Every time we turn on the news it just seems to get worse … so where is the hope today for the majority verses the minority??
On this site people respond based on their own beliefs and life experiences, some people respond with their opinions but fail to understand what is really going on in our society.
The big question is what will happen IF Australia goes into recession, New Zealand just did and it's our neighbor, or are we in a recession and we don't want to admit it.
Quality property portfolios will hold up through this period such as the North Shore in Sydney, and the closer to a train station and shopping center or public transport you are the safer you are, Kirribilly, Wollstonecraft, Crows Nest, St Leonard's, Gordon, Turramurra, Warrawee etc are all good bets.
The same applies for each state in Australia.
The biggest problems are in our outer suburbs and if you don't believe me go knock on some doors. In addition to that there will be the rising unemployment rate which is about to happen, even your local coffee parlor is watching their spending which will cause a roll on effect.
Properties in SEQ in Coomera that were sold by marketing companies 2 years ago for $420,000 are being re-sold for $385,000 which is nearer to the "true value" and even this value is predicted by local agents to drop to $350,000.00.
Growth, transport, train station, shopping center, schools, should all be with in 500 meters from your investment property to have a higher desirability for tenants but more importantly to "hold value" in recessions or hard times.
So if Australia goes into recession what will happen to the "true value" of property further out from each CBD area.
D
The hope today comes when people admit to the truth, heed the roar of the distant drums.
The hope today comes from making massive and immediate changes "Tony Robbins"
The future hope comes from makes changes to our belief system today to live a better life tomorrow, like cutting up your credit cards and learning to live on less – read some stories of how people became millionaires, they didn't get there by going to Harvey Norman and getting a $50,000.00 4 year interest free home makers account only to find out they can't pay for it in 4 years and refinance at 20% interest rates.
We all need a wake up and a recession tells the truth of how good we are at managing MONEY – people struggling today are BAD MONEY managers or BAD decision makers.
The hope is also having a team of support like a financial adviser, accountant, license buyers agent, to check every investment and minimise it's risk.
As to the IMF are they willing to sign off their advise and pay you if they are wrong, I doubt it – opinions are like belly buttons, we all have one.
D
Hi Don,
Thats easy because you and I like so many other people here are in the business and derive an income from finance, real estate sales, construction, renovation or coaching so we need to keep pepping up or future clients.
The secret is not the BAD news or the GOOD news … what people need to hear is the TRUTH.
Making money in real estate is not hard … buy a knock down house with in 500 meters from a train station on the north shore in Sydney (or similar in other CBDs) then build a project home "Clarendon Home" 40 squares on in and walk out with a 400k profit in under 18 months start to finish … really it's not rocket science.
Don't buy from real estate from any person who is not FULLY licensed and before you get the figures checked by an accountant or financial adviser.
If you are buying properties in outer suburbs locations ensure you or the tenant can WALK to shops, schools, train, bus etc
Get a Really Good finance broker or bank behind you.
Start small THINK BIG …
Don't deal in s..t
Location Location Location.
Listen to all but trust only your self.
D
"Thats easy because you and I like so many other people here are in the business and derive an income from finance, real estate sales, construction, renovation or coaching so we need to keep pepping up or future clients."
Yeah, but I don't reckon anyone will invest in anything because of what anyone posts in here.
People think about investing last. That's why I reckon as money gets cheaper people will simply spend it not invest it.
And now starts the new industry – not how we can make you money but how we can "save you" and "survive the crisis" spruikers.
We are heading towards a huge recession perhaps even a depression, And it looks as if kevin rudd is going to do everything in his power to make this ecconomic storm do as much damage as possible, To push for his real agenda, An Asian union followed by world government ruled by the social elite.
If our all wise and loving government really cared about us like they so whole heartling claim, They would be taking huge steps to make the foundation of our monetary system sound, and yes it would be possible to fix our ecconomic system from comming collapse.
1: Limit bank and non bank lending organisations from using higher then 10:1 leverage ratios, financial institutions should be made by law to report quarterly on how leveraged they are, If at any time they go over the 10:1 ratio they have a limited time to comply with the leverage standards before prosecution
2: If we truley lived in a capitalist society then why are interest rates artificially controlled by the people who own the central bank of australia ? Can't anyone see this is a conflict of interest and fraudulent ? Thereby I also say that the RBA should be nationalised and owned by the commonwealth of Australia, Only Australians should profit of central bank earning, Not elitists.
3: Make our currency real, If our dollar was backed by real money (Gold or Silver) then our ecconomy would be in much better shape and fair much stronger in the international market
4: Outlaw budget deficits, Our budget deficit is expected to be 30% of GDP come 2040, Why should a country spend more then it makes and impose unnecessary taxes on the people to pay for interest, The idea of borrowing is insane and not benificial to the people in anyway.
"coordinated international response, coordinated international response" "The world needs to come together" All of a sudden this is being pushed in all the news, This setup crisis is being used to psychologicaly push for world financial control by a central power, The world bank, IMF will be the powerheads of the world having more power then our local governments, This is the first major step towards the new world order that all the major leaders talk about.
The biggest fraud in the histroy of the world is being commited before your eyes, And the general public is none the wiser.
