Getbig.com: American Bodybuilding, Fitness and Figure

Getbig Main Boards => Gossip & Opinions => Topic started by: jwb on October 07, 2010, 12:23:41 PM

Title: Housing bubble anyone?
Post by: jwb on October 07, 2010, 12:23:41 PM
The graph shows prices in the various parts of Sydney, Australia since 1993.

The house in the picture is in the Inner West (the highest growth area since 1993). It is currently on the market for 950k.


Title: Re: Housing bubble anyone?
Post by: Nails on October 07, 2010, 12:26:22 PM
The graph shows prices in the various parts of Sydney, Australia since 1993.

The house in the picture is in the Inner West (the highest growth area since 1993). It is currently on the market for 950k.





For that pile of crap? Why not just live in the outbacks for free with the kangaroos

i'm sure someone out there can't wait to drop $950,000 on a doll house
Title: Re: Housing bubble anyone?
Post by: johnnynoname on October 07, 2010, 12:27:44 PM
aren't their alot of homos and Italians in Sydney?
Title: Re: Housing bubble anyone?
Post by: Tito24 on October 07, 2010, 12:28:20 PM
maybe you should go there then john?
Title: Re: Housing bubble anyone?
Post by: johnnynoname on October 07, 2010, 12:29:05 PM
maybe you should go there then john?

i've considered it
Title: Re: Housing bubble anyone?
Post by: jwb on October 07, 2010, 12:39:23 PM
aren't their alot of homos and Italians in Sydney?
Yeah 2 of the worse groups for driving prices up.
Title: Re: Housing bubble anyone?
Post by: titusisback on October 07, 2010, 01:00:58 PM
The graph shows prices in the various parts of Sydney, Australia since 1993.

That's around 5% appreciation / year for 17 years. What's the big deal?
Title: Re: Housing bubble anyone?
Post by: kmhphoto on October 07, 2010, 01:34:42 PM
That's around 5% appreciation / year for 17 years. What's the big deal?

You need to redo your math
Title: Re: Housing bubble anyone?
Post by: titusisback on October 07, 2010, 01:42:54 PM
You need to redo your math

My bad.. it's around 7% / year  :P
Title: Re: Housing bubble anyone?
Post by: tallgerman on October 07, 2010, 01:44:38 PM
The graph shows prices in the various parts of Sydney, Australia since 1993.

The house in the picture is in the Inner West (the highest growth area since 1993). It is currently on the market for 950k.




Scarcity when avoid capitalism and do governmetn banking.
Mad prices for shitbag commdities instead of constantly lowering prices are productioni gets more advnaced bigger scale and efficeient
Title: Re: Housing bubble anyone?
Post by: jwb on October 07, 2010, 01:53:08 PM
Kevin is right a 5% increase on the average house would be 431k not 626k

1993: 188k
1994: 188k x 1.05 = 197.4k
1995: 197k x 1.05 = 207K
1996: 207k x 1.05 = 217K
1997: 217k x 1.05 = 228k
1998: 228k x 1.05 = 239k
1999: 239k x 1.05 = 251k
2000: 251k x 1.05 = 265k
2001: 265k x 1.05 = 278k
2002: 278k x 1.05 = 292k
2003: 292k x 1.05 = 306k
2004: 306k x 1.05 = 321k
2005: 321k x 1.05 = 338k
2006: 338k x 1.05 = 355k
2007: 355k x 1.05 = 372k
2008: 372k x 1.05 = 391k
2009: 391k x 1.05 = 410k
2010: 410k x 1.05 = 431k

Title: Re: Housing bubble anyone?
Post by: nzmusclemonster on October 07, 2010, 01:57:11 PM
Kevin is right a 5% increase on the average house would be 431k not 626k

1993: 188k
1994: 188k x 1.05 = 197.4k
1995: 197k x 1.05 = 207K
1996: 207k x 1.05 = 217K
1997: 217k x 1.05 = 228k
1998: 228k x 1.05 = 239k
1999: 239k x 1.05 = 251k
2000: 251k x 1.05 = 265k
2001: 265k x 1.05 = 278k
2002: 278k x 1.05 = 292k
2003: 292k x 1.05 = 306k
2004: 306k x 1.05 = 321k
2005: 321k x 1.05 = 338k
2006: 338k x 1.05 = 355k
2007: 355k x 1.05 = 372k
2008: 372k x 1.05 = 391k
2009: 391k x 1.05 = 410k
2010: 410k x 1.05 = 431k



no one gives a fuck asshole.
Title: Re: Housing bubble anyone?
Post by: Tapeworm on October 07, 2010, 04:55:04 PM
Interest repayments are far more than the cost of rent.  I don't understand why anyone would buy a house unless they had a big deposit.  What am I missing?
Title: Re: Housing bubble anyone?
Post by: jwb on October 07, 2010, 05:20:40 PM
Interest repayments are far more than the cost of rent.  I don't understand why anyone would buy a house unless they had a big deposit.  What am I missing?
Sydneysiders have lost their marbles.

This joint is going for 850k
Title: Re: Housing bubble anyone?
Post by: jwb on October 07, 2010, 05:21:24 PM
This one 1.8 million!
Title: Re: Housing bubble anyone?
Post by: Tapeworm on October 07, 2010, 05:22:50 PM
Do not want