ummester wrote:
Bear argument is something like – it is only the bottom of the market that is moving and that is a little up, without it the average would be even lower.

Bears would say that wouldn't they but how many of them really believe it ? Its like with the crash that was supposed to happen. The rates came down, the  FHOG got increased…[Read more]

blogs wrote:
There are more negatives, actually I cant really think of any positive reason for property prices to increase……Also the property market has been propped up by people 'scrambling' to get in before the grants finish. I agree though, there are competing forces, but IMHO the negatives are going to hand the positives their bottom on…[Read more]

ummester wrote:
I had to log in again after watching that video Harb. Smart property buys in a recession – it's almost as comical as Kochie's Reject the Recession dancers. Thanks for making me smile:)

You're welcome,  if you're still hanging around with the losers on the other site you could pass them the link so they too have a reason to…[Read more]

blogs wrote:
"http://www.news.com.au/heraldsun/story/0,21985,25415874-2862,00.html"Melbourne's inner east hit hardest by house price plunge"

Have you seen the Home Price Crystal Ball video story ? http://video.msn.com/?mkt=en-au&brand=ninemsn&tab=m164If you haven't do so yet …Enjoy.  

mrkueh80 wrote:
the most curcial figure is umemployment rate, if the rates is keep going up, it surely not good for property and possibly property price will continue to fall….Just think logically, if umemployment rate rise, ppl cant afford to pay mortgage, and will fire sale the house and move to cheaper surburb.and tanent will start moving…[Read more]

ummester wrote:
Don't forget Harb, bear deposits are growing and property prices have kind of stopped recently. Means either bigger houses or less LVR for bears, so they don't really lose unless prices boom again and, if they do, i think Australia will have a mass exodus of people.

Yes but except for the last 2 years (or 5 years for Sydney)…[Read more]

ummester wrote:
The Chinese are smart enough to wait for the good deals, that are still coming.

You mean like your buddies from the other forum who've been waiting for the good deals in the property market since the beginning of this decade ? I was looking for some laughs so I went there to read some of the posts from 2005, the good deals were…[Read more]

wealth4life.com wrote:
Yes buy little cash flow positive properties or little shitters because that is where the money is.Look at the number of quality builders going to the wall … we will neot feel this effect for another 6 months yet …

There is not a lot of margin in the little shitters so any sudden jump in the material costs can also…[Read more]

SHales wrote:
Fair enough.  And as discussed here somewhere before, a variety of ideas makes the debate more interesting, challenges our opinions and furthers our education.

And I can vouch for that. Trying to re-educate ummester and turn him into a property investor is very challenging but I haven't gave up on him yet. 

ummester wrote:
The real bidding stopped @ 5K more than expected but then the REAs somehow managed to negotiate the winning bidders up another 20k with what looked like a false bidder (didn't enter a bid until an REA whispered something into his ear) and the last 10k because the owners wouldn't sell. Not really an auction when one bidder bids…[Read more]

ummester wrote:

harb wrote:
Is that so, then why didn't you get yourself a PPOR instead of complaining about properties being overpriced ?  You shouldn't really care if you pay too much now, in the long run (10+years) your property should also be worth more. 

Only works when not tailing the biggest boom in Australia's house price history. i…[Read more]

ummester wrote:
What if you want to crusade against evil landlords from the comfort of a fairly priced home?

Then you'll have to put your hand up and outbid them.Btw, how did the auction go ? No, don't tell me…it went for more then you expected.

ummester wrote:
. It is a very good time for an owner of an entry level home to sell and upgrade at the moment.

Upgrade like to a higher priced property in the mid range? In that case the increase in the grant is causing a ripple effect throughout the property pond and soon it will reach the high end properties.

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And, I actually do…[Read more]

ummester wrote:
PPOR mortgage holders shouldn't really care if their house is worth more or less than what they paid for it. In the long run (10+ years) it should always be worth more.

Is that so, then why didn't you get yourself a PPOR instead of complaining about properties being overpriced ?  You shouldn't really care if you pay too much…[Read more]

ummester wrote:
We have been over much of htis ground before:)

Yes but its always fun to go back over it from time to time and see what's changed.

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Tumbarumba is still a very cool name for a town.

Picking a dump under $50K and flogging it now for double that would also have been cool.

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If the bottom keeps rising and the top,…[Read more]

ummester wrote:
I expected governments and banks to deal with this credit crisis sensibly – silly me.

Just how would allowing a property crash to happen be sensible ? Its not good for the banks, its not good for the government and its definitely not good for the majority of the population who already own a house. The only people that would b…[Read more]

ummester wrote:
So what have you bought in the last 6 months? If you are so sure of the market, there are heaps of bargains out there compared to last year. Go grab yourself some. Safe as houses.

Couple of dumps in western Sydney and one here in Safety Bay but still kicking myself for not getting any in Tumbarumba as you probably do. None of…[Read more]

ummester wrote:
Everyone who owns property should make (more or less) profit equal to the interest they pay on the loan over a long term loan period. This generally equals wage inflation over the same period and everyone, including the banks, remains comfortably in business.You buy a house in '95 for 150k and, by the time it's paid off in 2020,…[Read more]

ummester wrote:
We need to start thinking outside the box and de-centralising cities. There is no sustainable future in our current urban structure.

Its all nice to talk about we but who wants to go there first ? There are plenty of small towns that you could move to which would eventually grow into cities if enough people made the move.…[Read more]

ummester wrote:

harb wrote:
Suppose that you took a loan and bought a house then 20 years later you decide to sell it. Is it wrong to sell if for more then you paid for it, eg. cost + interest paid over the 20 years+ rates ?

 No. Zero sum, balance is maintained.

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Why not, you have not produced anything and speculated that the price…[Read more]