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  1. Bill.L

    People still investing in Australian residential property are just plain dumb

    Hi all, Brains, Maybe I am crazy :eek: But when I look at history of house prices I see that the end of the booms were at the high point of the interest rate rises, or at the end of the credit squeezes. Of course the data lags what really happens, but if interest rates continue to rise for...
  2. Bill.L

    People still investing in Australian residential property are just plain dumb

    Hi all, LB, I think you will find that if you went to repurchase a similar unit to the one you sold, it may be at a cheaper price. However after you take into account CGT, selling costs, time looking for new unit and DD costs, stamp duty, new loan costs etc, then you will be very much behind...
  3. Bill.L

    People still investing in Australian residential property are just plain dumb

    Hi all, Here we go again!! LB, you still dont get the point on property, do you. It is a different type of investment to shares. Shares are pieces of paper, giving you a part ownership in an entity. These entities can be created out of thin air and nobody NEEDS to own or possess them...
  4. Bill.L

    People still investing in Australian residential property are just plain dumb

    Hi all, Brains, Your statement on your the prospective purchase says it all. The active investors on this forum have been doing the same over the last few months,buying under value/adding value. That is why some of us have continued to be bullish on property despite the negative vibes...
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