Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 1 minute ago, Mac Mickmanus said: During the GFC 2008, house prices in the UK fell by 20 % over the period of 12 months , Bitcoin can lose 20 % of its value within minutes Property prices didn't go down to zero anywhere In the US lots of people walked away. The mortgage was higher than land value. I knew a guy who bought a house for $40,000, then sold it for $200,000. Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 town in Australia's Queensland is giving away free land via government grants in a bid to boost housing. https://www.independent.co.uk/news/world/australasia/australia-quilpie-free-land-residents-b1935991.html Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 25 minutes ago, Celsius said: think there is a better chance of ownining smaller cap coins with limited supply Btc has 21m only. Most small coins have like 1bn. Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 16 minutes ago, Sparktrader said: In the US lots of people walked away. The mortgage was higher than land value. I knew a guy who bought a house for $40,000, then sold it for $200,000. Yes, interest rose and they couldn't afford the mortgage repayments , same thing could very well happen again soon with interest rates rising again . But the property value didnt go down to zero , Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 2 minutes ago, Mac Mickmanus said: Yes, interest rose and they couldn't afford the mortgage repayments , same thing could very well happen again soon with interest rates rising again . But the property value didnt go down to zero , Land held value House went to zero Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 3 minutes ago, Sparktrader said: Land held value House went to zero In the UK, you buy the land and house together as one thing , they don't have separate prices and thus the price for the land and house are the same and it didn't go to zero Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 Just now, Mac Mickmanus said: In the UK, you buy the land and house together as one thing , they don't have separate prices and thus the price for the land and house are the same and it didn't go to zero 40,000 is what the land is worth. House free. Houses depreciate every year. After 40 years they are worthless without maintenance. They fall apart. Materials rust and rot. Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 4 minutes ago, Sparktrader said: 40,000 is what the land is worth. House free. Houses depreciate every year. After 40 years they are worthless without maintenance. They fall apart. Materials rust and rot. That is in Thailand , houses in the UK last for hundreds of years and gain value over the years , house in Thailand last for about 20 years and lose value the older they get , bit like Pattaya bar girls Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 3 minutes ago, Mac Mickmanus said: That is in Thailand , houses in the UK last for hundreds of years and gain value over the years , house in Thailand last for about 20 years and lose value the older they get , bit like Pattaya bar girls UK houses lose value. Land goes up. UK houses get maintenance. No UK house 200 years old and liveable has not had maintenance. Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 Sydney has $3m houses that are rubbish. Barely liveable no garage and tiny. The value is the land. In Tamworth a house and land deal might be $300,000 awesome house. If you cannot understand this I cant explain it anymore. Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 1 minute ago, Sparktrader said: UK houses lose value. Land goes up. UK houses get maintenance. No UK house 200 years old and liveable has not had maintenance. A house built on land is one price , they aren't two separate prices and you cannot buy one without the other . Yes, houses need constant maintenance , every house in the world needs to be maintained , otherwise they fall into neglect and disrepair U.K house price cost "losing value" Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 Just now, Mac Mickmanus said: A house built on land is one price , they aren't two separate prices and you cannot buy one without the other . Yes, houses need constant maintenance , every house in the world needs to be maintained , otherwise they fall into neglect and disrepair U.K house price cost "losing value" By definition houses lose 2.5% a year flatline depreciation. Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 (edited) 8 minutes ago, Mac Mickmanus said: house built on land is one price , they aren't two separate prices and you cannot buy one without the other . Irrevalent. The house goes from 150k pounds to zero over 40 years without maintenance. The land goes from 150k pounds to 1.2m pounds over 40 years. Start price 300k End 1.2m Why do you think developers buy old rubbish houses then bulldoze them? Cause the land is worth millions Edited November 10, 2022 by Sparktrader Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 3 minutes ago, Sparktrader said: By definition houses lose 2.5% a year flatline depreciation. Are you in Australia ? Did you look at my graph upside down ? In the U.K it shows the graph going in a upward direction The price is appreciating and NOT depreciating Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 1 minute ago, Mac Mickmanus said: Are you in Australia ? Did you look at my graph upside down ? In the U.K it shows the graph going in a upward direction The price is appreciating and NOT depreciating Land goes up 7.5% House goes down 2.5% Net gain 5% This is how real estate works worldwide. Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 While property prices have stagnated, dipping 0.2% from last quarter, residential land values have risen by as much as 15% in some UK cities. https://www.showhouse.co.uk/features/land-values-rising-higher-than-house-prices/ Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 2 minutes ago, Sparktrader said: Irrevalent. The house goes from 150k pounds to zero over 40 years without maintenance. The land goes from 150k pounds to 1.2m pounds over 40 years. Start price 300k End 1.2m Why do you think developers but old rubbish houses then bulldoze them? Cause the land is worth millions So, why don't you go and move into one of those "free" houses ? House and land prices are the same one price and that one price will be more if the house is maintained Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 Just now, Mac Mickmanus said: So, why don't you go and move into one of those "free" houses ? House and land prices are the same one price and that one price will be more if the house is maintained Land is about location. Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 5 minutes ago, Sparktrader said: Sydney has $3m houses that are rubbish. Barely liveable no garage and tiny. The value is the land. In Tamworth a house and land deal might be $300,000 awesome house. If you cannot understand this I cant explain it anymore. That is the location, popular locations are more expensive than the not so popular locations . You cannot just buy the house in Sydney without also buying the land Link to comment Share on other sites More sharing options...
