House prices to keep rising for years

[numbercruncher]

Whats a fool doing with money in the first place?

Renting it from a bigger fool ?

 

[tech/a]

Renting it from a bigger fool ?

Any fool can criticize, condemn, and complain - and most fools do!

 

[robots]

hello,

awesome result on the weekend for melb. 82% clearance,

well done to all those involved

thankyou

robots

 

[explod]

hello,

awesome result on the weekend for melb. 82% clearance,

well done to all those involved

thankyou

robots

Said it before and I will say it again Robots, CLEARANCE RATES IS NOT AN INDICATOR OF MARKET STRENGTH, VALUE OR OTHER. There are indications that vendors or starting to rush the gate with reduced prices.

It will be a great time for me to gat back into investment properties in a year or two.

Oh, and by the way Robots; thought I would get a little apology from you regarding your comment towards me last week.

 

[robots]

hello,

the RBA loves the clearance rates,

the tanti estate is an infamous part of mornington where plenty of people live, so not sure how I over stepped the line, was just asking if you were down?

have a great day

thankyou

robots

 

[pepperoni]

a unit in our block

The property spruiker that lives in a unit. The end.

In other news nab independently increased its mortgage rates by .9%.

 

[robots]

hello,

thats right peeperoni,

its a great place too, 53sqM of fabulous living right here in Melbourne, where all the Sydney people are migrating to

how we looking peep, property still 8x your salary?

this is what I mean, why the anger towards property?

thankyou

robots

 

[xoa]

hello,

thats right peeperoni,

its a great place too, 53sqM of fabulous living right here in Melbourne, where all the Sydney people are migrating to

how we looking peep, property still 8x your salary?

99% of Australians will never need to live in a 53sqm bedsit. We're not Japan.

If you're counting on that, well...

 

[robots]

hello,

do you think I should sell xao?

like with record prices everywhere

thankyou

robots

 

[xoa]

hello,

do you think I should sell xao?

like with record prices everywhere

thankyou

robots

I'm not a financial adviser, so I'm not going to give you advice.

There's just no way I'd buy even a 53sqm bedsit at current prices. These hovels are being sold in Brisbane for $300k and up, mostly to "investors" who end up renting to international students. Sure, the average person may be able to afford one (on a large mortgage), but so what?

I'd rather rent a proper property, than pay $440 per week in interest for a bedsit.

 

[robots]

hello,

oh, still a bubble going on, you sure

thankyou

robots

 

[Mofra]

Whats a fool doing with money in the first place?

We, as the voting public, elected them

 

[numbercruncher]

Bit more pain for the Money Renters, other banks will surely follow suit ? House prices to keep rising for years ?

THERE'S more pain in store for home buyers, with National Australia Bank raising interest rates out of the blue this afternoon.

NAB hiked the interest rates on its standard variable home loans by another nine basis points to 9.36 per cent - even though there has been no movement in the Reserve Bank's official interest rate.

http://www.news.com.au/adelaidenow/story/0,22606,23430232-5006301,00.html

 

[metric]

house prices will rise forever. its a no brainer. fiat money devalues, so as time goes by one needs more of it to buy the same thing.

however, if i gave you gold for land, it is possible in 50 years they will be of simmilar value to eachother as they were at the time of purchace.

please dont blow bubble theorys at me...my home doubled in value the day i bought it. not because of fiat money etc, but because i bought correctly, researched, and got a bit lucky.

but house prices will always rise, even if some 'buyers selections' fall in price a little occaisionally..

 

[pepperoni]

Living in a 53 sqm unit in the bleak city ... oh god Id rather be waterboarded on a daily basis.

I didnt think banks even rented money to people who are thick enough to buy anything under 60sqm????????!

 

[pepperoni]

house prices will rise forever. its a no brainer. fiat money devalues, so as time goes by one needs more of it to buy the same thing.

however, if i gave you gold for land, it is possible in 50 years they will be of simmilar value to eachother as they were at the time of purchace.

please dont blow bubble theorys at me...my home doubled in value the day i bought it. not because of fiat money etc, but because i bought correctly, researched, and got a bit lucky.

but house prices will always rise, even if some 'buyers selections' fall in price a little occaisionally..

I guess the majority of the world that is experiencing falls or flat prices for decades dont have fiat money.

And if anyone was interest in fiat money effect on prices they might have well would have started a thread "brocolli prices to keep rising for years"

100% in a day ... unless you sold the same day (.....bwahahaha...) Im sure you will find that when you go to sell there is no great rush to buy at more than you paid.

Its great that there are such enthusiastic dreamers out there like you and robots out there but financially its also better to have some realism and invest on strong fundamentals for high returns (ie not on a fiat money basis and not in property).

 

[metric]

I guess the majority of the world that is experiencing falls or flat prices for decades dont have fiat money.

And if anyone was interest in fiat money effect on prices they might have well would have started a thread "brocolli prices to keep rising for years"

100% in a day ... unless you sold the same day (.....bwahahaha...) Im sure you will find that when you go to sell there is no great rush to buy at more than you paid.

Its great that there are such enthusiastic dreamers out there like you and robots out there but financially its also better to have some realism and invest on strong fundamentals for high returns (ie not on a fiat money basis and not in property).

if you only knew.

 

[metric]

I guess the majority of the world that is experiencing falls or flat prices for decades dont have fiat money.

lets look at this statement..

i guess the majority of the world, that is experiencing falls or flat prices, for decades, dont have fiat money..


i ask, where in "the majority of the world", has real estate been "experiencing falls or flat prices for decades" ?

 

[Tysonboss1]

Living in a 53 sqm unit in the bleak city ... oh god Id rather be waterboarded on a daily basis.

I didnt think banks even rented money to people who are thick enough to buy anything under 60sqm????????!

I live in an apartment thats not much larger than that size,... lots of people do.

Just because it's not to your taste doesn't mean it no good.

It's only natural that as more ad more people try and cram into the same area that living spaces decrease,

 

[wayneL]

http://latimesblogs.latimes.com/laland/2008/03/california-free.html

WOW!!!

California freefall: Home prices fell 26% in February

Signs of distress are piling up in the California housing market, where prices are falling at three times the national rate of decline.

--Statewide, median sales prices fell by a stunning 26% from year-ago levels in February, with home prices dropping at a rate of nearly $3,000 a week, the California Association of Realtors reports. Further, the CAR says the Fed's interest rate-cutting campaign "will have little near-term direct effect on the housing market."

--In the San Fernando Valley, losing a home to foreclosure is now almost as common for families as buying a home. The L.A. Daily News: "During January and February, there were 1,084 foreclosures and 1,335 sales of houses and condos in Valley communities from Glendale to Calabasas, according to the San Fernando Valley Economic Research Center at California State University, Northridge."

"It's bad. It's really bad," market analyst Nima Nattagh told the Daily News.

The California Association of Realtors reports median prices fell 27.2% from year-ago levels in the hard-hit Inland Empire east of Los Angeles, 30.9% in Sacramento, and 39.1% in Santa Barbara County.