Hi Wriggles. Nice position to be in.You posed the question:"What would you guys and girls do?"And gave the options as:- "sell and be debt free"- "keep up with the jones"This is an easy one for me. As I have no interest in comparing myself to other people (particularly those kind of people), "keep up with the jones" is out so the only alternative…[Read more]

r1trackday wrote:
Inflation? maybe.Price of house doubles every 10 years. And actual money doubles 25 years.

Good point. Problem is:Chart courtesy of Steve Keen (http://www.debtdeflation.com/blogs/?page_id=16)(Mortgage debt vs household income is even more out of whack given household income < GDP)Problem is that house prices only rise faster…[Read more]

Well I was speaking to a drug dealer the other day and he told me that meth-amphetamine is good for your health! But he would say that wouldn't he?

millions – Nope, just the equity from the one boarded up home. Brilliant huh? It helps to have a large chunk of readily available cash or cash equivalents. And only works if the optimistic prophecies come true.What's more, the more people that followed my plan (thanks HG!), the less houses would be available to renters! This would make yields…[Read more]

millions wrote:
These are my opinions in regards to Foundations comments. You would need about 10 properties sitting there, not 1. In 20 years time you could sell 5, pay off mortgages on the other 5 and retire. I've roughly worked out if you have $1.8 million net worth in property today you could retire comfortably in 10 years. Anyone agree…[Read more]

sienna1 wrote:
there are ways to do it without putting you to far into trouble. there will always be people that tell you you cant do it but u can.

Right, you've got my attention. Big rewards, no risk. That's what I like to hear! Woohoo, fire away!

Quote:
we […] refinanced our home […] interest only […] from advice that over the next 10…[Read more]

Good story Courage, thanks for your legwork and sharing! Unfortunately there are no auctions in my area at present. I'd love to test my wits in this homework challenge!"Despite Dummy bidding being against the law, it's happening."That was precisely my thought as I read your tale…

1) What average rate of appreciation are the NAR currently predicting for the US as a whole?2) How's the Florida market looking?3) Are US citizens still on track to reach a world record 2,000,000 foreclosures over 12 months?4) What proportion of states & counties have seen sales drop by 25% or more in the 12 months from March 2006 to March 2007?5)…[Read more]

lilyhutch wrote:
Thanks Simon – like houses I suppose you can go for yield v growth?.

Be very careful not to oversimplify this point. Lower yield does not imply higher future growth. Likewise, higher yield does not imply low future growth.Often you'll find lower yield represents nothing more than excessive growth in the recent past .Shares and…[Read more]

MPL, I pick "none of the above" and "seasonal" followed closely by "REIV's press releases regurgitated by incompetent 'journalists'".The main cause of apparently high auction prices is a practice of deliberate underquoting by REAs.In other news from the REIV – median metropolitan house prices fell $11,000 in the 3 months to March to $380,000 and…[Read more]

Yes yes, physical laws etcetera, empirical observations etcetera.Can you just clarify for me whether the 'law of attraction' is about ‘like attracting like’ or ‘opposites attracting’? Because I have some interesting physical laws (laws of physics specifically) based on empirical observations I'd like to share with you, specifically relatin…[Read more]

millions wrote:
Return on investment isn't very good right now. If rents increase dramatically it will bring investors back.

How dramatically would they have to rise? 2.5% is pretty normal in Perth right now, so if rents triple while house prices languish, you'd have 7.5% yield. Problem is, around 50% of renters are currently paying >30% of…[Read more]

mortgageadvisor wrote:
We have a free loan that gives you 20% of the property value. It will free the LVR to 70%. No insurance. Saves you $500 per month. The product is exclusively ours and is attached to our lender. The lender will not allow any banks to attach to theirs.

What the heck is this supposed to mean? Surely you're not speaking of…[Read more]

The new forum is hopeless.The active topics list is completely broken.The advanced search is near useless (can't even search by member).I can't be bothered clicking through each forum/subforum looking for new posts or ones I've contributed to, so I simply don't. I don't think I'm alone. I'd love to know where everybody is leaving for. I hope it's…[Read more]

How much capital gains tax will you be up for?

Ps – did you get my $2,000 yet? I visualised my ass off last night…

rejoice wrote:
The only thing that can grow is the thing you give energy to.

Well my damn lawn keeps growing. I will stop giving energy to it so that I no longer need to mow it. Thanks for the tip, oh wise and abundant sensei.Your affectionate disciple,F. [cowboy2]-

Ah bugger.I've thinked the truth-think thingy for fricking ages, but can't make it work. Maybe I don't have the power.My dearest guru the most devout and holiest 'Rejoice', I implore you to think the way you want to think (ie to think truth regardless of appearances) using this natural and inherent power to think what you want to think, thus…[Read more]

Ah, bum. I wrote my name wrong. However, I'm going to spend the next 20 minutes thinking and feeling the lack of spelling mistakes in my last post.You'll see the wonders of my effort shortly.Be prepared to be amazed.F.

rejoice wrote:
judgment is weakness.

I judge you to be a complete and utter lunatic, consistently breaching forum rules against advertising, and failing to be anywhere near the required topical range of 'General Property'. How weak am I?Do you still need me to send that $2000 cheque, or have you done enough "sustained and consecutive thought"…[Read more]