Europe just laid off 67,000 bank staff…. the US about 10,000 so far. And there’s a lot more to come. Financial services and banking will be oversupplied with skilled experienced personnel for years to come. Property has been over-cooked for 2 decades and isn’t likely to offer much in the forseable future. Property will be(is) high risk and low…[Read more]

http://en.wikipedia.org/wiki/Property_bubble

johann22 wrote:
But for me i still see this as a chance to really pick up a good proeprty and a really good price.

Oh to be ten foot tall and bullet proof again.

I suppose it depends on your risk appetite. Property is the last place I’d personally put my dollars but then after 50 odd years I’ve got a few bullet holes that deters my desire for…[Read more]

Pretty simple really. You have an asset with an operating loss as well as a likely depreciating loss.

Fact: operating loss… suggestions to date will only reduce or minimise this loss at best. I see no plan nor know of one that will move this asset into an operating profit.

Fact: over 5 years the property has depreciated and you owe more than…[Read more]