Recent content by joe jo jo

thanks, it is a gen question, so will message you. Was not trying to start any arguments. Might have to be after work when I have time to quiz ya. Cheers.

so as a genuine question - where should I move my unsophisticated money

yep, bullish, still not the most bullish Ive ever read though, but you have to look at who wrote it and the publication etc, as with all the articles and podcasts I read a listen to from both perspectives (they all have something to gain from their perspective). Would be good to have direct...

Hello, not backing up this link - he has his own objectives of course but it is from the perspective of someone from the region in question. http://www.yourinvestmentpropertymag.com.au/article/what-lies-ahead-for-the-australian-residential-property-market-119866.aspx The comments below...

Bang on with that assessment. There might be a slight bit of variance in the ratio's, but in short this is whats important. The larger the average mortgage by comparison to incomes, the greater that 1% increase will impact spending.

average loan size in Aust approx $350,000 (most likely higher by now), this means p&i repayments at 15% would be $4,426 pm. At what point do we think spending will slow if the net average income of a person earning $60k PA is approx $3,937 prior to feeding their belly. I know there are other...

do yourself a favour and get a fixed priced building contract. Every single owner builder I have come accross, underestimate all costs and hence end up in the youknowwhat when they dont have funds to complete the job (and of course they blame it on the lender).

It is I think. Just remember people saying, if Shadow is wrong he will be mocked for eternity and if he is right well he'll be hailed as a god (or something along those lines) and pretty much the same thing for Keen. I know a lot of people would have an opinion on this, or would prefer to...

Been a while since I posted anything (read from time to time), but now things have died down a bit on what seemed to be everlasting debate on crash vs boom. I have to ask the question to SS users: does Shadow now reign supreme as the debate king after all this current growth, or do we need to...

my 2 cents. With the talk of construction led oversupply (i.e. like USA). I think we may have missed this by dumb luck. The oversupply was largly contributed by very lax lending and government intervention (in the US) from what I can tell. I think that through dumb luck we missed the...

I know somone's going to slap me for saying this, but I wonder what Mr Keen's predictions are for rates now ? might have to look at his blog again.

havent read all, but as mentioned in previous post, it should only go as high as it needs to. The interest rate is relative to the income / loan ratio What is the logical reasons for interest rates to go up and down ? that is all you need to ask. People say that RBA dont control the...

Hi Tone, my pick is Queensland Buyers Advantage (QBE). Roy has been the best I have used in Australia (and I buy everywhere).

Margin Calls whether it would be done or not is up to much debate. What is not up to debate is the undeniable fact that a margin call will cut the banks own throat, leading to more negative equity (another self fulfilling action). It has been proven in the commercial sector.

Sorry, dont want to offend anyone with properties in these areas, but my general opinion is: - low socio economic status - higher debt leverage -lower density spread -ability to build and build newer properties right next door -nothing unique about the area whatsoever. The long term...