The future of Australian property prices

[im sparticus]

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.

great stuff sunshine, im sure youll be runnung the country in no time.

 

[im sparticus]

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.

.

so does this mean you dissagree with scms "realestate has been in a 20 year crash"?

shame you couldnt voice it but then that would go against your agenda right.......lets say it again confirmation bias ah.

where do you stand on his gold always increases in price comment?

 

[Starcraftmazter]

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.

1. Don't need to produce anything, the housing stock has already been produced.

2. In terms of construction costs, if you knew anything, you'd know they are insignificant compared to the price of land which will thoroughly deflate. On top of that, construction workers and especially tradies will suffer significant wage deflation. Coupled with the bust of the commodity bubble, construction costs will plummet.

 

[young-gun]

so does this mean you dissagree with scms "realestate has been in a 20 year crash"?

shame you couldnt voice it but then that would go against your agenda right.......lets say it again confirmation bias ah.

where do you stand on his gold always increases in price comment?

ive already commented on his gold price post, read back over one or two pages, it's there.

real estate obviously hasn't 'been' in a 20 year crash. you say it as if it's been happening for the last 18 years. we are entering a severe crash and or downturn yes, whether it will last 20 years is another thing, i don't personally don't attempt to put timelines on it as i believe it to be impossible to predict. given the magnitude of the debt fueled economies and bubbles world wide, it certainly isn't out of the question.

to argue that property has never been a good investment is most definitely not a good one. I have never seen SCM argue that point, but i could be wrong. there is plenty of money to be made in re at the right time, i feel that time has passed and will not return for a long time.

i notice you didn't argue against my view on monetary policy, is this because you woke up to yourself and realised it is in fact a flawed system?

 

[young-gun]

On top of that, construction workers and especially tradies will suffer significant wage deflation. Coupled with the bust of the commodity bubble, construction costs will plummet.

this is gonna suck when it happens, best i make hay while the sun-shines, i should get another 2 or so years out of these sky high wages.

 

[im sparticus]

1. Don't need to produce anything, the housing stock has already been produced.

2. In terms of construction costs, if you knew anything, you'd know they are insignificant compared to the price of land which will thoroughly deflate. On top of that, construction workers and especially tradies will suffer significant wage deflation. Coupled with the bust of the commodity bubble, construction costs will plummet.

just when i think it cant get any better he goes and completely trips himself up, in on his feet out on his ass just as it was written. whats good is having lower housing costs if you are going to have sugnificant wage deflation aswell??? have you thaught any of this threw?? yes i am aware through is spelt wrong.

well atleast we know why you dont have 2c to your name. even less now gold has tumbled.

.

 

[im sparticus]

ive already commented on his gold price post, read back over one or two pages, it's there.

real estate obviously hasn't 'been' in a 20 year crash. you say it as if it's been happening for the last 18 years. we are entering a severe crash and or downturn yes, whether it will last 20 years is another thing, i don't personally don't attempt to put timelines on it as i believe it to be impossible to predict. given the magnitude of the debt fueled economies and bubbles world wide, it certainly isn't out of the question.

to argue that property has never been a good investment is most definitely not a good one. I have never seen SCM argue that point, but i could be wrong. there is plenty of money to be made in re at the right time, i feel that time has passed and will not return for a long time.

i notice you didn't argue against my view on monetary policy, is this because you woke up to yourself and realised it is in fact a flawed system?

yes i agree scm is wrong. still disagree with you on monetary police if you think it has no effect just look at how the markets behave before during and after the announcment especially if its a suprise announcment. interest is a cost when you lower the cost bla bla bla.

 

[im sparticus]

And SCM's solution to all this rampant price delfation is..........drum roll..................................................................................................................................................................................................................................................................buy physical gold.

 

[Starcraftmazter]

just when i think it cant get any better he goes and completely trips himself up, in on his feet out on his ass just as it was written. whats good is having lower housing costs if you are going to have sugnificant wage deflation aswell??? have you thaught any of this threw?? yes i am aware through is spelt wrong.

1. You stupidly imply they will deflate by the same amount.
2. Wage deflation is not only good, but necessary in order to restore competitiveness.
3. House prices will deflate far far far more than wages
4. I said wages will deflate in the construction industry - not anywhere else, as a result of the housing bust.

well atleast we know why you dont have 2c to your name. even less now gold has tumbled.

Do you live in bizzaro world or something?

And SCM's solution to all this rampant price delfation is..........drum roll..................................................................................................................................................................................................................................................................buy physical gold.

Deflation doesn't occur everywhere, in every sector and asset class simultaneously and equally, Mr. Troll.

 

[im sparticus]

1. You stupidly imply they will deflate by the same amount.
2. Wage deflation is not only good, but necessary in order to restore competitiveness.
3. House prices will deflate far far far more than wages
4. I said wages will deflate in the construction industry - not anywhere else, as a result of the housing bust.



Do you live in bizzaro world or something?

Deflation doesn't occur everywhere, in every sector and asset class simultaneously and equally, Mr. Troll.

shesh one minute your telling us the market is manipulate the next your boasting about 4% pops. lets say it again....confirmation bias

Are you 22 years old were you bearish on property before you could speak?? you keep avoiding this one.

price deflation is just that everything priced in dollars goes down as the dollar goes up overall, golds value is static overall even you admit to this its a very simple equasion. just who is from bizzaro world here . To think gold will be the only thing immune is crackpottery its one of the first to fall as deflation sets in. if anything the hardest and last to fall is wages. maybe its time for you to go back to the beginners lounge. here is a paragraph for you.

