By: jennyxuanwu
27/10/2009
5:53 pm Yahoo! Profile:
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itchy
I can't teach you. I am teaching year12 Chemistry and physics-you can not possibly go that far, also you should be with those kids with special needs.
bye:) |
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By: pegasus2203
27/10/2009
5:49 pm Yahoo! Profile:
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Demand for first home loans fades
Tuesday October 27, 2009, 3:17 pm
http://au.biz.yahoo.com/091027/2/29eo8.html |
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By: ang101000
27/10/2009
5:40 pm Yahoo! Profile:
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Menta,
I can't believe this; you have lost your temper!
I thought it is only me who has to revert to comedy to keep cool and calm (: |
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By: ecchi.gaijin
27/10/2009
5:40 pm Yahoo! Profile:
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Menta, myself and others have asked you numerous times to give your explanation as to why property prices will come down and all YOU have said is "it just has too"
I just finished telling you I am not a property bull and you reply saying that I am? Thanks for proving my point EXACTLY that you read a lot but you can't understand ANY of it. |
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By: mentawaisurf
27/10/2009
5:33 pm Yahoo! Profile:
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| No, I thought so. The best the property bulls can come up with to support their feeble argument is that, "it just has too", and "housing shortages will support prices" so that "now is the time to buy". I suggest you look back through my comments and associated links over recent weeks and digest them before talking further about magic and defying logic. |
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By: ecchi.gaijin
27/10/2009
5:20 pm Yahoo! Profile:
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Menta, Jenny got what she asked for.
I have never said anything about what I think will happen menta. The closest I came was to say that we would not see a 40% decrease, that we would see some decrease but that we would in some places see further increases.
Having said that, our property market will continue to defy what you think is logic until something occurs to force it to follow your "logic". You know, this magic caus we keep asking you to give us but you can't seem to find.
This is your problem, you read a lot but you just don't understand much of it. |
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By: mentawaisurf
27/10/2009
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| Pete, when you've finished bullying Jenny, what makes you believe so strongly that Australia's housing market can continue to defy logic and indeed gravity? |
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By: ang101000
27/10/2009
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Lasty,
don't worry, I know it is just a market correction, NOT Menta's prediction of imminent collapse!
I was waiting for it to happen today, looks like it did. |
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By: ecchi.gaijin
27/10/2009
4:04 pm Yahoo! Profile:
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| Stick to reading Family Circus and wake me when you finally understand it. |
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By: ecchi.gaijin
27/10/2009
4:02 pm Yahoo! Profile:
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Really? I would have thought a science teacher would understand that Newtons law of physics refers to the gravitational forces between objects of differing masses. How much mass does the price of a house have?
Obviously they dont use logic in science now days? Maybe ask your English teaching colleague what an analogy is? |
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By: jennyxuanwu
27/10/2009
3:58 pm Yahoo! Profile:
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| science teacher by the way |
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By: jennyxuanwu
27/10/2009
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itchy
'jenny, wht drugs are you on to think that newtons law of physics ACTUALLY applies to housing prices? LMAO!!!! '
What does this 'LMAO!!!! ' mean? can you explain it in plain English please?
You can refer to my 'EARTH and REAL VALUE' post today
I am a science by the way |
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By: ecchi.gaijin
27/10/2009
3:54 pm Yahoo! Profile:
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| Jenny, I doubt you can understand a single pane cartoon. Try again honey. lol |
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By: jennyxuanwu
27/10/2009
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sorry icchi
Maybe you have just bought your house
This BLOG IS too rich for you to read and I understand this |
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By: ecchi.gaijin
27/10/2009
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| jenny, wht drugs are you on to think that newtons law of physics ACTUALLY applies to housing prices? LMAO!!!! |
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By: jennyxuanwu
27/10/2009
3:48 pm Yahoo! Profile:
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ecchi.gaijin
'history can't change over time?'
Yes history can change over time. Not basic things.
such as Newton Law, people are born and die everyday etc.
Try this: use some soap and blow some bubbles and bigger the better and see what happens |
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By: ecchi.gaijin
27/10/2009
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firefly, look to the xample we have spoken about before. 20 years ago the price to income ratio was 4:1. Not very far from the 3:1 benchmark you say? High interest rates at the time meant that the reall afforability was crippling and prices dropped a little and stagnated before shooting back up.
History will change as people start to realise the indicators they are using are innaccurate and useless. |
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By: firefly_au
27/10/2009
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Hi Ecchi :)
History is indeed a poor indicator but it is the only one we have....
For for the long term RE price to income ratio not to return to the historical norm in the long term would be extraordinary IMHO.
So I believe it is going to happen sooner or later by one means or another - Perhaps there will be runaway wage inflation and not deflation in RE prices who knows? :)
BYE :) |
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By: ecchi.gaijin
27/10/2009
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"this artifically boosted property market "
The use of "artifically boosted" in economics really cracks me up. What is artificial about it? This is a phrase coined by people that don't understand the demand/supply equation. |
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By: ecchi.gaijin
27/10/2009
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"It will come down, which is the bubble has to burst sooner or later"
Based on what? Because you think history can't change over time? |
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By: jennyxuanwu
27/10/2009
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At least the NEWTON law applies to where we live, on this planet.
Things will fall back to earth.
IN this case, the REAL VALUE of the either shares and property is EARTH.
If you look at the stock market and property market in history, the general trend is up, this reflect the real inflation level over the years.
In our case, this artifically boosted property market (negative gearning policy, first home grand and easy credit given by banks and nonbanks etc)has thrown the prices way too high in terms of the REAL VALUE of the properties (after inflatin in considered at a domestic interational level).
It will come down, which is the bubble has to burst sooner or later. |
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By: ecchi.gaijin
27/10/2009
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"And that same law of physics applies everywhere - yes, even here in Australia (although many still presume to believe otherwise)."
Errrr since when does that law of physics ACTUALLY apply ANYWHERE aside from in the imagination of your idols? |
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By: mentawaisurf
27/10/2009
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Yes Lasty, while a minimum 30% deposit if imposed in Australia from 1991 may have prevented our housing bubble, it will not stop the HK bubble from bursting;
"As mainland investors turn the tables on Hong Kong investors and send property prices soaring as high as the city's skyline, Hong Kong people should keep in mind Newton's law of physics - what goes up must come down."
And that same law of physics applies everywhere - yes, even here in Australia (although many still presume to believe otherwise). |
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By: jennyxuanwu
27/10/2009
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hello lasty
The diffrence between here in Australia
and Hong Kong is: it is easier for the people, after having lost everything in the sharemarket and property investment(overly stretched, trying to find tall buildings and jump off. Whereas in Australia here there are only tall buildings on the Gold Coast and in some major big cities
Check out what had happened in HONG KONG afer 1997 when Southeast Asia finacial crisis happen, would you? |
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By: lasty49
27/10/2009
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Menta,
You give Hong Kong as an example.
May I suggest you check out their property prices and rents.
http://www.atimes.com/atimes/China/KJ23Ad02.html
You can make them put down 80pct deposit but it doesnt deter the price.
When you have the cash rich buying up prime locations banks dont come into play.Credit isnt required.
What does come into play is space availability.
Australia has plenty of it but lacks transport. |
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