flag of convenience Posted October 2, 2016 Share Posted October 2, 2016 Of course. It's generally much easier to go for a beer on a Friday after work during a recession as the beers cheaper and you don't get the crowds. As Jeremy clarkson said, recessions are only a problem if you don't have a job. For everyone else, everything is cheaper and you don't have to queue. Well yes, but those holding onto falling asset prices might not feel so rich, even with a job. Quote Link to comment Share on other sites More sharing options...
newjez Posted October 2, 2016 Share Posted October 2, 2016 Well yes, but those holding onto falling asset prices might not feel so rich, even with a job. Yes that is a problem. So it is better to yank the plaster off quickly rather than slowly. So be it. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 2, 2016 Share Posted October 2, 2016 Yes that is a problem. So it is better to yank the plaster off quickly rather than slowly. So be it. A big hit and rebuild. Get the pain done with. A lot of sense in that but I fear political impossible. Hence the rot will continue without a solution and the fall will be greater down the road. With luck for those in power, it'll be somebodies else's problem. Quote Link to comment Share on other sites More sharing options...
Parley Posted October 2, 2016 Share Posted October 2, 2016 How are you hoping to engineer this massive recession which you seem to favour so much ? Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted October 3, 2016 Share Posted October 3, 2016 I understand the problem it causes. But why does it work for the phone and it industry? May be they were ripping us off in the beginning? Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 How are you hoping to engineer this massive recession which you seem to favour so much ? Preferably by managed control in returning prices and costs to a more realistic level. Far less painful than enforced correction. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 May be they were ripping us off in the beginning? But that applies to a lot of things. Those other things don't correct in the same way. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 Back to Perth. House prices down 2.7% in September. Only city/state to have a fall anywhere near such proportions. The number of rentals point to the declining economy and hence working prospects. Quote Link to comment Share on other sites More sharing options...
Parley Posted October 4, 2016 Share Posted October 4, 2016 Probably a good time to be looking to buy a house in Perth now. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 Probably a good time to be looking to buy a house in Perth now. Well reality agents attempt to suggest as much. Only thing they omit is that prices still have a substantial way to correct yet. Quote Link to comment Share on other sites More sharing options...
newjez Posted October 4, 2016 Share Posted October 4, 2016 (edited) Probably a good time to be looking to buy a house in Perth now. I thought you said deflation would stop people from buying? Of course you are expecting prices to rise. Maybe it's the size of the deflationary asset that matters? Edited October 4, 2016 by newjez Quote Link to comment Share on other sites More sharing options...
Parley Posted October 4, 2016 Share Posted October 4, 2016 Okay. Wait another 6 months and see what happens. Quote Link to comment Share on other sites More sharing options...
Parley Posted October 4, 2016 Share Posted October 4, 2016 I might try and buy that Oswals property in Peppermint Grove. Quote Link to comment Share on other sites More sharing options...
JockinTas Posted October 4, 2016 Share Posted October 4, 2016 I might try and buy that Oswals property in Peppermint Grove. I think it was recently torn down. They still own the land though. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 Okay. Wait another 6 months and see what happens. What do you propose is most likely to happen over the next six months? Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 I think it was recently torn down. They still own the land though. Just the other day at a cost to the Peppy Council of close to $100,000. It was quite an event with loads of spectators present.The council will attempt to recoup the losses on sale of the land. Quote Link to comment Share on other sites More sharing options...
Parley Posted October 4, 2016 Share Posted October 4, 2016 My crystal ball is a little cloudy today. Quote Link to comment Share on other sites More sharing options...
Parley Posted October 4, 2016 Share Posted October 4, 2016 Very Stormy can't sell his house for a knockdown price. http://www.realestate.com.au/property-house-wa-dawesville-121963642 Quote Link to comment Share on other sites More sharing options...
Guest Posted October 4, 2016 Share Posted October 4, 2016 On the plus side the pound is devaluing quicker than Perth property. Parley you can get the value out your house by selling up and moving there? Quote Link to comment Share on other sites More sharing options...
Parley Posted October 4, 2016 Share Posted October 4, 2016 I suppose some east coasters might move west if prices keep falling over there. Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted October 4, 2016 Share Posted October 4, 2016 But that applies to a lot of things. Those other things don't correct in the same way. But more so with technology, or more like the 'Gadgets'! Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 But more so with technology, or more like the 'Gadgets'! Yes quite possibly but that includes a lot these days. The trick is to ensure frequent replacement. Either through short life products or create 'must have' items that the followers of trends, appears most these days, will adhere to. Not forgetting lots of marketing to a target market. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 I suppose some east coasters might move west if prices keep falling over there. Why ever would they move West? Unless retiring of course as the jobs are not here sans some specific areas of service. House prices in the right locations are hardly cheap by any standards. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 On the plus side the pound is devaluing quicker than Perth property. Parley you can get the value out your house by selling up and moving there? Though Parley is not part of the Perth crew. He'd likely be a horrible blob on the rolling around on the ground suffering convulsions if was, seeing his house worth melt before his eyes. He may have a few years yet. Yes UK could indeed be a better option at some stage. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted October 4, 2016 Share Posted October 4, 2016 My crystal ball is a little cloudy today. A bit cracked as well I suspect, with all the ill treatment dished out to it due to way off the mark predictions. Quote Link to comment Share on other sites More sharing options...
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