Only bothered with life insurance for a critical but brief period when the kids where young. Figured I'd live forever… so far so good

Near death experiences and hospitalisations;

mother was in a bad roll over when she was 7 months with me

hospitalised with colic at 10 mths

swallowed a threepence when I was 5, coughed it up just as i was…[Read more]

DWolfe wrote:

Those are my things to watch for the next 3 years!

There's only one thing to watch over the next few years and that's China (where Aus is concerned anyway). China's banking system has had two near death experiences over the last 6 months and remains firmly stuck in the credit creation cycle. It has no choice but to exit this…[Read more]

Nah that's the NZ end. Red tape here has got way out of hand since I've been away. Does my head in.. Don't get me started on converting licenses over..

Jpcashflow wrote:

And i was glad to provide free shipping advice to you too lol.

Went well for the most part. A bit of drama with certs at the end and a pain dealing with Customs, Bio security and customs agents.

Jpcashflow wrote:
I'm heading to the USA in April to do a few things there too.

Glad to see you unloaded the business.. good timing I think.

What do you have in mind for the States?

Paul B. wrote:

I will have to discuss with the bank the ins and outs of LOC v Standard loan.

A bit like arranging security of the chicken coop with the local fox. I can never understand why anyone would want to arrange finance with some incompetent numb nut bank employee who rarely even understands the products they sell let alone advise…[Read more]

http://pragmaticmoney.ca/wp-content/uploads/answer-assets/money/10796/AccountWithDailyInterestMonthlyCompounding.xlsx

Try the above SS

Here's an example of how an agent forwards your rental payments. If you are paid monthly and a day later your mortgage interest payment is taken the following day you basically get zip for your trouble. If…[Read more]

ryan mclean wrote:

– Why does the reserve bank change interest rates?

To control the price of debt. This slows or speeds up the creation of debt. Think property. The cheaper the price of debt (mortgages) the more people can afford them, the greater the demand for houses and the greater the pressure on prices (inflation).

Quote:
– What…[Read more]

yellina wrote:

This current fear that the Chinese might buy all our property is nothing but xenophobia
 

A conclusion that uniformed people sometimes draw but completely inaccurate. I would take the time to explain it to you but i fear it will simply go in one ear and out the other.

Benny wrote:

  Can you see that the FIRB laws should perhaps be reviewed and/or re-drafted?

FIRB are your typical toothless govt org. Their primary role is to to validate large commercial activity not penny ante RE purchases from the odd foreigner or three.

yellina wrote:

1000 sales is not close to one Saturday Auction sales in Australia. We shouldnt worry much about Chinese buyers. They are actually bringing money into our country.

Hari you're academic ability belies your lack of understanding in RE markets and economics in general

Quote:
Do you think it is good or bad they are investing in…[Read more]

A very interesting read…

December 2013 Update… Connecting the Dots between Microsoft Backdoors, NSA Corruption and the Bitcoin Ponzi Scheme

It is clear that the NSA has the digital keys to break Bitcoin any time it wants. If and when Bitcoin finally crashes, look for the NSA to be the “man behind the curtain.”

He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

It's the most adverse risk profile you can have as a PI. The market moves…[Read more]

Believe me there's nothing new in finance. This kind of stuff gets newbies all excited like it's some kind of secrete revelation.

Wall Street developed complex derivatives that only a few autistic savants can understand on a good day for the same reason. Baffle 'em with BS and they think you're a genius.

Latest available FIRB report;

Foreign Investment Review Board Annual Report 2011-2012
Main points

    In 2011‑12, 10,703 proposals received foreign investment approval, compared with 10,293 in 2010‑11 (the sectoral breakdown below excludes 81 reorganisations).

        The real estate sector recorded 10,118 approvals, compared with 9,771 app…[Read more]

engelorumora wrote:

It definitely looks like its taking off.

Early days yet and it's currently taking a beating. While I wouldn't right it off the problem is in converting FIAT to BC and back again. The authorities can control that and do. While some (govts) are in favor of BC others aren't.

For me it's a speculative day trading paradigm…[Read more]

Hari, govt stats are in the main years out of date and their accuracy is questionable at the best of times. In terms of RE data and who's buy what there are no really definitive numbers only estimates. Forget FIRB data… it's rubbish. They're an admin org not a policing org. The Chinese have more back channels to invest/buy RE than you can poke a…[Read more]

yellina wrote:

2% of New purchases are only done by Chinese and Indian buyers. 

80% of overseas purchases are from UK and USA 

Few sales from Chinese and Indian buyers wont hurt the Market at this stage.

Tell it to John McGrath

Chinese Buy Sydney Homes at Unprecedented Rate, McGrath Says

As much as 80 percent of homes in parts of…[Read more]

Interesting. JA Group seems to be another bankster group.

"has the potential of turning the sector's profits from 1% to 10%" I'm assuming you're meaning GDP not profits??

Doesn't make sense to me. Why would you go head to head with a politically powerful lobby group for such an economically insignificant gain? Neutering groups like this is…[Read more]

Simple… they'll be imported…. like everything else I'm afraid.

Manufacturing is a race to the bottom as the consumer is impoverished and so it goes in a circle.  In 1982 a F&P washing machine was NZ$950 and the average income was around $10-12k/yr. Now they're $450 and the average income is around $60k.

Work that deflationary pricing…