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Forum: Australian Bubble Forum

Forums->Australian Bubble Forum->Think For Yourself

bluehumaninavacuum	Think For Yourself
	Read these four articles. Compare these four articles. Think for yourself. Escape the Orwellian memory hole. AUSTALIA BEFORE THE BUST -- Article (press release) in The Age, 10 March 2010. http://www.theage.com.au/business/rba-warns-home-prices-could-go-higher-20100310-pwlj.html?comments=61#comments IRELAND BEFORE THE BUST -- Article (press release) in the Irish Independent, 9 June 2004. http://www.irishtimes.com/newspaper/finance/2004/0609/1086274477157.html -- Article (press release) in The Irish Independent, 2 April 2007. http://www.irishtimes.com/newspaper/finance/2007/0402/1175003662932.html IRELAND AFTER THE BUST -- Article (press release) in the Irish Independent, 19 January 2010. http://www.irishtimes.com/newspaper/breaking/2010/0119/breaking59.html
	on: Wed 10 of Mar, 2010 [05:52 UTC] reads: 1866

Posted messages Style Plain Threaded Headers Only Sort Newest first Oldest first Find author message bps  Re: Think For Yourself on: Wed 10 of Mar, 2010 [07:14 UTC] Any guesses what articles and headlines will be appearing in the SMS, The Age, Brisbane Times, WAtoday and The Australian in several years time… author message bluehumaninavacuum  Re: Re: Think For Yourself on: Wed 10 of Mar, 2010 [07:38 UTC] Good question. I'd look overseas. United Kingdom. The Guardian, 8 March 2010: 'House Prices Could Fall for Several Years.' United Arab Emirates. AMEinfo.com, 27 February 2010: 'Dubai property prices to see further drop.' Northern Ireland. BBC, 8 March 2010: 'NI house prices 'still falling'.' United States. CNNMoney.com, 23 February 2010: 'Home prices fall another 2.5%.' United States. New York Times, 25 Febraury 2010: 'House Prices Fall In Feb - Nationwide.' or something like that. author message bps  Re: Think For Yourself on: Wed 10 of Mar, 2010 [07:53 UTC] What about: "After a 40 percent fall Property prices still overvalued" author message bps  Re: Think For Yourself on: Wed 10 of Mar, 2010 [08:14 UTC] Just did a property search through old Irish news paper articles and all full of high immigration and shortage of housing keeping property prices and demand high. Some great projections/forecasts of how it would continue for years and years to come. author message kodiak  Re: Think For Yourself on: Wed 10 of Mar, 2010 [08:30 UTC] I'd be happy with any headline that contained the words "Christopher Joye" and "seppuku" or "hung, drawn and quartered". author message pennypacker  Re: Think For Yourself on: Wed 10 of Mar, 2010 [09:49 UTC] From one of blue's links: "The seasonally-adjusted Halifax House Price Index showed prices ignoring three interest rate rises since November to pick up pace from the 1.8 per cent monthly increase and the 19.1 per cent year-on-year increase reported in April." Now THAT, my friends, is some freaky stuff! author message hojusaram  Re: Think For Yourself on: Wed 10 of Mar, 2010 [10:46 UTC] Yeah. I have posted this stuff before. But it seems there is some international book for RE agents of what to say during a bubble First you say: " Prices rises are normal because of the econmony " Then when that stops working you say "Ignore the rest of the world it is different here" Then when that stops working you say "there is a housing supply problem" Then when that stops working you say "it is foreigners buying everything" I have never seen what comes next in the book because it always seems to go horribly wrong right after that. Here is some great quotes from a US property "experts" on the florida condo market pre-bubbble collapse. "Ron Shuffield, president of Esslinger-Wooten-Maxwell? Realtors says that "South Florida is working off of a totally new economic model than any of us have ever experienced in the past." He predicts that a limited supply of land coupled with demand from baby boomers and foreigners will prolong the boom indefinitely. In that short paragraph he managed to get almost all 4 in.. Legendary. Is is scary how similar this is to the rubbish you see from all of the other countries and what you hear from our local "experts" today. CBA plays with LVRs just before the ABS comes out with big drops in new finance. You can't tell me those two things aren't related. Lets see how long it takes for investors to start trying to get out in droves, then we will see exactly how many houses we don't have. Oh 300,000 too many just like Ireland I suspect. Getting closer every day. author message hojusaram  Re: Think For Yourself on: Wed 10 of Mar, 2010 [10:53 UTC] Oh and the headline. NO JOYE FOR HOUSING :)) author message kodiak  Re: Think For Yourself on: Wed 10 of Mar, 2010 [10:59 UTC] In NYC, people were claiming that Manhattan real estate wasn't going down because the Europeans were snatching up pied a terres. Irish people were headed back to Ireland because of Irish prosperity and the ultimate status symbol for Irish people in Ireland was a Manhattan apartment - a sort of reverse "Emigration Wake". author message pb123  Re: Think For Yourself on: Wed 10 of Mar, 2010 [12:23 UTC] Here is one from the epicentre http://www.ppic.org/content/pubs/rb/RB_304HJRB.pdf

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