Forum Replies Created
http://www.cashbackhomeloans.com.au they work like mortgage refunds good site and Australia wide … lots of changes happening to the broker market over the next 2 years – not many brokers pay you money back …
Yep nobody is perfect >>
Hello Hutch,
No I am not an expert and you should not jump too quickly … my point was, that i so badly did not get across was that – being around a little longer than most here not to rely on historical data with out taking into account current trends.
It's easy to assume that if the stock market crashes where people would invest … i just believe that with the current interest rates here and the problems OS that people will sit.
And you are incorrect also because that was not the original question … ditto
D
Hi Crashy and the answer is NO …
25 years of battle scars and went through the 1990's of 19.33% interest rates … hope you don't.
Most people on this site under 38yrs old were 20 in 1990 or younger … I am trying to keep a level head … we lost a lot and have made a lot over time … it's easy being an expert and giving opinions but when something goes wrong I find those people hiding under their desks not knowing what to do.
Remember an expert is a drip under pressure … sign off on all opinions and lets wait and see … it's not all doom and gloom
D
Investing is a science but at the end of the day good timing and a little good luck is very helpful.
The smart investor like Steve knows when to sell …
D
And is that what you would do ?????
Yes history repeats however look at the market closer … we also have rising interest rates and a USA market in trouble which is creating FEAR back here in Australia … or haven't you been watching the news …
D
What heats up in one area goes cold in another … when an area goes out of flavor buyers are harder to find … I think John Howard and Peter Costello are a little nervous at present.
If we look at the majority of the population and not the sophisticated investors on this site … i think u will see lots of over capitalized mum and dads with 100% home loans and interest free store accounts and credit card problems packing beath … but lets and see …
Yes of course prices are rising and supply and demand will alsways be there
D
Hello Bloggs,
1. No it's a C200 avongarde black with grey latest model all the extras 50% cash & 50% lease for tax … the cl55 would be for my hubby but he's too miserable until he turns 50 or thats what he said.
2. Our net worth … more than 300k each as an average … thats all i'll say as it's private.
3. How do we do it … check out my web site address
D
Sorry for this however i really don't agree that things are that hot,
Some people are talking the market up but lets look at the big picture, the majority of people are hurting out there …
Credit debt is sky rocketing and the first home owners with young families are not happy. Secondly read the comments from the people on this site in their 20's and 30's. Thirdly 2 billion dollars has been stripped from unsophisticated mums and dads super funds from property collapses of Westpoint, Bridgecorp and Fincorp and many many other smaller preditors.
The last bust was in 1989/1994 which is 14 years ago so a 30 year old today on this site was 16 then with no memory of what happens when you are charged 19% interest on a home loan – lets hope that doesn't happen again.
It's OK to be caught in the frenzy and greed of making money and hear the stories of multipul property owners but I think the best advise is to look over all the markets and not just pick a few hot spots and blurt all is good in real estate.
Sydney although rising in value is hurting – people have to borrow more to get into the market and the ROI is not good over 80% ot the market – most of the larger developers are keeping their money in the bank at 10%
D
Hi Blogs ha ha … prove it … it's not the number it's the nett value eg; 30 properties x 100k each = 3mill or 30 properties 300k = 9mill.
It also depends on Cashflow and finance structuring which we r just going through again with citibank who have been good to us.
My finanial answer is i don't care what other people own or should i say how many i own – i have been taught to focus on my goals and my financial targets which get adjusted on a weekly basis as you should know.
I know we are in the top 5% easily and am grateful for being so lucky and fortunate in a lucky country – except for the tall poppy people, so i pick up my new sexy c200 mercedes in September, i reacon lifes good, so good luck to you and keep buying.
D
Thank you devo i alwys give people one chance … lets move on
D
Hey Devo76 or should i say … no not at the moment,
Any way you grubby disgusting little man or who ever you are CRAP on you … why are you on this site attacking people for achieving their goals … I/we have been investing for over 25 years how about you big boy or are you a dreamer still living with mummy … go away we don't need people like you here and if you want the challenge I can prove my assets but lets have a wager first if you're man enough …
D
37 at the moment …
D
Thank v8
How is it that a past vacuum cleaner salesman gets to run a company raising monies from plus 50 year olds then sells off assets of the company to his stupid wife and family then build a hideous multi million dollar house (from public raised money) on 5 acres in Camden then ……….. get my point … how stupid is John Howard and the ASIC … Jenman is wright these guys have robbed a bank and are left walking the streets … we should have an area on this site for SCAMBUSTERS
D … if u think i'm b@##dy angry you're correct !!
37 properties … buy low sell high … buy some one else's problem … look for bad luck and turn it around … buy near cbd only and or top 7 best suburbs … one bedroom units in SYD Eastern suburbs … build duplexes sell one keep one … develop land into res a lots … lots of other strategies …
D
Dear Yossarian
Whether you think you are right or you think you are wrong you are probably right …
D
So Steve if you are reading this what are you going to do about it or don't you care either – a leader listens then takes massive action other wise you will lose respect from the people who have supported you and your books for so long ??
IMHO ,,, D
It's 80% there … I love it and we are pushing him hard, busy little sole … thanks for asking Jess …
D
And all those Perth people were warned that booms never last … also medium price too high now and ROI shot out the doors …
D
What you been smokin girl ???
D
