House prices to stagnate for 'years'

Tysonboss1 · 24 January 2008

Broadside said:
Those upsizing would be advantaged by price falls and those downsizing, selling out for retirement would be disadvantaged. Most - who don't change residence - wouldn't be affected at all, except for their paper wealth.

.

How so,....

If a person were upsizing how would a drop in the market assist them,... It may lower there buying price,... but there selling price of there current home would be affected.

robots · 24 January 2008

hello,

http://www.tradingroom.com.au/apps/view_article.ac?articleId=145568

a good way of increasing you're pay,

get into the building industry, still plenty of opportunities

get away from the desk and you will soon see the "no risk" environment many building workers are in

the amount of money people would be able to "save" is enormous,

this is one reason I got away from the SPI, spread betting, futures trading, etc

a few yoga classes keep the body going strong

thankyou

robots

Broadside · 24 January 2008

Tysonboss1 said:
How so,....

If a person were upsizing how would a drop in the market assist them,... It may lower there buying price,... but there selling price of there current home would be affected.

take it to the extreme so it is more apparent...I want to upsize from a one bedroom studio flat to a 3 bedroom penthouse. The market was $150k for my studio and $1m for the penthouse. So I need to pay an extra $850k.

If the market halves (just an extreme example) I only get $75k for my studio but pay $500k for the penthouse, so I only pay an extra $425k....I am much better off upsizing in a lower market.

On the flipside downsizing in a lower market you lose out.

numbercruncher · 24 January 2008

And save a couple of bob on stamp duty

numbercruncher · 24 January 2008

This is for those that think RE cant ever go down, yes we know who you are

NEW YORK (CNNMoney.com) -- The worst housing financial crisis in decades is only going to get worse, a Merrill Lynch report said Wednesday.

The investment bank forecasted a 15 percent drop in housing prices in 2008 and a further 10 percent drop in 2009, with even more depreciation likely in 2010.

http://money.cnn.com/2008/01/23/real_estate/merrill_forecast/index.htm?postversion=2008012313

And RE in the US runs at an average of 3x earnings, here over 7 and we have Interest rates double of the US and Probably another rate rise Feb and considering Inflation is sooo high more will follow surely !

robots · 24 January 2008

hello,

boring, another FORECAST

you wouldnt find one post where people said never goes down, so wipe that little fallacy

I just posted a serious piece of advice about increasing your pay easy as,

infact, if I was out of work I would go and get a job as a labourer with a brickie, spend a year learning how to lay bricks and then presto, 100k wage out there

and that 7x average starts to look pretty ordinary

thankyou

robots

numbercruncher · 24 January 2008

Hello,

Yes great solution .... Police, Soldiers, Nurses , Teachers , Aged carers , child carers , Retail staff, hospitality workers , etc etc etc , go quit , lay bricks , buy a house , screw the rest of society.

Thankyou.

robots · 24 January 2008

hello,

maybe also get some tilers, painters, carpenters, plenty to go around,

it might even bring some pay rises to the people you have listed,

thankyou

robots

Flying Fish · 24 January 2008

robots said:
hello,

boring, another FORECAST

you wouldnt find one post where people said never goes down, so wipe that little fallacy

I just posted a serious piece of advice about increasing your pay easy as,

infact, if I was out of work I would go and get a job as a labourer with a brickie, spend a year learning how to lay bricks and then presto, 100k wage out there

and that 7x average starts to look pretty ordinary

thankyou

robots

where do you become bricky? do you buy a truck, and unload the stuff yourself? tell me about it robo

lusk · 24 January 2008

robots said:
hello,

boring, another FORECAST

you wouldnt find one post where people said never goes down, so wipe that little fallacy

I just posted a serious piece of advice about increasing your pay easy as,

infact, if I was out of work I would go and get a job as a labourer with a brickie, spend a year learning how to lay bricks and then presto, 100k wage out there

and that 7x average starts to look pretty ordinary

thankyou

robots

Who cares about the 100K, may as well build your own house why your at it.

