I think Shadow would admit it if he is Michael of Sydney and take the kudos. Michael of Sydney has been right about everything. Unlike Don Cox whose every utterance on GHPC about the future of house prices has turned out wrong.
MMM - what were your handles on GHPC and bubblepedia? My handles on GHPC were Sense, goethe and K_W.
I think Shadow would admit it if he is Michael of Sydney and take the kudos. Michael of Sydney has been right about everything. Unlike Don Cox whose every utterance on GHPC about the future of house prices has turned out wrong.
MMM - what were your handles on GHPC and bubblepedia? My handles on GHPC were Sense, goethe and K_W.
You have to be right all the time.
They just have to be right once.
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
I think Shadow would admit it if he is Michael of Sydney and take the kudos. Michael of Sydney has been right about everything. Unlike Don Cox whose every utterance on GHPC about the future of house prices has turned out wrong.
MMM - what were your handles on GHPC and bubblepedia? My handles on GHPC were Sense, goethe and K_W.
Would not surprise me in the least if he was . have not read anything about him for a while but remember seeing his comments a few times over time. Is he still around ? I am not familiar with dan cox, but probably read some of his comments on bubblepedia assuming he was a classic bear .
sorry not familiar with ghpc but I am with bubble pedia, I was never a member though, from memory, If I was I may have posted once or twice but cannot be sure, I thought it was way to bearish to be enjoyable and also narrowminded. thats what makes APF the property thread for all, bulls and bears and guests and funny sock puppets, yes I have been quilty ,remember ted bullpit, I got sick of stooging you guys and had to admit it, unlike most out there. The bulls would usually run far and wide when teddy boy was around.
Well, continue with your faith in the following being right some time or other. I'm sure investors are happy for you to stay renting and not compete with their purchasing activities.
Neil Jenman, 2001: "The real estate market will crash".
Ross Gittins, 2004: "Prepare for a property crunch"
Professor Steven Keen, 2008: "When the expectation [of rising asset prices] goes, ultimately goodbye 40% of the current price of houses."
David Llewellyn-Smith, 2010: "This blogger reconfirms his assessment of the bust ahead for Australian housing."
Leith van Onselen, 2010: "In my opinion, an Australian house price crash is inevitable and cannot be avoided."
Philp Soos, 2011: "Australia's property bubble will inevitably burst."
Jordan Wirsz, 2011: "Property prices will crash by 60%."
David Collyer, 2012: "I predict that property prices will fall by 15-20% in 2012".
Harry Dent, 2012: "The real estate market will crash in 2012. Prices could fall by more than 60%."
Philip Soos, 2013: "Australian housing will crash."
MMM
15 Oct 2013, 06:23 PM
Would not surprise me in the least if he was . have not read anything about him for a while but remember seeing his comments a few times over time. Is he still around ? I am not familiar with dan cox, but probably read some of his comments on bubblepedia assuming he was a classic bear .
sorry not familiar with ghpc but I am with bubble pedia, I was never a member though, from memory, If I was I may have posted once or twice but cannot be sure, I thought it was way to bearish to be enjoyable and also narrowminded. thats what makes APF the property thread for all, bulls and bears and guests and funny sock puppets, yes I have been quilty ,remember ted bullpit, I got sick of stooging you guys and had to admit it, unlike most out there. The bulls would usually run far and wide when teddy boy was around.
Well, continue with your faith in the following being right some time or other. I'm sure investors are happy for you to stay renting and not compete with their purchasing activities.
Neil Jenman, 2001: "The real estate market will crash".
Ross Gittins, 2004: "Prepare for a property crunch"
Professor Steven Keen, 2008: "When the expectation [of rising asset prices] goes, ultimately goodbye 40% of the current price of houses."
David Llewellyn-Smith, 2010: "This blogger reconfirms his assessment of the bust ahead for Australian housing."
Leith van Onselen, 2010: "In my opinion, an Australian house price crash is inevitable and cannot be avoided."
Philp Soos, 2011: "Australia's property bubble will inevitably burst."
Jordan Wirsz, 2011: "Property prices will crash by 60%."
David Collyer, 2012: "I predict that property prices will fall by 15-20% in 2012".
Harry Dent, 2012: "The real estate market will crash in 2012. Prices could fall by more than 60%."
Philip Soos, 2013: "Australian housing will crash." Cheers, thanks for being open.
If didnt know any better I would have to say you are working for the RBA!!
- massive immigration - loose foreign investment rules - a protected and mollycoddled banking system that wears NO RISK - a dovish central bank - negative gearing - no tax on family home - no means testing on family home - low taxes on asset investments - punitive taxes on savers and income earners - first home owners grants / state FHOGS / triple whammy FHOGs - restrictive land release policies - millions of NIMBYs - SMSFs investing like crazy into property - the AOFM to buy junk housing bonds when banks cant - covered bonds
Plus whatever else is required in the future to keep the housing monster afloat.
So our ridiculous house prices are justified because we don't have a housing market or a bubble.
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