Oh dear... socialists think that can manipulate the market

[IQS.RLOW]

http://www.smh.com.au/business/online-c ... 1cfeq.html

Thanks for making the movers and shakers even more money while screwing over those that need to sell.
What a (nother leftwing) bunch of fucking tards

Might go and buy another rental property. Prices will be low and I can be sure to hike the rent in another few months while the tards listen to getup

[lisa jones]

Thanks for making the movers and shakers even more money while screwing over those that need to sell.

- IQ

That was my immediate reaction to this also.

What's the bet that those signing the petition are also into property (like me) .. and are the very ones encouraging others to sign up so as to lower the competition at Auctions thus enabling them to cash in on the idea.

Come to think of it .. where do I sign?

[Jovial Monk]

Hey outguessing the market is Tone’s CC technique.

IQ buying “another” investment property? bwahahahahah

Housing bubble is about to burst anyway. Now is the time to take profits.

[harvey]

"socialists think"


the jury is still out on that aspect.

[Outlaw Yogi]

http://www.smh.com.au/business/online-c ... 1cfeq.html

Thanks for making the movers and shakers even more money while screwing over those that need to sell.
What a (nother leftwing) bunch of fucking tards

Might go and buy another rental property. Prices will be low and I can be sure to hike the rent in another few months while the tards listen to getup

Prices have dropped. My father's done pretty well out of speculating.
A place he checked out yesterday, decked out as a wholesale nursey, had an asking price of $1.2 million (or more) not so long ago, but he reckons he can get it for $850K.

[Leftwinger]

Australian real estate is in a spot of bother at the moment. It's heavily overvalued and struggling to resume solid price growth. At the end of the day, there's only so much of their income that people can part with in debt repayment, although it's surprising just how deep into the water they will go before concluding that they can't afford it.

Actually, I would have thought that things like FHOG's and the ability to claim a tax deduction against losses made on investment property would constitute bigger examples of market manipulation than buyers not buying because prices are so high. I can think of about 1.2 million negatively geared property investors who are quite happy with market manipulation when it suits.

[Leftwinger]

Might go and buy another rental property. Prices will be low and I can be sure to hike the rent in another few months while the tards listen to getup

I'm not up on the ins and outs of buying investment property, but if you purchased property in recent years and prices actually do take a sustained slump, you might have a little difficulty convincing lenders to lend you even more money to buy an asset in a falling market when thanks to falling prices, you find yourself in the unenviable position of owing the bank more than the market value of your assets.

I've never been in negative equity and am unlikely to ever be, since I own no investment property and I purchased my place of residence in 1999 when prices were still sane - they would have to collapse by 80% for me to owe the bank more than it's worth, and since I don't think they even fell that far during the great depression, I doubt they will now. However, I wouldn't put falls of 25-30% over the next five or six years off the cards. Maybe more even. Maybe not either, but who knows at this stage? The market overall is looking very shaky after years of huge price run ups. Prices on Darwin have fallen by 9% over the past few months, though Darwin is relatively small so is likely to be more volitilehttp://www.abc.net.au/news/stories/2011 ... 178822.htm

It would be unfortunate if Australia went the same way as Japan went when their house price bubble burst 21 years ago (prices are only half what they were at the peak of the boom and are still falling very slowly) or the US more recently, where about a quater of all of those with a mortgage are now under water thanks to falling prices.

http://cr4re.com/charts/chart-images/Pr ... an2011.jpg

Prices need to come down in Australia but I hope they come down slowly - a rapid crash would have serious economic consequences.

[Jovial Monk]

Great post Lefty. IQ has no idea what he is babbling about.

Danger with a market retreat, can turn into a panic quickly then a huge over-reaction and price crash.

[lisa jones]

Left Winger .. you are posting with very limited experience in property investment. And it shows.

[lisa jones]

http://www.smh.com.au/business/online-c ... 1cfeq.html

Thanks for making the movers and shakers even more money while screwing over those that need to sell.
What a (nother leftwing) bunch of fucking tards

Might go and buy another rental property. Prices will be low and I can be sure to hike the rent in another few months while the tards listen to getup

Prices have dropped. My father's done pretty well out of speculating.
A place he checked out yesterday, decked out as a wholesale nursey, had an asking price of $1.2 million (or more) not so long ago, but he reckons he can get it for $850K.

Where? Please don't say somewhere in QLD.