Housing prices have been coming down in real terms for much of 2011 and this negative growth trend is something that property analysts expect to continue for at least the rest of the year, probably longer.
With investment in residential property more likely to lose the average homeowner money in the near term, Moneyweb asks whether those consumers who have a choice should be opting to rent or to buy.
27 August 2011
Saturday Open Thread: "Prices to Decline" - MoneyWeb
Residential property prices to deteriorate
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31 comments:
No wait! it is a good time to buy....
http://is.gd/xbrLdR
Ouch CJ how is that stock portfolio doing ?
Oops !! LOL
Property, still the king of the investements
Apparently for some (with brass balls or no sense) it is a good time to buy.
I say so because last weekend, across the road from us (in Brooklyn), a new neighbour bought a 3 bedroom small house on a 450m2 plot in need of plenty TLC. Price paid R 540 k.
The very day transfer occured, the work crews arrived and ripped out the old window frames and fitted aluminium ones.
When we went to welcome her she said she is not moving in - she's just "flipping" the house.
We think she's nuts.
She could flip it profitably if she had payed 150 k - but not at 540 k.
We think she's sitting on an illusion.
The days of flipping houses are over, but your lady will find that out the hard way
For christ's sake, how much longer do people think you can make money on a junker home by slapping on a coat of paint and plonking down granite tops?
The "stupid" is sitting on the other side of that equation now
@ Anonymous (1:41 pm).
Please don't mention the stock market.
It's depressing and makes me want to cry.
CJ - stock market - cry? - get short, my son!
Regards, Munch
Fake CJ post above.
The real CJ has a system that plays the international futures markets and makes money no mater what they do ...
It's all about graphs, cycles and patterns ... just like housing
My system is foolproof.
It's all about patience and being willing to do the research.
My returns have equaled 40% per annum since 2003.
So buy your properties and I'll buy shares, bonds and derivatives.
Just don't blame me when you've lost your shirt.ut patience and being willing to do the research.
My returns have equaled 40% per annum since 2003.
So buy your properties and I'll buy shares, bonds and derivatives.
Just don't blame me when you've lost your shirt.
@ CJ praat kak.
40% returns! Sounds like a pyramid scheme to me or pure made-up nonsense.
Am flattered. You know you've become a minor celeb when the planks use your name for their planky little comments. Thanks, lads. 'Preciate it.
@ CJ
Why did you have to tell us twice?
Stop whining and get short!
Regards
Munch
Hallo renters
I am back.
People owning stocks like CJ would have recently taken a battering on the stock market !
The fantastic thing about property is that it has remained stable during this time of turmoil.
Property, still the king of investments.
JJ
This comment board is pathetic. Little boys at a Pi$$ing contest. Shame.
Hey CT Bubble
Looks like you have one of the property guys trying to wreck your website - funny how when they don't like us revealing a few hard truths, they are unable to come up with counter arguments so they resort to trying to vandalise the website instead so as to try and prevent others from learning the truth.
There are a whole bunch of fake posts above - time to get some moderation going here, ban a few IPs if possible and delete the moron's posts.
Hi all
Get short!
Regards
Munch
I'm quitting this website.
I'm tired of these fake posters tarnishing the "CJ Says" brand.
Christina "CJ" Janssen..
these fake posters tarnishing the "CJ Says" brand.
Christina "CJ" Janssen..
@ CJ
I can't believe you snitched to the teacher.
Very interesting that the bulls have called us names, laughed, mocked, pointed fingers, etc, but until now they've NEVER resorted to trolling and trying to stuff around with our names. Agree that it's time to start banning IP addresses.
Smell the fear ... with the "fear" stage of the bubble graph imminent, you could argue that the desperation of idiots like our spammer who is obviously still in denial, is even further proof that a property crash is underway.
In his simple mind he probably thinks that if people don't know about the truth they will rush out and buy houses.
Of course the flaw in this thinking is that people are refusing to buy houses because they are double the price they should be and they simply can't afford them. It has nothing to do with us. We are just informing interested parties about what is happening.
