Recent content by MrCrumbpacker

I think you just boggled my mind! Never considered debt to be part of my 'riches', I suppose reducing it makes me less poor.

Inflation hit 15% per annum here in the 1970s largely because of the OPEC crisis and crap Government, didn't really get below 5% till the 1990s when the central bank made it an issue. Spent a lot of time around the 8% mark.

Here we go, found this; http://www.statista.com/statistics/271845/inflation-rate-in-australia/

Yeah, hopefully never again, but it can and does get out of hand. The last ten years here compounds to about 35%. http://www.onthehouse.com.au/sold/history/173423/ About right according to this.

Property doubles every 10 years! never quite know what we are saying here, real terms? or nominal terms? When inflation is running at 15% per annum (or 27% UK 1970s) then of course prices go up. Doesn't mean to say you get any richer though. And with various political interests...

I realise that you can lose money on property sometimes, but what on earth happened here? http://www.realestate.com.au/blog/hewitt-scores-loss-with-sale/ Eleven years! And a capital loss of 700k. Think what 3.2 million would be worth now if he had stuck in the money markets for an...

Actually bungalows are usually considered suitable for the 'infirm', or 'Pikies'( a caravan with the wheels knocked off) Manors, Mansions and proper homes always have an 'upstairs' and a 'downstairs', and often garretts or attic rooms for the domestic staff (au pair)...

Some of the wisest words re general property investing I have read on this site Michael. It is also worth remembering the costs of owning property, I was always advised to factor in 1.5% maintenance costs, then there are your rates and taxes, plus of course your "round trip costs", the cost...

http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10698631/The-Welsh-dairy-farmers-who-bought-320-buy-to-let-properties-in-Sweden.html Different perspective, interesting yields, not reliant on capital gains but not subject to the ups and downs of our market. ?At...

Good God, we do all like to talk our book here. Sure there will always be winners and losers in property, plenty both sides of the fence in my area over the last few years, but it is a bit facile touting individual cases as if it is somehow of any relevance. What is the truth? Well 10% up for...

Yeah, but no but yeah but!......

I know plenty who have made and lost big in property, had a development Co in the UK, London during the 80s and 90s, saw a few who were wiped out in spectacular fashion, also knew a few similar stories from the 70s. Anyone who thinks property can't make you poor as well as rich is a fool, or...

True, but on the other hand Australian household debt is the highest in the world.

Keep up the dispassionate reporting BayView, we need the type of quality comment from you to counteract some of the vested cheerleading. You seem to have a good handle on things in your neck of the woods.

Futures and options on the futures markets gives you plenty of opportunity to leverage up with regards to gold, and is how a few traders have been making obscene amounts of money, even shorting the pullbacks, but you do need balls. If you can short a market, and get in and out quickly, you...