Go to Villagebet.com.au for free horse racing tips - Click here now |
|
Australian property crash |
Post Reply | Page <1 3233343536 39> |
Author | ||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
There are a lot of those quotes, but never heard either of those!
|
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
Post Options
Thanks(0)
|
|||
That's why I wouldn't get advice from you on the subject, if I were you! [/QUOTE]Oh my the man love in is over What happened Doc, did he disinherit you [/QUOTE]
It's ok Whale, he's just like all of us - he doesn't know what he doesn't know. [/QUOTE]
That is very Trump like , turning on your friends and allies. Anyway Doc enjoy your lonely vigil here and posting to yourself as you do nightly |
||||
maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
Post Options
Thanks(0)
|
|||
It's to each their own Whale. . I NEVER touched new property,
Desperate sales and self renovating , was more my line and while I'm not complaining , I blundered badly too often. Selling instead of using the collateral to widen the numbers . We are all wiser in hindsight. |
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
Oh my the man love in is over What happened Doc, did he disinherit you [/QUOTE]It's ok Whale, he's just like all of us - he doesn't know what he doesn't know. [/QUOTE]That is very Trump like , turning on your friends and allies. Anyway Doc enjoy your lonely vigil here and posting to yourself as you do nightly As I said, we don't know what we don't know - maybe you should get a friend or an ally before commenting on a subject that is foreign to you ... ... posting to myself, but always getting a rise from you and the minis |
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
The old nightmares of the past have mostly been buried by improved legislation macca - very hard to go wrong with off the plan purchases, unless you get your timing hopelessly wrong, or if we get a Labor government ... |
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
Tlazolteotl
Champion Joined: 02 Oct 2012 Location: Elephant Butte Status: Offline Points: 31303 |
Post Options
Thanks(0)
|
|||
Key Labor policies will hit richest Liberal seats hardestLabor's plans to increase capital gains tax and limit negative gearing will hit the nation's wealthiest and largely Liberal-held electorates, sparing those in low income rural areas or comfortably held by the ALP. A special breakdown of Tax Office data covering average negative gearing losses and the average capital gains discount enjoyed by taxpayers shows Labor's policies will hit hardest voters in areas least likely to back the ALP at this year's election. Taxpayers in the former seat of Malcolm Turnbull, Wentworth in Sydney's eastern suburbs, and those in the Melbourne seat of Higgins, held by Industrial Relations Minister Kelly O'Dwyer, are the most exposed to Labor's plans. Of the 10 most exposed electorates only Wentworth and the Melbourne seat of Macnamara are not held by the Liberal Party. The others include traditionally safe Liberal seats such as Treasurer Josh Frydenberg's electorate of Kooyong and Tony Abbott's seat of Warringah. |
||||
An honest politician is one who when he is bought will stay bought.
Simon Cameron |
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(1)
|
|||
Makes perfect sense, but the "rich" people have a choice, they can downsize, restructure investments, or just not worry about it ... that is why they are "rich"!
The poor will just be poorer, because they will have less opportunity to do anything about it - their future prospect of ever being anything but poor will be assured, as they will be locked out of the opportunities that the rich have already taken advantage of ... these are the most divisive economic policies we have ever seen. It is Socialism 101 ... same reason that Labor wants everyone in an Industry Super fund ... control the wealth and aspiration of the collective, and they will do as they are told ... thus the "Useful Idiots" will be loyal, until they inevitably run out of other people's money.
|
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
Post Options
Thanks(0)
|
|||
I said I didn't have any experience of new or off the plan dealings.
One didn't need to with Real Estate from the 1950's to now . Has been a licence to print money ( In the solid areas of the big Cities) Amazing the numbers who found a way to go under though. They didn't grasp the golden rules. All that still applies. Talking to the former CEO of the Scallabrini Hospital Chain yesterday and he was horrified at the number of homeless on the Streets of the Sydney City area on a visit over Xmas / New year. Sad stuff when you see our Governments Importing Welfare recipients , at the same time organising Visas for workers from the Pacific Islands. Given those things , HOW can Real Estate differ from the usual cycles of the past 70 years. Yes , Bill Shorten Doc , but he's like Old Age ( wont last long ) |
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
macca, if Bill gets in, and he applies his Property Taxes and Share Taxes, he WILL destroy the nation's private wealth base, and we will be in recession ... he will be lucky to see out a full term. How does Clive's song go? ... "Australia ain't gonna cop it ... "
The property market will recover, but it will take generations, and ironically, the people who will pay for it are the Millenials who have to work to generate the taxes to fill the welfare black hole that will be left when the baby boomers have spent their last dollar and put their hand out for a pension ... and they live beyond 100 ... I shudder to think what the income tax rates will be in 20 years time!
