gmh454 wrote:
Harb, unemployment would have been higher than it is now, actual figures, could not say.

If unemployment rates above 7.5% during 2001 didn't prevent a boom how is now moving up to the same numbers going to cause a crash ? If you are correct and we only go up to 7.5% by the end of this year  then I think the worst IS over.  Not o…[Read more]

gmh454 wrote:
Between 01/01/09 and 31/03/09 around 1% minimun of the workforce will lose their jobs, and that will only lift unemployment to 5.5% so at sometime later in the year around another 2 people in the hundred will also go, plus the contarctors will wind down, and the casuals phones will stop ringing.

Any idea of what the unemployment…[Read more]

mattman wrote:
I have engaged an architect through archicentre who advised that the construction costs for a house in Maroubra was around $2,000/sqm. The architect was proposing a 200sqm replacement house. After the architect left I did the maths and found that this equated to a constuction cost of $400,000!!!!! This doesn't include any…[Read more]

Merry Christmas C2, maybe they are all out enjoying the holidays.  

AnthonyJF wrote:
For example in one area a 4Br/2bathroom/2 garage established home is for sale around $550,000 but there are a few house and land packages that are available for around $440,000 to $500,000. Therefore could you reasonably assume once the building of the home is completed it would then be valued at around $550,000??

First, the…[Read more]

Some people are saving, they may save it in property or shares as opposed to saving it in a bank but at the end of the day its still saving.  I don't know about other people but right now I look at the low bank returns and the inflation rate and don't see any reasons to keep the money in a bank. Tax or no tax the returns suck, the chance of any…[Read more]

PosEnterprises wrote:
Thanks Expert but if i leave early will be up for more than $2500 in fees!

Sure  but if you get to save say $800 a month by moving you'd get it back in under 4 months. You'll need to work out how much you can save a month by moving and if its worth moving early.

ummester wrote:
Hey Harb,Off current posts but back on original topic – do you still think property prices can't undergo a major downturn? You still a proptimist?

Why, you still hope against all hope for some large falls ? Don't get greedy , we had some falls already   at least in the budget end of the market. I think its possible the top end…[Read more]

Have you heard the latest from the GW academics ? The reason we didn't have an increase in global temperatures so far is because of all that pollution coming out of India and China. The smog blanket reflects the sun's rays and it helps to keep the planet at least 1-2 degrees cooler then it would otherwise be, which would imply that if the Chinese…[Read more]

Yossarian wrote:
Yeah, all those atmospheric scientists driving Ferraris, theoretical physicists sunning themselves on yachts and molecular biologists skiiing in St Moritz.

As opposed to being unemployed or having to take some menial job in a factory ? Too many scientists were left out in the cold in the post-cold war era so the GW scam was…[Read more]

zaz11 wrote:
Hi I'm new to this site, and new to the idea of buying property as well. I've seen a really cheap piece of land, in a tiny town, that I could actually afford. (I'm a single mother to a young child) My idea was to buy it and hold onto it for a few years, maybe then I could afford somewhere that I would want to live. The land is…[Read more]

Yossarian wrote:
Harb,You're not covering yourself with glory here

never tried to, I'll leave that for F.

keiko wrote:
Hey harb, you say global warming is a scam and scientists are ripping everyone off saying there is global warming. how do you no that the honest scientists arn't the scammers trying to earn that quick buck .

Yes you could be right except, 1. the planet has been cooling for the past few years, even the D&G merchants agree with…[Read more]

James62 wrote:
We locked in a 5yr fixed rate of 6.85% in 2004 so rate changes have not been a concern.The worry is income dropping to a point where loan payments cannont be made combined with a 10% or more drop in property prices.

So really its the income drop that is causing your problems then since the house more or less pays for itself. …[Read more]

foundation wrote:
I think I've been very measured in response to the provocation, aggression and outright lies from yourself and your buddy harb?

provocation, aggression and outright lies ? That's not a very nice thing to say about your buddies.I was looking forward to finding out the reason they kicked you out ,

Quote:
. was there any…[Read more]

James62 wrote:
The debt on the property is currently $360k (we borrowed extra for other inv purposes). @$2000- p/mth I/O.Once rent has been increased to $360p/w I estimate the holding cost of the property is $120-p/w ($6k p/a) after tax rebates, costs etc.

So with another 1.75% rate cut you'd be in front ?

Quote:
2. Property prices in the…[Read more]

foundation wrote:
And I post on globalhousepricecrash.com under the username Scary.

You may be scary on ghpc but here you're just another Scamp. btw, was there any particular reason you've had to change your username there ?

Quote:
As for my magical 'risk free investment portfolio', if you haven't worked it out yet, cash is practically…[Read more]

foundation wrote:
Aha!I've just uncovered (through my magical google powers) why Harry Harb here is such a nasty sarcastic creature!Here's what he was up to in September 2006:

harb wrote:
My favorite pick is South Yunderup, the suburb is on a dead end street with direct access to the highway and industrial areas north of it, near the river,…[Read more]

foundation wrote:
Flash, I bought a few dozen bullion-grade fine silver one ounce coins over 2004 & 2005. Also some Unc Australian Mint silver coins ranging from an ounce up to a couple of 10oz'ers. All bought when silver spot was less than US$7. None for more than AU$10.50. Currently up around 66%.

Which I'm sure you've already sold back in…[Read more]

hbbehrendorff wrote:
Its alright, Lord Rudd is going to to save us from the internet by slowing our speed down by 80% and banning any site that is contrary to the motherland.Oh lord rudd thou art is so wise and wonderful may all sites show tribute to your wisdom by placing a picture of our emperor on the top of every website (Those that are not…[Read more]