esperence is magic – agreed!!!! feeding the seals, the coastal drive, bay of isles…..could retire there quite easily…

del – good idea! i have been!!

still roomk to move up – watch this space. shares will continue hitting records for some time to come.

however!!!!!!!

like anything need a balance as china will have problems should consumption remain unabated with the possiblity of world interest rates and inflation on the rise….

could be a credit squeeze…..

mining towns arent a bad buy at the moment. but as crj said its all about timing. resourse are booming, bhp, rio tinto are expecting huge profits due to chinas insatiable demand. as speculation you cld do worse than buying in a mining town with say a 1,2,3 year time frame then getting out.

if this is your gig then go for it…

man – what you can get for 300k is amazing….im moving!!!

hehe – very sharp jo.

c’mon guys – the book and the show are what they are!!! Steve said he would help them achieve 1 million in property in 12 months. and for many this was achieved….full stop. if you have a problem with the system then that is different. but what was said was achieved.

well done steve and well done mappers…

ps – worse things than being geeky -…[Read more]

ive got 2 words to say that should scare the hell out of generation x’ers. REVERSE MORTGAGEs….

so no need to bboomers to sell but still have access to cash..

might be worth holding on to bank stocks if this becomes the drug of choice.

i have no idea what effect this will have. interested to hear what you guys think..

g’day michael. your posts make me laugh cause your wife sounds a bit like my wife. when i first met my wife she told me that she was a career woman and wasnt that maternal. 7 years later she is a great mum…although work is still important to her and fair enough aswell…she is back 3 days a week. grandparents doing the childcare thingo which…[Read more]

brahms no im not – but thanks for asking. so you would keep bidding against a vendor bid??

why didnt he put in one bid against the vendor bid and then secure the right to negotiate if the property was passed in – because there waqs no one else bidding!!!. why keep bidding against the vendor when you have already secured the right. all this has…[Read more]

clint – are you an agent??

if the vendor up the anti off course you can say no more…where in the rule book says you cant?? its not like yr competing against another bidder – youre competing against the seller…

you could use this same arguement for dummy bidding. ie its just to find out your maximum bid…

only bid against real bids from…[Read more]

steph – pretty close to home for me your post…hehe….

rebecca – excellent gag.

michael – good gag. i dont need a genie though. im thinking of taking up one of the 10 spam ‘extension’ offers i get on email per day. serves me right for doing a ‘paris hilton’ google search…

g’day

remember that your broker has something to sell also. the more you borrow the more commission he makes.

but his advise sounds a tad dodgy.

personally i would keep the place and rent it out. you will find that using your equity and buying better returning rentals you will be able to borrow more anyway.

good luck

stifla – the exact same thing happened at an auction i attended in northcote 6 months ago. infact this auction was on hot auctions about 1 month ago. i dont know if you remember the RENO sisters.

anyway the guy that bought it was the only bidder and he countered 4 times against vendor bids. the house was still past in at 500k and then we find out…[Read more]

greg – how about servicability?? im confused that if you can service such a huge loan then they should lend you much more than the 200 or so k just by using equity…

maybe im missing something

michael – g’day. thanks for that you make good points but sometimes life is simple.

marc wants a flat tax system and doesnt believe in charity omongst other things. they are signs of weakness according to him.

ps – i already have masters in economics – good luck with yours.

marc – questions.for you !

1. Are there rich people in the world who arent intelligent, bold and adventurous??? even if there is only one then your arguement falls down. the market and the system is imperfect. eg mobsters, corrupt officials, alan bond, sultan of brunie, boxers.

2. are there poor people in the world who arent lazy, dumb and…[Read more]

phil – i agree. its all cyclical and you know what im not sure the baby boomers (the big winners) are any happier.

im a gen xer and i think that if the baby boomers spend everything and we all have to live with less then this could be good.

rgds
the confused hippy capitalist…

thers is a kit home monthly magazine – check it out they will have some great ideas. your block sounds amazing and i remember seeing a kit home that was circular with 360 c views from all the windows. kind on hexagon shaped actually but can remember where ive seen it.

also its interesting you say kit hjomes are more expensive in NZ. cant see why…[Read more]

g’day – im a bit confused where the 700k amount comes from?

and to be truthfull a 700k debt is the last thing i would want at the moment.

i suggest you keep the place – the returns are good. i cant see how an extra 80k (profit as you say) makes a 500k difference in how much you can borrow??

good luck with it either way as you are in a pretty…[Read more]