Harsh comments on this topic from a friend of mine from the UK:

“If you bought anything for 18-40K pounds in the UK especially around Manchester then you would:
1. Be buying in a disaster area full of druggies, pimps and wino’s.
2. The property would be fit for the wreckers and it would be ready to condemn.
There are no worthwhile properties in…[Read more]

Companies in Sydney are offering to do a schedule for me for around $6-700. Oddly enough, one of them has a standard disclaimer at the start of their report stating something along the lines of “this schedule is not to be used for tax purposes” or “has not been prepared for tax purposes”.

Pisces’ “Housing market” – does that include interest rates?

The impact of the potential for interest rate hikes in the short to medium term on the attractiveness of currently CF+ properties has not been discussed as yet.

I wonder if most CF+ investors have taken out interest only loans…

I am thinking that there may be a strange element of…[Read more]

One of the replies to this topic said that it is important to build relationships in this game. Maybe, but what is the chance if the RE industry is, as many claim, to be full of sharks, crooks and liers.

I see that a lot of people have been buying for investment purposes in the Aussie market, if not in droves over the last 3 months. Apparently ~40% of property owners in Australia are investors (Reserve Bank this week in SMH).

I remember reading posts on this forum a while back suggesting that investors don’t really influence prices (i.e. don’t…[Read more]