Foundation ….just because your parents could afford to send you to primary school ….dosn’t mean you can flaunt it here……

I’ll now go back to my rolled up newspaper in the septic tank and have a good cry…

The extra debt would not be deductible, as the reason for the debt was a PPOR not an investment.

Good idea though, write a book about it and run seminars saying it is the real wealth secret of the rich, and you should be retired by this time next year. Preferably somewhere with no extradition treaty.

The first time I remember the famous “this market is different” was on the Gold Coast high rise in around 1982. Even four Corners ran a episode title something like the Bubble that can’t burst. It was different because ………overseas tourists would support future growth until the population of the Gold Coast exceeded that of Tokyo.

1984 market…[Read more]

And I beleive OZ debt hit record levels again…….way to go Perth, keep going guys…and lets hope that minerals production infra structure actually gets put into place before ……..

Originally posted by joshadelsa:

Had a client come to me with one in Brissy CBD for $100,000 however it was only 20sqm

That does not sound very cheap at all, though I am not speaking as one who has ever lived in one.

kind of reminds you of the Polices mans Ball skit, with the

…..I used to live in a rolled up newspaper in a septic tank,…[Read more]

Originally posted by wealth4life.com:
GMH its easy…,

because now developers have developed anti growth drugs so your children stay smaller longer, while you pay off your 27% interest free store account that you had to refinance because the term ran out.

That’s great news wealth. Now to come up with a good long term investment stategy.

If…[Read more]

Originally posted by CanAm:
W4L – LOL – I race a mini, well, a mini based motorkhana special anyway – wicked fun, and teaches you good driving skills too!

Seth my hat is off to you. Always wanted to but never had the time (lousy damm time management system…..)

Originally posted by asdf:
I thought the “experts” were saying the market will bounce in 2006?? So now its 2008. Gee, they must be right then. Maybe we’ll give em another shot at it in a couple of years…

Ohhhh you are soooooooooooooo cynical !!!!!

not wrong though,

Its funny when you button hole an agent and he knows you are just browsing…[Read more]

Just some interesting data with no where else to put it.

Heard on ABC some business person who made two addresses in same week one in Perth and one in Fairfield, in Sydneys west.

Commented that in Perth was told of building laborers earning up to $80 per hour, while in Fairfield unempolyment has hit 11% with property down 25% in a year.

GO WEST…[Read more]

Originally posted by wealth4life.com:

2. House and land packages are getting smaller in size, some starting now at 300 m/2

Wealth think you are in the wrong forum …. this is not “pet friends”
and I know that kennels are being marketed like that, but frankly I think people are wasting a lot of money on buying there dogs things that they…[Read more]

Originally posted by DLPP:
gmh454 – now that was a very bad run if I have ever seen one but then again as you said yourself these are purchases based on emotion more than anything else so probably are not investments – just my 2 cents.

No you’ve got it completley wrong you don’t buy children, well not as it is recognised by the law, but I…[Read more]

Originally posted by simple:

Quote:
Originally posted by gmh454:
[

Had my Jaguar XJS V12 5.3L coupe years back. Absolutely loved the car, smoooooth power. You can be going 180km/h and enjoy silence. It had 100L fuel tank which needed to be refilled twice a week for a city drive. Glad I sold the car, it would send me broke with current fuel…[Read more]

Perth is real weird now it is a bubble on a boom, or a boom boom or…..whatever.
Rest of Oz floating (except NE Qld and Darwin…..) US RE going backwards for while … and I think it recently became official but Perth is Nuts.

Reminds me of Japan late 80’s or Gold Coast 1982 ( even Four Corners did a program and featured the reasons why this…[Read more]

Originally posted by CanAm:

My ride, Brock ADP wagon, 1 of 6 made – very sad about his passing. Met him several times and a man of great talent. And on weekends its my imported Chev CanAm, size of an escort with ’69 Camaro 302 factory fitted and street registered – awesome fun

Got a ride around the back streets in LA in a 69 302 Norwood…[Read more]

Originally posted by DLPP:

Quote:

don’t mean to offend simple – i hear alot of this type of stuff where people say they are waiting for a huge macro event and then they will cash in and become rich.

i would suggest that most people don’t do it because by then “everyone” is not investing in property and you will be inundated with…[Read more]

When interest rates were 5.99 5% gross return sounded great.

Now that we are lokking at 7.3s+++ and going higher, doesn’t sound quite so good.

Also you sure its 5%, you talking gross or nett.

Sounds like a nice ride.
Partial to them myself
catch you later

Originally posted by eden:
[br.

. I remember reading on a post though that you should be careful not to purchase too many properties in the same area.

Spreads risk, evens out returns. Not the most aggressive strategy but one I am comfortable with when I get tucked in at night.

Cabo welcome to the “A/Mod drag racing forum”

Yep it is Jim Rowleys 1974 Statesman that he ran A/mod in. Ran 11.68 and 132mph (on diff runs).

Car ran pro stock by invitation was driven too and from the track with monster tyres and tunnel ram. Had a Hone O Dive, 4.56 on the track and 3.19 on the street. Wheels up launches with licence plate and…[Read more]

Electrolux closed, and as long as the auto makers keep talking about closures, I think Adelaide will be iffy.

It make not fit the facts but that I think is the perception outside Adelaide.