Forum Replies Created
I really think it comes back to the times earning ratio ???
In the 80s a house cost 3/4 times earnings today it is 8/10 times earnings.
Forget about all the ratios and all the history and all the what ever … it is not rocket science here … it is basic maths
Steve and Dave started this site on mathamitics … investment is mathematics … ROI … the return you are getting 3% – 6% – 10% will determine how rich and how how fast you become … end of story
IMHO
Bill Gates, Warren Buffet, Steve Jobs Kerry Packer etc What and where you buy matters not … good luck bad luck … growth is luck … what is your return is the magic formula
If I gave you a choice of investing in ANZ at 6% and Westpac at 10% where would you put your money …
In the old days the best investments were within 7km from the CBD of any city.
Peter Spann was a huge advocate of this and he was one of the first property gurus b4 Steve and Dave 0 – 130
As Kiyosaki says it is all about cash flow … growth is a bonus but cash flow is king.
Always remember the rule of 72
4 me I would always trust a one bedroom unit within 7km than in a mining town … IMHO
At the end of the day it is what you have when u r 65 … as Packer used to say … you never count your cards till the dealing is done
I find some interesting daily updates on http://www.goldsilver.com regarding the U.S FYI
Always lots of differing opinions but the fact still remains that printing more cash is not the long term solution.
There will need to a partial bring back of the gold standard in some form to settle currencies and create consumer stability
IMHO
I'd hate to be a banker in this market … what about a valuer ??
Great and very long thread … so where are we now with the down grade to AA+ … bright future or challenges ahead??
