Forum Replies Created
I just think it is a well named real estate agency that holds a lot of seminars to attract a membership base and provides other services like finance and planning. I am yet to see any evidence to the contrary.
I am interested in seeing how many members have actually bought property through them. I bet they have properties in all the usual ‘spruiker sold’ areas.
Robert Bou-Hamdan
Mortgage AdviserTerry, again, this is illegal mate. You cannot deduct interest on interest to help pay off non-deductible debt.
Robert Bou-Hamdan
Mortgage AdviserI can settle that right now…
Property is a far better investment than shares!!!
What does CRIN stand for?
Robert Bou-Hamdan
Mortgage AdviserI don’t know why those looking for a ‘mentor’ do not just PM or email some of the people in the forum that they would like to ask. Most are a friendly bunch and the worst that could happen is a negative or no response.
I think it is important to have more than one mentor (or person you look to for some guidance) in different areas. A property person might not be a good finance person. A finance person might be a terrible spiritual person. A spiritual person might be a hopeless accounting person. You get the point…
I think buidling a support team is far more valuable than a single mentor. This usually happens over time or meeting with like-minded individuals.
Robert Bou-Hamdan
Mortgage AdviserDoesn’t it suck how HomeSide stopped doing the intro rates on the low docs? That was the cheapest loan on the market if you used the $300 switch after the intro period back into 6.51% plain and simple (before the recent interest rate increase).
Robert Bou-Hamdan
Mortgage AdviserFoundation, I am not wishing for either. I just want to see impartial commentary regarding what is actually going on instead of a one-sided propaganda fest in this forum from someone with alterior motives.
No, I do not believe one person can change the economy. However, I do believe dmichie is trying to have a further negative impact to obtain personal financial benefit. I never said he would succeed but was merely pointing out the motives.
Robert Bou-Hamdan
Mortgage AdviserUsing a properly structured loan with offset, you could do both. The only way your capacity to rapay your existing mortgage would be reduced is if the interest only repayments and property expenses (after taxation benefits) on your investment property and the additional property you want to buy are more than the interest repayments on the investment loans you need. I cannot see this being the case with so much equity available.
Also, the taxation benefits can be obtained in your weekly pay packet to help you pay your home off sooner.
Robert Bou-Hamdan
Mortgage AdviserIt seems a requirement of being totally rich that you have to participate in various illegal activity to either get there or stay there. So many tall poppies get knocked down these days.
Robert Bou-Hamdan
Mortgage AdviserNo, I would be worried about dmichie as well. Maybe you, or someone else, can find him a cheap property on the Northern Beaches and he will be happy.
Robert Bou-Hamdan
Mortgage AdviserOriginally posted by dmichie:I am also against State Government Stamp Duty.At last we agree on something!
I hope that excites you.
Seems like you’re trying to get rid of me. It would be a dull forum if you did.It seems like you interpreted this well following my comment about being happy to discuss other topics with you. This one has been done to death and is getting very old and repetitive.
Robert Bou-Hamdan
Mortgage AdviserYou are probably right. I do not think they work hard enough for much higher.
Robert Bou-Hamdan
Mortgage AdviserIsland, it has nothing to do with whose is bigger… it is about providing the right information. Is there a problem with the information I provided that annoys you?
Would you like me to delete all my posts that provide correct and accurate information?
You said you just wanted “good info”… do you consider incorrect information “good info”?
Another important point you have missed is that I do not submit loans anymore and Terry does. There is no issue with competition here.
Robert Bou-Hamdan
Mortgage AdviserOnly 3% of the workforce is in the highest bracket. The impact should not be that great.
I love the ideas of CGT being abolished after 15 years and tax breaks for companies providing child care.
My concerns lie with why the Labor Party is looking to stop the tax breaks going through because they believe it disadvantages lower income earners. I think these tax breaks are far more beneficial and positive for the overall economy than any I have seen in recent times.
