Forum Replies Created
My point is it would be very stupid to make a decision involving that kind of money based on a forum response from people they dont know. I say listen to the options here. Then take them to a reputable financial adviser or someone similar and see what they have to say. I believe thats the best thing to do.
Scamp wrote:I've been saying Iran war is unavoidable since February. By the way, fuel prices in holland are already 3$ per litre.
Saying fuel prices won't reach 2$ or higher is bollocks : They will. I must admit, 8$ is the doom scenario that even I ( Mr. Doom&Gloom ) find a bit on the high side. I think in the years to come fuel will come to about 4$ per litre and stay stable, mainly due to replacement on fuel prices. After fuel has been replaced by other energy, fuel prices could go up to 20$ or more per litre, basically becoming a luxury item rather than a common good. But by that time, it won't matter much anyway, since the world won't be depending on fuel anymore, it will be the few 'V8 Dodge Chargers' etc running through the streets from the yuppies, the rest will own normal electric cars, either powered entirely by solar power, or relying on hydrogen fuel cells or waterpowered or something in the same lines.WOW. I completely agree with this.
I have been hearing this a bit lately. Many people in the know are discribing current oil prices as a bubble. One that will burst eventually and return prices to normal levels.Not expecting a dollar a litre ever again but well below current levels.
ormeau wrote:I believe that $8 is an underestimate. Remember, there is no one silver bullet guys. http://mpegmedia.abc.net.au/news/audio/twt/200807/20080711-twt-02-csiro-report.mp3
Maybe so but i assume they had some knowlagable people formulate that response. So are we expected to acknowledge the report but rubbish their findings.Bit confused.
I do agree that there is not a single silver bullet to fix this, Changes are comming but we will get through it.
Scamp wrote:Kaus : Well , at least you can smile and think : "I made someone else rich at my expense"
The longer you keep your 'investment' property ( excuse the pun ) the more money you will lose.
I'm afraid you were suckered into something you didn't understand, and you will need to pay the price for the lesson learned.At least the spruiker you bought the house from at the huge (overpriced) houseprice got rich from your mistake, so it's not all gone bad : Smile and think you made someone happy ! Don't put your hopes on selling the house because in this market noone really can buy any houses. I'm not sure you heard about credit crisis, 10% interest rates or high oil prices ? Well anyway, there's the high food prices which you must have heard of, or the inflation which nibbles away at people's money.
Don't worry, you're not the only one : There's 900.000 people like you today, and that number is increasing by 30.000 every week, maybe you should start a club and raise money ( I really mean, raise even MORE tax payers money than you greedy 'investors' are already getting ) to pay for your foolishness and greedyness ?
Wow thats harsh. A couple decide that they dont want to spend there retirement dependent on a government pension and decide to maybe buy a Property as a retirement nest egg. And they are branded foolish and greedy. I better ring my pop who done exactly that and tell him how greedy he is. It would have been much more noble of him to just live of a pension.
That said yes you do sound like you are in a bit of a bind.Dont make any rash decisions. Just take on the info available here and then maybe seek some proffesional advice as the wrong choice in your position may cost you dearly.
ormeau wrote:Remember little old me?Environmentalists say a CSIRO report predicting the price of petrol could rise to $8 a litre in 10 years should serve as a wake up call to the public and governments.
They also stated that $8 was a worse case scenario . They predicted between $2 and $8 and did not factor in the use of alternate fuels within that 10 year period.
They are around. One im looking at now has a 2 bed house with 2 commercial buildings attached. Total rent potential $450 to $500 pw befor reno plus it is on a corner block of over 1000 sqr with subdivision approval. Asking $240,000 and open to offers.
Scamp wrote:Sav : Every month , houseprices go down by 5% or more.
Why the hell would you buy now when you can buy for half the price in 1 year ?Another crap statement. If houses where to go down 50% in 1 year as you have stated in my area that would mean my house is worth around $150,000. It would cost more than that to build so the land must be worth nothing hey. I will admit that many areas are looking a bit dodgey over the next few years. But if you want to start now look around. There are areas that are not currently in a so called bubble situation. Find them.Pick the best property you can afford. Not the dearest,the best,( Position,sub potential,reno potential,improving local infrastructure and economy). Bargain hard and you will be ok. Sure it may drop a bit more but when the market turns you will already be off and racing thinking about the next IP you want to buy>
Not all houses are overpriced. I hate this broad statement. In my area i bought a house that i admit i paid too much for. Not crazy money just around $20,000 more than should have. Live and learn. But if i was to take the building out of the equation it leaves my land value at around $80,000. Thats close to pre 2001 boom prices. My point being there are pockets of realestate that are in good locations and good value. I am constantly spotting properties at around replacement cost now.Take all comments with a grain of salt as there are many posters around at the moment trying to organise a coordinated attack on investing.See through it and try to listen to a more balanced opinion from both sides.
