Mr Martin North is taken to task by AFR

Take back all those interest rate cuts that happened from 2012 and what would happen to the Sydney and Melbourne property markets.
Just sayin

 

Take out Steve Smith and England would have....

 

Less ball tampering

 

And our economy wont collapse if England win the next ashes or big series.
But it would if IR rate rose by even 200 points.
Our economy was even faltering with a few years of no interest rate movement's after a really big drop between 2012 -2016.
For anyone that had a big mortgage in 2012 thats a huge saving, , it would even buy you a cheap brand new car every year.

 

Yes. And now we're flying!

 

Anyone with any interest or knowledge in macroeconomics could see in 2012 that interest rates in Australia were only going to go one way for the next few years at least.

 

Has he been really doing this for 20 years? Honest question as he only came up on my view a couple years ago...

 

The OP said he's been getting it wrong since the early 2000s, so that's nearly 20 years.

I don't like these doomsayers. Heck, I've got a vested interest in the property market. Talk it up not down lol.

 

IMO - his data is good for perspective.
It is just the way he analysis it - tunnel vision - like those race horse on a track.

 

Mate I don't know if you heard but the druie is going to be one million bucks median soon even @sash agrees with me on disssss!!!

 

Bout so...... you da man!!!

 

I'm hoping for the day when old 3 bedda fibro ex houso properties sitting on 575 sq metre lots in the Druitt outer suburbs sell for a million bucks!

I'll probably start a thread on it lol.

 

All in due course

 

From Boom To Doom...But Is It Really That Bad?

More predictions early this year.

 

I agree that migrants from 'developing' countries are generally positive with the investment opportunities available in the 'hosting' country and settle down to busily helping themselves. Those from 'developed' countries tend to come from well discussed and ordered economies and tend to preoccupy in what has been popularly termed 'whinging' about situations in the 'hosting' country.

As in everything, there are exceptions to the light-hearted stereotyping above! No offense intended to migrants from developed countries.

 

I think it really all comes back to drive and entitlements. Many migrants from other poorer countries come here and see how much the government helps them how many opportunities they have and think.. what are you crazy.. I'm going to grab every single opportunity I can with all my might and build as much as I can for my family.

Then you have the other crew... Need more, want more, expect more, no gratefulness, the governments terrible, everyone's terrible, corporations are terrible, poor poor me.

I'm a firm believer that the philosophical beliefs we ascribe to in life will greatly determine how the journey of our life turns out.

 

As long as people come to Australia for the values that created the wealth, and not just the wealth itself, then I'm cool with it.

 

Us older (50+) Brits lived through the early 1990s when the housing market collapsed and houses were being repossessed at a massive rate. Irish and Americans saw much the same in the GFC.

 

I've invested though the GFC and did very well. Mostly due to a mindset that I had developed over many years. During the GFC all I was hearing was fear, doom and gloom, don't buy, sell, etc etc. If I'd had the average person's mindset, I would be in a different place today. This is no real secret, you look at all the successful people in the world whether it's investors, teachers, doctors eccetera and the one thing that all of them have in common is a different mindset to the masses.

 

Agree. Contrarians make money. So do optimists.