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Australian property crash |
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Afros
Champion Joined: 14 Jan 2009 Status: Offline Points: 15300 |
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31 minutes between posts Isaac, I just figured you made the first post and had that second one bouncing around inside your head for that 31 minutes between the two. Why do I need 10 reasons for 'going left' and where do you assume I 'went left' from? |
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Second Chance
Champion Joined: 02 Dec 2007 Status: Offline Points: 45318 |
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Afros I don't really believe Isaac is a Really Rabid Rightard, however "Left" for a couple around here essentially means anyone slightly left of Genghis Khan.
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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So you don't punt, except an interest at carnivals, never been in a racehorse, and have no intention (no money?), yet hangs around Thoroughbred Racing forum just to give opinions on stuff that he knows nothing about ... then says that people who do that are not successful ... You are the gift that keeps on giving Afros! FYI, my staff and the systems I have set up means my business virtually runs itself without me Afros ... every now and then I to do some overseeing, and I have to put in a few hours in here and there as I did last night, just to top up the cash flow ... surely you understand that Afros, you must be a successful self-employed entrepreneur yourself ... I can't imagine anyone giving you a job!
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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!
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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I think it corresponded with a conversation I had with one of my Son's. He was giving me a lecture on how to do race horse form. I won't go further , other than to say I prop him up regularly financially and think that is enough evidence to say, it is him who should be the pupil. I might have to adopt Afros. |
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11301 |
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what a sad f**k....
Brags about his sexual conquests back in the day Brags about his sporting prowess as a youth Brags that he had a good social life, in the days when everyone had a hectic social life. So successful he needs to let everyone he’s a successful property owner ( alas, in Bankstown) So successful he needs to brag about a possible new opportunity that’s worth $30k (really? So sad) So successful that he can’t afford to move out of the suburb that he repeatedly denigrates on here.. So successful, he’s clearly got a chip on his shoulder about his station in life,and needs to boost his ego by denigrating people he doesn’t actually know,so that in his mind,he is above them. Here’s a tip dummy, a successful business man doesn’t let his business run itself. If you were one, you’d know that...... |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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I found that a funny read Rusty, don't ask me why
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Afros
Champion Joined: 14 Jan 2009 Status: Offline Points: 15300 |
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Pretty weill summer up Rusty
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Afros
Champion Joined: 14 Jan 2009 Status: Offline Points: 15300 |
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I'll be right thanks. |
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Afros
Champion Joined: 14 Jan 2009 Status: Offline Points: 15300 |
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I actually enjoy watching racing, particularly the stakes races around carnival time, or is there a requirement to either punt hard or be an owner to poat here? |
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Afros
Champion Joined: 14 Jan 2009 Status: Offline Points: 15300 |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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What can I say, I have worked hard and I have a good life ... it's just a bonus that it upsets you so much. You know that the Green-Eyed Monster - Envy - is one of the most destructive of the seven deadly sins ... maybe you should take a pill. FYI, not all of Bankstown is Islamic Slums you know - I could live anywhere I like really ... ever taken a cruise on the Georges River, which meanders through the leafy parklands in the exclusive part of town (my neck of the woods) all the way to Botany Bay ... did you know that the suburb was named after Captain Cook's botanist, Sir Joseph Banks! ... when he mapped the river in the Tom Thumb, he was a big fan of the location for its beauty, bounty, and tranquility ... a very civilized location indeed! I recall my former neighbor Mark Waugh telling me how pleased he was when he sold his place for $2 million now, must have been at least 15 years ago ... be worth double that now I assume ... good for my resale value, and it tends to keep the welfare parasites on their side of town!
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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!
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oneonesit
Champion Joined: 06 Aug 2012 Status: Online Points: 36892 |
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I come on here to get some mental stimulation. And I leave perturbed
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Refer ALP Election Promises
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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No, I can't argue with that! ... I love watching a Cessnock Maiden almost as much as a G1 ... I just think that there is very little that is as exhilarating as watching these magnificent athletes run! ... the only thing comparable would be watching big cats run down their pray ... you just don't get to go and watch that in the flesh too often!
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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!
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oneonesit
Champion Joined: 06 Aug 2012 Status: Online Points: 36892 |
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I think the quality of the lefty commentary on TBV has suffered ever since Subastral went for a holiday to Iran. One day they make it legal & he might get an early release.
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Refer ALP Election Promises
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11301 |
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That is so sad. Now he’s bragging about living on the good side of Bankstown ...... What sort of person invents things to boost their ego on an anonymous Internet forum.... If I could be bothered, I’d look up Waugh’s property ownership history, but I’m pretty sure everyone knows you’re just a dribbling fantasist. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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like shooting fish in a barrel.
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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!
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Redemption
Champion Joined: 09 Apr 2017 Location: Melbourne Status: Offline Points: 5387 |
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Down down, prices are down
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Yep, at this point, it is a standard part of the property cycle, a "correction" in Sydney and Melbourne - maybe some overreach in some areas, attributable to the fear of a Labor Government, but really nothing to see here.
