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Australian property crash

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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 7:41pm
Originally posted by oneonesit oneonesit wrote:

You cant have it both ways. Taking heat out of the market by the ALP approach will work. Housing will become more affordable for those not in the market. The flip side is that those already in the market will lose money - & those that have entered in the past 3 years already have negative equity based on natural correction. Add the new rules & that will blow out to include many more as prices will take a further bath. Wrong time to do it - wait till the natural correction has stabilised. 

oneone, the normal property market "cycle" has ALWAYS done that, did so last time, time before that, time before that, and it's cooling of its own accord right now ... in fact there is now talk that it is going too far, due to over regulation of lending! ... this recent growth cycle does not even represent the strongest growth period we have seen ... but the media doesn't want the truth, just the Boom and more importantly the BUST! 

Cycles are normal, and introducing artificial stimuli or dampeners at any time risks havoc, having far wider negative economic reach than the property market alone.

There is no "right" time for these policies ... they are designed to invoke envy and loathing amongst the uneducated ALP base ... and right on cue who wants to argue in favour of them without a skerrick of knowledge between them? ... none other than the usual whining parasites, Tweedle Dum and Tweedle Dummer!Wacko 

The "sleeper" here is that they are now saying that it will apply to ALL assets ... and they haven't given us ANY numbers on that devastation ...?

Again, EVERYONE LOSSES if the asset values of the nation fall ... it means that more people will become welfare dependent sooner ... it's not rocket science, it's not even climate science, but some of our favourite dopes will never understand that! 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 7:49pm
Originally posted by rusty nails rusty nails wrote:

IF that eventuated,then it would be a less attractive return, but that's not a loss.
A loss is when your urrent capital value is lower than the initial capital value

You are a loss ... a total loss.

Try this analogy ... let's say you had the chance to marry Melania Trump, but then you opened your mouth, and she said no, and you ended up marrying Hillary Clinton ... would that be a loss? ... no cheating now, you can't ask macca!LOL
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 8:03pm
Originally posted by Dr E Dr E wrote:

Originally posted by rusty nails rusty nails wrote:

IF that eventuated,then it would be a less attractive return, but that's not a loss.
A loss is when your urrent capital value is lower than the initial capital value

You are a loss ... a total loss.

Try this analogy ... let's say you had the chance to marry Melania Trump, but then you opened your mouth, and she said no, and you ended up marrying Hillary Clinton ... would that be a loss? ... no cheating now, you can't ask macca!LOL
As I said - comparatively speaking you would have to say yes - esp. if the third option was Jennifer Hawkins - lol
Give peace a chance
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 9:46pm
Originally posted by Dr E Dr E wrote:

Originally posted by rusty nails rusty nails wrote:

IF that eventuated,then it would be a less attractive return, but that's not a loss.
A loss is when your urrent capital value is lower than the initial capital value


You are a loss ... a total loss.

Try this analogy ... let's say you had the chance to marry Melania Trump, but then you opened your mouth, and she said no, and you ended up marrying Hillary Clinton ... would that be a loss? ... no cheating now, you can't ask macca!LOL



   Your making it to easy for him .

I hope He & Hilary have a happy life.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 13 Nov 2018 at 10:55pm
Originally posted by Dr E Dr E wrote:

Originally posted by rusty nails rusty nails wrote:

IF that eventuated,then it would be a less attractive return, but that's not a loss.
A loss is when your urrent capital value is lower than the initial capital value


You are a loss ... a total loss.

Try this analogy ... let's say you had the chance to marry Melania Trump, but then you opened your mouth, and she said no, and you ended up marrying Hillary Clinton ... would that be a loss? ... no cheating now, you can't ask macca!LOL

Our poor feckless finger painter, your nurses too busy to do those compounding calculations for you?

We both know,if you knew how to calculate it,and IF it proved your point you’d have plastered the results all over the site in triumph.

Alas,our finger painter appears to have conceded this point,and has resorted to childish jibes yet again.....
Sad
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 12:07am
Originally posted by rusty nails rusty nails wrote:

Originally posted by Dr E Dr E wrote:

Originally posted by rusty nails rusty nails wrote:

IF that eventuated,then it would be a less attractive return, but that's not a loss.
A loss is when your urrent capital value is lower than the initial capital value


You are a loss ... a total loss.

