You don't want an upside down mortgage, they are not a good financial strategy,  Especially if something happened to go wrong…  That's why I said in a previous post that during the next few years some will prosper and some will loose everything they have. We are experiencing a time of great wealth redistribution,  I predict that while western li…[Read more]

Absolutely NO,  2009 is not the time to invest in property,  You will find it will be loosing value for several years.

Yes,  I remember all the guru's on this site telling how by late 2008 or early 2009 it would boom…. "The Mother of All Booms" to be exact.Then there where the guys telling everyone on this site to Quickly put all there money in the stock market a few months back…. Now we are in 2009 to find the ASX in the 3300'sLike K Rudd and a lot of people…[Read more]

Government boost fails to attract buyersINTEREST rate cuts and the increase to the first-home buyers grant appear to have failed to restore confidence to the property market with auction clearance rates dropping sharply over the month. The slide was most pronounced in Melbourne, which recorded its worst monthly clearance rate since January 2006, Th…[Read more]

Well actually unless you have a signed agreement then he does not really have a leg to stand on.I don't really know the full story So its hard for me to comment,  But if you really think your in the right then I would just pay him the $600 that you agreed on.And no,  Dont tell him to get F&^%

would would you wack  all your cash into a term deposit and loose 10%+ of its purchasing power per year ?  Buy gold instead, and you will make nice profits in 2009

How do you borrow money at 15% to develop and still make a profit ? Why the hell would you borrow at 15% when you can borrow at less then half that.  If the developers have to pay that much to get money then it sounds a bit dodgy to me.

Phase 3 costs a fortune to setup

See the thing is,  People are waiting out for some magical big event,  But that's not how it works,  If you want a look into the future then look at America,  We are very similar to them, Only a few years behind.I don't think the property markets will suddenly drop down 40%+ next year,  But overall if there's less then a 10% drop in 2009 then I wi…[Read more]

One of the best ways to keep your house cool/warm is to have installation,  What is generally used is Pink Batts,  Though don't opt for the sound proofing one because its crap.Yes your right about the ducted air con,  Its crap,  Costs a mini fortune to buy and sucks to much power.A few reverse cycle split systems around the house are the way to…[Read more]

1% interest and 20% inflation,   Just what we need to fix our economy

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Pay your 100k home loan off,  Then start thinking about getting greedy

I don't think we have seen the bottom,  I think the current trend is still the sameAlso there is the baby boomers who's entire retirement savings is in the stock market,  They need to sell there stocks to support themselves.Also I think we will see more dives when it becomes evident that company's continue to make smaller profits and go b…[Read more]

The western world has turned into a population of mindless consuming zombies.Have you heard the story of the wall mart worker who was killed in the black friday sales ?The Zombies trampled him to death to get there cheap Xboxes and then refused to stop shopping when police cameMaybe David Rockerfella and his nwo are right,  Maybe we need to…[Read more]

Well don't just blow hot steam,  Start naming Economists  !

They will be "ha ha ha" which a stich when they have to sell up there investment properties next year and sell there brand new SS for $20k

I dont think that includes the $200, 000 block of land.

I dont know how many people have debt, and what debt they have.  I thought that seing this was a property forum that most people would NOT be in debt…

Yup, Eventually the NWO plan is to bann all sites except for a few thousand gov approved ones.. Its called Internet2Free speech is a very dangerous thing,  and cannot be allowed to prosper if there plan is to succeedThere are already similar programs to this being implemented in England and America.