Second, I already answered that it is not growing economy that props up property market, it is property market props up economy.
Pure Gold essence. Keep up the good work. You never disappoint.
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Second, I already answered that it is not growing economy that props up property market, it is property market props up economy.
It was easy to type .
Goats are horrible. You can't keep em fenced in. Plus, they taste like crap.
If it's a depression you may as well be eating eye fillet and lamb.
See ya's.
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. If you do not know how Australian economy works and what drives it - what you are arguing about. Learn the basics - GDP follows "new house commencements" like tail follows the dog. It is locomotive pulls carriages, not carriages push locomotive.
You do not understand primitive basics, why would you expect me to read you cycle of lectures on the advanced economics on the public forum?
If you would have realised how many things you have no foggiest idea of, you would be terrified.
If you want, get "Das Kapital" of comrade Marx, read it from beginning to end couple of times - it will get you out of the dark.
Pure Gold essence. Keep up the good work. You never disappoint.
M16 has fewer characters.....
I thought you had some experience, as I knew a guy who swore by the AK47 (he was a white guy in Rhodesia during the revolution that turned it into Zimbabwe)... said it was next to indestructible (he'd used Armalites and Uzis)
The only complaint he had was of the wooden stock model, which would shrink in the African climate -making them rattle - and any noise in bush warefare made you a target.
The standard folding metal stock had a problem too, as they used to fold down, under the rifle. This made it rather difficult if you wanted to fold it while lying down - so these guys did their own mods to hinge them sideways.
But now we are getting right off the topic of this thread.....
Cheers,
The Y-man
You mean fool's gold, namely Pyrite and Chalcopyrite. The current so called property boom is at the bottom end of the property market and is artifically fueled by the first home owners grant. Pyrite has a pale yellow colour that is often mistaken for gold by the inexperienced (hence the name fool's gold) and is very brittle.
The current so called property boom is an excellent example because like pyrite the current dead cat bounce of the lower end of the property market will be shown to be as brittle as fools gold. These first home owners and fools who think they are investors that have been enticed by the grants don't have the resources to sustain the investment.
That is why my call of a 50% drop in the residential real estate will occur at all levels of the market. Too much gearing and not enough equity to sustain themselves when valuations collapse.
This state and federal government property ponzi scheme will undermine the four pillars banking system with disasterous consequences. Your going to see hyperinflation some time after about 2012-2014 that will make the example of pre world war two Germany pale in comparison.
Just think back to the recent government super scheme that encouraged people to sell their investment property and put it into shares in super. What these poor mum and pop investors did is they crystalized a capital gain and subsequent tax.
They lost control of their investment as it went into managed funds/ shares of companies and boards of directors who then paid themselves big bonuses and their shares became worthless in the current crisis.
Booming property market pffth fools gold by any other name
You mean fool's gold, namely Pyrite and Chalcopyrite. The current so called property boom is at the bottom end of the property market and is artifically fueled by the first home owners grant. Pyrite has a pale yellow colour that is often mistaken for gold by the inexperienced (hence the name fool's gold) and is very brittle.
The current so called property boom is an excellent example because like pyrite the current dead cat bounce of the lower end of the property market will be shown to be as brittle as fools gold. These first home owners and fools who think they are investors that have been enticed by the grants don't have the resources to sustain the investment.
That is why my call of a 50% drop in the residential real estate will occur at all levels of the market. Too much gearing and not enough equity to sustain themselves when valuations collapse.
This state and federal government property ponzi scheme will undermine the four pillars banking system with disasterous consequences. Your going to see hyperinflation some time after about 2012-2014 that will make the example of pre world war two Germany pale in comparison.
Just think back to the recent government super scheme that encouraged people to sell their investment property and put it into shares in super. What these poor mum and pop investors did is they crystalized a capital gain and subsequent tax.
They lost control of their investment as it went into managed funds/ shares of companies and boards of directors who then paid themselves big bonuses and their shares became worthless in the current crisis.
Booming property market pffth fools gold by any other name
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.