PropertyInvesting.com | Scamp | Activity https://www.propertyinvesting.com/members/scamp/activity/ Activity feed for Scamp. Sun, 12 Apr 2026 09:45:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b84fb05294335a057b343c29d81ebaa5 Scamp replied to the topic House Valuation in the forum Help Needed! https://www.propertyinvesting.com/topic/4395866-house-valuation/#post-4601752 Sat, 04 Apr 2009 14:16:17 +0000 jaglions wrote:
The house has been valued by the real estate agents to sell around the $260,000 mark. We have just had the property revalued by St George for only $235,000 and rental appraisal of $225 per week.  I know I can sell the house tomorrow for $260,000 and rent of atleast $250 minimum. We live in Toowoomba- 1 and half hours west of…[Read more]

]]> 7914f9a006782fd5b331b722deb685b8 Scamp replied to the topic Valuation comes too low in the forum Help Needed! https://www.propertyinvesting.com/topic/4395578-valuation-comes-too-low/#post-4600252 Tue, 03 Mar 2009 07:32:49 +0000 The property that today is valued at 460K will be valued at 400K in 6 months, and at 300K in 12 months.Can you afford to lose 200K in the next 12 months ?

]]> df1102868cca122c416d2162a389851c Scamp replied to the topic sydney market in the forum Help Needed! https://www.propertyinvesting.com/topic/4395503-sydney-market-3/#post-4599797 Mon, 23 Feb 2009 10:57:54 +0000 Hi Harb, I just posted what I thought about the OP's dilemma. If he is going to buy anywhere, in *my personal opinion* he's best off in Sydney. IP Freely : I don't know which segment you are talking about, but 'my segment' has been stagnant since 2003. ie : not going up more than CPI , which means about 3-4% increase per year. Over 5 years, CPI…[Read more]

]]> 9f6f46832e6034eb105a627f7f23e940 Scamp replied to the topic sydney market in the forum Help Needed! https://www.propertyinvesting.com/topic/4395503-sydney-market-3/#post-4599792 Sun, 22 Feb 2009 11:50:16 +0000 Sydney is probably the least problematic market of Australia. Perth , Adelaide and Brisbane are the worst ones. Sydney houseprices have been stagnant for 5 years ( due to them being overprices in the first place ). In recession times, business goes away from Perth / Adelaide and Brisbane and comes back to Sydney / Melbourne. So yes, if you have to…[Read more]

]]> c3173fd9c57b45c4c9487dfea10b98bc Scamp replied to the topic Stuck between a rock and a hard place. in the forum Help Needed! https://www.propertyinvesting.com/topic/4395470-stuck-between-a-rock-and-a-hard-place/#post-4599479 Thu, 19 Feb 2009 08:31:58 +0000 If you sell your home your mortgage will be released WITHOUT COSTS.Even if you had 20% interest rates, selling the house will NOT cost you a dime. Well.. unless you signed with a dodgy bank or signed a dodgy contract.

]]> e1f7455b5598cd6b4cf53ec2c43a7d48 Scamp replied to the topic global warming "scam" huh? in the forum I believe in "Global https://www.propertyinvesting.com/topic/4395344-global-warming-scam-huh/page/2/#post-4598965 Thu, 19 Feb 2009 08:27:46 +0000 I believe in "Global warming" in that the world's weather pattern is shifting, but I don't believe in the theory behind it. I believe it's a natural phenomena, just like ice ages, and this latter has been scientifically proven ( they have ways to probe these things, from polar ice analysis etc.. )

]]> f6d2070257127b1efa1427033ccce8ef Scamp replied to the topic Is this a sound investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393715-is-this-a-sound-investment/#post-4590210 Thu, 19 Feb 2009 08:22:05 +0000 clubhonda wrote:

Scamp wrote:
Don't invest in property. Stay out of it, don't commit suicide financially. That's the only thing you need to know : Property is something to stay away from, just like shares.Buy gold or save money on the bank, whichever you like, but do NOT buy shares or property.

