Originally posted by brc:
And as for the people hanging on, waiting for some type of crash where houses are worth 30% less than they are now, I hope you realise your attitude is holding you back. […snip…] there’s not going to be a crash in house prices any time soon.

Originally posted by poperr:“What do others think about the likelihood of…[Read more]

Originally posted by wealth4life.com:
Best time to buy realestate in 07 is ???????
Dunno? 2107 maybe?

Originally posted by Tracy Lee:
I was eating my lunch reading this forum when every thing around me went black. We live in the Perth hills. I have just spent the last 4hrs packing photos and fighting fire. Luckily we are o.k.

Good to hear,…[Read more]

Originally posted by SteveMcKnight:
Once again, all the profits go to the charitable Foundation,
And once again, I thank you for your generosity!

[blink]

[biggrin]

F.[cowboy2]

Sounds interesting over there:
“The new home market party started when Fortune magazine anointed San Antonio the nation’s strongest housing market, predicting an 8.3 percent home price appreciation in 2006, luring investors who helped push the market to record levels.”

“As a result, one segment of the real estate market already has a ha…[Read more]

I’d love to play along, just for fun. Unfortunately you exchanged something of intrinsic value (the $200 painting, whch was good, not great) for something fleeting. An object for an event.

Still, there are probably still a few sheeple prepared to trade something of some value for the worthless event.
Good luck.

F. [cowboy2]

Originally posted by Mortgage Hunter:
Is a legitimate marketing campaign.

Do you think he (Rotten) has any ethical or legal requirement to fully disclose any kick-back or commission he is recieving for this irresponsible ramping of what is an extremely risky (to the point that I believe it should be banned) loan product?

As for “6 audio cds…[Read more]

Originally posted by Tracy Lee:
Do you think the W.A maket still has some go in it or are we done.

I assume that’s a question. Over to The West Australian:

Real estate whirlwind runs out of puff
21st November 2006, 8:00 WST

The property boom that has pushed the average price of a Perth house to almost $500,000 has ended, according to some of…[Read more]

Hi Marc,
Thanks for the interesting update. I take it you believe the worst of the falls in your area are already behind you(?), which is also interesting. My news tends to come from bearish sources, so I appreciate a counter view.

Have you noticed that detailed data and statistics are more readily available there than they are in Aus? The…[Read more]

Originally posted by Bloss:
Don’t know how you can predict this Foundation ,as you don’t even know where these regionals are.

I’m guessing mid-central QLD. Don’t know you? I’m guessing mid-40s to mid-50s, public service, maybe HR or similar?

They happen to be regionals with 60,000 plus populations that have ran out of housing and have mining…[Read more]

Have you checked flood levels?

Originally posted by gmh454:
Interested to see how credit growth and retail go this Christmas

I wouldn’t be surprised if they showed some strength. Peoples’ attitudes and expectations won’t have changed so quickly, and providing they still have some $ left before they hit the last credit limit on the last credit card, christmas will be ‘business’…[Read more]

Originally posted by Bloss:
Saying that , we have 6 IP’s val’ed at 1.6 mill, bringing in more than enough $$$ to pay for themselves and a bit. We only started doing this 2 years ago and all of the houses are regional and cost well under 200k each

AS Chopper Reid says, ” Peter, you need a big mugachino of harden the f#ck up”

Ok, that’s just…[Read more]

Originally posted by dare_to_dream:
Are there any websites or books you could recommend reading to get a better understanding of how australia’s economics works and how it affects property prices and interest rates?

Essential reading:

http://www.rba.gov.au RBA’s Statement of monetary policy, a quarterly assessment of the Australian and…[Read more]

Howdy Peter,

Ignore the sarcastic knockers here. You’re kind of right. It is unfair on some people at the moment. And $300,000 being affordable? Christ, you’re on $40k (which is only very slightly below the national average of $43k) – on that wage/salary you shouldn’t be borrowing more than $120-$150k!

But here’s the secret – this boom is based…[Read more]

Originally posted by manofaction:
Richest Man In Babylon should be compulsory reading before anybody ever recieves a pay cheque! [biggrin]

Bah, I’ve never read it! I’d suggest Adam Smith’s 1776 classic ‘The Wealth of Nations’?

Beautiful prose too, though unnatural to the modern ear. I quote (vaguely relevent to property investment):
All the…[Read more]

Originally posted by alotti:
Thanks for the interesting reply
You are most welcome!

I must admit your view on the econimic climate makes me want to run to the hills!
Really? Just wait ’til you meet Dr Steve Keen then:

Originally featured on ‘The World Today’, ABC local radio:
ELEANOR HALL: But you talk about depression in Japan. I mean, even…[Read more]

I think the most important part of any property portfolio is the photographs.

Might I suggest soft-focus with mood-lighting? Professional photographers can always take a photograph that will add $$$ to your property portfolio. If you can’t afford a professional, simply smearing vasaline on the camera lens can help conceal any cosmetic flaws such…[Read more]

Originally posted by alotti:
What part of the interest rate cycle are we in? I would have thought at the bottom but some say nearing the top…

The RBA can move either way on new information, or just a whim. However, there is no doubt that we are currently in a global economic environment of rising inflation and rising interest rates. Long term?…[Read more]

Originally posted by The Contrarian:
Hi guys,

Like most baby boomers, my parents are cashed up in the equity department. They have 7 in total:
<snip>
From what I understand they are still paying interest only on most of them and P&I on one of them. .
Doesn’t interest only imply that they have little equity? Or did they buy before the boom?

I’ve…[Read more]

Originally posted by conservative:
I know this isn’t going to make millions following this path I suspect you might be surprised. But you certainly won’t lose millions (link) either!

I am the sort of bloke who hates more than $100 debt on the credit card.
You have a credit card?! I don’t even have one of them!

One question though, I am looking…[Read more]