Australian Politics Forum - Sydney property price collapse has started

Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: Sydney property price collapse has started Reply #30 - Oct 16^th, 2015 at 3:49pm Hmmmm another previously banned multi.....interesting.
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

Johnsmith

Gold Member

Offline

Australian Politics

Posts: 4716
Gender: male

Re: Sydney property price collapse has started
Reply #31 - Oct 16^th, 2015 at 3:54pm

red baron wrote on 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

5% isn't a crash, it's not even a hiccup. Sydney prices went up 20% in the last 12 months alone.

Back to top

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)

IP Logged

Ex Dame Pansi

Gold Member

Offline

Australian Politics

Posts: 24168

Re: Sydney property price collapse has started
Reply #32 - Oct 16^th, 2015 at 4:47pm

Comment wrote on 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 Grin

Just humour her.

She's harmless these days.

Back to top

"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.....

IP Logged

Redmond Neck Gold Member Offline OzPolitic Posts: 21700 ACT Gender:	Re: Sydney property price collapse has started Reply #33 - Oct 17^th, 2015 at 8:56am . bump
Back to top	BAN ALL THESE ABO SITES RECOGNITIONS. ALL AUSTRALIA IS FOR ALL AUSTRALIANS! IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30101
Gender: male

Re: Sydney property price collapse has started
Reply #34 - Oct 17^th, 2015 at 10:07am

Ex Dame Pansi wrote on Oct 16^th, 2015 at 4:47pm:

Comment wrote on 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 Grin

Just humour her.

She's harmless these days.

I suspect they have broadband in most nursing homes these days Wink

Back to top

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

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30101
Gender: male

Re: Sydney property price collapse has started
Reply #35 - Oct 17^th, 2015 at 10:10am

Johnsmith wrote on Oct 16^th, 2015 at 3:54pm:

red baron wrote on 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

5% isn't a crash, it's not even a hiccup. Sydney prices went up 20% in the last 12 months alone.

And so did the colossal amount of debt that everyone seems to want to ignore. Sooner or later the shylocks will want more than their pound of flesh Sad

Back to top

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

IP Logged

Johnsmith

Gold Member

Offline

Australian Politics

Posts: 4716
Gender: male

Re: Sydney property price collapse has started
Reply #36 - Oct 17^th, 2015 at 10:15am

Sir lastnail wrote on Oct 17^th, 2015 at 10:10am:

Johnsmith wrote on Oct 16^th, 2015 at 3:54pm:

red baron wrote on 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

5% isn't a crash, it's not even a hiccup. Sydney prices went up 20% in the last 12 months alone.

And so did the colossal amount of debt that everyone seems to want to ignore. Sooner or later the shylocks will want more than their pound of flesh Sad

keep dreaming nail.

Back to top

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)

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30101
Gender: male

Re: Sydney property price collapse has started
Reply #37 - Oct 17^th, 2015 at 10:29am

Johnsmith wrote on Oct 17^th, 2015 at 10:15am:

Sir lastnail wrote on Oct 17^th, 2015 at 10:10am:

Johnsmith wrote on Oct 16^th, 2015 at 3:54pm:

red baron wrote on 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

5% isn't a crash, it's not even a hiccup. Sydney prices went up 20% in the last 12 months alone.

And so did the colossal amount of debt that everyone seems to want to ignore. Sooner or later the shylocks will want more than their pound of flesh Sad

keep dreaming nail.

The elephant in the room is that number that you keep wanting to ignore. Surely you don't believe that rising house prices supported by a proportional increase in debt is sustainable indefinitely ?

Back to top

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

IP Logged

red baron

Gold Member

Offline

Australian Politics

Posts: 10204
Blue Mountains
Gender: male

Re: Sydney property price collapse has started
Reply #38 - Oct 18^th, 2015 at 5:21pm

As I have said months ago on this site, Sydney property prices are unsustainable.

Today (Sunday) clearance rates came in at 65.1% the lowest in 12 Years.

Punters are spooked by Westpac's rise in rates.

The upper hand is now in the buyer's.

Sydney prices are on the slide as the race to the bottom of the harbour begins in earnest. Watch the rats trying to bail out with their sh.tboxes that used to be worth money evaporating before their eyes.

Back to top

IP Logged

Aussie

Gold Member

Offline

OzPolitic

Posts: 38853
Gender: male

Re: Sydney property price collapse has started
Reply #39 - Oct 18^th, 2015 at 5:33pm

red baron wrote on Oct 18^th, 2015 at 5:21pm:

As I have said months ago on this site, Sydney property prices are unsustainable.

Today (Sunday) clearance rates came in at 65.1% the lowest in 12 Years.

