Good bye. Another forumite bankrupted
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Good bye. Another forumite bankrupted
Yeep. It was fun while it lasted, now it’s off to the salt mines to service my underwater mortgage. Parting words of advice, listen to the D&G brigade.
He corrects his comments here:The part where he says prices went up 20%? then he himself realises how silly it sounds backtracks and tries to float some fluff to cover it up?
Have you read any of Keen's debt deflation blog or have you simply watched a couple of clips, read a couple of mainstream media headlines and now consider yourself an expert on Keen's research and opinion? I suspect the latter.Notice how his arguments much like most D&G'ers is void of any specificity, all his figures are nice round numbers, 20%, 40% etc. The issue I have his D&G views are mainly "the vibe of it". For instance oh, prices cant keep going up they must crash, we cant keep living like this, oh it happened in america it will happen here.
I am lost with all the noise the D&G are making. Their collective view is one based on faith that prices will crash and burn not on based in rationality.. its Unfortunate the media sees no value in have two opposing rational views as it doesnt rate instead we have economic monkies being paraded around screaming run for the hills while they wear their anti-government mind reading foil hats on.
He corrects his comments here:
http://www.debtdeflation.com/blogs/2011/02/15/keen-joye-on-house-prices/
The presenter also got some numbers wrong to begin with.
Have you read any of Keen's debt deflation blog or have you simply watched a couple of clips, read a couple of mainstream media headlines and now consider yourself an expert on Keen's research and opinion? I suspect the latter.
You choose to see the collective view of bears as based on faith and as irrational thinking... that does not represent reality (in all cases).
2 years ago I was writing long posts on a bear forum about the reasonable cost it would be to buy vs rent in some specific Adelaide suburbs (using a long term fixed rate), a shame the site is no longer up. I haven't been singing the same tune for 5-8 years yet you still lump me in with the rest. Early 2009 with fixed rates was the way to go for (some) FHBs in 2009 (when we had record low interest rates), now is a bad time for them to buy and hence my opinion now reflects that.
You appear unable to look critically at the subject at hand.
To get a picture of the market, most rational people will look at a number of different statistics, rather than just one. An experienced investor wouldn't look at one flawed statistic and draw a conclusion.
well the simple rule is, what goes up must come down
When I was first starting to drive, petrol was 11.99c per litre. I remember when it went to 13.99 cpl and on past 20c, 30c etc to $1.40 today and on...........
That sentence makes no sense.
You are totally missing my point. Income to house prices is ONE measure being used, mainly by D&Gers and tabloid newspapers, but it doesn't give a full picture of the housing market.
To get a picture of the market, most rational people will look at a number of different statistics, rather than just one. An experienced investor wouldn't look at one flawed statistic and draw a conclusion.
WOW LOOK ! a property developer who is bullish on the market !!!
Having doubled my networth more than a couple of times over the last 5 years (not that it would compare much to some on here )I seem to be doing ok for someone who has been 'wrong for years', imagine how much I'll make when I get it right...hobo-jo you have been wrong for years as has Keen.
you must be really old. when i first bought petrol it was 58c
I am really old - thank you.
No I am being logical. I am saying it is one indicator which does mean something. If you can't understand that then you don't understand what you are saying about how it does not tell the whole picture.
Having doubled my networth more than a couple of times over the last 5 years (not that it would compare much to some on here )I seem to be doing ok for someone who has been 'wrong for years', imagine how much I'll make when I get it right...
There is a level of desperation in your attempts to discredit Keen. For someone who you think is 'not worth the time of day' you (and some other users on here) seem to care a lot about what he is saying and doing.
Your posts are a hoot Tim, keep them coming!