Australian Politics Forum - Sydney property price collapse has started

mariacostel

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Re: Sydney property price collapse has started
Reply #75 - Oct 19^th, 2015 at 4:05pm

Karnal wrote on Oct 19^th, 2015 at 3:33pm:

mariacostel wrote on Oct 19^th, 2015 at 3:03pm:

Ex Dame Pansi wrote on Oct 19^th, 2015 at 1:27pm:

Sir lastnail wrote on Oct 19^th, 2015 at 12:24pm:

mariacostel wrote on Oct 19^th, 2015 at 11:45am:

Well this is the very predictable Well they've been wrong for a very long time and also history is against them as there has never been a housing crash in 200 years of Australian history. Recessions usually cause minor drops in price of 5-10% and then followed up by solid growth. Given that the economy is still growing and expected to improve soon, a crash is even more remote than it has ever been.

This coming from the same person who failed to predict the GFC which by the way was caused by property speculation Wink

Nail rant which as I understand is the same rant he and Pansi have been making for 15 years.

How do you know maria? ESP? Someone sent you a PM?

Yes, it is the same person, the one that is always wrong.

Multiple people have been posting about your long-term predictions of a housing crash which HASNT eventuated.

Do you own or rent your house in Sydney, dear?

I'm curious.

Own.

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Karnal

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Re: Sydney property price collapse has started
Reply #76 - Oct 19^th, 2015 at 4:08pm

mariacostel wrote on Oct 19^th, 2015 at 4:05pm:

Karnal wrote on Oct 19^th, 2015 at 3:33pm:

mariacostel wrote on Oct 19^th, 2015 at 3:03pm:

Ex Dame Pansi wrote on Oct 19^th, 2015 at 1:27pm:

Sir lastnail wrote on Oct 19^th, 2015 at 12:24pm:

mariacostel wrote on Oct 19^th, 2015 at 11:45am:

Well this is the very predictable Well they've been wrong for a very long time and also history is against them as there has never been a housing crash in 200 years of Australian history. Recessions usually cause minor drops in price of 5-10% and then followed up by solid growth. Given that the economy is still growing and expected to improve soon, a crash is even more remote than it has ever been.

This coming from the same person who failed to predict the GFC which by the way was caused by property speculation Wink

Nail rant which as I understand is the same rant he and Pansi have been making for 15 years.

How do you know maria? ESP? Someone sent you a PM?

Yes, it is the same person, the one that is always wrong.

Multiple people have been posting about your long-term predictions of a housing crash which HASNT eventuated.

Do you own or rent your house in Sydney, dear?

I'm curious.

Own.

Which part of Sydney, Maria?

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Ex Dame Pansi

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Re: Sydney property price collapse has started
Reply #77 - Oct 19^th, 2015 at 4:13pm

OMA!!!! there's been a marriage breakup or is that break down?

maria lives in Sydney and her wife lives in Adelaide.

I'm here if you need consoling dear, or is that counselling?

First step, have a divorce ceremony, burn anything that you have from the marriage or her spirits will haunt you forever more.

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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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Johnsmith Gold Member Offline Australian Politics Posts: 4716 Gender:	Re: Sydney property price collapse has started Reply #78 - Oct 19^th, 2015 at 4:18pm Ex Dame Pansi wrote on Oct 19^th, 2015 at 1:21pm: Houses were never flipped for profit before either, they used to be things people bought to live in and raise their family. of course they were ..
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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Sydney property price collapse has started Reply #79 - Oct 19^th, 2015 at 4:22pm Johnsmith wrote on Oct 19^th, 2015 at 4:18pm: Ex Dame Pansi wrote on Oct 19^th, 2015 at 1:21pm: Houses were never flipped for profit before either, they used to be things people bought to live in and raise their family. of course they were .. Negative gearing turned suburban housing into an industry.
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

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Re: Sydney property price collapse has started
Reply #80 - Oct 19^th, 2015 at 4:23pm

Ex Dame Pansi wrote on Oct 19^th, 2015 at 4:22pm:

Johnsmith wrote on Oct 19^th, 2015 at 4:18pm:

Ex Dame Pansi wrote on Oct 19^th, 2015 at 1:21pm:

Houses were never flipped for profit before either, they used to be things people bought to live in and raise their family.

of course they were ..

Negative gearing turned suburban housing into an industry.

flipping housing was always an industry ... negative gearing simply changed the rules on how the game was played.

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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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Ex Dame Pansi

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Re: Sydney property price collapse has started
Reply #81 - Oct 19^th, 2015 at 4:34pm

Johnsmith wrote on Oct 19^th, 2015 at 4:23pm:

Ex Dame Pansi wrote on Oct 19^th, 2015 at 4:22pm:

Johnsmith wrote on Oct 19^th, 2015 at 4:18pm:

Ex Dame Pansi wrote on Oct 19^th, 2015 at 1:21pm:

Houses were never flipped for profit before either, they used to be things people bought to live in and raise their family.

of course they were ..

