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Australian Property Chart of Shame - The Epic Failure of the Oz Housing Bears is Complete
Topic Started: 28 Nov 2013, 10:33 PM (27,074 Views)
Count du Monet
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Wulfie's kiss of death!

No capital growth 2010 to 2020. And a loss on world exchange.

Suck on that one! :D
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Dr Kinetoscope
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Quote:
 
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.
Evidence of my doom spruiking please? Don't tell me you are lying again Stringbean . . .

Quote:
 
I have charted Australian house prices over the past decade or so, along with a few choice quotes from the permabear doomsayers.
Through omission, we can all create a perception to meet our own ends. What is disturbing is the amount of effort you are going to
Edited by Dr Kinetoscope, 29 Nov 2013, 10:04 AM.
Architecture Porn
ShadBerg's torrid Macrobusiness love affair
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Frank Castle
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Business As Usual

Dr Kinetoscope
29 Nov 2013, 09:59 AM
What is disturbing is the amount of effort you are going to
10 minutes at most while sipping the mornings coffee I would say.
Not much of an outlay for the joy it brings :to:
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The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Shadow
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Evil Mouzealot Specufestor

Count du Monet
29 Nov 2013, 09:57 AM
Wulfie's kiss of death!
Well if this one turns out to be as deadly as all your previous kisses of death, then I don't think we have much to worry about.

House prices rose 20-30% after you gave them your first kiss of death.
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.
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those
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Count du Monet
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Shadow
29 Nov 2013, 10:23 AM
Well if this one turns out to be as deadly as all your previous kisses of death, then I don't think we have much to worry about.

House prices rose 20-30% after you gave them your first kiss of death.
So Shadow, what's your pick over June 2010 general prices by 2020?

Personally I would expect positive results for choice inner city and general Sydney before the end of the decade, but general property no.

Hence my estimation is, there is no point acquiring general investment property in this part of the decade. I'd say 2017 to 2019 will the better time to acquire with an aim towards capital growth. I'd still expect gold to be better until then since gold follows world prices and the AUD is liable to slump. Gold is still good choice in preference to an AUD CD.

2015 to 2017 might be a good date for choice inner city and Sydney general.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Shadow
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Evil Mouzealot Specufestor

Count du Monet
29 Nov 2013, 11:24 AM
So Shadow, what's your pick over June 2010 general prices by 2020?

Personally I would expect positive results for choice inner city and general Sydney before the end of the decade, but general property no.

Hence my estimation is, there is no point acquiring general investment property in this part of the decade. I'd say 2017 to 2019 will the better time to acquire with an aim towards capital growth. I'd still expect gold to be better until then since gold follows world prices and the AUD is liable to slump. Gold is still good choice in preference to an AUD CD.

2015 to 2017 might be a good date for choice inner city and Sydney general.
House prices in 2020 will be higher than they are today.

My prediction is still for Sydney house prices to approach $1M by the end of 2015. Prices generally will keep rising until interest rates rise significantly (at least 1% above current rates), and we're not likely to get to that level of interest rates until sometime in 2015.

My other predictions are in the 2014 predictions thread... http://australianpropertyforum.com/topic/9986577
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.
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Frank Castle
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Business As Usual

Count du Monet
29 Nov 2013, 11:24 AM
So Shadow, what's your pick over June 2010 general prices by 2020?

My gold prediction chart from Feb 2012 is looking on the money
How are your gold predictions going :to:

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The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Shadow
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Evil Mouzealot Specufestor

Jeremy Grantham also supposedly said in 2010 that the Australian housing market was a 'ticking time bomb' and that prices would halve, but I can't find any direct quotes from Grantham saying this... only second-hand accounts of what he is alleged to have said, so I didn't include Grantham on the chart.
Edited by Shadow, 29 Nov 2013, 11:45 AM.
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.
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themoops
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Ruby Member
Shadow
29 Nov 2013, 11:44 AM
Jeremy Grantham also supposedly said in 2010 that the Australian housing market was a 'ticking time bomb' and that prices would halve, but I can't find any direct quotes from Grantham saying this... only second-hand accounts of what he is alleged to have said, so I didn't include Grantham on the chart.
It must be quite nerve racking with your multi millions in debt.

It's all about the Chinese now isn't it.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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