Steve McKnight wrote:

Freckle, When you go to dinner at a friend’s house, to you comment about how much you dislike the new decor? Why not apply that genius brain of yours and come up with some constructive criticism? I for one would like to know: a. What specifically you don’t like; and b. What specifically we could do to improve; and c. What specifically would you like to see by way of improved functionality? Maybe you’ll find the world a better place if you are more helpful. – Steve

We went through this the last time you dropped a new forum on everyone without consultation or even a polite warning. Suggestion after suggestion was made that time with little or no change. I gave up last time why should anyone bother this time. This forum has been around since Adam and is in its whatever iteration, 3rd that I know of. If you haven’t got it right by now I doubt anything anyone says will get this site any further ahead. You’ve chosen not to listen in the past so why would I think you’ll listen now.

It isn’t rocket science.

Let me guess, east coast mining area/town???

I use XE

Been using them for years. AU -> NZ, NZ ->China, NZ/AU -> Malta

I know

Googled it 2 sec's (sigh)

When brokers are working on a 'co-broke' basis, they are sharing exclusive listings with each other. In a co-broke transaction, one broker will represent the buyer or renter, while the other will represent the owner of the property. The commission is usually split 50/50.

And let me guess they'd be…. don't tell me … don't tell me… Florida and Texas ….right!!……jeez I'm good

Seems McKnight is alluding to the same kinds of things I am …….particularly the Aussie market…

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Hi Freckle,

Glenn Stevens, RBA Governor, has given this timely warning to property investors:

"It is important for both investors and owner-occupiers to understand that a cyclical upswing in housing prices when interest rates are low cannot continue indefinitely."

Paraphrasing – if you're investing for speculative market-driven growth don't be fooled into thinking the current increase in house prices can continue indefinitely.

I certainly agree. The research I revealed at my recent market update points to the Aussie property market being close to, or just past, the cyclical peak of the current cycle.

So what about a property crash (prices falling by 50%+)? This has been raised in the press recently by visiting US demographer Harry Dent, and has long been floated by Aussie economist Steve Keen.

Yesterday, Glenn Stevens had this to say on the matter:

"You can never be 100 per cent sure. But the price to income ratio has been around four times … for about 10 years, so a very long-running bubble, if it is a bubble. Most do not last that long."

Freckle, the takeaway here is that risk has noticeably increased for property investors in respect to price growth / stability and interest rates. You should be reassessing your investing strategy and property portfolios accordingly.

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I've alluded to on other threads that the smart money has been consolidating their positions and scaling leverage accordingly in anticipation of a possible/probable correction. Meanwhile many of those whose livelihoods hinge on property services continue to talk the market up on little else other than industry and MSM sponsored hype.

How does exaggeration help your argument? Diverting attention to other discussions doesn't help your cause much either.

The reality is that the US economy is not recovering by any metric and that the FEDs seemingly serious attempt to taper is starting to bite. There are pockets of the US that are surviving for the time being but only because the economically desperate are migrating to better off states. This can last only so long before even those states are exposed to the challenges in a deleveraging world. 

I would be more optimistic if there was something tangible and sustainable driving economies but a tapped out middle class underpinned by prolific printing and surviving on debt creation aka subprime student and auto loans to the moon isn't giving me any hope to say the least. To add to its problems there's a very good chance the US will get its clock cleaned over the Ukraine debacle. 

Anyone who thinks the US economy is recovering and will strengthen over the coming years is in lala land.