Try this analogy ... let's say you had the chance to marry Melania Trump, but then you opened your mouth, and she said no, and you ended up marrying Hillary Clinton ... would that be a loss? ... no cheating now, you can't ask macca!LOL

Our poor feckless finger painter, your nurses too busy to do those compounding calculations for you?

We both know,if you knew how to calculate it,and IF it proved your point you’d have plastered the results all over the site in triumph.

Alas,our finger painter appears to have conceded this point,and has resorted to childish jibes yet again.....
Sad

Do us all a favour, get a new insult you boring unimaginative drone!Cry
 

So, once again, I've given you the answer, again, nothing has changed, it is AT LEAST $500 Billion.

You disagree, for no reason, so it's up to you to disprove it, but all that you have done is the opposite.

Have you failed at everything you have ever attempted?

No need to answer, you will only make it worse, the evidence is EVERYWHERE!Embarrassed
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Post Options Post Options   Thanks (1) Thanks(1)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 12:59am
History is your best proof Doc.

Today's cooling in the after boom in the big 2 cities is the normal pattern.
They are building and selling North of Brisbane ATM ..   OUR TURN.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 6:48am
Ok, it’s clear that our village idiot doesn’t understand the compounding concept at all.

I deliberately chose a very low rate to demonstrate that even if capital appreciation occurred at extremely low levels you still don’t lose money.
Poor old stupid confirmed his belief that a rate of only 2.5% would be a farcically low return.

So if we start today with an asset of $1M, and it’s capital value rises by 2.5% on average every year for 10 years, the assets value would be $1.28M.
In this bleak scenario,it can be easily seen that the investor has not made a loss at all.

Shrieking and screaming,quoting big scary numbers,spraying the joint in pink ink,doesn’t change these simple facts.



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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 9:26am
Originally posted by Dr E Dr E wrote:

Originally posted by Whale Whale wrote:

[

Like Whale, a reduction in property value of 2% means just as much as a reduction of 100%, ... if you don't own a residential property, and you are never likely too.Embarrassed

For the people who do own property, it's $500 billion +, and it WILL effect everyone, even the parasitic Housos.

Now you just stay stupid, and keep collecting welfare ... the adults will keep working out how we will be able to continue making enough money, so we can pay enough tax that we can afford to keep a roof over your head, ok !Thumbs Up

you sure about that ? 

Pretty sure!
[/QUOTE]

Take the bet then ,big man behind a keyboard LOL
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 12:56pm
Originally posted by rusty nails rusty nails wrote:

Ok, it’s clear that our village idiot doesn’t understand the compounding concept at all.

I deliberately chose a very low rate to demonstrate that even if capital appreciation occurred at extremely low levels you still don’t lose money.
Poor old stupid confirmed his belief that a rate of only 2.5% would be a farcically low return.

So if we start today with an asset of $1M, and it’s capital value rises by 2.5% on average every year for 10 years, the assets value would be $1.28M.
In this bleak scenario,it can be easily seen that the investor has not made a loss at all.

Shrieking and screaming,quoting big scary numbers,spraying the joint in pink ink,doesn’t change these simple facts.




Very good!

Yes $1million is worth approximately $1.28 million if you apply 2.5% per annum compounding interest.

Any moron can do that, and you have proved it. So what.

Now, seeing that the point of the whole conversation, is to ascertain what likely damage ALP policy will have on those asset values - you clearly are NOT arguing against that - try to apply the loss in capital value and the loss in return, and give us a few examples of the cost to property owners.

Oh wait, no need, I have already done that for you.

So what would an appropriate expectation of residential property capital growth rates actually be if not 2.5% p.a., without this pointless ALP tinkering?

What are the advantages of the ALP's proposed changes, other than to ramp up the support of envious welfare parasites? Quantify.

What are the risks? Quantify. (only if you disagree with my assertions of course).   

You see, if you want to have a discussion with adults, and you disagree with their assertions, you must articulate an alternative outcome ... you can't just sit there tearing up the paperwork and chewing on your crayons and screaming NO!!! ... or you will look like a dick head.Embarrassed 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 1:00pm
Originally posted by Whale Whale wrote:

Originally posted by Dr E Dr E wrote:

Originally posted by Whale Whale wrote:

[

Like Whale, a reduction in property value of 2% means just as much as a reduction of 100%, ... if you don't own a residential property, and you are never likely too.Embarrassed

For the people who do own property, it's $500 billion +, and it WILL effect everyone, even the parasitic Housos.

