chops_a_must
Printing My Own Money
- Joined
- 1 November 2006
- Posts
- 4,636
- Reactions
- 3
Lolza.
Obviously incredibly well thought out when some futures have an effective lifespan of about 3 weeks.
Lolza.I'd love to see the US regulate their morgtage industry (we dont really need to here) and all markets ban short term trading (must hold for 3 months) or put a 5% stamp duty on shares - then we can clear out all the Volatility Vultures, Options traders and spruikers - only long termers would be left. Buying a stock would be like buying a property - lifetime investment.
Lolza.
Obviously incredibly well thought out when some futures have an effective lifespan of about 3 weeks.
Not to be a Killjoy but thats the point. Derivative's, futures even options are all (in my very naive opinion) just tools to gamble on the movements of values - scrap em all - they cause the problem. How can an industry that is based purely on volatility (or stability) have any other effect than to cause volatility.
Not to be a Killjoy but thats the point. Derivative's, futures even options are all (in my very naive opinion) just tools to gamble on the movements of values - scrap em all - they cause the problem. How can an industry that is based purely on volatility (or stability) have any other effect than to cause volatility.
You asked for my reasons for being bearish on property. You spat the dummy and didn't want to listen or go through the points raised when you read something you didn't want to hear. In a thread that IS for that I might add.
While it's all fallen into a heap now, leading up to that they have also provided ample funding to our financial institutions, and consumers, and also one of the biggest property and general economic booms in Australia's history. Some of which is no doubt has provided the extensive funding for your developments, and is now sitting there as profit, or in your bank account.
While we can deride it all in hindsight, it has provided plenty of opportunities for those that have taken advantage of it and created many wealthy individuals. The only problem has been the final sucker holding the debt when it blows up in their face. Whether that be the banks, over-geared share owners, overly indebted home owners, consumers drowning in credit card debt, or whatever else.
I can assure you I only have 1 account.You have changed signons - you are the forum troll from a few days ago. You can go jump my friend - Im here to learn what is going on the financial markets and what if any impact I can expect them to have on the proerty markets.
Im happy to share the knowledge and expect some back in return. Your here for cheap thrills and personal insults. The points you raised on being bearish on property where general in nature and not based on any fact. I responded with "what about: 15% reduction in cost of funds, rental market of .9% vacancy (anything below 3% is considered critically low), increased non bank liquidity for residential property, undersupply by 7,000 reaching to 14000 dwellings by 2014 for melbourne, and the first home buyers grant of $14 -$21k, this onto a market that has been flat for 12 months (maybe slightest rise) with the lowest consumer confidance of all time.
I can assure you I only have 1 account.
And go on, prove that's what you responded to me with.
hello,
if i'm on 8% now and goes down to 1% as mentioned by SBH, that makes the interest component of a P & I loan very very very low,
on payments of $300pw, i reckon $200 would be interest, fantastic when they get to 1%,
so for the uneducated: 52wks x $200pw=$10400
no mrs is on the same ride Number, life
thankyou
robots
hello,
SBH is suggesting 1% interest rates as mentioned in post,
so Number what happens if IR goes from 8% right down to 1%? in relation to home loan payments
okay put it another way, when the 6mth review comes in from bank, the weekly payment would probably drop from $300pw to $100pw when IR goes to 1% as others are suggesting, FANTASTIC
thankyou
robots
hello,
SBH is suggesting 1% interest rates as mentioned in post,
so Number what happens if IR goes from 8% right down to 1%? in relation to home loan payments
okay put it another way, when the 6mth review comes in from bank, the weekly payment would probably drop from $300pw to $100pw when IR goes to 1% as others are suggesting, FANTASTIC
thankyou
robots
I'm not arguing about house price, I beleive in free market, people buy what the hell ever they want, property, shares, arts, cars, junk bonds... over price, under price, cheap, expensive..they will learn soon enough which category they fit in
but do you know what it mean when interest rate drop? that mean the economy is in trouble, people are losing jobs, retail are falling, not much money is flowing around.
so when people don't have jobs it doesn't matter if it's a $100 or $50 repayment, they still cant afford it
it's better paying $300 and have a job than $50 and you are unemployed I say
when the economy slows and people start to lose job, sentiment drop and no one is willing to pay much for ANY Asset, shares, property, car the whole shi bang
Brave and confident words Beej !!
I sincerely hope that this nirvana materialises ! ....
Im not sure youve lived through an economic crisis such as the one we find ourselves now in though?
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