Ten years on..

Discussion in 'Property Market Economics' started by willair, 14th Sep, 2018.

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  1. willair

    willair Well-Known Member Premium Member

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    willair, 14th Sep, 2018
    #1
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  2. Dean Collins

    Dean Collins Well-Known Member

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    Worthy reading.

    Interesting point about nothing major to 2020 and govt manipulation changing the rules (my personal echo-chamber...?) i still think there will be a short dip in March when people start filing USA tax returns and learning what the Trump tax cuts mean to them.

    - https://business.financialpost.com/news/economy/what-the-big-shorts-steve-eisman-thinks-of-the-financial-crisis-10-years-later?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FP_TopStories+%28Financial+Post+-+Top+Stories%29#comments-area
     
    Dean Collins, 14th Sep, 2018
    #2
  3. quintets

    quintets Active Member

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    Interesting read.

    I remember five years ago there were real estate experts spruiking "How to buy property in the USA" tours through Australia. Are these still going? Or has the market scared everyone off?
     
    quintets, 16th Sep, 2018
    #3
  4. Dean Collins

    Dean Collins Well-Known Member

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    The big problem in the USA is that mortgages have gone from 30 year fixed 3.5% to 4.25% (and will go up another 0.5% in the next 12 months......

    This makes a big big difference to the number of transactions. (will pick up once people forget 3.5% was even a thing in 2-3 years from now).
     
    Dean Collins, 16th Sep, 2018
    #4
  5. 2FAST4U

    2FAST4U Well-Known Member

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    "When the easy credit vanished, so did a huge pool of potential buyers".
     
    2FAST4U, 17th Sep, 2018
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  6. FXD

    FXD Well-Known Member

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    Hi experts,

    Has anyone had read-between-the-lines thought on Ray Dalio's comment or view on the next US
    crisis as per a recent AFR article, although his view is on the USD plunge.

    Also, has anyone had a chance to finish reading his new book titled "A Template For Understanding Big Debt Crises" ? What's your thought on his "debt template" and if it is similarly
    applicable to the Australian situation?

    I know there have been lots of argument vs US doom sayers about Australian properties market
    and that out market dynamic is different etc. However, debt is debt and over leveraging of it is
    never a good thing if debts not contributing to productivity or real economic gains.

    I am no major in economics of this and will definitely be interested in hearing some of your expert
    opinions.

    Thanks,
    FXD
     
    FXD, 17th Sep, 2018
    #6