Now you just stay stupid, and keep collecting welfare ... the adults will keep working out how we will be able to continue making enough money, so we can pay enough tax that we can afford to keep a roof over your head, ok !Thumbs Up

you sure about that ? 

Pretty sure!

Take the bet then ,big man behind a keyboard LOL
[/QUOTE]

Sigh. I give up ... Gotta admit, nice place you have there ... plenty of potential for a reno or an extension too!LOL

Image result for man sleeping in box
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 2:28pm
Originally posted by Dr E Dr E wrote:

Originally posted by rusty nails rusty nails wrote:

Ok, it’s clear that our village idiot doesn’t understand the compounding concept at all.

I deliberately chose a very low rate to demonstrate that even if capital appreciation occurred at extremely low levels you still don’t lose money.
Poor old stupid confirmed his belief that a rate of only 2.5% would be a farcically low return.

So if we start today with an asset of $1M, and it’s capital value rises by 2.5% on average every year for 10 years, the assets value would be $1.28M.
In this bleak scenario,it can be easily seen that the investor has not made a loss at all.

Shrieking and screaming,quoting big scary numbers,spraying the joint in pink ink,doesn’t change these simple facts.





Very good!

Yes $1million is worth approximately $1.28 million if you apply 2.5% per annum compounding interest.

Any moron can do that, and you have proved it. So what.

Now, seeing that the point of the whole conversation, is to ascertain what likely damage ALP policy will have on those asset values - you clearly are NOT arguing against that - try to apply the loss in capital value and the loss in return, and give us a few examples of the cost to property owners.

Oh wait, no need, I have already done that for you.

So what would an appropriate expectation of residential property capital growth rates actually be if not 2.5% p.a., without this pointless ALP tinkering?

What are the advantages of the ALP's proposed changes, other than to ramp up the support of envious welfare parasites? Quantify.

What are the risks? Quantify. (only if you disagree with my assertions of course).   

You see, if you want to have a discussion with adults, and you disagree with their assertions, you must articulate an alternative outcome ... you can't just sit there tearing up the paperwork and chewing on your crayons and screaming NO!!! ... or you will look like a dick head.Embarrassed 
clearly any moron couldn't do it it.
It was beyond you.
You have screamed time and time again that it would cause investors to lose money.clearly it doesn't.
I posted earlier that investors would not lose money,but would earn a lower return and you thought it was retarded logic.
So now you think that's right?

Until you can focus,and just stick to one position,you will continue to look and sound like an unhinged fool.

Until you can understand that a lower rate of return isn't a loss,then you will continue to clog up the thread with inane comments.

On what rationale should capital gains taxes be discounted?
Cos it's good for you?

If you want to try and have an adult debate,stick to the issue being discussed
Foaming atthe mouth about welfare or whatever just shows your emotionally disturbed.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 2:34pm
Originally posted by Dr E Dr E wrote:

Originally posted by Whale Whale wrote:

Originally posted by Dr E Dr E wrote:

Originally posted by Whale Whale wrote:

[

Like Whale, a reduction in property value of 2% means just as much as a reduction of 100%, ... if you don't own a residential property, and you are never likely too.Embarrassed

For the people who do own property, it's $500 billion +, and it WILL effect everyone, even the parasitic Housos.

Now you just stay stupid, and keep collecting welfare ... the adults will keep working out how we will be able to continue making enough money, so we can pay enough tax that we can afford to keep a roof over your head, ok !Thumbs Up

you sure about that ? 

Pretty sure!

Take the bet then ,big man behind a keyboard LOL

Sigh. I give up ... Gotta admit, nice place you have there ... plenty of potential for a reno or an extension too!LOL

Image result for man sleeping in box
[/QUOTE]

Very good but not taking up the bet ?  All mouth I guess Thumbs Up
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 2:40pm
Whale, nobody cares to bet with you ... how can I possibly afford to be involved in your "High Stakes" games?LOL

What did you say? ... $100k? ... you can't be too confident then, can you? ... or is that some multiple of your total net worth?Embarrassed

It's all relative I guess ...

