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^ ^ ^ What blue said. 100% :)

Nah, it's your interpretation of the math which has already been demonstated as flawed. You think? 70% OO 30% tenants has not changed much since before you were born :rolleyes:

In 1987 there was scepticism when the former Labor Prime Minister, Bob Hawke said, "by 1990 no Australian child will be living in poverty". This did not ring true (to me) when he said it........and your comment above even less so.:rolleyes:

It gives me no pleasure. Beebop, you've already been advised by many here that: 1. You don't need to borrow $350K 2. You can start small and work your way up the property ladder 3. You need to sacrifice some of your lifestyle choices to save a deposit and so on........ Others have...

Two words: Victim mentality Poor mindset Loser attitude I can't Do nothing .....................take your pick :rolleyes:

Some people see a glass half full, others see a glass half empty. If something has tended to do something in a cyclical fashion over many years in the past, then many people (including myself) believe that it will continue to do that same something (i.e. show capital growth or whatever) into...

Very true. Some time ago we were looking for a FHB. The requirements: Brand new, 2-3brm all BIR, DLUG with remote, zoned A/C, spa bath......etc. You get the idea. (and I have no issues with finding that for a FHB as a client, that's what we were paid to do. But that kind of property was his...

You may be too young to remember? but the Hawke-Keating government tried that with the consequence that investors left the market, rents went through the roof and hurt their voter base.:rolleyes: It was shortly thereafter re-instated and back-dated. On the contracry, PIs provide accommodation to...

If you're up for it, http://wwwdocs.fce.unsw.edu.au/fce/Research/ResearchMicrosites/CAER/WorkingPaperSeries/WPS0610.pdf on page 25 onwards of a 34 page document, clearly shows Sydney capital growth during the period from just prior to 1987 and for the next 18 months as having 11% to 8% CG per...

^ ^ ^ What he said. http://www.treasury.gov.au/documents/780/HTML/docshell.asp?URL=03_Housing_Market.asp

When I made the decision to start ramping up my own personal RE holdings from just a couple to lots, it was 11 years ago in 2000. Just as I got seriously underway the Twin Towers came down in Sept 2001. Now tell me at the time, that I did not seriously reconsider whether I had picked the right...

Oh, I did not say that I would trust a bank's opinion over my own at all. What I said was, that I'd trust a bank's opinion on the property market over Beebop's. If I trusted a bank's opinion over my own, I would not spend a good part of my life fighting them to get more money to buy more...

Yes....so now you have 2 scenarios right? Going back 10 years, 1. You take the stance that you have at the moment and say that house prices are overvalued, while you continue to rent, or 2. You purchased at $150K and are now sitting on $200K of equity. The decision as always is your own...

It does not matter, that what the market thinks. That's what it pays. Sure....about what? 15 years ago. You'll need to stop living in the past and get up to speed.

Reminds me of Prince George: http://www.youtube.com/watch?v=0Gul8_GLzD4

For the first time in my life I find myself speechless :eek: I don't know whether to patiently try to explain that where you get in life is only 10% 'luck' and the rest is good planning, willingness to take action etc. on the one hand. But on the other hand I am absolutely staggered that...

Exactly! I was listening to an interview in the car the other day on the radio, on my way to another purchase :) The guy was saying that research revealed, in relation to your positive or negative outlook on life: 1. It is 50% genetic. i.e.If your parents, and their's, were positive people...

Very shallow assessment Giddyup. :rolleyes: Just because a house is for sale does not mean that it is 'surplus to requirements'. The sellers will still need to either buy another somewhere or rent another somewhere.

Yes, I put it there in my signature so that people can see my bias and take what I say, or otherwise, knowing that. The market (in Sydney) has been flat since 2003 to 2008. The fact that the market now gets to show 20% returns in one year is perfectly normal behaviour - so that it reverts to...

When has the future ever been certain?:confused: Really? Perhaps if you were in South Korea at present.:rolleyes: Says who? Property can also be valued by the market at 'repalcement cost' and many other factors. Yes, agreed. What are you like at timing the market? Who'd have thought, that...