(I end my posting in this forum right now, I hate wasting time.
Good luck.)
If only i could believe this. Good luck mate. Hope everything works out for you.
ormeau wrote:devo76 wrote:ormeau wrote:Ah yes, breed breed breed, more humans more money right? You just don't get it do you? Exponential growth. 6.6 billion, then 7 then 8 then………oppsOK OK then can i pitch a tent in your little garden of eden you have planned.
Mate ive got it. You im afraid have lost it.
But it takes all types to make the world go round i guess. I hope for your sake you are right otherwise you have lived your life in fear for nothing.Good luck with the impending armageddon.So were do you think your food comes from genius? A CAN?
I am a farmer, so whats the biggy on that you debt burdened human? Life doesn't begin at Woolworth's MATE
And you can pitch a tent but I doubt if you know how, perhaps you could pitch it on the middle of the M1?
Why would i think it comes from a can when i can clearly see it comes from my kitchen.
Mate no more personal attacks i think. You tread your path. Ill tread mine.ItalianDragon wrote:devo76 wrote:This is crazy. I agree that change has to happen and is happening. But this mad max crap is a joke.Some people on this forum need to stop soaking up all the crap they get feed and look at all possible outcomes not just the worst. Do you really believe that there will not be a alternate energy source found in time that is viable. Its no secret the world is focused on money and that it drives the human race. There is no money in a world wide collapse of society so why would anyone let it happen.Get real.Yes oil will get dearer and eventually it will become so dear that alternat fuels must be used.Try watching some positive documentories about what is being discovered everyday. Some of the talk on here is sounds just like a cult leader convincing his followers of impending doom.Go for a walk on the beach,have a swim and chear up.Life is not about to come to a screaching holt.Hey SUNSHINE, do you have a degree in Engineering maybe?
Because you should take some updates: to produce alternative energies yuo still NEED electricity which currently comes mainly from OIL.
Just watch the video…….it`s less than a hour and will teach you something.
Actually i am a engineer. I am also a realist.I completely understand that whatever takes us off our dependents on fossil fuel will in part require fossil fuel for its development. This is not a new understanding and can be said for many periods through our development as a species. The point im trying to make is. Yes there are some turbulant times ahead,yes nothing is certain,Yes changes have to be made.But i question the motives of people like you and your band of doom and gloomers. You clearly have a hidden agenda. This is clear to all that read your posts. Dont tell us you are trying to warn us. I dont buy it for a second.
We are far from finished on this earth as your merry group of depressed trolls seem to believe.I believe things will roll on but not because of our will to change. I believe change will come through people making money with green energy. This is already starting to happen.Sad but true.But who cares about the motives as long as it happens.And if i get told to check out one more link i think im going to drown myself in a bucket of oil.Wow its on the net it must be true.
But i do admit you do help people on here to a degree. You make them aware of things that may affect there investing in the future.Its up to the individual person to take all the information at hand and work from there.
ormeau wrote:Ah yes, breed breed breed, more humans more money right? You just don't get it do you? Exponential growth. 6.6 billion, then 7 then 8 then………oppsOK OK then can i pitch a tent in your little garden of eden you have planned.
Mate ive got it. You im afraid have lost it.
But it takes all types to make the world go round i guess. I hope for your sake you are right otherwise you have lived your life in fear for nothing.Good luck with the impending armageddon.ormeau wrote:Good to see you have debt "Mate". Take care.
Actually you would think that if things did come to a grinding stop. Surely the existing built houses around Australia would infact be worth even more due to the crazy cost of new housing.
Option 1#Nuclear power stations around australia powered by our own mining resources feeding a power grid that powers a country wide transport system. Thats plausible( I want nuclear power plants). So many options its crazy.Australia has what many countries want at the moment. This would be a good time to make the most of it and prepare for the next 50 years.
2# Water from the north west of australia during the wet to be piped and irrigated south to recapture the desert. This was laughed at many years ago but its looking more viable now.
