To wind back our military spending is not a wise thing to do. We spend next to nothing on it anyway in the big picture. In truth we cannot defend ourselves except from the constant stream of boat people. That aside we must have a presence and we  must be seen to work along side other military mights. We would be stuffed by ourselves as Australia…[Read more]

ummester wrote:

devo76 wrote:
A change sounds like a nice idea. But do we think this is a change or just the general sentiment of a population in a slump. Unfortunately we tend to have very short memories and im sure as things improve the same mistakes will be made again. So i guess it all depends on where you stand. Do you take the moral …[Read more]

ummester wrote:

Tony B wrote:
Just have a look at whats happening in our great country, people 55 to 60 are now returning to the work force, why, because they have no money to retire on. Mum chucks the 2 kids in a child minding centre at 7.00am to 5.00pm so she can go to work because if she does not work, they cant pay.The growth we have s…[Read more]

On an upside if things stay depressed for three more years that means my fixed rate will reset to a lower rate. woo hoo. Doubtful but i dont think that will happen.But as for preperations. Yes i have a few.I bought  my IP in a depressed market to start with so not as far to fall.My IP was bought in a area that only boomed from a lower base so not…[Read more]

As many have said before. There are always reasons NOT to buy property. And sure if you made a decision on investing that is based on what is happening now you would never ever think about buying a property. But property has worked for many over the last 10,20, 30, years.So its odds on that once this passes property will continue to work as an…[Read more]

harb wrote:

foundation wrote:
You clearly haven't been keeping your eye on the inflation figures that are coming through.

How are them inflation figures coming along, still keeping your eye on them ?

Be careful. You know how they work. They will come back with a highly thought out explanation for the change which still supports there point…[Read more]

Scamp.You actually have some good information to share. Some is complete <a href="mailto:s#@t“>s#@t but all can see this while other segments are very usefull. Its the way you put the information across. You come here and DEMAND our attention and proceed to bark at us that what you say WILL 100% HAPPEN.From what i can gather you do not have enough…[Read more]

I may be reading it wrong but are you planning to rent it out straight away. If so i dont think you will be eligable for the grant. You must live in the property to get it.

Wow they are worried about cows releasing fart gas and they are going to sneak up and tazer them. FAARRK. imagine the gas release then. Woo hoo.

Yeah. Bloody scientoligy crap.???????  That is what we are talking about right??  No thats right. Its those bloody aliens anal probing everyone and releasing fart gas into the atmoshpere…   Man the world is gone to pot.  Did you here they are trying to change the direction of the Earths rotation. Somthing about Sydney wanting sunsets not sunr…[Read more]

There was a news artical the other day stating they found the fossil of what they believe to be the biggest snake that ever lived. It died off well after the dinasaurs. They also said that due to its size they believe the temperatures were hotter at that time.I also heard that the ice is melting of greenland. GLOBALWARMING they yell. Well they…[Read more]

I agree about the bubble. But ithink there is no way we could ever stop a boom or bubble from happening. The boom/bust cycle just keeps on happening over and over. I think its human nature that plays a big part. The sheep in us just start following and the end result is the massive swings that form cycles. And im sure the boys at the top want it…[Read more]

If my house dropped 50% that would mean after you take out the building cost of a similar house today the land would be worth NEGATIVE $25,000.  It will not happen.  It may in some areas but a 50% drop Australia wide is just a sensationalist comment thrown out to get maximun effect.

ummester wrote:

wealth4life.com wrote:
I agree Devo76,The point is any person can predict the winner of a horse race when it's finished.Every now and then WE all need to put up our hands and say opps nobody is perfect and Steve has done lots of great things and many mistakes like all of us, we're all human even Packer made mistakes.Let he who…[Read more]

What constantly amazes me is the constant remarks that all the investors on here have this blind belief that property will always go up year to year with little or no risk. To those investors that believe this YOU ARE IDIOTS. But my beef is i know of very few if any that think like this.  I am sure the vast majority know that it is almost a 100% c…[Read more]

Scamp wrote:

harb wrote:

Scamp wrote:
Harb my dear, The problem is not convincing yourself that your properties are worth 10 million dollars each.The problem is trying to sell them and finding out that the only offer you get is 200.000.

Then refusing to sell them for less then 10 million dollars each would solve my problem.

Yes, this is…[Read more]

gmh454 wrote:

harb wrote:
  They've made the mistake of waiting for a correction and refused to admit they could be wrong,  its called being in denial and I'm guilty of it sometimes.   

Harb the lights have just turned amber and that nice elderly couple who smiled so sweetly at my little dog, are quietly waiting for the green, and don't see…[Read more]

I guess this is good for me as i would like to retire in 20 years at the earliest. Plenty of time to set myself up .

He wanted to come back and soak up the greatness of his ability to predict a slump after a boom. Who would have thought hey.Some one give that man a medal.

I think a outright NO is too strong. There are bargains out there that may be cashflow neutral or better and not suffer badly in a slump. People say wait a few years for things to get real bad. But if this happens will you be in the position to buy then. Will you have a job. It is a lot harder to buy a cashflow property on the dole than it is to…[Read more]