Image result for dr evil $100,000
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 2:41pm
Sorry Whale, we are not in the same ballpark, on any measure.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 2:44pm
rusty, a simple "Rrrrreeeee!!!" would have sufficed - do you think I'm going to bother to read the ramblings of a blithering idiot?

Just go away, you are wasting the time of the intelligent people.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 2:44pm
Originally posted by Dr E Dr E wrote:

Sorry Whale, we are not in the same ballpark, on any measure.

true but I don't look down upon you because of your inferior status Wink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 2:47pm
Originally posted by Whale Whale wrote:

Originally posted by Dr E Dr E wrote:

Sorry Whale, we are not in the same ballpark, on any measure.

true but I don't look down upon you because of your inferior status Wink

Thank you.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 3:21pm
Originally posted by Dr E Dr E wrote:

rusty, a simple "Rrrrreeeee!!!" would have sufficed - do you think I'm going to bother to read the ramblings of a blithering idiot?

Just go away, you are wasting the time of the intelligent people.

Excellent response. :)
When you have nothing left,stick your head in the sand and declare victory.

It’s my bad, what a ridiculous notion it was to try and engage you in a rational conversation.
But at least now you’ve admitted you’re wrong.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 4:05pm
Originally posted by rusty nails rusty nails wrote:

Originally posted by Dr E Dr E wrote:

rusty, a simple "Rrrrreeeee!!!" would have sufficed - do you think I'm going to bother to read the ramblings of a blithering idiot?

Just go away, you are wasting the time of the intelligent people.

Excellent response. :)
When you have nothing left,stick your head in the sand and declare victory.

It’s my bad, what a ridiculous notion it was to try and engage you in a rational conversation.
But at least now you’ve admitted you’re wrong.

Yes. I'm wrong, you are right ... now please piss off you time wasting fool.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 4:19pm
Doc admitted he lost an argument Shocked
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 14 Nov 2018 at 4:21pm
Originally posted by Whale Whale wrote:

Doc admitted he lost an argument Shocked


Clever Man Doc.     . Saved him buying Fly spray.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 16 Nov 2018 at 10:49pm
Who in their right mind, would risk Labor, if you owned your own home???Confused

More industry warnings about the ALP/Greens Economics of Envy ...


Sydney home price falls likely to continue into 2020: SQM Research

SYDNEY real estate could be in for a longer slump than once thought, with one expert revealing agents are now “dying to get rid” of listings, giving buyers an unprecedented chance to cash in.

HOME buyers could be gifted a longer window of opportunity to capitalise on Sydney’s falling prices as the ongoing housing slump stretches on for longer than expected.

The city’s median home price is now forecast to drop another 6-9 per cent next year, with further falls expected over 2020, according to modelling by SQM Research.

With Sydney prices already down 7.4 per cent over the past year, the 2019 falls would leave home values a total 12-19 per cent lower than in 2017.

The new forecasts depart from earlier projections from groups such as insurer QBE showing a return to modest growth next year.

The SQM Research modelling assumed a slowing economy, an unchanged cash rate, a stable Australian dollar and a Labor Party win at the next federal election.Shocked

Prices would drop by a marginally lower 3-6 per cent next year if the Coalition held government next year, SQM reported.

This was due to the major parties different housing policies — the ALP has proposed cutting negative gearing tax concessions, while the Coalition has vowed to retain them.

SQM Research director Louis Christopher said the ALP proposed changes would be more dangerous for the market.

“Quite frankly, implementing these changes during a housing downturn is very risky and may trip the economy into a recession,” he said.

Mr Christopher added that 2019 falls in prices would be even higher, up to 11 per cent, if banks chose to raise their lending rates independently of the Reserve Bank.

On the other hand, if the RBA cut the cash rate next year and banks passed the cut on, Sydney prices would likely move zero to -3 per cent, he said.

PK Property Buyers Agents director Peter Kelaher said falling prices meant it was “time for buyers to strike”.

December and January would offer particularly good deals, he added.

“Agents will be dying to get rid of their properties and will help push through sales very hard,” Mr Kelaher said.

