Prominent investor forecasts housing collapse

Power Ranger
Mister Big

Posts: 14,838

Prominent investor forecasts housing collapse Jun 11, 2019 12:09:23 GMT via mobile

Quote

Post by Power Ranger on Jun 11, 2019 12:09:23 GMT

comparable to Ireland in 2007. A lot of people value this guy’s opinion.

www.dailymail.co.uk/news/article-7126619/The-Barefoot-Investor-warns-Australian-economy-brink-collapse.html

I hope it collapses enough for me to nick an investment property. I’m going to save harder.

Last Edit: Jun 11, 2019 12:10:01 GMT by Power Ranger

Flying Monkeys M Posts: 48,076 Member is Online	Prominent investor forecasts housing collapse Jun 11, 2019 20:26:19 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Flying Monkeys on Jun 11, 2019 20:26:19 GMT When will the low interest rate period start coming to end for the sub-prime buyers? Stand well clear when that time is reached - it does look like a replica of 2007 waiting to happen.
	It's insanity gone mad!

Power Ranger
Mister Big

Posts: 14,838

Prominent investor forecasts housing collapse Jun 11, 2019 20:48:33 GMT via mobile

Quote

Post by Power Ranger on Jun 11, 2019 20:48:33 GMT

Jun 11, 2019 20:26:19 GMT Flying Monkeys said:

When will the low interest rate period start coming to end for the sub-prime buyers? Stand well clear when that time is reached - it does look like a replica of 2007 waiting to happen.

We had interest-only loans for the first five years and many of those have finished the five year period with many more yet to reach that point. I guess if there’s a recession and unemployment increases then it will be interesting.

Last Edit: Jun 11, 2019 20:49:29 GMT by Power Ranger

ZolotoyRetriever
Colonel Rosa Klebb

An actor out alone, a rider on the storm...

Posts: 5,491

Prominent investor forecasts housing collapse Jun 12, 2019 4:35:56 GMT Power Ranger likes this

Quote

Post by ZolotoyRetriever on Jun 12, 2019 4:35:56 GMT

Jun 11, 2019 12:09:23 GMT Power Ranger said:

comparable to Ireland in 2007. A lot of people value this guy’s opinion.

www.dailymail.co.uk/news/article-7126619/The-Barefoot-Investor-warns-Australian-economy-brink-collapse.html

I hope it collapses enough for me to nick an investment property. I’m going to save harder.

I just read this:
www.zerohedge.com/news/2019-06-11/australias-grim-retail-sector-clearly-recession-warns-national-australia-bank

A leading Australian business survey has concluded that the continent's retail sector is "clearly in recession".

New data from NAB shows Australia's "Index of Business Conditions" falling by 2 points in May, putting it well below its long run average. The data comes a week after Australia's Reserve Bank was forced to cut interest rates to its lowest level in history and additional data from the Australian Bureau of Statistics showed the economy had slowed to its weakest level since the 2009 financial crisis...

Don't mess with me, man! I know karate, judo, ju-jitsu.... and several other Japanese words.

Prominent investor forecasts housing collapse

Post by Power Ranger on Jun 11, 2019 12:09:23 GMT

Post by Flying Monkeys on Jun 11, 2019 20:26:19 GMT

Post by Power Ranger on Jun 11, 2019 20:48:33 GMT

Post by ZolotoyRetriever on Jun 12, 2019 4:35:56 GMT