TT552 replied to the topic buy, rent, or re-mortgage in this market ? (sydney) in the forum Help Needed! 16 years, 4 months ago
you should sell both of them as the price may go down even further, you may only get $200,000 for blacktown in 6 months time (peak oil and distance of Blacktown), Russell Lea you may lose around $50,000, so sell now before it gets worse, plus how secure is your job? recession cause unemployment
TT552 replied to the topic Best advice : Don’t invest into property : The australian market is CRASHING. in the forum Help Needed! 16 years, 4 months ago
Hi, did i make you guys worried about your IP value in a few years? I am sorry but truth hurts sometimes. Yes, I believe Baby Boomer are going to crash the property market just like the way they pushed up the market in the past 10 – 15 years, they may not dies but they surely will DOWNSIZE their home, who would want to live in a 4 bedroom hou…[Read more]
TT552 replied to the topic Best advice : Don’t invest into property : The australian market is CRASHING. in the forum Help Needed! 16 years, 4 months ago
I am a 28 years old full time working professional, i will NEVER buy a property for at least another 5 years, because its going to crash, i put my money in the bank (cash), and wait for the market to go down. Why should i rescue some greedy property investor from their huge mortage? i pay rent (much less than the actual interest on a mortage), i…[Read more]