House prices to stagnate for 'years'

[tech/a]

Well if the St Clair property wasnt a bargain then I'll be completely Daffied.

If you could buy BHP for Under $20 you wouldnt get in the queue quick enough.

Nice to see another "Thinking " Poster join us at ASF!

 

[Ageo]

My cousin just bought a 4 bedroom home that would normally go for around 400k in the western suburbs of Sydney but he picked it up for 330K.

You can buy real high quality homes for over 400k now which was unheard of before this year around my area.

So many people are defaulting on their loans as well so cheap homes are available.

 

[Realist]

3. Accept when people are right, without your'e quick judgements. I added my advice on RIN to you previously. You wrote that off broadly.I do work for DOW & get products of RIN.As a business person I said DOW was solid and good for a quick 10% rebound. Dow has done that and I made a quick 10% off them. How much have you made off RIN?

You really are naive.

I bought RIN last week as a long term hold.

It is up 6% since then!

Anyone that judges a companies value by one weeks performance on the sharemarket really knows very little, if anything.

 

[Realist]

What amazes me is how many "rich" experts, and property owners we have from rural areas like Adelaide and WA here.

For christ sakes, the cost of living there is so low, houses have been so cheap in the recent past, there is nothing to spend your money on, it is piss easy to setup a business and live a comfortable life. And it's just had the biggest housing boom possibly ever.

You probably think everyone who rents apartments in a big city is poor. Ahahahahaaaa.


It is like some cow cocky from Dubbo going to Japan and telling a wealthy Japanese businessman who rents a tiny apartment in Tokyo that he owns 2 houses and 100 acres of land in Australia. And the Japanese businessman should buy houses as an investment cause they go up in value.

Laughable...

 

[juddy]

What amazes me is how many "rich" experts, and property owners we have from rural areas like Adelaide and WA here.

For christ sakes, the cost of living there is so low, houses have been so cheap in the recent past, there is nothing to spend your money on, it is piss easy to setup a business and live a comfortable life. And it's just had the biggest housing boom possibly ever.

You probably think everyone who rents apartments in a big city is poor. Ahahahahaaaa.


It is like some cow cocky from Dubbo going to Japan and telling a wealthy Japanese businessman who rents a tiny apartment in Tokyo that he owns 2 houses and 100 acres of land in Australia. And the Japanese businessman should buy houses as an investment cause they go up in value.

Laughable...

Oh Realist, you really have set yourself up for it with some of those statements.

 

[professor_frink]

What amazes me is how many "rich" experts, and property owners we have from rural areas like Adelaide and WA here.

For christ sakes, the cost of living there is so low, houses have been so cheap in the recent past, there is nothing to spend your money on, it is piss easy to setup a business and live a comfortable life. And it's just had the biggest housing boom possibly ever.

You probably think everyone who rents apartments in a big city is poor. Ahahahahaaaa.


It is like some cow cocky from Dubbo going to Japan and telling a wealthy Japanese businessman who rents a tiny apartment in Tokyo that he owns 2 houses and 100 acres of land in Australia. And the Japanese businessman should buy houses as an investment cause they go up in value.

Laughable...

Interesting comment Realist.

So you'd never take any advice from anyone who doesn't live in a big city because they are just a fool from the country, with no idea about wealth creation?

 

[Realist]

Oh Realist, you really have set yourself up for it with some of those statements.

True.

But it does piss me off when people from a cheapish place harp on about "owning 3 properties". And they know it all about buying property.

If they moved to Tokyo, London, New York, or even Sydney for a long period of time they'd know the reality of how well you have to run your finances to just survive, let alone get ahead.

 

[Realist]

Interesting comment Realist.

So you'd never take any advice from anyone who doesn't live in a big city because they are just a fool from the country, with no idea about wealth creation?

The Oracle of Omaha is certainly someone I'd listen to.

But he does not harp on about being a property developer, or how someone who rents an apartment is poor does he?

