Australian (ASX) Stock Market Forum

House prices to keep falling for years

Status
Not open for further replies.
Jump to new
Hello,


House prices falling along with interest rates.

Such is the nature of the beast.


Thankyou


ps. Can permabulls provide some "proof" of rising prices ? thought not, your all spin doctors.
 
numbercruncher....its a con....been happening for years now...thats exactly what you wanted to hear

but to the fhb...they think about how much they can afford...and do the sums...find they can afford more as rates come down.....they dont even have to be number crunchers....pretty basic assumption....so they bid more...or look for a better house...or better price
and of course they always want more for less......

one of those 10 houses I bought a few years back...the agent said to me are you a fhb....I said no...so in an instant he dropped the price by 7000...

someone needs to benefit from the govt handouts....I mean its my taxes paying for it...so what better way then for me to up the price when selling ???
sadly I will miss out again...this time for 14,000...due to the fact I am not selling ....
maybe you sould change your nic......your number crunching skills need an upgrade..imo
 
Beej said:
Prof Keen is well known here and his views have been discussed several times. I do not accept his analysis and think he is wrong, (as do many respected economists). He in fact has a bet with another economist whereby if his views on house prices prove wrong he has to walk from Sydney to the top of Mt Kosciusko wearing a T-Shirt stating "I was hopelessly wrong about house prices - ask me how!". I reckon we will be seeing that event take place in a couple of years.... :)

Cheers,

Beej
Click to expand...


Are those the same respected economists who didn't see this economic crisis coming and the same one who are advising what to do now?
He (Keen) looks at the official numbers so if a respected economist choose to ignore those numbers then they can be called 'respected' now, can they?

What does the other guy have do to if he loses the bet?
 
kincella said:
numbercruncher....its a con....been happening for years now...thats exactly what you wanted to hear

but to the fhb...they think about how much they can afford...and do the sums...find they can afford more as rates come down.....they dont even have to be number crunchers....pretty basic assumption....so they bid more...or look for a better house...or better price
and of course they always want more for less......

one of those 10 houses I bought a few years back...the agent said to me are you a fhb....I said no...so in an instant he dropped the price by 7000...

someone needs to benefit from the govt handouts....I mean its my taxes paying for it...so what better way then for me to up the price when selling ???
sadly I will miss out again...this time for 14,000...due to the fact I am not selling ....
maybe you sould change your nic......your number crunching skills need an upgrade..imo
Click to expand...



Hello,


10 houses is a nice even number to buy, did you get them on the same day a few years back ?

How many commercial buildings do you own ?

Have any agricultural land, you know to diversify ?

Do you drive a red car ?

Thankyou.
 
kincella said:
plenty of affordable houses out there now....and the price should rise by about 2500...thats how much the govt is spending on insulating houses....
for free to the owners......unfortunately my houses are already insulated...so I miss out on govt handouts again...

does this sound like some of our bears on here....is this the real story, why they wish house prices would come down ????
taken from a blog today...ref below
.....................................................................................
Hired Goon
February 03, 2009 10:11 AM I wish the RBA would stop cutting rates. They should let the housing market crash. Australia needs a good recession to teach the specufestors a lesson for destroying this country by gambling on shelter. These rate cuts will keep the bubble inflated. I hate the RBA. I want to buy a house in Adelaide but the prices keep going up and up. Now I can't afford anything. I stupidly invested all my money in commodities and energy stocks that crashed big time, if my wife finds out I've blown my money on worthless shares instead of buying a house, she will kill me! I keep telling my wife that I won't buy a house for us and our little baby because the house prices are going to crash. They have to crash sometime. Please? You are not helping RBA. Please let houses crash so I can buy a house for a reasonable price. I hate the RBA and the Somersoft specufesting house gamblers. It's just not fair! They are ruining it for hardworking people like me.
........................................................................................................
http://blogs.smh.com.au/business/2009/02/03/yoursaytherb.html?page=fullpage#comments
Click to expand...

You know all this government does is had out money. I like the way the deputy treasurer said when we are we are in surplus on tv. So now Swan is not even facing the media. lol he gets his deputy to go and answer question lol Good luck with your property boom.
 
numbercruncher said:
Hello,


10 houses is a nice even number to buy, did you get them on the same day a few years back ?

How many commercial buildings do you own ?

Have any agricultural land, you know to diversify ?

Do you drive a red car ?

Thankyou.
Click to expand...

He was playing Monopoly on acid with robots :D
 
hello,

bloody hell, cant believe it, the guy from Centrelink has come through brothers

at my appointment this morning he said I would qualify for assistance and presto he has reduced my interest rate on my loans,

great that other members of society are getting a few benefits, paradise

a massive 1% reduction in the money renting rates

robots is in da house, get a few more ruski's at the St Kilda festival this
weekend

if any fellow ASF members want to meet up will be at the corner of Brighton Rd & Alma Rd at 1pm Sunday, we will get a slab of ruski's and a bit of arctic

thankyou
robots
 
robots said:
robots is in da house, get a few more ruski's at the St Kilda festival this
weekend

if any fellow ASF members want to meet up will be at the corner of Brighton Rd & Chapel St at 1pm Sunday, we will get a slab of ruski's and a bit of arctic

thankyou
robots
Click to expand...

hahahahahahah its a date man!
 
