You are really out there aren’t you…for a start I was the consumer (as in I bought the houses) so the Trade Pactices Act protects me.

As for somebody trolling a web site, tracking me down and then prosocuting me for negotiating $25,000 off the price of a house….seriously…you have been reading too many conspiracy books.

As I stated (and you…[Read more]

Originally posted by Nat R:

This may come as a shock but I don’t need or want the people I buy property off to love me…I would prefer to have the extra money in my pocket. I think you will find that most buyers feel this way. In fact, I would feel that I had failed in my duty to strike the best deal for my familiy, who I beleive really do love me.

This “I will strike…[Read more]

All I can say is you will be holding on to this property for a long time with views like you have. Do you really think that the other 99.9% of the sellers in the market have got it wrong by using agents? Everything you say and the way you say it just re-inforces my view on private vendors…..don’t be upset, the world needs more people like you.

Ethics does matter, and it pays better, and for longer…but I’m sure you know better and would disagree.

Ethics and final negotiated price are two different things, you don’t have to be unethical to strike a bargain! Keep in mind I didn’t hold a gun to their head …all I did was wave a cheque in front of them…something most sellers…[Read more]

There is a cliche in legal circles that I’m sure you have heard “a person who represents himself on court has a fool for a client”

I feel much the same way about people who try to sell their own house. I have bought 2 houses off private vendors and both times I have been able to completly screw the vendor as they did not have anybody with any…[Read more]

A “securitised lender” is a bank or non bank lendee who sources their funds via the whoolesale bond market. Every lender in Australia (bank and non bank) does this…some more than others. Lenders like Rams, Liberty etc are very realint on this style of funding, the bigger banks are less realiant. This year there was $50bill of securitised deals…[Read more]

Geo…it is very hard to frame a response to your post as you are so ilinformed that I’m not sure i can simplify my reply enough for you to undertand it.

Do you think that people like Anibus and myself just make up the stuff we post. We both work in the world of finace and we understand how things like the ASX and money market work….please try…[Read more]

IMHO…you can set up as many trusts/companies etc as you like but if the family court feels that you are hiding assets or income they will just gouge them out of you another way or ignore the trust….keep in mind the processes within the familiy court are unlike any other court and is heaviliy geared towards the less empowered person in the relationship.

To suggest they are a competitor to telstra shows you have absollutly no idea how the Telco market works…in no way can two-bit reseller that is spending nothing on marketing and even less on infrastructure be considered a threat.

In the UK there are ove 400 Telcos…..3 of them controll 97% of the market….that leaves 397 companies fighting…[Read more]

You can request a copy of your credit file from Baycorp (for free) …why not check if it is actually on there or not !

A quick update on the how the “access your super now” industry is travelling (or not travelling as the case may be)

http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/04-388+Superannuation+'cashback'+promoters+arrested+trying+to+leave+the+country?openDocument

Definatley…as I keep saying there is no magic in how the banks set their fixed rates…they just go off they relevant swap rate…have a look in teh markets section of the Finacial Review under “swap rates”. The swap rate is where banks and corporates can lock in fixed borrow and lending rates for 1,2,3,4 out to 10 or more years forward.

The…[Read more]

Based on your findings would you call that bait advertising ?

As others have said the non comforming sector is a growth area but keep in mind Liberty hold about 60% of the market share with Bluestone and Pepper holding the balance. These are all big companies with many millions of dollars spent to get them to where they are today.

You need to ask your self can a small company selling $40,000 shares to mates…[Read more]

I thought ‘bait’ advertising was banned.

My predicion is that it is bullsh!t….no credible, legal lender will advance money below the official cash rate of 5.25% (except honeymoon rates maybe)….why would a mortgage lender, other than your mum, lend you money at a rate below what they can get by depositing it with any one of the big banks?

And…[Read more]

It is all to do with the shape of the money market yield curve.

Whist the whole world expects the RBA to raise overnight rates they also expect this to be a short lived scenario and three years out interets rates rates will be lower. By using the interest rate swap market banks can lock in these lower forward rates. If you look in teh markets…[Read more]

Keep in mind if the price of petrol in Australia tripled (which is sort of what you would expect if oil tripled) then it would still be cheaper than petrol in the UK an most of Europe.

Quote: “In relation to the ‘on book’ issue, he fails to address a fastly growing sector in the investment world which easily provides sufficient funds for Australia’s investment needs going forward. I am referring to securitisation”

Mortgage Advisor…for your guide…Kohler is actually referring to securitisation in the article when he talking…[Read more]

Ignore Alan Kohler’s article…it is completely wrong in both the logic it applies and the conclusions he draws….any trainee money market dealer who has just graduatued from getting the coffees and collecting the dry cleaning for his boss could shoot holes in Alans explanation of how the market fits together.

Likewise Mortgage Adcvisor there…[Read more]