This is only the early days of ecconomic turmoil, The stock market has a long way to fall yet.
http://www.theaustralian.news.com.au/story/0,25197,23812768-601,00.html
http://www.usatoday.com/news/washington/2008-10-07-imf-crisis_N.htm
http://www.fight4truth.com/thenewworldorder.htm
http://au.youtube.com/watch?v=zxmHSgERce0hbbehrendorff wrote:We are heading towards a huge recession perhaps even a depression, And it looks as if kevin rudd is going to do everything in his power to make this ecconomic storm do as much damage as possible, To push for his real agenda, An Asian union followed by world government ruled by the social elite.If our all wise and loving government really cared about us like they so whole heartling claim, They would be taking huge steps to make the foundation of our monetary system sound, and yes it would be possible to fix our ecconomic system from comming collapse.
1: Limit bank and non bank lending organisations from using higher then 10:1 leverage ratios, financial institutions should be made by law to report quarterly on how leveraged they are, If at any time they go over the 10:1 ratio they have a limited time to comply with the leverage standards before prosecution
2: If we truley lived in a capitalist society then why are interest rates artificially controlled by the people who own the central bank of australia ? Can't anyone see this is a conflict of interest and fraudulent ? Thereby I also say that the RBA should be nationalised and owned by the commonwealth of Australia, Only Australians should profit of central bank earning, Not elitists.
3: Make our currency real, If our dollar was backed by real money (Gold or Silver) then our ecconomy would be in much better shape and fair much stronger in the international market
4: Outlaw budget deficits, Our budget deficit is expected to be 30% of GDP come 2040, Why should a country spend more then it makes and impose unnecessary taxes on the people to pay for interest, The idea of borrowing is insane and not benificial to the people in anyway.
thats it, make currencies less liquidable!!
The US is already half way through it's recession which is forcast to last 16 months or a bit longer.
Back in January their recession was not news as we were more worried about the price of a tank of petrol and that whale over in pittwater.
Boy is it news now.
We have turned the corner into a low interest rate low growth environment.
Finance will be harder to get for non complying loans but banks are in the business of lending money. That is their core business. That is what they do. They loan money to people.
https://www.propertyinvesting.com/forums/property-investing/general-property/4324163?#comment-179801
As I have said before, I have no doubt that banking cartels have been working hard to control the fates of whole nations with chains of debt – look at the world bank's track record for instance, 45% of its customers have profitted and the other 55% are far worse off and majorly indebted. Work out the net profit.
An orgainsed and plotted conspiracy would mean that these cartels have 2 things that I find very unlikely.
1) A shared vision of global domination.
2) A long, strong history of working together to achieve their goals.Even Zietgiest 2 backflips on its first part and suggests that it is the nature of human greed that inspires the shadowy figures and not the shadowy figures that dictate the way we all behave. As a race, we place too much value on the wrong institutions. Each one of us is personally responsible for letting the rich elite have any kind of control over our lives. We give into selfish disires and others use our desires. We always have the choice to be different, we just fall for what advertising sells us. It's no ancient conspiracy, it's just our pathetic weaknessess.
If we bothered to mature mentally as a species, consumerism and capitalism would be long forgotten ideals. We are just too stupid to realize that our destiny is in our hands. It is our own desires we have to fight, not some NWO.
The monatary system is collapsing without any kind of revolution from us. It was always unsustainable. It is what we do with the fresh start that will determine where we go from there, it isn't pre-decided for us. If we want KRudd to adopt full socialism, as a nation we will not oppose it's inception (the majority that is). If we don't we will oppose it. Fingers crossed, that after the intensity of this crash bites, the majority of us will forget our greed and look towards more socially empowerring leadership. If we don't want the Asian union, Krudd wont enforce it – he is not a biggoted, capitalistic racist like Howard was.
Make no mistake, though, this time is more than a mere recession;
http://www.news.com.au/business/story/0,27753,24476398-462,00.html
hbbehrendorff wrote:3: Make our currency real, If our dollar was backed by real money (Gold or Silver) then our ecconomy would be in much better shape and fair much stronger in the international marketErmm….. Yes this was the case 100 years ago. Tell me though, where would we dig this gold up from per se? There simply isn't enough gold in the world for this to happen. Besides which, you expect the country to hold in storage enough gold to purchase back the entire value of our currency????????????
Great investment that. Mayby if we payed 50% taxes for 100 years we could afford to buy enough gold to do so.
Perhaps you should also learn to spell before you run for president of the new anarchist world order.
PS. The idea of (manageable) borrowing is also perfectly sound. These borrowings can be used to invest into elements which yield greater returns than the interest payed servicing the debt.
Yes and the other interesting thing I was thinking about over the weekend while watching and listening to all the news from around the world is this …
We have been trusting CEOs and other high paying executives who are running public listed companies earning MILLIONS of dollars a year playing with OUR money and superannuation funds money.
MOST of these people are academics that could not run their own business, and thats the truth !!
There is a club of these thieves stealing OUR money and they should be in jail.
There should be a salary cap applied to these people.
Bring back Kerry Packer to run the country … People like Sir Frank Lowery, Gerry Harvey, know how to make profits because THEY are business builders and business owners … politicians should be made to run a business before they are trusted with SPENDING OUR MONEY …
And when it all goes wrong WHO PAYS … yest the TAX payer !! … go figure.
D
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