Today was the last throw off the dice by Rudd, in a blatant attempt to shore up the housing market. Or should I say, "last attempt to shore up a sinking ship?"

Unfortunately for the econonomy, many of the rats have already made up there minds to abandon. Only a few robotic ones will be left, and we all know how robots malfunction when exposed to water.

A few borrowers are still jumping for joy that rates have been cut. I suggest they take a good look at how much banks around the world have been passing on at reserve rates below 3%. Answer - not much at all!:D
 
Pommiegranite said:
Today was the last throw off the dice by Rudd, in a blatan attempt to shore up the housing market. Or should I say, "last attempt to shore up a sinking ship?"

Unfortunately for the econonomy, many of the rats have already made up there minds to abandon. Only a few robotic ones will be left, and we all know how robots malfunction when exposed to water.

A few borrowers are still jumping for joy that rates have been cut. I suggest they take a good look at how much banks around the world have been passing on at reserve rates below 3%. Answer - not much at all!:D
Click to expand...

He can still drop rates more just to finish off those that saved and give the banks more profit, his work is not done yet.
 
MrBurns said:
He can still drop rates more just to finish off those that saved and give the banks more profit, his work is not done yet.
Click to expand...

I don't think savings rates will drop past 3-3.5% either. In effect the RBA have fired their last bullet.

Here's an interesting poll that is suggesting that only 24% will spend their handouts. It's a pity that Rudd & Co (insolvent), didn't do some research on this BEFORE today!

http://www.news.com.au/business/story/0,27753,25001488-462,00.html
 
Pommiegranite said:
I don't think savings rates will drop past 3-3.5% either. In effect the RBA have fired their last bullet.

Here's an interesting poll that is suggesting that only 24% will spend their handouts. It's a pity that Rudd & Co (insolvent), didn't do some research on this BEFORE today!

http://www.news.com.au/business/story/0,27753,25001488-462,00.html
Click to expand...

Like I posted in the second stimulus plan thread, all everyone who gets the cash has to do to get MORE, QUICKLY, is to sit on it for a few weeks, during which time the Gummint will get desperate about the lack of cash being spent and will play pass the cash bailout parcel again.

They have shown their hand - that they are prepared to flog cash willy-nilly to the needy until the economy is "fixed". That is their Grande Plan. Seems it is their ONLY main plan.

Well, then. Thanks for the cash. It looks nice in my account.

"But, Please, Sir. I want more!!!" :cool:

Can I open a savings account at Ruddbank? :)

What are their savings interest rates?

LOL
 
Well now a I P is a thing of the past just like Buggy whips some thing we can tell our kids about and how people thought buying house and renting it out was a way of making money and how they were suppose to double every 10 yrs, of course make sure you have a firm understanding with your kids so they won't think you have one Oar in the water and they want to put you in a home.
Poor Robots will be walking around saying " it was suppose to work 14.8 % what went wrong?".
 
Glen48 said:
Well now a I P is a thing of the past just like Buggy whips some thing we can tell our kids about and how people thought buying house and renting it out was a way of making money and how they were suppose to double every 10 yrs, of course make sure you have a firm understanding with your kids so they won't think you have one Oar in the water and they want to put you in a home.
Poor Robots will be walking around saying " it was suppose to work 14.8 % what went wrong?".
Click to expand...

RIP ROBOTS or should i say MIA lol
 
What is it they say, holiday locations always are the the first to fall during hard times, and the last to rise... playing out that way.

http://www.goldcoast.com.au/article/2009/02/02/44781_gold-coast-real-estate.html

GOLD Coast house prices are showing signs of reaching the bottom of their downward slide. (*cough, pure guess, bs, bs*)

The average Gold Coast house price fell by 4.04 per cent in the December quarter, according to the latest figures from Australian Property Monitors.

But the fall caps a year that saw the city's housing market hit by the global financial crisis, causing a 9.8 per cent drop throughout the year.
Click to expand...
 
robots said:
hello,

what you reckon Nun, this poster a plant?

I have been hearing a lot of voices recently

thankyou
robots
Click to expand...

Dunno m8 ...... mushroom springs to mind

he sure is obsessed with you tho

just smile and consider your good deed done that you put meaning into someones dreary life

LOL some might say you even give him a reason to live , seeing as he seems consumed with you at every moment here
 
hello,

oh well, will keep a couple of ruski's for the legendary poster on Sunday at the meet up,

thankyou
robots
 
I hope propery gets dumped : the quicker the better and then we can get rid of that naive turkey from reiv propping up his own intersests and begging the govt for assistance , sink you bastards sink .
 
Thought I'd post this one up. Note: no "Australia" in the category of "systemic" banking crisis.
 

Attachments

  • Housing decline and duration.jpg
    Housing decline and duration.jpg
    100.8 KB · Views: 8
Status
Not open for further replies.

Similar threads

R
6 Ways to Make Smarter Investment Decisions
Replies
0
Views
1K
RickyY
R
bigdog
J Capital Research
Replies
1
Views
2K
greggles
greggles
Gringotts Bank
Shortening the trading time frame
Replies
14
Views
7K
Gringotts Bank
Gringotts Bank
M
  • Locked
House prices to keep rising for years
358 359 360
Replies
7K
Views
605K
robots
R
MrBurns
Australia's own Ponzi scheme: the property market
Replies
4
Views
5K
Glen48
Glen48
Top