Australian Politics Forum - We owe $4.8 trillion

Bobby.

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Re: We owe $4.8 trillion
Reply #210 - Jan 7^th, 2013 at 7:54pm

gold_medal wrote on Jan 7^th, 2013 at 7:39pm:

Bobby. wrote on Jan 7^th, 2013 at 6:12pm:

gold_medal wrote on Jan 7^th, 2013 at 4:46pm:

Bobby. wrote on Jan 4^th, 2013 at 11:18pm:

Nail
Quote:

and which bigger fool values the assets ??

and is that before or after a housing crash ??

Hear hear Nail,
& who's the one always giving advice to buy property? -

none other than Longloser

who like so many others on here own a house while stupid-nail is living in a a rented single room. his way of doing things certainly looks SO MUCH BETTER than owning a house that is worth more every year!

Longweekend,
If some people has followed your insane financial advice they could have lost
as much as 40% of the capital value of their new home.

You live a life of fantasy where you can't ever lose.

forgiven

namaste

well given that house prices in general have never dropped by anywhere near that amount your posts is like so much else that you write: crap. 100% with extra crunchy bits.

you and SOB should bunk together. share your single brain cell. you really are a very stupid person booby.

Longweekend,
many places have gone down 40% in value.

You are forgiven for your lies & abuse.

namaste.

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Sir lastnail

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Re: We owe $4.8 trillion
Reply #211 - Jan 7^th, 2013 at 8:01pm

gold_medal wrote on Jan 7^th, 2013 at 7:42pm:

Sir lastnail wrote on Jan 7^th, 2013 at 6:15pm:

gold_medal wrote on Jan 7^th, 2013 at 4:46pm:

Bobby. wrote on Jan 4^th, 2013 at 11:18pm:

Nail
Quote:

and which bigger fool values the assets ??

and is that before or after a housing crash ??

Hear hear Nail,
& who's the one always giving advice to buy property? -

none other than Longloser

who like so many others on here own a house while stupid-nail is living in a a rented single room. his way of doing things certainly looks SO MUCH BETTER than owning a house that is wroth more every year!

lots of people rent idiot. It's only a big deal to you because that's all you have to show for yourself after 60 years of failed business ventures. Other people like Warren buffet moved on from owning his own house years ago. In fact it's a very mediocre house from what I heard because he found some much better and bigger investments to chase such as the Chinese BYD hybrid/electric car company Wink

yeah because you and warren buffet share so much in common!!!!!! firstly he OWNS a house and you don't, mediocre or not. Secondly he is an unparalleled success in the field you so decry - investing.

and you live in a single room mocking all the people who were 'stupid' enough to buy homes they have now almost paid off and worth 5-15 times what they paid for it.

you really are a stupid person.

but he doesn't pull himself over the one house that he owns and he prefers to invest hundreds of millions in electric car companies that you say have no future. That says plenty about the difference between him and you Wink

The truth of the matter is that you're a failed businessman who can't get your act together and the only thing you have to show for yourself after all of this time is some old dump whose value has been overinflated by a housing debt bubble that you had no control over.

In fact 1.3 trillion worth of dubious housing loans just so you can pull yourself over its supposed value. And what did Australia get for all of this 1.3 trillion in housing debt ? Not even one home grown car manufacturer Sad

You should be proud of that longloser Grin

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« Last Edit: Jan 7^th, 2013 at 8:10pm by Sir lastnail »

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Sir lastnail

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Re: We owe $4.8 trillion
Reply #212 - Jan 7^th, 2013 at 8:03pm

Bobby. wrote on Jan 7^th, 2013 at 7:54pm:

gold_medal wrote on Jan 7^th, 2013 at 7:39pm:

Bobby. wrote on Jan 7^th, 2013 at 6:12pm:

gold_medal wrote on Jan 7^th, 2013 at 4:46pm:

Bobby. wrote on Jan 4^th, 2013 at 11:18pm:

Nail
Quote:

and which bigger fool values the assets ??

and is that before or after a housing crash ??

