he was with APM, was responsible for the biggest wrong call on past house prices ever in history (see here). That absolutely false call by Louis was hysterically reported throughout the media in a similar manner to Louis' current call. Even Alan Kohler on the ABC was sucked in by Louis' call and wrongly reported Louis' call that prices had crashed.

No doubt Louis will try to protect his clairvoyance ability claim by threatening to sue me again like has done previously here and on Somersoft before he got hammered for his threats and was forced to withdraw. Louis is very touchy about criticism but thinks it fine and dandy for he himself to slag off others like Enzo, REIV and RP Data. Louis' reports are littered with errors - see here and here.

Sydney prices may rise 15-20% in 2014 or they may not. But Louis has no more access to the future than anyone else. If he's wrong he'll not refund the report costs but he will again concoct his excuses. He has real talent for that. Nothing wrong with making predictions. It's charging for them which sucks.
Edited by Strindberg, 18 Sep 2013, 11:09 AM.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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skamy
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doubleview
18 Sep 2013, 09:43 AM
Yep! Any society that cannibalises their young is headed for a big fall from grace eventually!!

Who really knows the ramifications of this, if I had to guess it will be far far greater than anyone can anticipate!!
Doubleview, how many people told you that last year was not a good time to put off a property buying decision? Bears on this site are headed for a lifetime of resentment over this.

Greed kept many new buyers away as the listened to immoral charlatans spruiking a 40% housing crash (an event that was always way out there in the probability stakes for this wealthy country). Now, you are all complaining about runaway prices. Runaway prices are the direct consequence of years of pent up demand and lack of building, caused by this crash chasing greed, unfortunately.

If you are interested at all in what is likely to follow, based on older peoples experience, then these predictions of 20% annual growth in Sydney would be unsurprising. Don't put off your buying you will regret it all your life. Real estate maxims like don't wait to buy,buy and wait are just as true today as they always were.

Young people, who did buy from 2010 onwards are very very happy, this society is delivering a boon to young people with the wits to grab their own opportunities, not like the folk who just whinge about how much better everyone else had it. Very large numbers of under 35 yr olds own property and have avoided the costly idiotic mistakes of the "don't buy now "brigade.

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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Black_Dragon
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Strindberg
18 Sep 2013, 11:06 AM
This story is all over the media as if it's a statement of gospel knowledge of the future.

In reality it is no more than the commercial promotion of yet another costly internet newsletter/report designed to fleece suckers with the inference con that the author has clairvoyant powers. Obviously such reports have to say something dramatic. No one would pay for a report which says that things will stay as they are. This is no different to the now defunct MacroInvestor newsletter which also sucked in money for claimed knowledge of the future.

Louis Christopher has shown that he can't correctly report even past house prices. Louis Christopher, when he was with APM, was responsible for the biggest wrong call on past house prices ever in history (see here). That absolutely false call by Louis was hysterically reported throughout the media in a similar manner to Louis' current call. Even Alan Kohler on the ABC was sucked in by Louis' call and wrongly reported Louis' call that prices had crashed.

No doubt Louis will try to protect his clairvoyance ability claim by threatening to sue me again like has done previously here and on Somersoft before he got hammered for his threats and was forced to withdraw. Louis is very touchy about criticism but thinks it fine and dandy for he himself to slag off others like Enzo, REIV and RP Data. Louis' reports are littered with errors - see here and here.

Sydney prices may rise 15-20% in 2014 or they may not. But Louis has no more access to the future than anyone else. If he's wrong he'll not refund the report costs but he will again concoct his excuses. He has real talent for that. Nothing wrong with making predictions. It's charging for them which sucks.
Well, like this, you do occasionally come out with some very personal and incorrect claims designed to damage the reputations of others. Its a shame because when you are less aggressive, you can come out with some good material.

BTW, you sure you are not Enzo by chance?! :to:
"No sympathy for the devil; keep that in mind. Buy the ticket, take the ride...and if it occasionally gets a little heavier than what you had in mind, well...maybe chalk it off to forced conscious expansion: Tune in, freak out, get beaten."My Webpage
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doubleview
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skamy
18 Sep 2013, 11:09 AM
Doubleview, how many people told you that last year was not a good time to put off a property buying decision? Bears on this site are headed for a lifetime of resentment over this.

Greed kept many new buyers away as the listened to immoral charlatans spruiking a 40% housing crash (an event that was always way out there in the probability stakes for this wealthy country). Now, you are all complaining about runaway prices. Runaway prices are the direct consequence of years of pent up demand and lack of building, caused by this crash chasing greed, unfortunately.

If you are interested at all in what is likely to follow, based on older peoples experience, then these predictions of 20% annual growth in Sydney would be unsurprising. Don't put off your buying you will regret it all your life. Real estate maxims like don't wait to buy,buy and wait are just as true today as they always were.

Young people, who did buy from 2010 onwards are very very happy, this society is delivering a boon to young people with the wits to grab their own opportunities, not like the folk who just whinge about how much better everyone else had it. Very large numbers of under 35 yr olds own property and have avoided the costly idiotic mistakes of the "don't buy now "brigade.
Any bear who half has an idea on economics knew we wouldnt be getting a %40 crash especially With interest rates dropping so dramtically !!

What the bears are saying is that real estate is a long term investment and can become very illiquid especially as a lot of shit areas are over valued!





Black_Dragon
18 Sep 2013, 11:15 AM
Well, like this, you do occasionally come out with some very personal and incorrect claims designed to damage the reputations of others. Its a shame because when you are less aggressive, you can come out with some good material.

BTW, you sure you are not Enzo by chance?! :to:
Yep! Clear attempt at character assassination going on here!!

Bull target = people who have there own opinions, opinions that don't agree with their blueprint!!

Edited by doubleview, 18 Sep 2013, 11:39 AM.
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Sydneyite
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themoops
18 Sep 2013, 10:16 AM
Although it's been a good year for the parasites you've been pretty wrong for Sydney this year Black Dragon.

You said 9-12% and we've had 3.9% with only 3 and a bit months to go.

Obviously I hope you are as wrong as possible for next year too.
RP-Data has Sydney up about 7-8% so far this year I think? ABS data is behind the curve and only covers the first 6 months, before things really started to take off.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Dr Kinetoscope
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Shadow
17 Sep 2013, 08:01 PM
No, I wasn't Michael of Sydney.

My prediction hasn't changed since 2008.

Sydney median house price to approach $1M by 2015 as measured by the Residex index.
It's a very, very vague prediction.

What does 'approach' mean? If you are going keep trumpeting this then you need to provide some tighter parameters...
Architecture Porn
ShadBerg's torrid Macrobusiness love affair
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