House prices to keep falling for years

robots · 28 October 2009

hello,

the thread went quiet because people realised its all over

the previous predictions have gone nowhere so now many are reloading with a new set, great reading

keep ramping it, and title holders will keep collecting EquityMate

thankyou
Doctor Robots

robots · 28 October 2009

hello,

good evening, bit more action over here at doom & gloom headquarters

check this:

http://www.morrellandkoren.com.au/topend/

fantastic reading, armchairs critics will no doubt know everything

thankyou
Doctor Robots

explod · 28 October 2009

robots said:
hello,

good evening, bit more action over here at doom & gloom headquarters

check this:

http://www.morrellandkoren.com.au/topend/

fantastic reading, armchairs critics will no doubt know everything

thankyou
Doctor Robots

Yep dOCTOR THINGAMY
the rhetoric from those ramping to take the fees for ziltch are pretty desperate as all else is failing, we must be close to the blow off top by the reading of it dOCTOR

My stocks up an average of 10% today on a down day too. Be able to buy some prime real estate with it after the fall, great investment opportunities all the time.

robots · 28 October 2009

hello,

any chance of flipping the Doctor a dollar or two, help out a battler from the street

thankyou
Doctor Robots

Macquack · 28 October 2009

robots said:
hello,

good evening, bit more action over here at doom & gloom headquarters

check this:

http://www.morrellandkoren.com.au/topend/

fantastic reading, armchairs critics will no doubt know everything

thankyou
Doctor Robots

That house at 2a Como Avenue, South Yarra sold for $3,990,000, they have to be kidding.
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2008022665

I would hate to see what something with a view is worth!

nunthewiser · 28 October 2009

If one was to buy a development block that was under a "distressed" sale scenario and was paying what the seller paid in 2003/04 would that be classed as buying at the wrong time also ?

Heheheheh gotta love capitalism and over extended people .

And the debt pain has not even kicked in fully yet overall.

Sunshine and Lollipoops Brothers

TOBAB · 28 October 2009

Macquack said:
That house at 2a Como Avenue, South Yarra sold for $3,990,000, they have to be kidding.
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2008022665

I would hate to see what something with a view is worth!

I know that place and the 3.9 is for land only. The house wouldn't be worth $50K. HUGE PRICE.

Aussiejeff · 29 October 2009

robots said:
hello,

any chance of flipping the Doctor a dollar or two, help out a battler from the street

thankyou
Doctor Robots

Dear Doctor,

I have researched all your thousand's of posts and notice that 99.9% in essence refer wholly to yourself about yourself.

Is your REAL name Doctor Dorothy Dix?

Chiz,

Curious

explod · 29 October 2009

Aussiejeff said:
Dear Doctor,

I have researched all your thousand's of posts and notice that 99.9% in essence refer wholly to yourself about yourself.

Is your REAL name Doctor Dorothy Dix?

Chiz,

Curious

Too true Aussie J, but Dorothy s message had some content. The banter of course has us way off topic so we are falling for the same.

If all else fails the diversion reigns for the pillars supporting house prices. Is pRolly why he has dOCTORATE

Beej · 29 October 2009

explod said:
If all else fails the diversion reigns for the pillars supporting house prices.

A request for clarification:

Are you suggesting that people like Robots, myself and others are actually responsible for house prices rising? Ie our actions have "supported" prices in the way say low interest rates or the FHB grant boost have?

Or do you mean that Robot's et al "support" house prices, as in they/we have always argued here over the past 2 years that nominal prices would not fall significantly despite all the endless bearish arguments, predictions, statements of absolutely certain outcomes and so forth that turned out to be completely wrong, and that we have turned out to be correct so far?

If the former then I am truly humbled that you see such market power being held by little old us!

If the latter then I can certainly see how house price "supporters" are worthy of derision and ridicule!

Cheers,

Beej

satanoperca · 29 October 2009

Patience is the key for the bears and action for the bulls.

We are nearing a junction :

Rising IR's from an incredibly low base
Decreased government revenue (not good given size of deficit)
Reduced FHBG
Government still predicting unemployment to rise
Share market about to take a correction
House prices surging in a classic blow off
USA about to rain down debt across the world with defaults on the rise and the next set of Alt-A /R loans about to mature
China has plenty of stock piles of resources/commodities
China exports down 20% this year
Our banking sector might be better than other countries but that does not mean it is bullet proof, actually a water pistol could bring them down
High $AU.

Conclusion property must go up because a Doctor told me so.

