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great stuff sunshine, im sure youll be runnung the country in no time.
yes. allow economies to deflate when they want. rid them of the negatives and the waste, and allow them to then prosper with real growth. what they are trying to achieve isn't natural, and cannot be achieved, as we will witness in the coming years. it is simply un-sustainable long term(over several decades). constant economic growth is not possible, plain and simple.
apples and oranges my friend. you need to tailor your portfolio to the economy at any given time. property was a winner once upon a time, it is no longer.
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are you really 22? bearish before you could speak?
wanna tell us how you plan to produce todays median house for 210k
ps weve already seen that graph thread title is the future of AUSTRALIAN house prices.
so does this mean you dissagree with scms "realestate has been in a 20 year crash"?
shame you couldnt voice it but then that would go against your agenda right.......lets say it again confirmation bias ah.
where do you stand on his gold always increases in price comment?
On top of that, construction workers and especially tradies will suffer significant wage deflation. Coupled with the bust of the commodity bubble, construction costs will plummet.
1. Don't need to produce anything, the housing stock has already been produced.
2. In terms of construction costs, if you knew anything, you'd know they are insignificant compared to the price of land which will thoroughly deflate. On top of that, construction workers and especially tradies will suffer significant wage deflation. Coupled with the bust of the commodity bubble, construction costs will plummet.
ive already commented on his gold price post, read back over one or two pages, it's there.
real estate obviously hasn't 'been' in a 20 year crash. you say it as if it's been happening for the last 18 years. we are entering a severe crash and or downturn yes, whether it will last 20 years is another thing, i don't personally don't attempt to put timelines on it as i believe it to be impossible to predict. given the magnitude of the debt fueled economies and bubbles world wide, it certainly isn't out of the question.
to argue that property has never been a good investment is most definitely not a good one. I have never seen SCM argue that point, but i could be wrong. there is plenty of money to be made in re at the right time, i feel that time has passed and will not return for a long time.
i notice you didn't argue against my view on monetary policy, is this because you woke up to yourself and realised it is in fact a flawed system?
just when i think it cant get any better he goes and completely trips himself up, in on his feet out on his ass just as it was written. whats good is having lower housing costs if you are going to have sugnificant wage deflation aswell??? have you thaught any of this threw?? yes i am aware through is spelt wrong.
well atleast we know why you dont have 2c to your name. even less now gold has tumbled.
And SCM's solution to all this rampant price delfation is..........drum roll..................................................................................................................................................................................................................................................................buy physical gold.
1. You stupidly imply they will deflate by the same amount.
2. Wage deflation is not only good, but necessary in order to restore competitiveness.
3. House prices will deflate far far far more than wages
4. I said wages will deflate in the construction industry - not anywhere else, as a result of the housing bust.
Do you live in bizzaro world or something?
Deflation doesn't occur everywhere, in every sector and asset class simultaneously and equally, Mr. Troll.
shesh one minute your telling us the market is manipulate the next your boasting about 4% pops. lets say it again....confirmation bias
Are you 22 years old were you bearish on property before you could speak?? you keep avoiding this one.
price deflation is just that everything priced in dollars goes down as the dollar goes up overall
golds value is static overall even you admit to this its a very simple equasion. just who is from bizzaro world here . To think gold will be the only thing immune is crackpottery its one of the first to fall as deflation sets in.
if anything the hardest and last to fall is wages. maybe its time for you to go back to the beginners lounge. here is a paragraph for you.
Are you 22 years old, have you been bearish in property since before you could speak??
No, silver too.
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I'm not boasting about anything actually, I'm just pointing out that you claimed gold "has tumbled" at a time when it actually rose quite a lot - showing once more, that you have no idea what you are talking about.
Keep avoiding what one? You make no sense as usual.
... I don't really know how else to address this but again say that you have no clue, no understanding and no concept of what you are talking about.
No, silver too.
Maybe you should learn some economics, and then explain how anyone could be bearish about anything before they could speak, and what relevance that has to this thread.
Isn't silver down about 50% from 2011 highs?
omg you really are 22 lol bearish since before you could speak. lol
me learn economics, sure thing doctor google.
gold has tumbled is further of its highs than even melbourne medians that you claim are crashing and thats before we add yeild. whats the bet your in the red even after your 4% pop that you used to imply that gold wasnt deflating, bizzaro?? get some real world experiance and keep it to the beginners lounge till you do. its time to hush the adults are talking.
Isn't silver down about 50% from 2011 highs?
Isn't silver down about 50% from 2011 highs?
omg you really are 22 lol bearish since before you could speak. lol
me learn economics, sure thing doctor google.
gold has tumbled is further of its highs than even melbourne medians that you claim are crashing and thats before we add yeild. whats the bet your in the red even after your 4% pop that you used to imply that gold wasnt deflating, bizzaro?? get some real world experiance and keep it to the beginners lounge till you do. its time to hush the adults are talking.
not quite 50%, but yes it's down a fair way. silver has more room for growth than gold does imo, as it has so many uses, and i can only imagine will have more developments in the future which will also require silver.
If you bought a house in Melbourne at the peak of the bubble in 2010 and at the same time bought an equivalent value of gold, you would have lost 10% of your money on housing, and made 15% on gold - more if you priced gold in AUD.
are you a child?
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