- Joined
- 12 January 2005
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stock_man, I am sorry if I was a bit too hard on you. Please accept my apologies.
WBII
Ouch!!! No need for the attack!! It might be nicer if you could illustrate to myself (and all the others you placed into the same category) where all the money has gone. It is much nicer to share wisdom and help others as opposed to public ridicule.
Anyhow, true, I was being lazy in my calculations. I took what I perceived was a generous average mean for the rates, insurance etc (being too lazy to work on the inflation adjusted figures).
Does the amount paid on the interest for the loan not change with inflation, as the final amount left is the same as the original amount, ie $18,200.
As I see it, the interest payments become less over time due to inflation. I would appreciate your help into the missing $$$$
Cheers
What about the annual rate of emigration and do think that will pick as the economy slows?Annual immigration is 240,000 with an annual shortage of 50,000 houses yearly.
Can you show me the math for that?with an annual shortage of 50,000 houses yearly.
.
This graph from RPDAta gives an interesting view
IMHO - The rise over the last two years may be corrected....I'd say prices shouldn't drop by more than 15% according to that chart.Again depends on speed of recovery.......15% would fall to reasonable levels but a serious downturn which we may not experience would put pressure to fall below 15%, where to....no one knows....desperate people do desperate things.
can someone show me the math for a 40% or 50% drop in prices?
Lets say a property 1 year ago used to be valued at $100K.
If the property is forecast to be valued at only $50K in the coming years, then the house will be worth ($50K/$100K), half of it's previous valuation.
If in this case, you express these hypothetical numbers in percentage terms, then the drop in price is calculated at 50%.
The above is actually arithmetic (certainly not pure mathematics) but I don't see any point in being pedantic about the semantics of the terminology of the calculations adopted to arrive at the answer to your question....
.
This graph from RPDAta gives an interesting view
What about the annual rate of emigration and do think that will pick as the economy slows?
Can you show me the math for that?
With a yearly immigration rate of 240,000 do you think these people will be importing there own hooses or living in tents?Selling your house depends one one thing ...finding a buyer ..no buyers its worth Zero...no buyer confidence you are stuck with a piece of junk..I think the RE market is starting to implode and will snow ball over the next few months. Sadly just like shares but RE will stay flat for yrs while you pay Rates Insurance and maintain which is money you have to get back before you can get a capital gain..shares you can see what is going on at any given time and if they start going up again you should be cashed up and poised...
Do you know what emigration is?With a yearly immigration rate of 240,000 do you think these people will be importing there own hooses or living in tents?
The thing I can't understand is why the China Housing Bubble is crashing so fast - Now surely they have a geniune shortage of housing!
(No, really I can understand, prices have just got to a level where no one can afford them. Let's say Australia has a annual wage of $58,000 and a average house price of say 1 Billion dollars. It doesn't matter what immigration rates are, or what the shortage is, who has 1 Billion dollars to spend? It's supply and demand. )
hello,
yes yes, another fantastic day in Melbourne
30 degrees, sun shining and a great auction clearance rate of 57%, brilliant
a few vendors hanging out for extra $ knocking the results around but all in all a glorious day,
still having trouble finding that waterfront block for 1999 prices, hope everyone is enjoying the evening
thankyou
robots
Yes a great day, clearance rate down on last week despite the Rudd bribe so let's see what happens next week, property boom ????? I think not.
The revaluation will continue down as the bubble continues to fracture.
hello,
are you sure Mr Burns?
thankyou
robots
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