Recent content by greedy saffa

Believe everything you read? Sconti you hit the nail on the head. Property meister - with all the indecision we're hearing, you;re sounding more like "mice" than "meister". You're doing a straw poll on this site without doing any of your own due diligence.Are you waiting for enough...

Sorry - was mucking around re-reading this so just re-posted it. (I think I am going to have to get involved in Victorian Liberal politics - and kick out the chief tosser and his impotent bag of sheep. We have got to start changing things!!!) KR & Co. are dreaming if they believe that...

Thanks Boomtown - I nearly wet myself when I read your last post!

Minx - I have to agree. KR & Co. are dreaming if they believe that their doubling of the first home owners grant is going to help first home buyers. If anything, the grant increase will just be built into the selling price of homes that are in the FHB bracket. If KR & Co had any sense...

James - sounds like you're on to a winner Just make sure the mine is not contaminating your water supply or something damaging like that. It would be useful to know what they are mining and what the particular commodity forecast looks like (medium term)

So the idea is to kickstart the "global economy" (oh God not another of those tiresome cliches) by getting Australians to spend Asian savings. It used to be the Americans spending Asian savings (post 9/11 when the flood of cheap Asian credit hit the USA) - is KR and co. taking our heads to the...

REIV delays to announcements REIV, the Victorian regulator (i.e. read Marketing and PR Agency for all the good they ever do) generally publish the week's auction results - clearance rates, median prices, etc on the Sunday following the Saturday auctions. It is now Tuesday - where are the...

Waverly Bay - You can only buy what you can afford. If you don't have the cash or the ability to get a mortgage - how will you make the most leveraged investment of your life? I also question a run into property seeing as the median Australian property is 7.5 times the median...

Letiha - let me be clear on this. I don't get a kick out of people losing money. I do, however we live in a society where people, instead of behaving responsibly and investing with diligence, have made irresponsible decisions with damaging consequences. We live in a society that is...

Jingo - I'm in Melbourne and sadly admit to investing in the territory I'm most acquainted with. I've always been a fan of the niche market south of Sandringham - Mentone, Beaumaris, Black Rock, Parkdale, etc. Prices soared out of control in 3 out of those 4 suburbs in the past 12 months...

Bill I am suggesting that margin calls typically force investors to refinance or liquidate other assets. There are not to many assets large enough to swallow a margin call besides - cars, investment properties, holiday homes, etc - depending on the size of the call obviously. My only...

Anyone still think a recession unlikely in Australia? Anyone recall me saying earlier that the concept of being "decoupled from the global economy" is only Wayne Swan's rhetoric? My simplified version so Swanny can get the message (if I were Keating I would demonstrating this as bottles of...

so boys and girls. What's the outlook - 20% / 30% decline through forced sales when all those margin calls come home to roost? where are we going to grab us some bargains - us greedy cashed up looters? [Edit: posts split from this thread]

c'mon guys, you;re smarter than this surely? The price of oil is in every product you buy - from vegetables to plasma screens. It doesn't matter whether you use public transport or not (and for those that do, buses run on diesel the last time I looked), the fact is you will pay for higher...

Petrol prices at $2.00 before the end of the year. That is a 50% increase on the start of the year - unprecedented in our lifetimes. As a key driver of inflation, it is only going to get harder for everyone who is already mortgaged up. Every cost in your budget is going to steadily...