Yossarian wrote:
Yeah, all those atmospheric scientists driving Ferraris, theoretical physicists sunning themselves on yachts and molecular biologists skiiing in St Moritz.They're *clearly* in it for the money

How about in it for the industry? Proof of future employment? Convince the public that there is a reason to need the scientific…[Read more]

hbbehrendorff wrote:
get rich quick scheme for the scientific community ?  Are you serious ?  Is that as far as your mind will allow you to comprehend ?So the poor little owners of the central banks who control the vast majority of the worlds economy who are just humble enough to give there services so that us the tax payer can buy there c…[Read more]

The climate on this planet is cyclic, it has to do with the 'wobble' of the earth on it's axis and a build up to polar shift. There is notthing any of us can do about it. Climate Change due to polar shift is real, is happening and is not our fault. It has happened before and mankind has survived it. I could be wrong but I think it comes around…[Read more]

James62 wrote:
It appears inner city suburbs are currently incurring significant losses in some areas & outer suburbs are holding values… Will these price drops eventually flow into the outer suburbs?

One hopes…

The crisis is not only fear. Assets are overvalued and the market is trying to work out exactly what they are worth – trouble is that it is turning out to be quite a bit less than what has been invested in them.Say I charge $20 PH and make a chair with $20 worth of wood – the base value of the chair is $40, right? Then the delivery man and the…[Read more]

It's easy.Buy on friday – sell on Tuesday. for the last 6 weeks you would double your money each week if you did that:)

CHIS wrote:
Get into it1st homebuyers have never had it so good.No stamp duty less than $500K21K for a brand new home. 14K for your first home. I wish I'd had this opportunity when I bought my first home. This candy won't last. It's expected to be removed in June 2009. If you don't take this opportunity you're crazy. Rent and wait is crazy if…[Read more]

Skip101 wrote:

Tony B wrote:
Good luck & keep renting.

Regardless of the FHOG, I'd be encouraging people to get off the rental roundabout, Pretty Basic Tony.

Not until the prices are what the renter can afford long term. Renting currently makes more sense for many reasons, including;1) It's cheaper than buying.2) The FHBG is going to stay…[Read more]

Arguing about when the depression started is like arguing about weather or not we are in a recession now. If X amount of time in a recession is needed for it to technically be a depression, does the depression actually start with the onset of the recession or when that time has been covered and likewise a recession?As to the dates being close this…[Read more]

devo76 wrote:
I believe all people on this site should also visit GHPC. ( After all they are constantly on hear spreading there GHPC bible right guys) A newbie will go on there and at first be absolutly horrified as people tell them that 100% without doubt property investing is finished. But as you spend more time on there you realise the…[Read more]

Harb, where have you been?Global warming may be a myth to some but most scientists agree on climate change. I recon there is sweet FA we can do about it now, it is a natural cycle, like property devaluations:)

The internet is a wonderous place, step through the scenario to find your answer.http://interactive.justice.vic.gov.au/discenarios/scenarioView.do?id=116&bid=234&tid=2

30(odd)% from the 2007 peak – average house prices of 250K – is sustainable on current wages of 55K.So, if prices have already moved 5-10% from last years peak a further 25% is reasonable to assume. 40% may be the elastic low point for any one lucky (or smart) enough to purchase at the right time.

I think, if you are being honest, you may not loose any of your houses.

wallyt99 wrote:
I wouldn't personally go that far…. but I was one of the strongest advocates that this was a quiet market and the time to buy.   From what I saw today this is just the calm before the storm, and I will be finding a safe port to weather it out.I.E I will rent….rather than buy.  I am thinking beachside…..  why buy bea…[Read more]

Henry,If you can pay it off before June next year do you really need the 21K:)That said, I think you would still be elible if you match all the other criterior. read about all the conditions on the web page and if you have circumstances outside of them, I recon those circumstances are irrelevant.

Apparently, this time around, the 21K can be used on any new home even if it is already completed and sitting on the market.

VDan,The point isn't to convince buyers like yourself – who were already prepared to buy.It is about getting those who aren't quite ready to commit into the market.A little more research and it seems like housing credit is actually on the edge of a cliff – the percentage of people buying is incredibly low at the moment and, like a typical public…[Read more]

It's not going exactly how I thought it would – but I guess that keeps it interesting I thought that governments and banks (worldwide) would play a lot safer than they have been.

Wonder if you can use the 21K grant with this http://www.revenue.act.gov.au/home_buyer_assistance_mp/5make the loan pretty cheap – of course the govt. would own the land initially but the end result would be a lot less than renting for your own home…