Yossarian wrote:
Hindsight is always interesting.One wonders what advice Kaus would have received on this forum in 2003 if he/she had asked the question then? I suspect someone asking whether they should take a punt on a 100% loan for their first IP with a negative ROI on purchase would have got a bunch of "you go girl/boy!", "you're on your…[Read more]

My point is it would be very stupid to make a decision involving that kind of money based on a forum response from people they dont know. I say listen to the options here. Then take them to a reputable financial adviser or someone similar and see what they have to say. I believe thats the best thing to do.

Scamp wrote:
I've been saying Iran war is unavoidable since February. By the way, fuel prices in holland are already 3$ per litre.Saying fuel prices won't reach 2$ or higher is bollocks : They will. I must admit, 8$ is the doom scenario that even I ( Mr. Doom&Gloom ) find a bit on the high side. I think in the years to come fuel will come to…[Read more]

I have been hearing this a bit lately. Many people in the know are discribing current oil prices as a bubble. One that will burst eventually and return prices to normal levels.Not expecting a dollar a litre ever again but well below current levels.

ormeau wrote:
I believe that $8 is an underestimate. Remember, there is no one silver bullet guys. http://mpegmedia.abc.net.au/news/audio/twt/200807/20080711-twt-02-csiro-report.mp3

Maybe so but i assume they had some knowlagable people formulate that response. So are we expected to acknowledge the report but rubbish their findings.Bit…[Read more]

Scamp wrote:
Kaus : Well , at least you can smile and think : "I made someone else rich at my expense"The longer you keep your 'investment' property ( excuse the pun ) the more money you will lose. I'm afraid you were suckered into something you didn't understand, and you will need to pay the price for the lesson learned. At least the spruiker…[Read more]

ormeau wrote:
Remember little old me? Environmentalists say a CSIRO report predicting the price of petrol could rise to $8 a litre in 10 years should serve as a wake up call to the public and governments.http://www.abc.net.au/news/stories/2008/07/11/2301042.htm

They also stated that $8 was a worse case  scenario . They predicted between $2 and…[Read more]

They are around. One im looking at now has a 2 bed house with 2 commercial buildings attached. Total rent potential $450 to $500 pw befor reno plus it is on a corner block of over 1000 sqr with subdivision approval. Asking $240,000 and open to offers.

Scamp wrote:
Sav : Every month , houseprices go down by 5% or more. Why the hell would you buy now when you can buy for half the price in 1 year ?

Another crap statement. If houses where to go down 50% in 1 year as you have stated in my area that would mean my house is worth around $150,000. It would cost more than that to build so the land…[Read more]

Not all houses are overpriced. I hate this broad statement. In my area i bought a house that i admit i paid too much for. Not crazy money just around $20,000 more than should have. Live and learn. But if i was to take the building out of the equation it leaves my land value at around $80,000. Thats close to pre 2001 boom prices. My point being…[Read more]

(I end my posting in this forum right now, I hate wasting time.Good luck.)If only i could believe this. Good luck mate. Hope everything works out for you.

ormeau wrote:

devo76 wrote:

ormeau wrote:
Ah yes, breed breed breed, more humans more money right? You just don't get it do you? Exponential growth. 6.6 billion, then 7 then 8 then………opps

OK OK then can i pitch a tent in your little garden of eden you have planned.Mate ive got it. You im afraid have lost it.But it takes all types to…[Read more]

ItalianDragon wrote:

devo76 wrote:
This is crazy. I agree that change has to happen and is happening. But this mad max crap is a joke.Some people on this forum need to stop soaking up all the crap they get feed and look at all possible outcomes not just the worst. Do you really believe that there will not be a alternate energy source found in…[Read more]

ormeau wrote:
Ah yes, breed breed breed, more humans more money right? You just don't get it do you? Exponential growth. 6.6 billion, then 7 then 8 then………opps

OK OK then can i pitch a tent in your little garden of eden you have planned.Mate ive got it. You im afraid have lost it.But it takes all types to make the world go round i guess.…[Read more]

ormeau wrote:
Good to see you have debt "Mate". Take care.

Actually you would think that if things did come to a grinding stop. Surely the existing built houses  around Australia would infact be worth even more  due to the crazy cost of new housing.Option 1#Nuclear power stations around australia powered by our own mining  resources feeding a p…[Read more]

ormeau wrote:
I do have faith my friend, unfortunately if we were to continue our current lifestyle the action to avoid this new depression should have been enacted 20 years ago. There is no magic wand to save our current growth my friend. oil was $65 a barrel in January 2007 now 16 months on we are at $143 and i still look around and see no…[Read more]

ItalianDragon wrote:

devo76 wrote:

ormeau wrote:
Oil is the key to doom guys, $143 record again. Watch it, and be afraid. War soon.

Green energy is the key guys. Its happening. More oil discoveries soon anyway.Alternate  fuel as well. Everything will be fine.

I think you should study a bit before to say incorrect things. Oil is ENDING and…[Read more]

ormeau wrote:
Oil is the key to doom guys, $143 record again. Watch it, and be afraid. War soon.

Green energy is the key guys. Its happening. More oil discoveries soon anyway.Alternate  fuel as well. Everything will be fine.

Personally i think now is the best time to start a cult as there seems to be no shortage of willing sad depressed  doom and gloom followers.Follow me everyone. Just give me all your money and i will tell you the answer to peak oil.PS. Actually. Funny story. A cult that has its compound near me( Sad but true)  handed out a news letter around 3 m…[Read more]

This is crazy. I agree that change has to happen and is happening. But this mad max crap is a joke.Some people on this forum need to stop soaking up all the crap they get feed and look at all possible outcomes not just the worst. Do you really believe that there will not be a alternate energy source found in time that is viable. Its no secret the…[Read more]