You reckon the market is going to fall further?…[Read more]

]]> 00d93c9cbfe9a9c1bde92883d81023a6 Scamp replied to the topic What if I made a mistake in buying? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393649-what-if-i-made-a-mistake-in-buying/page/2/#post-4589869 Thu, 19 Feb 2009 08:17:09 +0000 Scamp wrote:

L.A Aussie wrote:
Oh, I forgot; you said to buy gold.Thanks for that pearl.

You're welcome. Gold is still the safest investment in these times. I predict goldprice higher than 1100, possibly higher than 1200 by march 2009 ( write it down somewhere ). That's about 20% increase. Speak to you in January 2009 about that…[Read more]

]]> ea4700939ce6fc42dc961b6917fcc8a6 Scamp replied to the topic Seeking Advice on Unique Situation. in the forum Help Needed! https://www.propertyinvesting.com/topic/4395283-seeking-advice-on-unique-situation/#post-4598559 Fri, 30 Jan 2009 08:25:03 +0000 At first it sounds like a good plan. You seem to be able to make the payments and a house is worth whatever "the next fool will give for it" which in this case means it's worth what you will be giving for it. If you are comfortable with the repayments, then many people say you should go for it. However, if this house is only a dream, why will you…[Read more]

]]> 4b93d693319418c43cfd42f59212bfe8 Scamp replied to the topic Unit Vs House... URGENT HELP NEEDED!! Am considering cancelling the sale. in the forum How does a 22-year old get https://www.propertyinvesting.com/topic/4395219-unit-vs-house-urgent-help-needed-am-considering-cancelling-the-sale/#post-4598194 Tue, 27 Jan 2009 21:45:23 +0000 How does a 22-year old get their hands on 400.000 dollars of debt ?Sorry but there's something really wrong about that picture. Whoever gave you that amount of money should be sued for child cruelty.And YOU should know better than to get a 400.000 dollar mortgage !!

]]> f23df0076fd259ff56620897657fdaf1 Scamp replied to the topic Bubble due to burst... in the forum General Property https://www.propertyinvesting.com/topic/4395231-bubble-due-to-burst/#post-4598311 Tue, 27 Jan 2009 07:40:12 +0000 harb wrote:
For that to happen we'd have to be in a property bubble which we aren't

Harb, you're still in the 'denial' phase my friend ? Most of your colleagues have already passed that phase and are now in the 'angry' phase. You mean to say that 10 to 12 times wages is not a property bubble ? Not to worry harb, you will get a big wake-up call…[Read more]

]]> 16180666c29c77254d1ec2f3d2583f5b Scamp replied to the topic Bill Gates predicts 10 year recession ... in the forum General Property https://www.propertyinvesting.com/topic/4395244-bill-gates-predicts-10-year-recession/#post-4598374 Tue, 27 Jan 2009 07:32:14 +0000 the reason for the bleak outlooks ( and remember that guys like B. Gates are the real smart people, not idiot property spruikers ) is simple : All the money for the next 40 years has been spent already. All your children are born bankrupt, you will be expected to work till you're 75 just to repay your debts and property will halve in price. Many…[Read more]

]]> 40d7096938163fcccd97fa0732fb59a4 Scamp replied to the topic Best advice : Don't invest into property : The australian market is CRASHING. in the forum You can't delete accounts https://www.propertyinvesting.com/topic/4393180-best-advice-dont-invest-into-property-the-australian-market-is-crashing/page/30/#post-4587328 Tue, 27 Jan 2009 07:28:05 +0000 You can't delete accounts apparently. ( or at the time couldn't ). So I just haven't logged for quite a while. I wanted to come back in the new year to see how you guys were doing, because this helps me. I see that the atmosphere on here has changed from the previous euforia and all the "congratulations on buying a new house mate, now get the…[Read more]

]]> d3140a6cf3a2d5c3564c98f38ad1426a Scamp replied to the topic All my warning posts got deleted ? in the forum General Property https://www.propertyinvesting.com/topic/4395226-all-my-warning-posts-got-deleted/page/2/#post-4598257 Tue, 27 Jan 2009 07:23:02 +0000 harb wrote:

Scamp wrote:
Harb my dear, The problem is not convincing yourself that your properties are worth 10 million dollars each.The problem is trying to sell them and finding out that the only offer you get is 200.000.

