House prices to keep rising for years

[robots]

hello,

no surprise you can pick up a joint in down town Detroit for 10k

thankyou
Doctor Robots

 

[Taltan]

40 years ago before globalisation, world's best practice etc. stock markets too did not affect each other the Dow would gain 2% the Nikkei would fall 1% and the ASX would be steady in one day with very little international correlation. 40 years on and of course the biggest indicator of daily movement is what happened on Wall Street.

Its because houses in Detroit are going for 10k I believe that in the long-term there will have to be a correlation between the price of a house in Detroit, Paris & Sydney. More specifically a balance between the rental yields on those houses. If Chinese investors can get better returns for housing in Detroit they will eventually go there. This is many years away but the like the stock markets it will happen

 

[Mofra]

Taltan, much of the reason for the new correlation in price is the correlation in business activity, from demand for goods being set on a global basis rather than a national one, to the competition for credit now being completely globally based as well.

A choice of where to live is much harder to set on the same macro-scale as there are occupational considerations to be had (ie Detroit as a city is a basket case financially with a shrinking population) as well as personal choices (many people prefer to live in proximity to their family & friends).

 

[Taltan]

Mofra that is why its many years away mostly because people are not free to move to another country. However as you said the competition for credit and goods (housing is a good) is now global. More and more housing investment is being done for profit not just shelter. This capital will invariably chase the best returns. I acknowledge this is all a fair way away but already there is a correlation between Qld, NSW & Vic house prices that is stronger than 30 years ago.

 

[satanoperca]

The mortgage market contracted in October after buyers were spooked by the first increase in interest rates in 19 months, according to a survey.

Mortgage broker AFG’s monthly Mortgage Index showed that the mortgage market contracted 11.5 per cent.

& just a couple more IR rises for a happy new year.

If they were spooked with 0.25% increase, what is going to happen when rates rise by x8 of 0.25%.

Cheers

 

[robots]

40 years ago before globalisation, world's best practice etc. stock markets too did not affect each other the Dow would gain 2% the Nikkei would fall 1% and the ASX would be steady in one day with very little international correlation. 40 years on and of course the biggest indicator of daily movement is what happened on Wall Street.

Its because houses in Detroit are going for 10k I believe that in the long-term there will have to be a correlation between the price of a house in Detroit, Paris & Sydney. More specifically a balance between the rental yields on those houses. If Chinese investors can get better returns for housing in Detroit they will eventually go there. This is many years away but the like the stock markets it will happen

hello,

oh yeah, chinese investors are buying everything, every weekend

this rumour was started by the anti-property blogging crew and has grown to now be dirty chinese gov money, the kids, the gold fish, they never sell for eternity

people aren't interested in rental yield, but good luck if you like following shonk markets

thankyou
doctor robots

 

[Taltan]

Robots Unlike Mofra I didnt expect you to grasp my comments. However I did expect you to understand yields and return on investments concepts, but I guess one should never assume.

 

[robots]

hello,

2001 the same reasons were used, its many years away but it will happen

03/04 the same reasons were used, but it will happen

09 the same reasons, but it will happen

my heart goes out to the people who listened to these spruikers and followed them into the grave, please hold them accountable

schiller, keen, GPHC and not robots, beej or kincella

many ignored the true believers and still do sadly so its make sense people get so sensitive about it

but, thanks for your opinion

thankyou
doctor robots

 

[satanoperca]

Hello,[

QUOTE=robots;508692]
oh yeah, chinese investors are buying everything, every weekend
[/QUOTE]

Any facts/figures to back up this claim.

Cheers

 

[MACCA350]

hello,

oh yeah, chinese investors are buying everything, every weekend

this rumour was started by the anti-property blogging crew and has grown to now be dirty chinese gov money

Was speaking to a friend on the weekend(he's been an estate agent for about 20 years and is an owner of his current agency and is also an advocate and auctioneer).

He mentioned he has most definitely noticed the international presence both at auctions and in private sales, and were not talking just one or two here, in many cases they are the majority.

You may laugh, stick your fingers in your ear and sing la-la-la or bury your head in the sand, but it is real like it or lump it.

cheers

 

[robots]

Was speaking to a friend on the weekend(he's been an estate agent for about 20 years and is an owner of his current agency and is also an advocate and auctioneer).

He mentioned he has most definitely noticed the international presence both at auctions and in private sales, and were not talking just one or two here, in many cases they are the majority.

You may laugh, stick your fingers in your ear and sing la-la-la or bury your head in the sand, but it is real like it or lump it.

cheers

hello,

thats a good one for the sig Macca350,

8x average income to average house,

price rises all across the country

no crash but record prices which clearly indicates the only thing affected by the GFC is the shonk market

You may laugh, stick your fingers in your ear and sing la-la-la or bury your head in the sand, but it is real like it or lump it

and my BELIEF is because this is paradise

thankyou
doctor robots