Negative gearing turned suburban housing into an industry.

flipping housing was always an industry ... negative gearing simply changed the rules on how the game was played.

flipping housing was more of a an industry .. hobby and not a very profitable one prior to negative gearing.

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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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Aussie Gold Member Offline OzPolitic Posts: 38859 Gender:	Re: Sydney property price collapse has started Reply #82 - Oct 19^th, 2015 at 4:37pm Dunno if this has already been posted but I believe the Reserve Bank Governor Glenn Stevens, and certainly not 'Maria.' Link. Quote: "I am very concerned about Sydney, I think some of what's happening is crazy, but we've got a national focus to manage as well - that just increases the complexity.
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Ex Dame Pansi

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Re: Sydney property price collapse has started
Reply #83 - Oct 19^th, 2015 at 4:46pm

Aussie wrote on Oct 19^th, 2015 at 4:37pm:

Dunno if this has already been posted but I believe the Reserve Bank Governor Glenn Stevens, and certainly not 'Maria.'

Link.

Quote:

"I am very concerned about Sydney, I think some of what's happening is crazy, but we've got a national focus to manage as well - that just increases the complexity.

That was an ice breaker from Glenn Stevens. Just a little warning. As time goes on these warnings will become more and more dramatic, then they can say 'we warned you'.

The ball has started rolling. Who knows where it will stop?

The government doesn't want this to come as a complete shock, like the GFC.

Next thing.....the other banks increase interest rates, they don't need the RBA to guide them.

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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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mariacostel

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Re: Sydney property price collapse has started
Reply #84 - Oct 19^th, 2015 at 5:02pm

Aussie wrote on Oct 19^th, 2015 at 4:37pm:

Dunno if this has already been posted but I believe the Reserve Bank Governor Glenn Stevens, and certainly not 'Maria.'

Link.

Quote:

"I am very concerned about Sydney, I think some of what's happening is crazy, but we've got a national focus to manage as well - that just increases the complexity.

Given that Stevens comments were about as general and pointless as one could make, exactly how did he disagree with me on ANYTHING?

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Aussie Gold Member Offline OzPolitic Posts: 38859 Gender:	Re: Sydney property price collapse has started Reply #85 - Oct 19^th, 2015 at 5:13pm Did I read somewhere today that the Sydney auction clearance rate over the week-end was down to around 60%? That also supports the article I linked, and destroys 'Maria's' garbage.
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Johnsmith Gold Member Offline Australian Politics Posts: 4716 Gender:	Re: Sydney property price collapse has started Reply #86 - Oct 19^th, 2015 at 5:17pm Aussie wrote on Oct 19^th, 2015 at 5:13pm: Did I read somewhere today that the Sydney auction clearance rate over the week-end was down to around 60%? That also supports the article I linked, and destroys 'Maria's' garbage. 65%
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Aussie

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Re: Sydney property price collapse has started
Reply #87 - Oct 19^th, 2015 at 5:18pm

Aussie wrote on Oct 19^th, 2015 at 5:13pm:

Did I read somewhere today that the Sydney auction clearance rate over the week-end was down to around 60%? That also supports the article I linked, and destroys 'Maria's' garbage.

Yeas, indeed I did.

Quote:

It’s time for spring home sellers to get real and accept the new reality. If you want some pie-in-the-sky price for your property, something your neighbour got back in winter, think again. You’re three months too late.

Clearance rates have been on the slide for months, but

with Saturday’s 65.1 per cent clearance rate – down from almost 90 per cent in May and 70 per cent just a week ago

– Domain Group senior economist Dr Andrew Wilson says the market is starting to favour the buyers.

Link.

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mariacostel

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Re: Sydney property price collapse has started
Reply #88 - Oct 19^th, 2015 at 5:21pm

Aussie wrote on Oct 19^th, 2015 at 5:13pm:

Did I read somewhere today that the Sydney auction clearance rate over the week-end was down to around 60%? That also supports the article I linked, and destroys 'Maria's' garbage.

The only point I have been making, stalker, is that there is not crash taking place or indeed very likely. 65% clearance rate is hardly a crash. Come back to me when it is lower than 5%.

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Aussie

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Re: Sydney property price collapse has started
Reply #89 - Oct 19^th, 2015 at 5:32pm

mariacostel wrote on Oct 19^th, 2015 at 5:21pm:

Aussie wrote on Oct 19^th, 2015 at 5:13pm:

Did I read somewhere today that the Sydney auction clearance rate over the week-end was down to around 60%? That also supports the article I linked, and destroys 'Maria's' garbage.

The only point I have been making, stalker, is that there is not crash taking place or indeed very likely. 65% clearance rate is hardly a crash. Come back to me when it is lower than 5%.

A 25% drop in clearance rates in five months is a crash in my language. If melielongtime was here, he could sort this out. He is 'that good.' especially on maths.

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