Are you 22 years old, have you been bearish in property since before you could speak??

 

[Starcraftmazter]

shesh one minute your telling us the market is manipulate the next your boasting about 4% pops. lets say it again....confirmation bias

I'm not boasting about anything actually, I'm just pointing out that you claimed gold "has tumbled" at a time when it actually rose quite a lot - showing once more, that you have no idea what you are talking about.

Are you 22 years old were you bearish on property before you could speak?? you keep avoiding this one.

Keep avoiding what one? You make no sense as usual.

price deflation is just that everything priced in dollars goes down as the dollar goes up overall

... I don't really know how else to address this but again say that you have no clue, no understanding and no concept of what you are talking about.

golds value is static overall even you admit to this its a very simple equasion. just who is from bizzaro world here . To think gold will be the only thing immune is crackpottery its one of the first to fall as deflation sets in.

No, silver too.

if anything the hardest and last to fall is wages. maybe its time for you to go back to the beginners lounge. here is a paragraph for you.

Are you 22 years old, have you been bearish in property since before you could speak??

Maybe you should learn some economics, and then explain how anyone could be bearish about anything before they could speak, and what relevance that has to this thread.

 

[moXJO]

No, silver too.



.

Isn't silver down about 50% from 2011 highs?

 

[im sparticus]

I'm not boasting about anything actually, I'm just pointing out that you claimed gold "has tumbled" at a time when it actually rose quite a lot - showing once more, that you have no idea what you are talking about.



Keep avoiding what one? You make no sense as usual.



... I don't really know how else to address this but again say that you have no clue, no understanding and no concept of what you are talking about.



No, silver too.



Maybe you should learn some economics, and then explain how anyone could be bearish about anything before they could speak, and what relevance that has to this thread.

omg you really are 22 lol bearish since before you could speak. lol

me learn economics, sure thing doctor google.

gold has tumbled is further of its highs than even melbourne medians that you claim are crashing and thats before we add yeild. whats the bet your in the red even after your 4% pop that you used to imply that gold wasnt deflating, bizzaro?? get some real world experiance and keep it to the beginners lounge till you do. its time to hush the adults are talking.

 

[im sparticus]

Isn't silver down about 50% from 2011 highs?

Dont bother, this guy cant even count let alone put together valid arguments.

 

[young-gun]

omg you really are 22 lol bearish since before you could speak. lol

are you a child?

me learn economics, sure thing doctor google.

gold has tumbled is further of its highs than even melbourne medians that you claim are crashing and thats before we add yeild. whats the bet your in the red even after your 4% pop that you used to imply that gold wasnt deflating, bizzaro?? get some real world experiance and keep it to the beginners lounge till you do. its time to hush the adults are talking.

i am actually embarrassed for you. your approach to these forums is pathetic, and i don't intend on discussing anything with you from here on.

 

[young-gun]

Isn't silver down about 50% from 2011 highs?

not quite 50%, but yes it's down a fair way. silver has more room for growth than gold does imo, as it has so many uses, and i can only imagine will have more developments in the future which will also require silver.

 

[Starcraftmazter]

Isn't silver down about 50% from 2011 highs?

You'd know better than me, I don't track silver.

omg you really are 22 lol bearish since before you could speak. lol

me learn economics, sure thing doctor google.

gold has tumbled is further of its highs than even melbourne medians that you claim are crashing and thats before we add yeild. whats the bet your in the red even after your 4% pop that you used to imply that gold wasnt deflating, bizzaro?? get some real world experiance and keep it to the beginners lounge till you do. its time to hush the adults are talking.

Talk about gibberish. You're funny because you consider yourself an authority; even as every one of your posts is shown immediately to contain false information. You have shown that you don't know anything about property nor banking. Maybe I should make a compilation of crap that you've said.

Just today, you have shown to have no understanding of the composition of the price of a house, no knowledge about what has been happening with gold and zero understand of deflation. Yet you continue to persist with your nonsense.

I will remind you again that gold is in an 11 year up-trend, unbroken.



Can't say the same about bubble-housing.




If you bought a house in Melbourne at the peak of the bubble in 2010 and at the same time bought an equivalent value of gold, you would have lost 10% of your money on housing, and made 15% on gold - more if you priced gold in AUD.

 

[im sparticus]

not quite 50%, but yes it's down a fair way. silver has more room for growth than gold does imo, as it has so many uses, and i can only imagine will have more developments in the future which will also require silver.

replace the words silver with property and see how your statement gels. people who have held physicals since the top have been creamed less so for property investor.

give a balanced argument without contradicting yourself as scm does and show a little respect and im not such a monster actually i consider myself quiet the gentlman. why is it his rudeness is ok but mine isnt? play it again... confirmation bias.

young-gun i havnt been rude to you since youve started playing fair and stopped ending your rebuttle with an insult.

this may sound childing but as far as getting personal he did start it and fair is fair.

 

[im sparticus]

If you bought a house in Melbourne at the peak of the bubble in 2010 and at the same time bought an equivalent value of gold, you would have lost 10% of your money on housing, and made 15% on gold - more if you priced gold in AUD.

were comparing how far off peaks things are ie how much the have deflated. youve just stated a hindsight trade that gives us no insight to anything just supports your view once again comfirmation bias.

in the interest of fairness im looking forward to your compilation ill even let you go back as far as you like even though mine is pretty recent, remember not your take on what ive said but what ive actually said no inuendo no twisting of words?

 

[medicowallet]

are you a child?

Like omg it's like totes like wth I thnkn totes n like samenall

MW