I can only imagine the cherry picking that went into that chart. Do one for QLD Shadow, one for SYD as well. Then re-do the one above adjusted for inflation.
Well that would be cherry picking you wanker
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Absolutely, Count. Costs on both sides. Property being neutral with 200K down. Gold in AUD.
The only problem is we could cherry pick properties that would have kicked golds arse and vice versa so it would be a pointless exercise
Historically gold is a long term neutral. It's value is its high liquidity. This can beat that shares on bad day when your broker won't take your calls.
In the long run gold can only "make money" by being loaned for a return, the but the central banks keep that stitched up. The central banks loan gold at the libor plus the gold lease rate.
But no capital growth for general property 2010 to 2020. And this measured in an AUD that might be 30 Euro cents in 2020.
But no capital growth for general property 2010 to 2020
We've already had capital growth between 2010 and 2013, so your prediction has failed straight out of the blocks.
But at least you seem to be moderating your views. Your last prediction was for a 40% crash by June 2010. How did that one work out for you?
I didn't put your prediction on the chart because you're not very important or influential. I also left off Philip Soos, because despite the hilarity of his constant crash spruiking, he's just a uni student and still pretty young and naive. He will more than likely change his doomster outlook as he matures and develops the capacity to think more deeply about things.
The people I included on the chart at all at least old and mature enough to know better.
I briefly considered putting up our old friend Foundation's classic prediction that prices would soon fall back to 2005 'slump' levels, but Foundation is kind of irrelevant now having vanished to his bear cave never to be seen again after all his gloomy GHPC predictions failed so badly.
Bardon
29 Nov 2013, 06:38 AM
Great chart Shadow, I have taken the liberty of posting it elsewhere and reminded some of the bearish commentators that they are in good company!
Cool - it needs to be spread far and wide!
Quote:
I don't suppose you could knock one up that shows the various stages of the shown trend with the bearish emotional response to each change of direction. You know like the one that the bulls post that shows the bull trap, dead cat bounce and all that stuff?
There's little doubt the cycle's correction phase will involve big falls in house and apartment prices, and I expect thousands of negatively geared investors to do a lot of dough.
A rate cut won't rescue the market October 27, 2011 - 9:22AM Australia's property market is adrift and slowly sinking.
Too many failed property forum crash predictors to list. Obvious ones are Wulfgar/Count de Money, earthsta, Foundation, DadofSam, Hired Goon, Tinpusher, Sproket, raveswei. Just a matter of time before the current doomers like the moops and kinetoscope join them.
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