Hear hear Nail,
& who's the one always giving advice to buy property? -

none other than Longloser

who like so many others on here own a house while stupid-nail is living in a a rented single room. his way of doing things certainly looks SO MUCH BETTER than owning a house that is worth more every year!

Longweekend,
If some people has followed your insane financial advice they could have lost
as much as 40% of the capital value of their new home.

You live a life of fantasy where you can't ever lose.

forgiven

namaste

well given that house prices in general have never dropped by anywhere near that amount your posts is like so much else that you write: crap. 100% with extra crunchy bits.

you and SOB should bunk together. share your single brain cell. you really are a very stupid person booby.

Longweekend,
many places have gone down 40% in value.

You are forgiven for your lies & abuse.

namaste.

Like all of his arguments he always ignores the data that doesn't suit his arguments. He prefers to salivate over some median house price bullshit statistics which are totally meaningless and are as a result of a distorted price bubble based on 1.3 trillion dollars worth of housing debt Sad

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« Last Edit: Jan 7^th, 2013 at 8:12pm by Sir lastnail »

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Sir lastnail

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Re: We owe $4.8 trillion
Reply #213 - Jan 7^th, 2013 at 8:33pm

gold_medal wrote on Jan 7^th, 2013 at 7:46pm:

Ex Dame Pansi wrote on Jan 7^th, 2013 at 6:19pm:

gold_medal wrote on Jan 7^th, 2013 at 4:46pm:

Bobby. wrote on Jan 4^th, 2013 at 11:18pm:

Nail
Quote:

and which bigger fool values the assets ??

and is that before or after a housing crash ??

Hear hear Nail,
& who's the one always giving advice to buy property? -

none other than Longloser

who like so many others on here own a house while stupid-nail is living in a a rented single room. his way of doing things certainly looks SO MUCH BETTER than owning a house that is wroth more every year!

I thought you said you mortgaged your house to buy a business. If that's the case, you hardly own it.

It's cheaper to rent than buy, and by saving the difference over the years, you could almost buy cash instead of paying all those many thousands in interest.

I wonder who thinks that house prices will double in the next seven years. Isn't that the RE mantra?

just when I thought that renter-nail had the dumb comment of the thread you come up with thei whopper of abject stupidity. Proving the inadequacye of your argument is childsplay.

renting at $300/mth means $1200/mth whiole a mortagage might be twice that $2400.
but in 8 years. the mortgage will still be $2400 while rent will have double in line with CPI. IN the meantime the $500,000 you spent on your house has now increased in value to $750,000/

and from that point on there are no savings to be had at all. yoru rent is more than the mortgage.

It was a silly silly comment.

your flawed assumption is based on totally unrealistic house prices in a property bubble. Australia has the highest house price to income ratio in the western world !! What is that telling you ? Bubble bubble toil and trouble !!

Did anyone watch the start of the mining doco on SBS last night. Poseidon shares went up to a staggering $280 before they collapsed. The point is there would have been plenty of johnny come lately dickheads like longloser telling everyone to buy Poseidon because they were cheap and you couldn't lose because the price would never go down !! Of course, bubbles never burst in Australia do they Grin

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby. Gold Member Offline Australian Politics Posts: 104688 Melbourne Gender:	Re: We owe $4.8 trillion Reply #214 - Jan 7^th, 2013 at 9:09pm Nail, Quote: Like all of his arguments he always ignores the data that doesn't suit his arguments. Yes Nail, telling people to invest in property is OK if the bet wins but if it doesn't it's the easiest way to lose friends. It makes you wonder if Longy has any friends left?
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John Smith

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Re: We owe $4.8 trillion
Reply #215 - Jan 7^th, 2013 at 9:49pm

http://au.news.yahoo.com/today-tonight/consumer/article/-/15778049/housing-price...

something to think about .... I hate myself for doing it, but I'm going to agree with Longlooser ... rent a house for 40 yrs and at the end of that 40 yrs you've got nothing except maybe an eviction notice when the pension doesn't cover the rent .... buy a house today at $500 000 and in 40 yrs you'll have something ... no matter what happens in the meantime, property values crash etc, long term you cannot loose.

