Forum Replies Created
- devo76 wrote:Dont forget these so called falls are from the absolute top of values to a expected absolute bottom( The worse case scenario). From that low they will go up again eventually. If you bought at the top and sold at the bottom then you are very very unlucky.
Also unless its the same house that sold at the top and bottom or at least a similar house on the same street its hard to measure falls . The fall in prices could just be the result of more properties sold from the lower end of the scale. Just over a year ago I was looking at reiwa's site for some stats on my suburb and we had this massive 50% jump in prices in just one month. Got all excited and ready to call the agent to put the house on the market before I had a closer look at what happened. It turned out that only one house sold for that month and it was a riverfront property. Of course the following month when only one average priced house and a fibro-shack were sold prices crashed 60% .
hbbehrendorff wrote:hahah Today was the biggest jump in gold since 1999…And yet despite all this panic on the stock markets gold is still 20% DOWN on March prices ? Its only a suckers rally.
Quote:. And I will continue to be wrong when gold is $2000 an once.No doubt it will get there one day, but is more to do with rising production costs then increase in demand. You could hardly expect it to sell for $21 as it did in 1930 if production costs are $600 an ounce. Same reason why house prices can only go up in the long term but unlike gold a house will also return you a yield a.k.a rent.
hbbehrendorff wrote:Gold was $21 an ounce in 1930 now it is almost 40 times that value, while your paper money's value has continued to loose its worth.Wow, that's almost 5%pa. If you used that $21 to buy 1-2 acres of land in Brisbane you'd be sitting on $millions .
What exactly was your point , cost of labour to produce the gold went up?Quote:Just answer a question, Does it make you feel big, empowered and respected by your fellow forum members when instead of presenting your thesis in a well formed factual representation of your ecconomic knowledge, you post slander and silly little school girl comments.
No, would I need to feel the above ? Is that the reason you're here trying to impress the crowd with your vastly superior investment knowledge and experience? I was under the impression that you took the wrong turn and ended up on propertyinvesting.com instead of cpa.org.au but hey, if I was wrong please enlighten us and share with us some of your property investment experience. No need to go back to the 30's just the last few property deals would suffice.
Now let ME ask you a question, do you still live at home with your mum in Brisbane ?Quote:I have formed my arguments based upon years of Economical, Historical, Philosophical and Theological study along with first person accounts from people who have lived through the great depression, This is not something I have came to the conclusion on a whim,I very much doubt it son. Sitting in your bench at school and church doesn't really count as economic experience, not unless you turned tricks for higher grades or cash.
Quote:What prior knowledge or experience do you base your ecconomic predictions on ?Actual investing experience for longer then you've been around and local knowledge of Perth, is that enough or should I mention my crystal ball and the "experts" I met ? Never mind son, you keep reading your books but stick with this forum as well and we'll make an informed investor out of you yet.
Quote:Arise anarchy, Fight the NWOI bet you've got at least one Che T-shirt in you closet which you use to impress the girls.
hbbehrendorff wrote:Wow, Today AIG went under and was bailed out from the federal reserve, Australian stock market down… It appears Im being proven wrong more every day.And what has AIG or even ASX got to do with the property market in Perth ? Stop pointing to OS markets and trying to CONvince us you are right or I'll have to point you to Zimbabwe where house prices do double every year.
How about telling us what happened to the supposed freefall crash in UK ? A huge 0.3% down for the past year and
" Despite the annual fall, house prices rose on a monthly basis, growing 1 per cent in July. The average UK house price now stands at £217,171 compared to £215,029 in June."
http://www.timesonline.co.uk/tol/money/property_and_mortgages/article4764814.ece
How does that compare with your gold and silver "investments" for the year ?Quote:Perhaps now is the perfect time to but a new SS and a $500 000 house… after all, it will double in the next year or two. lmaoYou can but a new SS but can you afford to buy a new one and do you have a DL to use it? .
