Forum Replies Created
LOC linked to mortgage is probly the go. mortgage is with same bank.
dont need a mortgage, already got one.
many say 5400, but we nearly got there today, so I think not
next is 4800, then 4200.
if it gets to 4200 Im selling all houses & buying shares.
Im with you there.
I think RBA will make a grave mistake raising rates in Oct after bad CPI for this quarter.
economy will stall, rates will fall hard in 2008.
if anyone finds a share with high div yield please let us know…….especially if it has self-funded instalment warrants
its too late now to change asset classes. we are closer to the bottom. ride it out I say
credit card used to fund reno.
its usually paid off when the house sells.
Im confused….is it
"its not all doom & gloom"
or
"we also have rising interest rates and a USA market in trouble which is creating FEAR back here in Australia"personally I think 99% of people have NO CLUE how much trouble the world is in.
derivatives are 8x world GDP. This means for every $1 of real money invested, there is another $8 of borrowed money betting on which way it will go. Its like musical chairs, except, instead of 7 chairs and 8 kids, theres 8 kids and ONE chair.
lol, he does?
he predicted a 10% fall in prices but the opposite has happened.
geez, thats a pretty grumpy response.
lost money today did we?
great review, thanks
Ive always wondered just how much paint they waste, and if the time saved is worth the paint lost.
Ive seen those machines on ebay quite cheap so might buy there.
tell me more about the wagner……..I want one!!!
Mark Grant thats the smartest response in the whole thread.
the problem here L.A is that you think your comments are constructive. They arent. You make sweeping statements that are just not true, not only that, but you cannot back up your own comments with fact yet expect everyone else to.
I would define a "smart-arse" as someone who is opinionated and gives the impression they are knowledgeable but in fact is inexperienced and uneducated on the subject. They also tend to criticize things they dont understand. Now which of us qualifies?
Your arguments are filled with bias. The only valid response to bias is to expose it as such. Rebuttle is secondary. Its almost impossible to fully explain everything you queried to someone with no equities knowledge. In fact, it took me 200 pages in a course to do it. This is a property forum remember.
I dont like Deception bay.
seems high crime, less amenities, more riff raff. Redcliffe agents tell me the riff raff moved from Redcliffe to Dec bay. I think if you buy with water views its fine, otherwise stick to Redcliffe. The Caboolture council are absolute nazis.
“If you a buy a standard, well positioned, good quality average family house in an average established suburb, make sure it is properly insured, using a standard P&I, fixed rate or I.O loan, you will never wake up in the morning and find out it is worth zero.”
unless the government has plans for a freeway through your back yard. if you buy a good quality share you will never wake up in the morning and find out it is worth zero.
“These sorts of houses, if bought at fair market value and held for the immediate to long term, always go up in value. Of course; they may not go up value very quickly, but they always have and all ways will.”
and shares dont?
“There are many horror stories of people who have lost money in property, but this is usually bad decisions by the owner – they buy too high, over-extend themselves financially, maybe have to sell for some unexpected reason and now they have to sell at a loss.”
gee, people who buy shares never do any of that right?
“With shares, there is no scope to insure against loss, you can't add value, you can't increase the dividends”
all false statements.
“there is very little you can do to protect your share from disappearing to zero overnight. I know there are many who will say "oh, but that is unlikely to happen".
Well, the reality is it could happen, and has happened. Think Emron, WorldCom etc. These were supposedly "blue chip" companies.”
wow. you found 2 companies that went bust out of the 70 million companies on the planet. firstly, they didnt go bust overnight. second, its ENRON, not emron. a little knowledge is dangerous. thirdly, ok, sometimes companies go bust. But, how many houses triple in value overnight? this often happens with shares and easily offsets your argument.
“If you have bought shares directly, and the market tanks over-night, you may not have a buyer to save you before the share reaches zero value.”
what rubbish.
” With property, no matter what the market is like, you can still sell it for something.”
really? So all the houses listed 3-4 months with no offers are a figment of our imaginations?
Now just because I have blown LA’s argument to bits doesnt mean I think shares are better. I think they have the same risk when ALL factors are considered by EDUCATED investors who walk the walk instead of regurgitating the talk.
Brisbane has something like 7,000 new residents a week.
price drop?
didnt happen after 2003 and I doubt will happen in this cycle.
there are 6 buyers for every house on the market. prices only fall when supply exceeds demand. a situation that does not exist and is unlikely to exist in the near future.
why are you cladding the deck?
Im wondering if decking oil is just linseed oil & turps?
bought some decking oil a while ago & it faded within a week. maybe they were more turps than oil?
finance didnt come through in time so took a risk and went unconditional. now its a race to get finance. settlement in 28 days…..
no stress
be happy dude, Ive worked my guts out doing renos over the same period and made a bit more than that. wanna swap?
