Devo, I understand some of your opposition to Scamp over-zealous doom and glooming but how can one derive FACT in a world where finacial gain is fueled largely by spin and specualation. The fact that there are no hard FACTS is very much part of the problem.You know want I want, I want the tide to come back with quite a bit less money in it so we…[Read more]

CHIS wrote:
Putin is turning Russia into a new super power. There sales of gas and oil have the economy cranking.

He's doing well…http://www.news.com.au/business/story/0,27753,24467228-31037,00.htmlAt the moment everything is up and down like a hard working whore. It is turmoil and confusion, like…[Read more]

C2 wrote:
unmester,If you only concentrate on a portion of the post then it will be easy to come out with negative comments.Reread the post and you might be able to get the gist of it.  The point I made is that there have been people saying doom and gloom for the last 20 years.  Property values have gone up and down but more ups than down.  In…[Read more]

So basically, investors who have been in the game since 2002 or earlier will still be profitting. The rest are f$#ked… 

F has a point. The governement is a slow, beurocratic beast (i should know) but it always catches up with those who defraud it.

IP Freely wrote:
If interest rates are such a blunt instrument, which has been carefully used in small  doses to slowly reduce demand in the economy how can the RB now justify a reduction of 100 basis points? (a real reduction of 16.67% ie from 7% to 6% – is this a gross over-reaction?)Should they have continued to slow the economy over the…[Read more]

Seems that way – but you have to wonder why the RBA gave such a big cut?

Ok – I may have to about face here. The RBA cut rates by a whole percent (and we aren't even officially in recession) so the banks should be able to allow some cuts through to the mortgage holders – possibly why the RBA did it. I never thought the RBA would cut by that amount, it usually only happens when the country is fully in recession.

Macnatt wrote:
I disagree with Scamp about massive job losses in the mining industry. The mining boom is underpinned by the asian markets which have esacped the financial meltdowns of  the US and Europe virtually unscathed. Australia is indeed a lucky country at the moment as its economy is not underpinned by financial markets like the US and…[Read more]

Aren't REAs currently the most untrusted proffession in Australia, having beaten even Lawyers?Treat them like you treat any other salesperson, politley but always aware of the fact that they need you more than you need them. If you don't buy, it's their loss, not yours. There is heaps of stuff to buy at the moment and heaps of REAs looking to make…[Read more]

harb wrote:
The way I see it is more like a landlord who lost $1000 at the blackjack table and then puts up the rent to cover his loses. I suspect we'll see RBA drop 0.5% this month and the banks 0.3%

So why would the banks lower rates if they have losses to cover?I saw an analyst on the business channel predicting a 0.2 cut from the banks as…[Read more]

Scamp wrote:
Get out, and stay out of property until prices dropped 50%.

Even I am not waiting on drops that high… still, Scamp, you have brightened my day.

harb wrote:
Sounds wonderful in theory and I'm sure you could come up with formulas to prove your point , too bad life doesn't work this way and people sometimes make irrational decisions.

Like investing in overvalued propertyhttp://www.news.com.au/business/money/story/0,25479,24452030-5013951,00.html

kum yin lau wrote:
Hi Ummester, AUD came off the high of 95/96 cents to USD. How can that be bad? Parity [it came really close] was never sustainable at that point in time. We're now around 80 cents. It's a natural adjustment .

But heres the thing – when we were almost at parity the US economy was in decline (about 6 months into the subprime…[Read more]

Yossarian wrote:
Interest rates are on their way down because of legitimate concerns that the credit crunch  is flowing through to the "real" economy".  A downward cycle is far from an indicator that things are rosey. 

Indeed. When reserve puts rates up, economy is strong. When a reserve lowers rates, the economy is week.I just can't see the b…[Read more]

Just give the REA a letter for the owner. If the REA asks why, say it is not related to anything that concerns your current rental agreement. The REA doesn't have to know anything else and would be breaking the law if they opened the letter. If the REA doesn't want to pass it on, ask for the owners postal details.If the REA shoves you off, ring th…[Read more]

wallyt99 wrote:
That said….noone has really answered the question….Everyone says the bubble will burst, but why?

Because current house prices are unsustainable, individual's debt levels are too high, assets are no longer making the capital gains they were 7 years ago and many mortgagees are running out of time to be productive memners of…[Read more]

harb wrote:
Sorry to burst your bubble unmester but the fact is that interest is coming down and we won't see 9% for a very long time. If the crash did not happen with rates going up then there is FA chance of a crash with rates falling. (yes I know, the banks will not pass them on. ) The percentage "drops" that you are talking about are mostly…[Read more]

wallyt99,How can Australian small businesses afford a hyper inflation in wages? For retail wages to increase, product prices have to increase and so on…Chinese buyers may just be a Melbourne thing… not to be racist myself, but everytime I have been to Melbourne I have noticed that there are more asians compared to other cities.Boomers are…[Read more]

kim yin lau,There isn't as much money/asset value out there as what has been speculated/given credit for since 2001 or so. There isn't even as much future money. This is the problem the world is currently facing.So long as you have a regualar/sustainable cash flow that is enough to cover reasonable (5% or so) rate rises on any of your debts, you…[Read more]