If the Liberals are returned, we are looking at a further minor drop in values in Sydney and Melbourne over the next 12 months, a plateau and then normal cyclical growth again, as we face an undersupply of property. Brisbane will continue to grow, and when interest rates go up, will enjoy a boom. It's not climate science, it's just mathematics ... |
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Online Points: 11302 |
Post Options
Thanks(0)
|
|||
Values destroyed for generations?
For someone who professes intimate knowledge of the property market and finance, that’s a ludicrous statement. In the next boom people will be borrowing the maximum the Banks will let them,just as they have in every boom. That’s what puts the ceiling on prices. And when the next boom comes, and investors have the choice of leaving their money in the Bank taxed at their applicable rate, or invest in the share market,or property market and paying capital gains tax, still at a concessional rate,what do you really think they are going to do? |
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
Yes, values will be destroyed for generations, when there is an "artificial" negative influence in a normal market cycle that creates a loss - as Bill and Labor are promising, because "it's fairer" - the cycle will take time to recover the loss.
Secondly, these circumstances ALSO promise the double hit to the nation of "a deceleration in future growth" ... so any future recovery, will be much slower, once the damage is done. I've said this many times before, it is very obvious and easy to follow, for everyone but you. Thirdly, the next boom, in fact, the next stable period, will not be seen by this generation under these policies of envy ... because those who do not have property NOW, will never be property investors in their lifetime - in fact they will be lucky to ever get off the rental cycle themselves, as people find when out of work on welfare during a depression/recession, rents will skyrocket (as they did last time), they can't save a deposit (even if they have a job), and they can't get a loan anyway. Ok, if the ALP/Greens is a one-term aberration, and the Liberals get in and rescind all of these regressive policies and fix everything, that may change things to a degree, but will still take time. The fact remains, the damage will be done by Labor, it will take a long time to recover, and I'm not making this up. The ALP has promised that their policies WILL CREATE ARTIFICIAL LOSSES FOR RESIDENTIAL PROPERTY OWNERS, AND REDUCE FUTURE GROWTH RATES ... why the fcuk do you keep denying it??? The rest of your bullgelati is irrelevant, and a joke as usual - how is a ceiling created? wtf? ... the fantasy of YOU pretending to know about investing, and how people will go about it any time let alone the future is just laughable Professor- you may as well explain to us how to build a space ship and land it on the sun ... |
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
Post Options
Thanks(0)
|
|||
Opal Tower effect to hit Sydney's new apartments as negativity reigns in housing market |
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
Anyone considering buying "off the plan" in Sydney at present, particularly with the shadow of Shortens Property Taxes, needs a qualified psychiatrist, not a certifier!
|
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
oneonesit
Champion Joined: 06 Aug 2012 Status: Offline Points: 36895 |
Post Options
Thanks(0)
|
|||
That’s funny - in that article they talk apart “zombie apartments”. Apartments that remain unoccupied for long periods of time after completion
|
||||
Refer ALP Election Promises
|
||||
maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
Post Options
Thanks(0)
|
|||
with record numbers of new settlers. |
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
I warned you didn't I macca ... the invasion is coming! The "Zombie Apartments" are nothing new - I recall driving down Mitchell Road at Zetland at night in the early-mid 2000's, after the last property boom, and there had been a huge unit development boom in that area, and you could tell there was a high vacancy rate, because there was hardly a light on in any of them. I had a friend who had bought "off the plan" there just before the boom peaked and actually sold at a loss about 4 years later - the person who bought it has more than doubled their money since - ouch! Actually, a number of the Zombie Apartments can be attributed to wealthy, mainly overseas buyers, who have secured the properties in desirable school zones, and will make them their "principal residence" when their kids are ready to enroll in the "right" school ... it's actually a thing in Sydney and Melbourne. |
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
Post Options
Thanks(0)
|
|||
I note they are talking up Brisbane this morning with expected capital gain.