If Labor gets in and goes ahead with it's promised regressive Property Tax Package on 1st January 2020, we will have an out of cycle drop in prices of between 5% and 14% across the country - these are the "best guess" of industry experts, Labor simply does not know and refuses to discuss it. The potential destruction of wealth will be up to $1 Trillion - the "fairer" trade-off for raising $2.9 billion in taxes - and will manifest over time, commencing right after the election, as property purchasing sentiment is destroyed. The irony is, that this will be helped along by the "Doom and Gloom" commentary of the mainstream media, who are currently ignoring this issue, but will run with it as they look for any way they can create negative stories in the quiet of a post-election news cycle. Everyone knows it will happen that way ... unless the citizens wake up to the facts before it's too late.
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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!
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11301 |
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For crying out loud, they are not property experts, they are “Bushy” and your mate in Bris Vegas that’s part time property analyst P/t life coach who didn’t have an office etc etc etc.
All of them have vested interests. Again for the thousandth time, last time these same tax changes were implemented. ZERO downturn,and boom in 2 years. Again, you still can’t justify why there should be a concessional tax rate on CGT. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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What does the ABC think?
... ooooops! ... a 26% loss if Labor gets in!!! ... COSTING TRILLIONS!!! ... and RENTS UP!!! Just confirms what Bill and Chris have said all along ... "because it's fairer for First Home buyers" Labor's negative gearing changes will force property prices down and rent up, study saysA new report says Labor's planned rollback of tax breaks for property investors will lead to lower property prices and higher rents. The report from SQM Research, investment advisers specialising in property investment, says property prices will fall nationally by between 5 per cent and 12 per cent by 2022 if Labor scraps negative gearing for existing properties and halves the Capital Gains Tax discount from 50 per cent to 25 per cent. However, if the Reserve Bank cuts the interest rate by half a per cent, SQM believe the falls would be between 4 and 8 per cent. Under an alternative scenario with no changes to tax breaks for investors, but where the Reserve Bank cuts interest rates by half a per cent, they predict property prices would rise between 8 per cent and 14 per cent over the same period. "Property prices will fall because investors are going to demand some sort of discount for the lack of tax concession they once had," said SQM's founder Louis Christopher. The rental yield on a property is a calculation which measures how much cash an investment is generating, as a percentage of that asset's value. Put simply, when it comes to an investment property, it's the rent received on that property divided by the cost of the property. Or the Gross rental yield = (Annual rental income / Property value) x 100. For example, if a property worth $500,000 received a rental income of $500 a week its gross rental yield would be (52 x $500 / $500,000) x 100, or 5.2 per cent. SQM's research argues that investors will demand a higher rental yield because they will no longer get a tax concession. And for that to happen, either the price of the investment property needs to go down, or the rent needs to go up. Their assumption, at least initially, is that it'll be house prices that take the hit. |
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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!
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11301 |
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Hahahahaha
The irony is delicious! On another thread he says video footage of ON meeting with NRA means nothing without context,and can’t be believed without ALL of the footage being released. But on this topic,an article that refers to a couple of lines in a report, is absolute total proof...... The report that’s quoted is based upon the authors guess of the required IRR of investors,and how any changes to the tax act impacts on their expectations. We can all have a rough guess of what reductions we expect and chuck it in to a model to crank out a number. But unless there’s detailed methodology involved in identifying investors thought processes, and being able to demonstrate how different scenarios change investor behaviour/expectations, and the metrics behind these variances,then it’s just a guess dressed up as research. Of course Doc doesn’t attach a copy of full research, so who knows how many holes/guesses make up the “research” |
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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If It works ---- Don't fix it.
I've never lost money on a Real Estate venture, so why change. The Lounge Room Experts are like Jockeys & Stablehands = The worst tipsters in the game. POSITION POSITION POSITION |
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Redemption
Champion Joined: 09 Apr 2017 Location: Melbourne Status: Offline Points: 5387 |
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DR.E, prices going down, and Interest Rates havent even gone up yet.
You wait till the banks raise interest rates. Not only are banks NOT going to lend money, but people who do own, will sell on mass due to hike rates. They will have no choice.
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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No different now ... next interest rate move will be down. If people over capitalise , You can't blame anything but their poor gamble. IMHO , the prices can only go UP for solid residential property, almost anywhere. The consistent migration numbers ensure that. The usual ups & downs of course but remember , we may be down a few percent , moving into a buyers market but that's on top of massive price increases during the most recent upward spiral. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Has Al Jazeera withheld the full report ... those meddling bastards!
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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!
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Downward pressure on interest rates is forecast, but this is only assuming the drop in property values and a depressed economy that is expected under the regressive, punitive policies of Wealth Destruction, under a Labor/Greens government - it will be an attempt to avoid "Labor's Recession that we Had to Have to make the Greens happy". If the LNP Government retains power, interest rates are expected to remain static, as the normal cycles continue.
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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!
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Offline Points: 11301 |
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Someone get the sedatives for the Doc, he’s going to pop a valve....
https://www.smh.com.au/business/the-economy/moody-s-dramatically-downgrades-its-forecasts-for-house-prices-20190409-p51cav.html |
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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House prices will fall because most workers will flood to the Adani Mines. (That's what i read in PT's latest bulletin.) |
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Afros
Champion Joined: 14 Jan 2009 Status: Offline Points: 15300 |
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Oh boy, there will be a flood of bold link text here at around 1am, screeching about the eleventy billion dollar tsunami coming our way.
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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Doc has been telling you to bunker down & be ready for the Bonking Billy fall out. Haven't you noticed us re directing our investments to the Punt. |
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