Australian Politics Forum - Sydney property price collapse has started

Bobby.

Gold Member

Online

Australian Politics

Posts: 106925
Melbourne
Gender: male

Re: Sydney property price collapse has started
Reply #45 - Oct 18^th, 2015 at 8:29pm

Johnsmith wrote on 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

It only hasn't crashed before now because the Govts. & the banks
have artificially propped it up.

In future - listen to sir Nail.

Back to top

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30101
Gender: male

Re: Sydney property price collapse has started
Reply #46 - Oct 18^th, 2015 at 8:45pm

Johnsmith wrote on 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.

If a major bank is predicting a 7.5% fall you can bet that is a conservative estimate and they know something that you don't. None of this bullshit about prices plateauing and then later going up again that the real estate scumbags always parrot.

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:	Re: Sydney property price collapse has started Reply #47 - Oct 18^th, 2015 at 9:07pm the same banks that spent millions on preventing the Y2K bug perchance?
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

Lisa Jones

Gold Member

Offline

Australian Politics

Posts: 39047
Sydney
Gender: female

Re: Sydney property price collapse has started
Reply #48 - Oct 18^th, 2015 at 9:34pm

Johnsmith wrote on 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.

100% correct!

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

innocentbystander. Gold Member Offline Australian Politics Posts: 4723 Gender:	Re: Sydney property price collapse has started Reply #49 - Oct 18^th, 2015 at 9:46pm Bobby. wrote on Oct 18^th, 2015 at 8:29pm: It only hasn't crashed before now because the Govts. & the banks have artificially propped it up. And they will continue to prop it up at any cost, Western civilization depends on it, the pyramid scheme must go on.
Back to top	IP Logged

Wolseley

Gold Member

Offline

Australian Politics

Posts: 1453
Sydney
Gender: male

Re: Sydney property price collapse has started
Reply #50 - Oct 19^th, 2015 at 12:07am

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

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

Exactly. It is just a market correction, bringing prices that rose a bit too quickly back to a more realistic figure. At 15%, you're still in front. Nobody with a reasonable amount of intelligence would call a 5% drop in these circumstances a crash.

Back to top

IP Logged

Unforgiven Gold Member Offline I have sinned Posts: 8879 Gender:	Re: Sydney property price collapse has started Reply #51 - Oct 19^th, 2015 at 1:02am Australians are going to be stuck with BV bangers of houses as the modern trend is towards smaller and more comfortable homes and apartments. Who needs 1000 square metre of land to be happy. The stock of big houses will drop sharply as people discover that a big house is a big pain in the butt.
Back to top	“I’ll let you be in my dreams if I can be in yours” Bob Dylan IP Logged

Bobby.

Gold Member

Online

Australian Politics

Posts: 106925
Melbourne
Gender: male

Re: Sydney property price collapse has started
Reply #52 - Oct 19^th, 2015 at 6:34am

Unforgiven wrote on Oct 19^th, 2015 at 1:02am:

Australians are going to be stuck with BV bangers of houses as the modern trend is towards smaller and more comfortable homes and apartments.

Who needs 1000 square metre of land to be happy.

The stock of big houses will drop sharply as people discover that a big house is a big pain in the butt.

And a large house can cost a fortune in council rates.

Back to top

IP Logged

Bobby.

Gold Member

Online

Australian Politics

Posts: 106925
Melbourne
Gender: male

Re: Sydney property price collapse has started
Reply #53 - Oct 19^th, 2015 at 6:34am

innocentbystander. wrote on Oct 18^th, 2015 at 9:46pm:

Bobby. wrote on Oct 18^th, 2015 at 8:29pm:

It only hasn't crashed before now because the Govts. & the banks
have artificially propped it up.

And they will continue to prop it up at any cost, Western civilization depends on it, the pyramid scheme must go on. Cheesy

All pyramid schemes collapse in the end.

Back to top

IP Logged

Wolseley Gold Member Offline Australian Politics Posts: 1453 Sydney Gender:	Re: Sydney property price collapse has started Reply #54 - Oct 19^th, 2015 at 9:47am Unforgiven wrote on Oct 19^th, 2015 at 1:02am: Who needs 1000 square metre of land to be happy. Depending on what you want from your property, yes. About 720 square metres is enough.
Back to top	IP Logged

lee Gold Member Online Australian Politics Posts: 18008 Gender:	Re: Sydney property price collapse has started Reply #55 - Oct 19^th, 2015 at 10:13am I am glad I live in the country, with a quarter acre block. Fruit trees, chooks, 10m x 4m shed with woodworking and metalworking equipment.
Back to top	IP Logged

Unforgiven

Gold Member

Offline

I have sinned

Posts: 8879
Gender: male

Re: Sydney property price collapse has started
Reply #56 - Oct 19^th, 2015 at 10:43am

lee wrote on Oct 19^th, 2015 at 10:13am:

I am glad I live in the country, with a quarter acre block. Fruit trees, chooks, 10m x 4m shed with woodworking and metalworking equipment.

Confession?

You can't afford a real life? Real people don't do metal working, wood working, chooks and fruit trees. They have something called money which precludes the need for those bucolic activities.

You are stuck in the 1920s.

Back to top

“I’ll let you be in my dreams if I can be in yours” Bob Dylan

IP Logged

Sir lastnail

Gold Member

Offline

Australian Politics

Posts: 30101
Gender: male

Re: Sydney property price collapse has started
Reply #57 - Oct 19^th, 2015 at 10:47am

Unforgiven wrote on Oct 19^th, 2015 at 10:43am:

lee wrote on Oct 19^th, 2015 at 10:13am:

I am glad I live in the country, with a quarter acre block. Fruit trees, chooks, 10m x 4m shed with woodworking and metalworking equipment.

Confession?

You can't afford a real life? Real people don't do metal working, wood working, chooks and fruit trees. They have something called money which precludes the need for those bucolic activities.

You are stuck in the 1920s.

Yeh but those without the backshed and tools are usually bored shitless with nothing to do 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

lee Gold Member Online Australian Politics Posts: 18008 Gender:	Re: Sydney property price collapse has started Reply #58 - Oct 19^th, 2015 at 11:05am Sir lastnail wrote on Oct 19^th, 2015 at 10:47am: Yeh but those without the backshed and tools are usually bored shitless with nothing to do They can always watch reality TV.
Back to top	IP Logged

mariacostel

Gold Member

Offline

Australian Politics

Posts: 7344
Sydney
Gender: female

Re: Sydney property price collapse has started
Reply #59 - Oct 19^th, 2015 at 11:43am

lee wrote on Oct 19^th, 2015 at 10:13am:

I am glad I live in the country, with a quarter acre block. Fruit trees, chooks, 10m x 4m shed with woodworking and metalworking equipment.

Some days that sounds very tempting (apart from the chooks!). Our house is valued at $2.2M apparently but some days I'd rather be in the country.

Back to top

IP Logged