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the tomato or the roll ?? would be nice to know which one to worry about
House prices to keep falling for years
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the tomato or the roll ?? would be nice to know which one to worry about
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Yep 23% plus the down dip thats overdue say another 15% let's round it off at say 40% probably a lot more.
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And if you look at when we last had a credit crisis, 1929-1933, you can see that house prices fell from about 200 to 100. A quiet 50% fall.
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Great analysis there... I can make up figures too (or "roudn them off" if you'd prefer
. I'd rather live in the real world though.
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im just trying to work out where everyone going to live while all this happens
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Great analysis there... I can make up figures too (or "roudn them off" if you'd prefer
Yes I can see that from your avitar
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Funny how the bears always try to get personal (with apologies to NC & Pommie).Yes I can see that from your avitar
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Great analysis there... I can make up figures too (or "roudn them off" if you'd prefer
I'm sure Alan Greenspan did a lot of analysis as did Wayne Swann (choke) and a lot of others that thought they were smart arses that are now sitting on losses that they will never get back.
I only made a reasonable assumption based on what is happening now and what happened before, been there seen it all before, whats your analysis based on ?
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Don't break out the champagne yet. The banks are getting smashed, because they're heavily exposed to the slumping housing market. Specuvestors and banks are in the same boat.
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I'd respond in kind, but some of us are above that sort of thingOh you poor victimised thing, go have a lie down.
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I'd respond in kind, but some of us are above that sort of thing
Well I admit I had to lower mysrlf to repond to your first insult but let's just leave it at that.
With respect, if you cant take it dont dish it out.
This is the classic argument of most property bulls. Who says that people will get a place to live even if they need it? If the above average worker can't afford the house at the price it has to go down - simple. Then only above average workers will have houses and the rest will rent or whatever alternative.
I see a possibility of house prices going down. But I see this caused by factors that increase homelessness and general poverty. Unemployment, and the bank loan defaults, mortgagee sales, and so on resulting from this. As the money is sucked out of the economy a snowball effect can happen in other sectors. Sad Australia put all its eggs in one basket - housing. People never consider homelessness as an alternative here, but if the country has no money then we will suffer and house prices will fall with an extreme amount of suffering. I don't know if it will happen but it is a slight possibility.
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i think you assume too much , i am not a property bull at all and expecting a nice retraction of prices actually across the board,before continuing its long term uptrend. it was a question.
im actually wondering if all these property bears here are actually prepared to rent for the next 5- 20 years in the hope of finally picking a bottom and paying dead money in rent in the meantime.
like i said was only a question.
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There are a few who on record as renters - some going back to the first housing thread from a number of years ago, so there's a bit of credibility there. I'm renting too by the way - rent money is only as dead as non-deductable bank interest
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There are a few who on record as renters - some going back to the first housing thread from a number of years ago, so there's a bit of credibility there. I'm renting too by the way - rent money is only as dead as non-deductable bank interest
yes but from my understanding you have property as investment also and it kind of counteracts the whole cycle , i too have rented in the past and let other renters pay for my propertys.
yep understand the amount of longterm renters here but still inquisitive if they prepared to rent till they finally decide they have found the perfect low before entering the property market
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There are a few who on record as renters - some going back to the first housing thread from a number of years ago, so there's a bit of credibility there. I'm renting too by the way - rent money is only as dead as non-deductable bank interest
I know an agent who sold about 7 years ago because he was positive that the market couldn't go any higher, it doubled after that at least.
He is very experienced, I think that just goes to show the enormity of the present bubble and I don't think many people see that, partly because they've never seen it before.(property bubble)
In any case argument is all but redundant as this is unfolding as we speak, we will know within 6 months who is right.
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