[staringclown]

Australian's love of property won't be shaken by the pessimist pedlars

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It looks like the doom and gloom naysayers who have been beating up the Australian property market for the last year or two have failed to make much of a dent in public opinion.
Quite the opposite in fact, as a new CUA survey shows that over half of us have confidence in the continuing strength of our economy and believe we have a brighter economic outlook than the US and Europe.

According to the survey findings, 58 per cent of Australians were certain that the economy will remain strong over the coming year and felt positive about the prospects for local real estate to improve over the next five years.

As reported in Property Observer, just 18 per cent were swayed by negative media and commentator sentiment, anticipating a fall in housing prices to below current values in five years.
Putting their money where their mouth is and preparing to take the plunge into residential property, around 17 per cent said they intended to take out a loan over the next year to purchase either their own home or an investment. And of those considering buying an investment property, 63 per cent were totally new to the market.

This guy seriously believes it's the "doom and gloom naysayers" that cause falls rather than market fundamentals.

[Bernard L. Madoff]

Yardney, whats that saying about Leopard's spots?

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As reported in Property Observer, just 18 per cent were swayed by negative media and commentator sentiment, anticipating a fall in housing prices to below current values in five years.

Thats about right, according to ABS and DEEWS only 16% of Australians are capable of anything above adding two entries of a shopping bill without a calculator.
"On the numeracy scale, approximately 7.9 million (53%) Australians were assessed at Level 1 or 2, 4.7 million (31%) at Level 3 and 2.4 million (16%) at Level 4/5"
4228.0 - Adult Literacy and Life Skills Survey, Summary Results, Australia, 2006 (Reissue)
Australian Core Skills Framework > Core Skills > Numeracy

A mates mum has lowered the price of her house 15% in 12 months with no takers, every time the market eases she lowers the price, but just above market price, its called following the market down. She is a Medical Doctor retired and doesn't believe a house price crash is possible.

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Putting their money where their mouth is and preparing to take the plunge into residential property, around 17 per cent said they intended to take out a loan over the next year to purchase either their own home or an investment. And of those considering buying an investment property, 63 per cent were totally new to the market.

Ignorant and gullible roadkill getting sold a pup by snake oil salesman.

[Crest]

I personally think the greatest amout of doom and gloom garbage comes from the flapping mouths of property bulls/spruikers.

The property "bears" are about more affordable housing and less debt. Postive stuff if you ask me.

The spruikers on the other hand are about inflation, increased levels of debt and "being locked out" or "missing out" forever. In other words they are about a negative, pessimistic and devided future. If we want to talk about pessimism then talking heads like Yardney win the gold medal IMO. He pedals pessimism as part of his job as a spruiker, IMO.

This post has been edited by Crest: 28 December 2011 - 03:46 AM

[savagegoose]

wow , think aust is going to do beter than euro or usa? what a feat
i think surface of mars is going to do better than europe or usa for next few years

This post has been edited by savagegoose: 28 December 2011 - 04:14 AM

[Smart Money]

Crest, on 28 December 2011 - 03:45 AM, said:

The spruikers on the other hand are about inflation, increased levels of debt and "being locked out" or "missing out" forever. In other words they are about a negative, pessimistic and devided future. If we want to talk about pessimism then talking heads like Yardney win the gold medal IMO. He pedals pessimism as part of his job as a spruiker, IMO.

Yes a common marketing strategy from marketing specialists

'Highlight the needs or problems of the customer' and then offer a solution

If Yardney, Chris Joye, Cameron Kusher, Dr Andrew Wilson and Gavin Hegney keep on banging away about property in mainstream media, to millions of readers, it becomes the readers reality. It must be true because they read it in the mainstream media.. Regardless of whether the information is misleading, deceptive, highly biased and at times false. The key to success is gaining reach to the largest audience consistently. This was through mainstream print media and millions of readers.

Now an alternative opinion could be offered. An opinion that is well researched, broad, deep, factual, more objective and less biased towards one point of view. However if you do not have the reach to the largest audience (eye balls) your ability to influence opinion and influence beliefs is less effective.

In the past print media had little opposition and competition from independant commentators and research based academics. If an alternative point of view was presented it often would create cognitive dissonance and the alternative would be discounted as it was in a newspaper or magazine. The print version was often lost and the idea or point of view forgotten. It was difficult to retrieve the article and comments

However the internet provides a big voice and constant voice for ordinary and everyday people. Commentators and academics can voice an alternative opinion and this can be viewed by many people and easily retrieved. Points of view can be researched, disputed and challenged. This is very healthy.

Now each point made by spruikers can be researched and challenged. The alternative point of view can be expressed.
A key to success is using key words and key phrases in your posts. So when referring to spruikers use the key word "spruiker" in your post.

Google "spruiker michael yardney " and "spruiker christopher joye"

cheers

[booboo]

savagegoose, on 28 December 2011 - 04:12 AM, said:

wow , think aust is going to do beter than euro or usa? what a feat
i think surface of mars is going to do better than europe or usa for next few years

Heh, I thought almost the same thing. Saying you're doing better than the poor homeless guy in the street still leaves a lot of room to be doing poorly.

And the people who think property will not keep increasing at insane prices must be corrupted by the media peddling doom and gloom, surely Yardney is obviously right that people are only capable of independent thought if they believe that property will keep going up faster than wages and inflation forever.