House prices to stagnate for 'years'

[wayneL]

Not 5 years ago, isn't that the point?, and the correct spelling is Geraldton.

Property dosent have the same returns as the market's presented the last few years, no argument thier.

Like wise its reasonable to asume those that have speculated in recent times on both........ have simply spread the risk of investments.

Those that continually speculate without real liquidity conversion, are akin to the house odds at the casino .

Thank you, for pointing out my typo.

Boy am I going to have fun with your spelling and punctuation now.

 

[wayneL]

I think that's a bit of a porkie their wayne,

22sqM, yes 22sqM in suburb of paris (400K aussie) not talking the champs here, good area though

thankyou

robots

Nope, not at all.

 

[wayneL]

Thank you, for pointing out my typo.

Boy am I going to have fun with your spelling and punctuation now.

BTW Dylsexia rules, KO?

 

[Freeballinginawetsuit]

Thank you, for pointing out my typo.

Boy am I going to have fun with your spelling and punctuation now.

Yeah point taken .......... I'm an illiterate retard though, sorry .

 

[nomore4s]

Yeah point taken .......... i before e, except after c (thier) and (asume) seem's o.k. !.

Could be that I'm an illiterate retard though, sorry .

lol, freeballing. Still wrong, should have been there not their.

 

[Freeballinginawetsuit]

Yep I know, had a look at the dictionary, lol. Wayne did say to watch and learn , should have had him teaching me lit!.

 

[Julia]

It's not just Freeballing, Wayne.

If you are really going to start correcting spelling and grammar on this site, you'll have little time for anything else!

If we could just eliminate the misuse of apostrophes that would be a wonderful start.

 

[robots]

hello,

whats been happening this week, any crash, has it dropped by anything, got things ready

see reiv in Melbourne say 100% clearance rate at auction within 10km of melbourne, probably same in syd and bris, what a situation

thankyou

robots

 

[YChromozome]

say 100% clearance rate at auction within 10km of melbourne

What does a 100% clearance actually rate mean?

Like, if everyone discounted their houses this weekend by 50%, or there was so many mortgagee sales, wouldn't you get close if not 100% clearance rates. I would surely be in for a bargan.

Reporting clearance rates is like a company that mentions revenue is up without mentioning what it's profit is. Personally, I don't understand what the relevance is?

 

[wayneL]

hello,

whats been happening this week, any crash, has it dropped by anything, got things ready

see reiv in Melbourne say 100% clearance rate at auction within 10km of melbourne, probably same in syd and bris, what a situation

thankyou

robots

zzzzzzz.....zzzzzzzz.....zzzzzzzz......zzzzzzzzz......zzzzzzzzz.......zzzzzzzzz

 

[Kimosabi]

hello,

whats been happening this week, any crash, has it dropped by anything, got things ready

see reiv in Melbourne say 100% clearance rate at auction within 10km of melbourne, probably same in syd and bris, what a situation

thankyou

robots

I think I have found the source of Global Warming...

 

[wayneL]

I think I have found the source of Global Warming...

That is the funniest thing I've heard all week! ROTFLMAO.

 

[Smurf1976]

What does a 100% clearance actually rate mean?

Like, if everyone discounted their houses this weekend by 50%, or there was so many mortgagee sales, wouldn't you get close if not 100% clearance rates. I would surely be in for a bargan.

Reporting clearance rates is like a company that mentions revenue is up without mentioning what it's profit is. Personally, I don't understand what the relevance is?

Practically any business can sell all the product it has to offer as long as the price is right.

Everyone from supermarkets to power utilities and airlines drop the price when needed on the basis that a reduced profit on product / capacity that hasn't otherwise been sold is better than ending up with stale food, idle generators or empty seats. A smaller profit is better than no profit.

All a high clearance rate really means is that sellers and buyers are agreeing on prices. Buyers are willing to pay a price that sellers will accept. That could be $1 million just as it could be $1.

 

[Kimosabi]

Practically any business can sell all the product it has to offer as long as the price is right.

Everyone from supermarkets to power utilities and airlines drop the price when needed on the basis that a reduced profit on product / capacity that hasn't otherwise been sold is better than ending up with stale food, idle generators or empty seats. A smaller profit is better than no profit.

All a high clearance rate really means is that sellers and buyers are agreeing on prices. Buyers are willing to pay a price that sellers will accept. That could be $1 million just as it could be $1.

It could also be mortgagee fire sale auctions for the poor suckers that bought over-priced property with money lent to them by irresponsible lenders...

 

[robots]

hello,

should be some great results tomorrow, plenty to look at, great to see Sydney finally getting some attention

those inner blue chip areas are red hot at the moment plenty of people wanting to live, socialise and work in those areas

walking around the streets you really see a difference in the community as more people adjust to apartment living,

thankyou

robots

 

[wayneL]

...plenty of people wanting to live, socialise and work in those areas

walking around the streets you really see a difference in the community as more people adjust to apartment living,

thankyou

robots

Actually, I agree with you. Inner cities are now great places IMO.

This opinion is separate to that of value however.

 

[robots]

hello,

if new record prices are being achieved then whats it matter if they are mortgagee sales or not? and you really are getting around with blinkers on if you think a house in St Ives for example has dropped from 1m to 500 thous

most think prices are too HIGH to THEM, but what about people who can afford these properties? and therefore why do they have to drop as many want

thankyou

robots

 

[Kimosabi]

hello,

if new record prices are being achieved then whats it matter if they are mortgagee sales or not? and you really are getting around with blinkers on if you think a house in St Ives for example has dropped from 1m to 500 thous

most think prices are too HIGH to THEM, but what about people who can afford these properties? and therefore why do they have to drop as many want

thankyou

robots

Well this is what can happen to you when you buy overpriced property in an environment of irresponsible lending during a housing boom...

The ugly face of foreclosure

Video ==> http://www.cnn.com/video/player/pla...eyerick.home.auction.shocker.cnn&source=money

Article ==> http://money.cnn.com/2007/05/02/real_estate/face_of_foreclosure/index.htm?postversion=2007050718

I wonder if we'll keep hearing from Robots when the inevitable bust happens?

 

[robots]

hello,

just got feedback from friends in Sydney and indicates strong day on the auction front

it appears people are buying/investing well in the capital cities at the moment, some observers are talking up big time but I am not so sure whats around the corner

solid times at the moment though, enjoy the day

thankyou

robots

 

[Mousie]

Just too bad we can't short properties like we short shares

I'll pay a fair price for a put with the right expiry and value anytime in a market like this!

Anyone willing to buy a naked put on a property from me?