House prices to keep rising for years

[dhukka]

WTF?

No you haven't, you are a liar, I asked another question, you fail to answer it and go off on a childish rant as bears usually do when made to look like silly.



You sound like that anus/foundation/permanently high idiot from the GHPC circle jerk camp.

He likes calling people retarded as well.

Grow up

Listen retard, I answered your original question, you didn't like it so you posed another and at the same time build straw man arguments that I claim everyone is wrong if they don't subscribe to my world view. I didn't mention my world view, It has nothing to with my world view, the historical record clearly demonstrates that Ben Bernanke is clueless.

Trying to backpedal by changing the question is disingenous, the rest of your links are meaningless in and of themselves. Just as someone offering up 100 links of bearish news would be.

Pick out a link and present arguments in favour of and maybe we'll have a debate. Otherwise, try lying down in front of a bus and realize your true potential.

 

[numbercruncher]

Hello,


Reliable sources tell me if you want a brand new apartment in Surfers Paradise, just offer 30pc below asking price and your offer will be snapped up ..... ie/ Typical 500k unit is now 350.


Have a nice realestate crash, erm I mean day


Thankyou.

 

[Lancelot]

Listen retard, <snip> Otherwise, trying lying down in front of a bus and realize your true potential.

Yep, sounds like that anus/foundation/permanently high idiot from the GHPC circle jerk camp to me

 

[dhukka]

Yep, sounds like that anus/foundation/permanently high idiot from the GHPC circle jerk camp to me

don't know who or what the GHPC is, but that bloke sounds like my kind of guy, got any links?

 

[nomore4s]

"Lets keep the name calling out of it please. This has been a long and somewhat interesting thread at times so lets try to keep it on track.

Please treat others with respect even if you disagree with them.

Thank you all for your co-operation."

 

[nunthewiser]

Geeeeeez "4",s u sure know how to kill a conversation

 

[Lancelot]

Hello,


Reliable sources tell me if you want a brand new apartment in Surfers Paradise, just offer 30pc below asking price and your offer will be snapped up ..... ie/ Typical 500k unit is now 350.


Have a nice realestate crash, erm I mean day


Thankyou.

Just hearsay from a bearforum or have you got examples?

Even if its true and someone who finished a project at the wrong part of a cycle liquidates stock or is an overleveraged owner who lost their job so cuts the price,this affects me how?

I don't want to buy in the Gold Coast area, it has always been overbuilt and overrated in my opinion.

Do you really think a couple of examples will affect the entire market of Australia? What if I have no need to sell ? What if my property is in some way more appealing or unique compared to others?

 

[Lancelot]

don't know who or what the GHPC is, but that bloke sounds like my kind of guy, got any links?

I thought you'd fit in

 

[MrBurns]

Hello,


Reliable sources tell me if you want a brand new apartment in Surfers Paradise, just offer 30pc below asking price and your offer will be snapped up ..... ie/ Typical 500k unit is now 350.


Have a nice realestate crash, erm I mean day


Thankyou.

Ohhh thanks I wonder about Port Douglas ? probably the same ?

 

[nunthewiser]

Ohhh thanks I wonder about Port Douglas ? probably the same ?

and southbanks/portmelbourne

 

[MrBurns]

and southbanks/portmelbourne

Really ? now there's a sure thing long term investment, if you live to be 200 that is...........no really that's worth looking into.

 

[Timmy]

you are a moron ... you're simply a moron.

you are a liar,
You sound like that anus/monkey boy/foundation/retarded ape/permanently
Grow up

Listen retard,

Guys ... this is ASF not a schoolyard/parliament.

Read this....

"Lets keep the name calling out of it please. This has been a long and somewhat interesting thread at times so lets try to keep it on track.

Please treat others with respect even if you disagree with them.

Thank you all for your co-operation."

Last warning B4 we get nasty & y'all find somewhere else to post. OK?

 

[robots]

hello,

chill out brothers, take it easy man

we can all get along in relation to life, i like riding a bicycle you like rollerblading, no big deal

thankyou
robots

 

[kincella]

Robots...there were some really good posts in here today...look past the banter...and check out my posts tonight...see the pic of my dog...the one that goes to Chapel St for the KFC
cheers

 

[Soft Dough]

Do you really think a couple of examples will affect the entire market of Australia? What if I have no need to sell ? What if my property is in some way more appealing or unique compared to others?

Keep convincing yourself that is different

That way you can hold onto it and sleep at night.

but it would have dropped in value, as people have not got access to the money to buy it anymore.

 

[Lancelot]

Keep convincing yourself that is different

That way you can hold onto it and sleep at night.

but it would have dropped in value, as people have not got access to the money to buy it anymore.

