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She's gunna blow; Just we aren't quite sure when ...
Topic Started: 7 Oct 2013, 09:07 PM (2,958 Views)
goldbug
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Billy Jack
7 Oct 2013, 10:57 PM
Pig Iron
7 Oct 2013, 10:50 PM
you must be some backwards hillbilly who only travels off the farm for the annual bns ball.
australia is a great place to live and it takes the likes of you to think otherwise.
Friend, is that an insult? Are you insulting me?
Yes he is insulting you. He doesn't like you, and I don't like you either.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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peter fraser
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herbie
7 Oct 2013, 09:07 PM
The game's crook - We all KNOW it's crook.

And we all know it's gunna blow ... Well, it's pretty likely to anyway! Though we aren't sure/don't know when?

But given what we DO know, NOT LEVERAGING into such an upcoming shit fight, would seem EXTRAORDINARILY sensible - To me? ... :re:

Unless one reckons they are considerably smarter 'than the average bear' perhaps!?! :D
Houses in Australia really aren't that expensive on a global comparison, but the taxes we pay on our house purchase are.
Edited by peter fraser, 8 Oct 2013, 08:18 AM.
Any expressed market opinion is my own and is not to be taken as financial advice
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herbie
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peter fraser
8 Oct 2013, 08:18 AM
Houses in Australia really aren't that expensive on a global comparison, but the taxes we pay on our house purchase are.
I do find it one of the bulls' more compelling arguments - The fact that guv is SO far into housing (in particular land I think?) for taxes that they simply can not and will not let the sucker blow. And if it should blow regardless (as it well may) they'll be throwing everything at propping it up again it a HELL of a hurry.

Nevertheless, I also attempt to weigh that against the EVEN bigger picture consideration, that ultimately 'free markets' will win out - Though yep, it CAN take a bloody long time ... :re:

Question is though, should one LEVERAGE into it knowing all of this, or not? Timing, timing, timing; Speculation, speculation, speculation ...
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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stinkbug
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I'm not sure why it needs to blow at all. It's cheaper in real terms than it used to be, and it didn't overshoot massively like some other places did.

It's expensive, but not in a bubble.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Billy Jack
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The Duke of Brisbane Town

goldbug
8 Oct 2013, 07:15 AM
Yes he is insulting you. He doesn't like you, and I don't like you either.
You're making Billy Jack sad friend. I'll do a video about it all, so stay tuned. You're going to be a youtube star.
stinkbug
8 Oct 2013, 08:52 AM
I'm not sure why it needs to blow at all. It's cheaper in real terms than it used to be, and it didn't overshoot massively like some other places did.

It's expensive, but not in a bubble.
Yes friend, there aint no bubble.

Paying $500,000 for a "well constructed" home out there in the ass end of Nundah is the dream life everyone in Scarsdale or elsewhere in the first world has.
Edited by Billy Jack, 8 Oct 2013, 09:34 AM.
Tell Billy Jack the Truth
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Pissing Off
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99, 250 people left Australia permanently over the last 12 months. The biggest group to go were 25 to 35 year old professionals, who were employed before they left.
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stinkbug
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Pissing Off
8 Oct 2013, 09:58 AM
99, 250 people left Australia permanently over the last 12 months. The biggest group to go were 25 to 35 year old professionals, who were employed before they left.
Pretty standard stuff, I'd say.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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skamy
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goldbug
8 Oct 2013, 07:15 AM
Yes he is insulting you. He doesn't like you, and I don't like you either.
You're not exactly popularity Kate yourself.
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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Pissing Off
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stinkbug
8 Oct 2013, 10:18 AM
Pretty standard stuff, I'd say.
No, not standard stuff at all, approx 4 times our historical average.
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Don't Buy Now
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The rent/repayment + costs equation is flashing red.

If I take out a $500k loan and devote a quarter of my pretax income to PRINCIPAL repayments, I need to earn $2 million to pay it back. That’s 20 years earning $100k pa or ten years at $200k. The opportunity cost is staggering, particularly as an army of Negative Gearers are ready and willing to stuff money in my pocket for the privilege of wearing the label ‘landlord’.

Don’t Buy Now!
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