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House prices to keep falling for years

Discussion in 'Business, Investment and Economics' started by Pommiegranite, Jul 13, 2008.

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  1. numbercruncher

    numbercruncher Beware of Dropbears

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    Hello,


    House prices falling along with interest rates.

    Such is the nature of the beast.


    Thankyou


    ps. Can permabulls provide some "proof" of rising prices ? thought not, your all spin doctors.
     
  2. kincella

    kincella

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    numbercruncher....its a con....been happening for years now...thats exactly what you wanted to hear

    but to the fhb...they think about how much they can afford...and do the sums...find they can afford more as rates come down.....they dont even have to be number crunchers....pretty basic assumption....so they bid more...or look for a better house...or better price
    and of course they always want more for less......

    one of those 10 houses I bought a few years back...the agent said to me are you a fhb....I said no...so in an instant he dropped the price by 7000...

    someone needs to benefit from the govt handouts....I mean its my taxes paying for it...so what better way then for me to up the price when selling ???
    sadly I will miss out again...this time for 14,000...due to the fact I am not selling ....
    maybe you sould change your nic......your number crunching skills need an upgrade..imo
     
  3. Dowdy

    Dowdy

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    Are those the same respected economists who didn't see this economic crisis coming and the same one who are advising what to do now?
    He (Keen) looks at the official numbers so if a respected economist choose to ignore those numbers then they can be called 'respected' now, can they?

    What does the other guy have do to if he loses the bet?
     
  4. numbercruncher

    numbercruncher Beware of Dropbears

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    Hello,


    10 houses is a nice even number to buy, did you get them on the same day a few years back ?

    How many commercial buildings do you own ?

    Have any agricultural land, you know to diversify ?

    Do you drive a red car ?

    Thankyou.
     
  5. knocker

    knocker

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    You know all this government does is had out money. I like the way the deputy treasurer said when we are we are in surplus on tv. So now Swan is not even facing the media. lol he gets his deputy to go and answer question lol Good luck with your property boom.
     
  6. MrBurns

    MrBurns

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    He was playing Monopoly on acid with robots :D
     
  7. robots

    robots hello

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    hello,

    bloody hell, cant believe it, the guy from Centrelink has come through brothers

    at my appointment this morning he said I would qualify for assistance and presto he has reduced my interest rate on my loans,

    great that other members of society are getting a few benefits, paradise

    a massive 1% reduction in the money renting rates

    robots is in da house, get a few more ruski's at the St Kilda festival this
    weekend

    if any fellow ASF members want to meet up will be at the corner of Brighton Rd & Alma Rd at 1pm Sunday, we will get a slab of ruski's and a bit of arctic

    thankyou
    robots
     
  8. nunthewiser

    nunthewiser

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    hahahahahahah its a date man!
     
  9. Pommiegranite

    Pommiegranite

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    Today was the last throw off the dice by Rudd, in a blatant attempt to shore up the housing market. Or should I say, "last attempt to shore up a sinking ship?"

    Unfortunately for the econonomy, many of the rats have already made up there minds to abandon. Only a few robotic ones will be left, and we all know how robots malfunction when exposed to water.

    A few borrowers are still jumping for joy that rates have been cut. I suggest they take a good look at how much banks around the world have been passing on at reserve rates below 3%. Answer - not much at all!:D
     
  10. MrBurns

    MrBurns

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    He can still drop rates more just to finish off those that saved and give the banks more profit, his work is not done yet.
     
  11. Pommiegranite

    Pommiegranite

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    I don't think savings rates will drop past 3-3.5% either. In effect the RBA have fired their last bullet.

    Here's an interesting poll that is suggesting that only 24% will spend their handouts. It's a pity that Rudd & Co (insolvent), didn't do some research on this BEFORE today!

    http://www.news.com.au/business/story/0,27753,25001488-462,00.html
     
  12. Aussiejeff

    Aussiejeff

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    Like I posted in the second stimulus plan thread, all everyone who gets the cash has to do to get MORE, QUICKLY, is to sit on it for a few weeks, during which time the Gummint will get desperate about the lack of cash being spent and will play pass the cash bailout parcel again.

    They have shown their hand - that they are prepared to flog cash willy-nilly to the needy until the economy is "fixed". That is their Grande Plan. Seems it is their ONLY main plan.

    Well, then. Thanks for the cash. It looks nice in my account.

    "But, Please, Sir. I want more!!!" :cool:

    Can I open a savings account at Ruddbank? :)

    What are their savings interest rates?

    LOL
     
  13. Glen48

    Glen48 Money can't buy Poverty

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    Well now a I P is a thing of the past just like Buggy whips some thing we can tell our kids about and how people thought buying house and renting it out was a way of making money and how they were suppose to double every 10 yrs, of course make sure you have a firm understanding with your kids so they won't think you have one Oar in the water and they want to put you in a home.
    Poor Robots will be walking around saying " it was suppose to work 14.8 % what went wrong?".
     
  14. knocker

    knocker

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    RIP ROBOTS or should i say MIA lol
     
  15. gfresh

    gfresh

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    What is it they say, holiday locations always are the the first to fall during hard times, and the last to rise... playing out that way.

    http://www.goldcoast.com.au/article/2009/02/02/44781_gold-coast-real-estate.html

     
  16. robots

    robots hello

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    hello,

    what you reckon Nun, this poster a plant?

    I have been hearing a lot of voices recently

    thankyou
    robots
     
  17. nunthewiser

    nunthewiser

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    Dunno m8 ...... mushroom springs to mind

    he sure is obsessed with you tho

    just smile and consider your good deed done that you put meaning into someones dreary life

    LOL some might say you even give him a reason to live , seeing as he seems consumed with you at every moment here
     
  18. robots

    robots hello

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    hello,

    oh well, will keep a couple of ruski's for the legendary poster on Sunday at the meet up,

    thankyou
    robots
     
  19. gazelle

    gazelle

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    I hope propery gets dumped : the quicker the better and then we can get rid of that naive turkey from reiv propping up his own intersests and begging the govt for assistance , sink you bastards sink .
     
  20. theasxgorilla

    theasxgorilla Problem solved... next bubble.

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    Thought I'd post this one up. Note: no "Australia" in the category of "systemic" banking crisis.
     

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