My day bought a house 40 yrs ago for $15 000 ... same house is now worth approx. $300 000 .... in the meantime whoever was paying rent for 40yrs paid off dads mortgage.

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Sir lastnail

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Re: We owe $4.8 trillion
Reply #216 - Jan 7^th, 2013 at 9:51pm

Bobby. wrote on Jan 7^th, 2013 at 9:09pm:

Nail, Quote:

Like all of his arguments he always ignores the data that doesn't suit his arguments.

Yes Nail,
telling people to invest in property is OK if the bet wins but
if it doesn't it's the easiest way to lose friends.

It makes you wonder if Longy has any friends left?

Even house prices are falling in china but they never fall in Australia according to longloser Grin

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Sir lastnail

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Re: We owe $4.8 trillion
Reply #217 - Jan 7^th, 2013 at 10:00pm

John Smith wrote on Jan 7^th, 2013 at 9:49pm:

http://au.news.yahoo.com/today-tonight/consumer/article/-/15778049/housing-price...

something to think about .... I hate myself for doing it, but I'm going to agree with Longlooser ... rent a house for 40 yrs and at the end of that 40 yrs you've got nothing except maybe an eviction notice when the pension doesn't cover the rent .... buy a house today at $500 000 and in 40 yrs you'll have something ... no matter what happens in the meantime, property values crash etc, long term you cannot loose.

My day bought a house 40 yrs ago for $15 000 ... same house is now worth approx. $300 000 .... in the meantime whoever was paying rent for 40yrs paid off dads mortgage.

You should never buy in a bubble or when prices are being manipulated by government intervention. It's the quickest way to do your doh Sad

If you have a sizable deposit, just sit tight and wait for the bubble to burst then you could save 100's of thousands Wink

Australian property bubble verses Ireland property bubble. It couldn't burst in Ireland but it did !!

this should throw some light on it. The dude on the left sounds exactly like longloser Wink

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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John Smith

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Re: We owe $4.8 trillion
Reply #218 - Jan 7^th, 2013 at 10:12pm

Sir lastnail wrote on Jan 7^th, 2013 at 10:00pm:

John Smith wrote on Jan 7^th, 2013 at 9:49pm:

http://au.news.yahoo.com/today-tonight/consumer/article/-/15778049/housing-price...

something to think about .... I hate myself for doing it, but I'm going to agree with Longlooser ... rent a house for 40 yrs and at the end of that 40 yrs you've got nothing except maybe an eviction notice when the pension doesn't cover the rent .... buy a house today at $500 000 and in 40 yrs you'll have something ... no matter what happens in the meantime, property values crash etc, long term you cannot loose.

My day bought a house 40 yrs ago for $15 000 ... same house is now worth approx. $300 000 .... in the meantime whoever was paying rent for 40yrs paid off dads mortgage.

You should never buy in a bubble or when prices are being manipulated by government intervention. It's the quickest way to do your doh Sad

If you have a sizable deposit, just sit tight and wait for the bubble to burst then you could save 100's of thousands Wink

Australian property bubble verses Ireland property bubble. It couldn't burst in Ireland but it did !!

this should throw some light on it. The dude on the left sounds exactly like longloser Wink

but were not in a bubble ... if anything prices are moving or about to move North again. ... The biggest pressure on property prices in Australia is simply demand. Lots of people have put off buying for the last couple of years but they won't put it off indefinitely . They will all be looking to buy and if prices have already started moving north, then a lot of them will jump on thinking the southward journey is over, pushing prices up even more.

People have been citing this property bubble bursting for decades ... it just won't happen

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Bobby.

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Re: We owe $4.8 trillion
Reply #219 - Jan 7^th, 2013 at 10:16pm

John Smith wrote on Jan 7^th, 2013 at 9:49pm:

http://au.news.yahoo.com/today-tonight/consumer/article/-/15778049/housing-price...

something to think about .... I hate myself for doing it, but I'm going to agree with Longlooser ... rent a house for 40 yrs and at the end of that 40 yrs you've got nothing except maybe an eviction notice when the pension doesn't cover the rent .... buy a house today at $500 000 and in 40 yrs you'll have something ... no matter what happens in the meantime, property values crash etc, long term you cannot loose.

