clive sounds on the money.
i have a friend who earns 150k and is under financial stress. geez i feel sorry for the 98 pct of others earning less than him. doh!
lots of people live like millionaires even though there net worth is negligable. a high salary doesnt make you rich. although it can make you very vulnerable to wanting to appear rich.
some landlords will be able to increase rents and some wont. landlords must try and tennants must try and avoid it.
this is the free market system at work.
landlords ability to raise rents will depend on
– the demand supply equation for the area
– whether the tennant is prepared to pay more to stay put
– and yes whether the agent is able to sell…[Read more]
No – i like this one!! but we must be careful in differentiating between value and price.
interest rates will effect the price but not necessarily the value. so there is a correltation between price and interest rates. but not necessarily value. the availability of cheap money can cause distortions to the market that have nothing to do with…[Read more]
ronlulas – i hear what you’re saying howvevr i cant think of 1 suburb in Melbourne 30-40 km from the city that started out bad and is now great. too my knowledge they have all stayed about the same in terms of comparison to other suburbs. the only exception recently is frankston but that is due to its proximity to the beach. Lilydale, coldstream,…[Read more]
beware – in the last 3-4 years property has been used as a speculative investment. people getting in and getting out to make a profit. once this occurs it changes the market. so the old addage that property in a long term investment, in this hightly charged envornoment might get y9ou into trouble.
i would hate your LONG TERM perspective to turn…[Read more]
intersting wayne – enormous leap of faith required from the collective conscience i imagine, but it makes sence. its amazing that with all the worldy excesses open to us (wine, woman, smokes, food, drugs etc) that somehow most of us are still able to live a life of relative moderation. i think the article is about ‘when we empower people to make…[Read more]
willem – once again michael makes good points. i like the bit about needing to be protected from themselves – as we all do somethimes! i would also add that tolerance doesnt mean accepting everything the world throws up. having an opinion and stating that opinion has nothing to do with tolerence
it if dont like the death penalty that doesnt mean…[Read more]
please – rent money is dead money. this is just one of those stupid terms designed to push someones vested interest. the only reason you dont hear ‘interest on mortgages is dead money’ is because landlords dont have a combined voice…
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