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- 21 June 2009
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:horse: This debate is like flogging a dead horse...
Both property and shares are great and or poor investments at different points in time....each out performs at differnet times and that depends entirely on which property and which shares are selected....and a multitude of other micro and macro economic factors.....
Clearly some people in here have either pre-concieved ideas or experiences that lead them to believe one is better then the other, and thats their perogative....but, you are wasting your time trying to change other peoples beliefs or convictions....
I suggest put your money where your mouth is and invest in the one you believe in rather then trying to convince others one is better then the other...its a fruitless exercise, achieves nothing and to me at least displays a level of niavity......
Perhaps start discussing exactly which property markets are currently set for exceptional or poor growth and why, exactly which shares are set to under or out perform and discuss reasons why, rather then trying to change each others beliefs or convictions..............that way we all stand to gain from intelligent discussion and debate...
https://en.wikipedia.org/wiki/Mr._Magoo
Funny how art imitates life now isn't it
Even when FACTS are presented he still refuses to admit he is wrong. Get out of Sydney and open your eyes.
Yeah - funny how art imitates life isn't it
http://www.collinsdictionary.com/dictionary/english/trainspotter
someone who is very interested in trains and spends time going to stations and recording the numbers of the trains that they see
2. (informal) someone who is odd or boring because they are interested in knowing everything about a particular subject, even very small, unimportant details ⇒ ■ He's a rather over-serious disco trainspotter with a record collection instead of a brain., ⇒ ■ They looked like boring, trainspotter types.
Probably zero chance that you are from Sydney or have ever, ever, EVER lived in Sydney or purchased or owned property in Sydney but hey you are the self-professed expert on the Sydney market aren't you !
Sydney has many property markets, it is not just one property market. As Bill M has alluded to : the Northern Beaches is doing its own thing . . . same as many other Sydney Suburbs that may be forging ahead or otherwise.
2) Sydney will be the market that will be corrected to be around 15% IMO. Mainly from the HIGH END market contracting which skewiff sales/pricing data. Rest of the country has already stagnated. Started about 3 years ago.
"Throughout 2016, we may see further moderate value declines in Sydney and Melbourne," Tim Lawless, head of research at CoreLogic,
The trend reversed after banks raised interest rates for landlords for the first time in five years in July and for owner occupiers in November following a regulatory directive to limit growth in investor mortgages to 10 percent a year and increase the capital the lenders hold against mortgages.
Economists from Macquarie Group to Bank of America Merrill Lynch forecast a decline in prices over the next two years. ANZ Bank said in a note late in November "strong underlying demand" is likely to contain any price declines in the major capital cities to less than 10 percent in the absence of an economic downturn.
Trainspotter - A person who can successfully identify obscure music a DJ plays. A hardcore trainspotter can take it a step further and identify the source of obscure samples.
Trainspotter: "Thats track B off of the first pressing of So and So record"
Friend: "You're such a trainspotter."
Sydney and Melbourne are done – I called it all the way back in April. So let’s move on and see what actually happens after an area booms?
Firstly, the ridiculous prices paid for properties disappear. That $800k house may achieve $900k in a booming property market due to desperate buyers, but this desperation quickly vanishes when a market cools.
The first sign of this cooling is disappearing Auction sign boards. The ‘For Sale’ board returns. Auctions are great only when 4 or 5 bidders knuckle it out. But with one or no buyers, the fact is auctions are simply boring & embarrassing for the agent! And if you haven’t noticed, it’s all about agent image!
Blue collar work is better. White collar work = you get fired from job for being too ugly or too old too asian or not asian enough too male or too female too tall or tall short, unpaid overtime, stupid office politics, leftist, tumblr bull**** sometimes or other times insane amounts of abuse that you can't say squat back to and you have to wear stupid impractical clothes for no good god damned reason.
I'd love to be a blue collar worker get paid just to get a job done and be allowed to act like a complete and utter degenerate at all t imes and not only keep your job but win praise and admiration from your colleagues. And usually blue collar work pays more.
Yeah - funny how art imitates life isn't it
http://www.collinsdictionary.com/dictionary/english/trainspotter
someone who is very interested in trains and spends time going to stations and recording the numbers of the trains that they see
2. (informal) someone who is odd or boring because they are interested in knowing everything about a particular subject, even very small, unimportant details ⇒ ■ He's a rather over-serious disco trainspotter with a record collection instead of a brain., ⇒ ■ They looked like boring, trainspotter types.
...
60 Minutes CH 9 this Sunday are claiming house prices are facing a 50% down turn...Be interesting to see what they have to say..
Yes it a broad, sweeping statement. I doubt, if it is true, the whole Australian property market will experience this. Who is making the call and what credibility they have should reveal more.If it is on 60 minutes it must be true.
Better sell now before it is toooooooooooo late. ha ha ha Well before Sunday and the rest of the population freaks out.
Cheers
Joke aside, the fact that 60 minutes release that type of "info-entertaiment" means the "majority" ois ready for it; this is just a reflection of the current psycheIf it is on 60 minutes it must be true.
Better sell now before it is toooooooooooo late. ha ha ha Well before Sunday and the rest of the population freaks out.
Cheers
What did you think of that story? I think using a mining town (boom/bust cycles) as an example of what could happen is unrealistic. Moranbah, can you believe it.60 Minutes CH 9 this Sunday are claiming house prices are facing a 50% down turn...Be interesting to see what they have to say..
Poor lending practices
If it is on 60 minutes it must be true.
Better sell now before it is toooooooooooo late. ha ha ha Well before Sunday and the rest of the population freaks out.
Cheers
What did you think of that story? I think using a mining town (boom/bust cycles) as an example of what could happen is unrealistic. Moranbah, can you believe it.Poor lending practices and 10% unemployment would trigger such an event and like the property nostradamus said 'not if but when'. Wake me up when it starts.
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