We are on the cusp of a prolonged recession, if not depression, unemployment will be double current amounts by years end, property prices in Australia are about to get smashed and you are laughing because of the past bubble? Better hurry up and sell or you wont be alughing for much longer IMHO-lets be honest here, things are about to turn nasty very quickly, you niave enough to think Oz will be imune?
Someone better tell the WA, SA and Qld governments about the boom being over then.
It seems you guys are the defensive ones. Anyone who disagrees you shoot down.
I am not a REA. I am a real practising investor. I am buying my next one right now. I buy in areas people want to live/rent in. Supply and demand does still rule here guys. Despite what the dooms dayers say.
I am in for the long haul. I came on this forum to research for a pest and building inspector as I have an interest in PropertyInvesting in Australia. Why if you dont think property investing is a wise thing to do join up a couple of days before Scrumpy starts this post. Sounds fishy to me thats all.
scrumpy = blogs = ummester??
Hey look I am all for free speech. 29 pages of it though come on. Its idiots like me that respond I guess and poke and prod and get evryone rialled up. SO I have wasted enough time on this. Let me find my Pest and Building inspector so I can get my IP and I can move on to my next IP.
Call me a greedy capitalist but I love this climate. I should be thankful to you guys or is that to you guy?
John S
What is really funny was 6 months ago or more when people like myself and ummester spoke of a declining property market we were slammed from pillar to post, I even commented how I was saving all the comments to show all my kiddies just how stupid and irrational people can be when blinded by greed. Well surprise surprise property prices are going down, and we are on the cusp of a real crash. SO now all the bulls come outs saying stuff like 'it doesnt matter, Im in for the long haul' etc. lol whatever. At the end of the day we are right, and you will be nothing but 10-20% broker Have a great day mate.
lol really, how funny, we currently have highest amount of properties for sale since 2004, which using fancy pants graphs would indicate to me that population growth and houses for sale have a inverse relationship . People arnt going to buy house if they cant afford them, simple as that. Also need to take into consideration the imigrants themselves-typically no money AND quite common to squeze a heap of them into one house etc….
I keep it simple, if a house is to expensive it aint gunna sell no matter how many imigrants we have. Just had a R.A call me about a townhouse she was trying to flog off for between $570-$600k and has since told be the vendor is now open to offers in the low 5's, the best offer they have recieved so far is $500k lol dreamers….
Well I will ad that investor lerks and perks that Howard created are also obviously taking up more houses than usual adding the amount of property investing guru influx and TV shows . So call me slow
Yes you are. Try LURKS
Mister wrote:
they pay $1.50 a gall in Burma but in the lucky country we pay 6-$7 for that same gallon . My winge is -. What the !!!!!
Try WHINGE
Mister wrote:
Coles reckons it will cost the 20,000,000 to incorperate
Try INCORPORATE
Mister wrote:
Actually Bloggs
Try BLOGS
Mister wrote:
I'm not very bright youknow ! .
Clearly lol, try YOU KNOW
Mister wrote:
I can spell wrog !
Wow you really caught me out there genius!!! Zzzzzzzzzzzzzzzzzzzzzzzzzzz Little hint, if you are going to call someone out on their speelling (evun if it is obveously a simpil keystroc erra) at leest make sur you spell gooda stuff ureself einstien….
But I wouldnt expect anything less from a blind labour supporter now would I…
Sure glad Krud wasted all those million's on fuel watch and the grocery price website-man that is saving us a fortune lol
Why is the ANZ boss – might have been NAB , I mean who listens to banks but – predicting the mother of all booms coming right now in a report yesterday ? Especially considering they are suppose to be resetting fixed rates in a few wks time !
