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And of numbercruncher and his rigged rpdata quote say it with me now confirmation bias dont we all feel better
The future of Australian property prices
- Thread starter Joe Blow
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lol. ahhhh trollacus. again, at least the bears can find charts to support arguments. I would love to see you pull some decent evidence to back up your ridiculous claims about the future of prices.
oh but please don't use any historical charts, as you've pointed out they are simply a waste of time, im sure no one has ever learnt or predicted anything from looking back over old data
oh but please don't use any historical charts, as you've pointed out they are simply a waste of time, im sure no one has ever learnt or predicted anything from looking back over old data
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lol. ahhhh trollacus. again, at least the bears can find charts to support arguments. I would love to see you pull some decent evidence to back up your ridiculous claims about the future of prices.
oh but please don't use any historical charts, as you've pointed out they are simply a waste of time, im sure no one has ever learnt or predicted anything from looking back over old data
You will find as time goes on that no market prices things in multiples of the average wage or inflation adjusted price of however many years ago or what ever other wacky reason or ratio you think property prices are connected to. you would never do it for anything else. to be honest you might be a able to reproduce a 1960's median for scms quote 210k but you dont have a hope in hell of producing todays standard of a median house hence the price diff land afew km from the city didnt do much for you back then either but now can probably save you $50-100 dollars a week just in fuel not to mension time the utility of the land has also improved.
When prices of all assets start falling its a good sign we are in for some good old fashion deflation and your bullion is as much at risk as my houses accept my houses are producing an income as most even the bears have pointed out re has faired quiet well considering (down only a fraction of other assets from its highs including gold and alot less volitile gold just did 4% overnight dont even think the indexes are doing that) ontop of that if you include yeild as in an accumulation index it is yet to give a total negative return or only slightly negative for melbourne and lets not forget all the gains it made before giving a tiny percentage back so far its winning.
Looking forward to me the only real risk is deflation (and this goes for every asset class accept cash ofcourse im starting to think cash atm is giving the best total returns high interest low to no inflation) which the rba has quiet alot of ammo for and falling of rents there is so much going on with re that medians dont capture just trying to judge an entry on the median of something that is not fungable is nonsence best to just be taking advantage of opportunities when they present themselfs or for the proactive when you find them is the best i think. but if you want a prediction on future medians all bar melbourne stable to increasing. melbourne maybe a little more falling to stable and well stable by the time im ready.
We all know record low interest rate began the last great australian property boom, i wonder if they can do it again?
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And of the quote when glen claimed property was more volatile than shares?
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That will never happen; gold will always rise in price, and property is in a 20 year long crash.
Anyway, your post is major gibberish, can you at least use spelling, grammar, punctuation and separate your "thoughts and ideas" into more separate paragraphs; as it stands your post is simply unreadable. It's just common curtsey.
pot calling the kettle black
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i know he comes in here on his feet every day and goes out on his ass, I feel terrible for him. its pretty impressive though most would have given up and ran for the bleach long ago.
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+1 on the post barely being readable. as for the gold price always rising, given the current economic outlook yes, i believe it will continue to rise, but it can fall in certain circumstances. just look at the 08/09 period, gold took a bit of a beating as the gfc took hold. I think it may have continued to fall if central banks didn't step in in such a huge way.
sorry off topic again, the housing bubble is sure to collapse
everyone has been living beyond their means for too long, and property investment was their weapon of choice to support such lavish lifestyles(among other investments of course). prices are now un-sustainable, alot of people not only can't afford to buy, but don't want to buy due to the crazy prices. this ridiculous debt fueled spending frenzy, or a term i have recently taken a liking to 'ponzi propserity' is over. look out below.
numbercruncher
Beware of Dropbears
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Seriously Sparticus - at a minimum use paragraps if you want people to read your propaganda.
SCM constructs his replies in a easy to understand layout - maybe use his method as a template?
Gerkin - nice snipe buddy - one wee spelling error - hardly an absolute breech of the point he was making.
SCM constructs his replies in a easy to understand layout - maybe use his method as a template?
Gerkin - nice snipe buddy - one wee spelling error - hardly an absolute breech of the point he was making.
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oh man it just gets better.
like i said no selfmade buy and hold gold bugs plenty of selfmade property investors especially over the last 20 years. the proof of the pudding is alway in its???
really bears is this where you all stand?
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I'm beginning to suspect you're a troll
Compare my posts to his, now weep under some blankets.
It's not that much to ask for that one's posts be readable, this is a forum - not failbook or a text message.
The only thing it proves is that you are unable to form thoughts and arguments. Your logic is beyond stupid.
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interest rates do nothing of the sort.
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apples and oranges my friend. you need to tailor your portfolio to the economy at any given time. property was a winner once upon a time, it is no longer.
I'm beginning to suspect you're a troll
I hope you're being sarcastic SCM. of course he is.
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key phrase "monetary policy".
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monetary policy is useless in times like this. if you can please explain why the US is still falling while their interest rates are near zero im listening. they shiould be on the brink of BOOM TOWN according to you.
monetary policy is the very reason we are here. because these idiots think they can prevent recessions with their actions. they can help to an extent, but no where near as much as you seem to believe. now we have all their prevention balled into one big mess.
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its hard on my phone im not sitting in front of my computer all day waiting for replys on asf and do i really need a graph to disprove that the price of gold always increases.
stay strong guys and hold together now your all tainted with the scm bs brush.
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What is this retardation, US has had ZIRP for years and prices have continued to fall. Are you completely oblivious to the concept of a bubble? I guess you pretend to understand monetary policy as good as you pretended to understand the banking system?
This is the future of Australian property prices:
Who's forcing you post in here with your phone? Love it so much you can't wait to get home?
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omg you believe you could have done a better job?
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What is this retardation, US has had ZIRP for years and prices have continued to fall. Are you completely oblivious to the concept of a bubble? I guess you pretend to understand monetary policy as good as you pretended to understand the banking system?
This is the future of Australian property prices:
Who's forcing you post in here with your phone? Love it so much you can't wait to get home?
are you really 22? bearish before you could speak?
wanna tell us how you plan to produce todays median house for 210k
ps weve already seen that graph thread title is the future of AUSTRALIAN house prices.
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yes. allow economies to deflate when they want. rid them of the negatives and the waste, and allow them to then prosper with real growth. what they are trying to achieve isn't natural, and cannot be achieved, as we will witness in the coming years. it is simply un-sustainable long term(over several decades). constant economic growth is not possible, plain and simple.
