66 replies to this topic

[eyoismos]

are you suggesting that the property market is going to crash world wide.... or only in australia?

[russel]

WORLD WIDE is beyond my scope.but in australia definitely..!

Greece,already has hit the doldrums.

i have sold as much real estate as i can up to now.im stuck with stuff in greece,but thats different.but anywhere i had holdings ive eliminated or trying to.

Eyo,the world is not in good shape.

the same fuckwits<my banking friends> that fucked up the world last time in 2008,are still there fucking it up still..

and we are running out of cash by govts to put out the fire.

and when people dont have money or jobs,how can real estate hold up..see my point..?

i dont say everything i have here..but put it this way..last 6 months ive sold..6 properties..world wide..london,hk,singapore..

maybe ive fucked up..maybe..but better to have some profits and have less profits,than being left with nothing and having negative value..

anyway...check it out but be wary my friend..truly.be wary of property.but i guess it all depends.i dont know africa,and it may follow other rules..

[eyoismos]

in my neck of the woods...... it seems the middle class has risen quite significantly .... with the respective rise in real estate prices

part is based on international bucks being pumped in ...but part is also because of internal economics
so .... though the shit has hit the fan internationally .....and their will be some consequence ..... usually takes 1-2 years before impact is felt ......the fact of internal growth, i suspect, will compensate quite adequately

basically... the way i see it .....africa is going to be the place to be ....especially because international concerns have fucked up in its dealing with africa over the years....and africa is going to take full advantage of the "stupidity" of the west (and we are talking on a country to country level ... on a business level ......pretty sure its going to be some awesome years ahead...... before some future crash.....why? because africa has learned from the best of the best αρχικλέφτες τραπεζίτες and "business" of the world)

i am of course referring to certain countries..... because others ......they are still heavily involved with top notch wanking of the "political" kind and refuse to see the forest from the trees


at least ...that is my take of it

[eyoismos]

as for greece.... that χαράτσι on home owners is probably one of the most stupid measures taken so far...... ESPECIALLY afterthe dropping of the "πόθεν έσχες"

which home owner would trust any government .... and who in their right mind would buy property with "Stolen money"?

a case of cutting you nose to spite your face

[TZAKI]

the frustrating thing is my hubby is trying to hold onto it with his dear life....things are nuts around here..Im definitely not happy...

i'll just have to stick with loyal...

[russel]

i agree about africa.theres a lot of interest,and i think it may well go against the world wide trend.certainly,it is more interesting than anything going on around the world at the moment.#

tzaki,truly..be careful..none of us have crystal balls..but..property in australia is not looking good.there needs to be a correction.

as i said to Eyo,i could be wrong.i have sold some really good property lately,because i am pessimistic.
now,maybe i have lost by doing this..maybe..it will go up another 20% and i have fucked up..but i can live without the profit..but if it drops to 50% of its value..ill be kicking myself..

greece is a smokescreen.the truth is most western countries are leveraged to their eyeballs,it is just noone has focused on them.

[TZAKI]

under the ashes the Pheonix will rise...

newer and stronger

The Pheonix is immortal...like Greece.