Forum Replies Created
I have this one on my desk.
I did it,
it’s done,
now what’s next?C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi r,
No, dear I’m wrong.
C2
“Is it true the more you owe the more you grow until the Bank/Wife steps in?”Hi r
Yes, dear you’re right.
C2
“Is it true the more you owe the more you grow until the Bank/Wife steps in?”Maybe it tells us there are too many KIWI’S living in Bondi. Why do you think it would have been snapped up at 950K? Were there any offers made at all?
C2
“Is it true the more you owe the more you grow until the bank steps in or the rates go up?”When in OZ in a 4wd camper on Highway 1 , whilst O/S mainly planes and trains.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi All
C,USA/R,J and E.
This is still the early stages and will change later.
Better luck next time.Which super power is getting the least amount of contracts and a lot less than most other countries?
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Westan,
The top five countries are and I’m not putting them in order, is China, Japan, England, America and Russia. You choose your order and I’ll let you know later if your right. You only get one guess.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Kkowalsk,
It’s not necessarily herd mentality but a correlation of a number of factors. The interest rate rise will hurt some people coming off their honeymoon loans. These people knew the loans would change but most likely didn’t factor in to the situation the extra cost of an additional rate rise. The boom was going to occur the moment the interest rates kept falling past 8% and 20yr lows. Why 8% I’m not too sure but it was explained to me a while ago that 8% interest rates appear to stimulate peoples thinking and once interest rates go under this figure the more people think about buying. The reverse happens once the rates go the other way and the dreaded figure is 10%. The other factor is the magic 2.5%. When the interest rate starts to head towards 2.5% above the original loan on a variable rate many home owners start to feel an uneasy pressure to do something.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Richmond,
Numbers or figures can be very misleading. I was waiting for your next question. Which I thought may be ‘what is the monetary value of the contracts awarded against the percentages?’. In this area the USA is in equal 2nd place.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Richmond,
Maybe the best contracts will go the way of the USA. But for now most of the contracts are being awarded to other countries and less then 15% have gone towards the USA.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Redwing,
I’m glad you like the TIME and EFFORT vs RETURN. I use this in many areas and not just wealth creation.
C2
“Is it true the more you owe the more you grow until the bank sterps in?”Hi Ian,
Before the fall of the regime it was nearly impossible for any foreigners to buy property. Even those that were married to Iraqi’s were unable to purchase unless extremely well connected. Interpretation of the so called legal system there is now under review. Many so called laws that normally would be required to be passed through legislation were just imposed and enforced. Probably the biggest task in rebuilding Iraq lies within the reconstruction of its legal system and economic policies with foreign interests or investors. That is why so many countries ( including Australia) are now lining up to get involved in the reconstruction phase. If you are seriously interested contact DFAT.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi liviwell,
You may find that most of them don’t generate this rental return all the time and that they are seasonal rates. Alice Springs has some areas that are very over priced. Also check out what the insurance rates are for certain areas.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Mel,
Thanks for the very nice comments. It’s not that I won’t sell my soul, it’s more that I wouldn’t like it done to me and belive me I have more skeletons in the closet than MJ and all the Royals put together. Then again maybe my book will rival yours as a best or worst seller.
Hi Guru,
It’s all the skeletons in the closet that keep me here.
C2
“Is it true the more you owe the more you grow until the bank/skeletons step in/out?”Hi All,
Please explain why we are in a “depressed market“? I thought we were still in a boom that’s slowing down.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Minxii,
The million dollar question that everyone is asking and thinking about at the moment. The answer depends on your overall financial goal. My first property had 2 loans one at 13.5% and the other at 18%. The fear of interest rate hikes depends on how you start your inititial investment. I personal don’t worry about interest rates under 10% and this is because when I first started interest rates where so much higher. This thinking will differ from many investors. You need to balance up what ever deals you do with the return you want. My view is it is better to start small and gradually increase your investments. A deposit on a small unit or a cheap house that you can pay off quickly is my preferred choice. Finanally situations change and the first home you buy now may not suit your purposes later in life. Treat your first PPOR as an investment knowing that you will live there now but later will find the house of your dreams to live in. It would be interesting to know how many investors still live in the house they first called home or have they moved on to bigger and better?
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Minixi,
The information sheet has been discussed on and off this forum. If J sends you the info check it out very carefully. I myself was interested at first but decided the figures didn’t add up enough.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Guru,
Have you seen the guy in the movie “Powder”? When I was introduced to MJ that was the first thing I thought of. It was a little hard at first to not stare at certain parts of his face when trying to find where he had surgery. The color of his face looks very similar to the Geisha’s in Japan. Also it’s symmetrical and nothing is out of place. If you look in a mirror you will always find that one side of your face has something different to the other side. His was a perfect copy on both sides. I can’t think about the hair as the memory is lost their.
Finally, the whole time he was there in the room there wasn’t a body guard in sight. People were asked not to approach him and that he would only be talking to the invited guests at his table. I remember afterwards getting about a thousand and one questions from people about what we had spoken about. To the annoyance of many I refused to comment or discuss what was said as I considered it to be his privacy. I was offered in excess of 20K USD to talk about it by the media. To the best of my knowledge noone at the table has sold any information to the media about that evening.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Guru,
I enjoy listening to some of his music but not all. He is a talented and gifted man. I had the pleasure of being seated at the same table at a charity function in the states. To the best of my memory he was there for approximately 80 minutes. The topic of conversations varied greatly but mainly all concerned Australia and included land rights, environmental issues, building an amusement park and my family. He knew I was from Australia and took the time to find out about current issues before we met.
I won’t judge him on media reports but on what I saw and heard. When discussing about my family and how I grew up he listened very carefully. At one stage he seemed to be not with us and I asked him if he was bored and wanted to change the topic. His response surprised me and the other guests at our table. He said “I am trying to be where you are talking about. The ups and downs of a normal life, something I’ve never had and never will experience.” When he left us the group at the table started to discuss that comment and whether he meant it or was just being polite. The result was that all eight of us agreed he was sincere in his comment.
That was a few years ago but the memory has been renewed by the recent events in the media. I personally hope it isn’t true as it would tarnish the memory of a wonderful evening.
C2
“Is it true the more you owe the more you grow until the bank steps in?”Hi Allan,
That is exactly what some people are thinking. A bit of negativity is starting to creep in amongst some investors. Also with enough talk about prices dropping and interest rates climbing just adds fuel to the fire and creates a snow ball effect. The masses stop buying, prices start dropping and then the masses start buying again.
C2
“IS it true the more you owe the more you grow until the bank steps in?”
