Hi Guys,

Phil, spare lovin? You’re a naughty, naughty boy… And thanks for the offer of a round of golf. I’ll check with the Captain (wife, who else) and see whether she’ll allow me to squeeze a round in to our schedule. It would be awesome to catch up for a social game whilst I was in the hood!

Steph, thanks so much for the congrats! One…[Read more]

Marsden,

Again, some good points. I guess my take on it is that the BBs will be retiring and, by necessity, downsizing. This will increase the “supply” side of the property ledger. The question is whether the “demand” side will stay at current levels or maybe even drop of the BB investors come out of the market. If this happens then more…[Read more]

Phil / Steph,

Can I plead no response on the grounds that I may incriminate myself? [biggrin]

Sorry I’ve been off the net for a while, that’s one of the problems with getting paid a big salary, sometimes you have to earn it! Its been a big cuppla days.

Steph, I think you’re on to something with the GenXers being more work focussed and the…[Read more]

OK, try this one, (the octopus reminded me), apologies in advance:

Man walks into a bar… He sits down and places a tiny piano on the bar. He then opens his duffle bag and pulls out a tiny monkey and sits him by the piano.

He offers to have the monkey play the piano if the barman buys him a round of drinks and the barman, seeing some free…[Read more]

Greg,

SNAP! That is SO my favourite movie of all time too. I just love Andre the Giant, not to mention Billy Crystal and the whole “to blaive, which means to bluff” to which his wife the witch replies “lyer!” and chases him around the house. [biggrin]

That is one of the best feel-good movies of all time! Seriously!!

Richmond, I’ve got to add…[Read more]

Femaleage20,

Great work! I regularly buy my Christmas presents from the WorldVision catalogues, or from New Internationalist or others. In this way, not only do your loved ones get some fantastic gifts, but you’re giving a gift to the less well off who don’t enjoy the standard of living that we do and could do with some Christmas cheer.

I…[Read more]

LifeX,

Great post! I read Crashy’s in detail and I could tell he missed the point, but I can understand this based on his explanation of his past.

I think everybody who posted on this thread would agree Christmas is a time for family and for giving. I too will be hosting Christmas at my place this year and not counting the cost. I’ve got the…[Read more]

Guys,

I don’t think the bust that BIS Shrapnel are forecasting is predicated in any way on the Baby Boomers. Its just a simple macro-economic projection based on the current level of foreign debt and our ability to service that debt. It includes the current lack of affordibility of housing and the likely impact of this as well as currency…[Read more]

Aussierogue,

Thanks for the well wishes with my masters, but its an MBA not a M-Ec. I know, before anyone jumps in, these aren’t worth the paper they’re printed on nowadays. [biggrin] But hey, it let me at least understand the posts on economics so that’s a good thing. I actually enjoyed the Applied Micro-Economics subject a lot (makes me a…[Read more]

Guys,

Seems we’re now off into the “can everyone be rich” discussion, or the relative merits of economic constructs.

I posted a response to the thread by that name, here’s the link:

https://www.propertyinvesting.com/forum/topic/14308.html

Aussierogue, you’re on the money when you mention market imperfections and the need for intervention that…[Read more]

All,

Thought I should clarify that I have nothing at all against the BBs and that in fact a lot of my good friends are BBs. Just commenting on my perception of the collective mentality as I see it…

Also, don’t get how the GenXers are the lazy layabouts that expect handouts? Being a GenXer who’s now 3/4 through his Masters and works 8am-7pm…[Read more]

Phil,

I think you can guess my take on this by my posts already but I’ll answer more precisely anyway.

I’m a GenX (born 1970) and don’t really have an opinion of the GenYs yet. But of the Baby Boomers (BBs) I think:

1. They’ve done exceptionally well for themselves due mainly to macro economic factors arising from the end of WWII.

2. They…[Read more]

Greg F,

Merry Christmas! Nice pressie!!

I often wonder how these figures are arrived at though. “Retail Spending” I take it means spending in retail outlets and excludes such things as holidays etc. My wife and I are flying up to Hamilton Island on Saturday (don’t mean to gloat [cap]) for a week sailing around the Whitsundays. Does this…[Read more]

Lukis P,

Check out this link. There’s a lot of different manufacturers represented here and most export to NZ.

http://www.realtyguide.com.au/kithomes.htm

Cheers,
Michael.

PS Post us when you figure out which approach you’re going to take. I’m looking for a cheap house approach for my acreage at bundaberg. Would like a nice 3 bedder for…[Read more]

Originally posted by marsden:

Every investor has to do their own research and make their own decisions. My conclusion is that the retirement of the BBs is going to seriously discourage an increase in the value of urban property in favour of life style property. An oversupply of urban property will keep yield on urban property low because of low…[Read more]

gmh454,

I can’t help but sense interesting times ahead. There are a lot of contributing factors including the Baby Boomer phenomenon, which I consider to be a significant event, the likes of which we haven’t witnessed before.

I can but hope my intuition is born out as I’m cashed up and awaiting my opportunity. If something “significant”…[Read more]

Agreed,

I asked my parents (60-ish and well off) whether they were going to do the sea change and they both voted a strong NO. Them and all their friends in the same boat. They want to stay close to family in the Hills District.

My wife and I though, bought our first home at Narrabeen. We’ve always loved the beach and our primary criteria for…[Read more]

Funny, I don’t see the time as a sacrifice. I’m learning while I’m at work by reading the forums and books whilst at lunch. In fact it gets me away from my desk for longer at lunch which is good for my sanity.

For me its all upside. Sure, I haven’t started losing my weekends to auctions and open houses. But when I do that my wife will come…[Read more]

About all I’m left with then is buy low, revalue, refinance, pay off the car… But its a risk as the valuation has to come in stronger than your buy price.

Sounds like you’ve got to get that car paid off…

Michael.

Qwerty,

Thanks for the info. Its the fibro shacks that I’m looking at too. There’s a heap of them on level ground in the area I’m looking which is just a block back from the main Road. I figure if I buy a few, tart them up and rent them, then I’m sitting on long term CG possibilities as urban infill catches up. I’m a long term player and am…[Read more]