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  1. tcocaro

    The Australian housing bubble furphy

    If you found that line you quoted from me as insulting or proof of my lack of humility or civility then you seriously have to toughen up...
  2. tcocaro

    The Australian housing bubble furphy

    this one made me laugh...
  3. tcocaro

    The Australian housing bubble furphy

    There is NO point in comparing Feb-Feb with other stats i provided the stats for the year i.e. 12 months of 2010, because you said prices have been falling since the start of 2010 so I provided 2010 figures showing they havent.
  4. tcocaro

    The Australian housing bubble furphy

    he didnt say 5x gain he said his net worth doubled a coupled of times... unless he started with pitance then the amount quickly becomes astranomical. If it was pitance then who cares, so what if I invest 10k and it becomes 20k or 40k or 80k over 5 years, this really doesnt excite me in the...
  5. tcocaro

    The Australian housing bubble furphy

    No its not hard to provide the stats myself but I do that to force you to actually check your figures.. Attached is the stats from residex\abs i couldnt be bothered scanning BIS stats for this exercise. I dont understand where you got your stats Feb->Feb?? this is a strange time-scale. I...
  6. tcocaro

    The Australian housing bubble furphy

    Nice and stubborn you are.... get me the national growth figures for 2010 (year on year) is it positive or negative? Then lets break it down by state and see which went up and which went down? Did the vast majority go up or down? Price have NOT been falling since early last year, you...
  7. tcocaro

    The Australian housing bubble furphy

    Mate your arguing for argument sake! If you dont agree with his 40% claim and your view is nowhere near his then why pop up each and every time to come to his defence? your feel sorry for the poor little guy? awww how cute. Ummm has prices gone up for the last 15 months? was there not a cycle...
  8. tcocaro

    The Australian housing bubble furphy

    yawn... "Having doubled my networth more than a couple of times over the last 5 years" so lets say a couple times is 3-4? lets say your net worth was what? 500k? 500k -> 1m -> 2m -> 4m -> 8m so you made profit 4-8m in 5 years? Lets say you borrow only 50% in your Keen loving...
  9. tcocaro

    The Australian housing bubble furphy

    Here is what I suggest. Go to http://www.opsm.com.au/ Get yourself a good pair of reading glasses, then read my post while wearing them and find where I state that I am bullish.
  10. tcocaro

    The Australian housing bubble furphy

    Hobo-jo, please seriously! Even his half baked explanation for his error shows his typical attitude of close enough is good enough, is it 18.8, 15.5 or 20? And what an overlenlarged ego he has that his blog starts with fixing his errors and pointing out errors of others instead of concentrating...
  11. tcocaro

    The Australian housing bubble furphy

    When should I start listening? 5-8 years ago when they started popping up or now? or perhaps next week or another 5-8 years from now? Sorry I find it hard to listen to people whose position never ever changes in the slightest. Just look at this for instance; http://bit.ly/f4O5Jy Which...
  12. tcocaro

    The Australian housing bubble furphy

    supply a small local issue? lol, seriously that one made me laugh... anyways lets agree to "totally" disagree.. ps: balmain prices have fallen so has leichardt recently...
  13. tcocaro

    The Australian housing bubble furphy

    Umm yes by writting out new loans... lol your comment proves my point. More credit is available, is it as easy as a 5 or so years ago? NO is it easier than a year or two ago? Yes.
  14. tcocaro

    The Australian housing bubble furphy

    No that leads to an increase in DEMAND due to more people now being able to afford. If SUPPLY was able to keep up then prices wouldnt change, if SUPPLY actually could be introduced faster prices would actually fall however the situation we are in now is that SUPPLY is NOT keeping up and hence...
  15. tcocaro

    The Australian housing bubble furphy

    Evand I am sorry but you fail to understand the simple mechanics of Demand & Supply, Equilibrium Price and what shortage actually means. Economics removes specific examples like "Balmain" and tries to apply a rule\concept to all. In this case the concept being misunderstood by you is...
  16. tcocaro

    The Australian housing bubble furphy

    ? ummm anecdotal evidence is useless... I have examples showing sold the same day they appeared on the market does that prove you wrong? No it doesnt it proves absolutely nothing just like your example.
  17. tcocaro

    The Australian housing bubble furphy

    I have said this before and I will say it again your understanding of shortage of housing stock is wrong and hence why you feel its propaganda. There is a shortage of stock that people can afford. They cannot afford the stock available because of the high asking prices which is a direct...
  18. tcocaro

    The Australian housing bubble furphy

    The sentence you point to uses the word "increased" availability of credit. Its clear that credit has eased or else why would NAB bother going on such a marketing campaign for loans etc? I doubt they are waiting for you to come to their branch only to decline you. Its clear finance\credit has...
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