To me rich people is a very loose term. Rich in what,wages,assets, equity etc.  I believe many that should be considered rich are being forced to sell due to living outside there means during good times and having little or no buffer. They are anything but rich.  I also see many true rich people taking advantage of these times by selling off u…[Read more]

hbbehrendorff wrote:
David Rockefeller's "NWO" as he and his minions like to phrase it needed something other then the general   "Witches, Gypsies, Commies, Boggy man Terrorist" Scape Goat to get the people to back there agenda,  So they gathered scientists and can up with Environmentalism and the "humans are bad" concept where everyone pays a…[Read more]

I currently have my IP locked in at 7.25 % for another 3 years. So glad i followed the gloomers advice on that one. My PPOR is variable. If i can get a 3 year rate below 5% i will probably grab it as that will see my PPOR loan paid off even if the wife stops working  due to kids in the near future. It might go lower but the balance is getting l…[Read more]

I guess he means very few people even reach that milestone. If you were smart enough to buy say two neutrally geared properties so they cost you nothing to hold. Sold one at retirement to pay off the other. Then you would have an income producing asset while all the time not costing you  to hold them therefore not effecting your lifestyle duri…[Read more]

how about another question. Who is financially better off with property investing. Thats the thing. Sure some may lose through heavy gearing in a down turn but many will make it through. And for them and others starting out.The downside of not reaching financial independance may be that they still have assets they could sell or use to suppliment…[Read more]

Hang on. I bought the wife a $1000 necklace that was silver filled. Bugger me im on my way. And i have a heap of massive aircraft batteries i was going to throw away. Woo hoo i will be melting those puppies down tomorrow.All crap aside i will not argue your thoughts on metals as i have no idea. I dont consider myself a bull or a bear. Im in the…[Read more]

Lot more room to move above $500,000. But im interetsed in how say the average house in a regional city around the $250,000 to $300,000 will be affected. I cant see a 40% or 50% drop on average. That would put many homes at or below replacement cost  with no consideration to the land value.This is why so many say the drop will vary greatly. Those…[Read more]

devo76 wrote:

hbbehrendorff wrote:

devo76 wrote:

hbbehrendorff wrote:
Standing on the top of mount Everest,  We fall to a cliff three meters down and everyone is proclaiming this is the bottom… ROFL Every bubble creates a similar shape coming down only mirror reversed,  Ive seen the charts ! lolNo recovery will come in 2009 or 2010 or 2…[Read more]

hbbehrendorff wrote:

devo76 wrote:

hbbehrendorff wrote:
Standing on the top of mount Everest,  We fall to a cliff three meters down and everyone is proclaiming this is the bottom… ROFL Every bubble creates a similar shape coming down only mirror reversed,  Ive seen the charts ! lolNo recovery will come in 2009 or 2010 or 2011…  We ha…[Read more]

ummester wrote:

devo76 wrote:
Not there yet. WA to hurt more than other states. But on average i would say another 10 to 15% drop across Australia. Not a 40% +drop thats for sure. What do i base that on. Nothing. Just what i see when i take a step back and look at whats going on around me.

10-15% + 5-10% already experienced = 25%. A year…[Read more]

hbbehrendorff wrote:
Standing on the top of mount Everest,  We fall to a cliff three meters down and everyone is proclaiming this is the bottom… ROFL Every bubble creates a similar shape coming down only mirror reversed,  Ive seen the charts ! lolNo recovery will come in 2009 or 2010 or 2011…  We have 15 years of bad times ahead of us… Bu…[Read more]

hbbehrendorff wrote:

1Winner wrote:
Thank you, too true!The human being is a creative creature. If you muzzle your creativity via some stupid idea that it is "wrong" because some half witted teacher working part time on 30k a year salary wants you to believe he has the answers to your problems, you have something else coming!Creating is as…[Read more]

True. My IP is on a busy road during work hours. But the trade off is the tennant can walk 200 meters to a resteraunt or about 800 meters puts them in town for shopping,pubs etc. CBD living i guess.

Not there yet. WA to hurt more than other states. But on average i would say another 10 to 15% drop across Australia. Not a 40% +drop thats for sure. What do i base that on. Nothing. Just what i see when i take a step back and look at whats going on around me.

bardon wrote:
Hey well done getting in there, fancy posting the link to the next one ?what was the contrarct price on the one you missed out ?question questionsI think I will get another mortgage before infaltion sets in

I will post a link to this one after sale has finalised just incase it falls through and i get another go.As for the one im…[Read more]

Sold today for $10,000 more than i had him down too. And he would have gone down further Bloody FHB. There will always be another one. Actually there is one around the corner. Yield is only 7% but room to improve and the block is subdividable and it is in a better area. Might low ball that one tomorrow.

WJ Hooker wrote:
devo 76             In 6 months it will be 12% when the price drops further.

I would be happy to take the guaranteed 9% now than a possible 12 % in the future. In this time it could sell,prices stabilise,my personal circumstances may change and i can no longer buy.I think holding for that extra might become a greed driven reaction.

Financially free is the ultimate end result that i am sure only a few reach. But im sure many reach a point with there investing that they have enough wealth to make some lifestyle choices. Super top up through one or two propertiesReduced work hoursBig retirement world tripSome cash for the kidskids educationDream house.Property investing may not…[Read more]

I am looking at a property in a regional city ATM. 9.1% straight up with potential for rent increase. They are out there.

ummester wrote:
Trouble with the modern military (and especially consription) is that, living in a time of equal oppurtunity, consripted males could argue (possibly rightly) that females should also be consripted into combat roles. Also, why should the old age groups 18-35 still apply when we are living longer and the retirement age is going…[Read more]