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  1. M

    Maxed Out

    And here is an example of the reckless pieces of advice I have seen on the forum : and the reply : Noted that the above is an old post.......however, how on earth can someone sit here and give this sort of advice so easily....... Would you obtain medical advice from a stranger on a...
  2. M

    Maxed Out

    I am here to give the other side of the story. There are a lot of things that I do not agree with on this forum, and I notice that there are a lot of new users who come here asking for advice that FEW are actually qualified to give. When I hear advice about putting 20% down and relying on...
  3. M

    Maxed Out

    Geoff....no that is not the case. My role in this forum is to provide the 'other side of the story'. I think that one line answers to my questions/posts, that are nothing more than snide remarks.......deserve the same sort of response.
  4. M

    Maxed Out

    What exactly is this source of education ? Somersoft books ?
  5. M

    Homeowners feeling rate pain

    Safe as houses GRAHAM DAVIS: Moving day in the suburbs and yet another family takes possession of its most precious asset, courtesy of the banks. It's the Australian dream, isn't it, what you've got here? MEHTAP KILNIC: Definitely. GRAHAM DAVIS: Swimming pool, big block. Is it a...
  6. M

    Homeowners feeling rate pain

    Inflation for the property investor is neither hot or cold......as I have said in the past property generally increases with the rate of inflation + some. However you have to take note that property these passed few years has doubled......it has escaped the rate of inflation. So it is only...
  7. M

    Homeowners feeling rate pain

    \ Some yes, some no...... However people hear what they want to hear, and believe what makes them sleep well at night. Doesn't mean it is true though.
  8. M

    Homeowners feeling rate pain

    Australian economy is still signalling an impending recession Gerard Jackson BrookesNews.Com Monday 15 May 2006 The Treasurer Peter Costello believes that the economy is still on course and a recession is far beyond the horizon � or at least beyond the next federal election. It is no...
  9. M

    Homeowners feeling rate pain

    There is absolutley NO WAY you are gonna see 7% growth anywhere in Australia in the next 5 years. My sources are numerous, but more so from overseas and some commentators in Oz. And especially one real estate agent we have been with for years who has over 30 years experience. The only way...
  10. M

    Homeowners feeling rate pain

    Well you may think what you want, but there is a saying in the 'old country', which is a little difficult to translate, but it goes on the lines of 'A smart bird, can be caught from it's beak'. But as Socrates would have said in this sort of situation 'The only thing I know, is that I...
  11. M

    George Soros tells it like it is....

    As I have said numerous times Lizzie.......if America sneezes Australia catches a cold. Real estate is not as local as you think....Australia and the US have both seen a real estate boom (the biggest in recorded history)......what is happening in America now, will happen in Australia as well...
  12. M

    Another obe bites the dust....Shame on them

    and in come the waves.........
  13. M

    Homeowners feeling rate pain

    Is this supposed to be an intelligent comment. You guy's can mix and match what I have said, to satisfy your ego's and the myth's you have built up in your minds.........but the fact is we are currently just starting the deflating of the housing bubble (see America), and the gains you have...
  14. M

    Homeowners feeling rate pain

    I have already answers these questions, but anyway. These people will live in houses. However don't expect rents to rise all that much and here is why.......money supply.....there won't be the same amount of money in the market, so even though demand for rental property will rise, the...
  15. M

    Homeowners feeling rate pain

    That's called sarcasm BB........
  16. M

    Homeowners feeling rate pain

    A 4% yield will leave a big hole in your pocket at the end of the year. As I have said in another post of mine. If you cannot pay off your investment with 120-140 monthly rental payments, then it wasn't worth the hassle. An IP should take you NO MORE than 12-13 to pay off itself. If...
  17. M

    Homeowners feeling rate pain

    You cannot compare Melbourne to London. London is the center of finance in Europe....and Melbourne is ?????? Don't forget that London has had a lot of Russian money come into it. All the Russian oligarchs have payed astronomical amounts for London houses....which has an effect in the grteater...
  18. M

    Homeowners feeling rate pain

    Yes of course yields would be better if we were to see a major drop in prices. I don't think rents will decrease that much, mainly because they haven't really increased that much since 2001 (basically in step with cpi). However I can see a slight decrease happening in rents.....but nothing...
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