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Thanks for that BC!

BC, based on this, would it be any advantage to go Owner Builder, and subby out all the work and manage the project yourself? (I am considering this for our next PPoR build at the end of next year).

I am being very be pleasant of you for good grammar will be to used.

That's why it is always a good practice to work on debt reduction - all debt; starting with the non-tax deductible debt first. Especially in the up-coming forecast slowdown. Banks will be more inclined to lend to people with strong financial positions, good serviceability and low LVR's...

I was being facetious Ken. My point was the same as your no.2. The only people making money from wars are the suppliers of the toys; people like Haliburton that George and Dick and god knows how many other of their mates are linked with. The saving from the billion per month is if they...

Correct. There's a lot of profit in war, sadly. But there would still be plenty of countries at war that would buy the weapons if the US wasn't active in any war (don't hold your breath for that). Still; imagine how many more schools, hospitals etc they could build and staff with a...

I agree; retail for December was disatrous, the housing market is down, and tipped to be that way for at least another year, and the unemployment from this hasn't been fully addressed yet; must get worse as the building and finance industries continue to cut jobs. The Govt puts spin on this...

I get it now; sorry Buzz if you were crackin' one and I mis-interpreted. I'm nearly that old!

46. what does that have to do with anything? I read books. I read a book last year about the year leading up to the 1929 crash and the economic climate and investor mindset of the times. Can't remember the name of it now. Found it in the library. It included lots of real life stories of...

You've got an LVR of approx 77%. It's up there, but not dangerous. If you are not having cashflow probs, and have confidence that the new business will be ok, then I'd say stick with it. I like the saying from someone famous "I bit off more than I could swallow, and chewed like hell"...

All this reminds me of the lead up to the 1929 crash; massive borrowings and leverage in the wake of the never-ending boom, people were ecstatically confident and positive; then "boom". Not that I'm a "doom and gloomer"; quite the opposite, and I don't care as we have a safe LVR and good...