crashy wrote:

dragun wrote:
Tonight on 60 minutes there was a segment on property prices dropping by up to 40% within the next few years. it does seem a little drastic to throw around figures of 40%.

the stock market has fallen 40% in less than a year !! it's not DRASTIC, it's PLAUSIBLE

Don't forget that the stock market plays out daily and…[Read more]

We bought our 4 bedroom house in Sydney in Oct 2005 for $490k with interest rates around 7%.We cannot currently sell it for more than $460k.This is a nice house in a cul de sac located about 20km from the CBD. Close to a train line, low crime area and lots of schools around etc.Someone made a comment about macro/micro markets. It is true. You can…[Read more]

I haven't played the cashflow game, but I tell you what I have been getting into lately – SIMCITY DELUXE 4.It has taught me a lot about zoning, water requirements, traffic, transport, budgets etc. I can highly recommend it.I'm in the lower north shore and would be interested in joining a cashflow game if anyone hosts one. I don't know how to play…[Read more]