Interest rates won't fall… It's a hoax, just like all the spruiker stuff the real estate agents post. Even *IF* RBA lowers interest, the banks will keep rising them anyway, so the situation will only get worse if the RBA drops interest rates. Have a look in USA. 2% interest rates.. lol.. and we all know how much THAT helped them ?  ( hint :…[Read more]

http://www.news.com.au/business/money/story/0,25479,24105428-5013951,00.htmlon news.com.au : THE weakest market in four years has seen house prices drop in most capitals with predictions next year could see 10 per cent falls.

Mister wrote:
Hang on , missed that 30,000 per mth reset thing – is this fact , do we have the report . That in no uncertain terms would be a very serious situation . There are lots of money people here how is it no one has brought this up ?Wouldn't the banks realize they'd only be cutting their own throats and space it out more sensibly  ? So…[Read more]

Mister wrote:
What about the BHP boss . Only 45 and running that place , pretty amazing really .Is that guy sharp or what , one of these rare people where it wouldn't matter if he was standing on his head , the intelligence , the strategy all over that guy  is just staring you in the face  ! If I could have one thing changed I'd order a super b…[Read more]

puffl wrote:

Scamp wrote:
– Bank interest rates *will* go up. Whatever the RBA does ( they should really up the rates also, but it doesn't matter, even if they don't the banks will ). This makes money even more expensive.- Recession is coming, Australia won't escape it. This is not the time to get yourself in debt.

Scamp, if a recession is…[Read more]

Scott No Mates wrote:
Total Assets = $450k + $500kTotal Equity = $200kDebt = $750k

Assets = 550+500 Debt = 850K, not 750K

johk wrote:
Am I right in assuming that I can take my equity of 200k and put in as deposit for the new house? That will give me a second mortgage of 300k.

Although you are WRITING the truth, you are THINKING wrong here. What you are THINKING is : You 'take' 200K equity ( for free.. lala fairyland money ? ) hence you end up with : 350K mortgage…[Read more]

Squirrel wrote:
Hey Scamp… why do you specifically say September?

reports from the banks say that that is the month that the first of a lot of mortgages will reset from fixed rates to variable rates. That's 6% to 10%. That's about double repayments , every month from September 2008 on. The reset will take until about July 2009, with about…[Read more]

Yarpos : A while back ( I believe in this thread, could be another one also ) I warned people about ANZ. If any bank is overexposed to all the crap of USA and bad debt, it's ANZ. Be very very wary about them, and don't keep more than 20.000$ AUD on their bank accounts. A bank run on ANZ is imminent, we all know it, it's just a matter of time. As…[Read more]

oh look mommy, a new scam ! Nothing to see here

Cost of land has literally doubled and even trebledah.. so you want people to buy that land at triple the price ?Where the hell is Cochin ( or is it Kochi ? ) ?Please remove this spam.

Erik, You realize that the real-estate in Japan has been crashing for decades already ?Are you ready to invest your money into something that will keep going down every year , costs you a LOT of money per month ( negative gearing ) and on top of that have 10% inflation ?Everything looked similar in Japan 20 years ago to Australia now. And their…[Read more]

Rudi : Just go to http://www.globalhousepricecrash.com to learn why and how.

rudo1ph wrote:

Scamp wrote:
and you're in love with a house, 

Buying an investment property is not about falling in love with a house – that's what you do with your home.  It's about seeing an opportunity and making it work for you.Just my opinionRudi

Yes, that was what I was saying ( try and read between the lines )I didn't want to boldly s…[Read more]

an adult shop is a bad tenant. People who want to buy sex articles will buy them over the internet.Usually they are cover-ups.

Fresh from the press ( not very surprisingly )http://www.news.com.au/adelaidenow/story/0,22606,24082209-5012798,00.htmlIn short : HOUSE prices fell in more than 60 Adelaide suburbs in the first six months of the year, new figures from the Valuer-General show.

Just wait a few months for the new foreclosures sites to pop up. Maybe, if you're lucky, you can even take the Foreclosure Touring Bus to see all these new upcoming foreclosures, and get tips on driving the prices even lower. You gotta love foreclosures Jon ? At this moment the last few suckers with money buy up at crazy prices, but soon those…[Read more]

jules3810 wrote:
i  trusted a group to build some town houses and  lost  six hundred thousand dollars,  then  lost employment , had a few  other   repairs not on list,   then  daughter  had major accident, had to attend to her needs, ,   with  rise of  loans, and  penality rates,  i was not   getting  the cashflow to meet outgoings,     fell i…[Read more]

You need to dig… for instance, this friday 25th July there is one at Surfers Paradise Marriott Resort & Spa for 40+ auctions in South Queensland. Most (all) of those will be foreclosures.Good luck !

RobL wrote:
I (and for all I know, I could just be a fruitbat in these things) only see a lot of variables movin about the place .. yes, we monitor em, but the fundamentals remain unchanged.

Somehow I get the feeling that you're dutch Rob ? Anyway, what about the fundamentals of credit since the 70's ?Hasn't that changed ? Didn't 'the world'…[Read more]