Australian housing bubble thread

Quote from OddTrader:


"
German economic turnaround confirmed
More...

i_have_found_this_humerus_by_josnapemalfoy.jpg
 
 
m22au said:
RP Data provides monthly home price index data:
http://www.corelogic.com.au/research/monthly-indices.html

The most important ones to watch are Sydney and Melbourne, the two biggest cities, and the two cities that have significantly outperformed other Australian cities in the last 2 to 3 years.

.
More...

You declared a bubble almost 6 years ago. So let's look at the results. What have housing prices done since your original post ? The danger in declaring housing bubbles are two fold : one, there might be justified demand to live in certain locations, and, two, it is usually wrong to declare an entire country a housing market.

For example, there have been a lot of American yahoos declaring a housing bubble in Canada for years. Only one problem with that, there is no such thing as a Canadian housing market. It's a fallacy to discuss the topic that way to begin with.
 
Nine_Ender said:
You declared a bubble almost 6 years ago. So let's look at the results. What have housing prices done since your original post ? The danger in declaring housing bubbles are two fold : one, there might be justified demand to live in certain locations, and, two, it is usually wrong to declare an entire country a housing market.

For example, there have been a lot of American yahoos declaring a housing bubble in Canada for years. Only one problem with that, there is no such thing as a Canadian housing market. It's a fallacy to discuss the topic that way to begin with.
More...

You stated that "it is usually wrong to declare an entire country a housing market", and then used Canada as an example, without stating why it is an example of your assertion.

Can you explain why you believe your assertion to be true?

.
 
Sydney and Melbourne are recipients of govt stimulus in shape of low quality loans. Prices move around 3-4 pc p/a for unimproved dwellings over decades. this bubble thing is there to massage consumer sentiment so spending generates growth.

unlucky house owners will pay very large bill when dwelling needs structural fixing as quality of build is joke and cost of handyman also joke on high side.

Lucky owners will sell before structural issues come out.

Total $ gained of all owners/speculators is negative over time.

Well informed get rich on expense of less informed.

Same as in any other place where there is not enough for everyone.

that's all there is to this topic in 2 au cities that have 1/2 of AUS population and no industry.
 
You must log in or register to reply here.
Back
Top