Is grass greener on the other side?

[coogee]

Sometimes it is not just about money.....

https://www.smh.com.au/national/quee...05-p501xw.html

[coogee]

Food or money for thought during bed time: ...many ozzies who took the variable interest rate and interest-paying-only a few years ago, gonna be panicking aledy! Those who think they can flip also kenot sleep dy...

So far there is no sign of fire sale or foreclosures, perhaps on the quiet but certainly not reported in the news yet. But for those who bought in more than 2 years ago I think they will still be ahead in equity due to the big price rises. Those who bought in the last 1-2 years or so may be worried especially properties in outer suburbs.

[tupai]

Sometimes it is not just about money.....

https://www.smh.com.au/national/quee...05-p501xw.html

I say, u say, its helluva easy to say if one already have amassed a fortune...

Oops! just saw a sign outside "For SALE" at Keppel St... This limited edition low rise apartment & townhouse project is just what, 4yrs old? Anyway, It should go for min AUD1.2mil or thereabout...*fingers crossed*

[Emersus T]

The Oz household mortgage to GDP ratio is 120 per cent. In term of size, after five years of surging prices, the market value of the Australia’s homes has ballooned to $7.3 trillion – or more than four times the country's GDP. Not even the U.S. property market achieved such height at their peak a decade ago which burst in the 2008 subprime crisis.

The entire property sector in Australia is held up by leverage. As long as the leverage is still available, it may bounce around a bit before crashing. But when home prices dropped substantially below the amount people owed on their mortgages, which made it impossible for them to sell the home and pay off the mortgage, the leverage will disappear. When this happen and with the size of such debt in a country with only 25 million population, God help Australia.

[tupai]

The Oz household mortgage to GDP ratio is 120 per cent. In term of size, after five years of surging prices, the market value of the Australia’s homes has ballooned to $7.3 trillion – or more than four times the country's GDP. Not even the U.S. property market achieved such height at their peak a decade ago which burst in the 2008 subprime crisis.

The entire property sector in Australia is held up by leverage. As long as the leverage is still available, it may bounce around a bit before crashing. But when home prices dropped substantially below the amount people owed on their mortgages, which made it impossible for them to sell the home and pay off the mortgage, the leverage will disappear. When this happen and with the size of such debt in a country with only 25 million population,[SIZE=5] God help Australia.[/SIZE]

..and those with spare money to pick up jolly good deals! they will be YEEHAWWWWWINGGGGGGGGGGGG!!!!!!!!

[Henry T]

Leverage is not a bad thing.

Businesses leverage to grow and people leverage to own assets. Success or failure depends on market conditions and the extend of the leverage.

[Emersus T]

There is a quick way to gauge whether the magnitude of leverage in a country is beyond the acceptable level.

Warren Buffett once said one of the early signs of forthcoming bad time (recession or crisis) is when you noticed people who are dumb suddenly appeared to be rich and they wanna shared their money-making stories from equity or property.

[Henry T]

There is a quick way to gauge whether the magnitude of leverage in a country is beyond the acceptable level.

Warren Buffett once said one of the early signs of forthcoming bad time (recession or crisis) is when you noticed people who are dumb suddenly appeared to be rich and they wanna shared their money-making stories from equity or property.

Yes, like the story of the shoeshine boy giving market tips to Joseph Kennedy.

[tupai]

Yes, like the story of the shoeshine boy giving market tips to Joseph Kennedy.

...and i heard previously or was it recently(?) many got charred when they got hot share market tips from the mai chi-yok loh and reconfirmed by the mai-choy aunty in the wet market :-)

[tupai]

https://thenewdaily.com.au/money/pro...ate%2020180917

[kwchang]

There is a quick way to gauge whether the magnitude of leverage in a country is beyond the acceptable level.

Warren Buffett once said one of the early signs of forthcoming bad time (recession or crisis) is when you noticed people who are dumb suddenly appeared to be rich and they wanna shared their money-making stories from equity or property.

Haha, Buffet never uttered any thing near the above comment
Certainly not

people who are dumb suddenly appeared to be rich and they wanna shared their money-making stories from equity or property

this is certainly the trademark of Opulant.

[BlossomOvalis]

The article where Warren Buffet commented that one of the early signs of bad time is when dumb people appeared to be rich can be found from Sin Chew Online

[BlossomOvalis]

The article was posted to Sin Chew Daily/Money on 14.09.2018, 15.30.

Here is the title of the article - 如何察觉下个风暴？巴菲特：当比你笨的邻居变有钱时 - 财经/星洲网

I have sent the link to your webmaster email. I let you decide whether you wanna admit your stupidity by sharing the linked article in this forum...


p/s: Pay attention to this word "笨" when you are browsing the article with Goggle Translate. Alternatively, you can seek help from your daughter who studied in SJKC before. I'm sure she won't be as dumb as you.....

[kwchang]

The article where Warren Buffet commented that one of the early signs of bad time is when dumb people appeared to be rich can be found from Sin Chew Online

OK I have seen the link to the SinChew and I concur that it was actually as reported what Warren Buffet said.
I stand corrected and I admit my error.
I agree that Google search is not always able to find the article. Thank you for showing it.

But you have, in doing so, removed all doubt that BlossomOvalis is Opulant in a new nick. Congratulations.

[David Midget]

"But you have, in doing so, removed all doubt that BlossomOvalis is Opulant in a new nick. Congratulations."