Why Warren Buffett Would Be Eyeing Melbourne’s Property Market Right Now, with Brett Warren

[@tonytanou]

Another great podcast. Thanks Michael. Melbourne's roi is the highest it's been in years. What happens when we have Interest rate relief is the big question.

[@MichaelYardney]

@tonytanou I believe when interest rates fall there will be more confidence in the Melbourne market but it will require even more than that -maybe a change of government???

[@L9MN4sTCUk]

Warren Buffet didn't get rich by buying at the top.

[@BenPerkins-n9w]

@@ianmcnamee1652 knowing when to get in and out is what timing the market means. Not time in the market.

[@emp731]

​@BenPerkins-n9w it's funny as I was always told when i was young not to time the market..Just to buy when I was ready as property always goes up..TODAY I see things differently as you can do better by getting your timing right not just with property but everything if timing is part of your thesis

[@L9MN4sTCUk]

@emp731 the last Australian housing bubble was during the gold rush of 1850s. Those who bought at the top had to wait 70 years to break even

[@MichaelYardney]

@emp731 -you are just a theorist makka y. You told us many, many times that you don't own any property and don't intend to.

[@emp731]

​@MichaelYardney No..What I have said is " you don't own property, you only THINK you do "

[@neilr4867]

The Aussie residential property ponzi rolls on.

[@emp731]

So did the titanic for a while

[@MichaelYardney]

@emp731 You've been saying this for over 4 years, and the housing market remains strong and resilient. Time to change your tune - it's embarrassing to be wrong for so long.

[@emp731]

​@@MichaelYardneyat your age Michael what is 4 years? I have a "long term " outlook...I will continue the Titanic metaphor

[@zenmachine50]

he wouldn't. don't be ridiculous. he is a value investor and steers clear of speculative debt fuelled bubbles that rely on state intervention to keep them fully inflated such as the 50% discount on capital gain, negative gearing, immigration and low interest rates (another state run thing run by the RBA)

[@emp731]

Exactly..Michael already knows this and he is playing jeriatrical tickle me elmo games with people.

[@MichaelYardney]

@zenmachine50 you are right he does prefer stocks to property, but if you took the time to watch the video, you don't understand the analogy I was explaining

[@MichaelYardney]

@emp731 I don't know that game - please teach me

[@zenmachine50]

@@emp731 lol..now .he's pretending that he doesn't know what " jeriatrical tickle me elmo games"..are

[@emp731]

​@zenmachine50 we'll see what he has to say when deportation begins and he makes excuses for why property prices plummet

[@emp731]

Warren buffet does stocks not property...Trump was a better property investor one of the best..Yet you never mention him.

[@MichaelYardney]

Are you a trump fan? @emp731

[@CookieMonster-wy4qb]

First again Micheal 👍😊

[@Andrew-hu1bx]

Pffff hahaha “I’m here Michael yes me me me Michael I’m here “Cookie”

[@emp731]

​@@Andrew-hu1bxCookie =sook

[@MichaelYardney]

Legend! @CookieMonster-wy4qb