Forum Replies Created
Yaaaaaaaaaaaaaaaaaaaaaaaaaaaawwwwwwwwwwwwwwwwwwwnnnnnnnnnnnnnnnnn
FACT almost all our mortgages are not sub prime.
FACT almost all our jobs are safe
Fact recession does not = depression
Stop talking yourself into depression and listening to this garbage……………
Buy countercyclical………listen to the figures on undersupply of housing……govt efforts to have more housing built, due to incredible undersupply………….brace yourself when this economic stimulus and low interest rates finally kicks in lord help us the brake pedal will have to hit so hard to pull this train up………..
If the big banks are so smart and they are preparing for defaults, why are they raising long term interest rates………..the answer….. they think we are at the bottom of the cycle…..
If you want to start worrying about anything, i think you should start worrying about high interest rates, massive price growth, particularly in sydney, rising homelessness that will hit us when the economy picks up………..
The banks have far more data then us and there 3-5 year interest rates are the best indication we get…………
For starters be just as cuatious about listening to doom and gllom as you are with HOT Tips…..they can both burn you badly……
I search all over the place for data and consistently the most objective market data thats free is produced by quartile at http://www.quartile.com.au
Im also a specialist in Search engine technologies and i can tell you right now the property searches are running red hot……that does not necesarily mean conversion to sales, but the internet traffic has a correlation in previous trends. Right now the internet traffic is definitely on the climb, hardly indicating any doom and gloom. PArticularly for inner suburbs of brisbane….
I own a property in Fortitude valley and get regular updates and sales data from the surrounding agents, i choose to stay on thier email and mail lists for updates.. Right now there is a lot of low to middle stock selling…….
Will it all end with the FHOG ????????? who cares porperty is not that short term an investment…………
As for the crap on telly this week, since when has a proffessor of economics ever been able to make one sweeping staement that is true of all real estate micro markets operating on thier own supply and demand curves with localised employment and asthetic issues affecting prices, under and over supply of building and all the other micro economic factors…….
That proffessor just proved what a Pratt any proffessor who thinks they can categorise the whole austrailain market into one picture really is…….what a foool…..and the bigger fools believed it.
Theres no doubt the rising unemployment will ut pressure on some markets, but hey the other 98% of the working nation are still in jobs, still with rising wages and ever increasing tastes and desires, dont lose site that a recession is only negative growth for a while no matter how small – its not armageddan…..
Buy when the herd is running scared and sell when the herd is buying like there is no tommorrow….
