Welcome Guest [Log In] [Register]


Reply
Australian Property Chart of Shame - The Epic Failure of the Oz Housing Bears is Complete
Topic Started: 28 Nov 2013, 10:33 PM (27,067 Views)
Foxy
Member Avatar
Zero is coming...

Shadow
20 May 2015, 11:31 AM
GC has never had a 50% crash, although some individual properties may have fallen by that much.

There were ~20% falls in the early 80s and early 90s...

Posted Image
Shadow, can you correct the chart to reflect "real" terms please.

You would know that the bag of lollies you got for 20 cents as a child was bigger than the one you now get for 20cents, right??

Like you do understand that fundamental point, like right you do, right??? :D :D :D

All your charts are really demonstrating is the continual decline in the purchasing power of the Australian dollar.

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

foxbat
20 May 2015, 11:36 AM
Shadow, can you correct the chart to reflect "real" terms please.
Why? Have you ever seen a vendor advertise his property in 'real' terms? Most ask for the nominal value.

Let me know if you ever manage to convince a vendor to sell for the 'inflation adjusted' price. :re:
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
 
ThePauk
Member Avatar
Diamond Member
Shads
I do not see any 'cycles' in the GC chart?
Profile "REPLY WITH QUOTE" Go to top
 
Ex BP Golly
Member Avatar


Trollie
20 May 2015, 11:29 AM
Did you kiss and make up?
Posted Image

This the type of thing you like Timmy/ Pig Iron/ Trollie.

I can bring my dog around if you think it might make things better between us.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

ThePauk
20 May 2015, 11:57 AM
Shads
I do not see any 'cycles' in the GC chart?
Really? So which direction do you see prices always moving in? Always up or always down?
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
 
zaph
Default APF Avatar


It would be good to see that GC chart extended to today. It doesn't show recent large drops in median price.

It shows a rather large drop in the early to mid 80's from around $70k to 55k - ~20%
The latest dip on the chart only shows a drop of around 7%.
Profile "REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


2005 an investor in Brisbane; Adelaide, perth, hobart is told " Property prices double every 10 years, buy now on an interest only loan and in 10 years rental income will be double and so will he value of the property. 10 years later they find out it was all bullshit. All a pack of lies and they are still saddled with a property that has 10 years worth of maintenence due on it and the rent still doesn't cover the basic repayment of the IO loan and rates bills.

Epic fail house investor. Epic fail.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Profile "REPLY WITH QUOTE" Go to top
 
K-town
Member Avatar


The Whole Truth
20 May 2015, 12:34 PM
2005 an investor in Brisbane; Adelaide, perth, hobart is told " Property prices double every 10 years, buy now on an interest only loan and in 10 years rental income will be double and so will he value of the property. 10 years later they find out it was all bullshit. All a pack of lies and they are still saddled with a property that has 10 years worth of maintenence due on it and the rent still doesn't cover the basic repayment of the IO loan and rates bills.

Epic fail house investor. Epic fail.
Here's a 2BR apartment in Hobart that sold for $441K. How much would a 2BR apartment in Hobart cost in 2005?

18 Mistral Place, Hobarthttp://house.ksou.cn/p.php?q=Hobart&sta=tas&id=61955&address=18+Mistral+Place%2C+Hobart

Posted Image

How much does a house cost in the one horse, hick town you live in these days? Any investors making money there?

Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Ex BP Golly
20 May 2015, 12:07 PM
Trollie
20 May 2015, 11:29 AM
Did you kiss and make up?
Posted Image

This the type of thing you like Timmy/ Pig Iron/ Trollie.

I can bring my dog around if you think it might make things better between us.
The pig iron user has no activity since july 2014. So you are full of shit as usual.
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

https://www.theaa.com/public_affairs/reports/Petrol_Prices_1896_todate_gallons.pdf



Ex BP Golly
20 May 2015, 12:07 PM
Posted Image

This the type of thing you like Timmy/ Pig Iron/ Trollie.

I can bring my dog around if you think it might make things better between us.
Looks like you have trained him well.

Peter
Shadow
20 May 2015, 11:42 AM
Why? Have you ever seen a vendor advertise his property in 'real' terms? Most ask for the nominal value.

Let me know if you ever manage to convince a vendor to sell for the 'inflation adjusted' price. :re:
Come on Shadow, you can do a lot better than that last statement.




https://www.google.com.au/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http%3A%2F%2Ftermolorenzoni.com%2Fterm%2F38507467&ei=YftbVbS3H4uR8QXyx4GABQ&bvm=bv.93756505,d.dGc&psig=AFQjCNGkN-RhKIraKI-XoNyZLoXFJpCuyA&ust=1432177841083670


I totally agree that "real" assets are better than money as an investment.

Sydney real estate has proved to be useful hedge against the continual debasement of our dollars purchasing power.

Peter



Edited by Foxy, 20 May 2015, 02:13 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create your own social network with a free forum.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



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