This sounds like a motel room…?
[blink]

Don’t take offense so easily Jerry!
We’re all here to share and learn and I imagine I’m not the only one who would prefer that threads occasionally get bogged down with diverse views and a bit of detail rather than the standard.

To your questions:
The price of land in Japan has fallen for 13 consecutive years (down 6% last year alone) and is now…[Read more]

Originally posted by terryw:
renting is usually much cheaper than paying off a home loan on the same place.

Only at this point in the market – the last gasp of a bursting bubble. In a stable market rent is very closely correllated to the cost of mortgage repayment. This is why the phrase ‘rent is dead money’ came from. If the market climate of…[Read more]

Originally posted by zen:
(1)will I end up negatively geared for unforseable future? No sign that rent is going up even propertie prices are all time high? Say if an IP is yielding 4% now, (2)will I get 7% in 5 years time?

1) Yes.
2) Only if the CG on your property is around negative 50%! I can’t see incomes rising by 75% which would be the only…[Read more]

Originally posted by Ricksta:
hmmm I know your right Foundation but renting in my opinion is such a waste of money.
In my opinion unnecessarily high interest payments are far more wasteful! Who would you rather the money goes to – the bank or to one of the wonderful ‘investors’ on this forum?[cap] You can rent for less than an interest only…[Read more]

Originally posted by Jerzy Balowski:
Foundation, would you like to elaborate ? Did the above investors do their due diligence at the time ? Seeing that I dont have a clue about what you are refering to above, I wont even try to speculate.

If you don’t have a clue what I’m talking about, I would suggest that you yourself have not ‘done your due…[Read more]

Originally posted by Jerzy Balowski:
imagine your property, worth $318,000 in 2000, and holding on to that property, only for it to be worth $150,000 today.

This scenario is virtually unheard of in real estate

“Virtually unheard of in real estate”? Try telling that to the Japanese who invested in property prior to 1991 or the San Franciscans or…[Read more]

Originally posted by westburn:
There are sellers out there getting very keen to move on. I wouldn’t be parking/sitting on the fence. As the saying goes Time is Money.

Why are these sellers getting so keen to sell? Could it be that they are holding a depreciating asset?
Perhaps time is money if hg DOES park his cash in an investment with positive…[Read more]

[confused2]This is not a catch 22. You want something that you can’t afford, that’s life! It sounds like you’ll either need to sell one of your units or rent.

Sorry Chipper, the 20% CG got past me! Not too bad…

Chipper, 6.5% is a pretty poor return for the last 12 months! I’ve done better than 30%!
And LifeX, yes the overall stockmarket had a flat period while housing was reaching silly heights, but the clever investor could read some pretty simple signs from that and took profit from real estate to invest in shares. Of course, shares will tank at a not…[Read more]

The REIV are about the most vested interest you could pick. Their data collection and ‘analysis’ methods are highly dubious at best. Does anybody know what the Australian Property Monitors results were for December? Would you care for me to share them?

What is the zoning of this land? If it is residential I doubt you’d be allowed to build a storage depot there, but if it is industrial this sort of development can be highly profitable. Check for competition.

Originally posted by Marc1:
however…if they want to be nasty and the carport does not comply they may want you to alter it and that may cost some more.

If the carport does not comply with building regs, would they not be doing cruiser a favour by forcing him/her to alter it? They might save somebody’s life after all…

Originally posted by ajsov1:
my father owns two units and is willing to sell one of them to help with my mortgage payments on a house for me and my family.

You’d be far better to use the money as a deposit (thus reducing up-front capital and saving a fortune in interest) than using it for mortgage payments…

Originally posted by Gramyre:
get them to trust that someone else can cover your debts if you can’t

I know I can, I know I can

That’s very generous of you![blink]

mkomko, if I was you I would save as much as I could, sit back for 18 months/two years/five years until prices have bottomed out. Negative equity for somebody in your situation (no…[Read more]

Originally posted by Qlds007:
You sign the contract in your name and receive a letter dated prior to the actual contract date with permission from the eventual owner appointing you to sign on their behalf.

Would this not constitute fraudulent evasion of duty?[worried]

[laughing]
This reminds me of the Simpsons…

Michael Jackson: Homer, this is Floyd. He’s an idiot savant – give him any two numbers and he can multiply them in his head, just like that.

Homer: OK, 5 times 9!

Floyd: 45.

Homer: Wow.

Why change PMs? Do you believe it is their fault the tennants couldn’t / wouldn’t pay rent?

Originally posted by Redhaven:
The agent said he gets people ringing up saying they’ll pay up to 170 for a place, but he rents them places for 120 and 130…

This scam (or one of many variations) is running in country towns all over Australia. It’s the real estate agent’s version of problem/solution etc. His solution is to make properties that he…[Read more]