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House prices to stagnate for 'years'

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No I do not smoke,

but I know they are around $10 per pack = $70 per week = $3640 per year X 4 years = $14560 (there is my house deposit) right there...


I get that, but sorry don't smoke!!!
 
I can borrow money right now through "homestart" 100% finance, for degree only applicants, but I would be mighty foolish to buy in current market.

Will continue saving, then only need to borrow 90%, and wait for house prices to drop, thats my plan.
 
Fleeta,

I sold out of LVL on a profit, so there is more money for my house deposit, no harm done there.

I made more money in this trade than I would have made putting it in a 5% term deposit account. I see it as a no risk trade as I have taken profits!

Still believe LVL is a great company and will do very well-long-term!

I have now risked the lot on BTV-far more volatility and a better play short-term.
 
krisbarry said:
No I do not smoke,

but I know they are around $10 per pack = $70 per week = $3640 per year X 4 years = $14560 (there is my house deposit) right there...


I get that, but sorry don't smoke!!!
Click to expand...


Hmmm seems you know everything.

Have another go I was thinking of something even more creative,
with a return of more than 2 X that in th same period and off the scale in 10 yrs.
All for the cost of a pack a day.

But maybe your not interested.
 
Yeah - but how did you feel when it dropped to like 4 cents! I would have been a nervous wreck!

I agree with you on 100% financing - not a good idea. I was never gonna buy on anything less than 20% deposit. Being so highly geared is dangerous.
 
Yeah didn't feel too good...so I just picked up more shifts at work, then bought more shares with the cash at a lower price and waited for the uplift.

I was actually going to sell all my BTV shares at a $2,000 loss yesterday and buy FSL @ 6 cents.

My heart pumped a few times, and my head said no!

But what a ride that would have been. Too late now, all in hindsight.
 
I hope the market crashes big time and all the fools who didn’t buy a property for its worth, but rather its cost, get burnt so badly.

I can’t see how someone could believe a property say around the inner west of Sydney is worth near 700 or 800Ks. When building a new 4 bedroom house on it would ranger from 250 to 300Ks, that means you paid between 400 & 500Ks for the land, we’re not in Japan there’s plenty of land
 
AnUbIs said:
I hope the market crashes big time and all the fools who didn’t buy a property for its worth, but rather its cost, get burnt so badly.
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Why would you wish this on anyone?????
Why is it so important that these "Fools" get burned!!!!????
Whats it prove---those who didnt buy are full of wisdom??


I remember A Current Affair chasing down property sharks in Brisbane who were selling property to interstate buyers at highly inflated prices.
Next thing there is a property boom and ZAP all those who got "stung" went real quiet---they were sitting on 1000s of un realised profit way way over even the inflated prices.

When wll people take responsibility for their own actions and lay off those who already do!
 


Because their greed burnt generations to come!!!!! My kids your kids and their kids OK!!!
 
AnUbIs said:
My friend you're allowed your opinion and I’m allowed mine, be it rubbish or not!!!!!!!
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You don't have to be nasty on this forum by saying people should get burnt for buying property. This kind of posting is pure trash talking.
 
Phew... someone turn up the heat in this kitchen!

This topic tends to be very debatable, almost like sex, drugs, religion and politics.

There are the haves, the have nots, the winners, the losers, the knockers, the beggers on so on.

Damn I keep starting these threads which errupt into explosions of fury!

Pass me the valium I need a lie down
 

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Snake Pliskin said:
You don't have to be nasty on this forum by saying people should get burnt for buying property. This kind of posting is pure trash talking.
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Strongly agreed. Let's be civilised (hope I spelt that right!) here. Whilst I do think that many people will get burnt through property, there is a difference in saying could/might/will versus "should" IMO.

I don't wish anyone bad luck with anything reasonable in life. Obviously if you point a gun to my head then that's a bit different and I do wish you very bad luck with your plans...

So I think we ought to do something constructive and take the emotion out of this thread.

Let's forget all the emotional :swear: and focus on the property market itself. Yes, this is a stocks forum and not a property one. But the question about housing keeps coming up. So where do you think the price will actually go over the coming years? That's an open question to everyone whether they be bull, bear or somewhere in the middle.

Personally my expectation is that prices in real terms will fall. Whether or not they fall much in nominal terms is a good question though. Whilst there have already been some nominal falls in Sydney and to a lesser extent Hobart, I'm also expecting an increase in general price inflation so the housing market could possibly achieve the real fall through a period of stagnation rather than actual major nominal price falls.

What do others think the market is actually going to do? This is a serious question and I will respect the opinions of the bulls and hope that they are equally willing to respect the opinions of the bears. We wont agree of course, but let's keep off the emotional stuff.
 
Agree with your post Smurf,

Australia hasn't had a price crass since the great depression...in nominal terms that is....but the UK has!

Therein lies the clue "since the great depression". I think it will depend upon what our economy does. The world economy is balanced pretty precariously at the edge of a precipice.

If the economy doesn't decend into the abyss, then stagnation is the best case scenario.

If we get one or another trigger....oil blows up, increase of unemployment or some such thing. (there are many potential triggers) Then just watch the tankage.

For years I have been asking people - How long could you survive if you lost your income?

The answer is getting shorter and shorter on average, to the point that today, it guarantees instantaneous bankruptcy for many people. You can imagine the effect on house prices with a few too many distress sales on the books....the snowball effect.

My view
 
Snake Pliskin said:
You don't have to be nasty on this forum by saying people should get burnt for buying property. This kind of posting is pure trash talking.
Click to expand...

I never said they should get burnt for buying property, I said should get burnt for paying way more than the property is worth!

There is a difference!!!!!!!!

And I don’t care about others, they don’t care about me!! I can live with it!

Why are so many people in these forums so sensitive?
 

It's not about being sensitive, but, purely, about right and wrong. What you wrote was wrong. And now your last post shows no compunction at all. Your posts have really irritated me since you joined this forum due to what I just pointed out.

Point taken on the actual preciseness of your posts word for word.
 
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