Paul1Perth Posted March 8, 2016 Share Posted March 8, 2016 There's another thread on here about house prices in the South East of the UK. Prices are staggering. How do new buyers get a start? Link to comment Share on other sites More sharing options...
northshorepom Posted March 8, 2016 Share Posted March 8, 2016 They don't. Same as they don't in Sydney. Link to comment Share on other sites More sharing options...
Parley Posted March 8, 2016 Share Posted March 8, 2016 The RBA seem to disagree with Flag and believe the economy is transitioning well from the mining boom. http://www.abc.net.au/news/2016-03-08/reserve-bank-lowe-says-economic-transition-going-well/7229154?section=business Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2016 Share Posted March 8, 2016 Everyone is clueless but Flag... He's an expert in his own head though and very smug with it.... Link to comment Share on other sites More sharing options...
newjez Posted March 8, 2016 Share Posted March 8, 2016 They don't. Same as they don't in Sydney. Or they move further up the coast. Link to comment Share on other sites More sharing options...
Paul1Perth Posted March 8, 2016 Share Posted March 8, 2016 They don't. Same as they don't in Sydney. Somebody's buying or prices would be dropping like a stone. Link to comment Share on other sites More sharing options...
flag of convenience Posted March 8, 2016 Share Posted March 8, 2016 Still waiting for the 30 % house price correction you have guaranteed in the cities... I've studied economics at masters level, your understanding appears to be from headlines which you pick up from the doom and gloom times. My share portfolio now up 20% this financial year...want any tips?.. You studied economics really? If you don't understand the dire economic situation generally shaping up around the world and the Australian situation in particular, I 'd be wanting a compensation on time wasted on studies. I have been a student of political science, economics and philosophy for what feels forever. You give me tips on the share market? Really/LOL. Link to comment Share on other sites More sharing options...
flag of convenience Posted March 8, 2016 Share Posted March 8, 2016 Where to from here? My heart says buy, the bad news is over. My head says sell, the bad is hiding round the corner. I really didn't expect the market to jump like that. I only bought as I thought we had hit bottom. I didn't figure we'd rise this sharply for years. Now we have, what to do? A very turbulent ride ahead. Little appears to have been learnt from the GFC. I can't see how anyone can come to the conclusion that the bad news is over. Lots of questions with Europe. America. China. Euro. Personal Debt. Negative Interest Rates. Inflated House Prices. Little to no Wage Growth. High rates of Youth Unemployment. Middle East. Russia practically bankrupt as are the resource economies. Link to comment Share on other sites More sharing options...
flag of convenience Posted March 8, 2016 Share Posted March 8, 2016 Somebody's buying or prices would be dropping like a stone. Massive personal debt in blind belief that housing can't fail. Banks loaning money on only 10% deposit unlike the 30% required a couple of decades ago. Just what could go wrong with that as a strategy ? Link to comment Share on other sites More sharing options...
flag of convenience Posted March 8, 2016 Share Posted March 8, 2016 There's another thread on here about house prices in the South East of the UK. Prices are staggering. How do new buyers get a start? All the more reason the tale will end in disaster. Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2016 Share Posted March 8, 2016 You studied economics really? If you don't understand the dire economic situation generally shaping up around the world and the Australian situation in particular, I 'd be wanting a compensation on time wasted on studies. I have been a student of political science, economics and philosophy for what feels forever. You give me tips on the share market? Really/LOL. You have taken a position for a lot of years. The longer it goes with you looking foolish seems to make you more desperate... You have swung and missed spectacularly. I hope you haven't been as conservative with your money following your doom and gloom glasses. Don't worry though, there will be another market overreaction in the not to distant future, to give you another chance at profiting off the doom and gloomers. Maybe you can get a job at the oh so competent RBS? http://www.theguardian.com/business/2016/jan/12/sell-everything-ahead-of-stock-market-crash-say-rbs-economists Link to comment Share on other sites More sharing options...
flag of convenience Posted March 8, 2016 Share Posted March 8, 2016 You have taken a position for a lot of years. The longer it goes with you looking foolish seems to make you more desperate... You have swung and missed spectacularly. I hope you haven't been as conservative with your money following your doom and gloom glasses. Don't worry though, there will be another market overreaction in the not to distant future, to give you another chance at profiting off the doom and gloomers. Maybe you can get a job at the oh so competent RBS? http://www.theguardian.com/business/2016/jan/12/sell-everything-ahead-of-stock-market-crash-say-rbs-economists If you had really studied economics one would assume you'd be having more enlightened views than constantly expressed on this forum with regards to Ponzi economics. I am on the conservative side of money with good reason as have seen it all before, although this is building up to be a mother. Yes I can go to the casino and play like wise economics as well. Actually have been trading for decades, as well as in the house markets. I will be ready to pounce when the time is right. Actually looking at houses with enforced sales during last week. Still not to my price liking. I can wait and will certainly not be rushed into buying over priced real estate while remaining on the look out for any global market deals as certainly would not confine myself to the Aussie market. Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2016 Share Posted March 8, 2016 If you had really studied economics one would assume you'd be having more enlightened views than constantly expressed on this forum with regards to Ponzi economics. I am on the conservative side of money with good reason as have seen it all before, although this is building up to be a mother. Yes I can go to the casino and play like wise economics as well. Actually have been trading for decades, as well as in the house markets. I will be ready to pounce when the time is right. Actually looking at houses with enforced sales during last week. Still not to my price liking. I can wait and will certainly not be rushed into buying over priced real estate while remaining on the look out for any global market deals as certainly would not confine myself to the Aussie market. Before the 30% drop??? :err: Link to comment Share on other sites More sharing options...
newjez Posted March 8, 2016 Share Posted March 8, 2016 A very turbulent ride ahead. Little appears to have been learnt from the GFC. I can't see how anyone can come to the conclusion that the bad news is over. Lots of questions with Europe. America. China. Euro. Personal Debt. Negative Interest Rates. Inflated House Prices. Little to no Wage Growth. High rates of Youth Unemployment. Middle East. Russia practically bankrupt as are the resource economies. Enjoy the oasis before brexit. Link to comment Share on other sites More sharing options...
flag of convenience Posted March 9, 2016 Share Posted March 9, 2016 Enjoy the oasis before brexit. Yes. Impossible to believe it will be a simple withdrawal. In fact may well spell the end of the experiment. Russia will likely be cheering from the sidelines. Link to comment Share on other sites More sharing options...
flag of convenience Posted March 9, 2016 Share Posted March 9, 2016 Before the 30% drop??? :err: As you have been already with consistency been informed, the size of the drop, the time of the drop is set around a number of variables. Also that the drop will not be universal in per cent terms nor geographic. Houses have fallen in the regions but not enough to be attractive. Not a reason to jest at others misfortune though. Link to comment Share on other sites More sharing options...
Guest Posted March 9, 2016 Share Posted March 9, 2016 I think that's what I informed you. You were the one saying all the big cities were going to suffer a mega drop. Guaranteed it even. Link to comment Share on other sites More sharing options...
flybyknight Posted March 9, 2016 Share Posted March 9, 2016 good place to put this i suppose, it's going to affect the economy. some libs want a debate on climate change science. good idea, while we're at it we should debate other things science is only 97% sure about. 1. healthy smokes, doctors approve. 2. is gravity a thing. 3. is the moon an egg. Link to comment Share on other sites More sharing options...
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