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  1. M

    NZ Cuts Interest Rates. Ours Will Follow Within 12 months

    I'm being overly cautious. I reckon talk of rate cuts will happen as early as August/Sept. Ceteris Paribus.
  2. M

    Media, how are we suppose to get any idea?

    The daily feed of misleading news does not help. I can't blame you. I see you are in Perth and it is one city where low-status bargains are starting to emerge. For barely $250,000 you can get a rentable old house on a development sized block in places like Kenwick, Kwinana, Parmelia...
  3. M

    Media, how are we suppose to get any idea?

    Let's not overcomplicate things with talk of volume etc. You don't need a PhD or even a high school knowledge of calculus to buy cheaply - its just common sense. If you look hard enough you will find something that is so discounted it hits you in the face, particularly in the cheapest decile...
  4. M

    buying land in the US

    I've bought a place in a prestigious LA suburb. Was offered 20% more, in cash, on the courthouse steps after my bid was accepted. But you are not likely to believe it. Indifference, if you saw a $100 bill on the ground, random walkers like you would deny it......"oh no, if that $100 bill was...
  5. M

    Consumer Sentiment Weak - Interest Rates Likely to Fall

    I will go further and say that a rate cut will happen this year, as early as Aug-Sept. Why? Because the economy is hitting some seriously rough spots that even the resource boom cannot overcome: 1. Overseas student market (a huge export of sorts) drastically down. 2. Overseas tourism has...
  6. M

    Melbourne Hot Spots - Outer Melbourne

    It's all subjective. I wish all investors all the very best. I'm happiest to learn from people who earn more in property than I do. There's never any schadenfreude on my part.
  7. M

    NZ Cuts Interest Rates. Ours Will Follow Within 12 months

    I will go further and say that a rate cut will happen this year, as early as Aug-Sept. Why? Because the economy is hitting some seriously rough spots that even the resource boom cannot overcome: 1. Overseas student market (a huge export of sorts) drastically down. 2. Overseas tourism has...
  8. M

    Consumer Sentiment Weak - Interest Rates Likely to Fall

    http://www.bloomberg.com/news/2011-03-08/australia-consumer-confidence-fell-to-nine-month-low-in-march.html An interesting article. With Australian Consumer Sentiment at a 9 month low and the soaring Australian dollar making our exports increasingly uncompetitive, it is more than likely...
  9. M

    Media, how are we suppose to get any idea?

    Too many doomsayers out there. Provided YOU do your homework and never pay too much for a house, it is hard to go wrong. If you are in Melbourne and are buying a house (not a unit) for, say, $300,000 - $350,000, its hard to see you losing money on a deal like that over the next few years...
  10. M

    Melbourne Hot Spots - Outer Melbourne

    For me a good suburb is one that will give me good capital gain. I don't usually live where I buy. I'm aware of the crime and the stigma. Owning a house in Frankston is not something one can boast about. Nevertheless, Frankston appeals to me because it is one of Australia's cheapest...
  11. M

    Cheapest Paving Option....

    Watch gumtree regularly. There will be more freebies within a few days
  12. M

    RBA Chief Unworried About House Prices: No bubble= Lower Interest Rates

    The smart contrarians got in back in 2000, when Mandela used his connections to secure an EU moratorium on central bank selling of gold. I'd love to see gold back to those levels......alas it won't be happening anytime soon. The madness is set to continue for a few months yet.
  13. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    There is some merit in what you say. It's worth a punt if one has a few spare bucks and an understanding of how the lithium market works. That said, I don't think mums and dads should be selling their IPs to do it, as some of the more vocal commodity bulls would no doubt want us to believe.
  14. M

    Media, how are we suppose to get any idea?

    It is unwise to paint all Australian property with the same negative brush, as many people seek to do. I spend a fair amount of time in Japan and, respectfully, I disagree with what you say. Barely two decades ago, Japan was a huge property bubble. The market has since deflated, as happens to...
  15. M

    NZ Cuts Interest Rates. Ours Will Follow Within 12 months

    What I meant to say is that the cheapest 10% of all landed property sales will see greater capital gains than most people would expect. There is safety in buying well located cheapies (preferably not units or apartments) in major cities. That's just my opinion. No doubt the doomsayers will...
  16. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    My "attacks" (as you would no doubt call them) are not directed against SSers. Rather they are meant to provide some balance to the constant negativity that is so often seen on this forum in recent times - most of it originating from a few malcontents who seem convinced that the world is about...
  17. M

    Media, how are we suppose to get any idea?

    You imply that an orderly decline is set to occur. You also say, more directly, that falls and flat-lining will take place over 5 years. But wait a bit. Australia is a huge place, with many cities and towns. Surely some micro-markets will do better than others? The only way the entire market...
  18. M

    RBA Chief Unworried About House Prices: No bubble= Lower Interest Rates

    You are quoting me selectively. Tax advantages are just one of many reasons why mum and dad investors buy property. We both know it. Kindly stop trolling. It's only the d&g types and the let's-buy-bullion brigade that accuse me of verbal assaults. Mainly because they don't like what I say...
  19. M

    Gold & Silver - Biggest Commodity Bubbles Of Our Time

    Economic history is far more interesting than Economics itself. The world has seen bigger currency expansions in the past, if only people would care to look back far enough. Consider the two World Wars. These were seriously cataclysmic events. Money was printed freely and dodgy bonds issued...
  20. M

    RBA Chief Unworried About House Prices: No bubble= Lower Interest Rates

    Like most bullion speculators, you have a trading mindset. Nothing wrong with that. But most mum and dad investors are into buying and holding property, not flipping it as speculative people like you are apt to do. They also get tax advantages for owning property. What are the tax advantages...
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