Family member brought place in Noosa 2007 paid 1.1 million currently listed for 900k with zero interest in property that almost 20% loss right there, maybe they should have listened to Keen.
and it's only listed at 900k, could sell for a lot less.Family member brought place in Noosa 2007 paid 1.1 million currently listed for 900k with zero interest in property that almost 20% loss right there, maybe they should have listened to Keen.
Seeing how the bet was made on 27th November 2008 it would be HIGHLY unlikely that your family member who purchased in 2007 would take any notice at all to Steven Keen prophecies. The bet was from "peak to trough" as well. Maybe they should have sold at the peak rather than buying in it ???
im sure they wouldnt have bought at the peak if they knew it was the peak or are you privy to a crystal ball?
make sure you lend that crystal ball to all current homebuyers, it will be worth its weight in gold
LOL ..... nunthewiser picked the top about 50 pages ago white_goodman. Those in the know agreed with his wild and brash statement. Crystal balls and all.
well in light of that im off to sth america and vegas for coke and hookers...
a very respectable choice, much better then Thailand
THE effect of proposed prostitution laws on properties in Perth's inner northern suburbs is raising some concern among residents.
Reforms to prostitution laws have been proposed by WA Attorney-General Christian Porter.
Under proposed laws, prostitutes will be prohibited from working within set distances from homes and schools.
However, the future of established brothels near residential areas is still under debate.
Perth City councillor and real estate agent Lyndon Rodgers has been vocal about the proposed laws and concerns about property values.
"It is difficult to put a dollar value on any decrease in value to a property because of the proximity to a brothel," Mr Rodgers said.
"However, I personally have had a difficult time in selling a residential property near a brothel.
."The 100m proposed distance from residential areas does minimise the approval of brothels, however, there are existing brothels which will probably gain approval in the proposal regardless of the proximity to any residential areas."
The question has been raised as to whether the proposed restrictive distance from homes is far enough.
"You get an interesting response when you speak with owners or tenants who are close to a brothel," Mr Rodgers said.
"Those who are close by do not seem to care too much, but possibly they are not aware of the consequences when they want to sell."
Had a conversation with a couple property bulls here at work. Two of the gold quotes they came out with, and they were deadly serious were:
"You cannot lose on property"
"Property in Aus will not go down"
Worth pondering...
"You cannot lose on property"
"Property in Aus will not go down"
Worth pondering...
“We have a very overvalued housing market and even a small adverse shock can be magnified by a large adverse impact on property values,” said Gerard Minack, global developed markets strategist at Morgan Stanley, who asserts Australian home prices are as much as 40 per cent overvalued. “We’re seeing that now in parts of Queensland.”
Had a conversation with a couple property bulls here at work. Two of the gold quotes they came out with, and they were deadly serious were:
"You cannot lose on property"
"Property in Aus will not go down"
Worth pondering...
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