3# Get the aliens that built the pyramids to whip back over here and build some more infrastructure. They have been a bit slack lately.ormeau wrote:I do have faith my friend, unfortunately if we were to continue our current lifestyle the action to avoid this new depression should have been enacted 20 years ago. There is no magic wand to save our current growth my friend. oil was $65 a barrel in January 2007 now 16 months on we are at $143 and i still look around and see no innovation considering our transportation costs have increased 60%. So when do you think we will be saved? I would really like to know.For what its worth, i can say that i am far more optimistic than most considering the knowledge i have amassed concerning the upcoming collapse, I have put my plans in action to soften my own personal blow. I have sold my suburban properties and purchased a drought free farm, on deep water with ocean access and close rail. Talk is cheap and I hope your still around on this forum in 12 months time to ask how we might rebuild this mess we have created, I look forward to a debate and wish that I could see the look on your face. You seem to know more than me.
Take a look if you dare and tell me what you see before you try and lecture me with your unsubstantiated ramblings. http://www.abc.net.au/science/crude/
So when does construction start on your meteor proof bomb shelter mate.
Excuse me if i dont sell the house,divorce the wife and shoot the dog just yet.
I believe that there are people who believe all is lost (you). and people who have there head in the sand believing nothing is wrong and all is rosey. Common sense would have most believe that the truth is in the middle somewhere. Thats where i sit.The recent increase of new negative posting people are not going to swing me just by dropping site links and quoting one liners. Its getting like the mormons dropping off pamphlets on these forums. Ill stick to the realist frame of mind.You could pick any decade in the past 100 years and point to some group of nutters that follow the same lines of doom and gloom(oil,.nuclear war,famine,superbug,terrorist,etc)There will be more in the following years following god knows what lines.Ill continue with my plan and if you end up right. My debt to some bank is going to be the least of my problems.We will adapt,we will change.
ItalianDragon wrote:devo76 wrote:ormeau wrote:Oil is the key to doom guys, $143 record again. Watch it, and be afraid. War soon.Green energy is the key guys. Its happening. More oil discoveries soon anyway.Alternate fuel as well. Everything will be fine.
I think you should study a bit before to say incorrect things. Oil is ENDING and alternatiove energies require LOTS of time and LOTS of money to be build otherwise we were using them already. And even if we were starting NOW, we are already late of about 20 years. So for 20 years there will be lots of pain. Forget cars, forget crazy shopping…..let alone buying overinflated houses.
Totally agree. ( My point being i can throw up one liners to grab attention too) Where you ignoreed as a child?Things are changing. But your alarmist crap just shows you are one of those sheep that are easily led.
Oil will continue to go up( Although not at its current rate).So we must adapt
Use our cars less
Sell the V8
Carpool
Public transport
Buy a bike.
Drive only when necessary.These alone would halve most peoples fuel bill.Our thinking will have to change.
yes i know oil has a part to play in most other parts of our lives . Changes must be made there too.Bloody hell do you really believe the crap you are throwing at people. WE WILL ADAPT. just as we did when fuel hit that horrid $1.00 a litre.You are clearly trying to recruite people into this world ending belief.
Yes things are changing just as society has over many many years. Your outlook is not new. Its just twisted.
We have the abitity to develope new fuel sources. Its just that that black stuff is still the cheapest option at the moment. Do you realy believe the worlds major companies and organisations will use the last drop with no consideration for the next step and just ride the bike home holding there big sack of money. Get real. Have a little faith in the human race.ormeau wrote:Oil is the key to doom guys, $143 record again. Watch it, and be afraid. War soon.Green energy is the key guys. Its happening. More oil discoveries soon anyway.Alternate fuel as well. Everything will be fine.
Personally i think now is the best time to start a cult as there seems to be no shortage of willing sad depressed doom and gloom followers.
Follow me everyone. Just give me all your money and i will tell you the answer to peak oil.
PS. Actually. Funny story. A cult that has its compound near me( Sad but true) handed out a news letter around 3 months before the year 2000 stating that the world would end in three months time. Yet on the back was a form to fill out to get a 12 month subscription. HA HA HA. I guess they must have planed on printing it in heaven.
