Australian Politics Forum - Sydney property price collapse has started

Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Sydney property price collapse has started Reply #15 - Oct 16^th, 2015 at 1:13pm Who crashed the economy? Despite Australia’s over-reliance on China, it is actually our property bubble that poses the bigger risk to the economy, according to a Bank of America Merrill Lynch economist. http://www.whocrashedtheeconomy.com/
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lee Gold Member Offline Australian Politics Posts: 17995 Gender:	Re: Sydney property price collapse has started Reply #16 - Oct 16^th, 2015 at 2:04pm Ex Dame Pansi wrote on Oct 16^th, 2015 at 1:13pm: it is actually our property bubble that poses the bigger risk to the economy, Isn't it a pity he didn't quantify it.
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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: Sydney property price collapse has started Reply #17 - Oct 16^th, 2015 at 2:05pm lee wrote on Oct 16^th, 2015 at 2:04pm: Ex Dame Pansi wrote on Oct 16^th, 2015 at 1:13pm: it is actually our property bubble that poses the bigger risk to the economy, Isn't it a pity he didn't quantify it. Or qualify it .....
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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Sydney property price collapse has started Reply #18 - Oct 16^th, 2015 at 2:14pm I'm going to be so laughing at you guys when the sh1t hits the fan.....and it will.
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lee Gold Member Offline Australian Politics Posts: 17995 Gender:	Re: Sydney property price collapse has started Reply #19 - Oct 16^th, 2015 at 2:15pm Ex Dame Pansi wrote on Oct 16^th, 2015 at 2:14pm: I'm going to be so laughing at you guys when the sh1t hits the fan.....and it will. Why, I wouldn't live in Sydney if you paid me Bill Shorten's salary. My house is conservatively estimated as worth $80k.
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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: Sydney property price collapse has started Reply #20 - Oct 16^th, 2015 at 2:23pm Ex Dame Pansi wrote on Oct 16^th, 2015 at 2:14pm: I'm going to be so laughing at you guys when the sh1t hits the fan.....and it will. Just keep paying your weekly rent because that is what keeps us landlords happy.
Back to top	If I let myself be bought then I am no longer free. HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415) IP Logged

Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: Sydney property price collapse has started Reply #21 - Oct 16^th, 2015 at 2:23pm lee wrote on Oct 16^th, 2015 at 2:15pm: Ex Dame Pansi wrote on Oct 16^th, 2015 at 2:14pm: I'm going to be so laughing at you guys when the sh1t hits the fan.....and it will. Why, I wouldn't live in Sydney if you paid me Bill Shorten's salary. My house is conservatively estimated as worth $80k.
Back to top	If I let myself be bought then I am no longer free. HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415) IP Logged

red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: Sydney property price collapse has started Reply #22 - Oct 16^th, 2015 at 2:28pm Overpriced, unsustainable and over here.....Sydney prices as I have said over and over add infinitum cannot be supported. When they crash and they will, there will be blood, lots of it.
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lee Gold Member Offline Australian Politics Posts: 17995 Gender:	Re: Sydney property price collapse has started Reply #23 - Oct 16^th, 2015 at 2:30pm red baron wrote on Oct 16^th, 2015 at 2:28pm: When they crash and they will, there will be blood, lots of it. Define "crash" please. Over 10%?
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Johnsmith

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Re: Sydney property price collapse has started
Reply #24 - Oct 16^th, 2015 at 2:43pm

Sir lastnail wrote on Oct 16^th, 2015 at 12:39pm:

Yes I have and each time property prices started heading south in stepped the government to kick the can down the road once again. This time I think they have run out of cans because they could only afford to do this whilst revenue from the proceeds of the mining boom was good.

you've done nothing of the sort ... you predicted a crash last year, what can was kicked? you predicted a crash the year prior, what can was kicked then?

I used to know a dopey woman like you, she believed some long buried church in Europe would rise from the ground all by itself, and thus announce the second coming of Christ ... when asked when it would happen she kept saying maybe next year .... she started making these claims 30 years ago and she's still waiting. You're the same as her.

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When politicians offer you something for nothing, or something that sounds too good to be true, it's always worth taking a careful second look.
(Malcolm Turncoat)

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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: Sydney property price collapse has started Reply #25 - Oct 16^th, 2015 at 2:48pm Do you consider a crash a 5% drop in a property priced at$1,500,000 a fairly regular price for a 2 bedroom sh.tbox in Marrickville Sydney at a $75,000 loss - a crash?. How would that sort of drop affect your bottom line? Think I'd call that a crash unless I was Daddy Warbucks
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Ex Dame Pansi

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Re: Sydney property price collapse has started
Reply #26 - Oct 16^th, 2015 at 2:54pm

The RBA just announced that they've discovered that our lending practices were dubious.

Now when the proverbial happens, they can say.....we talked about this.

maria, what did your wife say about this.....we won't have a sub prime crises like the USA?

This is going to be huge.

When the RBA and the banks start panicking, watch out.

BOOM BOOM BANG CRASH!!!!!!

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Ex Dame Pansi

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Re: Sydney property price collapse has started
Reply #27 - Oct 16^th, 2015 at 2:58pm

Lisa Jones wrote on Oct 16^th, 2015 at 2:23pm:

Ex Dame Pansi wrote on Oct 16^th, 2015 at 2:14pm:

I'm going to be so laughing at you guys when the sh1t hits the fan.....and it will.

Just keep paying your weekly rent because that is what keeps us landlords happy.

Us landlords will be jumping off tall buildings next year Cry

Oh well! nothing lasts forever, especially not housing bubbles.

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Lisa Jones

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Re: Sydney property price collapse has started
Reply #28 - Oct 16^th, 2015 at 3:08pm

Ex Dame Pansi wrote on Oct 16^th, 2015 at 2:58pm:

Lisa Jones wrote on Oct 16^th, 2015 at 2:23pm:

Ex Dame Pansi wrote on Oct 16^th, 2015 at 2:14pm:

I'm going to be so laughing at you guys when the sh1t hits the fan.....and it will.

Just keep paying your weekly rent because that is what keeps us landlords happy.

Us landlords will be jumping off tall buildings next year Cry

Oh well! nothing lasts forever, especially not housing bubbles.

Us landlords actually FULLY OWN our homes outright....and now, so do all our children.

How? Thanks to renters like you!

Grin

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Comment New Member Offline Australian Politics Posts: 21 Orstralia Gender:	Re: Sydney property price collapse has started Reply #29 - Oct 16^th, 2015 at 3:31pm Lisa Jones wrote on Oct 16^th, 2015 at 3:08pm: Us landlords actually FULLY OWN our homes outright....and now, so do all our children.How? Thanks to renters like you! Is this woman the biggest liar on the forum? Fair dinkum she just cant help herself! "Bloody Laughable" the crap she comes out with
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