Something that is rarely discussed in a direct sense but none the less should be considered in the scheme of things. While GFC08 was widely considered to be a 'Financial System Gone Wrong' kind of thing it is quite likely something more complex and sinister than simply a few greedy banksters and a corrupted system. Corrupt systems and banksters…[Read more]

Jeez Ziv he's been singing that song for a year or more… where ya been son?

The scary thing is your BOJ heros are starting to echo his opinion…

Looks like a dog to me.

You pay someone for this kind of advice??? Never pay someone for what something might do in the future. Pay them for something that is doing ok and makes financial sense now. An old negatively geared property in a contracting resource town makes as much sense as betting on a donkey to win the Melbourne Cup.

.

If you want to peruse some real data (from the horses mouth)

You might take a look at these

http://tochi.mlit.go.jp/english/wp-content/uploads/2013/10/sokuhou_201305_en1.pdf.

No doubt property has risen in some areas as hot money looks for a home. Problem is those increases will only stick for as long as the BOJ gooses the market AND retains…[Read more]

You forgot to include:

Written by:
Global Property Guide

Says it all really.

Hey I got a better one for you'

Abenomics: putting Japan back on track

I nearly wet my pants when I saw it was French and written by a technology lecturer at Sydney Uni… seriously you can't make this stuff up.

Not that I'm aware of however some documents do ask this. You can always say you are temporarily of no fixed abode and provide your lawyers address.

While property speculation for the time being (I hesitate to call it investing) looks attractive (goosed by Wall Street hot money flows) to the not so knowledgeable (gullible and greedy), few understand (too blind to see) the potential for serious economic difficulties (financial Armageddon) in the near future (anytime after today).

Detroit and…[Read more]

I must admit I had a bit of chuckle over this recent lambasting of our mate Abe San

Looking For Japan's Radioactive Mutant Army

Actually it is just Japan, because unlike Japan which still lives in the 80s and thinks it is a superpower,
still thinks the Nikkei 30000 is just within reach, still thinks it can restart its 30 or so nukes, still…[Read more]

In addition to the above Lance Roberts evaluation of where markets are at the moment and their risk of correction seems to be a growing theme amongst commentators.

Chart(s) Of The Day: Is A Major Correction Coming?
Written by Lance Roberts | Thursday, October 24, 2013

It's hard to argue with historical evidence. If (when) markets correct that…[Read more]

Lotsa ways to do it but mostly illegal. Become an ebay/alibaba seller for example and sell overseas. Collect payment in foreign banks but only remit home the actual cost and leave the remainder in a foreign…[Read more]

Financial version of Russian Roulette ????

Your guys not mine.. I think Bass said exactly the same thing. It seems the BOJ and Bass are on the same page.

What Will It Take To Blow Up The Entire Japanese Banking System? (Not Much, According To The Bank of Japan)
Wednesday, October 23, 2013 at 7:54PM

A 1 percentage point rise would cost megabanks…[Read more]

zmagen wrote:
Seems to me, if work is something that we do for personal fulfillment,….

Not me. 'Work' was first and foremost a means to an end – income. While personal fulfillment might occur from time to time depending on what I was doing 99.9% of the time it was simply work. It appears most people see it that way also especially the…[Read more]

jayhinrichs wrote:
Frekeles   this is a graph of the stock market which does not really track the RE market.. Pull up Cupertino CA. Palo Alto CA SF CA  Los Altos CA Saratoga CA Los Gatos CA.. this is were I was born an raised..

Nope but the point I was trying to make (rather poorly) was that recessions immediately follow collapses in margin…[Read more]

zmagen wrote:
….busy working.

Work? What’s that? I got off the hamster wheel a while back. The way the Yen’s going you might be on it for a while yet

Personally I hope your trip is not a success for the following reasons:

your buying at or near the top of the market

the AUD/USD pair is swinging in your favor (as a buyer)

as an international buyer you are making the mistake most make. Namely you are under capitalised. You need a minimum of five + properties to justify the costs and…[Read more]

But but but sir… it's different in Japan.

Architect of Japanese Quantitative Easing Policy Says QE HARMS the Economy In the Long-Run … and that the Fed Is Stuck In a QE Trap
Posted on October 23, 2013 by WashingtonsBlog

These are not even new insights. We’ve known for literally hundreds of years that the types of actions which the Federal…[Read more]

Today's Chart of the Day comes by way of SocGen's Albert Edwards who in one image shows why, with gross debt issuance needs between budget funding and rolling maturities at 60% of GDP, Japan has no choice but "to print and print and print"

Scott No Mates wrote:
After interest, selling costs, rates etc (as PPOR), the owner lost money not made $700k over the term.

And he’ll be off telling anyone who’ll listen how he made a killing on that property. The number of people who saw their equity grow over the last decade or so and then went out and mortgaged themselves up again on toys,…[Read more]

goneos wrote:
build something that adds to the area and I can be proud of.

Pride comes at the bottom of the list. When you're starting out not going bust is the first, middle and last order of business. Pride reflects an emotional attachment to a project. Too much screws with your priorities and is the best way to go under.

There's really only 3 ways to do this if you haven't capital to get it done, a partner with capital and/or you presell off the plan to fianance the build. The 3rd is a 3 way kinda deal similar to Derek's model in WA. You effectively become the middle man and do all the admin/design/legals/DA's etc work, the land owner supplies the land and buyers…[Read more]