Cheers & enjoy Melbournes sunny day.

Oh, forgot, we have our own subprime, thanks RUDD, going to bail them out to with tax payers dollars.

robots · 29 October 2009

hello,

good afternoon, another great day across australia

oops, wrong thread

thankyou
doctor robots

WinnieBlues · 29 October 2009

australian housing is the last great bubble not to burst

here in brisbane, i bought my ex ppor for 180k in 99 in bardon, sold for 685k last year....

am now renting, sitting on a big wad of cash...

This is not the time or the place to be in debt

Robots....i don't know how many IP's you own....it might be too late to get out....i wouldn't want to be the last to the exits mate, you and other DIY property investors who are used to seeing endless growth might be crushed..

I got out at the right time...will you????

This is from a bloke called Gerald celente, who predicted much of the financial crisis with surprising accuracy...google it if you like...

this won't be pretty, as he is calling it as worse than the great depression......if he is right we are in big trouble..

i wouldn't dismiss what he says......as he has been right so many times....watch out below

http://www.youtube.com/watch?v=9nJ7LM3iyNg

WinnieBlues · 29 October 2009

ouch...and all the mortgage resets coming.......

subprime is over...now the next stage, and they have run out of bullets!!!!!!!!!

now for round two.......but i'm not the one risking my financial future......but i am sure uncle ben at the fed is right, the recession is over....just like they said saddam hussein had wmd!!!!

for your enjoyment, mortgage resets in the USA....man, that is one steep curve up!!!!!!

http://www.bearishnews.com/wp-content/uploads/2009/05/mortgage-reset-chart.jpg

robots · 29 October 2009

hello,

this is from a bloke called Doctor Robots, you dont need to google, he right here in the house man with over 2000 posts right here

this guy (along with 4 others) predicted the boom with 100% accuracy, yes man 100% accuracy

Got It Right Crew, i will ride the bumps along the way

thankyou
Doctor Robots

WinnieBlues · 29 October 2009

robots....u do know what you are talking about.....i have read your posts, and u made a great investment in saint kilda...

the game has changed though......

i have made good money in property....now is the time to get out...

the world is in a bad, bad way...i just got back from europe a few weeks ago...the US is worse

australia is not some isolated place...this will hit here, and hard.....we have no more to throw at this

I am not risking my financial future any more...i am 100% AUD....

this from the US.....but sure, the recession is over there, according to BB

http://www.youtube.com/watch?v=46r4yxttThw

robots · 29 October 2009

hello,

no worries Winnnieblues

it is some isolated place, like a hobby farm, self sufficient, paradise man

all the best for your investments, i hope people are still killing it with RE in years to come

thankyou
doctor robots

WinnieBlues · 29 October 2009

good luck robots.....i hope you make a motza......i am out of the game now....sitting on a big lot of cash.......you gotta know when to hold em and all that.....now time to get out....i have taken profit off the table....

there is no harm in getting out while you are still ahead.....quitting while you are ahead is not the same as quitting

just my 2c

I can read the signs...the writing is on the wall IMO for almost every asset bar cash and gold....deflation is going to kill off most asset classes..

the last few years....we aint seen nothing yet

do your research.......i did, and i was worried....forewarned is forearmed

robots · 29 October 2009

hello,

okay

thankyou
Professor Robots

joeyr46 · 29 October 2009

WinnieBlues said:
good luck robots.....i hope you make a motza......i am out of the game now....sitting on a big lot of cash.......you gotta know when to hold em and all that.....now time to get out....i have taken profit off the table....

there is no harm in getting out while you are still ahead.....quitting while you are ahead is not the same as quitting

just my 2c

I can read the signs...the writing is on the wall IMO for almost every asset bar cash and gold....deflation is going to kill off most asset classes..

the last few years....we aint seen nothing yet

do your research.......i did, and i was worried....forewarned is forearmed

You forgot to mention that we don't actually produce anything anymore we are no better than a banana republic until we start to produce something again, but then again the housing bulls don't seem to worry about no production and high debt. It has always ended badly can't see why this time will be any different I'm just amazed it has held up so long. But it is not going to happen overnight could take best part of 10 years or so. when you read financial history and step outside of housing prices to look at how stupid they have become compared to our wages (and how low rent has become compared to price of house) either rents double (the old formula was for every $16000 a house or unit cost you should get $40 a week) or prices half roughly to get back to some sort of real value because we certainly don't have inflation at the moment

House prices to keep falling for years

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explod

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explod

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