Then refusing to sell them for less then 10 million dollars each would solve my problem.

Yes, this is what everyone…[Read more]

]]> 8118c24ef390a0147018a3f1e50b5171 Scamp replied to the topic All my warning posts got deleted ? in the forum General Property https://www.propertyinvesting.com/topic/4395226-all-my-warning-posts-got-deleted/page/2/#post-4598253 Mon, 26 Jan 2009 20:59:10 +0000 Harb my dear, The problem is not convincing yourself that your properties are worth 10 million dollars each.The problem is trying to sell them and finding out that the only offer you get is 200.000.

]]> 96847f4b958f32967a67b04b5206616b Scamp replied to the topic Just bought in a Mining Town in the forum General Property https://www.propertyinvesting.com/topic/4394387-just-bought-in-a-mining-town/page/2/#post-4593724 Mon, 26 Jan 2009 10:01:57 +0000 devo76 wrote:
I remember my grandparents house in Broken hill sold for $30,000 about 8 years back. It was probably the best in the street but they were the last to leave. You could get one in the street for under $20,000. If this happens again. I will consider buying and boarding it up for the next boom. There will be a next boom. Got to get in…[Read more]

]]> 9cdc4cc58e7d300c0e39a375ef564cae Scamp replied to the topic Bubble due to burst... in the forum General Property https://www.propertyinvesting.com/topic/4395231-bubble-due-to-burst/#post-4598304 Mon, 26 Jan 2009 09:59:07 +0000 harb wrote:
Say it ain't so and prices have not doubled in the past 7 years.

Houseprices, under normal circumstances, double every 10 years. Noone said they don't.The explanation is simple : Inflation. Everything doubles / triples / quadruples every 10 years. My income in the last 10 years has quadrupled for instance. Did I do particularily…[Read more]

]]> 881407b5dae063f03a68bfb3d3b007fe Scamp replied to the topic All my warning posts got deleted ? in the forum General Property https://www.propertyinvesting.com/topic/4395226-all-my-warning-posts-got-deleted/#post-4598251 Mon, 26 Jan 2009 09:46:23 +0000 Many of the houses I track have 'sold' and 'under offer' and 'successfully sold at auction' just to reappear under another add 2 days later, FOR A LOWER PRICE. 'sold' my ass… Instead of deleting the add and recreating it, they just fake the statistics by putting 'sold' on it.It's all a big scam, and it's all falling apart. And Harb, I feel sorry…[Read more]

]]> 5a6c789dd587e090fca9f075a9c2fea8 Scamp replied to the topic Best advice : Don't invest into property : The australian market is CRASHING. in the forum Help Needed! https://www.propertyinvesting.com/topic/4393180-best-advice-dont-invest-into-property-the-australian-market-is-crashing/page/30/#post-4587321 Mon, 26 Jan 2009 09:33:23 +0000 Ah here's the post. /bump

]]> 4b5966493ea15f62441ef99fdaf4e48f Scamp replied to the topic Need advice on current investment property issue. in the forum General Property https://www.propertyinvesting.com/topic/4395204-need-advice-on-current-investment-property-issue/#post-4598137 Sun, 25 Jan 2009 09:54:26 +0000 Hi Harb,I feel some negativity from you. I hope your investments are doing well. But don't be angry at me, I warned you a LONG time ago this was about to happen. Even gave you the exact dates too… Greed is a powerful addiction.

]]> 34be841aefe3471c4dae6493aa486e93 Scamp replied to the topic Need advice on current investment property issue. in the forum General Property https://www.propertyinvesting.com/topic/4395204-need-advice-on-current-investment-property-issue/#post-4598135 Sun, 25 Jan 2009 02:08:23 +0000 btw, it will take at least 10 years before your prices return to current prices. I'm just talking about the bottom of the market between 2011 and 2021, not the return of 2007 prices, that will take much longer.