As for that $500,000 house I think the banks have a rule against lending large amounts of $ to the unemployed and school kids. Anyway I think you've got mixed up here, its the rent that will double in the next year or two and property every 7 years.hbbehrendorff wrote:Do you not know that today lehman brothers went broke today ? the dow jones lost 500 points in one day…So what's your point ? Resources were up over here, or didn't you know that ? You do know that Lehman Brothers are in US and our banks have minimal exposure, right ? What's this obsession with the yanks anyway, I looked over at the Australian GHPC site and every thread is about them. Chill out dudes, the world will not end because a few companies fall over on the other side of the planet.
Quote:America has a 8 billion dollar world debt, Banks that survived the great depression are falling over like dominos, The American housing market is totally destroyed and there Interest rates are only 2%. You think Australia's reserve bank lowers interest rates .25% down to 7% and there will be a boom ?As I said a few months ago, mid 5's by next June and a couple of rate cuts before Xmas. Perth is definitely on the right track for a boom early next year.
Quote:How much knowledge do you really have about ecconomics ? Do you even know how the system works ? or is everything you know based on Idiots who run seminars that tell you property doubles every 7-10 years ? Perhaps that news that tells you unrealistic BS about the ecconomy being fine and that the worst is over, I'll tell you right now, people havent seen nothing yet, At minimum Australia will have a very bad recession, Though probably a depression, This has been a long time comming, 30 years comming and within the next few years everything will crash around peoples feet and wonder why ? what happened ?Not mmmuch, why don't you enlighten us ? I'm sure you must have read plenty on the subject over at GHPC.
Quote:Our dollar peaked this year at around 98 U.S how it has crashed down to 78, Last year we seen the peak of our property market and this year we saw the peak of our dollar… Thats it folks, the boom is officially finished, The arrow has been shot up so far into the sky and now it is heading into freefallIt didn't crash, it merely corrected itself to where it should have been before the speculators moved in – ~mid 70c .
There is no freefall just like there was no 40%+ crash in the property market , its all in your mind.Quote:Unemployment is rising,No its not, not over here. Maybe over in Brisbane or Sydney it is but in Perth there are just not enough workers.
Quote:Sales have plummeted on both housing caused by insane prices and high interest rates along with retail spending, Now our dollar is going to crap which will continue to lower our profits from what is left of the resources boom.As you said : "How much knowledge do you really have about ecconomics ? Do you even know how the system works ?"
Lower AUD = more profits for resource stocks & farmersQuote:Major changes are going to come within the next few years, its so imminent yet so many believe huge booms are comming or everything will be ok, Everything will not be ok, People should be preparing now for the future, Buying money that cannot loose value like gold or silver (though it may be conficated by the government in the future) Storing long life food and water, Storing fuel and buying Generators and water purifiers, And considering moving out of the city.
Ahhh, I was wondering when you'd get to the head for the hills part. Let me ask you something son, and please be honest here…did the naughty boys at GHPC tricked you into spending your pocket money on gold and silver ? Both are down more then 30% so be careful and don't let them sell you any shares. You should have listen to the good ol' boys at SS and bought some property with your money , worst case scenario would have been a few % down but would have more then made up for it in tax deductions. (if you happen to work and pay tax that is) Oh well, at least since you've stocked up on baked beans you won't go hungry over the next few years.
Quote:I would appreciate if misinformed people do not start throwing insults because the truth is to unbelieve to believe, If you really think I'm that wrong support your argument with facts not character defamationArise anarchy, Fight the NWO
So it would be ok if informed people did ? This is not the Socialist Party son, you have the right to free speech and to be wrong . Why would you want someone to prove you wrong anyway, do you feel insecure and need confirmation you've made the right decision ?
wealth4life.com wrote:The major banks are making it very difficult for burrowers and are applying pressure on reputable valuers to get it right or else. Some banks are that concerned with some areas of the market that they have shut down lending in some of their banking sectors.
What country are we talking about here ? I sniffed around CBA and NAB and is business as normal, unless of course you are/have been bankrupt or have a stained credit record. Even then its not that difficult.
Quote:I am not showing off here, I am buying, but only after we have done "extreme" due diligence and market analysis which is my point of this post … don't just buy any property buy the right property. There are many other factors that are making it confusing at the moment for big business and the banking sector. Petrol prices, cost of living, cost of civil works, cost of building, smaller margins for developers, over seas markets.
