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Search: Posts Made By: Vash the Stampede
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Forum: Australia
Apr 30th 2011, 1:39 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Cool Re: The Great Australian Property Swindle

Don't use language like that, it upsets the doom merchants. ;)



Well said! :D
Forum: Australia
Apr 29th 2011, 2:06 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

Thought I better get this in before anyone else does:



(Source (http://www.abc.net.au/news/stories/2011/04/29/3204010.htm)).
Forum: Australia
Apr 21st 2011, 7:39 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Thumbs up Re: The Great Australian Property Swindle

Scrap the FHOG. I don't want to keep paying for Howard's handouts for the rest of my life.
Forum: Australia
Apr 8th 2011, 9:17 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

Here. (http://sqmresearch.com.au/homediscounts/search.php?postcode=3000)

Notice that two of them are from 2009 and the other two are from 2008.
Forum: Australia
Apr 7th 2011, 10:21 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Lightbulb Re: The Great Australian Property Swindle

Only two of those properties have been significantly discounted. The others have barely moved. A prospective buyer would likely offer less than $430k for the $440k house anyway. Additionally, I'm not...
Forum: Australia
Mar 9th 2011, 4:56 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Lightbulb Re: The Great Australian Property Swindle

(Source (http://www.abc.net.au/news/stories/2011/03/09/3159177.htm)).

Unaffordable market leads to slump in sales. Who'da thunk it?
Forum: Australia
Jan 25th 2011, 10:56 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

I've got one, but why use it when the comedy here is so good?

:)
Forum: Australia
Jan 25th 2011, 9:23 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

Keep it rolling, chum. Nothing on telly tonight, and I could use some free entertainment.

http://i52.tinypic.com/24ffn7b.gif
Forum: Australia
Jan 24th 2011, 11:53 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

We went through this last time, remember? I listed 8 years of wild property crash predictions on this forum. None of those predictions came true. All of those predictions failed. And you think...
Forum: Australia
Jan 24th 2011, 11:43 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Cool Re: The Great Australian Property Swindle

I'd say it has huge potential for the pot manufacturing industry.

:thumbup:
Forum: Australia
Jan 24th 2011, 7:57 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

We all agree the situation is not sustainable. What we disagree on is the nature of its demise.

8 years of failed Australian property crash predictions have done little to improve the credibility...
Forum: Australia
Jan 24th 2011, 6:54 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Question Re: The Great Australian Property Swindle

How many Australian banks offer 100% mortgages? I don't doubt that it happens, but I'd be interested to know how prevalent it really is.



Is that what happened in the case of the people you...
Forum: Australia
Jan 23rd 2011, 9:36 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

Yes, but in a market which lacks Australia's degree of financial regulation and operates under different legislation. IIRC, American law allows you to walk away from a house you can't afford without...
Forum: Australia
Jan 23rd 2011, 9:06 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

:D

Then you may find this post (http://britishexpats.com/forum/showthread.php?p=9037780#post9037780) interesting.

:eek:
Forum: Australia
Jan 23rd 2011, 9:06 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Lightbulb Re: The Great Australian Property Swindle

My thoughts exactly. You can also throw in "How the hell did they mismanage their money so badly that they were forced to remortgage up to $850k?" and "What kind of bank allows you to remortgage...
Forum: Australia
Jan 23rd 2011, 11:25 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Thumbs up Re: The Great Australian Property Swindle

A hearty welcome to the first property crash prediction of 2011. :thumbup:

Minimum 50% drop from recent peak bubble valuations? How thrilling! :)
Forum: Australia
Dec 29th 2010, 1:31 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Lightbulb Re: The Great Australian Property Swindle

Happily buying and selling mid- and low-range properties at sensible prices. The top of the range is in a completely different league and has little relevance to the everyday market with which most...
Forum: Australia
Dec 26th 2010, 11:32 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Question Re: The Great Australian Property Swindle

Why would Australia follow suit?



This is very true.
Forum: Australia
Dec 23rd 2010, 11:54 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

To be fair, some of the potatoes are quite good.
Forum: Australia
Dec 23rd 2010, 11:11 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

Can you be more specific? What, exactly, is happening in Australia that also happened in Ireland?



:confused:

Stamp duty is in the process of being phased out, and has already been...
Forum: Australia
Dec 20th 2010, 11:33 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Lightbulb Re: The Great Australian Property Swindle

No Australian banks were in danger of collapse. The Australian government guaranteed deposits as a precautionary measure, not a bailout. The lack of overseas funding was due to the collapse of...
Forum: Australia
Dec 20th 2010, 11:00 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Lightbulb Re: The Great Australian Property Swindle

I didn't claim that the US banks were secretly insolvent for years. They were certainly taking massive risks for years, and the scope of these risks was potentially calamitous (as we saw in the...
Forum: Australia
Dec 20th 2010, 7:41 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

What else would you expect them to say?



I don't claim otherwise. What's your point?

It's one thing to say point out someone has a highly active propaganda machine. It's quite another...
Forum: Australia
Dec 16th 2010, 11:07 pm
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

The IMF can be forgiven for not realising the full extent of the problem, since the big financiers (Goldman Sachs, etc.) were working hard to conceal it every step of the way. We do not have a...
Forum: Australia
Dec 16th 2010, 11:26 am
Replies: 1,008
Views: 102,426
Posted By Vash the Stampede

Smile Re: The Great Australian Property Swindle

I agree that Australia's property bubble is unsustainable. I've said this repeatedly. But I don't believe it will burst with a crash, and I have see no evidence to support that hypothesis.

On...
Showing results 1 to 25 of 47
 


 
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