harb wrote:

wealth4life.com wrote:
Wait till the end of August when we see the effects of the mortgage resets to comment further here.

You're still hoping the mortgage resets will cause a property crash ? That's so 2007.  

Haven't noticed you around for a while Harb, seeing you back warms my subcockels.Lest we forget, property started to…[Read more]

dreamtobelieve wrote:
Last post because this is farcical now.

I thought 3 back was the last one:) What's the bet that you'll respond again?You have cherry picked from the articles I posted to suit your own POV, but that I expect because you are narrow minded on this subject.As I wrote before the link about the SQM article, it was to back up my…[Read more]

dreamtoblelieve,One of your pin up boys, Joye, came up with the 03% decline in December.http://www.businessspectator.com.au/bs.nsf/Article/Will-the-housing-market-cool-pd20100129-25VS7?OpenDocument&src=blbDecember 1/4 is up 2.9% but month of December is down 0.3%. Admittedly Joys cliames that is becuase December is traditionally slow but slow…[Read more]

dreamtobelieve wrote:
Read your own posts. You claim your argument is not diluted yet you're plucking figures and dates out of thin air (with the only exceptions being an occassional reference to sensationalist journalism). Earlier on in the thread it was "blatantly apparent by March and there will be definite negative growth (1-5%) reported in…[Read more]

dreamtobelieve wrote:
I too am a bit bored of this thread now, but I can't help but feel you are now diluting your whole argument. Of course some property markets will decline in value in the short term? Thats why its called a property cycle. Thats why you need to do your research, maintain a buffer and have a long term strategy. If there are…[Read more]

Dan42 wrote:
What the pointy-heads fail to take into account is the cultural factors that are unique to Australia, like the high rate of home ownership and the low amount of defaults, compared to other countries. There is also hardly any sub-prime debt, and there are none of the non-recourse loans which added to the problems of the US…[Read more]

DWolfe wrote:
I've enjoyed the debate but for me I'm done. I honestly believe that in 10 years time that people will still be buying houses, the majority of "average" Australians will aim to purchase their own home, and my kids will be saying "Wow you got that for how much? that's so cheap!" but in reality they will be earning enough to be able…[Read more]

dreamtobelieve wrote:
[Again you are referring to sensationalist media journalism and again the fundamentals of the markets are completely different. I can't stress this enough. Just read this article http://www.hotspotting.com.au/index.php?act=viewArticle&productId=1919 and thought it was very appropriate to this thread. This is by a r…[Read more]

DWolfe wrote:
Also the hyper-inflationary comment…..how much did food cost years ago? Cars? How much was the average wage?.

Nothing in this country has inlfated as quickly as houseprices over the last decade. Over that time period, at a quick gestimate based on a head full of stats, percentage increases are:Wages – 30-50%Cars – 20-30%Food -…[Read more]

dreamtobelieve wrote:
That would be why I said markets and not market.

Yet you spoke about them as if they were one?Sorry, I forgot this before but here are some links about the British…[Read more]

dreamtobelieve wrote:
Curious as to who exactly is claiming there is an undersupply in the British markets? The Sun, Daily Mirror or the Sport? The fundamentals of the markets are completely different.Sorry to be cliched again but there is no Australian market, just markets within markets. The successful property investors are the ones who make…[Read more]

dreamtobelieve wrote:
Unmester you may want to start lacing up  those hiking boots and follow Mr Keen upto mount Kosciusko with your prediction by the way. I will look out to see your retrospective view come March.

Keen clarifies that he had no idea how much future debt our government would throw at our property market to keep it af…[Read more]

dreamtobelieve wrote:
As a certain Mr Buffet once said "Be fearful when others are greedy, and be greedy when others are fearful".

So when was the last time people in Australia were economically fearful?The majority have been greedy for at least a decade and fueled our housing bubble with that greed. When the rest of the world had property…[Read more]

Harb,The amount saved is extremely rlevant to someone who wants to keep their current standard of living. Quite simply, if I borrow more than 250k from the bank and interest rates are back at the long term average of 8%, my standard of living will be less than it currently is renting. I will enter the market when I can do so without decreasing my…[Read more]

kum yin lau wrote:
Unmester, do you own a house? Have you noticed the cost of cement, bricks, timber etc have ALL gone up? Plus the cost of connections, water, electricity etc etc?For 5 days, we've been trying to get the tradie to fix the ceiling. And give us quotes on other repairs + painting.The painter woman we previously asked is booked up…[Read more]

SHales wrote:

ummester wrote:
'there is alot of dumbasses out there'So I guess trying to educate you on how to write is pointless Shales?

You'd be one of those people paying off someone elses house, now wouldn't you?Yet you criticise me for, what, lazy writing?  I'm too busy issuing invoices and playing with my kids to worry about doing a g…[Read more]

I know of one GHPCer (FHB) who purchased. FHB had almost 400k saved and brought into the middle of the market – which had experienced some significant falls. Another GHPCer (HG) is considerring building on land be donated by parents subdivision. These cases represent good value for money and no change in the standard of living for the buyers. I…[Read more]

Prices have been pushed up by a combination of many things. FHBG, easy credit, land banking, state government initiatives, speculative investing, overpriced labour, REAs, single person homes, high divorce rate, ageing population, boomer retirement strategies, a transfer of the dot com credit bubble debt and, also, a rise in the number of PIs.

'there is alot of dumbasses out there'So I guess trying to educate you on how to write is pointless Shales?

harb wrote:
If you took the time to look into it properly instead of just dismise it off hand you'd find that its a positive step towards bringing affordable houses to FHBs.

Not as big a step as a crashI see nothing in Australia to make it any more special with regards to property than the rest of the world. I see no reason why this credit…[Read more]