streamlineinvesting wrote:
I just hope it does not get too out of control because we still hope to have a couple years to be able to build a great property portfolio in the US. Eventually it will end, and we will have to come to a new strategy that matches the current economic climate.

A buy and hope strategy. If the market is hotting up it…[Read more]

moxi10 wrote:
The explanation by the company that the mine has been loseing money for several months seems a bit thin under the circumstances.

Not really. Management at BHP aren’t rocket scientists by any stretch of the imagination. Having worked as subby within their systems they’re their own worst enemy. Their break even price for…[Read more]

lawsjs wrote:
See my post under Foreclosure… To add to a litany of US banking dramas, up to and including foreclosure (not BofA) through the banks error – proven and retracted after 12 months. Accept they are all totally incompetent, do not believe anything they say and get everything you can in writing. Check that the addresses you give them…[Read more]

Jay you have what I call Titanic Syndrom.

When the Titanic hit no one really panicked after all it was unsinkable right! Even as it settled into the water still people were reluctant to get in life boats. The first launch of boats were only half full. People still believed all was well until almost an hour before the end.

Debt’s going…[Read more]

And I notice from the next graph that every indicator is heading south again

Couple that info with the following article and included data it’s hard to see any positive info that might drive the market up this year. On the contrary.

http://www.macrobusiness.com.au/2012/04/nsw-kills-housing-finance-recovery-by-leith-van-onselen/

Add to that…[Read more]

xdrew wrote:
the developer (who watches the street demand like a hawk to prevent himself losing money)

Known a few over the years. At least half went broke eventually and 2 hung themselves. I have about as much regard for your run of the mill investor, RE agent or developer as I have for the local village idiot. They’ll send you up the garden…[Read more]

Texas Cash Cow Investments Australia wrote:
Remember…amateurs built the Arc….Professionals built the Titanic !!

Then I’ll go with the amateurs. The Arc never sunk and saved the world if you believe religious folklore.

The Freckle

worldinvestor wrote:
" I am not an economist by any stretch, an investor and a builder"Yep, keep it simple Jay, just get those deals over the line. By the way how your purchases in Atlanta going??I think this article pretty much sums up my feelings on this…[Read more]

jayhinrichs wrote:
I guess I just look at how my business is going from a macro level then micro level.

You got burned last time because you didn’t see it coming. No excuses this time amigo.

And things are just Soooo much better now than 2 years ago…

I disagree. I think that’s an illusion supported by massive QE. 90% of sheeple think…[Read more]

ITS Called foreclosure clusters….70% or more of the problem housing debt is in 6 markets.

Only something like 4% of homes at the worst point in the crisis in the US were in foreclosure.

I tend to think we look at this problem from quite different perspectives. You guys seem to assess the situation from a housing market perspective while I look…[Read more]

kylermrice wrote:
Its not going to happen.  If we go do down everybody goes down. 

It will happen of that I have no doubt and yes everyone goes down.

Current estimates suggest globally we need to get rid of $70T in debt just to get debt levels back to a managable level.

The US share of that is approx $25-30T

Unless you know of a way an e…[Read more]

lawsjs wrote:
like won’t let me sign in on computer (or a country!) that their system doesn’t recognise!! Same laptop, different country – sign in (in my very best Thai) CANNOT!

Get this software

http://hidemyass.com/vpn/

It’ll solve that problem.

The Freckle

Although the US is not that cash strapped per say… there are trillions of dollars in cash sitting in Mum’s and Pops accounts earning exactly zero or 1% those investors are starting to jump in

Jay you need to look a lot deeper. $0.43 in every dollar the Federal Govt spends is either printed or borrowed money. 50% of Americans can’t scape $2000…[Read more]

You guys need to learn how to hedge.

The Freckle

Jay my understanding of the market is this. Growth states tend be proactive pro business environments. For example CA is the opposite and loosing out big time to TX. The building demand is being fed by businesses moving to business friendly states and consequently drawing personell along with them. This in turn feeds into the unemployed space as a…[Read more]

Back of knapkin calc.

Currently the property would gross around $140/wk … $7200/yr. Doesn’t appear to be any chance of capital gain and possibly a loss in value over coming years.

If you sold you would net around $200k. Invested at current fixed rates of 6% that would put $12k/yr in your pocket.

A $450k property that returns around 4.8%pa and…[Read more]

Nigel Kibel wrote:
Within a year or two you will not need a passport to Travel to New Zealand.

There was a time when passports where not necessary. Australia introduced the requirement in 81. NZ followed a few years later if I remember correctly. Prior to that we could simply buy a ticket jump on a plan or boat and travel. Few people…[Read more]

KnoxOff wrote:
hey  freakleyou forgot   to  do the haka  first

You mistake me for a North Island bro’

Whitey from the south with Anglo Scottish ancestory although one small branch on the recent family tree does have persons of indigenous descent. Mostly illegitimate if I recall correctly but the girls/mothers insist on retaining the fami…[Read more]

KnoxOff wrote:
whats  the differance  ……   most  kiwi's  use  aussie dollars  any way   Hill they cant evun  speak  UnglushPHAR LAP: New Zealand's famous racehorse christened Phillip but was incorrectly written down as 'Phar Lap' by an Australian racing official who was not well versed in Kiwi-ese.Phar Lapb was NZ's most  famous hor…[Read more]

kylermrice wrote:
Wondered where the Freckle had been.

Flat out running around West Australia makin’ a buck 12 – 14 hr days don’t leave much energy for fireside chats amigo.

The Freckle