yup, imagine those silly property bears missing out on an EPIC almost doubling of their property returns in just 15 short years *
* - (not accounting for any expenses such as rates, insurance, building/landlords insurance, repairs, gap between rent, interest and tax break etc etc etc).. past performance is no guarantee of future returns.
What silly bears eh ?
lol, I bet they did not even consider doing sofisticated IP structures and just bought some of the most boring blue chip shares on the ASX.. .idiots
Sure, Property did ok... by the same mesaure, so did many ASX stocks ... if people had money to invest (or borrowed to invest), they did not have to miss out on a boom just because they had no faith in the property sector.
None of those shares listed cost a cent in rates, repairs, insurance or wear/tear.... their returns were also often fully franked...
Don't Buy Now
19 May 2015, 08:49 PM
This chart contains slander!
Forum administrator, I insist this be taken down before I need resort to further measures.
Don't Buy Now!
lol, give it a rest.
Quotes are quotes, we all post stuff that is either wrong, poorly worded, taken out of context, or simply 'cut and paste' by someone who has no alternative way to win an argument
yup, imagine those silly property bears missing out on an EPIC almost doubling of their property returns in just 15 short years *
What silly bears eh ?
Actually the chart shows prices more than doubling over 13 years from 2001 to 2014.
You can't see the red line in 2001 because Jenman's big head is in the way, but it's down around 55 on the y-axis.
But I remember you bears on GHPC used to gloat about an imminent 40% crash from 2007-2008 levels.
Then when prices soared to new highs by 2010, the 40% crash was supposedly going to be from 2010 levels.
Then when the crash still didn't happen the bears started gloating about a 'slow melt' instead.
Then when nominal prices stopped 'melting' the bears claimed prices would still fall in 'real terms' and gloated about that instead.
And now that prices are still rising strongly, in both real and nominal terms, the only thing left for the bears to do is 'gloat' because prices aren't doubling quite as fast as before.
LOL, I remember you bears on GHPC used to gloat about an imminent 40% crash from 2007-2008 levels.
Then when prices soared to new highs by 2010, the 40% crash was supposedly going to be from 2010 levels.
Then when the crash still didn't happen the bears started gloating about a 'slow melt' instead.
Then when nominal prices stopped 'melting' the bears claimed prices would still fall in 'real terms' and gloated about that instead.
And now that prices are still rising strongly, in both real and nominal terms, the only thing left for the bears to do is 'gloat' because prices aren't doubling quite as fast as before.
Poor bears... how far you've fallen.
Yup, i remember those days well.
turned out, some of us bears were correct
Any poor reader who followed the bulls advice on the property boom to come, buy now or forever miss out, etc etc and bought at the gold coast around 2007/2008 were punished by the downturn.
I know a couple of guys at work who bought then and are still underwater.
Still, lots of expert bulls on this forum claiming to know gold coast better than us silly bears who lived nearby and talked to buyers and sellers
We purchased a nice property in a very nice area to live in late 2013 that we never could have afforded in 2007/2008.
Any poor reader who followed the bulls advice on the property boom to come, buy now or forever miss out, etc etc and bought at the gold coast around 2007/2008 were punished by the downturn.
Gold Coast? I doubt any GHPC bulls advised people to buy there.
I don't remember it ever being discussed. With only 2% of Australia's population, why would GC even be mentioned?
Most of the silly 40% crash predictions were based around Sydney, Melbourne, Brisbane, Perth and Adelaide.
Beyond those cities, there wasn't much discussion.
Actually the chart shows prices more than doubling over 13 years from 2001 to 2014.
You can't see the red line in 2001 because Jenman's big head is in the way, but it's down around 55 on the y-axis.
But I remember you bears on GHPC used to gloat about an imminent 40% crash from 2007-2008 levels.
Then when prices soared to new highs by 2010, the 40% crash was supposedly going to be from 2010 levels.
Then when the crash still didn't happen the bears started gloating about a 'slow melt' instead.
Then when nominal prices stopped 'melting' the bears claimed prices would still fall in 'real terms' and gloated about that instead.
And now that prices are still rising strongly, in both real and nominal terms, the only thing left for the bears to do is 'gloat' because prices aren't doubling quite as fast as before.
Poor bears... how far you've fallen.
Oh, you edited the post..
Ok.
Yes, i initially thought the chart was for 15 years but revised the post when I noticed a big head in the way so assumed it was actually from 2003, not 2001. I forgot to change the 15 year text, but did adjust all of the share rises..
If we do make it the 13 years, the the property may have done better than double, but those companies were still far better off.. RIO got close to x 5 rise .
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.
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