Punters are spooked by Westpac's rise in rates.

The upper hand is now in the buyer's.

Sydney prices are on the slide as the race to the bottom of the harbour begins in earnest. Watch the rats trying to bail out with their sh.tboxes that used to be worth money evaporating before their eyes.

Yesterday's Bloomberg Report also supports that view and suggests interest rates will drop as a consequence. It also makes it quite plain that Government has a vested interest in prices not dropping, as the real estate market is about the only thing driving our economy's 'growth' at the moment.

Back to top

IP Logged

Ex Dame Pansi

Gold Member

Offline

Australian Politics

Posts: 24168

Re: Sydney property price collapse has started
Reply #40 - Oct 18^th, 2015 at 5:44pm

red baron wrote on Oct 18^th, 2015 at 5:21pm:

As I have said months ago on this site, Sydney property prices are unsustainable.

Today (Sunday) clearance rates came in at 65.1% the lowest in 12 Years.

Punters are spooked by Westpac's rise in rates.

The upper hand is now in the buyer's.

Sydney prices are on the slide as the race to the bottom of the harbour begins in earnest. Watch the rats trying to bail out with their sh.tboxes that used to be worth money evaporating before their eyes.

I don't feel sorry for the speculators and the mum and dad investors that flip houses for quick profit.

However, I feel sorry for young couples that borrowed substantial amounts of money at the peak, only to find out they will be paying a big slab of their wages for a property that is valued at so much less.

Of course in regional areas, the prices started falling maybe a year ago and I know people that are stuck with the mortgage for what is quickly becoming a white elephant.

Even if they sell at today's prices, they will owe the bank a lot of money.....for nothing.

Remember those lower wage earners that got a sub prime mortgage, they are totally stuffed.

*psst maria, the RBA said we have shonky lenders OMG!

Back to top

"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.....

IP Logged

Ex Dame Pansi

Gold Member

Offline

Australian Politics

Posts: 24168

Re: Sydney property price collapse has started
Reply #41 - Oct 18^th, 2015 at 5:46pm

Sir lastnail wrote on Oct 17^th, 2015 at 10:07am:

Ex Dame Pansi wrote on Oct 16^th, 2015 at 4:47pm:

Comment wrote on 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 Grin

Just humour her.

She's harmless these days.

I suspect they have broadband in most nursing homes these days Wink

.....you'd be lucky to get a nurse or a bed bath in most nursing homes these days

Back to top

"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.....

IP Logged

Johnsmith

Gold Member

Offline

Australian Politics

Posts: 4716
Gender: male

Re: Sydney property price collapse has started
Reply #42 - Oct 18^th, 2015 at 7:04pm

Sir lastnail wrote on Oct 17^th, 2015 at 10:29am:

Johnsmith wrote on Oct 17^th, 2015 at 10:15am:

Sir lastnail wrote on Oct 17^th, 2015 at 10:10am:

Johnsmith wrote on Oct 16^th, 2015 at 3:54pm:

red baron wrote on 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

5% isn't a crash, it's not even a hiccup. Sydney prices went up 20% in the last 12 months alone.

And so did the colossal amount of debt that everyone seems to want to ignore. Sooner or later the shylocks will want more than their pound of flesh Sad

keep dreaming nail.

The elephant in the room is that number that you keep wanting to ignore. Surely you don't believe that rising house prices supported by a proportional increase in debt is sustainable indefinitely ?

no, I believe that the market will adjust ... but that's a long way from the bubble burst you keep dreaming off.

Back to top

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)

IP Logged

Bobby.

Gold Member

Online

Australian Politics

Posts: 106775
Melbourne
Gender: male

Re: Sydney property price collapse has started
Reply #43 - Oct 18^th, 2015 at 8:25pm

Sir lastnail wrote on Oct 15^th, 2015 at 8:52am:

Johnsmith wrote on Oct 14^th, 2015 at 9:38pm:

you are cruel ...

nail will blow his load as soon as he reads your thread title ... he's been waiting for over a decade for this. Grin

Listen smithy the important thing is that I was always going to be proved right when I said that the longer the market is overheated the worse the crash will be Wink

Fancy the banks having 70% of their loan books in property !!

Dear sir Nail,
you are always right.

Back to top

IP Logged

Johnsmith Gold Member Offline Australian Politics Posts: 4716 Gender:	Re: Sydney property price collapse has started Reply #44 - Oct 18^th, 2015 at 8:26pm Bobby. wrote on Oct 18^th, 2015 at 8:25pm: Dear sir Nail, you are always right. really? how long has he been predicting a bubble burst? 10 yrs? 15? ... when was he right
Back to top	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) IP Logged