worldinvestor wrote:
Those who are selling will be relieved to hear you're in the market to 'load up'FreckleYou bet, that's exactly what I did when GFC hit, loaded up in Melb, all the <a href="mailto:cr@p“>cr@p areas 10-15 km from Melb, where the developers were jumping in, put the DAs together and sold off prior to  slow down. Worked a treat.…[Read more]

KnoxOff wrote:
 Backpedal – To distance oneself from an earlier claim or statement; back off from an idea.

ROFL

and to distinguish it from poly’s who do backflips

One needs to be multi skilled. You never know when they could come in handy

The Freckle

xdrew wrote:
And goes on about a doomsday without actually riding to evidence on it. Even if you examine his graph it extrapolates a short term movement onto a long term US schedule.

Regarding doomsday. During the Great Depression the US saw unemployment grow to 25%. Shadow Stats more accurately defines US unemployment at 23% (and climbing)…[Read more]

xdrew wrote:
I follow up with asking.Where did you come across this exciting bit of informational recall?

You have my apology. It seems I have you mixed up with Andrew_A. A lazy response on my part before checking my facts.

I generally find your comment intelligent, articulate and informative. In fact given your professional background I…[Read more]

Xdrew wrote:
Even if you examine his graph it extrapolates a short term movement onto a long term US schedule. Which is like saying by training a stallion you are guaranteed a Phar Lap. Its a non sequiteur.

ROFL

Interesting conclusion. Lets make a comparison as you are our resident graphing expert. I seem to recall you making a prediction…[Read more]

Alex wrote:
Well since I am investor full time, dabble in wall street and real estate , as well as a couple other businesses not related to real estate. I would say I am the perfect person to ask advice for.

If you have no pecuniary stake and the advice is objective I agree, however, that’s not the case is it?

Alex wrote:
My days start at…[Read more]

Alex, forgive me for raining on your parade but lets put you and your business in perspective.

You and your partner are long time RE agents with skin in the game so to speak. You run a fairly significant sized business, 2 principles, 10 staff (including property management) and various subcontractors. As a not so small agency you’re doing 1 – 6…[Read more]

worldinvestor wrote:
I will do what I always do and will chase the cycles, the next to move will be Sydney,  we are not too far off and I will be loading up.Freckle,  I am only interested in what is happening on the ground, not interested in analysing this stuff it has been done to death.  WI

Those who are selling will be relieved to hear yo…[Read more]

lawsjs wrote:
Lack of supply controls prices, so IMHO a crash is highly unlikely. Slow growth – sure, but crash – near impossible.

Lack of supply???

According to RP Data:

The number of newly advertised properties for sale continued to increase last week however, we are seeing fewer new listings enter the market compared with the same period…[Read more]

jbelmore wrote:
Well the Reserve Bank is pretty optimistic – more than your comments. Its not just media hype. But there’s always the xfactor of what we can’t see ahead.

The RBA is not optimistic. Their language talks of room for more easing should the Euro area problems worsen. In real speak that means when europe turns to custod we have…[Read more]

vet80 wrote:
I know this topic is a little old from last year, but I have found this post really good and its refreshing to see two different sides of the coin like this. Engelo, I empathize with you because I can relate to your position but its good to be grilled and Jack I think knows what he is talking about. I have learnt a few things…[Read more]

luke86 wrote:
Hi Freckle, just wondering if you live in Perth? The only thing bonkers is the mining economy there. With billion dollar projects being announced every second week, it would be a brave man to bet that it is going to end soon. My observation is that when BHP plan on spending $40 billion in the next ten years in iron ore expansion p…[Read more]

Answers to;

1 No
2-4 are now moot, and
5 Yes heaps.

Sam nice to see a young fella with his head screwed on. You come across as a bright young spark full of beans and highly motivated. Can I sugget forgetting property for the next few years and look at perhaps your own business.

I suggest this because;

Much lower and easily managed risk,…[Read more]

dachopper wrote:
don’t buy in Perth as it’s bonkers …. is my advice

Don’t buy anywhere……. is mine!!

If I was a gambling man I’d bet on a donkey to win the Melbourne cup before I’d bet on property as a reasonable investment.

Sure you can pick the odd winner in PI but that’s more likely to be by experienced investors. If I was a newbie…[Read more]

Nigel Kibel wrote:

As an investor, it is important to manage your risk. Many people in Australia are under insured. We know that around 1 million dollars invested will produce an income of around $50,000 per annum. What that means is that if you have less than that in life cover and acquired assets, you may well leave your loved ones with a…[Read more]

How do you eat an elephant?

……………………….one mouthful at a time.

The Freckle

PISTORE wrote:
As long at you have Infrastructure, Government Spending and Population growth, it doesn't matter where it is, you will do well.

Couldn’t disagree more. You only have to look at US examples to see the folly of that approach. Property is driven by individuals personal financial situation. That includes job security as number one…[Read more]

engelo10 wrote:
http://www.cnbc.com/id/46538421/Hi all,Just a bit of entertainment for you.I would definetly put my money were this guys says its good to do so.Regards,Engelo

Then you know little about Warren Buffet and are simply parroting what the media says.

Buffet doesn’t give a hoot about property other than it’s in his personal…[Read more]