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  1. coastymike

    Economists - Decade of house pain predicted

    Bluestorm Agreed. Much better than being an employee and the thought of ownership over you by the employer. Dont get me wrong those rates are good but im just surprised. I guess it is like aaron said everyone went out and did a professional degree and supply outstrips demand. By the way...
  2. coastymike

    Economists - Decade of house pain predicted

    $800 per day in 2011. This shows that wages really haven't moved anywhere in IT in over 10 years. Before I became a public practitioner I was project managing an Oracle 11.0i implementation back in 2001 and was getting $1,000 per day. Scary to think the rates are still the same as back then...
  3. coastymike

    Economists - Decade of house pain predicted

    And the report that rent growths are stalling. I thought rents were going to the moon. http://smh.domain.com.au/home-investor-centre/rent-growth-slowing-in-capital-cities-20110711-1ha8r.html ADJ. My view is that we were in the eye of the storm about 1 year ago and everything seemed calm. I...
  4. coastymike

    Economists - Decade of house pain predicted

    I dont understand how making comments on potential drops in value for property or flat lining is doom and gloom. It is just a perception and potentially real life. It is like hoping for world peace and food for all. Might make you warm and fuzzy inside but no hope of hell it happening in our...
  5. coastymike

    Economists - Decade of house pain predicted

    Pieman Technically the worst case for property is a 100% drop in values. So that is the worst case. Your case of flattening is not worse case it is a theory. Bluestorm has a different theory. I think the next 2 years will be quite interesting. A few people will make a lot of money and a lot...
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