Scamp wrote:
No it's not. It's good for the owners of the mining companies. The shareholders get paid in AUDs.

Of which they get 30% more.

devo76 wrote:
Yes. Visit that site. It will open your eyes but not through the intelligent converstation.Many many disgruntled younglings that have not bought a house yet and want the market to crash so they can buy in.

Not to mention that half of the posters live overseas, have no clue of anything here other then the BS they chose to read on…[Read more]

Scamp wrote:
To think that a lower dollar is good for the economy is, to say the very least, ignorant.

What happened Scamp, did you changed into AUD to early ? Just asking because recently you seem more concerned with the 30% AUD fall then the lack of fall in house prices.

Scamp wrote:
AUD dollar is collapsing as we speak. Are you blind ? the dollar went from near 1 USD to 70USD.

I aways knew you were in denial but now you're getting into the desperation stage as well. What's the matter , our Aussie homes are to unaffordable to you ? Our Aussie dollar just returned to were it belongs, at around 70c. Anything…[Read more]

Yes Scamp, house prices only go up and they double every 7 years. Too bad you missed out buying now, by the time you are going to arrive in Australia prices will have gone up by at least 20%. Not to worry Scamp, I can rent you one of my fibro shacks in Wilcannia for $12K a year until you can save enough to buy your own shack. If you make nice with…[Read more]

ummester wrote:
Seems that way – but you have to wonder why the RBA gave such a big cut?

Because they know the other central banks are planning to do just that very soon ?

Macnatt wrote:
Can someone pass scamp his medication!!

A bit late for that,  grab the jumper leads and we'll give him an ECT.

ohricey wrote:
Hi all,Total newbie to this and would appreciate any advice – have the opportunity to purchase a property using the First Home Buyers Grant in the next 6 months, but this grant will be unavailable to me after this period.Can not afford to buy anything that I could comfortably live in, so my plan is to buy the cheapest unit I can…[Read more]

Scamp wrote:
Can you say cheese ?

Beemster ?

Quote:
I'm tired of pointing out I am right. This chart is my last gift to you.

Scamp, I'm sure you think you are right but so far the rates have gone in the opposite direction you said they would, then you got us all excited about September which btw turned out to be a fizzer, then went in…[Read more]

alani wrote:
gold has also traditionally been a hedge bet when inflation has been high.

You mean like now ? Could it be that gold has lost its traditional shine in recent times ?

Quote:
when the credit crisis is over and oil goes back to $150 a barrel, the price of gold will probably go through the roof.

Sorry but don't you mean through the…[Read more]

ummester wrote:
I just can't see the banks lowerring rates from here till the crisis is over –

Does "from  here" includes that month of October or do we start from next month?

Quote:
They way I see it is like a landlord rising rents to keep up with rising costs –

The way I see it is more like a landlord who lost $1000 at the blackjack table…[Read more]

ummester wrote:
Are you buying now?

I hope so, got 2 offers in and I'm 95% confident they accept it.

Quote:
The resetting rates started in September and will go on for the next 6 months. Things take a while to happen in the property market, unlike the stock market where the crash is instantaneous.

Wasn't the turning point in the first…[Read more]

hbbehrendorff wrote:
Well I could go on to explain why this happens for many pages but I don't have the time at the moment, But the fact is that every bubble bursts, Thats just how it works.If you really want to explain it in a short and crude sentence, Bubbles burst because people get to a point where they just can't keep buying things or…[Read more]

hbbehrendorff wrote:
Precious metals have been used as money since the start of time,

Actually it was probably sea shells, maybe we should collect them as well ? After all they are as useful and more interesting then a bar of gold or silver.

Quote:
they held value thousands of years ago and a few kg's of gold has the same value of a house,…[Read more]

ummester wrote:
Because current house prices are unsustainable,

Could you please explain why do you think that prices are unsustainable ? I keep hearing this phrase thrown around and I'd like to understand why. Is there a infinite freeze on wages or has inflation been banished forever in this country and I haven't heard about it ? Maybe there…[Read more]

hbbehrendorff wrote:
I don't want to sound hypocritical to my previous posts but Silver bullion bars might be a better alternative to safehousing your purchasing power then gold

Hahaha, trying to flog your silver bars in a property forum.  So what  happened, did your silver bars crashed AND found out that  they don't produce any yield ? If yo…[Read more]

devo76 wrote:
Things will recover quicker than most realise then of we go again.

Then 1-2 years down the track the bears will look at spring 2008 and wish they bough while the prices were so low. Bloody specufestors beat them to it again and caused housing to again be unaffordable. I think I just bumped into one of them today. This guy was…[Read more]

ummester wrote:
Chinese buyers may just be a Melbourne thing… not to be racist myself, but everytime I have been to Melbourne I have noticed that there are more asians compared to other cities.

Not really, its the same in Perth. I've been to a few open houses in the $800K -$1,200k range recently and there is definitely some interest from…[Read more]

ummester wrote:
There are some things the government can't stop and some things, if it is forward thinking enough, that it will allow to happen. Like letting assets devalue, for instance. Federal governement can't come out and say, "I have the solution and it is a 30% devaluation of all material assets across the board." .

No, of course not.…[Read more]

ummester wrote:
When are you going to admit that the only way globalized banks with a lot of dangerous debt can make good in a dire economy is by raising rates?

How would they make good if by raising rates they can only end up with a higher default rate ?

Quote:
What would you preffer, Australia to be like America, or 15% mortgage rates? I…[Read more]