Only PM's as a hedge against the coming storm. Down about $7k at the moment. Talk about timing!! But the potential is for a 10 fold gain over the next few years. We'll see. I have other irons in the fire other than markets. The Freckle
Freckle….. it sounds like your a Mike Maloney fan ?
Jay has a good point, it's hard to make the same mistakes with so many homes in the inventory being bought with cash and IRA's. Funny u (since when was grammar on the forums so damn important, i use U instead of YOU cause my Generation is more tech and social with how we communicate. Thanks Twitter, hash tag #) mentioned the IRA's, i went to a seminar this weekend about it with my Real Estate agent. Real estate is by far the safest bet compared to stocks and bonds. I haven't invested in he market since 1999, just to damn crazy for me.
The Gov and there mess with Fannie and Freddie has to do lot with how they perceived everybody deserved a home and part of it was greedy banks and mortgage brokers. Is it me or does it seem like the run of the mill broker died with the bubble burst.
I like what the freckle posts, but man, u can be a Debbie Downer. At the end of the day the market is low here and the investments i buy make me and my investors money. The first golden rule is buy when the market is low, Warren Buffet would agree with me on that .
Make fun of our grammar and education system, whatever mang! U can hate all u want, i'm hater proof.
Kyle
Punctuation is important.
Let's eat, Grandma!
also dont forget to use CAPITALS.
Can you help uncle Jack off the horse? Can you help uncle jack off the horse?
Well the Reserve Bank is pretty optimistic – more than your comments. Its not just media hype. But there's always the xfactor of what we can't see ahead. The current stabilization of nominal house prices as wage inflation carries on is already making housing more affordable so there's still a chance that the Australian housing market can adjust without a US style crash that was fueled by over building and lax lending that didn't happen in australia. Also Aussie households stopped borrowing like we did before the GFC. I've sold my Australian bank shares as I think their profits will slow. We are very dependent on china now. It's not pc to say it but the Chinese have a higher average iq so don't under estimate china.. Luckily we are getting them as skilled migrants.
at least in the future we will have jobs
we can all become farm hands , working on chinesse farm in australia looking after china's food security
Hi all, Looking at some first time investment in the us. I've been looking at a few different companies and at a superficial level us invest seems pretty good. They give you access to a bunch of accountants and lawyers, And set up your accounts and llc. They do charge 4k per property though they come pre tenanted. They've been hesitant to give me any addresses, which is worrisome. I'm concerned they're adding a hefty margin to the property price. Thoughts, comments, experience?
Luke check out some of jlawses posts on this and other forums…….. !!!!!!!!!! GOLD !!!!!!!
Sure, lets Roll. Freckle posted some interesting stuff. Is property a good investment right now? Or should foreign investors stay local until the actual bottom actually hits? When will that be? How is the situation in Europe going to affect us property for the au investor? Is the dollar going to crash if Europe doesn't get it <moderator: delete language> together?
luke
i think you have a better chance of picking the top of the Aussie market than picking the bottom of the US propety market
the US has been running the printing presses for a few years now the GFC has a long long way to run
you just cant get out of trouble , throwing bad money into bad debt
Aussie,s are living high because of the howard government and the resourses boom
heaven help us if china slows production or that bogan ranga PM see's out another term
Then you know little about Warren Buffet and are simply parroting what the media says. Buffet doesn't give a hoot about property other than it's in his personal interests to talk up the US economy. Much of his commentary is not taken seriously by mainstream economic commentators. Buffet is more of a 'story' these days as opposed to some oracle. His investment company (Berkshire) accesses investment deals and has them structured favourably in ways only you and I could dream of. If you read his commentary and watch his interviews they're all about promoting and talking up his many investments. His comments are subjective and considerably parochial and shouldn't be taken seriously by the average small time investor. His investment philosophy and strategies in the early days of his career on the other hand are well worth getting one's head around. The Freckle
i love Buffet quotes
be fearfull when the market is geedy and greedy when the market is fearfull
A girl in a convertible is worth five in the phonebook
hes always entertaining , he always has an opinion i love his books
i love his brother jimmy buffet and ive been to margaritaville a few times
oh and" mainstream economic commentators " can kiss my
"Lawsjs Both those guys know their markets inside out and backwards. They LIVE there and grew up singing about rockets every day they went to school. My sister lived with a guy who played with rockets for the US Govt for years, but I digress:) "
acommadation in the US is easy if your not to fussy
super 8 motel or americas best value are along all the freeways and in every small town or city
they cost on average $50 US per night they have free wifi most have a small fidge and microwave they have a free light breakfast and coffee in the mornings between 6 and 9am alot of the time you can park the car right outside the room
they are easy to find with a GPS they are clean and most times checkout isnt till 11:00am