]]> 47200e0088b57573f761ea8ec9128195 Scamp replied to the topic Need advice on current investment property issue. in the forum General Property https://www.propertyinvesting.com/topic/4395204-need-advice-on-current-investment-property-issue/#post-4598134 Sun, 25 Jan 2009 02:07:23 +0000 The property market will not go back up until at the very least 2010. This is a very optimistic already. Expect the housing market to bottom out around 2011-2021, depending how much the government is planning to mess with this crisis. The more messing , the longer it will take. Average houseprices = 4* average income.Sydney average houseprices =…[Read more]

]]> e7da272a35591b1d3dbad5a7a1e3c8fb Scamp replied to the topic Just bought in a Mining Town in the forum General Property https://www.propertyinvesting.com/topic/4394387-just-bought-in-a-mining-town/page/2/#post-4593720 Sun, 25 Jan 2009 02:02:08 +0000 I wonder how stu_macca's investment properties are doing now.I guess the dropping dollar didn't magically add 30% to the profits of the mining companies after all , did they ?Sincerely though stu I hope you're doing ok m8, I don't wish misery on anyone : Let us know how you're doing please.

]]> b116f4fab179595258c6383918a194fa Scamp replied to the topic What would you do???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395216-what-would-you-do-23/#post-4598179 Sun, 25 Jan 2009 01:32:45 +0000 Building now you can get 30-50% off the price of tradies. Tradies are DYING for work, and you can get your house cheaper than ever. Also commodities have come down so raw materials are cheaper. I think now is a good time to buy if you have the cash and means. Don't buy anything , wait till at least 2010 at least. Depending on which intervention…[Read more]

]]> 6572cffb231f697600b38aa5e3328b08 Scamp replied to the topic WARNING: Investors with property in mining areas... in the forum General Property https://www.propertyinvesting.com/topic/4395196-warning-investors-with-property-in-mining-areas/page/2/#post-4598063 Sun, 25 Jan 2009 01:22:37 +0000 Agreed with Crashy. This warning comes 2 years too late Steve…There were others ( including me ) who said this would happen over a year ago. We even explained why it would happen and how long it would take before we would see the results.Our warning came 1 year ago and predicted this thing to the exact month ( January 2009 ).

]]> 751e6d4537f27264e7816b13e6d6c96e Scamp replied to the topic Advertising Billboards As An Investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4394873-advertising-billboards-as-an-investment/#post-4596361 Sat, 06 Dec 2008 09:31:30 +0000 [Edited for offensive and irrelevant content]

]]> c461e767d3432d6c29089894caf87ffd Scamp replied to the topic Where is the bottom in the forum General Property https://www.propertyinvesting.com/topic/4394827-where-is-the-bottom/#post-4596083 Sat, 29 Nov 2008 20:49:40 +0000 the bottom of the propertymarket will be when property prices dropped 50% from 2007 high prices. when that is, noone can say. Depends how much money the government is going to spend delaying the inevitable.Initially the bottom would have hit around 2009. The bailouts have now delayed that to mid 2010. Maybe some more bailouts or law changes will…[Read more]

]]> 29293667632cf774dd71daad9c6a87c8 Scamp replied to the topic Perth/Australian house prices during great depression in the forum General Property https://www.propertyinvesting.com/topic/4394811-perthaustralian-house-prices-during-great-depression/#post-4596005 Thu, 27 Nov 2008 13:41:06 +0000 why ask for historical data when you can have data in the future ?in 2010 , houseprices will be back to 3 times average income, which means average home will cost 120.000AUD$ – 200.000AUD$, depending whether you're in sydney or not. Anyone who questions this is biased or has a property already and doesn't WANT the prices to come down. Just wait,…[Read more]

]]> 1018a0f81819145a28ffc7816b2afd1d Scamp replied to the topic To Sell or Not to Sell???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394679-to-sell-or-not-to-sell-18/page/2/#post-4595416 Wed, 19 Nov 2008 15:01:05 +0000 what you should be worried about negative gearing, in particular the fact that it won't exist for much longer.Can you still afford it then ? If you can't you obviously are in deep trouble.

