bumskins wrote:
Depends really. There is a lot leverage in property. So if you looked at say $100,000 invested in Property Vs Shares. It might look like: Property (80% LVR) $500K – 6% = $470K, $30K loss. Loss on $100K Principal = 30% Since the person investing in shares probably had little to no leverage, their portfolio would have to have…[Read more]

ZSlaveski wrote:
It's so great to see this talk about the crash becoming more prominent in forums like this one.

The talk about a crash was always here to see, what we did not see was the crash.

Quote:
I can smell the fear. It’s palpable on the Australian Property Forum where the desperate bulls and spruikers are frantically posting threads t…[Read more]

ummester wrote:
There will likely still be a panic satage in the coming year where the average punter/investor realises this and tries to sell – this will seem like a crash for a little while.

What would you say will likely cause the average punter/investor to panic , rising rental returns ? I believe that your average punter/investor would be…[Read more]

realestateedu.com.au wrote:
Hi Garb, This will b my last communication with you.

Yeah, whatever.

Quote:
… I have done the hard yards including 4 corporation licenses and 3 diplomas but to someone like u that makes no difference because u will always find a way to put others down to make yourself look or seem larger that what u r. The only…[Read more]

realestateedu.com.au wrote:
Aussie dollar at 97.6 and inflation kicking in … higher taxes, governments running out of money, grow yr own veggies and raise goats hehe

Yeah , let all stock up on baked beans and head for the hill (again)

Quote:
If property prices double who will afford it?

People who's incomes will also double ? I've heard the…[Read more]

realestateedu.com.au wrote:
Hi Harb, You sound sooo wise so how many houses have you built?

Geez thanks Phil,  you think I' m ready to write a few get rich quick books and hit the personal development circuit to flog them to suckers looking for the magic secret to wealth and happiness ?  You sound alright too, from your blog page it  looks li…[Read more]

ummester wrote:
Interesting conundrum you present Harb.If the rich are downgrading, this would put more pressure on the lower end right?

But are they downgrading or just staying put which is causing the lower end pressure?

Quote:
If there is more pressure on the lower end you suggest an OS of lower end property could arise like it has in the…[Read more]

realestateedu.com.au wrote:
Hi Harb, Firstly I cannot understand why you are so sarcastic in your responses

Perhaps you are just feeling tired after the round the world trip and think I was sarcastic ?

Quote:
 When you get a quote of $200K from AVJ the end price will be $300K

Fair enough , except that even today in today's dollars you can…[Read more]

realestateedu.com.au wrote:
Hi Harb, Sorry I didn't go for the solid gold fittings

I'm sure you are , probably wish you went something like thishttp://www.allweirdthings.com/hongkongs-100-gold-bathroom/because now Instead of a depreciating asset you'd have a building that has appreciated at the same rate as the land beneath it.…[Read more]

realestateedu.com.au wrote:
HHmmm good points here however, How long is a piece of string? I bought an old sh.tter in 2000 knocked it down built a 40 square pool 3 marble baths and am up one million profit HOWEVER If I had to upgrade in the same suburb (Hunters Hill) i need another 500K 

How about if  you bought it and rent it as it was, o…[Read more]

gmh454 wrote:
can you guys point out the quote where I said they bought OVER ten years ago. I said IN THE LAST TEN years..AGAIN  last ten years…think about it ..maybe the light will go on…somehow doubt it

OK, give us an example of someone who bought in Sydney 9 years ago and is still bleeding now then.  9 years ago is  "IN THE LAST TEN ye…[Read more]

gmh454 wrote:
Harb, I give up, I talk apples and you quote me as oranges….I try to get back to apples and you turn them into grapefruits.

Sorry gmh454 but  why bring up these fruits ? Are your clients ( who bought property 10 years ago and are still bleeding)  invested in orchards and lost money due to drought or a cut in water rights ?  I wa…[Read more]

gmh454 wrote:
Harb you are killing me.This poor naive client (who has a Harvard MBA and beat Kerry on a deal) then did the the followingbought another Mosman property and resold it for 300k profit before settling,

Well done.

Quote:
bought in central highlands 65 acres, for around 650k, did close to 1m improvements then sold for low 3s

Well…[Read more]

WJ Hooker wrote:
harb and DWolfe,I was wrong…there I said it.

No worries W.J, it sometimes happens to everyone.

Quote:
But don't call victory just yet, the fat lady hasn't sung yet..the world economy is going to catch up with us sooner or later. Lets see how prices are going in another few month's.

What do you expect to change over the…[Read more]

SydneySider2000 wrote:
From a naive person point of view who had purchased residential property in 1999 in Inner West Sydney without any advice from any financial advisor, I can say that my property has more than doubled.  Even if I had to sell it now.

You are not alone SydneySider2000,  short of some rare unfortunate case of bad luck e…[Read more]

gmh454 wrote:

harb wrote:

gmh454 wrote:
The thing I am seeing this year, is that for those (most of them) who bought a property in the last 10 years, they are all bleeding. Now I know that is because they are not clever little cashflow + types, I guess they went to the wrong seminar, – the neg gearing one.

You sure its 10 years ? Even…[Read more]

simple wrote:
We see same situation totally different obviously based on our education and experience. So we shall keep this thread 'life' and  see how it will develop.

I agree, it is a an excellent thread and by keeping it life it shows the folly of listening to doom and gloom merchants.  I still remember 1986 when some of these D&G m…[Read more]

WJ Hooker wrote:
Almost 1 year since posting.Lets see nowhttp://www.news.com.au/money/property/house-prices-dip-and-will-fall-further/story-e6frfmd0-1225932622360?area=money-sub-oneHouse prices down 0.2% see I told you so….LOL… I rest my case…Just joking..but still  If inflation is at say 3% then really the loss is 3.2% roughly. So I…[Read more]

simple wrote:
on the other hand we have gravity of reality that general public cannot stand futher price rises in RE.

Don't want to be picky simple but how did you work that out ? 

Quote:
Wage to House Price ration is way out, it must return to 'normal' trend at some point…

Maybe what you call "normal" was actually "lower then normal"  L…[Read more]

gmh454 wrote:
The thing I am seeing this year, is that for those (most of them) who bought a property in the last 10 years, they are all bleeding. Now I know that is because they are not clever little cashflow + types, I guess they went to the wrong seminar, – the neg gearing one.

You sure its 10 years ? Even Sydney and Melbourne buyers are way…[Read more]