http://www.news.com.au/money/property/upgraders-push-hous
e-prices-higher/story-e6frfmd0-1225824213617
http://www.smh.com.au/national/affluent-suburbs-lead-new-rise-in-house-prices-20100127-myzj.html
So now stuff has finally hit the fan - 2009 brought property prices to a new record.
I guess, as I predicted September last year now noone will listen to retards who proclaimed another crash because FHB desert the market.
Brace yourself - stampede of panic buying starts today.
For those who can not use a calculator:
Sydney "typical" price now is $100K higher than last year. This is after tax $100K, so it is almost $200K in gross income. If you are a property owner less than on $200K gross - your house earned more than yourself last year.
If you were silly enough not to buy (or committed mortal sin of selling) your loss double that figure, as you have to pay an interest on that increase.
This is to explain why I feel entitled not to show any respect to those who are going to engage into futile and fruitless discussions with myself.
e-prices-higher/story-e6frfmd0-1225824213617
http://www.smh.com.au/national/affluent-suburbs-lead-new-rise-in-house-prices-20100127-myzj.html
So now stuff has finally hit the fan - 2009 brought property prices to a new record.
I guess, as I predicted September last year now noone will listen to retards who proclaimed another crash because FHB desert the market.
Brace yourself - stampede of panic buying starts today.
For those who can not use a calculator:
Sydney "typical" price now is $100K higher than last year. This is after tax $100K, so it is almost $200K in gross income. If you are a property owner less than on $200K gross - your house earned more than yourself last year.
If you were silly enough not to buy (or committed mortal sin of selling) your loss double that figure, as you have to pay an interest on that increase.
This is to explain why I feel entitled not to show any respect to those who are going to engage into futile and fruitless discussions with myself.