Forum Replies Created
hbbehrendorff,
You have got it all wrong fiat money is good for house prices and other bubbles….if you cant beat them join them
if it wasn't for the NWO where would Gough Whitlam have taken us
We are watching……………………………..
mixedup wrote:bardon wrote:The last time I heard the housing minister interviewed she categorically stated that Labour supported NG before the election, still do, and it wont change in this term. She also owns a few IP's.have any links at all to the statement?
Sorry I dont it was on lateline when they were announcing the rental subsidy scheme if you wnat to search, definetly said it I can asurre you of that
The last time I heard the housing minister interviewed she categorically stated that Labour supported NG before the election, still do, and it wont change in this term. She also owns a few IP's.
Mocassins on Everyone
Bespoke,
Here is my super secret to poverty avoidance, free education, 100% guaranteed, cash if you die, cash if you dont, special spring one time offer….
Claim a $100 refund for the wasted day.
Also go one one of the expensive seminars and claim the money back at the end, even if you liked it….
Its perfectly legal and one of the major promises that they offer if you sign up…why not exercise it…
You wouldn't be the first
POPULATION SIZE AND GROWTH
Australia's estimated resident population (ERP) at 30 June 2007 of 21.0 million people is projected to increase to between 30.9 and 42.5 million people by 2056, and to between 33.7 and 62.2 million people by 2101. Series A projects the highest growth, while Series C projects the lowest growth.
Queensland is projected to experience the largest percentage increase in population between 30 June 2007 and 2056, more than doubling the 2007 population of 4.2 million to 8.7 million people by 2056. As a result Queensland is projected to replace Victoria as Australia's second most populous state in 2050.
I frequently go to Michael Yardneys website propertyupdate.com.au and I have found it a very useful free resource. I have never bought anything and dont know the guy but anyone who provides a free resource is useful in my book. I never blindly follow what anlaysts say but I do review what thye are all saying and form my own conclusions accordingly.
Got the avatar from a website I like the ying and yang concept it applies to many things including the proeprty cycle. Yes Terry could have a VI and be talking the market up for his own benefit. I dont know the guy but I do think he is a balanced reporter.
Good on the buyer for getting the 30% discounts he deserves them and will no doubt do well buying at that rate.
Terry Ryder in his recent national report mentioned that he is in buying mode.
bespoke wrote:My first post so be kind all your doomsayers!I myself am about to buy a couple of rentals. I don’t think there will be a bust at all. I’ve been reading a lot in the last 2 weeks in property investor magazines and watching industry experts on TV, notably “Your money, Your call” .Good first post bespoke currently watching your money your call very interesting data on Gatton, good luck with your purchases.
Scamp, before you go and I know you havent gone yet can you clarify one of your comments on everyone knowing that the ANZ was prime for a run and dont have more than 20k in deposit. Do you know something that I dont and also do you know that in oz there is no guarantees on deposits on any of the banks hence the query on the 20k sum.
ErikH wrote:Mackar,I don't think we'll see a boom anytime soon but I do believe Australia will ride this global downturn out much better than most.
I believe:
– that the US, UK and continental Europe will suffer pretty strong downturns / recessions
– that BRICs and other emerging markets are decoupled enough from the US to continue to grow but at a slower pace
– that commodities will stay high for many years to come due to the growth in emerging markets
– that even though prices will recede from their recent peaks they will stay high (e.g. oil is down from its recent $140+ peak but I believe it will stay in the $70 to $100 range which is much more than most would have believed only a short while ago)
– that robust commodity demand and commodity prices will keep Australia afloat, i.e. not suffer as badly as the US and UK
– that migration will stay high, as recession sets in in the UK there are plenty of people with equity who may well decide that this is now the time to go down under
– that inflation will stay above target so interest rates will only decrease slowly in Australia
– that the census data stating 900,000 houses are empty is misleading and that a very limited amount of this will actually get onto the residential market
– that commodity states like WA and QLD will not suffer a great rise in unemployment but this may well be different in say areas around say Sydney
– that local variations in unemployment, will further increase interstate migration towards QLD
– that some areas may well suffer severe declines in property price, i.e. those areas with higher unemployment where people bought too high and leveraged themselves too far. Some areas like SE QLD and other selected areas may well actually continue to increase slowly.Oh, and as always, when the inevitable correction in the cycle comes all the media and the public declare property prices lost forever, that prices will drop by 30%, 40%, 50% or more, typically the corections are much smaller and after 7-10 yrs or maybe even 12 yrs we'll have had another cycle… I read an interesting article a few years ago that actually summed up all the popular reasons why people shouldn't invest in property in the 40s, 50s, 60s, 70s, 80s, 90s and so on. If you had followed these common reasons why "now isn't the time to buy" you'd never buy anything …
I'm with Erik on this one.
