Freckle wrote:

Sorry Bardon but I don't rate anything Koukoulas says as serious economic comment. It's in his interests to sell the establishment. After all it's where he earns his crust.

I don't know why you mention Koukoulas in reference to me.

Dr Steve Keen the uberbear seems to be painting himself into a corner with his response to he recent positive housing numbers.  A months data does not mean that much in my books but the commentators seem to treat them like life or death.

According to this article the Newman Govt plan to release large quantities of land allotment for residential construction.in mining towns.

Newman targets mining house shortage

http://www.businessspectator.com.au/bs.nsf/Article/Newman-targets-mining-house-shortage-WW7F8?OpenDocument&src=hp23

Some more good numbers out recently on the housing market, affordability, GDP, interest rates, population and rents.  The long term residential property investment fundamentals that were always there are hopefully a bit clearer to all now.

simple wrote:
One can consider it as your personal INFLATION ADJUSTED savings account outside banking system.

This is my experience, other people would have different view. Probably depends on how you do it and what is the aim of the game.

This to me is the reason why investing in property is a good long term proposition. We live in an…[Read more]

The fact of the matter is that Thiess have been awarded a $2.3b contract for a mine near Dysart.

Freckle wrote:
If I’ve read and interpreted the release correctly Thiess have simply retained an existing contract and will manage a relatively small expansion over 3 years provided they can get access to transport to shift the stuff. In reality it’s still speculation until logistics materialises to move their extra production to port. That…[Read more]

ECB money supply ramping rhetoric way up on the back of the Guvnors comments yesterday.

In the context of this thread the extension to Thiess contract, specifically given the location, the job stability and the thread title is actually quite significant. I only read their ASX release which was factual; and once again relevant to this thread, as opposed to iron ore tonnages out of the Pilbara.

Freckle wrote:
In places like Karratha and Port Hedland they talk about increases in the 100’s of million tons.

But everything is always bigger in Texas.

No problems with the long term bit in housing whatsoever but I thought in your cycle you were saying that after equities crash so will housing, no?

For me its simple, residential housing will always be the store of our nations wealth, we are getting wealthier and the money supply will always increase.

As for inflation, I too am an Inflationista…[Read more]

Nooob wrote:
They will be investing in property as a safe haven for their money which will increase the demand = increase the housing price = more redraw from super  = crash of the stock market = major drop in housing price as it happened before.

That an interesting cycle there Nooob. So you are saying that house prices will rise, equities…[Read more]

I see that the Guvnor has weighed into the debate. Saying that there was a lot more evidence of things that make a market crash five years ago than there is now. He went on to say that affordability is back at 2002 levels.

As for China, not that I think it is going to stop growing, a smaller growth % on a growing economy can be growth % the…[Read more]

That mine contract that Thiess won will double the production that’s not too shabby at all.

Yes I have been seeing some of these articles as well. I guess that they are only articles and they in themselves wont make the market rise. I have always been in it for the long game and I would like to think that growth will return at long last.

Freckle wrote:

bardon wrote:

As for Assange he is the pasty for increased internet censorship and I think he is in on it, as this is, in my opinion staged.

Bardon when you make comments like this I can’t take you seriously. You certainly have a perspective on things that is definitely ‘out there’.

Well for someone that was banging on a…[Read more]

bigblueit wrote:
Just my 2c

Quite a good read for 2c.

In addition to the scenarios outlined in your post, what about the old fashioned, boring and some may say lazy, buy and hold investor that has already bought their houses and has no plans to do anything other than wait. There are those passive types that think nothing wrong of buying a…[Read more]

Freckle wrote:

bardon wrote:

Freckle wrote:
Certainly, the lies from our political leaders are entertaining. But how many more revolutions, riots, defaults, bank runs, stimulus packages, nationalizations, tax increases, pension grabs, etc. will it take to acknowledge what’s happening?
Can anyone afford to keep ignoring reality? Can you?

I t…[Read more]

Freckle wrote:
Certainly, the lies from our political leaders are entertaining. But how many more revolutions, riots, defaults, bank runs, stimulus packages, nationalizations, tax increases, pension grabs, etc. will it take to acknowledge what’s happening?
Can anyone afford to keep ignoring reality? Can you?

I think this article is kid of apt c…[Read more]

fWord wrote:

bardon wrote:

fWord wrote:
Yeah, the world is coming to an end too.But it's not gonna be 2012! That's my prophecy! LOL

You are most probably right there. So does that mean we should just maintain the fear indefinitely and one day we will be proven right?

No, no. Far from it. What I meant to say was, don't live in eternal…[Read more]