foundation wrote:
I'm sure you have me confused with somebody else. I'm a (multiple) property owner, not a renter.[cowboy2]

But of course you are.

foundation wrote:
Because I fully expect a decade of deflation, ala Japan. And because of this, I have structured my investments to deal with this as the most likely outcome, but also to be…[Read more]

foundation wrote:
Huh? This only takes interest rates back to where they were last November.

Where is the latest cut taking us back to, 5 years ago ? Wait another month and it 'll be back to 7 years ago.How is your landlord doing, could you say hello from me and ask him if he wouldn't mind passing that rate cut to you so your rent go back…[Read more]

It may affect prices for a year or two until we get slugged with the new taxes. After that then the fraudsters will be exposed and all this talk of global warming BS and sea rises BS will become as extinct as the dinosaurs. – with the exception of GW taxes which will have to stay because the government needs more revenue to support an aging…[Read more]

wallyt99 wrote:
Man you guys sure are naive about climate change.Two links from respected sources that you should read.http://www.telegraph.co.uk/earth/main.jhtml?xml=/earth/2008/04/24/eaarctic124.xmlhttp://www.abc.net.au/science/news/stories/s866600.htm

Ok, so I've read in the telegraph that some scientists are a little bit embarrassed by…[Read more]

ummester wrote:
Harb, where have you been?

Looking at buying some more houses , where else ? Thanks to that stupid FHOG increase one of my offers got knocked back  and the place sold to a FHB for full asking price.I recon there is sweet FA we can do about it now, it is a natural cycle, like property devaluations:)Yep , been happening since the…[Read more]

ummester wrote:
30(odd)% from the 2007 peak – average house prices of 250K – is sustainable on current wages of 55K.So, if prices have already moved 5-10% from last years peak a further 25% is reasonable to assume. 40% may be the elastic low point for any one lucky (or smart) enough to purchase at the right time.

Just had one across the road…[Read more]

wallyt99 wrote:
I am thinking beachside….. why buy beachside when it will be under water in 15 years?

Hahaha, too bad you can't get a sea rise guarantee or your (rent) money back.The "rising sea levels" and "global warming" is a scam perpetrated by scientific fraudsters looking for tax payer funded handouts. The temperatures have been…[Read more]

BreakEven wrote:
Scampy boy, your at it again eh……?? I see your name all over the web, scrawling the same diatribe… I gotta admit, you are a crack-up!! Im even starting to like you…!!!!

Same here, after a while he just seems to grow on you doesn't he. After all the bad luck he's been having recently with his silver bars prices…[Read more]

ummester wrote:
You never know – rates may still rise. We may even see a decoupling of banks from each other, in some ways we already have. Why is Combanks fixed term more than a whole percent greater than Westpaks? Imagine if, within the next couple of years, banks start charging interest based on thier security ratings…

Yeah sure, they may…[Read more]

wealth4life.com wrote:
I locked in with Citibank on a fantastic rate of 9.14% for 2 years wow what a deal … I just received a letter today that they put the rate up to 9.26% and I'm fuming !!! …

How can they do that, and what was their excuse ?  I suppose the exit fees would be something ridiculous like  $50K or more to stop you r…[Read more]

wealth4life.com wrote:
Kevin Rudd has now guaranteed saying for the next 3 THREE years …

Of course the government will now take a fee for said guarantee, sort of a tax on savings really. The only question is how much because unlike the rate cuts I'm pretty sure the banks will pass this one in full.[/quote] if you read into that are they…[Read more]

wealth4life.com wrote:
10% rates this year and rising …

well, since you bumped this old thread…. how are them rates going ?I hope you didn't lock in at 8.5% to invest into them high quality investments of yours.

ummester wrote:
Unless wages double in the next 10 years it is very unlikely that we will see another boom bigger than we just have.

I don't know about a bigger boom but wages are on their way to at least double over the next 10 years. It only takes a few 8%+ pay rises and over a 10 years period the wages have doubled. The fact is that under…[Read more]

Invest only what you can afford to lose….

stu_macca wrote:
Must admit that one confused me Scamp. Just looks like a straight 30% margin gain. Reduced demand for steel caused by a recession could be a worry though (lots of coal gets used in making steel).

A reduced demand is still better then NO demand.  That 30% gain will give as a cushion against the fall in demand and even allow…[Read more]

marcadrian78 wrote:
We bought our 4 bedroom house in Sydney in Oct 2005 for $490k with interest rates around 7%.We cannot currently sell it for more than $460k.This is a nice house in a cul de sac located about 20km from the CBD. Close to a train line, low crime area and lots of schools around etc.

Sounds perfect so may I ask why sell it ? If…[Read more]

superhoops wrote:

Scamp wrote:

attrill wrote:
I have 2 loans fixed at 6.65% until 2009 when they will revert to the prevailing rate. In the last few years the rents have risen to a point where these properties will still be cash neutral. This is more a case of luck than astute financial planning.

Many are in your situation Attrill. Buyers…[Read more]

jen81 wrote:
None of us know how the property market is going to look in 5 years time. I think the thing to remember is that property is a long term investment. Gone are the days of buying something and selling it for a huge profit in a year or 2 years time.

??? We can't see into the crystal ball 5 years ahead but can see 2 years ? While its…[Read more]

ummester wrote:
I understand some of your opposition to Scamp over-zealous doom and glooming but how can one derive FACT in a world where finacial gain is fueled largely by spin and specualation.

You can't really blame Scamp for all that doom and gloom, after all he is just regurgitating the stuff that he reads on the other forum without…[Read more]

Scamp wrote:
yep , me too, positive about the sharemarkets in the future. Much more money to be made on shares than on property. Renting and investing is a much better option than buying a property.

And how would you go about investing in the sharemarket if you had no money ?

Quote:
You cannot invest what you don't have. Banks will not give…[Read more]