Infact he drives an old car, lives in a small house, himself. He looks, and lives a pretty poor lifestyle himself actually.

 

[Bronte]

If they moved to Tokyo, London, New York, or even Sydney for a long period of time they'd know the reality of how well you have to run your finances to just survive, let alone get ahead.

We own properties in Englands second largest city.
Lived there for many years....Does that count?

 

[Freeballinginawetsuit]

I have previously pointed out that their are areas in Perth and nice coastal towns in west oz that are very pricey and sought after.Sydney isn't doing to well at the moment, not past off perth real estate.

West Oz resources are supporting the country at the moment also Realist, so W.A. does its bit for the country. If we went it on our own you might see the Real estate in Sydney go down, Your employer go under, your landlord default on his loan. You wouldn't be in control of your own destiny then.

I do admit to short term holds on shares, large buys also. Its been working fine thanks. In the end share trading is about making money, nothing more!. I do admit to holding fundamental stocks long term as I view their stability akin to property.

Last post on me for this thread anyway, its like flogging a dead horse with you Realist.

 

[Realist]

3. Accept when people are right, without your'e quick judgements. I added my advice on RIN to you previously. You wrote that off broadly.I do work for DOW & get products of RIN.As a business person I said DOW was solid and good for a quick 10% rebound. Dow has done that and I made a quick 10% off them. How much have you made off RIN?

I gotta go back to this one. I find it quite amusing.

So you work for DOW, and get products off RIN?? And own a lifeguard leasing place or something?

Why on earth would that help you know anything about either of their shares?

Seriously, would you take advice on buying WOW shares from a checkout chick?

RIN is a better investment than DOW. I bought RIN and it has since gone up 7% now, because staright after I bought it Australia's largest super investor Perpetual bought $130,000,000 RIN shares late last week. They seem confident in it would you not say?

Should I listen to someone who buys some cement or Australia's largest investor, or do my own research? I did the latter as always.

You are starting to worry me now, big time.

 

[professor_frink]

The Oracle of Omaha is certainly someone I'd listen to.

But he does not harp on about being a property developer, or how someone who rents an apartment is poor does he?

Infact he drives an old car, lives in a small house, himself. He looks, and lives a pretty poor lifestyle himself actually.

I wasn't just talking about property. You seem to be dismissive of people in smaller cities/towns in general. The fact that someone lives in Perth or Adelaide doesn't mean that they don't know what they are talking about. If someone had the foresight to start up a business that is successful, or buy up a couple of properties because the housing market was starting to take off a couple of years ago, then they are to be commended.

As long as they can keep the wealth they've made, then they have done well. It doesn't mean they are inferior to someone who lives on the lower north shore.

 

[Realist]

West Oz resources are supporting the country at the moment also Realist, so W.A. does its bit for the country. If we went it on our own you might see the Real estate in Sydney go down, Your employer go under, your landlord default on his loan. You wouldn't be in control of your own destiny then.

Oh dear, this is getting worse.

WA sells some rocks overseas and suddenly they are running the country. Hahaha.

With all due respect, the rest of Aus has enough rocks to sell as it is. We just don't want to damage the more livable areas of this large country. NSW has all the large companies, and as a state is has high taxes to deter people moving here (so not everyone leaves WA) and to fund the other states (NSW gives WA money just to keep it going).

Don't pat yourself on your back too hard about Perth selling some rocks, we have rocks too, we'd just rather sell yours, and keep our area pristine and looked after, we've got enough jobs to go around as it is, you don't.

Where do you think Broken Hill proprietary limited is from? Ever heard of it?

 

[Bronte]

...or buy up a couple of properties because the housing market was starting to take off a couple of years ago, then they are to be commended.
As long as they can keep the wealth they've made, then they have done well. It doesn't mean they are inferior to someone who lives on the lower north shore.