I don’t think the lower income earners see that if higher income earners have more disposable income, they invest and spend more. More investment and spending means more jobs.
Robert Bou-Hamdan
Mortgage AdviserIt warranted big red letters because your ‘doom and gloom’ stories relate to your area and are clearly an attempt to benefit yourself. Give it a rest.
I would enjoy discussing other topics with you but discussing economics with you is of no use to me. There is nothing for me to learn from you that I cannot get out of the most recent media articles.
I do things very differently to everyone else and I am not influenced by the media like it seems can so easily influence you.
[quote}…Perth is still booming, I thought Brisbane was as well until I saw that article in the Courier Mail, …[/quote}
I take it you will be doing a huge backflip on Brisbane now because of an article you read recently in one newspaper. If you look back through my posts, I have been advocating against buying in Brisbane for months and I did not need the media to tell me this. My information was based on common sense.
Your comments seem to also be changing from doom and gloom bubble bursting to flat and soft landing. Will we be in a boom next week if it says so in the newspaper?
Robert Bou-Hamdan
Mortgage Adviserdmichie, I could not be bothered spending my time searching for, reading and then posting articles to support my arguments. This is not my chosen field so I consider it too time consuming. I am content with the information I receive myself to formulate my own opinions and do not feel the need to share them publicly in this area through a multitude of supporting evidence.
I think you will find that all those people you mentioned do not share your ‘doom and gloom’ views but do share your view of the economy going backwards in some way. I certainly don’t have a bearish view (for the millionth time) but I disagree with most of your comments because I know your motives. You are not impartial!
I am also against State Government Stamp Duty.
Regarding common ground, I do agree you are a champion for succeeding in your chosen business due to its highly competitive nature. Don’t let this go to your head though.
It seems that you will continue posting what I consider to be propaganda until I agree with you. If I just say I agree with you, will you give up on this constant negative posting campaign of yours regarding the economy and property prices?
Robert Bou-Hamdan
Mortgage AdviserUnfortunately, many vendors are kidding themselves as to what they believe their home is worth. This is also usually the fault of the agent trying to get the listing.
I agree that in most cases the agent works for themselves but there are the odd agents out there who still try very hard for the vendor.
Personally, I think RE agent commissions should be capped at a maximum of 1.5%. This should weed out a lot of the crap!
Robert Bou-Hamdan
Mortgage AdviserI agree totally although I believe positive articles should also be included with the numerous negative articles that have been posted so a more informed and balanced decision can be made.
Robert Bou-Hamdan
Mortgage AdviserOriginally posted by SeeChange:But , Sydney leads the way in Australia. It goes up first and comes down first.
The ‘Northern Beaches’ is but a pimple on Sydney’s butt and I don’t think dmichie’s attendance at one or two auctions resulting in a 7% auction clearance rate could equate to a Sydney-wide Morgan Gallop pole.
It is more likely a crappy real estate agent or a larger decline in that particular area of Sydney.
Robert Bou-Hamdan
Mortgage AdviserThis was discussed in the last few days. I think it was in the help needed or general property section. Try a search for land and tax.
Robert Bou-Hamdan
Mortgage AdviserOriginally posted by dmichie:These articles can only be seen as “negative” if its in your interest to see the house prices continue to rise. From a first home owner’s perspective lower house prices can only be a postive thing.
They are seen as negative because they potray a negative economic outlook. To yourself, they are seen as positive because they mean more profit on your export business and a cheaper purchase price for your PPOR. I am happy to change the term ‘negative’ economic outlook to ‘selfish’ economic outlook if you like.
First home owner’s make up a very small part of property owners and those wanting to buy. From the majority’s persepctive, declining prices can only be a ‘negative’ thing. This is a very simple concept.
I’m actually inclined towards dmichies opinionsSeems like more and more people are agreeing with me [biggrin]
WOW!!!
One whole person has publicly agreed with you. Lets all be ‘selfish’ then!
Robert Bou-Hamdan
Mortgage Adviser