]]> 188f79d271e9079eca964b910e54ed4d Scamp replied to the topic To Sell or Not to Sell???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394679-to-sell-or-not-to-sell-18/#post-4595410 Tue, 18 Nov 2008 08:54:40 +0000 James62 wrote:
What do other investors think? 

what I think ? I think you should have taken my advice 6 months ago when you could still have sold your house for 360K. Houseprices will fall 50% overall. Some might drop only 30% , some will drop 90% or even a 100% ( you will be able to buy it for 1 AUD$ ). Yes, that's what I think. Read my…[Read more]

]]> cfb8267b40a424cda8ee2b8fce72048f Scamp replied to the topic Should I be buying now? in the forum devo76 wrote:All crap aside. https://www.propertyinvesting.com/topic/4394352-should-i-be-buying-now/page/5/#post-4593555 Thu, 09 Oct 2008 22:26:11 +0000 devo76 wrote:
All crap aside. These are very interesting times and if you are under 30 you are about to see a environment that who have not seen before. Am i worried. Yes. It would be stupid not to be. Am i happy with my position. Yes. I have a good buffer,secure job,50% LVR and loans approved to buy more if a bargain appears.Fact is life goes…[Read more]

]]> 5543d1de047d24e5da0804ad20a36535 Scamp replied to the topic what does a 1% drop in rates do for us? in the forum General Property https://www.propertyinvesting.com/topic/4394401-what-does-a-1-drop-in-rates-do-for-us/#post-4593892 Thu, 09 Oct 2008 08:43:17 +0000 harb wrote:

Scamp wrote:
yep , me too, positive about the sharemarkets in the future. Much more money to be made on shares than on property. Renting and investing is a much better option than buying a property.

And how would you go about investing in the sharemarket if you had no money ?

Quote:
You cannot invest what you don't have. Banks…[Read more]

]]> 8a2ec7ad28fb53cb6cf31523801e4b1a Scamp replied to the topic what does a 1% drop in rates do for us? in the forum General Property https://www.propertyinvesting.com/topic/4394401-what-does-a-1-drop-in-rates-do-for-us/#post-4593891 Thu, 09 Oct 2008 08:40:42 +0000 god_of_money wrote:
Hi Kevin… That is what exactly I was doing over the last 12-18 months pluging cash into PPOR loan.. my understanding the market has changed and in the current market… as IR is falling  and dividend yield is more appealing in the next 12months.I still don't understand why people are selling while the market is c…[Read more]

]]> f0b8fb6c2adb6b4248b219778141aa24 Scamp replied to the topic Just bought in a Mining Town in the forum General Property https://www.propertyinvesting.com/topic/4394387-just-bought-in-a-mining-town/#post-4593699 Thu, 09 Oct 2008 08:34:30 +0000 stu_macca wrote:
Must admit that one confused me Scamp.  Just looks like a straight 30% margin gain.  Reduced demand for steel caused by a recession could be a worry though (lots of coal gets used in making steel).  Still, 80%+ of our energy generation comes from burning coal (unfortunately), and China still seems to have an insatiable ap…[Read more]

]]> 5a5785a9174d6a7593ee603a65b65ded Scamp replied to the topic what does a 1% drop in rates do for us? in the forum General Property https://www.propertyinvesting.com/topic/4394401-what-does-a-1-drop-in-rates-do-for-us/#post-4593885 Wed, 08 Oct 2008 12:05:03 +0000 god_of_money wrote:
I am confused…. interest rates on the way down.. with prediction of some economist predict further cut next year…Used to be lots lots of bullish comments about investment when the interest rates reaching its peak…bla bla bla long term value…dividend yield 10% and rental price still on the way up (better than 3-4…[Read more]

