Thanks for the giggle!
LOOK AT THE CREDIT GROWTH SHRINKING!
Do the math... you don't have to be Eisenstein, or even have to be able to spell. :asdf:
Let's say that there was a company on the ASX, who's sp was $500,000. About 70% of the country has at least one share, with many of those having more than one.
Everyone who has bought shares in this company in the last couple of decades had to borrow a lot of money to buy it, but especially in recent years people have borrowed anywhere from 95% to over 100% of their initial deposit to buy it and use their entire income to service the debt. They bought it with the expectation that the share price will rise, and the government has encouraged such speculation with various incentives.
Now share price is dropping and people are getting emotional, lots of people are losing money on their "investment", whereby they pay more in interest than they get in dividends (rent), and everyone is experiencing capital losses.
Would you buy one of these $500,000 shares - taking on massive amounts of debt to do so? Do you think it's better than every single other stock on the ASX?
You forgot that if you dont buy the share you will have to pay the yeild of said share to those that do (well maybe not you scm but your parents that support you)
Interest + Capital Loss > Dividend
Not to mention you have a lot more money for actual investing, or trading.
Which one are you talking about:
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you know that graph is showing credit growth for realestate at 5% and a nice steady decline from its peaks yet to go negative whilst all else is below zero. like i said realestate seems to be fairing far better than most. thanks for the graphs they are really helping cement my beliefs
errrr, um. You really need to get a grip on how markets work. :asdf:
Im not the one implying credit growth as the cause of price inflation. let me guess this is another phenomenon that only affects property? All else is imune right?
For those that dont understand here is another simple fact credit growth does not change the value of the underlying currency.
Im not the one implying credit growth as the cause of price inflation. let me guess this is another phenomenon that only affects property? All else is imune right?
For those that dont understand here is another simple fact credit growth does not change the value of the underlying currency.
You forgot (and maybe its that your not aware or just take for granted) that if you dont buy the share you will have to pay the yeild of said share to those that do (well maybe not you scm but your parents that are supporting you)
What an odd reply! Why would it only effect housing? You have seen what the limitation of credit has done to other markets over the last few years, so the real question is why on earth would it not effect housing? The answer is of course that it does and it is! As credit growth approaches zero it becomes very hard to achieve capital gains. This is not the sole determinant but is is certainly a large key factor. Our housing is all about credit, period, end of story.
To think otherwise is delusional!
However at the moment the yield is less than the holding cost so you still win.
Ill write it again everything is deflating
The scenario you described is an invitation to treat. The offer wasn't made until you were presented with the contract. There are of course plenty of consumer laws around misleading invitation to treat (bait and switch advertising and they may or may not apply to builders, I suspect they don't given the complexity of and individuality of the average building contract) but at the point of comparing prices no contract exists and he can withdraw his invitation or alter it at any time his formal offer was the contract he sent you. It's probably not good for business but it isn't illegal.
Not according to CPI. Healthcare, education, transportation and food are all rising in price. So basically all the fundamental things you need to live.
But I guess you are too busy speculating on housing to pay attention to the actual economy.
Looks that way. so youve had this insight and the best you could come up with is buy bullion. might be worth taking a look at the value of companies that trade in these underlyings.
This is an invitation to treat, and so the previous discussions are not strictly binding. As McLovin points out, only the final agreement will be binding/enforceable. However, I would add that, reading the documents/communications as a whole (including the email stating 'everything as discussed'), while not actually including many of the specifics which were both discussed and crucial/provisional to you signing the contract would be misleading and deceptive conduct (s18 of the Australian Consumer Law, previously s52 of the TPA). However, given that you didn't sign and presumably suffered no loss, there's not really anything to be done now. Just FYI...
While withdrawing and changing an offer is in no way illegal, representing that it is the same offer as previously discussed would be misleading. The courts have taken a fairly expansive interpretation of what can constitute misleading/deceptive conduct.
No; it's not the best I've come up with - nor is it relevant to the discussion. Stop trying to sidetrack the fact that you are consistently shown to be incorrect with every stupid claim you make.
Increasing prices does not always = increasing profit margin.
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