My day bought a house 40 yrs ago for $15 000 ... same house is now worth approx. $300 000 .... in the meantime whoever was paying rent for 40yrs paid off dads mortgage.

Sure - I bought my own place & it's nice now not to have to pay rent or a mortgage.
Still - I know of others who haven't & have done very well by investing money in other ways.

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Sir lastnail

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Re: We owe $4.8 trillion
Reply #220 - Jan 7^th, 2013 at 10:18pm

John Smith wrote on Jan 7^th, 2013 at 10:12pm:

Sir lastnail wrote on Jan 7^th, 2013 at 10:00pm:

John Smith wrote on Jan 7^th, 2013 at 9:49pm:

http://au.news.yahoo.com/today-tonight/consumer/article/-/15778049/housing-price...

something to think about .... I hate myself for doing it, but I'm going to agree with Longlooser ... rent a house for 40 yrs and at the end of that 40 yrs you've got nothing except maybe an eviction notice when the pension doesn't cover the rent .... buy a house today at $500 000 and in 40 yrs you'll have something ... no matter what happens in the meantime, property values crash etc, long term you cannot loose.

My day bought a house 40 yrs ago for $15 000 ... same house is now worth approx. $300 000 .... in the meantime whoever was paying rent for 40yrs paid off dads mortgage.

You should never buy in a bubble or when prices are being manipulated by government intervention. It's the quickest way to do your doh Sad

If you have a sizable deposit, just sit tight and wait for the bubble to burst then you could save 100's of thousands Wink

Australian property bubble verses Ireland property bubble. It couldn't burst in Ireland but it did !!

this should throw some light on it. The dude on the left sounds exactly like longloser Wink

but were not in a bubble ... if anything prices are moving or about to move North again. ... The biggest pressure on property prices in Australia is simply demand. Lots of people have put off buying for the last couple of years but they won't put it off indefinitely . They will all be looking to buy and if prices have already started moving north, then a lot of them will jump on thinking the southward journey is over, pushing prices up even more.

People have been citing this property bubble bursting for decades ... it just won't happen

The same people said there was no property bubble in Ireland Wink

If you think there is no bubble why aren't you out there buying up properties ?? Surely you can't lose ?

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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John Smith

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Re: We owe $4.8 trillion
Reply #221 - Jan 7^th, 2013 at 10:21pm

Sir lastnail wrote on Jan 7^th, 2013 at 10:18pm:

John Smith wrote on Jan 7^th, 2013 at 10:12pm:

Sir lastnail wrote on Jan 7^th, 2013 at 10:00pm:

John Smith wrote on Jan 7^th, 2013 at 9:49pm:

http://au.news.yahoo.com/today-tonight/consumer/article/-/15778049/housing-price...

something to think about .... I hate myself for doing it, but I'm going to agree with Longlooser ... rent a house for 40 yrs and at the end of that 40 yrs you've got nothing except maybe an eviction notice when the pension doesn't cover the rent .... buy a house today at $500 000 and in 40 yrs you'll have something ... no matter what happens in the meantime, property values crash etc, long term you cannot loose.

My day bought a house 40 yrs ago for $15 000 ... same house is now worth approx. $300 000 .... in the meantime whoever was paying rent for 40yrs paid off dads mortgage.

You should never buy in a bubble or when prices are being manipulated by government intervention. It's the quickest way to do your doh Sad

If you have a sizable deposit, just sit tight and wait for the bubble to burst then you could save 100's of thousands Wink

Australian property bubble verses Ireland property bubble. It couldn't burst in Ireland but it did !!

this should throw some light on it. The dude on the left sounds exactly like longloser Wink

but were not in a bubble ... if anything prices are moving or about to move North again. ... The biggest pressure on property prices in Australia is simply demand. Lots of people have put off buying for the last couple of years but they won't put it off indefinitely . They will all be looking to buy and if prices have already started moving north, then a lot of them will jump on thinking the southward journey is over, pushing prices up even more.

