Originally posted by dmichie:
The challenge for the RBA and government is to engineer a ‘soft landing’ whereby house prices ease, but we don’t end up with a recession and mass unemployment.

We finally agree on something else!!!! I think they will achieve this though. Watch this space after July Senate take over by the Libs.

I’d much rather you…[Read more]

David, I had to ask you on more than one occasion to stop emailing me. Please do not deny this. Regarding the alias, that was a guess and that person seems to have ceased posting. Go figure!

As for my views, there is no point. You keep regurgitating the same old articles over and over and ignore everyone elses comments. I have told you numerous…[Read more]

Because the agreement was made in advance.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

It is not a personal attack. I am merely outlining facts which I think I am entitled to seeing so many of what I consider your one-eyed economic views and other posts of yours have been directed at me. You also continue to say that it would be better for ‘battlers’ if the economy went the way you want it to. I totally disagree as it will only be…[Read more]

I would guess it is the same seeing NZ is just another State of Australia!!!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

The problem with Somersoft is that there is a ‘group’ mentality. If you disagree with someone in the ‘group’ you have no future there. You get bombarded by all those in the ‘group’ until you leave, cease posting or get banned for a ridiculous reason.

I find PI.com a much better place for free speech (still with a lot of restrictions though) and…[Read more]

David, you are not a battler mate. You are looking to buy a property well over $1,000,000. In my opinion, you are just looking to save your pennies and increase profit. This is a very selfish economic outlook. It seems obvious to me what you are driven by.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

That is the problem David. Your “serious” discussion is looking at one point of view only and discarding almost all others. A “serious” discussion looks at both sides. You continue to fail to do this.

As for being childish, what do you think bombarding someone with unwanted emails was? In any case, I do not see anything in my post as childish. I…[Read more]

Maybe I should have quoted… I meant they were not commodities “dug out of the ground” as you seem to focus on. Australia exports a lot more than you seem to know about.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I must guess that it was a Meriton or Meriton style multi-unit development with lots of lifts, swimming pool, gym, etc… Huge strata rates apply and the odd special levy is required to a decreasing asset.

These things are so bad to buy in areas being over-developed like Sydney, Brisbane and Melbourne.

Some non-conforming lenders won’t touch…[Read more]

Don’t be a hypocrite David. You want home prices to crash so you can get a bargain and also the AUD to crash so you can make a larger profit margin. I would rather see exporters go down than all those who will be effected by your selfish dreams.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Castle, Aussie lenders will calculate LMI premiums on the val in your example. Do they do this in NZ?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Are these the ‘battlers’ you speak off that benefit from decreasing home prices and a decreasing AUD?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

You obviously consider your own product as ‘nothing’. How about the services provided? Aussies working overseas are also considered exports. There are also farmers products, aquaculture, processing of commodities, finished building materials, etc… None of these are commodities.

Open your other eye!

Robert Bou-Hamdan
Mortgage…[Read more]

Sorry about the company title comment.

4 units on 1 title has never been a ‘vanilla’ deal. The majority of lenders won’t touch these as residential but will consider them as commercial. 3 units and below is the safe benchmark.

The reason behind this is that the demand is lower for 4 on 1 title and they are sometimes very difficult to get…[Read more]

Tom,

It is lovely to see you so concerned with your family in the event of your death.

Of coure there is no benefit in having life insurance if you have no family at all. The government gets it.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Maybe they heard that you were looking around out that way and that you were single-handedly going to bring prices down for them so they are waiting for you. After all, their are a lot of first home buyers looking to buy a house on the Northern Beaches!!! (Please note my sarcasm!)

Robert Bou-Hamdan
Mortgage…[Read more]

My point was that the FIRB exists to prevent the sale of all our real estate to other countries.

Your definition of a productive enterprise is also flawed. There are many productive enterprises who are not-for-profit providing a ‘non-tradable’ good or service.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

dmichie, the more you post, the more I want to see our dollar go through the roof to destroy the export markets.

Get over it!!!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Congratulations.

Your obvious enthusiasm and excitement is a much needed breath of fresh air!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links