]]> 6c9910e95eb423b5e550adb633a0b1cf Scamp replied to the topic Just bought in a Mining Town in the forum General Property https://www.propertyinvesting.com/topic/4394387-just-bought-in-a-mining-town/#post-4593695 Wed, 08 Oct 2008 11:58:41 +0000 Ajax wrote:
Scamp,explain your logic here"AUD has fallen 30% already over the past few months. It will drop more because of the interest rate drop. This is 30% less profit for mining. "If the AUD has fallen by 30% and continues to fall then all other things being equal mining revenue received for contracts priced in $US commodity prices would…[Read more]

]]> 34cef5ec9f90420262767feea9333744 Scamp replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/3/#post-4593782 Wed, 08 Oct 2008 11:54:49 +0000 CHIS wrote:
Other countries in the world are on a totally different economic cycle to America. America sent itself broke on needless wars and ridiculous lending to sub primers.Russia is boomingAsia is boomingAustralia is booming

oh.. wait a minute. Russia is booming : Is that why they stopped trade on the sharemarkets twice because they were…[Read more]

]]> ec9c1d3245d9d2e42796ddbb98ede7ef Scamp replied to the topic what does a 1% drop in rates do for us? in the forum General Property https://www.propertyinvesting.com/topic/4394401-what-does-a-1-drop-in-rates-do-for-us/#post-4593883 Wed, 08 Oct 2008 08:39:47 +0000 yep , me too, positive about the sharemarkets in the future. Much more money to be made on shares than on property. Renting and investing is a much better option than buying a property. Why lose 50K a year and even more on capital losses, if you can make 100K a year with the same investment ?Doesn't make a lot of sense to me. I'd rather invest my…[Read more]

]]> 965d65801fb4216217577f00b096eda1 Scamp replied to the topic Should I be buying now? in the forum ErikH wrote:My views: The https://www.propertyinvesting.com/topic/4394352-should-i-be-buying-now/page/4/#post-4593538 Wed, 08 Oct 2008 08:34:35 +0000 ErikH wrote:
My views:The 30% drop in AUD had NOTHING to do with interest rates, but everything with the carry trade unwinding, that is institutions borrowing in low interest JPY and investing in high interest AUD/NZD. These trades were unwinding because of risk in the financial markets as a result of the credit crunch. This became a self…[Read more]

]]> cece67ff32f22ca8d15b4d42999d06a4 Scamp replied to the topic Should I be buying now? in the forum General Property https://www.propertyinvesting.com/topic/4394352-should-i-be-buying-now/page/4/#post-4593535 Tue, 07 Oct 2008 22:03:10 +0000 mortgage resets are a problem. The fact that it's not visible yet means nothing. Everything takes time. The fact that the US dollar has risen has to do with the offselling from hedgefunds as requested by ( amongst others european ) banks. This is done in dollars which will be shed very soon. The dollar is plunging , and will plunge much deeper.…[Read more]

]]> f4b9fa486b7d93a829f99dbb15fb9a7a Scamp replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/#post-4593801 Tue, 07 Oct 2008 21:42:16 +0000 C2 : Before 2000 property wasn't overpriced. 16% ? wow.. but you bought at 3 times wages , so you can't compare with today. The problem is that wage to property price is out of sync. This is the first time ever that it happened, and it will be the first time even that it crashes ( see US / UK / Ireland / Spain / New Zealand / France / Australia…[Read more]

]]> 10bdcbeb6bfe4f80b9554716c7e2d02f Scamp replied to the topic Shortfalls? - How to have 10 properties and fund them all. in the forum Help Needed! https://www.propertyinvesting.com/topic/4394250-shortfalls-how-to-have-10-properties-and-fund-them-all/page/2/#post-4593024 Tue, 07 Oct 2008 21:31:24 +0000 C2 wrote:
SCAMP,I think you need to use another example rather than Japan and can you validate the source of your figures as they appear to be highly over exaggerated.   If you can quote the source I can notify them and get them to correct their information.Remember : In Japan house prices have been DROPPING 70% total value over 10 years. T…[Read more]

