Housing crises is just getting warmed up. We’re not even close to 50% through it yet. The second wave of foreclosures is now on the way and looks to be larger than the first.

How does a dying market absorb 9 million properties?

How do you play a terminal economy?

The Freckle

It comes up for discussion about every decade or so. Never happen. As the article points out the EU provides adequate reason to avoid it at all costs.

Kiwis and Aussies are pretty parochial.

NZ couldn’t benefit from this anyway. The NZ economy either gets dragged up to par with the AU economy reducing competitiveness or the Aussie down…[Read more]

worldinvestor wrote:
Not worried about the drop, hoping that we may still see some more great deals.

I’m sure you will WI. About 9 million to work through I think

http://www.zerohedge.com/news/second-foreclosure-tsunami-coming-and-about-kill-any-hopes-housing-bottom

To me the US is in a low angle death spiral but velocity is increasing. It…[Read more]

What it tells me is we have entered the 3rd year of decline and; that given the negative ToT figures, signals from resource companies of declining prices and a slump in coal prices as China slows down, that in all likely hood QLD will to see continuing downward pressure on median house prices for the foreseeable future.

….increased activity…[Read more]

beedie wrote:
No Credit. Do you play any-other tune???? …..you sound very permabearish in all your posts.May I ask what you investing in at the moment……….. or sitting on your hands??????You have to have some momentum to move forward my freind

I’m beginning to think this person is simply an anti MB troll.

I haven’t seen a credible post…[Read more]

NoCredit wrote:

Freckle wrote:
With fewer new listings being added to the market and some stock being absorbed, the total number of homes now advertised for sale is -7.5% below the record highs of last year nationally and -11.7% below their peaks across the capital cities.…[Read more]

NoCredit wrote:
Unfortunately the MacroBusiness blog mas made quite a few elementary errors in their blogs over the past year. They are permabears and spend their time talking down the Aussie economy and house prices. Take what they write with a large pinch of salt.They will all go into hiding when house prices take off again!Mark my words…..…[Read more]

labradorinlove wrote:
I would say I am an ‘over trusting people’. I can’t see any capacity in this situation how I could be blamed??

Can’t wait to hear about your next tragedy. Entertaining if nothing else

The Freckle

I smell a rat!

There are dumb people and there are unlucky people but rarely are there unlucky dumb people. You seem to be one of the latter which makes me really suspicious…

I’ve never known anyone with so many screw ups going on at once.

The Freckle

Forget the partnership thing. Disaster waiting to happen. By all means work together but stay financially separate.

The Freckle

Is this the guy

Dean Baring
Acquisitions Manager, Queensland

If so he works for this mob (6th one down)

http://www.jlf.com.au/acquisitions_team.html

who also run

Custodian WealthBuilders http://www.jlf.com.au/property_investment.html

The Freckle

Back of the knapkin these properties are bleeding you. CG had better be good (which I doubt in the current climate) or you’re out the back door eventually.

Rough estimate you need CG/yr of 4% and a rental return of around 7% of market value just to keep your head above water.

These appear to resemble liabilities rather than investments at the…[Read more]

To understand mining you need to understand China, it’s likely growth rate and where that growth will be focused. I don’t see resources taking up such a large piece of the picture primarily because China has over focused on infrastructure builds, especially housing, that has resulted in much misspent GDP. Mal-investment is currently a major…[Read more]

Hi Sundance. Ill start with a quote from an american fund manager struggling to contain the investing anxiety of his clients especially those in ‘our’ age bracket.

My greatest concern as an investment manager is the possibility that some number of our shareholders will grow so exasperated with remaining defensive during these periods that they…[Read more]

zmagen wrote:
quoting assumed double, triple and quad growth potential over the next five years. Seems just as risky to me.

Sure they’re Italian and not from Lala Land.

The Freckle

Pat007 wrote:
Any downsides that can be seen

Wouldn’t touch it with a barge pole until the crises is resolved. That could be a decade or two at the current rate. Property in Greece, Spain, Portugal etc is difficult and frought with rip offs at the best of times let alone during a euro melt down.

The Freckle

I know what I’d be doing and it wouldn’t involve lawyers.

I’d collate the debt add expenses and add 30% for good measure. Then I’d find out who the local underworld king pin is.

My next call would be to this rooster and give him a verbal bill with a condition. Pay up within 30 days or I’ll sell the debt to the local thug. You can deal with…[Read more]

In Port Hedland there’s currently no accommodation. Downers are flying staff in from Karratha (240km) and flying them home at night. Staff are being located anywhere they can get them in at the mo’. Some are in bush camps and driving in up to 150km.

I suspect this is only temporary but for how long is any ones guess. I suspect this will be the…[Read more]

kylermrice wrote:
I like what the freckle posts, but man, u can be a Debbie Downer. 

My wife says the same thing albeit more to the point LOL

About 10 – 15 years ago I progressively grew tired of the hype, twaddle and absolute BS that people would waffle on about. At a pub a bar a BBQ or whatever. I’m not sure why but I progressively began…[Read more]

lawsjs wrote:
Development is far more laissez-faire in the US than Oz,

You’re kidding right???

The US housing market is one of the most manipulated in the world with probably the exception of China. Have you not heard of Fannie Mae and Freddie Mac, the Federal governments ham fisted attempts to resuscitate the housing market coupled with the…[Read more]