devo76 wrote:
What has that got to do with the price of eggs in Tasmania ?

Generally a vehicle speeding towards a slow moving object (such as pedestrians) results in a CRASH:)

harb wrote:
Maybe in your part of the woods, here in Perth prices went from mid 30s to high 90s during the 80s. Must have been different in Perth. 

I was in Perth!From memory it was late primary, early high school for me so early 80's. One of the families in our street (older than mine) had a son that killed himself over financial stress.Just…[Read more]

harb wrote:
So you are predicting a prolonged recession and unemployment at 9%  ? I've seen better in early 80's. Property prices about to get smashed ? I don't think so. For that to happen we'd have to be in a property bubble which we aren't, despite what the potential buyers on ghpc would want us to believe.  Btw, have you actually been in a r…[Read more]

devo76 wrote:
I agree we have more downward movement to go but not evenly across the board. There is some good buying out there now for Ip and PPOR.

There is better buying out there than there has been for the past couple of years – on this I fully agree. 12 – 18 months and I believe there wil be better buying still.Unlike the prolonged bull…[Read more]

devo76 wrote:
What i want to know is what happens to prices when they hit bottom. Do we all really believe they will stay there. If things have improved economy wise and sentiment has changed then it is a fair call to suggets that they will trend upwards in value from that low. At what speed i dont know but here we are comparing Aussie prices at…[Read more]

harb wrote:
Lets see, Brisbane median prices 7 years ago were around $200K  and now they are$400k+  ….Yes, looks like it is "garaunteed to double every 7 years"  Even adjusted for inflation you would be well ahead of just keeping your money in a bank.  

You are still the ultimate proptimist:) Brings a smile to my dial.Obviously I haven't bee…[Read more]

harb wrote:
Talking of prices not going up, I came across a February 2006 report and was surprised by the increase in the median prices in most cities since then.  I was under the impression that Perth was the only one to go up noticeably since 2006 and even that by only about $50K, specially since Perth was the last one to boom until mid 2007…[Read more]

harb wrote:
Btw, do you get the impression that the sub $500k market in ACT is picking up ? Lots of Under Offer and Sold on re.com since the start of this year.

There seems to be a bottleneck around 350-400k southside at the moment. 4 beddys on 700m2 blocks are almost good value for money (many being advertised around 390k and probably selling…[Read more]

crashy wrote:
I think admin has "got some splaining to do"no, really

Have you ever been a mod or ran a forum? it's your forum – you can pretty much do what you want.Not saying that deleting posts because of an agenda is honest or ethical but it is the owners forum to do with as they choose.Scamps posts drew me here and to the GHPC forums,…[Read more]

C2 wrote:
This is based on the offers I get to buy my properties which aren't advertised but when people go into RE office looking to buy something they get shown my properties and asked to make an offer.

What is the point of that? If they aren't for sale, why get people to make an offer?

Seems like the 30% below peak I was arguing may have been a miscalculation – looks like we are heading to 40% or greater now.

I was watching an american economist on the business channel the other night who said that modern capitalism was now fundamentally changed – for good. Easy credit is over and with it so too will be societies based on consumption.I'll check back in a few months, when this little crisis hasn't passed and see what you think then.

devo76 wrote:
Are you kidding me. You have been waiting for this boom since the 80's. ha ha ha. thats the funniest thing ever. Wow what a financial whizz.  How much money could you have made. I my god im getting a stich from laughing. I gotta go. ha ha ha

You know what I mean, I have been waiting for a downturn in capitalism as a whole and it…[Read more]

devo76 wrote:
Debt???. Didnt say anything about that although without it you would struggle to build wealth. This has been proven many times over. Its just that its become a naughty word at the moment. This will change with time as it did in the past debt bubbles.

This one will be worse… even you bullish proptimists must admit that something…[Read more]

C2, can you say denial?

alani wrote:
is there going to be a mass influx of retirees next year? did the japanesse  have superannuation systems in place?? 

when the public service starts sacking boomers so that the governement can get back some of its xmas spendings… yes, most definately.

We'll see, I guess.My bet is that, even if we are at the bottom, prices aren't going to go up quickly. Too much uncertainty out there. I am not so sure that there are enough buyers left for all the stock on the market either, now that a lot of speculators chasing capital gains have given up on it.

Dale Lynch wrote:
The Government is looking for a way to stimulate the economy by increased spending, and tax cuts. How about granting tax deductibility on borrowing costs for the family home to make it more equitable. Investors receive deductions for investment properties, so why not grant this right to home owners to allow for a stimulus to…[Read more]

harb wrote:
Have you heard the latest from the GW academics ? The reason we didn't have an increase in global temperatures so far is because of all that pollution coming out of India and China. The smog blanket reflects the sun's rays and it helps to keep the planet at least 1-2 degrees cooler then it would otherwise be, which would imply that…[Read more]

Yossarian wrote:
The fact that the vast majority of scientists are academics and public servants earning well less than the average RE agent is sufficient to put the latter to rest and if you were familiar with the nature of peer-reviewed research across the scientific community you would know that the former just aint possible.

I know a few…[Read more]