Thank again
adam

Keep us updated on your progress. I’d be interested in whatever you develop…[Read more]

kong71286 wrote:
What Lies Ahead for the Australian Residential Property Market? Quite an interesting article by Bill Zheng, who believes Australian Residential properties will do quite well during the next 10-20years, for the…[Read more]

Unless you have a tertiary qualification in maths or economics my guess is you will struggle with the formula. It’s certainly out of my league. However a few links that may…[Read more]

Yeah I had a quick look thru it. Your typical bank drivel. Now that they’re faced with irrefutable evidence property is falling they’re taking a more neutral position and trying to sound as if they know what they’re talking about.…[Read more]

Another pump and dump thread from an industry insider.

Things a bit slow at the office Mark

If his views are independent I’m a monkey’s uncle. The guys…[Read more]

I’m not comparing banking systems. The comment I made reflects sentiment in some areas that poor lending policy by banks IE lending at 100% in some cases, is similar to the US toxic mortage scam.

PI’s here still don’t understand…[Read more]

You’re going to buy an IP (wrong term I think) that will cost you $15k/yr approx to hold onto. You think if you can get away with a 10% rent increase year on year for 5 yrs it may get to be cash positive. Meanwhile its cost you around 70k to achieve this.

Then we’ve got a property market with more downside risk…[Read more]

I’m not sure what you mean – can you elaborate for me? The site was just redone a few weeks ago.

The domain name is listed at WOT (Web of Trust) as malicious.

http://www.mywot.com/

Enter your URL in the search box and you’ll see your WOT rating.

Jack

Who told you that rubbish. FiFo’s tend be temporary workers on contracts to particular projects. Their families would prefer to live anywhere but the Pilbara. FiFo’s can’t wait to get out of the…[Read more]

Jack

Karratha has minerals and more importantly energy as the drivers of that locality. Energy is the key there to long term sustainability however a downturn in ore will could see it pull back from boom time highs.

Port Hedland is a whole different…[Read more]

We face a bigger problem now and we will pay a higher price” than in 2008, says Nassim Nicholas Taleb, author of Fooled by Randomness .

“The structure of the problem has still not been understood,” Taleb said today at a press conference in Ukraine. “We haven’t done anything constructive in 3½ years. Nobody wants to do anythin…[Read more]

It is highly unlike you will ever see in your lifetime a boom like the last few decades. We’re coming out of one of the largest credit bubbles in global financial…[Read more]

Patience!….. the most important skill you’ll ever learn in investing.

What you’re seeing at the moment is just the beginning. It’s the consequence of a very nervous public who see big trouble on the horizon. The slow side of our 2 speed economy ie; anything not related to resources, is under mounting pressure. Our high…[Read more]

Regards
Michael

Michael’s right and you have all the time in the world. The global economies are in a real mess and cash is king. The big crash…[Read more]

On top of this BHP require 6000 beds in Hedland over each of the next three years to house their workers with major expansion projects planned to the Hedland port facilities and a commensurate increase in rail operation into the town of Hedland. At the same time there are plans for only 200 additional beds in Hedland at the moment. (when…[Read more]

So lets look at some REAL figures not airy fairy BS stuff plucked out of thin air.

Your real buy cost is closer to $350K

Your real sell cost less expenses 460 – 45 = $415k

Leaves approx $65k gain over 5 years.

You haven’t stated if its positive or negatively…[Read more]

Yes it is. It’s in the declining house prices, the doubling of properties for sale and the low turnover.

Anyone with half a clue knows that this is something different…. you can almost feel it.

Jack

Says a lot that stat.

Jack

Sydney is a service centre…[Read more]

It’s irrelevant what Nathan has paid for it. Cairns is highly dependent on tourism and that’s…[Read more]

From the Mish

More on the Coming Wave of Foreclosures
Posted: 17 Sep 2011 02:30 PM PDT
In response to Mortgage Default Notices Surge 33% Nationwide, 55% in California, 200% by Bank of America; Corresponding Jump in Foreclosures Will Follow Patrick Pulatie at LFI Analytics writes ….
Hello Mish,

This is what was expected, and the…[Read more]

And I thought I was being concise and to the point.

