House prices to stagnate for 'years'

[Kimosabi]

You go you good thing !!


Make sure they understand to bid up up up ^ , 105pc mortgages to maximise those neg gearing incentives !!


Skys the limit !! 500k house today is the million dollar house of next month !

All that speculative cash puring out of stocks and driven by bad sentiment has to go somewhere!! and god forbid people actually wanting to sit on cash when opportunity abounds like this!

Your dreaming, within three months nobody in Australia will be able to get a mortgage without 20% down.

Aussie Real Estate Boom is over boys and girls. Better hold onto your hats, because this bust is going to be a humdinger...

 

[chops_a_must]

Forgetting the idiot factor who take out lodoc loans---they deserve to go belly up.

But they are likely to be the ones that turn the market...

 

[numbercruncher]

Shhhhhhh they dont know it yet, mums the word.

INTEREST rates are set to rise for hundreds of thousands of mortgages - regardless of official increases by the Reserve Bank - because lenders are struggling with a global credit squeeze caused by the crisis in the US housing market.

The big banks could follow non-bank lenders such as RAMS Home Loans, which yesterday flagged its financial distress, leading to predictions that it may have to pass higher borrowing costs onto customers.

Non-bank lenders such as RAMS account for 30 per cent of the $830 billion mortgage market, and have been able to offer low-cost mortgages by borrowing cheaply out of the US.

http://www.smh.com.au/articles/2007/08/14/1186857512018.html


Come in spinner, head em up!

 

[Atomic5]

Your dreaming, within three months nobody in Australia will be able to get a mortgage without 20% down.

Aussie Real Estate Boom is over boys and girls. Better hold onto your hats, because this bust is going to be a humdinger...

I can't see what's wrong with that, or why that would contribute to a bust in RE. It might merely slightly change the demografics of who can and who can't buy RE, but with the current affordability problem I can't see that 20% down changes anything at all.

'Owning a home is a privalege not a right' anywhere else in the world. Its when those who can't afford a home starting thinking they should buy one that you start having sub-prime market type failures causing everyone else to lose their a$$ as well.

Sorry, but these wierd ideas that spring up in various colonies about poor people buying houses is getting to be a bit of a pain. - rent instead. rent is good: it doesnt get you into trouble and it pays off mortgages for people who can get loans and who can guarantee loans, and all goes well with the economy after that .... - rent boom ...

Markets that belong to the affluent usually hum along better anyway don't they? They also tend to become even more expensive and more affluent as markets, once the rich get more greedy. Lack of affordability hasn't stopped global RE prices - look at Europe! No-one talks about "affordability" gees ....

roll on RE boom!


MHO - DYOR
- flame me who cares

 

[Kimosabi]

I can't see what's wrong with that, or why that would contribute to a bust in RE. It might merely slightly change the demografics of who can and who can't buy RE, but with the current affordability problem I can't see that 20% down changes anything at all.

'Owning a home is a privalege not a right' anywhere else in the world. Its when those who can't afford a home starting thinking they should buy one that you start having sub-prime market type failures causing everyone else to lose their a$$ as well.

Sorry, but these wierd ideas that spring up in various colonies about poor people buying houses is getting to be a bit of a pain. - rent instead. rent is good: it doesnt get you into trouble and it pays off mortgages for people who can get loans and who can guarantee loans, and all goes well with the economy after that .... - rent boom ...

Markets that belong to the affluent usually hum along better anyway don't they? They also tend to become even more expensive and more affluent as markets, once the rich get more greedy. Lack of affordability hasn't stopped global RE prices - look at Europe! No-one talks about "affordability" gees ....

roll on RE boom!


MHO - DYOR
- flame me who cares

What people fail to understand is that the real estate industry needs new entrants/suckers to enter the market so that those already in the market can climb up the next rung.

Now to go to the next rung, you need to to borrow more money, but if the supply of money dries up the whole ponzi scheme starts freezing up.

