Hi all,

Great strategies guys!

I would ask the following questions…really ask them,

Do you have to live in the city? Why? No really why? Especially if you are planning on a family.

Can you live further out? There are great houses (when I say great I mean size) commutable distance (anything around the 40-60 mins rail) for around the $400k mark both sides of the city.

How bad do you want it? Will you sacrifice things, outings, lifestyle? (when you have a family these things will slip away anyway and you probably wont mind)

Are you prepared to live in something smaller or dumpy to get a leg up? If not, why not?

How expensive is moving overseas as compared to staying…..? I would have thought that the $20 odd k you have saved would be gone pretty quickly after reestablishing yourself overseas then you would be in the same position.

Don't get down, just get moving. Maybe you could take your money and try and make more out of it? Good strategies above. There are still options out there, there are just a lot of people who would like those options to be super easy. Nothing is free. Even if you lived in an island paradise you would still have to go and get the coconuts!

Good luck try to stay positive!

D

Thanks for the very interesting reading everyone, on this and the other threads that are on a similar topic.

Time to follow the money. If the money is going out of shares or property and into metals etc, follow the money (to some extent, not blindly) to hedge your bets.

I think the people in the cities will have the hardest time adjusting if we all need to start eating Soylent Green.(Yeah not funny I know) Where do you grow vegetables without sun or yard? Time to hoard land as you can always grow food or animals. Then when the good times roll again (they did after the 30's) then you can build houses on it. Buy silver/gold because it will always be in demand, we are still using to trade how many centuries after the collapse of the Romans. 

I think Australia as a country will pull together as that is who we are, if the worst happened we would be bartering away, people would find some skill they were good at to trade and we would look after each other as that is the kind of nation that we are. We don't let people sleep in cardboard boxes if we can stop it. We don't let people starve if we can stop it.

I went to a very interesting talk this weekend with a newly bald man. It didn't change my thinking but it cemented a lot of my views.

Time to ride out the storm and try and make money out of selling umbrellas….or boats.

D

Thanks Phatcat!

I am a bit too tall to be a jockey. 25% is a minimum. If there is more in the deal and YOU are an equal partner in work, time commitment etc then YOU should be looking for 50% of the profit as you are doing equal work. If you are doing no work then 23% is a great return. I honestly couldn't care less about Massland or any other group promising returns and what have you. I'll go my own way and make my own money.

Phatcat, from one post telling me I am negative I would offer you nothing. Personally I don't make snap judgments about anything or anyone. And you really must have only read about 3 of my posts.

D

Thanks for the interesting reading gang.

It would be very interesting to see what Sasha has to say being the ordinary person in the street who signed up for the course. Whether it is worth it even with the questionable presenter and feedback.

D

I think you are bang on Philip.

The only people who feel it are the poor. I rent in an area where there are 20k new residents coming according to growth figures. The residents are up in arms about higher story buildings and more people. The developers are being called fat cats etc and the current residents do not want more houses. The median house price is $1mil. These are the same residents who will blame anyone for unaffordable houses. No new developments means that house and unit prices go up. More charges to developers mean that many low end projects get scrapped as many small developers can not develop for free.

The govt will not spend any money on new infrastructure so they and large developers sit on huge tracts of land that cannot be developed in the near future. This means infill is the only option. Round and round and round.

There is a lot of time wasting and money wasting going on at the top and no one is accountable for anything. If more people acted rather than talking the world would be a better place. Here endith the rant.

D

I too have to say I felt a bit sorry for you "wifey". Gee with a husband like you who needs enemies.

I view my other half as the other half of my team. Most real estate agents just either see the woman as either the ball and chain who will say no, or the one to try and convince as the wife will convince the husband.

I have to say though, that our current agent who selling one of our properties has never really spoken to my other half and only generally rings me. They are not all the same, once they get to know you.

D

*Snap* APerry got you good.

The best advice I can give you free is to do your research. Then when you have done that then act. It is all about action. No one ever maid any money sitting around doing nothing, they did something.

Listen to everything then sort the rubbish from the facts. Keep plugging away at it, don't make excuses for things and get out and do it.

D

That was a nice positive post Banker. (not about the lending tho)

It will be interesting to see the speculation then what actually happens.

Firm strategy and understanding of risk as well as exit strategies (plural) are also helpful.

Magic 8 ball what will happen tomorrow?

D

I think if we combined this thread, the property bust 09 thread and the property bust not here yet thread we will have reinvented the wheel over again.

Bears be bearish, bulls be bullish lets just all make some money. Sitting in the corner and whimpering because it is all to hard it what most people are doing already so I don't think Kochie is doing anyone any favors.

And since when did a morning tv host become an economist? An expert? All I can find is that he owned a business and has written some books. He is described as an Australian television personality. What is his property investing qualifications? Any other qualifications? No Logies either…..

Time not believe everything that is said, printed, claimed etc

D

Who says people are not selling?

Depends on the area. Please take into account people such as me who are looking to manufacture profit, we don't fall into wait and see capital gains or rental income driven investors.

Also we are not taking into account the 80% of people who really want to own (pay a mortgage) their own home. The property market is not just run on numbers it is run on emotion too. Many home buyers even second and third buyers are not as educated as they could be about risk etc. They simply don't care as they are buying purely for a roof over their heads.

D