I don’t join forums to make friends so I can therefore be more…[Read more]

Not sure if you’ve seen John Reed’s site. He critiques the so called guru’s. RK’s there with an extensive analysis that’ll explain why you’re struggling with some of his waffle.

further…[Read more]

Port Hedland

I find obsessive’s tend to loose their subjectivity and impartiality. Obsessive’s continue to work at something r…[Read more]

What about shares/? they are still low and returning good yields. banks shares are returning aroun 7% before franking credits. lots of up potential

Sorry Terry but I have to disagree.

Bank stocks are trending down.

ANZ Bank [ASX: ANZ] is down 2.56%…

Bendigo & Adelaide Bank [ASX: BEN] is down…[Read more]

I’m also in the Pilbara. I’m afraid I don’t share your enthusiasm over the long term outlook for mining. Mining itself will continue however the high demand for workers is about expansion and construction not mining itself which em…[Read more]

1960 – 1972 = 12 years
1972 – 1975 = 3 years
1975 – 1983 = 8 years
1983 – 1988 = 5 years
1988 – 2001 = 13 years

The average inflation rate for the period 1960 – 2006 was 5.47%. A net CG average of only 3.23%. When you include…[Read more]

See data here: http://www.retireonproperty.com/propertyinvesting/research/australian-property-prices-since-1960.html

You’ll notice that from 72 -75 (3yrs) house prices doubled – now look at the inflation rate for those years. Peaked at 15.23%

This simple compound…[Read more]

The US again is near out of money with less than $45B supposedly left in the public purse. More debt ceiling madness coming and more debt.

Wonder of all wonders. The Senate approved another $500B without so much as a wimper. That’ll last about 4-5mths apparently. $100B is earmarked for the Afghan war.

Some news from The 5…[Read more]

http://www.shadowstats.com/

Obama’s new Jobs Act solution is nothing more than a pre election stunt. Expect to see much more of this rubbish leading up the long and painful US Presidential Elections. There is zero chance this…[Read more]

Its how people manage a sisuation not how they got there money.

Trump never managed things very well as is evident from his many run ins with the bankruptcy courts. He was invariably saved by advisers and his large stake in each game. He lost much of his share in projects as forfeiture to stave off bankruptcy.

Packer also is…[Read more]

You need to know the companies market focus and business plan for the next however many years they’re planning out to. If you decide to head in a direction contrary to Co’s current direction then you would have to make a corporate business case for a change of direction.

When pitching to…[Read more]

http://www.johntreed.com/BSchecklist.html

Develop these skills and you’re halfway there At least you’ll know who to listen to and who to avoid. A few here I could name but I’ll leave you to figure them out. Good practice.

Jack

You have a business with a 530k loan that puts $45k in your pocket every year and pays loan costs of 6k per mth.

And you want to replace that with an IP. Show me where you can get an IP in this market that does even close to your business figures for the capital involved.

Extremely hard to make an IP worth more – all have…[Read more]

I’ll save the wink and point the finger for you. No GPS required.

So what would my advice be to a young fella with a young family who’s reasonably comfortable at the mo. There was an old american guy, 90’s I think who recently died.…[Read more]

In saying that though there’s no way I’d take on someone else’s failed project.

When you do your own development from the ground up you learn a lot and are thoroughly…[Read more]

The FEDs with their massive QE programs and near zero interest rates haven’t made any difference to the US property markets. Our problem is that we are maxed out on credit. Australian…[Read more]

I think you have the wrong disaster scenario there Engelo. You can hole up in one of the several empty IP’s you…[Read more]

I’ll be sure to pass that onto the Irish, the POMs, the Greeks, the Spanish, the Yanks, the Europeans and the 100’s of Aussy mortgage holders going under every month. They obviously haven’t heard yet.
Jack

What’s the old saying “ignorance is bliss”. You have absolutely no idea what’s coming do you. I wouldn’t be worried about buy shares if I was you. You won’t be able to buy a bag of popcorn when this…[Read more]

I think I’m mightily outnumbered by the buy buy buy crowd.

So I take it your expert advice is to buy into a falling market. I can see why you’re a…[Read more]