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  1. M

    18% interest days

    Well done Ross! I think this post should be moved to the general discussion forum but I don't know how to do it :o I agree with your summation of whence we come and go. Another story. I had a partner in the 80's who did the foreign currency loan thing at the urging of one of the majors...
  2. M

    18% interest days

    Hi, I think things are flat not because of economic fundamentals but because most are taking a breather after the last 4 years of growth. A kind of 'let's wait and see what pans out' type of thing. The press are talking up a property bust (which isn't happening yet, much to their...
  3. M

    18% interest days

    Hi Ross, I'll swap you brown rice recepies for those baked beans ones:D Macca, your crystal ball is as good as mine! The first boom I got lucky and after it was over asked what happened? The second boom I was almost ready, thought I had it figured out, almost lost my shirt but came out...
  4. M

    18% interest days

    Hi Monty, I was there! 18% interest with gross rental returns of 10 - 11% and I was on variable. Not unlike people buying in Sydney today at 6% interest with returns at 3.5%, hhhmmmmm. Servicability was and is an issue, the major difference was the that property prices were chasing...
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