robots · 24 January 2008

hello,

yeah no problem FF, happy to offer my assistance

just reply to an add in the paper for "brickie's labouror", turn up to work at 7am, put in a good days work,

most labourors (if quality) start to throw in a few bricks on the line and presto you have an awesome skill,

you could also do pre-apprenticeship courses that are around, but if you are smart go for the labouror route,

I am not joking here, the great thing is even as a labourer you can get reasonable wage

any more questions fire away FF,

thankyou

robots

numbercruncher · 24 January 2008

robots said:
hello,

maybe also get some tilers, painters, carpenters, plenty to go around,

it might even bring some pay rises to the people you have listed,

thankyou

robots

Yes lets put all the before mentioned occupations on same wages and see how that shows in the Inflation figures, 15pc Interest rates anyone?

robots · 24 January 2008

hello,

another bonus lusk,

thankyou

robots

numbercruncher · 24 January 2008

Flying Fish said:
where do you become bricky? do you buy a truck, and unload the stuff yourself? tell me about it robo

Dont become a brickie, youll get melanoma, wear out all your cartilage and be forced into retirement at 50, not to mention hanging out with hairy, sweaty, tattooed, foul mouthed brickies all day isnt much fun, there will soon be an over supply of them anyway, just like an under supply now, theyll over shoot in years to come, and then where will you be? Hairy, tattooed, with a drinking problem and unemployed! and then what good are yah? your Mrs will pack up her stuff and run off with the toy boy next door and your life will be ruined.

Just go do a 20 hour course and become a realestate expert, skim 2.5pc for a few hours of your time

wayneL · 24 January 2008

http://www.theargus.co.uk/display.v...pounds_to_tumble_from_sussex_house_prices.php

robots · 24 January 2008

hello,

its like the everlasting gobstopper, the thread and the bull**** just keeps going on and on

take a walk down the street

thankyou

robots

xoa · 24 January 2008

I want to know where these $100k bricklaying jobs are! Most of the ads I've seen are only offering award wages.

numbercruncher · 24 January 2008

xoa said:
I want to know where these $100k bricklaying jobs are! Most of the ads I've seen are only offering award wages.

Hello,

Ask Robots, his 500k p/a labourer mate can probably hook you up

Thankyou

wayneL · 24 January 2008

robots said:
hello,

its like the everlasting gobstopper, the thread and the bull**** just keeps going on and on

take a walk down the street

thankyou

robots

No bull here bot, just walk down the street. Without the commodity boom, Oz would be in the same boat. Lots of specuvesters here are crashing and burning.

Fact.

One must ask themselves what will happen if commods top out.

robots · 24 January 2008

hello,

work for yourself xao, going rate is $1000/1000, actually that is for an okay guy too

care to let us know what award wages xao, eba rates please, even a wage earner is doing well

all still a bit to hard for the doubters

wayneL that article is the same as all, full of "if's" "could" "maybe" "experts are warning"

thankyou

robots

House prices to stagnate for 'years'

Tysonboss1

robots

hello

Broadside

numbercruncher

Beware of Dropbears

numbercruncher

Beware of Dropbears

robots

hello

numbercruncher

Beware of Dropbears

robots

hello

Flying Fish

lusk

robots

hello

numbercruncher

Beware of Dropbears

robots

hello

numbercruncher

Beware of Dropbears

wayneL

VIVA LA LIBERTAD, CARAJO!

robots

hello

xoa

numbercruncher

Beware of Dropbears

wayneL

VIVA LA LIBERTAD, CARAJO!

robots

hello

Similar threads

House prices to stagnate for 'years'

hello

Beware of Dropbears

Beware of Dropbears

hello

Beware of Dropbears

hello

hello

Beware of Dropbears

hello

Beware of Dropbears

VIVA LA LIBERTAD, CARAJO!

hello

Beware of Dropbears

VIVA LA LIBERTAD, CARAJO!

hello

Similar threads

Privacy & Transparency

Privacy & Transparency