As nice as that?
How about 'patient in a an ambulance on his way to hospital for emergency treatment. Ambulance runs out of fuel in ghetto neighbourhood of St Kilda. Ambulance, paramedics and patient get robbed and attacked with knives. End result: 3 dead, kidneys and eyeballs stolen. Ambulance stripped and now a smouldering wreck'.
Denial of House prices.
http://www.msnbc.msn.com/id/27648884?ref=patrick.net
hello,
great posts keep the coming, I wont be getting listed on the "missing ASF person" thread,
i wont be calling for the ban of anyone either just for having a different outlook or opinion,
have a great day brothers, 32 here in Melbourne, just about to start pedalling for a cafe latte on chapel st, and can see the hot air ballons going over the suburbs
utopia, enjoy the day and tell the family you love them
thankyou
robots
hello,
great posts keep the coming, I wont be getting listed on the "missing ASF person" thread,
i wont be calling for the ban of anyone either just for having a different outlook or opinion,
thankyou
robots
Four-bedroom homes in the inner east, which includes suburbs such as Kew, Camberwell, Canterbury, Richmond and Hawthorn, posted a 13.2% fall in the September quarter.
Three-bedroom inner-east houses have also faired badly, tripling the city median with a drop of 9.9%.
It was a similar case for three-bedroom homes in the inner-south where homes across St Kilda East, Prahran, Caulfield North and Armadale have slipped for the three months to September by 12%.
REIV figures reveal that four-bedroom homes in Melbourne's inner-east have recorded the largest falls over the past 12 months, dropping 15% since September 2007.
Denial of House prices.
http://www.msnbc.msn.com/id/27648884?ref=patrick.net
Gold article, even if it was from "mainstream media" that I tend to be critical of.
My house is better than everyone else!
The psychological effect is just so simply to understand, yet people still fall into it. I guess we are all human beings after all, and it's difficult for us to be logical at all times.
Hello Robots .....
Seems that 12pc thing you keep going on about might be one big fat lie - Im sure the people who supplied you that information will call it an error ..... ?
Melbourne is nosediving .....
http://www.theage.com.au/national/premium-suburbs-bear-brunt-as-real-estate-market-reels-20081111-5mjz.html
Wow the inner East is burning equity faster than the average person can earn it !!
So early in the crash to boot ..... oh well everyone had fair warning i guess ...
I visited my brother in St Kilda a couple of months ago and there was a place for sale down the road - 3-4 bedroom house on small block (are there any large blocks in melb suburbs???) in need of reno and they wanted $700k for it
If you are talking about prices like this falling by 10-15% in short order I can't see why this is a problem. Who would want to pay that much for a dingy old place in the burbs anyway?? Specially when you can buy a beautiful new house overlooking the river and city in hobart for less than that
However it is the median prices which are the issue - inner city burbs with median prices at the $600k+ level falling by 20% should not have marked effect on median prices as these places are all at the top end of the list - although the flowon effect would see houses in outer suburbs pushed down also but by less %.
Hmmm. Buy a place for $1m. Spend $400k on renovations. Sell for $1.2m. Watch a real estate agent cry out "Look at the capital gain of 20%!"
It is all in the perception.
Or buy a place for $350k, spend $350k on it, sell 2 years later for $1.4M, like some good friends of mine did - that's a "perception" I like
PS: I thought they were mad at the time for spending that much money (on renovations) in the area they were in, but they correctly picked the trend and I had to eat humble pie!
Cheers,
Beej
Or buy a place for $350k, spend $350k on it, sell 2 years later for $1.4M, like some good friends of mine did - that's a "perception" I like
PS: I thought they were mad at the time for spending that much money (on renovations) in the area they were in, but they correctly picked the trend and I had to eat humble pie!
Cheers,
Beej
Tell them to do it again.
Buy a place for $1.4million, spend nothing on it, sell it in 3 years time for $700k
Indie said:Yes, and the point of this thread lies herein.
Nobody can argue about profits made in the boom years, stocks are the same. The credit market has now topped. No question. The writing is on the wall in every other part of the economy. Anyone who thinks the asset class of property can escape the carnage unfolding in the economy is in denial. Plain and simple.
The thing that consistently AMAZES me about this thread is the smugness/ certainty/ "everyone else is an idiot" attitude of many of the bear posters here
I visited my brother in St Kilda a couple of months ago and there was a place for sale down the road - 3-4 bedroom house on small block (are there any large blocks in melb suburbs???) in need of reno and they wanted $700k for it
If you are talking about prices like this falling by 10-15% in short order I can't see why this is a problem. Who would want to pay that much for a dingy old place in the burbs anyway?? Specially when you can buy a beautiful new house overlooking the river and city in hobart for less than that
However it is the median prices which are the issue - inner city burbs with median prices at the $600k+ level falling by 20% should not have marked effect on median prices as these places are all at the top end of the list - although the flowon effect would see houses in outer suburbs pushed down also but by less %.
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