“There will also be vendors with larger blocks who want to sell before the New Year for tax reasons or just to get the property off their hands so they enjoy their Christmas.

“This period will offer particularly good buying this year because the market is down and vendors know it.”

Real estate analyst Andrew Wilson of My Housing Market said buyers who “hold their nerve” will be at an advantage.

“There will be a lot of other buyers who are waiting for prices to reach their absolute bottom, but if you see something that suits you and go for it you could be rewarded … this is the Sydney correction everyone has been waiting for.”

https://www.news.com.au/finance/real-estate/sydney-home-price-falls-likely-to-continue-into-2020-sqm-research/news-story/d9d4d2f86f2b01c2d5830a0489a937f5

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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 16 Nov 2018 at 11:15pm
Whoops, the finger painter once again showing his lack of comprehension skills.
Great work with the artwork with the pretty colours and large fonts.
Shame you didn’t read the entirety of the article you’ve posted.

In the article it states large institutions such as QBE are forecasting modest growth next year. Rememember we’ve done this, it means you are making money dummy.
Later it states that if rates were to reduce,then sydney prices would be effected 0-3% by the new policy. Hmmm that’s not too bad in what they say is currently a falling market.
It also quotes one reference as saying dec/jan would be great buying opportunities.
Not quite the disaster you think it is.



Meanwhile, here’s the view of a sane person as to the possible outcomes of the ALP policy.

Surprisingly not the carnage this fool keeps banging on and on about......



https://www.afr.com/personal-finance/tax/why-property-investors-shouldnt-panic-about-gearing-and-cgt-20181014-h16msu
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 16 Nov 2018 at 11:36pm
Think about this.

Name one other person, other than yourself, outside of Communist North Korea who would support a policy that guarantees you will make LESS money than you otherwise would without the implementation of that policy.

Since you quite obviously are a renter, are you also happy to pay higher rents as well?

Never mind that QBE is an insurance company, and the Financial Review is a leftist publication, they still acknowledge the damage.

You have lost us all again rusty.

What precisely is the point you are trying to make, other than to confirm EVERYTHING that I have said on the subject for more than 3 years?  


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Post Options Post Options   Thanks (0) Thanks(0)   Quote rusty nails Quote  Post ReplyReply Direct Link To This Post Posted: 16 Nov 2018 at 11:50pm
You must be as dumb as wood.
Good to see you finally understand the issue is one of possibly lower profits,and not the decimation of the property market that you’ve been shrieking on and on about.

You don’t think that QBE with assets of over $15B, with huge exposure to the property market,just might have a better handle on forecasting than a one man band louis christopher that you seem so fond of.

And are you really so clueless that you don’t know the AFR is in total lockstep with corporate Australia,...left wing?
Hilarious
You clearly have never read it.

I’ve repeatedly stated I’m absolutely for negative gearing,but I’m against CGT concessions.
Tell me again why you should pay higher tax rates on your wages than on capital gains?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 17 Nov 2018 at 12:55am
OK, so you have done some research ... I'll play along!

All right, QBE and AFR are no different to anyone who has commented or offered an opinion - they ALL AGREE that the capital values of ALL RESIDENTIAL PROPERTY ACROSS THE COUNTRY WILL DROP to some degree, and that future growth will be adversely affected, IF these policy measures of the ALP are imposed.

So it is BOTH, the decimation of the asset value, and lower profits that is the concern.

The ALP confirm it in their own policy document, it is not in question.

I know you don't have a dog in the fight, but I see no sense, in stubbornly defending a position that nobody from either side supports?

QBE is an insurance company, they want to play it all down no matter what, they thrive on stability. Stirring up emotions and causing volatility in markets is counter-intuitive to their business model ... or maybe they have staked heavily in favor of an ALP election win ... who knows, but even they are endorsing a negative outcome as a result of these policies.

I try not to read AFR, there are plenty of professional industry mags and blogs that provide unbiased information ... and really "in total lockstep with corporate ..." maybe you missed the hint ... "FAIRFAX OWNED" AFR??? ... and still, they acknowledge the negative outcomes, even though they downplay them, without any explanation.

OK, so you are good with NG, are we getting somewhere here?Shocked

Sadly, the policy is 2 for 1 ... NG goes, and CGT concessions are halved ... the second is the less contentious, as significant CGT events are rarely triggered by smart property investors who plan effectively, but it is still a disincentive.

