I am amazed at you guys. Anyway, I have spent more than enough time discussing an irrelevant US written article. It is a what if article which is not based on the Australian economy.

I wonder why you left out this bit Foundation?

“This point is more relevant now in the U.S. than it has been before because of the sudden recent rise towards 40% in…[Read more]

No Richard. I have NEVER seen that happen!!!

Thank the lord I have made the decision to not actually write loans anymore. The closest I will come is providing advice and referring the business to local brokers.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by foundation:
Stagflation is merely a situation where an economy slows and prices rise.Merely? Rising consumer prices but an economy that cannot sustain wage inflation while redundancies increase?[blink] Far from rosey IMO.

My use of ‘merely’ refers to the definition of the word, not the effect.

As I previously pointed out,…[Read more]

That is good to hear Felicity. Although I do not know his teachings, I have heard he has a very strong following which I doubt would exist if he took part in fraudulent activity.

Groms, if you are so keen to buy this property, why don’t you just go get a credit card for the shortfall? We are talking a maximum of $8,000. The higher interest is a…[Read more]

dmichie, that article does not support your claims. Why do you persist in posting it over and over and over again?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Surely you are not serious with this bank idea??? Bank returns are lame in comparison to what other investments are available.

I would also like to understand why a decline in building approvals would guide you to selling all your property in a flat market (where you wear the loss of equity over the last 18 months plus). A decline in building…[Read more]

I apologise for the typo. You are correct at 3%.

So where is support for a decrease in property prices of 45% over the next 12 months?

I don’t see any evidence of doom and gloom or bubbles bursting.

Just regarding your comment about the March increase having ‘such a big impact’, can you please explain where this is evident?

Robert…[Read more]

Yes. The lender may be concerned with you being provided with an over-inflated building contract in which you will receive a cash rebate from your relative. A simple solution to the problem would be to ask the lender if they will let your relative do the work if you can organise an independent fixed price quote for the work.

Robert…[Read more]

Stagflation is merely a situation where an economy slows and prices rise. May I ask what evidence of this you have seen?

Who is advocating a further 45% drop in property prices??? Certainly not me!

The US is certainly heading for stagflation in my opinion.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I was of the understanding that stratum title gave freehold ownership of the unit but not the common areas which are held in a company name. Also, foreclosure is an American thing.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

The problem here is that you already told us the increased offer is to get a larger loan. Tell Rick this and I would be very interested in hearing his response. I doubt he will tell you that this is legal.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

It can cost a fortune to run a seminar. They don’t make all fees as profit. I would say it depends on who is running the seminar and the content.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

It seems a rather long post of mine was removed by some over-zealous moderator. The target must be back on my forehead AGAIN.

Anyway, I hope some of the doom and gloomers took note of the lack of interest rate increase today and the positive comments regarding the short to medium term economic outlook. If properties were to drop a further 45%, I…[Read more]

I am extremely content with the ANZ Bank. Their online banking is exceptional and I love it that you do not need to fill in any forms when depositing funds – they just swipe my card and I rarely see a queue. Also, they have a great transactional offset account if you decide to get a home loan.

Your decision should also be based around your…[Read more]

Originally posted by Terryw:
Robert

You asked me to explain how a cashbond improves serviceability.
I did this.

Sorry Terry, but I don’t believe this was done.

You then insult me and claim I tell my clients “these high-risk, and sometimes illegal, crazy structures.”
I don’t. I merely explained a strategy that one financial planner has been…[Read more]

If the Australian economy has demonstrated anything since the early 90s, it is that it is extremely resilient. It does not follow world trends with nearly as much impact. I believe this is as a result of good economic management and consumer confidence, amongst other things.

I have not seen your links to over a dozen Australian articles but would…[Read more]

Very well said Dan.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Kerri, not many of us like to publicly annouce who has the best of each product. The problem with doing this is that many people reading these forums think they can do it themselves and take the information and go direct. They then come back to a broker when things are in a mess. The greatest value in using a broker is not finding the best product…[Read more]

If all the keys are still working, you just bent the frame of the laptop. Any service centre should be able to remove the keyboard and bend the frame back.

One of my laptops was in a car accident and experienced a similar thing from the impact. It still works fine.

As long as everything else still works, you should not be worried about it too…[Read more]

Renting is usually always cheaper than buying unless outside a city or regional area assuming an 80% LVR is used.

You said that by selling you crystallise profits. By selling now, you also lose the 20% odd correction that occurred in the last 18 months. You must also pay tax on your bank interest and inflation will also eat into these funds. At…[Read more]