The next thing that happens is the rungs on the property ladder start popping out caused by low lending standards and increasing interest rates which leads to mass foreclosures and defaults.

Bubbles feed on themselves going up, and the feed on themselves going down. I still think once the fat lady finishes singing, Aussie Housing prices are going to go back to 2003 levels..

 

[sam76]

Aussie Housing prices are going to go back to 2003 levels..

I, for one, am looking forward to that!

All cashed up and ready to purchase

 

[numbercruncher]

I can see it now on telly, Instead of the plethora of Realestate millionaire stories theres going to be thousands of hard luck stories on How the Government is to blame for misleading on interest rates etc etc etc ....

 

[robots]

hello,

bricks and mortar, bricks and mortar, bricks and mortar

another smashing for the ASX today

thankyou

robots

 

[numbercruncher]

Hello,


Seems the market might have some of your buyers licking wounds this weekend.

Keep us updated.



Thankyou

 

[Broadside]

hello,

bricks and mortar, bricks and mortar, bricks and mortar

another smashing for the ASX today

thankyou

robots

hi robots...property next....far more leverage and certainly more overvalued. Good luck.

 

[Flying Fish]

Crunch time approaches. Cash is the way to go.

 

[robots]

hello,

wow, 5 big ones at one stage

keep collecting those share certificates numbercruncher, might be able to use them in the "library"

got nothing to do with leverage

people will still be lining up for the quality assets on the weekend

goodluck

thankyou

robots

 

[Broadside]

robots, property is an asset class like any other - its value is determined by the value of its future income streams. Median property prices are at all time high multiples of median incomes, and rental yields near historic lows. Good luck bargain hunting.

 

[Kimosabi]

hello,

wow, 5 big ones at one stage

keep collecting those share certificates numbercruncher, might be able to use them in the "library"

got nothing to do with leverage

people will still be lining up for the quality assets on the weekend

goodluck

thankyou

robots

The future for anyone who listens to Robots...

 

[wayneL]

hello,

bricks and mortar, bricks and mortar, bricks and mortar

another smashing for the ASX today

thankyou

robots

Why are you here if you view the share market with disdain?

I think you're the Oz version of the infamous Bruno Powroznik

 

[robots]

hello,

when have I shown disdain for shares?, I have shares and follow those posts and post for those as well

I found this thread gave out commentary that is not right,

many are saying property has gone nowhere since 03/04, then they say it is going to drop to 03 prices, but hasnt it gone nowhere?

you show me one post where I have said RE is going to boom, I have continually stated the good property is solid as, and you are in denial if you think this is not the case

thankyou

robots

 

[wayneL]

hello,

when have I shown disdain for shares?, I have shares and follow those posts and post for those as well

I found this thread gave out commentary that is not right,

many are saying property has gone nowhere since 03/04, then they say it is going to drop to 03 prices, but hasnt it gone nowhere?

you show me one post where I have said RE is going to boom, I have continually stated the good property is solid as, and you are in denial if you think this is not the case

thankyou

robots

Did you watch Bruno?

BTW, I predict you won't be posting here by the end of '08

 

[wayneL]

I have removed the link to Bruno's youtubes. He has gone over the top and putting up some truly revolting stuff which I had not realized.

The intention was to show Bruno's real estate videos.

Apologies for any offense.

 

[robots]

hello,

i dont watch any of the attachments people send through wayne

almost 2 yrs for this thread and will look forward to 3 yr anniversary in 08,

the handout crew will still be about i guess

thankyou

robots

 

[wayneL]

hello,

i dont watch any of the attachments people send through wayne

almost 2 yrs for this thread and will look forward to 3 yr anniversary in 08,

the handout crew will still be about i guess

thankyou

robots

And you accuse others of denial? Look around you, there is a credit crunch happening. As I said well back in this thread. HPI is all about loose credit. Things will change when credit tightens.

It is tightening.

Happy investing.