People have been citing this property bubble bursting for decades ... it just won't happen

The same people said there was no property bubble in Ireland Wink

What same people? I said it won't burst and I've never commented on Irelands property market . I'm not saying it won't have hiccups along the way ... my own place dropped in value by about 20% ... but I'll more than make that up before I sell it again ... it's only a loss if you have to sell, and long term you just will not loose.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Sir lastnail

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Re: We owe $4.8 trillion
Reply #222 - Jan 7^th, 2013 at 10:29pm

John Smith wrote on Jan 7^th, 2013 at 10:21pm:

What same people? I said it won't burst and I've never commented on Irelands property market . I'm not saying it won't have hiccups along the way ... my own place dropped in value by about 20% ... but I'll more than make that up before I sell it again ... it's only a loss if you have to sell, and long term you just will not loose.

the one's like yourself who said the bubble will never burst. They were also in Ireland telling everyone that the Ireland bubble could never burst but guess what ? Contrary to expert opinions it did. Not only did it burst but it wrecked their economy. In fact everywhere property bubbles have burst it has wrecked the economies in those countries Sad

Just look at the US and Spain. What about japan in 90's ?

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John Smith

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Re: We owe $4.8 trillion
Reply #223 - Jan 7^th, 2013 at 10:29pm

Bobby. wrote on Jan 7^th, 2013 at 10:16pm:

John Smith wrote on Jan 7^th, 2013 at 9:49pm:

http://au.news.yahoo.com/today-tonight/consumer/article/-/15778049/housing-price...

something to think about .... I hate myself for doing it, but I'm going to agree with Longlooser ... rent a house for 40 yrs and at the end of that 40 yrs you've got nothing except maybe an eviction notice when the pension doesn't cover the rent .... buy a house today at $500 000 and in 40 yrs you'll have something ... no matter what happens in the meantime, property values crash etc, long term you cannot loose.

My day bought a house 40 yrs ago for $15 000 ... same house is now worth approx. $300 000 .... in the meantime whoever was paying rent for 40yrs paid off dads mortgage.

Sure - I bought my own place & it's nice now not to have to pay rent or a mortgage.
Still - I know of others who haven't & have done very well by investing money in other ways.

sure, some can do very well if they are smart enough, but they tend to be the exception and not the rule ... I actually work in the property market and a good deal of tenants move to cheaper premises as soon as they retire, not by choice, but more out of necessity.

Especially so where I am on the gold coast .. highest rent in Qld ... how can a retired person pay in excess of $400 week in rent indefinitely? Even those with a sizable super payout get scared when they start to think their payout may have to sustain them for possibly 20 to 30 yrs, and they move to a cheaper area because they decide they cannot afford to take the risk .

Why do you think we have these small towns in poo holes where no one wanted to go 20 yrs ago, suddenly full of retired people? Don't believe the hype it's not the lifestyle .. it's the cheaper rent that attracts them

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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John Smith

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Re: We owe $4.8 trillion
Reply #224 - Jan 7^th, 2013 at 10:31pm

Sir lastnail wrote on Jan 7^th, 2013 at 10:29pm:

John Smith wrote on Jan 7^th, 2013 at 10:21pm:

What same people? I said it won't burst and I've never commented on Irelands property market . I'm not saying it won't have hiccups along the way ... my own place dropped in value by about 20% ... but I'll more than make that up before I sell it again ... it's only a loss if you have to sell, and long term you just will not loose.

the one's like yourself who said the bubble will never burst. They were also in Ireland telling everyone that the Ireland bubble could never burst but guess what ? Contrary to expert opinions it did. Not only did it burst but it wrecked their economy. In fact everywhere property bubbles have burst it has wrecked the economies in those countries Sad

Just look at the US and Spain. What about japan in 90's ?

Irelands a totally different market and unless your familiar with it you probably shouldn't try to compare it to ours. I stand by my opinion that long term you will not loose.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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