Thank you professor..nice post

 

[Realist]

I wasn't just talking about property. You seem to be dismissive of people in smaller cities/towns in general. The fact that someone lives in Perth or Adelaide doesn't mean that they don't know what they are talking about. If someone had the foresight to start up a business that is successful, or buy up a couple of properties because the housing market was starting to take off a couple of years ago, then they are to be commended.

As long as they can keep the wealth they've made, then they have done well. It doesn't mean they are inferior to someone who lives on the lower north shore.

I am dismissive of property investors from small towns yes. I totally agree!!

Certainly not of share investors though. Alot of the greats were from small towns. And I have nothing against small towns at all.

 

[Freeballinginawetsuit]

I gotta go back to this one. I find it quite amusing.

So you work for DOW, and get products off RIN?? And own a lifeguard leasing place or something?

Why on earth would that help you know anything about either of their shares?

Seriously, would you take advice on buying WOW shares from a checkout chick?

RIN is a better investment than DOW. I bought RIN and it has since gone up 7% now, because staright after I bought it Australia's largest super investor Perpetual bought $130,000,000 RIN shares late last week. They seem confident in it would you not say?

Should I listen to someone who buys some cement or Australia's largest investor, or do my own research? I did the latter as always.

You are starting to worry me now, big time.

DOW do work for Iluka, they stuffed up a quote with them and their bottom line got hammered. I do work at Iluka at Eneabba mine, on behalf of DOW and for ILU,

As a business owner I realize that sometimes you make a mis quote, I actually think DOW is a good business and their drop in SP was a bit harsh.

On the other hand RIN is in a rapidly decreasing market, housing as this thread is all about. If you don't understand my reasoning well thats fine, but its quite logical Realist.

 

[krisbarry]

Its just like a game of ping-pong.

"Realist" I got trapped within this game too and realised that it just aint worth the fight.

There are a few very head strong property moungers on this thread, bricks and morta is all they know. I commend them for their inteligence to invest wisely!

Just keep up your good work of saving for a house and buy when you are ready, until then the more you reply to posts on this thread the bigger hole you will dig for yourself.

Been there done that!

I got so stressed out trying to defend myself on the whole housing issue it made me very sick.

Take a break and have a coffee

 

[professor_frink]

I am dismissive of property investors from small towns yes. I totally agree!!

Certainly not of share investors though. Alot of the greats were from small towns. And I have nothing agaisnt small towns at all.

Well good luck with that attitude Realist! One day when you get out of Sydney for awhile, you may actually realise that there are some people doing pretty well in smaller cities, and yes, some of them will build their wealth via property.

I'll remember not to tell you when I've bought my first investment property- I could do without the grief from the slick, city investor

 

[Realist]

DOW do work for Iluka, they stuffed up a quote with them and their bottom line got hammered. I do work at Iluka at Eneabba mine, on behalf of DOW and for ILU,

As a business owner I realize that sometimes you make a mis quote, I actually think DOW is a good business and their drop in SP was a bit harsh.

On the other hand RIN is in a rapidly decreasing market, housing as this thread is all about. If you don't understand my reasoning well thats fine, but its quite logical Realist.

Well only time will tell whether your opinion is right or not.

 

[Realist]

Well good luck with that attitude Realist! One day when you get out of Sydney for awhile, you may actually realise that there are some people doing pretty well in smaller cities, and yes, some of them will build their wealth via property.

I'll remember not to tell you when I've bought my first investment property- I could do without the grief from the slick, city investor

I'm from a small town myself Prof. Lived in one over 20 years.

Lived in Sydney nearly 10 years now.

It constantly pis*ses me off when people from smaller towns make judgements on city slickers renting. As if owners are superior.

I've seen both sides. I like smaller towns more than Sydney actually and will eventually leave Sydney, when who knows, but cause I rent I am free to move when and where I like!

I'm in no way against small towns, I am against owners that think they are superior to renters though.