All my warning posts got deleted ?

See, I've told you you'd get paranoid if you hang around with the wrong crowd on other forums.  

Yes,  I remember all the guru's on this site telling how by late 2008 or early 2009 it would boom…. "The Mother of All Booms" to be exact.

Then there where the guys telling everyone on this site to Quickly put all there money in the stock market a few months back…. Now we are in 2009 to find the ASX in the 3300's

Like K Rudd and a lot of people on this site,  They just do not understand economics,  The government can't fix our economy by redistribution of wealth and continued shots of consumer spending,  Nor will spending money we don't have on infrastructure change anything,  Actually ANY government intervention will only cause a bad recession to turn into something worse then the 1930's depression.  One example of making things worse is through the 21k housing grant,  This is the government's bid to keep house prices at the unsustainable levels they are currently at,  Falling house prices is the solution,  Not the problem.

The same things applies to this so called big government spending on infrastructure to "get the economy going".  If bob looses his job,  Its the same thing as a financial adviser telling him to spend money on upgrading his kitchen or putting a swimming pool in the back yard,  Its obviously that this type of childish action will only serve to worsen his economic problems.

In America they have just elected a new president and Obama plan's to solve the unemployment problems by creating millions of new government jobs,  Government jobs are unproductive and only serve to increase the burden on the people,  As its the citizens who pay for government to exist,  The bigger the government the bigger the burden they place.  This is something right out of the book of Marxism and Kevin seems to be leading us down the same path of socalism and away from free market policy's

The facts are that consumer spending is not what makes for a good economy,  Hell, if this myth where true then America with there  $8,000,000,000,000 debt and growing $1 trillion dollar trade deficits would make them the most economicly prosperous country on the earth.  You can't spend your way out of a recession because the solution is actually consumer saving,  Not spending.  Economically strong country's are the ones who consume less then they produce and have savings so entrepreneurs can create growth and jobs.

Just like America we in Australia continue to consume more then we produce and this has been going on for some time,  It may be viable for a short period but eventually there will be dire concequences,  And NO,  Our Natural resources are not enough to sustain our WHOLE economy.

http://www.dailyreckoning.com.au/trade-deficit-5/2008/04/08/

In 10 years time we will have a lower standard of living then we do today unless we totally turn our economy around the other way,  If we continue on to long we will eventually become a broke country and possibly even turn into an undeveloped nation.

2009 will not be good year to earn money in either Australian Property or Stocks,  As I have always said,  the best assets will be precious metals like gold/silver and Asian Stocks.

In the next few years,  the money savy people will earn much while stupid people you will see loose there fortunes…

Don't know about you guys but my properties which are mainly middle of the market have not dropped 30-40% but gone up around 20-30%.  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.

I'm still looking at getting more IP's in 09.  Did I mentioned that rents have gone up nearly 30% across the board as well.

I will agree that some properties in the top price range of the market have dropped considerably.

Guess I have been just plain lucky.

yip i read some of your post

I think people who admin this site just dont like you

Nobody likes a know it all. On the street or on the net. Id like to know where your post went because i think mine might be on its way if i dont "keep in line"

I think admin has "got some splaining to do"

no, really

Scamp was preaching the garbage he read on ghpc and they were preaching the same thing since before the last boom.Sooner or later they were due to get something right but even recent 2005 posts are laughable when you look at property markets other then Sydney. 
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.

That explains it, we'll need a lobotomy or we'll never see it.  

Hey Scamp I remember some of your predictions on that thread eg ever increasing IR's, the mega bust in Sep 08, peak oil and a few more. Maybe just as well that they have dematerialised. 

Harb,  The Fin review had the complete listing of all postcodes from that report and yes it wasn't bad at all, all of mine got single digit growth last calendar year and forecast to flatline this year.  I made up my mind at Christmas that I am keeping everything I got houses and sahres its definetly about time in market for me.  If I was to sell I would only get toey and go again and cop transactions costs and take the risk of not picking the right suburb in the short term.

In fact I have started window shopping in Northern NSW for a buy/hold and move into later when I get out of the rat race.  The AFR also said that Northern NSW still a strong growth area, I was surprised how high the rents are . Found some reaaly nice big props with decent land but will probably take a year of checking things out before I move.

Believe it or not I've heard that a few times before and the only people hurting were the ones that didn't participate in the boom or the people who joined in the boom right at the peak and had to wait a few years before seeing any gains.

Prices around Mandurah have backed off a bit in the past 12 months but the freeway extension when completed later this year may help them recover the recent loses. . You can still get  something like a 200sqm+  almost new double brick home on a 600sqm+  block of land in a new suburb like Lakelands, 5 minutes to the beautiful sandy  beaches or a golf course, easy freeway access and 10-15 minutes drive  from your job in the Kwinana or Bibra Lake industrial areas all from around $350K. Or a  20 years brick oldie in nearby suburbs from around $250k. Compare that to what you get in the Eastern states for that kind of money and  you can see that it represents excellent value for money.  I don't know what you mean by prices out of control.

Thanks Scamp.

What, only 20% ?

Have a look at the median price for our capital cities here,

http://www.homepriceguide.com.au/media_release/Home%20Price%20Guide%20Media%20Release%200206.pdf

then go back over all that D&G that your buddies posted back in 2005 both here and on ghpc . They also had trouble believing in the beginning, now they have progressed and are in complete and total denial.   Even medication won't help them anymore.