[Max Carnage]

Quote

Louis Christopher is a property analyst who joined us today on Sunrise.
Louis has observed that the property market prices are not ‘flat’ or ‘stablising’ or ‘plateauing’ – they’re falling.

A little more: http://au.tv.yahoo.c...roperty-market/

A bearded Louis Christopher appeared on my tele this morning with some measured positive news.
Koch got loose with words like "plunge" and "free-fall" and "how bad?"
Christopher reckoned 5% to 10% decline generally this year, and in certain pockets as much as 15% to 20%.
Koch invited Christopher to return tomorrow morning to detail which areas will be hardest hit.


"But property always goes up?!"
"No it doesn't."

[Rocket]

Watched the linked video.

He's a much better messenger than Steve Keen. No depictions of doom or confusing language. Just a simple "It's real, and it's happening now. But don't get too worried".

I'll wait and see if it conditions Australians, much like the GFC has done with retail sales, where the average person won't buy unless there's a discount. Mental conditioning is powerful stuff.

[Mr Medved]

Time for re-runs?

http://www.voteconfidence.com.au/



What the wildebeeste need is a good dose of propaganda... in retrospect that clip looks like an outtake from the film Idiocracy.

[Max Carnage]

Day Two:

Quote

Property price plunge predictions

Property Analysts SQM Research have crunched the numbers, finding houses prices are falling almost everywhere.

CAPITAL CITIES (worst to best)

Perth (total 2011 9.8%)
Currently down 3.8% from peak.
Expected further declines in 2011 is 4-6%

Brisbane (total 2011 9.6%)
Currently down 3.6% from peak.
Expected further decline in 2011 is 4-6%

Darwin (total 2011 8.3%)
Currently down 1.3% from peak.
Expected further Declines of 5-7% in 2011

Melbourne (total 2011 7.5%)
Currently down 2.5% from peak.
Expected further declines in 2011 is 3-5%

Sydney (total 2011 6%)
Currently down 2% from peak.
Expected further decline in 2011 is 2-4%

Adelaide (total 2011 4.3%)
Currently down 1% from peak.
Expected further declines in 2011 is 1-3%

Hobart (total 2011 3.5%)
Currently down 0.5% from peak.
Expected further declines in 2011 is 1-3%

Canberra (total 2011 3.4%)
· Currently down 0.4% from peak.
Expected further declines of 1-3% in 2011.

More here: http://au.tv.yahoo.c...ge-predictions/

Video should arrive later today(?).

[sydney3000]

You have to love the gentle delivery of such beautiful news.

[staringclown]

Kochies tips for a falling market

Quote

Put all of your savings into your home loan
Try to have at least 30% equity in your home
Don’t buy before you sell in this market
Don’t be a forced seller

In other words don't have already made a bad decision. Thank for that Kochie!

[Mr Medved]

staringclown, on 26 May 2011 - 10:30 AM, said:

Kochies tips for a falling market
In other words don't have already made a bad decision. Thank for that Kochie!

Kochie's advice: If the Titanic hits an iceberg, grab a bucket and start bailing water.

Personally I'd be heading for a lifeboat.

[Ugg]

Mr Medved, on 27 May 2011 - 01:43 AM, said:

Kochie's advice: If the Titanic hits an iceberg, grab a bucket and start bailing water.

Personally I'd be heading for a lifeboat.

Wasn't Kochie once a ticket-seller on the glorious maiden voyage?

[zaph]

Ugg, on 27 May 2011 - 01:45 AM, said:

Wasn't Kochie once a ticket-seller on the glorious maiden voyage?

kochie has a striking resemblance to Leonardo

[Turkey]

zaph, on 27 May 2011 - 02:14 AM, said:

kochie has a striking resemblance to Leonardo

I assume you mean this one (same haircut):

[Chimerica]

On Sunrise today, Kochie had 2 experts on talking about investment properties and are they worth it. They didn't talk about yields, just capital growth and that neg gearing was a waste of time if you don't get capital growth after several years. Also, price entry was important, not to overpay. All in all, pretty sound advice from spruikers.

But, the best part was these experts encouraging people to ask for 15% discounts on properties for sale, a case of if the vendors said 'no', then just walk away. The realisation phase has begun!

[Turkey]

Imagine if Westpac released a new product; let's call it the Turkey Term Deposit.

You have to pay in every month and at the end of the term you get back 10% less than your original deposit.

That's how attractive negatively geared property that makes a capital loss is!

[recession we had to have]

BD on Sunrise this morning

Linket

[mattau]

Turkey, on 13 October 2011 - 01:02 AM, said:

Imagine if Westpac released a new product; let's call it the Turkey Term Deposit.

You have to pay in every month and at the end of the term you get back 10% less than your original deposit.

That's how attractive negatively geared property that makes a capital loss is!

nice analogy.
I like to stay away from negative geared properties altogether