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  1. Amadio

    Glenn Stephen's comments this week

    But, but .... You make it sound as if he did well during the GFC but he didn't. Mr Amadio has a lot of his retirement savings in BRK-B. It went nowhere for years, then did a speccie runner upwards, then collapsed dramatically in the GFC along with most managed funds. It's only recently...
  2. Amadio

    Glenn Stephen's comments this week

    There is only one surefire, absolute 100%, infallible way of knowing which way the real estate market in general is headed. If my father decides that it's a good time to buy, sell up and run for the hills. He's legendary for getting it wrong. My brother in law (BIL) waits for the...
  3. Amadio

    Glenn Stephen's comments this week

    Agree. It's only recently that I've come to the same conclusion, and it was when my own children started thinking about buying property. Here's an olden days reflection: In 1978 I had an annual gross income of $10,000. There was a 2 BR house in North Adelaide on Mackinnon Pde...
  4. Amadio

    Glenn Stephen's comments this week

    This is just an opinion from someone who first bought a house in 1979. It doesn't matter what happens, whether interest rates go up, housing prices skyrocket, house prices crash. Trying to time the market is an exercise in frustration and if this is your first purchase then you are probably...
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