An old developer mate of mine has a saying "what is the true value" of what you are buying?China is slowing no doubt about that … how will this affect Australian jobs and inflation?EU financial mess is still not fully disclosed and is losing support to be fixed, will this affect Australia?Australian retailers are really hurting, I personally do…[Read more]

<moderator: delete flame>Philip Sigglekow

Hi Garb,

This will b my last communication with you.

God only knows why u have such a chip on your shoulder.

If you read your replies u will understand that u have not understood my points.

It really does not matter what I respond to you here because u will find a smart a.se way to reply … u r negative energy to me … I have done the hard…[Read more]

Hi Scott,"The Age" believes that property prices on the top end will drop by 15%Banks r in the business of lending money to make profits … ah how much profit did ANZ make for the year?The rich r getting richer and the middle class is being wiped out …. quote by Robert KiyosakiInflation began in 1971 with Pres Nixon and it it compounding into a…[Read more]

Hi Scott,

Lets see, ah we have no funds? or we have no confidence? or we read in the age that property is overvalued by 15% or we are waiting for the FRB in USA to announce on tuesday what is happening, or I know we want 110% pre-sales before we lend any money aaahhhhh

Philip

Hi Harb,

You sound sooo wise so how many houses have you built?

Money does not make you rich but the process of making money will make you rich, many people are good at playing monopoly but fail in real life using their own cash.

Real estate is not the same everywhere, you can’t compare Penrith to Point Piper or build an AVJ 3 bedroom home in a…[Read more]

The federal reserve bank in america is not federal is not a bank and they have no reserves, but make decisions to print cash more than they have in assets (gold) , go figure that.

Nixon changed the rules of money in 1971 when he took away the gold standard from cash.

Philip

Hi harb,

I would like to talk to you or meet you in person I am in Sydney but travel extensively where do you want to meet.

Kindest regards
Philip Sigglekow
LREA author

If the government changes policy who is liable … the sales person or the government … I believe this is a very risky investment … risk means u have no control … never trust a government because u can’t sue them …

Philip Sigglekow
LREA author

Hi unmester,

Good points … is there a difference between rich and super rich … is our rich middle class as we know them and supper rich another level we never talk about? … super rich pay 20 million for a penthouse and don’t care if it value drops here and there ??? … who are poor people and what level is poor?

Overseas buyers buy…[Read more]

yep must agree Mel is the best in Sydney and Vic I believe his legal agreements r very tight … regards Philip Sigglekow

Hi Harb,

Firstly I cannot understand why you are so sarcastic in your responses.

I don’t know how many houses you have built or investments you own and the limit of your experience.

When you get a quote of $200K from AVJ the end price will be $300K

$800K was a quote for a finished Peter Binet home I paid $425K for a 5 bedroom finished…[Read more]

Hi Harb,

Sorry I didn’t go for the solid gold fittings hahaha funny comment

Secondly I built a project home not a designer builder … I had Peter Binet give me a quote at the time which was around 800K I went for Westminster Homes and did my own personal touches like 40mm granite in the kitchen, marble floors in all baths and fully tiled walls…[Read more]

Good comments

IMHO I believe we are separating the wealth from the middle class into the poor and and rich classes.

Will we ever see another BOOM like the last in our life times?

Paris has a population of approx. 10 million people, a 15 square bed sitter rents for $1,500.00 per month – London prices are dropping, Rome prices are dropping, USA…[Read more]

HHmmm good points here however,

How long is a piece of string?

I bought an old sh.tter in 2000 knocked it down built a 40 square pool 3 marble baths and am up one million profit HOWEVER

If I had to upgrade in the same suburb (Hunters Hill) i need another 500K

I don’t believe a lot of people make money because you have to replace it … 99% of…[Read more]

Yes W agreed.

What is a millionaire in 1980 today is probably valued at 10 million dollars to be a millionaire.

This all began (inflation) in 1971 when Nixon too away the cash value from gold … read the conspiracy of the rich by Kiyosaki.

Here in Paris and London the sentiment is the same … affordability.

Cheers Philip Sigglekow

Hi GuysWell I'm sitting in the Sheraton N0.1 hotel in Rome we just did a 18 day tour of Italy and over the Swiss boarder.Tomorrow I go to Paris and then London, I have 3 mates from the states with me and a few others.There are opportunities in the states for sure, Europe is quite different BUT I am blown away with the number of tourists, one bus…[Read more]

Hi Poss,

yes yr sparky mate is correct

Pole and 3 phase cabling max $2,000.00

New board with CBs and safety devises plus rewiring the whole house not including fittings, $6,000.00 MAX

Did one 4 years ago.

Philip Sigglekow
LREA author

Yes interesting,

We are borrowing 100 million every single day of the week, welcome to “labour”

Mortgage reset loans are kicking in now.

Commercial vacancies are rising.

Developers can’t get finance, and the banks are tightening up more because they are not getting funds from overseas.

Obama is spending more money, now on roads, rail and…[Read more]

Hellow DW,

Yes it is all over the place.

400 properties in the Eastern Suburbs of Sydney are about to hit the market from bank repossessions.

Civil works costs in Sydney have been increased by $30,000.00 per allotment on new sub-divisions.

Bottom is more expensive to develop and the poor people once again are the ones to feel the…[Read more]