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    Steven Keen may have been right all along...

    Its not a case of being bullish or bearish, if one just looks at long term economic growth forecasts to make their investment decisions, they run the risk of taking their EYES OF THE BALL OF CURRENT OPPORTUNITIES. Instead i look at asset prices RELATIVE to their future earnings potential...
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    Steven Keen may have been right all along...

    Sorry to disappoint you but drag has never been my thing. In regards to financial investing, yip i love it. I am a nerd and proud of it:D I was so nerdy that in high school whilst the other guys were madly chasing the top girl of the class i was emershed in my fathers post graduate security...
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    Steven Keen may have been right all along...

    I never said property is a buy, i just stated that as time progresses i am becoming more confident that property will not drop 40% as some media personalities have presented.
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    Steven Keen may have been right all along...

    Ah bet then you have to consider transaction costs of selling and repurchasing. If my capital gains over the years on residential property is say 40%, then i would be paying roughtly 10% of the value of the portfolio in capital gains tax (40%*50%*0.5). (This is simplistic as it assumes no...
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    Steven Keen may have been right all along...

    yeah but unlike the crap they where offloading on wall street during the good times, when risk was greatly discounted, mine would have an adequate insurance hedge (40% drop or NO PAYOUT), plus i would be receiving an additional 4% premium which means i only 'loose' if property falls 44%:D
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    Steven Keen may have been right all along...

    Yes Sunfish this is a very good comment. You dont have to do something today, sometimes inaction is the best action of all. It just depends on your personal circumstances.
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    Steven Keen may have been right all along...

    You know as time is progressing through this financial crisis, i am getting more and more confident that we DEFINATELY will not see a drop of 40% in nominal medium priced residential property accross the whole country. Given the D&G around, if i was wealthier i would be happy to underwrite...
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    Steven Keen may have been right all along...

    mmmm what a great way to stop employees asking for a pay rise.:D Seriously though i can nearly guarantee you that we wont have a recession lasting longer than 2013 at least. Do you realise what this means, a negative GDP reading for EVERY QUARTER for the next 20 odd quarters. No what i...
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