I think that because both shares and property is tanking togehther i doubt property will take off.Housing was affordable last time when the sharemarket went down. My personal believe is this could be a long plateau for values with likely 10% + drops in prices for some areas over the short term. I am no expert ,just looking at the information…[Read more]

Morals are a great bases of a argument but when the argument is the have nots against the haves then the moral argument goes out the window.It becomes a pure personal gain issue from both sides.Investors are up front about it while many others are not.As for the biggest correction since the 30,s.  Who knows. I notice that the mood is changing…[Read more]

I think everyone appreciates a opposing view point but you take it beyond that and end up far from what this forum is about.I personally do not understand why you are here. You do not want to invest in property and you dont want to help others. You just want everyone to convert to your line of thinking and you get worked up when people dont tow…[Read more]

ummester wrote:
No – I am not Scamp.devo,What about being morally better off than the generation before us? Having an easier life does not always mean a better life. Better, in this case, obviously depends on your POV.If assets values in Australia don't decrease, successive generations will not have better lives. People in the 20's thought that…[Read more]

gibbo1 wrote:
devo, are you interested in a half share for a lotto ticket this saturday?

I am giving my crew the afternoon off and shouting them a few beers. The dollar value in them putting in extra effort will be far greater than the cost of a few beers. Plus another 5 bucks might fall into a pokie too. My wealth is snowballing now.

Ha ha. I just had a meal  and a couple of beersdown the pub  with my $50 bucks and i put the change in a pokie. Got the feature. $127.000. Man stuff housing,shares or gold. I cant lose.

hbbehrendorff wrote:
Anyone who tells you positive news about the housing market is deceiving you,  the Average house will not be $600,000+ in 5 or even 10 years time.Wages increase over the past 10 years have been 1.5% pa, The current average australian wage is 55k taking compounding into account in ten years the average wage will be…[Read more]

hbbehrendorff wrote:
"we are not going to be affected much by a recession"  What planet are you currently on ? Do you not know that today lehman brothers went broke today ? the dow jones lost 500 points in one day… America has a 8 billion dollar world debt, Banks that survived the great depression are falling over like dominos, The American…[Read more]

Dont forget these so called falls are from the absolute top of values to a expected absolute bottom( The worse case scenario). From that low they will go up again eventually. If you bought at the top and sold at the bottom then you are very very unlucky. What houses are worth in ten years is what concerns me. Not next week.Many say wait till the…[Read more]

ummester wrote:
Damo,Everyones expectations are too high. You don't want to have your granparent's life on retirement but if you have any better it will cost some part of this country more than theirs does. You can't have that little bit better without someone having that little bit worse – it's all balanced. I don't know the answer but I do…[Read more]

I have thought about it but holiday areas suffer the most in  a downturn making budge a little risky to me.

ten_burner wrote:
Hey give90,  my fiance and I have a one bedroom apartment in Sydney cbd, we have done very well out of it.main points Ive found is: -Get one in a small block (up to 30 units) as it has more scarcity, than a block of 150 apartments where there will always  be some for-sale at any one time-Avoid ground floor apartments due to c…[Read more]

My biggest problem with touching neg gearing now is that property values are already heading south. Why risk making things worse. Its the average mum and dad investor that will suffer not to mention PPOR owners.Many have stated that investors have driven the market to current highs.I dont buy that. I think during good times the market is driven…[Read more]

Fair call. By the way my comment about blaming the world was not directed at you. It is more directed at people that want everything in life but do sweet f@#k all to get it.You could spend the rest of your life analyzing and breaking down the faults and mistakes of todays society. I dont feel morally corrupt by becoming a investor after all there…[Read more]

ummester wrote:

devo76 wrote:
If the market did crump and gloomers could afford there own home PLUS a investment. I bet most would eat there words and do so happily. And then next boom they will be accused of causing the housing affordability problem. And then they would be pushing the merits of investing having the wisdom and expieriance of…[Read more]

ummester wrote:
devo76 – can't vouch for any-one else but I don't ever want an IP. Saying you know you would is being rather arrogant – you can not know what others value in life. I consider a housing a social right and not an investment right and that the long term stabiliy of society is a better investment for me and my family than the short…[Read more]

Neg gearing helped people provide for there own retirement. The sour grapes out there dont like the idea of investers getting a free lunch. But as stated over and over , investers do provide housing that the government are clearly not able to provide. House prices are correcting now so why would the government want to tamper with it now. Prices…[Read more]

simple wrote:
Hey Guys, this thread started by D on June 5, 2006.Anyone want to summarize? 1. Early indication of problems in RE in June, 20062. First major signs of instability in December??? 20073. Today indications of RE loosing value (only small %), September 2008Seem like as time passes it just becomes worse. Given trend we have and based…[Read more]

ummester wrote:

simple wrote:
I some how do not think we "have reached permanently flat plateau"

Not by half.Thing is, we could have plateued so much softer around 2005 if Howard didn't double the FHBG and give the capital gains tax concessions. Now the landing will be harder and, in some cases, sink lower than needed for equilibrium because…[Read more]

tess85 wrote:
I'm looking around Newtown/St Peters. My parents are trying to talk me out of one directly underneath the flight path… eg. fuel dumping and all that jazz. Does anyone know much about the health issues of living under a flight path? (apart from the constant day & night noise)

If they are required to dump fuel this generally done…[Read more]