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House price collapse already started !! (Read 19417 times)
rhino
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Re: House price collapse already started !!
Reply #180 - Jul 24th, 2018 at 1:23pm
 
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.
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tickleandrose
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Re: House price collapse already started !!
Reply #181 - Jul 24th, 2018 at 1:45pm
 
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


A few lucky ones can get there with debt and ability.  But for everyone of those super rich, there are perhaps million others who failed, and in permanent in retractable debt.
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Gordon
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Re: House price collapse already started !!
Reply #182 - Jul 24th, 2018 at 1:51pm
 
tickleandrose wrote on Jul 24th, 2018 at 1:01pm:
Gold is the currency for kings.  Silver is the currency for merchants.  Debt is the currency of slaves.

Think about it before you commit to a huge mortgage. 


Yeah sorry but you're clueless.
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Sir lastnail
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Re: House price collapse already started !!
Reply #183 - Jul 24th, 2018 at 2:30pm
 
rhino wrote on Jul 24th, 2018 at 12:04pm:
Sir lastnail wrote on Jul 24th, 2018 at 11:04am:
Stig wrote on Jul 24th, 2018 at 8:33am:
Frank wrote on Jul 23rd, 2018 at 10:24pm:
Sir lastnail wrote on Jul 22nd, 2018 at 1:10pm:
rhino wrote on Jul 22nd, 2018 at 1:06pm:
Are you unable to answer the question? What "event"?


before the impending correction that you refuse to acknowledge.

Oh? Correction now, not a collapse, after all.

That was a very quick climb-down.


Haha - noticed it too.

Even a 10% reduction after a decade where prices doubled is hardly a crisis.

In fact I'm holding out on buying an investment property hoping it will be 10%


There's no more cans for the gov to kick down the road to keep house prices inflated and the banks have been exposed for dodgy lending practices so now you are on your own. Enter at own risk !

Identical circumstances in Ireland and look what happened !


as you have been previously shown, circumstances were not and are not identical in Ireland.


Watch it and see. Those conditions are identical to what we have in Australia right now. Or are you going to tell us that Australia has a well regulated banking system Cheesy LOL That won't wash with the punters anymore Wink
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Sir lastnail
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Re: House price collapse already started !!
Reply #184 - Jul 24th, 2018 at 2:32pm
 
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


And they didn't get it from wheeling and dealing in property either Wink
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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rhino
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Re: House price collapse already started !!
Reply #185 - Jul 24th, 2018 at 2:41pm
 
Sir lastnail wrote on Jul 24th, 2018 at 2:32pm:
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


And they didn't get it from wheeling and dealing in property either Wink
Some of them did. You keep coming out with this stupid stuff. Dont you think before you post?
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rhino
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Re: House price collapse already started !!
Reply #186 - Jul 24th, 2018 at 2:42pm
 
Sir lastnail wrote on Jul 24th, 2018 at 2:30pm:

Watch it and see. Those conditions are identical to what we have in Australia right now. Or are you going to tell us that Australia has a well regulated banking system Cheesy LOL That won't wash with the punters anymore Wink
Are you this stupid that you think if you keep saying something it makes it true?
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Sir lastnail
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Re: House price collapse already started !!
Reply #187 - Jul 24th, 2018 at 2:43pm
 
rhino wrote on Jul 24th, 2018 at 2:41pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:32pm:
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


And they didn't get it from wheeling and dealing in property either Wink
Some of them did. You keep coming out with this stupid stuff. Dont you think before you post?


What percentage ? We'd still all be living in caves if property was the only game in town. Idiot !
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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rhino
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Re: House price collapse already started !!
Reply #188 - Jul 24th, 2018 at 2:45pm
 
Sir lastnail wrote on Jul 24th, 2018 at 2:43pm:
rhino wrote on Jul 24th, 2018 at 2:41pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:32pm:
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


And they didn't get it from wheeling and dealing in property either Wink
Some of them did. You keep coming out with this stupid stuff. Dont you think before you post?


What percentage ? We'd still all be living in caves if property was the only game in town. Idiot !
No one said it was the only game in town. Another stupid comment from yourself. Its a game you dont know how to play, thats why you denigrate those who do know how. Its just pure envy on your behalf.
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Sir lastnail
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Re: House price collapse already started !!
Reply #189 - Jul 24th, 2018 at 2:48pm
 
rhino wrote on Jul 24th, 2018 at 2:45pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:43pm:
rhino wrote on Jul 24th, 2018 at 2:41pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:32pm:
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


And they didn't get it from wheeling and dealing in property either Wink
Some of them did. You keep coming out with this stupid stuff. Dont you think before you post?


What percentage ? We'd still all be living in caves if property was the only game in town. Idiot !
No one said it was the only game in town. Another stupid comment from yourself.


