I think you missed the word "to" in the sentence below. Hence my mis-interpretation.
I think you missed the word "to" in the sentence below. Hence my mis-interpretation.I believe you are equating "not buying until it falls at least 40%" to "buy once it falls to 40%". Those are not the same.
Only if prices don't drop at least 40% real from peak.
you have the self proclaimed property elite talking about how much money they have made in RE in the past 20 years and you expect kincella not to announce(for perhaps the 5th time) her amazing RE accomplishments? please.
both sides of the coin? exactly where do you see RE heading? i hope not to new heights...
Nice counter-arguments....not! Complete lack of substance from you two indicating a lack of knowledge of the subject matter.
I expect nothing more..
I have been banging on in here for 3 years and got tired of doomsayers like yourself who hasn't a clue as you do not have any real experience. It's all in your head.
You misrepresented my post. "Misaproportioned" meaning that kincella has sold themselves short on the investment by Mum and Dad. ie the 5 million return on the property seemed a bit small for mine (if we are talking about the Gold Coast for instance)
My old man owned half of Caboolture when it was a cow paddock for instance. I think he paid 6000 pounds for 1000 acres or something equally stoopid. Sold it as he could not afford the rates !! LOL
What experience do you have in situations where the biggest credit bubble in history worldwide suddenly goes bust? Please list them for me. Go right on ahead.
What experience do you have in situations where the biggest credit bubble in history worldwide suddenly goes bust? Please list them for me. Go right on ahead.
We'll all be living in cardboard boxes by 2020, wait until 2030 and we'll all be hobo's on the street...
(Good for SCM for his outlook, but l'm looking the other way. China still has an appetite for our resources, India hasn't even started...)
Errr..... the last 4 years.
And as l said earlier, it's going to be sooooooooo big, well, according to SCM, that we'll all be living in cardboard boxes.
So, SCM, what's going to happen after this "biggest credit bubble in history worldwide suddenly goes bust"???
House prices fall?
It's pretty much impossible to not make money in trading, I fail to see why everyone doesn't do it. It's not even hard. The real challenge is getting something like 1000% pa returns. Fortunately there is leverage
What experience do you have in situations where the biggest credit bubble in history worldwide suddenly goes bust? Please list them for me. Go right on ahead.
Wow! Ever heard of hubris? It's been the undoing of many-a-cocky undergrad engineering student such as yourself. I think you have some VERY expensive lessons in life ahead of you........
So, let me understand this.....
Your prediction is; by 2020, a 40% reduction in house prices from where they currently are? (Your words, not mine)
You believe that it has already started (Your words, not mine).
Your prediction is; by 2020, a 40% reduction in house prices from where they currently are? (Your words, not mine)
So, for the next ~7.7, house prices will decrease....
(Now, my maths ain't the best, so please feel free to correct)
At the moment, lets say an average house in Sydney is 500k
500,000 * .40 = 200,000
500,000 - 200,000 = 300,000
200,000 / 7 = 28,571 <- Average amount RE prices have to decease, each year, from now, to get to that 300k figure you are predicting.
Wow! Ever heard of hubris? It's been the undoing of many-a-cocky undergrad engineering student such as yourself. I think you have some VERY expensive lessons in life ahead of you........
SCM
What exactly are you trying to achieve by spending multiple hours a day postings on a thread about Australian property when you have no intent of buying Australian property until 2020 if at all.
It looks like its consuming your life!
Whats the point?
I am just fascinated by the mind of the Australian property bull. I don't think I've studied such amazing creatures ever in my life. Against all evidence and analysis to the contrary, against all odds they seem to think our property will do fine.
From comments about trading I've seen you display i think you would be better off losing 40% in RE.Against all evidence and analysis to the contrary, against all odds SCM seem to think his trading will do fine.
Spoken like a true novice.It's pretty much impossible to not make money in trading, I fail to see why everyone doesn't do it. It's not even hard. The real challenge is getting something like 1000% pa returns. Fortunately there is leverage
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