Nu2oz wrote:
I'm hoping to do some wholesaling (or similar) in Australia (Melbourne preferably)

There's no wholesaling in AU. Not enough inventory like the US market. Most forclosed or ex govt stock goes to auction or preferred RE agencies to sell. They act as agents just to facilitate a sale. No one buys 20 units to rehab and flick to…[Read more]

I guess the corporate kleptocracy aren't listening to Abe much these days. As if they ever did. Political leaders tend to do what corporates want not the other way around.

Japan Salaries Extend Fall as Abe Urges Companies to Raise Wages

Japan's salaries extended the longest slide since 2010, even as Prime Minister Shinzo Abe urges companies…[Read more]

jayhinrichs wrote:
I did have my first theft in Oregon by the by this year as well someone walked off with the condenser unit.. And that was a 300k house.

Is theft on the rise there?

Can't help but think things are going to get a lot worse yet. While the poverty level as a percentage hasn't risen that much given the circumstances the sheer…[Read more]

engelorumora wrote:
You should come and visit the US.

Bit like going to Canterbury Bankstown when the Bulldogs are playing

JT most of the resource build is nearing completion and this mine will have little affect on a state wide basis. It's affects will be felt local to its developments but in the scheme of things $10B over 3-5yrs is peanuts compared to where we've come from.

Coal especially thermal is marginal at best. Many mines have had to reorganise to maintain…[Read more]

engelorumora wrote:

What you doing in NZ?

After 15 years in Oz we missed the green stuff, mountains (real ones) , white stuff and recreational opportunities far more varied than Oz has to offer.

Quote:
Too many sheep there lollol

You have more. Ours are better looking.

engelorumora wrote:

Your up early lol

Not if you're in NZ…

engelorumora wrote:
WOW,

There might be some good buying opportunities again if the bottom falls out from all of these funds.

Thanks.

Not in the US and maybe for a long time. The next GFC event will almost certainly hasten a change in the reserve currency from the US$ to a basket of currencies (incl the US$). That creates a huge problems…[Read more]

An example of how distortionary and completely counter productive FHOG policy can be on a market is Perth. In the 2013/14 budget the WA govt decided to reduce the FHOG on existing dwellings from $7000 to $3000 by Sep13

That sent a wave of first home buyers into the market who sought to capitalise on the FHOG before it reduced. The resultant surge…[Read more]

FirstHomeOwner wrote:
I concede there is an argument that government incentives can (and perhaps in the past have) distorted the market such that any benefits may be wiped out.

So you are suggesting we repeat the mistakes of the past for no gain.

Quote:
However, and without disrespect to forum members, it seems pretty indisputable that…[Read more]

Hey Ziv look at this. Now I know you're a fair way away from that nuclear wasteland they call Fukushima (as if you can eva be far enough away)

I thought you might be interested in some protection tips…

How to Help Protect Yourself from Fukushima Radiation

I thought the lead sumo jock strap could be a winner over there.. trendy…[Read more]

These are the sorts of buffers you need to ensure survival. That doesn't mean I predict any sort of specific effect. No one really knows.

The problem with leverage is you have to service it. You have to have some capacity to soak up interest rate rises and defaulting renters/vacancies. 80% of PI's can't even withstand a mild financial event let…[Read more]

jayhinrichs wrote:
Freckle..  It is really going to be interesting to see how this all unfolds. Blackstone and other hedge funds could be just like banks where they unload properties at huge loss's.. The Hedge funds were late to the game.. When i bought atlanta I bought my houses with my investors for half of what blackstone paid.. I am not sure…[Read more]

jayhinrichs wrote:
Freckle  its blackSTONE   not blackROCK..

Drugs where would I be without them

jayhinrichs wrote:
We are selling however I do not buy the house is falling down….

The problem with property markets is that you have HF's mopping up capacity and consequently pushing up asset prices crushing yield. On top of that you have banks leveraging MREIT's to the moon on free FED money(Repo's) to buy MBS's. There have been several…[Read more]

jmsrachel wrote:
Wouldn't every one just file for bankruptcy and clear the debt? I can't see how my $600k ip 15km to the cbd will only be worth $300?

The next event will look much like the GFC in 07/08. However, it will be broader deeper and more pronounced than the last. Any recovery could take decades if ever (in our lifetimes). The problem…[Read more]

Bonham wrote:

Are you just talking about shares or property or BOTH?

Property.

jmsrachel wrote:
Well I guess all we can do now is sit and wait. Reminds me a bit of that movie deep impact.

AU is likely to take the least damage and should recover faster than others due to much smaller debt load and economy that is at least partially supported by stuff others want.

As long as you keep your leverage below 60% and can take…[Read more]

jmsrachel wrote:
When and if the world packs in, what's more likely to suffer the most, shares or property?

Both but for different reasons and as a market corrects that doesn't mean all assets correct equally. Systemic and/or strategically important assets will decline the least if at all. Some may in fact appreciate. The next phase is how…[Read more]

It's pretty obvious where this is going… not too long now I'm thinking