Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
Most of the world is in a property bubble, according to Wikipedia; But not Australia...
Topic Started: 15 Oct 2013, 01:26 PM (2,503 Views)
Shadow
Member Avatar
Evil Mouzealot Specufestor

As we all know, Wikipedia is infallible. Most of the world seems to be in a property bubble, according to Wikipedia (apart from Australia)...

Quote:
 
http://en.wikipedia.org/wiki/Real_estate_bubble

2007: many countries

As of 2007, real estate bubbles had existed in the recent past or were widely believed to still exist in many parts of the world,[7] especially in the United States, Argentina,[8] Britain, Jamaica, Micronesia, Netherlands, Italy, Equatorial Guinea, Faroe Islands, Iceland, Nauru, Greenland, Canada, Germany, Portugal, New Zealand, Ireland, Spain, Guinea-Bissau, Lebanon, Japan, Iraq, Iran, France, Venezuela, Mexico, Brazil, Poland,[9] South Africa, Israel, Greece, Outer Mongolia, Mozambique, Mali, El Salvador, Botswana, Laos, Bulgaria, Croatia,[10] Norway, Singapore, South Korea, North Korea, Baltic States, Swaziland, India, Hong Kong, Romania, Vatican City, Ukraine and China.[11] Then U.S. Federal Reserve Chairman Alan Greenspan said in mid-2005 that "at a minimum, there's a little 'froth' (in the U.S. housing market) … it's hard not to see that there are a lot of local bubbles."[12] The Economist magazine, writing at the same time, went further, saying "the worldwide rise in house prices is the biggest bubble in history".[13] Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding mortgages that exceed the value of their homes. As of the end of 2010, 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at Dec. 31, 2010.[14] Commercial property values remain around 35% below their mid-2007 peak in the United Kingdom.[15] As a result, banks have become less willing to hold large amounts of property backed debt, likely a key issue affecting the worldwide recovery in the short term.
Edited by Shadow, 15 Oct 2013, 01:26 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.
Profile "REPLY WITH QUOTE" Go to top
 
mel
Member Avatar


something worth considering is our cash rate relative to other nations. If others raised their rate to 2.5% they would be in trouble immediately. Either their rates are too low or ours are too high. There's a good chance the majority aren't wrong and that we may be entering a new era with a new way of doing things.


"The reality is that when we get to 1% our market values will probably reflect the cut..." - mel (aspie cholo) 2013
Edited by mel, 15 Oct 2013, 01:49 PM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
Profile "REPLY WITH QUOTE" Go to top
 
mango66
Member Avatar


Wikipedia 0.
Shadow 0.
Edited by mango66, 15 Oct 2013, 01:58 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Aussiehouseprices
Member Avatar


Don't worry, Wikipedia hasn't forgotten about us:
Quote:
 
Some experts, including Treasury officials, believe the Australian property market is a significant bubble. It is arguably the biggest property bubble in the world and has the potential to burst if certain taxation changes are enforced.
http://en.wikipedia.org/wiki/Australian_property_bubble
Aussie House Prices blog
Latest post: Real Estate 101 - Lecture 1: Never use the "F" word
Profile "REPLY WITH QUOTE" Go to top
 
Sydneyite
Member Avatar


Aussiehouseprices
15 Oct 2013, 02:02 PM
Don't worry, Wikipedia hasn't forgotten about us:

http://en.wikipedia.org/wiki/Australian_property_bubble
Did you write that wikipedia entry Dan? :lol
For Aussie property bears, "denial", is not just a long river in North Africa.....
Profile "REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

Shadow
15 Oct 2013, 01:26 PM
As we all know, Wikipedia is infallible. Most of the world seems to be in a property bubble, according to Wikipedia (apart from Australia)...

INFALLIBLE.

From wike in aussie house prices link.

In 2003 the imf warned that housing bubbles in australia , england, ireland and the US would burst.

australian house prices were the most overpriced in the world, at 56.1% overpriced against long run average price to rents ratio.

you might like this infallible comment, something I have explained clearly ,long ago. under , diverting capital away from the rest of the economy, it says,increased residential housing costs causes excessive lending to the residential housing sector, at the expense of buisiness. This leads to a banking system which allocated capital away from the most productive areas of the economy- buisiness-is ultimately bad for growth, bad for competition,bad for jobs, bad for buisiness and in the end, bad for Australia.
"REPLY WITH QUOTE" Go to top
 
Blondie girl
Member Avatar


The word bubble would have to be the most over rated word with these paid analysts.

Maybe some of them need an urgent colonoscopy. :lol

Yes, there has been in the existence of bubble trouble, history does prive the data & facts of what's been going on. Not disputing that.

I do get mad @ stupidity of these "experts" who seem to get some pleasure about bubble trouble. Oz has NOT experienced UNSUSTAINABLE levels that eventually cause a crash.

Anyway must I some do useful retail spending, give some good vibes back to the economy......
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.
Profile "REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

Blondie girl
15 Oct 2013, 04:11 PM
The word bubble would have to be the most over rated word with these paid analysts.

Maybe some of them need an urgent colonoscopy. :lol

Yes, there has been in the existence of bubble trouble, history does prive the data & facts of what's been going on. Not disputing that.

I do get mad @ stupidity of these "experts" who seem to get some pleasure about bubble trouble. Oz has NOT experienced UNSUSTAINABLE levels that eventually cause a crash.

Anyway must I some do useful retail spending, give some good vibes back to the economy......
But its alright, shadow says wikepedia is unfallible.
"REPLY WITH QUOTE" Go to top
 
Aussiehouseprices
Member Avatar


Sydneyite
15 Oct 2013, 03:16 PM
Did you write that wikipedia entry Dan? :lol
Haha, you think I'm Dan from bubblepedia? Where did that come from? A while back, someone was convinced that I was Peter Fraser. :D
Aussie House Prices blog
Latest post: Real Estate 101 - Lecture 1: Never use the "F" word
Profile "REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

Aussiehouseprices
15 Oct 2013, 05:19 PM
Sydneyite
15 Oct 2013, 03:16 PM
Did you write that wikipedia entry Dan? :lol
Haha, you think I'm Dan from bubblepedia? Where did that come from? A while back, someone was convinced that I was Peter Fraser. :D
And shadow is Michael of Sydney. ;)

That Peter Fraser comment was a bit below the belt though, a wolf in sheeps clothing perhaps.
"REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Join the millions that use us for their forum communities. Create your own forum today.
Learn More · Sign-up Now
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy