Myth Busters – Episode 2!

Man you must have no life or just simply bored <edited>less.

Byronent
Adelaide SA

You live in a world of fantasy.

I think we have a Doc on here that maybe be able to help.

Doc, are you here Doc?

Byronent
Adelaide SA

F, you make the proposition that some of the myths being presented in the media, this and other forums. You are endeavouring to misrepresent and take out of context comments made to different questions and piece them together to make your case.

One of those is that population growth has fuelled the house price boom. Actually I don’t think that has been anyone’s claims!! To represent otherwise is misleading. It is has been used, as per all your quotes, as one factor which underpins demand, which is in fact what your ABS reference confirms.

Regarding the supply of apartments, well for those who have been on these forums for some time now, there is general acceptance of that there are areas where this exists.

You also fail to mention a major caveat on your assertion that rentals have not kept up with inflation. Your reference also states To the extent housing quality has increased, actual rents for all rental dwellings on average may have grown more strongly than the underlying rent index series, which measures rents for constant quality accommodation.

As for your methodology, I also have an issue in comparing different figures from different reports and drawing conclusions from those, moreover representing your opinions as facts. Different time periods, different data sources, different methodologies (?)

I guess, the real question is, given the state of the property market, how do you create value? Now that, is what I believe is more pertinent today. This is a value add conversation and would be interested to hear your thoughts on this…

http://en.wikipedia.org/wiki/Internet_troll

See definition:

Internet troll

From Wikipedia, the free encyclopedia.
An internet troll is a person who sends duplicitous messages hoping to get angry responses, or a message sent by such a person. The term derives from the phrase “trolling for newbies” and ultimately from trolling for fish; it first appeared on Usenet. The term is frequently abused to slander opponents in heated debates and is frequently misapplied to those who are ignorant of etiquette.

Trolling is often described as an online version of the breaching experiment, where social boundaries and rules of etiquette are broken. Self-proclaimed trolls often style themselves as Devil’s Advocates or gadflies or culture jammers, challenging the dominant discourse and assumptions of the forum they are trolling in an attempt to subvert and introduce different ways of thinking. Detractors who value etiquette claim that true Devil’s Advocates generally identify themselves as such for the sake of etiquette, whereas trolls often consider etiquette to be something worth trolling in order to fight groupthink.

Trolls are sometimes caricatured as socially inept. This is often due to the fundamental attribution error, as it is impossible to know the real traits of an individual solely from their online discourse. Indeed, since intentional trolls are alleged to knowingly flout social boundaries, it is difficult to typecast them as socially inept since they have arguably proven adept at their goal

Hey Foundation,

I’m enjoying “myth busters” keep them coming.

Interesting to note how upset the permabulls become over this…real zealot type stuff. LOL

Cheers

Wayne,

You have called me a property bull on many occasions, but fear not, I am hardly insulted by it at all; quite the opposite in fact.

FYI I do not invest in property ONLY although that is predominantly my preferred market. My knowledge is infantile in comparison to your re the share market (and to be honest I don’t think I will ever be a match for someone like you who trades every day) however, I am happy to learn slowly.

I am not in the slightest upset by Foundations “myth busting” efforts; they are interesting, amusing and definitely good value. It is HIS BEHAVIOUR which concerns and annoys me and others in the forum. Please do not confuse the two; although I do not know Foundation well, I do know you Wayne, and your love of a good debate, but that insulting someone with an opposing view is hardly healthy debate don’t you think???

Cheers,

Jo

Hang on, going back to all the stats presented at the start of the thread… Re, housing construction figures.

Is there any numbers available on dwellings DEconstructed, how would this change the figures? Eg, if alot of the new dwellings are developments of residential blocks with an old residence demolished to make way for 2, 3, or 4 new ones.

If for every 20 dwellings that are constructed, one is removed from supply, the new households:new dwellings ratio would change fairly considerably.

Hmmm.

~jo~