Egzackery!! Cash is King!!

Sorry, thought you were having a shot at me. Disregard, and no, no money for you

Can someone please explain to me why none of you seem to be concerned about the effects 10% interest rates and $1.80 per litre fuel prices for starters could have on the property market?

http://www.news.com.au/business/money/story/0,25479,23771312-14327,00.html

lol gee budy I would quit while I was behind if I were you-u are showing your niavety!! You think a millionaire is rare these days? I would be surprised if half the people on this forum wernt milionaires, and if you havent made a considerable amount of money out of property in the last ten years you would be the exception to the rule. And that is half the problem, every chump has made money out of property and thinks its a fail safe sorce of ending al their financial woes. Why are you attacking me? Do you not want to even consider that property prices could go down? By the sounds of it you are new to the game and have nothing to offer (by your own admission) so why dont you be quiet-you might learn something sport

Tell me-why is it that you only want to hear positives about the property market? Dont you want to be a informed, knowledgeable and balanced investor? Dont you think only hearing half the story could damage your chances of financial success? Surely if you were serious about investing, wether it be in property, shares or a business you would want to consider ALL the posible outcomes, weigh up the risk/reward and then make a educated decision? Seems to be you are a newbie who only wants to hear the good and not even consider that bad. Well hopefully if anything our 'discussions' may have put a little seed of doubt into your head-seek out the answers you so obviously lack, do some reading, check the financial papers, understand the fundamentals of debt and the economy, consider where the economy may be headed over the next 5-10 years, and then once you have formed a view by all means jump in and argue your point.

But to mouth off with absolutely no basis of knowledge just shows your extreme level of ignorance and immaturity. Dont worry though, I dont take it personally-hopefully you will learn something out of this all….after all, we are all here to make money-how do my comments do anything unbeneficial to you? Other than open your eyes to a scenario you may not want to face? Do my comments have any impact on the property market? No. Do my comments stop anyone from making money? No. Could my comments allow someone to consider all the sides of the story and potentially save them a loss, YES. So what on earth is your problem sport? Blinkers?

What have I achieved since joining this forum I have increased my wealth by over a mill, give or take a hunge thousand. How about you big man? See its people like you who are doomed to failure-you only want to hear/read what you WANT to hear or read. A serious investor takes off the rose coloured glasses and analises the situation, they dont just blindly believe a story regadless of opposing views. Thats what you seem to be, you only wan to hear the good, yo udont want to consider the bad..

So what difference does it make to me? Lol well none actually-I find it hilarious that people who are supposed to be here to make money are so quick to blindy oppose anyone who has a differing view on where the market is headed. If everyone posted 'up up up' regardless off the truth where would that leave you?

And yes for record I do actually care if anyone goes bankrupt-why on earth would I want that. What is in it for the like of Scamp or myself to take the position we have? Besides cop abuse from nobodies like you?

Sooo if you think you have all the answers its time to put up big man. Tell us, why do you think the market is going to continue on its upward spiral? What investments have you got, what investments have you made over the last 5-10 years? Are you not worried that with all booms come busts? What effect do you think increasing oil prices will have on he market, a market that is already the most overvalued in the world? Do you think interst rates will be coming down soon, and if so why? Do you think the current level of debt is sustainable-do you think there is capacity for more?

Just a couple of quick questions for someone wh obviously has all the answers if yu dont mind? I will be waiting with baited breath, and will be extremly surprised if I even get a reply, let alone one that would indicate you have an I.Q over 20 lol

No you are crazy-everbody KNOWS that property prices only go up, especially after a record bubble and unsustainable debt levels combined with never before seen levels of cost of living increase Keep blue sky dreamin fellas…

  Yep, which is the majority of properties, so you would admit then its not going to take a hell of a lot to push them close to the edge?

 Which could be said for the market as a whole-I personaly think its horifically overpriced. Either way you look at it its screwed, people try to argue that 'its only the house that have been sold overt the last few years that are over valued and risk dropping in price'-so in that case what they are saying is really the entire market is over valued-as latest sales price is what eveyone boast when valuing their house?

O.K, so you are saying that the market has largely corrected itself, or will at least remain stagnate for the next couple of years-then why on earth would you bother buying today? If my investment is going to have 2 years of no appreciation then whats the point? I would rather be savoing the repayments, eithe rinvet them or play it safe in a term deposit an dthen put it toward she property in 2 years time-just think of the repayments alone you would save!!!

Look in some respects I hope Im wrong, but I fear I am right-no matter which way you look at it we are in for a bumpy couple of years, and propertuy aint gunna increase much when people are going to be scrimping and scrounging just to pay for petrol and food…

Sorry I also forgot to add-with so much 'demand' why are rental yields soooo crappy? Thought people would be able to put rents up to at least come close to covering their costs-most rents arnt even coming close to paying half the mortgage costs..

Scramp makes no sense? What the?? You say "you wait till 2011 and buy property at the higher prices and well buy now ", by beeing 'cheaper' now I presume you mean after neglecting to take in mortgage repayments and various expense items? So tell me Scott-youhave obviously done your sums, what rate of capital gains do you need over the next 3 years just to break even? You can even throw in a 10% rental increase a year if you like. Please just tell me and I will go away….Im sure you have the numbers ready to  go?

Has he ever told you NOT to buy??