tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,452
- Reactions
- 6,504
I never said this was anything like the US, those in the property industry would call this a no brainer, it's coming down how far time will tell.
So I dont agree with you lets just let the market speak or itself over the next 12 months.
These types of people ??? You mean rational thinking people who have some experience in a market where things go elsewhere but UP ?
800% ??? geee that must have been the guy that found his boundary re aligned to take up the 3 houses adjoining.
Property will recover and go up again but it hasn't even gone down/crashed yet so don't rush in just yet.
I might as well talk to the cat.
I am in the industry.
Civil Construction.
Project Developement.
And your in?
You should be banned for arrogance.
Anyway, what are you expecting Melbourne inner city to fall Mr Burns?
You should be banned for arrogance.
QUOTE]
ROFLMAO!!! post of the year !
cheers i found that highly amusing
Cam, not everyone who owns property is geared up to the eyeballs and negatively geared.I known, the permabulls are hocked to their eyeballs in debt and are looking for anything to support their view no matter how strong evidence is to the contrary. They are completely deluded IMHO, just let them fall into negative equity and relax.
In some areas it has; you wouldn't want to incur the wrath of the other bears surely?Property will recover and go up again but it hasn't even gone down/crashed yet so don't rush in just yet.
Cam, not everyone who owns property is geared up to the eyeballs and negatively geared.
In some areas it has; you wouldn't want to incur the wrath of the other bears surely?
No, but permabulls are more likely to be than anyone else.
If you truly believed that shares rose 10% per year every year, and never went backwards more than 2-3%, how much would you borrow @ 7.5% or so to invest? Let me guess, as much as the bank would let you, minus about 2-3% to prevent margin calls?
Permabulls really believe their own tripe. They think houses double every 7-10 years and at worse "Ease" a couple percent between cycles. I remember someone on another house price crash forum calculated that if this 7-10 year rule was true, you could have bought a house on about 4 hours median wages back in 1900. (Their wages, not ours).
One big problem with RE is the owners think their precious house is some thing and therefore refuse to believe the data.
George Soros is now saying a very deep recession and possible depression.
2/3 of the Hedge Funds to fold very soon.
Given OZ home owners are living in the most expensive houses per incoem and we are more in debt that the Yanks but not as bad at Uk thinks just have to start going down soon.
Some woman on ABC today was saying the Domino's are starting to fall and yet to reach small to medium business.
"Mr Soros, who reportedly earns more than $100,000 an hour as a hedge fund manager"I know my soro but here's your soro link:
http://www.news.com.au/business/story/0,27753,24650136-14334,00.html
But this is Australia mate!
Is he waving goodbye to Australia's economy?
Thats a good one. LOLIs he waving goodbye to Australia's economy?
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