Also dont like the use of the terms boom and bust prefer the use of cycle.
Scamp wrote:This ofcourse is a worst case scenario, but in the end we might be better off without the USA than with them. The FED is the only cause of this massive global creidt problem, and they are doing everything they can to offload their problem to other countries.I don't expect anyone to see the real implications of this crisis : But I can tell you , so far we have seen only the very beginning of what is to become the worst financial and economic crash in history, making the 1929 crash look like a breeze.
Things are not getting out of balance they are getting back in balance. Americas best days are now behind it. The US has had the lions share and had it to good for too long, cheap energy, world dominance, the worlds currency, the US used to be creative and synonomous with what is good now they are an example of the worlds worst, all this while BRIC nations are racing ahead.
Teh economic cycle is geting back to its long term balance.
L.A Aussie wrote:Scamp wrote:Peaknik : I agree 100% with your post. Great advice.My guess is either you are Peaknik, or you've roped in one of your GHPC mates to come in and give you a hand.
Pretty obvious that it's one or the other.
Or they are cyber lovers.
I'm Prepared
Scamp wrote:Rudd said "I will fight inflation at all costs". Just look it up. Also , any country with a reasonable view on the future will fight inflation. The steps that the FED has taken so far have led to financial TERRORISM. Just look at this :USA heading for hyperinflation : http://www.bloomberg.com/avp/avp.htm?N=adv…VkI8WexWY2M.asf
Worse than '94 inflation : http://www.bloomberg.com/apps/news?pid=20601087&sid=aLyjKy00BA1AFed has no clue on what to do. They're in so deep that they have no way out. We're heading for 1929 crash.
Stockmarkets have dropped 20% already, the only reason why they haven't dropped more is that they are not ALLOWED to drop more by the stock exchange ( they will prohibit trade if dropping stocks reach 'critical levels' ( 2% or something ) ).The crisis is huge. People don't realize how big this is, and that's good, because if they knew, we'd have a mass hysteria on our hands.
Scamp, the point I was trying to make is that ozzie is one of the only markets that is addressing inflation not the Us not the UK. You are telling me things I already know on one hand and then telling us all that all gov will flight inflation then you are saying that the US is not. You are sending out an inconsistent message.
Some of us actually do follow the world economies rather closely so please dont imply that we are sitting in economic knowledge isolation because that is not the case.
Scamp wrote:bardon wrote:Why do you think that the US Fed has chosen not to act on inflation in the US in fact they are doing the opposite you have a situation where IR's are way lower than inflation and only last week the Fed yet again failed to act ?Hm. Well that is the most difficult question to which there is not 1 good answer I am afraid.
I personally think there's a few reasons for it. The official reason would probably be that USA is afraid of stagflation, and would rather have inflation than inflation + recession. In order to counter the recession, they lower interest rates, and thereby keep the economy going.
You could also put your tin foil hat on and think that the USA are pressing the oil prices up. Since USA has a contract with Saudi's to buy oil for no more than 70$ per barrel, they can sell it on for 140$ a barrel and make some nice profits.
Or, you could think that USA doesn't want to affect their export and therefor try and keep prices low, thus keeping economy going.
Then again, maybe you could think the Fed are affected by presidential elections and want to keep their rates low because otherwise the shit hits the fan.
Or maybe the Fed is so incredibly worried that USA banks will tumble over due to the credit crunch that they will give the banks cheap extra credit to stay afloat.
Or perhaps even, the Fed just wants USA to stay in power by 'sharing' their crisis with the rest of the world.It's hard to say, that's why I haven't answered. I have no respect for USA or their policies. All I know is that they are warmongerers , their economy thrives on war and bullying and blackmailing, they are a fake country and are the most hated country on earth. In other words : they're not really interesting.
Scamp interesting response I dont disagree with any of it. But I would say that on your earlier post you said that all Govt will fight inflation absolute I dont think you should make statements like that in this case.
The Uk aint doing much about fighting inflation either actually Ozzie appears to be doing a lot more about this than the US and UK.
units4me wrote:The GW money making juggernaught continues to roll along. Further fuelled by governments worldwide, keen to embrace anything green.Environmentalism is the new facism,
These guys are going to tax you for carbon usage its a big well orcherstated con to keep you controlled in fear and taxed, its actually going to get cooler, brrr its a bit chilly tonight
I watched that video and sure there are hazards but you would need to look at the other side to have a balanced assessment.
Depleted uranium arnaments are definetly bad news and are in use. Al Gore the guy that won a Nobel Peace Price for his contribution to the Global Warming Tax Con, signed off on the use of depleted uranium weapons in Serbia and he wins a Nobel peace Price really.
Global cooling is coming brrr chilly night tonight.
