"The ANZ has recently said that we are just around the corner of a new housing boom"Did you know ANZ is one of the first banks that are going bust if the housing market keeps slumping ?Ofcourse they will say there's a boom upcoming. Did anyone ask them where they will find the buyers ?Oh wait, buyers aren't important in a housing market, only the…[Read more]

It's a shame that property investors gone wrong never bother posting here, it would certainly fire up the discussion. I'm not going to elaborate on why the property market is crashing, suffice to say that it will crash much harder and faster than anyone expected ( well.. except perhaps me ), and don't expect a minimal 10% or 20% drop, expect 50%…[Read more]

Sav wrote:
What can you buy with 150k?

There's plenty of houses for sale for 150k.

Hi Matt, Yep , I can help if you want. First, a few anecdotes : – If it sounds too good to be true, it is not true.- Money never comes easy.- The only way to make money is to work for it. ( even a scam takes a good amount of work )Judging from your post, I take it you are interested in investing in property. Investing in property is very easy.…[Read more]

You're asking the wrong question. The right question is "How much should I borrow to be able to safely survive a depression ?" The answer is well-known : maximum 3 times your gross wages. So if you earn 50.000, you should borrow MAXIMUM 150.000$, and make a deposit of 15.000$ cash.

ofcourse you can't see the property, ofcourse you can't advertise before the place is yours.The place is not yours until settlement. You are harrassing the current owners.How obvious is it that you are the wrong one here , and not them ?They LIVE there.. You act like YOU live there ??

Stressed borrowers conned out of homeshaha. That's funny. What do they do to 'con' these stressed borrowers ? They offer them fair market value, which is 50% of what these idiots paid for their houses, which is the reason they are 'stressed borrowers' in the first place. If you can't afford a house, don't buy one. If you buy something at 200%…[Read more]

Sell.The market will keep going down until at LEAST 2010. Then it will stagnate for years.You will not get back your money , you can only lose more money the longer you wait. Get a quote, then put it up for sale at 20% under that quoted price if you want to have viewers. If you just want to put it on the market for the next few years without…[Read more]

A flip… in this market. Please don't resort to crime after you go bankrupt.

Peaknik : I agree 100% with your post. Great advice.

RobL wrote:
I generally try to stay out of the chicken little discussions … *Cut the useless info*

Hi RobL, thanks for sharing your invaluable time with chicken littles like us.Hm.. after cutting out all the useless info, there's nothing left. What was it you wanted to say ?

The domino effect is there. People just don't see how exactly it will come into effect because they think that houseprices only go down if people are forced to sell . Here's an outlay of the problem :- It starts indeed with 1% of the people who HAVE to sell- Together with a HUGE supply of housing, and a HUGE lack of buyers, house prices for people…[Read more]

L.A Aussie wrote:
Rather than just keep stating the obvious, give the forumites a few strategies that will teach them how to invest successfully in the times ahead.

You're right. I think it's obvious now. Hm. Investing successfully in the times ahead :- Buy alternative energy funds ( solar / wind / geothermal technologies )- Buy bank shares at…[Read more]

http://www.news.com.au/story/0,23599,23947854-5007146,00.htmlA good summary of what's to come ( and what I posted 2 months ago ).

Rudd said "I will fight inflation at all costs". Just look it up. Also , any country with a reasonable view on the future will fight inflation. The steps that the FED has taken so far have led to financial TERRORISM. Just look at this : USA heading for hyperinflation : http://www.bloomberg.com/avp/avp.htm?N=adv…VkI8WexWY2M.asf Worse than '94…[Read more]

What were your reasons to buy that IP ? What maths did you do , how did you intend to make money on the property if your rent is less than your payments ?

yarpos wrote:
the immigrants I work with from UK, Singapore, HK and Sth Africa are wealthier than me ,  they can do what they choose to do and arent struggling for 5 months let alone 5 years.   The situation isnt as black and white as you present,  some actually do come with millions…some with 5c.   You may not be seeing the effect in SA but i…[Read more]

bardon wrote:
Why do you think that the US Fed has chosen not to act on inflation in the US in fact they are doing the opposite you have a situation where IR's are way lower than inflation and only last week the Fed yet again failed to act ?

Hm. Well that is the most difficult question to which there is not 1 good answer I am afraid. I…[Read more]

ItalianDragon wrote:
Also too many times, I hear about the immigrants.From what I have seen I can guarantee you that only a very very small FRACTION of them is able to pay a LITTLE mortgage AFTER at least 5 years since they get in the country. For most of them the first 2 or 3 years are just a struggle and usually most of them come from poor…[Read more]

Answer: Cheap properties : your earnings are made from rental incomesExpensive properties : your earnings are made from equity incomesLike michaelparis said : need more info for some real advice. At this moment however, is not a good time to buy anything.