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Australian property crash |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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So nobody who OWNS a residential property cares if the value of their property goes down? I can forgive you for a statement like that Whale - it just proves that you don't know what you don't know. It's probably true of you and all your neighbours in the Housing Commission estate ... it wouldn't even come up in conversation.
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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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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. 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 !
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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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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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don't divert as usual moron. You posted that losses applied to all properties implying that I did not realise that. The loss applys to ALL residential property, regardless of whether it is an investment or not ... for the thousandth time you dumb fcuk! applies I corrected you, now you change the direction of the discussion to hide your stupidity And I did not say they would not be upset just that it is not as important because they bought to live in and prices will go up eventually |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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[
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. 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 ! [/QUOTE]
you sure about that ?
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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The logic within my own family over many years has seen so many rise from the poor house to the multi multi millionaire group = ALL on the back of the capital gain on the Real Estate . Some had freehold garage sites , Car wash , mixed business = BUT while the Business side was OK the Capital gains were enormous.
I've had many say they would rather rent than buy over the years. I won't go into detail except to say that 9 years in QLD has seen me save over $180000 in rent ,at today's prices ( less overheads ) plus $80,000 capital gain. . In a poor performing area , compared with where I left. Work it out for yourself . & apologise to Doc |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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what are you talking about, completely off topic as usual ?
people make capital gains, yes, what is your point in the context of a negative gearing discussion ?
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Online Points: 11301 |
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So, when we remove the hysteria and the abuse You been screaming and yelling for months about a possibility of a capital loss(if you chose to immediately sell of possibly up To 2%. It's good to see someone has finally explained that you aren't losing money if the value is appreciating at a slightly lower rate. Or do you still think that's a thing,but you were foaming st the mouth too much to address that in your recent rants? #financially illiterate |
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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It's all about PROPERTY CRASH... A large Umbrella which takes in most things related to the Property plus or minus. This " as usual slur " , is not nice of you Whale. So out of character. . Isn't it enough for you to cost me , by not being suspended by Xmas. Now that is off topic , but of great member interest. your out to 2/1 now so I can't green up . Is it my flight of ideas that worries you , or the fact you have built up some envy of me , since you've been sleeping out. |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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speaking of bets I am thinking of challenging Doc to a wager, $100,000, petty cash for him If I own property I win, if not he wins. Looking for an honest person to hold the bets
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maccamax
Champion Joined: 19 Jun 2010 Status: Offline Points: 41473 |
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You have said before you have been in Real Estate in the past at least and as you are a Melbourne-ite , Your out performing "the rest " . Wasn't it God who took a light & went out one night to find an honest man .... He stumbled in later , blinded by dark = as some one stole the Lantern |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Wow, you said it again! You don't actually know ANY real people, do you.
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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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you sure about that ? [/QUOTE]
Pretty sure!
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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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Ummm, the policy, and all of the ALP's assumptions, are based on bastardising Neg Gearing, in conjunction with CGT rules. ... do at least try to understand what it is you are going "Rrrrreeeee!!!" about Now you can apologise to macca as well.
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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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Please NEVER try saying that to any half intelligent person who has any kind of interest in investing - they WILL slap you and laugh in your face. Seriously, how do people like you and Whale manage to dress and fed yourselves? You convince yourselves that the most stupid things are actually real, just because you say them over and over! I think CNNPT might even be getting upset ...
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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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I really don't care Whale, and I doubt that anyone else does either. ... but if you do, and that would surprise everyone (inheritance?) maybe we can take some bets on how long you will keep it under an ALP government ...
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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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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: Online Points: 11301 |
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How can you be so wrong,and be adamant that you're right? Here's a simple test for our resident finger painter. You have a property worth $1M today In ten years time at an annual capital appreciation of 2.5% what is the property worth? How much did you lose? You've clearly never run any sensitivity analysis on any investment decisions In your life..... If you don't know how to do it, try Google if the nurses are too busy.. . |
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Whale
Champion Joined: 01 Jun 2009 Location: St Kilda Beach Status: Offline Points: 38719 |
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[
I really don't care Whale, and I doubt that anyone else does either. ... but if you do, and that would surprise everyone (inheritance?) maybe we can take some bets on how long you will keep it under an ALP government ... [/QUOTE]]But, but you do care ke 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. Stop lying Doc
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Let's use the ALP's best scenario model. 2% immediate capital reduction and the 0.49% p.a. reduction in annual capital appreciation. As opposed to $1 million appreciating at 2.5% p.a. Loss is "only" $84,000, or about 5 years of aged pension liability for Now let's assume that they are true to form, and their assumptions are not quite right. Say a more realistic 5% drop, and a reduction of 1.3% Loss is "only" $210,000 or about 13 years of aged pension liability for ... and if the impact is much worse, say 10% and 2.5% Loss is "only" $380,000 or about 23 years of aged pension liability for
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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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But, but you do care ke 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. Stop lying Doc [/QUOTE]
Ok, I care
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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: Online Points: 11301 |
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No dummy, no cheating Do the quiz, or admit you don't understand how it works. |
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Online Points: 11301 |
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No dummy, no cheating Do the quiz, or admit you don't understand how it works. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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btw rusty, if you were only expecting 2.5% growth over 10 years for a residential real estate asset, you would be far better off selling it and renting and investing something else.No capital city in Australia has had an average 10 year return that poor (Perth and Darwin will go close) ... which of course, you don't know, because ... you don't know.
Anyway, thanks again for confirming my point. Hope you clowns are learning something, you would never be able to afford to pay for this kind of advice.
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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: Online Points: 11301 |
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Just say you don't understand how to do it.
It's quite clear by your responses,that you have no understanding of the concept. |
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Dr E
Champion Joined: 05 Feb 2013 Location: Australia Status: Offline Points: 28563 |
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Your stubornnes is elite rusty, as is your stupidity.
A house is not an asset - hands up those with a house who agree! When an asset's growth rate is artificially diminished, it does not cause a loss. Property appreciates at a rate of 2.5% p.a. - maybe where you live! |
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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: Offline Points: 36895 |
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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.
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Refer ALP Election Promises
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oneonesit
Champion Joined: 06 Aug 2012 Status: Offline Points: 36895 |
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Also think that "upto 2%" is a load of crock. I reckon around Sydney their has already been a minimum correction of 5% over the past 18mths. At least that again over the nest 12 mths I believe WITHOUT the ALPs planned changes. God knows how far it will drop when that happens
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Refer ALP Election Promises
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Online Points: 11301 |
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I deliberately chose a very low compounding rate to demonstrate that even at these levels,you're still making a profit. But if you had any understanding, you would have realised that. Any luck doing the calcs? Is it becsuse you can't do the simple math, or you did and you realise it nullifies your argument? |
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oneonesit
Champion Joined: 06 Aug 2012 Status: Offline Points: 36895 |
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Refer ALP Election Promises
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rusty nails
Champion Joined: 20 Mar 2013 Location: Sydney Status: Online Points: 11301 |
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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 |
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