hmmm……..storing containers for $5 a week……..where did i hear that recently?

well Ive explained how to keep costs down (auctions, ebay etc) and do most work yourself.  I often buy tiles for $5/m and spend under $1000 on a kitchen.theres no point looking at a property that the owner doesnt NEED to sell. sometimes they are testing the market, "might sell if I get a good price". now and then you discover the mythical…[Read more]

there is another issue……in a boom, there are people who will pay extra for a renovated property. in a bust, there just arent.people seem to think 'renovating for profit' means: 1. buying any random house @ market value2. spending 50k by hiring tradies to do all the work3. selling for 100k more than you paidthe simple fact is, buyers arent…[Read more]

thanks Mickare you in QLD?I assume the dropoff / pickup gave you time to pack / unpack yourself?Ive looked at 'pods' but their charges are a joke.Also seen cheap containers on ebay. $5 a week, wow!

a little knowledge is dangerous, eh hbbehrenhdorff?I giggle every time you talk about the share market like you're some kind of guru.you CLEARLY don't have the first friggin clue!

it depends on which way the market is going.currently the market is going down, so its unwise to do reno's for resale, as you will almost certainly lose money………and thats before you take into account stamp duty, agents commission etc!

"Worst case, may end up with a 5 to 10k debt"as I already explained, you could easily lose 40-50k NOT 5-10k.you clearly aren't interested in listening to someone who is an expert in that area (Ive done 3 reno's in the last 2 years, averaging 90k profit on each) and are hellbent on doing a reno regardless of market conditions, inexperience, lack of…[Read more]

$7800….thats assuming:- you dont pay more to buy it- your reno budget doesnt go over (they always do)- your reno doesnt take longer (they always do) causing you to lose more in repayments- the market doesnt fall 3.9% or more by completion- it sells quickly and you dont lose a few grand in extra repaymentsand if you have a shred of confidence…[Read more]

there is only ONE certainty in the market:CHANGEin 6 months we could be in a recession, then how much would the house be worth, and how much poo would you be in?

if you have no savings, how are you going to spend $20k on a reno?

you made a mistake. you set your house on fire (by buying a rediculously negatively geared property at the top of a boom).currently you are out the front, watching it burn, while asking "what should I do?"1. you could close your eyes and hope the fire goes out (ride it out)2. grab a hose and try to put out the flames (lower your price)3. watch it…[Read more]

Its such a crock that gold is the cure for instability.gold is currently trading at a 13 month low…….oops, I thought we were all supposed to go LONG once the credit crisis began? those who did have seen their investment lose 27% !!!!

devo, I hope you were not suggesting my post was alarmist & extreme. I was the FIRST to say "lets stop the 'end of days' talk & look for opportunities". Theres a big difference between staying in cash till the dust settles and preparing for the end of capitalism.best to wait till the knives hit the floor before trying to catch themIve been…[Read more]

Bardon, you seem to be confusing a depression with a crash….the crash was in 1929, we all know that. The depression started in 1932.likewise the 1987 crash and recession in 1990history says there will be a 3 yr delay between crash & recession. Having said that, the UK & NZ are already officially there, and the rest are getting there fast. What…[Read more]

didnt the depression start in 32?

we are at the beginning of a global asset deflationary cycle.all assets fall during this period, so just stay out of them.people who are 100% cash will be the only survivors.

personally I think we need to see a day where the markets fall 14-16%, the final capitulation.this death by a thousand machete slashes is getting old.

stay in cash, ask again in 6 months.

you claimed your job was super-secure, then you say you are in residential construction, which will most certainly be a job first at risk in a recession. same goes for the builder partner of course."If the Reserve Bank decides to slash Interest Rates by another 1 to 2 % or more, property owners aren't going to have such a need to sell and prices w…[Read more]

several times you said "please tell me I'm right" which should be a good indication that you are in denial. you are trying to manipulate the outcome by specifying what proportion of responses are allowed, then conflict this by asking for "honest opinions" as if to say "I'm gonna prove I'm right even if it means I have to manipulate people to do i…[Read more]