Forum Replies Created
IMHO – NEVER cross-collateralise an IP with your PPOR is you can help it!
Cross-cat with other IPs if you must (or you want to simplify the account keeping), but cross-catting with your PPOR can increase the risk of losing your home
Using a LOC over your PPOR to finance a IP is A-OK in my book however….
Cheers,
Aceyducey
Originally posted by redwing:Aceyducey..
Things seem to be changing as of late from what i read in the papers,A “pile’ of Dollar$ was wiped off the Stock market according to Saturday paper, Oil/Fuel prices rising, some shares retreating, just wondering if rates will rise again, i think maybe yes in a few months..
Does that mean you want to take me up on my offer? [biggrin]
The situation is ALWAYS changing…..it’s not worth stressing over
BTW, looking at oil prices, doesn’t it make sense to invest in energy stocks
Cheers,
Aceyducey
Originally posted by NEWGEN:I’ve just gotta get the wall even and the tiling should be a breeze. Hope it all goes well.. [confused2] hehe.
You could render the walls to make them flat or use a lot of tile goop where necessary
Cheers,
Aceyducey
It’s simply too boring to spend all your time ‘playing’ – particularly when most of the people your own age are off in their wage-slavery all day….or when you have young kids!
Better to spend the time productively on things – giving back in the particular manner that suits you, doing some ‘work’ that you enjoy, having 50 hour long marathon PC gaming sessions (er…scratch the last one
)Cheers,
Aceyducey
Originally posted by Baloo:You made an assumption of 7% annual growth compounding, that is an average over time but it’s a fair bet to assume that 7% growth per year over the next 2-4 years is optimistic. Factor it a 7% annual growth averaged out over the last 10 years and I think you’ll find growth could just as easily be flat as opposed to increasing. Or am I missing something ?
Baloo,
As an example if you look at about page 102 in Steve McK’s book you’ll see that over the last twenty or so years 7% average property growth or higher is perfectly feasible.
Now naturally that IS the past and things may change…however in the period considered in the book there have been years where prices have stagnated – and even gone backwards.
Generally assuming a growing population, economic stability (within the normal boom/bust cycle) and no major shifts in culture, populations or housing technology, I believe you can take these figures as a useful indication of what is reasonable to expect in the future.
There are claims that 7% average growth has been recorded since 1066 (referring to the Domesday Book in the UK as the first comnprehensive audit of British wealth) – however I’ve never been able to find source docs to verify this
A few authors put the figure (but not the backing evidence) in their books however.
Cheers,
Aceyducey
Coney,
I agree with Monopoly – if it works for you, go for it
There’s no one magic pill in property, many different strategies work. The key ingredient to their success is really the commitment & expertise (meaning how well you research and understand what you’re doing) of the person executing the strategy.
Cheers,
Aceyducey
HHH,
Push for another valuation by showing PROOF of the comps and that the valuer got it wrong.
We always give valuers a nice little kit with comps, recent sales & who to call at REAs to verify them. It works wonders on ensuring that properties are not under valued….because you can always take the same info to the bank & the bank may take away business from that valuer
Cheers,
Aceyducey
Originally posted by kay henry:I do hope VIP (if he exists) HAS a gf- women are in a pretty good financial position these days in their OWN right, and expect guys to be too.
Some are, some aren’t.
There was an article on the topic recently in the SMH about how many women are neglecting their own financial success due to being brought up to believe they would be looked after…..the belief still exists in this day & age.
And I reckon that many people on the forum could testify that some girlfriends do expect to have their way paid – which is not to say whether this is right or wrong
Cheers,
Aceyducey
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