You and most aussies think it is which is why there is nothing else left here because they have sunk a pile of borrowed money into a non productive asset that doesn't even pay dividends Sad
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Frank
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Re: House price collapse already started !!
Reply #190 - Jul 24th, 2018 at 6:12pm
 
Sir lastnail wrote on Jul 24th, 2018 at 2:48pm:
rhino wrote on Jul 24th, 2018 at 2:45pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:43pm:
rhino wrote on Jul 24th, 2018 at 2:41pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:32pm:
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


And they didn't get it from wheeling and dealing in property either Wink
Some of them did. You keep coming out with this stupid stuff. Dont you think before you post?


What percentage ? We'd still all be living in caves if property was the only game in town. Idiot !
No one said it was the only game in town. Another stupid comment from yourself.


You and most aussies think it is which is why there is nothing else left here because they have sunk a pile of borrowed money into a non productive asset that doesn't even pay dividends Sad

It's speculation on the immigration system. The rate of immigration is vastly greater than the rate of house building. So house prices are going up because the demand is great. The Chinese investors are not going to be in mortgage distress, only the punters who stretch themselves too thinly - the local workers who want to make a living and leave something for their kids.
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Vladimir: That’s what you think.
 
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freediver
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Re: House price collapse already started !!
Reply #191 - Jul 24th, 2018 at 7:37pm
 
Sir lastnail wrote on Jul 24th, 2018 at 2:48pm:
rhino wrote on Jul 24th, 2018 at 2:45pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:43pm:
rhino wrote on Jul 24th, 2018 at 2:41pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:32pm:
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


And they didn't get it from wheeling and dealing in property either Wink
Some of them did. You keep coming out with this stupid stuff. Dont you think before you post?


What percentage ? We'd still all be living in caves if property was the only game in town. Idiot !
No one said it was the only game in town. Another stupid comment from yourself.


You and most aussies think it is which is why there is nothing else left here because they have sunk a pile of borrowed money into a non productive asset that doesn't even pay dividends Sad


It provides housing. If you think that isn't productive, try living on the street.
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Sir lastnail
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Re: House price collapse already started !!
Reply #192 - Jul 24th, 2018 at 11:26pm
 
Frank wrote on Jul 24th, 2018 at 6:12pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:48pm:
rhino wrote on Jul 24th, 2018 at 2:45pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:43pm:
rhino wrote on Jul 24th, 2018 at 2:41pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:32pm:
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


And they didn't get it from wheeling and dealing in property either Wink
Some of them did. You keep coming out with this stupid stuff. Dont you think before you post?


What percentage ? We'd still all be living in caves if property was the only game in town. Idiot !
No one said it was the only game in town. Another stupid comment from yourself.


You and most aussies think it is which is why there is nothing else left here because they have sunk a pile of borrowed money into a non productive asset that doesn't even pay dividends Sad

It's speculation on the immigration system. The rate of immigration is vastly greater than the rate of house building. So house prices are going up because the demand is great. The Chinese investors are not going to be in mortgage distress, only the punters who stretch themselves too thinly - the local workers who want to make a living and leave something for their kids.


They had mass immigration in Ireland and guess what happened ? It didn't stop it. If the banks can no longer throw money at it then you can have all of the immigration you want and it won't stop a crash.
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Sir lastnail
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Re: House price collapse already started !!
Reply #193 - Jul 24th, 2018 at 11:27pm
 
freediver wrote on Jul 24th, 2018 at 7:37pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:48pm:
rhino wrote on Jul 24th, 2018 at 2:45pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:43pm:
rhino wrote on Jul 24th, 2018 at 2:41pm:
Sir lastnail wrote on Jul 24th, 2018 at 2:32pm:
rhino wrote on Jul 24th, 2018 at 1:23pm:
Thats a fairly stupid philosophy actually, the worlds richest people didnt get rich by saving up for things. They borrowed and leveraged.


And they didn't get it from wheeling and dealing in property either Wink
Some of them did. You keep coming out with this stupid stuff. Dont you think before you post?


What percentage ? We'd still all be living in caves if property was the only game in town. Idiot !
No one said it was the only game in town. Another stupid comment from yourself.


You and most aussies think it is which is why there is nothing else left here because they have sunk a pile of borrowed money into a non productive asset that doesn't even pay dividends Sad


It provides housing. If you think that isn't productive, try living on the street.


Yes housing for the investors Cheesy LOL
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Stig
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Re: House price collapse already started !!
Reply #194 - Jul 25th, 2018 at 10:09am
 
Sir lastnail wrote on Jul 24th, 2018 at 2:30pm:
Watch it and see. Those conditions are identical to what we have in Australia right now. Or are you going to tell us that Australia has a well regulated banking system Cheesy LOL That won't wash with the punters anymore Wink


Really?

We have a corporate tax rate of 11%?
We're part of the EU?
We have a net migration rate falling to zero?
Our largest trading partners include Belgium and Switzerland?

Wow - heaps of similarities there
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