This is crazy. I agree that change has to happen and is happening. But this mad max crap is a joke.Some people on this forum need to stop soaking up all the crap they get feed and look at all possible outcomes not just the worst. Do you really believe that there will not be a alternate energy source found in time that is viable. Its no secret the world is focused on money and that it drives the human race. There is no money in a world wide collapse of society so why would anyone let it happen.Get real.Yes oil will get dearer and eventually it will become so dear that alternat fuels must be used.Try watching some positive documentories about what is being discovered everyday. Some of the talk on here is sounds just like a cult leader convincing his followers of impending doom.Go for a walk on the beach,have a swim and chear up.Life is not about to come to a screaching holt.
Scamp wrote:I know, and I'm not god. It's no secret, just use your brains. It's there for everyone to see. Only the bulls close their eyes.Oh, the recent rental vacancies in Sydney here btw :
……………………2-May..30-May…6-Jun..13-Jun..20-Jun..27-Jun..Chg Week..Chg Total
Canterbury/Bankstown…..424…..431…..461…..500…..511…..527…..3.13%…..24.29%
Eastern Suburbs………1968….2247….2299….2332….2406….2415…..0.37%…..22.71%
Hills………………..305…..324…..302…..293…..323…..361….11.76%…..18.36%
Inner West…………..1134….1264….1281….1393….1377….1439…..4.50%…..26.90%
Liverpool / Fairfield….331…..396…..378…..375…..382…..366….-4.19%…..10.57%
Macarthur/Camden………325…..392…..352…..333…..308…..311…..0.97%…..-4.31%
North Shore – Lower…..1129….1285….1289….1356….1328….1330…..0.15%…..17.80%
North Shore – Upper……529…..584…..578…..603…..667…..640….-4.05%…..20.98%
Northern Beaches………555…..592…..630…..645…..641…..644…..0.47%…..16.04%
Northern Suburbs………355…..393…..399…..394…..406…..412…..1.48%…..16.06%
Parramatta……………696…..677…..666…..733…..716…..785…..9.64%…..12.79%
St George…………….372…..401…..387…..418…..434…..415….-4.38%…..11.56%
Sutherland……………358…..429…..440…..479…..464…..421….-9.27%…..17.60%
Sydney City…………..761…..875…..836…..893…..920…..901….-2.07%…..18.40%
Western Sydney………..623…..651…..605…..640…..649…..680…..4.78%……9.15%
……………………9865…10941…10903…11387…11532…11647…..1.00%…..18.06%
……………………4.18%..2.07%…1.28%…2.98%..-0.35%…4.44%…1.27%Conclusion : 18% ( !! ) extra vacant rentals up just this month may. And that number will only go up in months to come, as less people are able to sell their IP's , they will rent them out, pushing rental prices down.
Like I told you weeks ago already : Rental prices will go down, not up. The futile try by investors and banks and government to push up rental prices was easily and preductably beaten by the supply and demand market.
God has nothing to do with this, just like he won't save the investors who put themselves into debt beyond their capacity. ( although the tax payers might be screwed in the first few months, this will also not have any effect longterm on the crash ).Nice statistics. Although i would like to know how other areas went. Population changes,and types of properties available.Vacancies are not going to keep getting tighter for ever. Everyone knows this but a slight change does not mean all is about to changePick any monthly period from your statistics and you get as different result.Could you please add the amount of houses vacant and for sale please. I bet that number is rising to meaning the former residents are now looking for somewhere to rent.. Crap imaging the rent you could get for the last available house in Sydney.
So when people cant sell there IP,s they rent them adding to the rental pool hey. Arent they already renting them.I think the bigger effect will be PPOR owners moving out and renting as the sell or lose there homes.Although i do agree that they will stabilise at some point.
You can throw all the figures you want around the proof is on the street. The better quality rentals are hard to get. That go,s for the city and country towns.I have a rental in a regional town. They are lining up to rent it. Its not a stat. Its a FACT.
I like how slight changes in% rates mean massive changes to some.I remember when things started moving in housing values some time back. The news stated how some houses have doubled in value and the doom and gloomers scoff at investers who thought all houses will do the same. Now a few drop and they cant state quick enough that all will drop. So one minute all homes are different. Then the next they are all the same. Its Just your typical grabbing of one example and forming a response from that to cover the broader market.
Oh my god a house in sydneys west just halved in value so that means my house in broom is about to do the same SELL SELL SELL.
After all that i do actually believe values will drop but not equally across the country.
Some will lose heaps
Some will lose a little
Some will stagnate
Some will go up
This is no different to any other year . Its just the percentages that change.
Thats my rant. Bed time now.
