Dale,

You’re a “real estate officer”. Wouldn’t the people who work in your field have many and varied ideas about real estate? Neg gearing as a monopoly idea of RE is about ten years old now. Most real estate people I know are pretty up with all kinds of strategies these days.

kay henry

ummm… folks- who says this decision won’t be replicated in other states?

Presumably this decision relates to properties that we already own. So even if we own an IP in Qld or tassie, a couple of years down the track, we could get the same tax anywhere.

But hg- I’ll still be buying- even in nsw if I wanna. I guess I’ll just be buying properties…[Read more]

There’s a lovely quote on rick otton’s weblog:

“last thursday a lady drops 65k of the house price just so I can give her 19k deposit today to pay an unpaid bill”

http://rickotton.blogspot.com/

Love the way these guys “help” people! [cigar]

kay henry

Here’s some of my hit predictions of a few implications:

* a drop in flips
* buy and hold forever -> less properties on the market -> increasing demand for IP’s. Either that can be made up by new stock. Older, more affordable stock will increase in price for those new to the market who can’t afford the new stuff.
* less stock on the market may…[Read more]

Just to clarify, does this mean we pay stamp duty upon purchase AND upon sale? or only upon sale?

kay henry

mortgage brokers charge fees to borrowers, residentialwealth? I didn;t know that- I thought they worked for credit providers, and got paid by them.

Simon, I remember seeing an article like that before. Would mortgage brokers be obliged to disclose to clients if they have a “special interest” in a particular bank or financial institution? Or is…[Read more]

I agree Steve. I’m always up for debate on the issues. Namecalling is never warranted. I imagine you’ll understand that I chose to quote you when you said a person in any circumstances could become a property millionaire, because there was an inference i was making that up.

kay henry

It is not about “winning”. It is about having a discussion. We discuss media reports from the REI’s, Residex, all over the place- I thought everything was discussible.

It’s all about due diligence. If we get involved in something and things go wrong, we are told (on this forum) that it’s our fault, we were greedy, we didn’t check enough, had no…[Read more]

How would we build roads, schools, hospitals, public transport, if there was no income tax? Guess we could all voluntarily put in a bit each week.

kay henry

Very cute, redwing :o) Thanks for that! [fez]

kay henry

geo

I may be wrong in my estimate of 10 bucks a week (happy to admit if I am wrong

I was thinking about the following scenario- and I’m not good on numbers, so bear with me. (sorry Bear!)

Say a 50k property with $120 rent. With interest, some repairs, landlord protection insurance, rates, and all the costs associated with borrowing (including…[Read more]

Who is saying we don’t want people to succeed, im a god? It’s called doing “due diligence” remember? We’re all told to check and clarify everything we do about RE. We’re told to take personal responsibility and check out claims etc. It’s quite natural to question things, and it keeps us safe. Are you suggesting we should believe everything we are…[Read more]

I remember when the MAP stuff was first shown. The idea was to make “property millionaires” in 1 year. That was then changed some months later to “controlling 1 million of property”- a VERY different concept. Elsewhere on here, in a topic which showed people being ripped off in two-tiered scams, the dominant theme by many, was about people taking…[Read more]

Ohh, it’s ok Ruggy. Acey’s got a sense of [lmao] I am sure he would appreciate the [whip] references even if they are [offtopic]. Sorry for [] you Cel. I just got carried away [biker]

kay henry

Dear Jay,

I have no issue with your tone, nor your words. I don’t see any spruiker making a promise that is not possible, as one better than the other. I have certainly not been an apologist for any guru. I love property, but not sycophancy. And I respect your sentiments, Jay.

kay henry

Originally posted by Celivia:
Pretty happy … Except when you get beaten[whip][whip] Ouch Kay that hurt.

ummm… hello? It’s supposed to!

kay henry

Originally posted by Celivia:
Kay beat me [whip]

[whip] Take it back, Cel- I did not! [whip]

hehe- oops! [offtopic] Can’t have that! Quick- look serious! [hmm]

kay henry

Acey, are you worried about your own “junior member” status? You don’t need to- we all know you are incredibly experienced and knowledgeable about RE because you keep telling us.

Elsewhere, I made a suggestion that we could all lose our stars, as stars are just an arbitrary thing. Certainly, on here, most people (even newer people) don’t give a…[Read more]

crj said:

“There seems to be a fundamental difference between advising someone on the merits of an investment and telling them that the valuation obtained by the bank is for tens of thousands of dollars less than the contract price.”

Exactly. So the banks loan $160k for a property their own people have valued at 110k? Why do they bother getting…[Read more]

Yes, but do we want heat when we buy? A RE agent told me the other day it’s a buyer’s market now, but he would say that [baaa]

kay henry