krazystyler: [hmm]

kay henry

Jack, you’re right. I don’t have my own PPOR, but I might be able to afford it now

kay henry

ummm… folks- who says this decision won’t be replicated in other states?

Presumably this decision relates to properties that we already own. So even if we own an IP in Qld or tassie, a couple of years down the track, we could get the same tax anywhere.

But hg- I’ll still be buying- even in nsw if I wanna. I guess I’ll just be buying properties that I know will still stand up until I die

kay henry

Here’s some of my hit predictions of a few implications:

* a drop in flips
* buy and hold forever -> less properties on the market -> increasing demand for IP’s. Either that can be made up by new stock. Older, more affordable stock will increase in price for those new to the market who can’t afford the new stuff.
* less stock on the market may lead to a lack of interest in RE in the community generally. Maybe investors will be able to benefit from a flat market.

What do other people think?

kay henry

mortgage brokers charge fees to borrowers, residentialwealth? I didn;t know that- I thought they worked for credit providers, and got paid by them.

Simon, I remember seeing an article like that before. Would mortgage brokers be obliged to disclose to clients if they have a “special interest” in a particular bank or financial institution? Or is the deregulated nature of the industry such that no disclosure is legally enforceable?

The “late night visit” thing is not a bad thing, I reckon. Most property investors work for a living, so when else are we supposed to get it sorted? I guess in many industries, they might call that being “customer-focussed” or “flexible” to clients’ needs. I thought my mortgage broker was great on his late night sojourns. [king]

But as with any industry, clients have a right to know if they are being casually coerced into a product if the broker is receiving kickbacks.

A bit or regulation won’t kill that sector. I wonder what form it will take though.

kay henry

It is not about “winning”. It is about having a discussion. We discuss media reports from the REI’s, Residex, all over the place- I thought everything was discussible.

It’s all about due diligence. If we get involved in something and things go wrong, we are told (on this forum) that it’s our fault, we were greedy, we didn’t check enough, had no idea what we were doing, don’t come sobbing to me, that we are stupid etc. with noone to blame but ourselves. These are words from our fellow forum members. We didn’t do our due diligence, so no support from us!

On the other hand, if we ask questions, raise concerns about things, we might then be told to shut up, piss off, we’re just bringing down a tall poppy, we’re jealous, we’re bitter, we’re negative, naysayers and tyrekickers etc etc… these are also thoughts from our gentle forum members :o)

So we’re damned if we do question and damned if we don’t!

Mini, I’ll just refer to you personally, as you have referred to me. When you felt a need to question a member of this forum some time ago, you were able to do so. Other members of the forum could understand your concerns. You were able to express them. Why do you think the “kay henry’s of the world” are so problematic? We all ask questions, we all have doubts- you have had them about some things in life, and I have them too at times.

If I am one member and there are 4000 other members who disagree with me, then it’s all fine. There’s no need for people to be so angry. Steve is a multimillionaire who has done very well in life, has a loving family, and is by all accounts, a very personable man. I am just a little kay henry

It’s not a competition, of course- I never said it was- that’s another’s words. It’s just a discussion.

kay henry

Very cute, redwing :o) Thanks for that! [fez]

kay henry

Who is saying we don’t want people to succeed, im a god? It’s called doing “due diligence” remember? We’re all told to check and clarify everything we do about RE. We’re told to take personal responsibility and check out claims etc. It’s quite natural to question things, and it keeps us safe. Are you suggesting we should believe everything we are told in RE?

kay henry

Ohh, it’s ok Ruggy. Acey’s got a sense of [lmao] I am sure he would appreciate the [whip] references even if they are [offtopic]. Sorry for [] you Cel. I just got carried away [biker]

kay henry

ummm… hello? It’s supposed to!

kay henry