Forum Replies Created
A new slant I read on the weekend to this is NEGATIVE EQUITY.
Consider a person/couple purchasing a property in the last few years with a 90% plus loan and now the property has devalued by 15% plus, can this happen, yes!, keep an eye out in the news.[confused2]
Lets face it – Australians are greedy and want to look good – when we get our licience we want to get a flash car and show off to our mates and pick up chicks – we spend all we get and are not taught how to save – we over extend ourselves in all we do, houses, stereos, clothes etc
Think i’m lying read the facts, per head of population we are one of the most debt ridden society in the world, am i aussie yes and i can’t believe how many suckers are out there.
How to get rich
Learn to live on one credit card max $5k limit
Buy assets not liabalities
Don’t lease cars own a cheap one and park it around the corner
If you can’t pay cash for it you can’t afford it
Don’t sign any interest free accounts
Take a bus meet the real people
Learn the difference between want it and need it
[baaa]
Who let the material out, did the marketing company produce it with out permission, what is the name of the company you are refering to.
My opinion
Seminars are dead – find another way.
[jerry]
Lets look at some more very basic facts I work on dailey to keep my reality in check.
Australia has a 26.4 billion dollar credit card problem
86% of people who purchase a 3yr interest free store account REFINANCE and pay 35% plus interest after that.
5 million people were born in Aussie between 1946 – 1965 (baby boomers) if you add 65 + 1946 = 2011 which is when 5 million people begin to retire that folks is 25% of Australias population.
I believe the real money in property will come from plus 55 developments and low style cheap accomadation even caravan park style living.
You have two choices – work now play later – play now work later !![bonjour]
Thanks Jeff, I just had lunch with a friend of mine who runs a National (aussie) mortgage training course and he informs me that the whole country is slowing down.
My question on this site has always been the same question which nobody has answered.
HOW MUCH POSITIVE IS POSITIVE IN DOLLAR TERMS ????
Can some one tell me what positive gearing is and are you reducing debt to value ratio?Sounds like this daughter does not have a problem today she and her partner have been like this for years. Before you can help them they must help themselves, I’m sorry but I have friends in great hard ship and they are getting out of it by shere hard work and many part time jobs …
The worst thing you can give to poverty is money the greatest thing to give to poverty is education … you family has it (education) you can teach the TEACHER the question is though IS THE TEACHER WILLING TO LEARN???[grad]
The last crash we had in this country was 1930 and since then we have had some challenging periods of adjustment.
I don’t know how many people on this forum actually own property and have had many real life experiences, own business, married, retrenched …, or how old were you in 1990 (14 years ago) why 1990 well I remember paying 19.33% interest and the property market was dead for over 5 years as for pos cash flow country properties shit i9t was the last thing on peoples minds.
Will we have a crash, in my opinion NO, adjustment Yes, the crashes will come from stupid mistakes and no research. Like buying a property from a marketing company, being sucked in at a seminar or thryng to start too high up the ladder when you begin.
A true investor is prepared for these times eg; if you lost your job and the interest rates rose to 10% next month could you afford it.
I have seen some really smick fibro renovations, what about the block size (land value) i like to rip out all the old shrubs and trees and replant, in the old days people werent too particular where and what they planted, definately reclad or paint with bright young colours (lemons and blues)[suave]
Inala is a problem area.
Logan is going to go big very shortly, some big players are buying in there, Australand, Gerry Harvey, Stockslands and me.
Ipswitch can get as hot as hell but it has a population of 140,000 so it can sustain itself as is to Brisbane what Newcastle is to Sydney.
The 3 highest performing areas are Coomera, Pimpama and Ormeau … my suggestion is to stick around those three … Southport is also an expected boom area and also Coolangata airport area … good luck[cap]
Thanks Pelican for your comments … true … firstly i’m no sheep.
I love it when the chicken littles get scared because that is the best time to swoop in, yes there are plenty of opportunities out there even more now and that is my point … when theres gloom money will boom.
The Sydney investor market is very shakey however the first home buyer will reap some great benefits over the next six months before the builders put their prices up in that sector to cover losses in other areas.
The rumer is that the land tax is going to hit other states other than Sydney over the next 12mts its going to be very interesting.
I’m happy because I have just sold three waterfront reserve lots next to Laguna Quays in the Whitsundays (Midge point) and am going to focus more on commersial investing and renovating
Forgive me but what planet did you come from??
Is the question how often or how much can you afford, if you are positive and this is what this site is all about who cares??????????
Stop feeling sorry 4 yourself.
For every problem is a solution.
How bad do you want to succeed.
Our decisions not conditions will determine our financial destiny.
If your positive cashflow is opaying down debt whats the problem?
Interesting comments but back on the point at hand – the market has changed so are you brave eneough to to enter and where is your best bet … ?
If you did a survey what do you think the result would be, I think more tham 80% would be in favour of a bath.
Please see an experienced financial advisor to produce a personal strategy for you, most decent advisors will give you free advise for the first consultation.
Without being a smart a..e, cut your credit cards up bar one and start a savings plan, yes its hard but welcome to life … good luck
Is it better to own 50% of something or 100% of something else worth 50% of what the value you were going into partnership for? with the smae benefits to you personally?
Offshore investing I really don’t know why you want to do it – nobody has told me yet how much positive are you looking for???
