Yeah I got both of those and they were good. The property  secrets exposed one is ok too, Michael Yardney's book was ok but I really wonder if he is still able to live off equity nowadays.

D

Hi Kevin and Sonya,

I have to say I may as well just cut and paste some of my previous comments here. I bought 1 sight unseen and would do it again. Due diligence! End of story. If you have studied and area, town, street and know enough about it then you can make an informed decision very easily.

 Building and pest inspections generally help you out getting a much broader view than what the agent may be telling you. You can't tell the back windows need doing from the pictures but the inspector will tell you.

 Sometimes the agent is very helpful telling you that he would REALLY rather that you saw it first and that a single guy lives there. It's great when the agent tells you how bad an area is and how they wouldn't buy anything there because then you can look at what they have pointed out as a "nice" place to buy and get something that is probably in between the two that will suit your portfolio.

Don't be worried, chanel the fear instead into googling, making a few phone calls and seeing what you can dig up!

Good luck

D

"When you do all the work, I'll split the money with you!"

Sorry just thought of a new scheme that could be implemented. First caravan buyers scheme! The grey army could just wander round the country, meaning that the population in some areas would sky rocket, and there may be a slight problem with congestion and the over 70's, but hey! lol!

D

Yep can't wait should be a good night!

Hi all,

Wealth I get what you are trying to say. Do you think that land values will change and that bank valuations will now change to suit the change of house and land size? Do you think valuers will now start counting more on other parts of a property like newness of build, build quality, really anything other than land size?

 Does this mean that rickety old houses on big blocks will be devalued based on the house and not valued up based on the land as the case used to be?
I see what you are getting at with tiny houses being valued quite highly even though there is no associated yard (maybe small courtyard)

Do you think this will cause the slums or will it give people more of a sense of community? Maybe people grew tired of living in a way that isolated them from others in the community – you go in your box, I'll go in mine.

 I think that as land becomes scarcer people will be conditioned to think that a 650sqm block is "a private oasis" or a manor! Look at some of the giant blocks (acreages)  that the really old houses sit on these would have been the norm 100 yrs ago, now population growth has made it so that eventually we will live in each others pockets. Better start getting on with the neighbors better, for when we all have to live in the same house lol!

Can you post bits of your report when done or is it covered by a million confidentiality clauses? Just for interest.

D

"Lunatic fringe Australians worried about a non-existent house price “bubble” are delivering 20,000 brochures in Prime Minister Kevin Rudd’s electorate to mark Australia Day."

Hahahaha killed myself laughing at the headline!

D

All point of views are valid, contrary or otherwise. Investment is not a religion rather a passion which will in turn elicit passionate responses.

When there are similar postings made by people who have only posted once or twice and they all seem to be in agreeance then my inner cynic wonders why they would come to a site and a forum so obviously pro investment. Negative spruikers? Recruiters for the unwavering Steve Keen? Please don't tell me that there aren't people with a vested interest in creating a fear of the market and inducing people not to buy.

I believe that a forum is for everyone, but I also get tired of the same old argument that pops up that the sky is falling, the world is flat and that developers and investors are greedy, greedy pigs. While it is a persons right to a view point and to post it it is also my right to post a rebuttal and a choice of humor rather than a straight antagonist post is sometimes a nicer way of getting a point across.

I'll check out the links as information costs nothing but generally I don't believe everything I read and see. Also the hyper-inflationary comment…..how much did food cost years ago? Cars? How much was the average wage? Maybe if commentators had seen house prices etc today they would have called the current situation hyper-inflationary. Inflation is a part of life and it will not go away it can only be managed, therefore prices will rise.

D

Yeah there will be about 6/7 die hards then others will come and go, and there will probably be a reshuffle of days its on or two groups will form !