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Media - what a difference a month or so makes

Discussion in 'Investor Psychology' started by dabbler, 14th Oct, 2015.

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  1. dabbler

    dabbler Well-Known Member

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    You can see how the media try/do influence things.

    It is amazing what a month or so does, from all the greedy investor landlords cleaning up to all of Sydney in a housing price fall......

    The doom and gloom starts, I think it will work, banks now assisting,

    Does it change your outlook ?
     
    dabbler, 14th Oct, 2015
    #1
  2. jins13

    jins13 Well-Known Member

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    Business as per usual with my strategy
     
    jins13, 14th Oct, 2015
    #2
  3. Big Will

    Big Will Well-Known Member

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    Nothing changes, see it before and guess what in a couple of years it is booming and people cannot afford property still!
     
    Big Will, 14th Oct, 2015
    #3
  4. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Agree with Will.

    Nothing we haven't seen before.

    Cheers

    Jamie
     
    Jamie Moore, 14th Oct, 2015
    #4
  5. THX

    THX Well-Known Member

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    Remember the good old days when the media reported the news and didn't try to make it...

    I don't :p
     
    THX, 14th Oct, 2015
    #5
  6. Rumplestiltskin

    Rumplestiltskin Well-Known Member

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    And yet when they reported during the housing boom, you all lapped it all up like new born kittens.
    My how the worm turns when the tune changes.:rolleyes:
     
    Rumplestiltskin, 14th Oct, 2015
    #6
  7. datto

    datto Well-Known Member

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    Gloom n doom? Bring it on! Time to pick up some bargains lol.
     
    datto, 14th Oct, 2015
    #7
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  8. Matty77

    Matty77 Active Member

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    I agree datto! :)
     
    Matty77, 14th Oct, 2015
    #8
  9. D.T.

    D.T. Specialist Property Manager Business Member

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    Not interested in media at all - its all either paid infotorials, sob stories from 'battlers' or mega over reactions to whatever is going on at the time. Much happier life since paying attention to zero of it.
     
    D.T., 14th Oct, 2015
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  10. Azazel

    Azazel Well-Known Member

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    It's obviously not all one market.
    Adelaide in the stinker, Sydney at the peak. Plenty of markets in between.
     
    Azazel, 14th Oct, 2015
    #10
  11. dabbler

    dabbler Well-Known Member

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    Yeah I know, it is all closer to entertainment, kind of like one player has a meeting in the morning, what are we gonna run with this week...... oh yeah, we have not done the property bust stories for a while, and the rest of the mob also bang on about it, till they recycle to the next thing, guns, drugs, war, refugees.......or whatever.

    Would be kind of frustrating to be stuck in that merry go round if you wanted to be a serious journalist and you have to carry on with the game they all play.

    We are moving toward the US model, where it is all about running with things of your liking politics wise or other pet hates or dislikes, The vocal minorities often get the megaphone it seems.

    But it must work, politicians often seem to base policy around what runs on the news.
     
    dabbler, 14th Oct, 2015
    #11
  12. MGF

    MGF Well-Known Member

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    It goes like this:

    Clearance rates up! Prices up! -- "Hey, wonderful, get in quick! Ride the train!"

    Clearance rates down! Prices falling! -- "Oh, you can't trust the media. Statistics can be manipulated to prove anything. Yawn, seen it all before."

    The cognitive dissonance is painful...
     
    MGF, 15th Oct, 2015
    #12
  13. cdchi1

    cdchi1 Well-Known Member

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    Long termer - don't care. If prices do fall to any substantial degree, I'll be able to buy my third IP in my fave blue chip area - I'm priced out of it atm.
     
    cdchi1, 15th Oct, 2015
    #13
  14. wylie

    wylie Moderator Staff Member

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    Me too. I've ridden the IP roller coast for over 35 years... seen plenty of ups, plenty of downs. We don't hold a lot, but have more equity than debt, and whilst I'm not saying there are not things to be concerned about, if we sold when we were spooked, we would have nothing much.
     
    wylie, 15th Oct, 2015
    #14
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