The most important thing about these changes is that NOBODY is certain of the outcomes, but they are certain that they will be negative, and they will likely be far more wide-reaching than the party who is promising them could ever imagine, as they will be imposed in a cooling market ... and no offence, but they don't have a very good record of getting their economic predictions right in the past 30 years.

You do not actually pay higher tax rates on your wages than you do on capital gains - that is wrong.

CGT is applied at your effective wages tax rate, so if you trigger a CGT liability in a financial year where you have low income or deductible losses, your CGT rate could be nil.

To argue against these tax concessions, it is important to understand why they are there.

We want people to provide affordable rental properties, we don't as a nation want to be building and maintaining public housing - it is simply too expensive.

What do people who invest in property do, that most people refuse to do?

They take a risk. They borrow money. They hope that the property value doesn't crash, they hope that the tenant pays their rent and doesn't trash their asset. They ride every interest rate announcement, they hope they keep their job and can afford it.

Lots of people lose money on investment properties.

If the reward is not commensurate to the risk, why would anyone bother?

... and that is the biggest risk of any changes to a tax that has worked perfectly well for more than 30 years ... that people just say its all too hard, and just choose other assets to invest in ... and that is exactly what the uber-rich will do ... because they can! 

As I have said many times, our economy is the envy of the world - why would we try to fix something that isn't broken?

As has happened after every property cycle in the past century, property prices become more affordable - it's happening now.

 


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Joined: 19 Jun 2010
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 17 Nov 2018 at 2:28am
ALL RESIDENTIAL PROPERTY ACROSS THE COUNTRY WILL DROP to some degree,
    Plus you add,    a correction is happening now , especially in Sydney , Melbourne .    As happens in EVERY cycle.

I am so amused by the doom & gloom preached , every few years with the ups and downs of the solid Real Estate , residential areas , especially.

Knockers , :- COME BACK AND TELL US WHAT YOU THINK IN A FEW YEARS.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 17 Nov 2018 at 2:47am
scamanda View Drop Down 28th May 2010
Joined: 11 Oct 2008

QUOTE scamanda   Post Reply Direct Link To This Post Posted: 28 May 2010 at 2:02am
Dude, I don't push anyone elses barrow.
Just my own.
You went off on some non targeted tangent because I told maccamax2 the facts.
Fair dinkum,Wacko 7 posts in a row to tell us all how you are sick and tired of people picking on poor BROOKE. She's a big girl and can handle herself.

I have also made 300% in 18 months and then 98% in the following 3 years just on the family home.
---------------------------------------
We were telling people to go buy a house in 2010.    Good stuff Scamanda
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 17 Nov 2018 at 3:10am
maccamax 30/5/2010

Quote : Post Reply Direct Link To This Post Posted: 30 May 2010 at 4:11am
This is so funny for a big school boy during world war two to read.
Australia with it's few million people , Isolated , retarded and about to be taken over .
[[ never forget that funny line , = If you read English , Thank your School Teacher,, If you speak English , Thank the Yanks.]]
When it was over we were flooded with the Displaced people of Europe and you name it , == What a lottery win for Australia as they arrived with experience , hope and love of freedom and The Muscle and brain to drive Australia out of the 4 th World .
The resourses required to supply the needs of these wonderful addition to our soil .,
JAPAN and others needed our resources and we supplied and that drove Australia to its great economy of today.
The contribution of the Asian Migration and thier assimilation adds to our good fortunes.
WHAT do you think the masses of China , India etc are going to do for Australia in the next same period of time with what we have to supply.....USE YOUR BRAIN .
I recall people making these predictions of gloom in real Estate each year since way back in the early 1950's...I purchased then for $4000...Tongue.THEY ARE STILL RENTING.
Anyone who made it financially big around me has been in Capital Gain....I have seen fools selling up because of these fear campaigns ...SAD .
The member who said Migration is still alive and well , supply and demand .....Take notice of them .
The mention of the American Housing problems in thier poor areas is criminal acts by people in thier Financial System who will eventually pay a price and the Yanks will overcome that hurdle. .... They overcome Pearl Harbour ....Now go buy a house.Embarrassed

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