You must have missed this bit

What if I have no need to sell

Plenty of people still have access to money.

And so what if it drops in value, they have before and guess what?

It came back and went up even more

 

[Soft Dough]

You must have missed this bit



Plenty of people still have access to money.

And so what if it drops in value, they have before and guess what?

It came back and went up even more

No I saw it.

But you would still have lost money.

ie try going and borrowing money from the bank using your house as security and use that argument when they value your house lower than what you think it is worth.

 

[Lancelot]

No I saw it.

But you would still have lost money.

ie try going and borrowing money from the bank using your house as security and use that argument when they value your house lower than what you think it is worth.

What

You make no sense, explain how I have lost money if I havent sold or have no intention of selling?

1)why would I want to borrow money
2) heard of LOC? I get houses revalued and LOC locked in when prices are rising, not falling
3) why do I need to borrow money again?
4) you are struggling

 

[kincella]

good article its about the :sheep: mentality

Opportunities, but herd mentality keeps investors awayFont Size: Decrease Increase Print Page: Print HOTSPOTTING: Terry Ryder | May 07, 2009
Article from: The Australian
OUR kids want a cubby house and I'd like them to have one. A year ago I would have bought one without hesitation.

Today, because the economic atmosphere is crackling with fear and caution, the natural impulse is to avoid spending. But there's never been a better time to buy a cubby. Suppliers are desperate for business so they're cutting prices and offering extras.

My ability to afford one is as good now as it was 12 months ago -- so my rationale is to invest in one, because it's a buyers' market.

The average punter would, I suspect, delay action until the economy improved and confidence was higher. They would end up paying considerably more, because the cut-price deals and giveaways would no longer be there. This little scenario also encapsulates property today. The market should be busy with investors snapping up cut-price assets. With interest rates down and rents up, a self-funding investment is a probability.

Here's why it's not happening: the dominant paradigm in property is that most investors do the opposite of what makes sense. They dive into the market when prices are high and run away when prices are low.

Three decades of analysing property has taught me two things: one, most Australians think they understand real estate; and two, most Australian don't understand real estate.

I refuse requests from friends and acquaintances for advice on property decisions, because the usual pattern is this three-step process: one, they ask me what they should do; two, they do the opposite of what I suggest, and three, they contact me to complain that they got a bad result.

Other advisers and experts tell me this is a common pattern.

The reason people seek advice and then take contrary action is that most think they know real estate.

The average dinner party will comprise 50 per cent males, 50 per cent females and 100 per cent property authorities.

This nation is teeming with experts. Some who are smart enough to know they're not experts are nevertheless silly enough to accept advice from family members rather than independent professionals.

But there's another overriding characteristic: humans are herd animals and prefer to do what the pack is doing. Everyone wanted to be a buyer 18 months ago when markets were raging, prices peaking and interest rates rising.

Today, with prices soft, interest rates low and competition weak, there's not an investor in sight.

I've had enough conversations with wannabe investors and developers to know that most want to be wealthy -- or, at least, retire in comfort. Somehow they believe they can achieve this goal by being a pack animal. No one listens to those who have become seriously wealthy through investment -- such as Warren Buffett, for example -- who advise people to buy when others are selling, and sell when others are buying.

If anyone was listening, the dominant force in real estate would be bottom-feeding investors. Everything that matters is in their favour at present. But the market leaders are first-home buyers. This kind of behaviour is being repeated across other forms of real estate. Developers with sites purchased and tenants signed up are deferring construction out of fear rather than common sense.

Investors are hiding because they believe prices are falling everywhere, that the lucky country has no opportunities and that Australia is a hotspot-free zone.

None of this is true. There are always hotspots to be found, in any climate. Australia abounds with opportunities -- what it lacks is people willing to grab them. Take a look at the following news ............................
end of extract...read the full article
http://www.theaustralian.news.com.au/business/story/0,28124,25438267-25658,00.html

 

[satanoperca]

Kincella,

Interesting read even if it was from a spruiker.

I can only state what I am seeing in the areas that I am following and the reason why investors may not be in the market at the moment is that all the bargains have disappeared. It would seem in my price bracket (500-800K) prices have actually gone up in the last three months.

So, why would investors be rushing back with the prospects of little CG of the next few years and prices only marginally down on last year.

Maybe they are waiting to see how much debt KRUDD has got us into with his sophisticate ways of simulating the economy, cash hands, whoopee - soon to be announced in the soon to be released budget.

Being teaching my 3year old that two wrongs don't make a right. Maybe he can get in KRUDD's ear and explain debt got the world into this situation and getting into more debt is not going to get us out.

Cheers

Day off today with my son, off to the play center, being a kid is so much fun.