Celsius Posted November 10, 2022 Share Posted November 10, 2022 1 hour ago, Sparktrader said: Ftx has nothing to do with bitcoin. And? Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 Just now, Mac Mickmanus said: That is the location, popular locations are more expensive than the not so popular locations . You cannot just buy the house in Sydney without also buying the land Land is location. Houses depreciate by definition. Sydney homes for $3m can easily be 95% land value 5% house. Many houses are rubbish. A Tamworth home for $300,000 is 65% house 35% land. Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 1 minute ago, Celsius said: And? You claimed the end of btc. ie no idea Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 3 minutes ago, Sparktrader said: While property prices have stagnated, dipping 0.2% from last quarter, residential land values have risen by as much as 15% in some UK cities. https://www.showhouse.co.uk/features/land-values-rising-higher-than-house-prices/ Yes, there have been interest rates hikes recently and probably some more to come and people are having difficulties repaying their mortgage and property prices could lower even further . Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 1 minute ago, Mac Mickmanus said: Yes, there have been interest rates hikes recently and probably some more to come and people are having difficulties repaying their mortgage and property prices could lower even further . Yet land goes up 15% lol 1992 Sydney $120,000 house average land. Now $3m. The house is c grade. The land went from $25,000 to $2.98m. Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 15 minutes ago, Sparktrader said: Land goes up 7.5% House goes down 2.5% Net gain 5% This is how real estate works worldwide. Why not just buy the house then and not bother buying the land the house sits on ? Just go and "buy" a free 40 year old house and not bother buying the land ? You cannot do that because the house and land price are the same one price and you cannot separate them Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 Just now, Mac Mickmanus said: Why not just buy the house then and not bother buying the land the house sits on ? Just go and "buy" a free 40 year old house and not bother buying the land ? You cannot do that because the house and land price are the same one price and you cannot separate them That makes no sense. People buy the land and get a cheap house. Link to comment Share on other sites More sharing options...
Gottfrid Posted November 10, 2022 Share Posted November 10, 2022 On 2/15/2022 at 4:08 PM, Pravda said: That's 200k Canadian and I'm up 553 bucks. Nah, as of now you are down approx 50%, so you have about 100k left. Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted November 10, 2022 Share Posted November 10, 2022 7 minutes ago, Sparktrader said: That makes no sense. People buy the land and get a cheap house. Its one price , land and house together as one price . Its not two separate prices Link to comment Share on other sites More sharing options...
Sparktrader Posted November 10, 2022 Share Posted November 10, 2022 1 minute ago, Mac Mickmanus said: Its one price , land and house together as one price . Its not two separate prices But the %s change. Land 40% to 95%. Link to comment Share on other sites More sharing options...
Celsius Posted November 10, 2022 Share Posted November 10, 2022 20 minutes ago, Sparktrader said: You claimed the end of btc. ie no idea No. I never claimed that. It seems like you can't read at all. Bye Link to comment Share on other sites More sharing options...
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