All those " whities " being squeezed out of The South are heading North young man. Sydnestan & Melbouslavia are catering for the rich brown onions . ( makes the eyes water ) The third world of Qld will leave most with regret. |
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
It's a normal predictable cycle, stupid! It's happened the same way through every previous property cycle that we have had - and we've had plenty! Brisbane is finally catching up ... In the past 12 months, Brisbane has out-performed both Sydney and Melbourne by at least 10%, and supply and demand will keep that going for another 2 years at least. you know what they say ... Queensland - 1 hour and 20 years behind the rest of the country!
|
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
Afros
Champion Joined: 14 Jan 2009 Status: Offline Points: 15306 |
Post Options
Thanks(0)
|
|||
They obviously expect Brisbane area to continue to grow in coming years, plenty of work going on in the area between the Sunshine Coast and Brisbane. It'll be one urban sprawl from Noosa to Tweed Heads soon.
|
||||
maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
Post Options
Thanks(0)
|
|||
Doc told us that long ago , thank you . Don't go too far North , Noosa depends on tourists and has always been a big up & down risk. I live in the Brisbane -- Sunshine Coast corridor 17K from CBD .. Been strong of late. |
||||
Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
Post Options
Thanks(0)
|
|||
haha cuddle up to a snake and you get bitteb. Very Trumpescue, friend and ally then in the blink of an eye turn and attack
|
||||
maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
Post Options
Thanks(0)
|
|||
He gave me credit & respect when I suggested some people should use postage stamps for toilet paper. IT STOPS THEN BITING THEIR FINGER NAILS. |
||||
maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
Post Options
Thanks(0)
|
|||
THEM
|
||||
Isaac soloman
Champion Joined: 13 Oct 2015 Status: Offline Points: 6085 |
Post Options
Thanks(0)
|
|||
bitteb?
|
||||
Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
Post Options
Thanks(0)
|
|||
He gave me credit & respect when I suggested some people should use postage stamps for toilet paper. IT STOPS THEN BITING THEIR FINGER NAILS.[/QUOTE] hahaha delusion syndrome alive and well. We know you would take it from Doc, man love
|
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
Final bothered to read some of my posts Afros ...
|
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
Ummm, that went straight over Whale's empty head macca ... he's clearly not familiar with the line; "It's the economy, stupid" ... on which I was obviously playing ... maybe he would care to google it, or phone a friend (that would be redundant!). In no way was it a reference to your intelligence macca, which is obviously "elite".
|
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
Post Options
Thanks(0)
|
|||
I was well awake, but someone missed the wink and needed material badly, but I'm now in hobbles and have to consider the capable, powers that be. .
I'm spending a bit more time in the lonely world of form study. I had reached the stage of finding it a bit much. The real test of getting out what you put in , is Racing. Specialise & be Selective and enjoy the caviar. |
||||
Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
Post Options
Thanks(0)
|
|||
Best form reference? ... back the bachelor jockey who walks onto the track wearing a ring!
Back Weir, [add humorous jibe here]!
|
||||
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
|
||||
Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
Post Options
Thanks(0)
|
|||
Very Trumpescue, friend and ally then in the blink of an eye turn and attack [/QUOTE] Doc is allowed to state fact. He is aware my strength is in My Superior Medical knowledge. He gave me credit & respect when I suggested some people should use postage stamps for toilet paper. IT STOPS THEN BITING THEIR FINGER NAILS.[/QUOTE] Ummm, that went straight over Whale's empty head macca ... he's clearly not familiar with the line; "It's the economy, stupid" ... on which I was obviously playing ... maybe he would care to google it, or phone a friend (that would be redundant!). In no way was it a reference to your intelligence macca, which is obviously "elite". [/QUOTE]
Nice to see you are a Clinton fan |
||||
Post Reply | Page <1 3233343536 39> |
Tweet |
Forum Jump | Forum Permissions You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |