Housing Bubble Whoopee Cushion!

Viewing 10 posts - 1 through 10 (of 10 total)

kay henry
Member
@kay-henry
Join Date: 2003
Post Count: 2,737
May 7, 2004 - 2:16 pm
hehe- made ya look! Don’t shoot me- I’m just the messenger with the bad headline. And now, for your reading pleasure…
http://smh.com.au/articles/2004/05/07/1083911408178.html
http://smh.com.au/articles/2004/05/07/1083911408517.html
kay henry
JetDollars
Participant
@jetdollars
Join Date: 2003
Post Count: 2,435
May 7, 2004 - 3:50 pm
Kay,
Too much reading is not good for you … LoL
Back to the basic is the way to go. Buy property, sit on your hand for 10 years and sale!
If you are like Jan Somers then buy and hold forever I guest!…LoL
If you are like Steve McKnight then keep looking you nearly get there!
Back to the share market…LoL
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]
kay henry
Member
@kay-henry
Join Date: 2003
Post Count: 2,737
May 8, 2004 - 1:45 am
And it’s Number 1 article on page one of today’s Australian newspaper:
Housing Bubble Bursts: Reserve Bank
http://www.theaustralian.news.com.au/common/story_page/0,5744,9500942%255E601,00.html
And then this article: Think Housing Prices never fall?
http://www.theaustralian.news.com.au/common/story_page/0,5744,9499163%255E31478,00.html
kay henry
kay henry
Member
@kay-henry
Join Date: 2003
Post Count: 2,737
May 8, 2004 - 2:00 am
Some good news for investors- prediction is, no interest rate rises for a few months (ahhh, but we knew that, dind’t we?) My hit prediction is none for 6 months, but get back to me if I’m wrong (you know you want to) :
http://www.theage.com.au/articles/2004/05/07/1083911405337.html
kay henry
PurpleKiss
Participant
@purplekiss
Join Date: 2003
Post Count: 580
May 9, 2004 - 2:35 pm
Interesting, the last line, if housing prices do fall quickly then the RBA can cut interest rates. I guess that’s our silver lining.
Kay, I like your estimate of 6 months with no rises. If we were placing bets, then I’d put a few dollars on your guess.
PK
SuperTed
Member
@superted
Join Date: 2003
Post Count: 205
May 9, 2004 - 10:10 pm
I wouldnt
aussierogue
Participant
@aussierogue
Join Date: 2003
Post Count: 983
May 10, 2004 - 12:55 am
interest rates up next month!! 70 pct chance
kaloni
Member
@kaloni
Join Date: 2003
Post Count: 124
May 10, 2004 - 3:59 am
Originally posted by PurpleKiss:
Interesting, the last line, if housing prices do fall quickly then the RBA can cut interest rates. I guess that’s our silver lining.
Kay, I like your estimate of 6 months with no rises. If we were placing bets, then I’d put a few dollars on your guess.
PK
Keep an eye on the US rates I think they will go
up soon so my bet is if they will not go up June
Then july for sure
Fern
Member
@fern
Join Date: 2004
Post Count: 45
May 10, 2004 - 5:25 am
Originally posted by PurpleKiss:
Interesting, the last line, if housing prices do fall quickly then the RBA can cut interest rates. I guess that’s our silver lining.
PK
I can’t see them cutting interest rates when the inflationary affects of oil at US$40 per barrel (and still rising) coupled with the falling AUD$ puts the pressure on.
Aceyducey
Participant
@aceyducey
Join Date: 2003
Post Count: 651
May 10, 2004 - 10:00 am
Originally posted by kaloni:
Keep an eye on the US rates I think they will go up soon so my bet is if they will not go up June Then july for sure
Kaloni, you should consult to the US Federal Reserve. You know more about what they’re doing than they do [biggrin]
US has indicated that they will raise rates in August at earliest.
It’s been in the press over the last month.
Cheers,
Aceyducey