]]> 1338fef2a22dde67653b4f0878e7a742 Scamp replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/2/#post-4593772 Tue, 07 Oct 2008 16:03:19 +0000 CHIS wrote:
Scamp, you sure are a panic merchant. What's it like living in fear? Man up

I don't live in fear. I have made cash on the housing bubble myself. Luckily I didn't invest in shares because I saw that bubble miles away too. The ones who live in fear are the ones with mortgages and / or big debts.I could retire if I wanted to ( that was…[Read more]

]]> 012e3569edbeef1b977f1bae316d9a14 Scamp replied to the topic Should I be buying now? in the forum Ummester : The reason the https://www.propertyinvesting.com/topic/4394352-should-i-be-buying-now/page/4/#post-4593531 Tue, 07 Oct 2008 15:01:48 +0000 Ummester : The reason the RBA dropped by 100 basis points is that they don't want the resetting mortgages to cause a rally of foreclosures like in the USA. ( you remember , I told everyone on here a few months ago that from September 2008 until July 2009 mortgages would reset from their low interest rates of 6% to the 9% interest rates ). The sad…[Read more]

]]> 9250a961a919a622c2aacfbb2292e6ab Scamp replied to the topic Rents going up.... Rates going down... in the forum Help Needed! https://www.propertyinvesting.com/topic/4394395-rents-going-up-rates-going-down/#post-4593842 Tue, 07 Oct 2008 14:53:52 +0000 Oh sorry… Is this forum only for people who think houseprices go up ?

]]> db7a75513e5cba9250fd2eafcbb71bd4 Scamp replied to the topic Rents going up.... Rates going down... in the forum Help Needed! https://www.propertyinvesting.com/topic/4394395-rents-going-up-rates-going-down/#post-4593840 Tue, 07 Oct 2008 12:59:19 +0000 Get your champagne bottles out guys ! Apparently we should be buying property again !Soon your tenant will pay your interest repayments ( erh.. that's 50.000 ) from his 40.000 dollar wage.oh.. wait… that's what happened in America. Oh no.. maybe leave your champagne bottles out for a year more and then see again before we all start cheering.…[Read more]

]]> e11c41b5a9469bc86b87eaee006df322 Scamp replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/#post-4593798 Tue, 07 Oct 2008 12:56:52 +0000 CHIS wrote:
Australia has mass immigration. All our capital cities have urban sprawl. WA is being bulldozed for housing. House prices will not plummet because their isn't enough of them. It isn't America. Interest rates came down 1% today. The sooner you get into property the sooner your life gets going. The sheep are scared. The Lions are…[Read more]

]]> f60dcfc92e73d375b43f6a94aa6a42b9 Scamp replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/2/#post-4593770 Tue, 07 Oct 2008 12:54:05 +0000 foundation wrote:

gibbo1 wrote:
You state that prices are falling, the house in question is located in Perth. Perth has some suburbs that are falling, some that have fallen but have started to turn around, some that are pretty flat and others that have continued to increase (although at a decreased rate) during this whole cycle.  I think its i…[Read more]

]]> 76d376cfa3dd53aefe802042c008fe75 Scamp replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/2/#post-4593769 Tue, 07 Oct 2008 12:48:44 +0000 Macnatt wrote:
I disagree with Scamp about massive job losses in the mining industry. The mining boom is underpinned by the asian markets which have esacped the financial meltdowns of  the US and Europe virtually unscathed.

You clearly do not know how the Asian market works. Asian markets do not come out of this unscathed. In fact , yesterday…[Read more]

]]> a567119126c9cedc80399365598ec739 Scamp replied to the topic Just bought in a Mining Town in the forum General Property https://www.propertyinvesting.com/topic/4394387-just-bought-in-a-mining-town/#post-4593692 Tue, 07 Oct 2008 12:36:46 +0000 Stu macca, read some of my other posts, especially the one about RBA having dropped the interest rates by 1% and the real reason to do this ( mortgage resets ). AUD has fallen 30% already over the past few months. It will drop more because of the interest rate drop. This is 30% less profit for mining. Also , commodity prices have crashed about the…[Read more]

]]>