How did you chose property before you found out that you had to research and do ""extreme" due diligence and market analysis" , dart board ?
ummester wrote:Damo,Everyones expectations are too high. You don't want to have your granparent's life on retirement but if you have any better it will cost some part of this country more than theirs does. You can't have that little bit better without someone having that little bit worse – it's all balanced. I don't know the answer but I do know that people want too much for themselves.
So what do you suggest ? Expect nothing and let the government take care of it like they do in North Korea ?
Quote:Have you ever considerred that after you retire you are not supposed to have much to wake up to each day? Society can't support generation after generation only working 50% of their lifespans – you do realize that, don't you?
Yes, in the best interests of society we should all work 12hr 7 days a week until retirement and then do the honorable thing and commit suicide .
Quote:And BTW – I can only judge residential IP owners on those I know (which is a few) and although I like most of them as people they are only in the IP game for what they can gain – they don't care about the communities the IPs exist in to any extent other than investment potentials. Residential IP ownership, like everything else, needs balance. An IP owner has a social responsibilty to produce as much for the area in which the IP exists as they do for thier bank balance. This has been forgotten but, fingers crossed, the affordable housing review will make IP owners remember… or sell up.You must be thinking of the old Soviet Union here, you want social responsibility try the local church or the nearest socialist party office. We invest our hard earned to MAKE money not to provide charity to slackers and bludgers who are to lazy and stupid to look after themselves. Affordable housing review is just another gabfest and a waste of taxpayers money, but hey if it makes the renters feel important and makes them happy then its worth it.
Just noticed I typed the wrong # , it should have been 7008 Estapol . 7001 is the battery I keep forgetting to buy
There is some extra work when applying the finish because of the timing between coats, if you start in the evening you should be able to finish the job without waking up the neighbors. When you're ready to seal it get your Estapol 7008 and mix it with 30% reducer. That way it goes deep into the grain and down between timber joints properly, I found the 10% recommended is a bit thick to penetrate all the way down between timber joints. Use a lambswool aplicator and be generous with this coat and make sure you cover the edge around the walls properly. For the second coat I mix with 10% reducer and finished third and forth with just straight 7008 and a roller. If you've done the first coat right the floor has become waterproof. Leftover is also good for waterproofing concrete fish ponds.
Down side to 7008 is that it comes in gloss only and if you want to re-coat it down the track you have to use the 7008 again. That and if you spill it and it cures you can only remove it with a lot of sandpaper and hard work.http://www.wattyl.com.au/DIY/Products/ProductSearch/Product_Details.htm?Id=439
cheers,
harrynewbi2 wrote:That said, I did like the duribility of the laminate, we had 2 small children on it for 4 years and minimal marks. I am not sure that a "real" wooden floor would have stood up so well..
Depends on the type of wood used and more importantly the finishing coats. I have yet to find something that's tougher then the 2 pack estapol 7001. The first Tassie oak (moderate hardness) parquetry floor I've done 22 years ago I covered it with 4 coats of estapol 7001 2 pack and didn't have to re-sand it for 20 years. And then the only reason I did that was because the gloss was gone from the hallway and it had a few scratches around the dining table from bits of sheetmetal stuck to my safety boots but other then that it still looked good. A light sanding and 2 coasts of estapol made it look as good as the day I installed it. I've spilled not only water but petrol, thinners, acetone, battery acid and even fixed the motorbike in the lounge then I sprayed degreaser to clean off the oil & grease and mopped it clean. I dare you to try that on a laminate floor.
ummester wrote:No doubt I will find the first home I buy a dissapointment – imagine how dissapointed I'd be with the purchase at current prices.Probably not as disappointed as you'll be by 2011. For your sake I just hope you didn't listen to Scampman and Co. and "invested" your house money in gold and silver, over the last couple of days your 3×1 just turned into a 2br flat .
And Scamp, or whatever you call yourself these days, sorry about your "safe" investment. You can see why the safest investment its still brick & mortar.
Quote:2011 – you're on. I recon the curve will have reached the bottom by then. If I loose, I'll buy you a beer, if you loose, I'll buy one of your houses:)Happy to take your beer but the houses are NOT for sale. Could rent you one of them but, ….if you promise to be a good tenant, pay your rent in time & look after the property like it was your own.