Cheers
Another thing , actually two that I don't get. They're saying our migrant influx is more than it's ever been and that's causing the squeeze on housing demand and driving prices up . Well I will ad that investor lerks and perks that Howard created are also obviously taking up more houses than usual adding the amount of property investing guru influx and TV shows . So call me slow but – wouldn't one assume you should stop the intake for a year or two and let the balance get back into thing's and remove the investor perks to give us the extra 20 or 30% in housing that we apparently need . How frk'n easy is that.
The second thing is here we are on the news last night ohrrr grocery prices this and that , there's nothing the Gov can do. What a load of BS , Howard allowed a monopoly in our super market ownership that is the only real reason on the planet we pay close double what countries like US pay for food and everything else – and we don't even complain about it . So why is it Rudd can't just reverse that monopoly , which I believe he is actually quietly doing , I should hope so. Tell you what , allow some competition and you just watch grocery prices 1/2 or close and how easy is that , same with fuel , they pay $1.50 a gall in Burma but in the lucky country we pay 6-$7 for that same gallon . My winge is -. What the !!!!! Coles reckons it will cost the 20,000,000 to incorperate the new price watch thing – isn't it funny how the other guys did it for free and didn't even complain and still offer the cheapest groceries in the country .
Ahh , cheers
Mister there are so many things wrog with what you have said I dont know where to start. Not very bright are you….
Lets make a deal right now and see if your prepared to put your money were your mouth is!
Would you care to meet face to face for a day to prove your claims based on experience?
I think a after your comments on this forum best you answer all these questions and step up to the challenge of my competition for the next twelve months.
Let me know the date, time and place we can begin the competition.
Martin Ayles. (From a bloke thats invested once or twice in real estate) Adelaide!
Bwahahaahahaha this would have to win 'Internet Tough Guy' of the month competition by far!!!! Real professinal chump-what are you in grade six at school? lol how about I meet you behind the shelter shed and we'll work this out like men. Bwhahahahaahah and you expect people to pay for your advice bwhahahahahaa Im wiping away the tears!!!!!
Hi Scamp, You are a f***fit of the greatest proportions so why dont you go back to your little warren and leave the people of this forum alone. Chefman
LOL someone is feeling the pressure of a deflating market and looming recession Dont worry Chefman-just wait seven years and your property price will have doubled bwhahahahaha
Can I ask what numbers did you crunch when you boughtthe investment, and what has changed for it to be a bad one? Had you factored on higher capital gains? How long had you planned to hold for?
As for what to do…well IMHO things are gunna get a whooooole lot worse before theyu get better. Talk of petrol being $2-just imagine the impact that alone will have yikes!!! Batten down that hatches shes gunna get bumpy. Sooo if you cant ride out 3-5 years of potential recessionary times sell now a minimise your losses…
John, you mention percentages of houses that are fully owned, or mortgaged over 10 years ago, but surely you would realise that these are not what will affect property prices. Just as people value there house value on properties recently sold and jumping up and down with joy, when they get sold down should this also devalue their properties? Just in the same way as a small proprtion of sales has recently 'increased' their values? Cant have it both ways….
Can you tell me what impact you think a lot of fixed rate mortages of 5% or whatever it was back in 2004 will have on the market when they finish and have to be refinanced at current levels, effectively doubling repayments?? Combine the added costs of living surely you would agree that 'avalanche' of properties for sale might not be out of the question?
Its okay, we are all saved! Kevin Rudd has asked OPEC to increase oil production (guess he thinks he has a better relationship than GW) and he is going to change the government car fleet to hybrids! Yeh Yeh 3 cheers for Kev
lol the guy is a complete joke!! If he was really concerned about reducing fossil fuel use for starters he wouldnt be jet setting around the world burning thousands of tons of jet fuel when he could do tele conferences with video just as effectively from Canberra. I wonder how much grenhouse gases were expelled from all the people who traveled to his big chin wag session….wonder if he knows what a hypocrite is?
Yeah I realise that, though at least you dont risk loosing it-should at least kep step with inflation. Stockmarkets are heading for the gutter, property markets following….interesting times ahead…..