I can just imagine this fool as being some sucker who went to a weekend "easy steps to become a millionaire property owner" workshop and then rushed off and bought a bunch of properties near the peak, which are now falling in price and he is wetting himself that what we say might happen.
He needs some sucker to take them off him first ... if he can just silence us he stands a chance of grabbing one of the other ill informed property suckers out there who don't yet realise that the property wonder years are not returning any time soon ... and that a similar boom like we just had will not be seen ever again in our lifetime.
Guys just get Gmail account and sign in when you comment and blogger will identify you.
CJ Says is CT Bubble.
Don't deny it, you coward.
I figured it out, a while back when you set up your "saturday open thread" and left a comment on realestateweb immediately after that.
The times don't lie.
So this is your pathetic blog, CJ.
Also according to JJ, you are also Bean counter.
This is so sad,because the only people leaving comments is you.
Pathetic. I'm probably your only reader.
(Now you'll probably have a parade of anonymous comments proving me wrong, but I'll know it's you).
out, a while back when you set up your "saturday open thread" and left a comment on realestateweb immediately after that.
The times don't lie.
So this is your pathetic blog, CJ.
Also according to JJ, you are also Bean counter.
This is so sad,because the only people leaving comments is you.
Pathetic. I'm probably your only reader.
(Now you'll probably have a parade of anonymous comments proving me wrong, but I'll know it's you).
I'm not CJ or Bean Counter. Not that I'm losing sleep over this...
SHUT UP!
And get short!
Regards
Munch
* Sigh *
I really enjoy this blog but it seems that the useless trolls from RealestateWeb have fluttered over here since it's demise.
Pity. I guess CT Bubble will have to moderate from now on. At first it was leg cream guy but it seems he spread the news to the rest of the degenerates.
@ CT Bubble-
head.
Nice denial , but I'm not buying the crap you're selling.
CT Bubble, Bean Counter and CJ are the same imbecile.
I know it, you know it and all 3 of your readers know it too.
I know logic is not a strong point amongst those spammers who can't stomach the hard truths on websites like these, but lets face it, any fool with an iota of intelligence can see that the writing styles of myself, CT Bubble and Bean Counter and totally different.
Trust me, I waste far too much time as it is on these sites without adding a couple more personas.
And why should I. I am totally confident in my ideas because they are based on well researched facts and graphs. I certainly don't need to invent fake personas to boost my ego or credibility.
That area tends to be monopolised by morons who are unable to debate coherent argument to counteract my ideas, so instead they resort to spamming under multiple names to make up for their inadequacies.
T@ CJ Praat Kak.
So basically your multiple personalities are there to boost your credibility and ego.
"Writing styles are different", ha ha, that just proves that you go to a lot of effort to fool everybody.
Plus, I'm talking about times, when CT Bubble-head posts , he also posts under CJ Says at the same time on other websites.
Maybe it's just a coincidence that CT Bubble, CJ and Bean Bag are online at the same time -or- you're the same person.
The times don't lie.
to boost your credibility and ego.
"Writing styles are different", ha ha, that just proves that you go to a lot of effort to fool everybody.
Plus, I'm talking about times, when CT Bubble-head posts , he also posts under CJ Says at the same time on other websites.
Maybe it's just a coincidence that CT Bubble, CJ and Bean Bag are online at the same time -or- you're the same person.
The times don't lie.
Oh dear Mr Bean (and all your other fake names)
You really think I would go to all that effort to fool feeble minded people like yourself ... let's face it, you don't even have the confidence to post under your own unique name.
I have the ability and confidence to think for myself ... you obviously don't ... let's leave it at that shall we ...
@ CJ Praat Kak.
Did I touch a nerve? Ha ha.
By the way when are you going to set up the
"Saturday open thread". It' saturday you know! All 3 of your readers are waiting anxiously.
-OR- are you going to do it later, so nobody knows this is your blog.
What's wrong buddy ... got no one to play with you in the sand pit ... try growing up ... it is very obvious that you are still a bit too immature to be hanging out with big people ...
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