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The bottom I have seen a prediction that says the ASX will bottom out at 3500 and property values will fall 50% from its high in late 2007 for melbourne:(

Associating with criminals Hi Trendsta; I'm not to keen on where the Olympics are being held. Any government that would support that mad man Mugabe and what is happening in Zimbabwe should be strung up:eek:

Paper equities are not my cup of tea Hi top I agree with you that converting all your assets into cash is risky. In the changing times we are encountering recently I like hard assets that I can sink my teeth into such as gold bullion and property free of debt or at least debt with limited...

Unencumbered vs encumbered in a market in freefall Hi Equity, I was a bit amused by your response. Yes if we have a stable or rising property market then all things being equal the value is the same for both. But in a market where prices are falling and interest rates are rising the higher...

The soft financial depression is knocking at the door I have been saying for some time that we are entering into a world wide soft depression. The definition of a soft depression is one where people will not starve (at least not in the developed world) unlike the last "great depression"...

You ain't seen nuthin yet! If I'm correct in three years you will know about it because there will be nothing but red ink coming out at end of year financial reports involving all the banks and insurance companies world wide.There will be a severe liquidity crisis and if you are relying on a...

Japan Inc 2 also known as Uncle Sam MMMMMM Funny about that I thought that is what the Fed did with Bear Stearns had them gobbled up by JP Morgan and 30 Billion of tax payers money to shore up the junk security.... Funny similarity Hmmmm:rolleyes:

Three years and counting Hi Alex; If you remember in earlier posts I spoke of a soft depression. What does that mean? It does not mean breadlines it does mean as investors we will be severely limited with regards to borrowing and as a result we will see the economy contract. How long? My...

Fairy tales meets reality George Soros feels we are facing the worst financial crisis since the great depression. Some investors in Oz believe that Alice will defeat the wicked witch of the west and we will all emerg unscathed. If you read the Sydney morning herald on 31.03.2008...

Property in Oz is over valued Another reality check for the SS forum http://news.ninemsn.com.au/article.aspx?id=64438 To be balanced The IMF does not have a great track record in as far as advice. They were a disaster during the Asian crisis and that is why Malaysia thumbed their nose at...

Faries at the bottom of the garden!!! It seems many posters at somersoft think that the world financial meltdown is all hype. As someone who has been gung ho on real estate for 16 years and often borrowed 120% +++ using my existing equity I would not gear a brass razoo with what is unfolding...

The tax payer is stitched up again According to the Wall Street Journal the taxpayer is picking those Liabilities in a deal brokered by the Federal Reserve they agreed to take on board a significant portion of that derivative debt you mentioned not just the collateralized debt obligations...

When panic strikes property versus shares? It is interesting to note that when Bear Stearns was sold off to JP Morgan Chase for $236.2 million @ $2 a share, the headquarters was valued at 1.2 Billion dollars. So in effect Bear Stearns share holders paid JP Morgan $963.8 million to take the...

Refinancing to have a reserve. Hi Alex; Unlike you I am a lot older (55). Could I start again? Yes of course but unlike you at best I would have only 20 years to recover provided my health continues to hold up. You say that you don't believe the probability of a depression is high but you...

A bomb shelter is my preference rather than being in the middle The middle ground at Hiroshima and Nagasaki was no protection:D We can see and hear what's coming don't follow the herd just make sure your bomb shelter is well provisioned

Warren Buffett is a value investor Alex I am not suggesting that we should all divest ourselves of our properties. What I'm advocating is that you protect yourself. In another post I made mention of looking at refinancing quickly if you have any doubt about your ability to sustain your holdings...

Hi Trendsta; Lets see now; "we are being doom and gloom merchants right"? If we all just think positive its going to go away right?:rolleyes:

The one in 100 year event Hi Alex; You assume that this is just another common garden variety recession we are entering while I'm looking at a once in 100 year event that is where we differ.

When will this downturn end ? When you look back over the past 16 years and examine the yields obtained with both property and shares and then compare the same investments over 25, 50, 75 and 100 years you realise that we have been in a golden age. As I have mentioned in an earlier post...

The financial meltdown; Australia will be a wee bit pregnant? The European central bank allocated $502 billion at below the market rate before xmas to avert a credit meltdown involving European banks. The British government injected 55 billion pounds to prop up the Northern Rock so far...