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  1. essence

    The soft depression has arrived

    When you have no choice but to resort to mineralogy for help, it is called despair. You will be better off starting casting the spells so free houses start to fall from the sky.
  2. essence

    The soft depression has arrived

    I shot one that had bent barrel after it got under a truck. I shot one after digging it from under the pile of sand after mortar shell blast. The only problem is that after 7th magazine on full auto it burns through your gloves and wood also sets on fire. But it still kills at 100 m allright.
  3. essence

    The soft depression has arrived

    There is nothing to debate. There is not a single one indicator that does not blatantly obviously demonstrate that we are in a property boom. Simple like a whistle. Second, I already answered that it is not growing economy that props up property market, it is property market props up economy...
  4. essence

    The soft depression has arrived

    Ok, Eventually you will learn: 2009 - Unemployment - 4.25%, Cash rate - 3.25% 2010 - Unemployment 7%, Cash rate - 0% 1996 - start of the property boom - Unemployment - 8.7%, rates - 5.6%(ish) 2001(2) -(second installment of property boom) - Unemployment 7.5%, rates 4.25%
  5. essence

    The soft depression has arrived

    Thank you for enlightening. And I stupidly thought that moving from expensive rent to cheaper mortgage is a common sense.
  6. essence

    The soft depression has arrived

    OK - understood - your D&G is just medical problem. Otherwise you are fine.
  7. essence

    The soft depression has arrived

    Have you read "Das Kapital" of comrade Marx? This is the ONLY true economic theory. After you throw away all the crap about what Communist Society will be like.
  8. essence

    The soft depression has arrived

    No wonder you are so depressed. I sort of was always amused by bravery of the people who invest in commercial RE. I can not understand what possesses people to do that. You are getting the same stupidly wild rides as on share market without any benefit of hight liquidity. Commercial downturns...
  9. essence

    The soft depression has arrived

    And why shall professional property investor give a damn to suburbs twice or more above median? If you do not know in that price range property market simply does not exist. it is driven by sharemarket bubbles, resource bubbles, property bubbles - reasons for growth there are all ill-conceived...
  10. essence

    The soft depression has arrived

    Yeah, and RBA and Treasury telling us big fat porkies that by the end of 2010 unemployment will hit 7%, that growth is going to be positive, etc. You know better. And of course, last weekend auction clearance rate was not 78%, you have got your own sources of statistics. And I am having...
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