Personally i’m disappointed with this. This site is going through changes, yes marketing/cash flow etc.

I have enjoyed the discussion posts, I just hope this strategy doesn’t cost negatively in the future for Steve and Dave. Good marketing is about creating desire if you are good at what you do people will buy regardless.

Why do you need to lead…[Read more]

Hi Obiwan yes but,

Does the suburb have a wow! factor. There is a huge difference between greenwich and Hunters Hill.Kate Blanchit just paid 10mill in Hunters Hill. ROI on the top end is CG. Potts Point is still going through the roof, because it caters to a certain market.

Where does Lang Walker live and all our other aussie heros etc. Remember…[Read more]

Hi Ausrop & Obiwan good points,

IMHO due to a recent trip out west last week (sydney) i notice two types of housing. Single storey and two storey, both of which are built on postage stamps.

Our housing is becomming tackey and minumalistic. The houses are so close together that you can hand soap to your neighbours through the bathroom…[Read more]

So DEVIL now that you have established that, what are your beliefs on how you are going to create wealth, and what do you think about the gen.x’s.

regards Phil

Obiwan, just two points mate …

1. I think per head of population stats are a joke and should not be used.

2. Don’t blame the BB’s mate because the gen.y’s are blaming the gen.x’s. I work with BB’s and your beliefs about them are not correct. Also BB’s went through 18% rates for 5 years, and that wiped many of them out.

Regads Phil

I think the first 6 months of 05 will see some scary stuff in Sydney.

A mate of mine (valuer) who i’m about to meet for lunch at La Perla in Gladesville (great resturant) also owned by a mate of mine (c u there) has been inundated with mortgagee vals for banks lately.

So yes the s..t is hitting the fan but a long way to go yet. brisbane is a…[Read more]

Steph, i’ll send you my twin (9yrs) girls over, do you teach any of these challenging types???

My kids are great but my wifes a mess ha ha

Phil

Is’nt it funny that the people in debt are the biggest wingers[confused2]and the ones trying to get out of the rat race are helping others do the same [rambo2]

Hi Zen,

The younger generation needs to adopt clear stratagies to build wealth. I have a young mate of mine (19yrs old) who I am helping to get started.

We secured a 1 bed room ground floor unit in Parramatta in Sydney (built 1978) walk to every thing, train, shops, bus etc.

He lives at home and contributed $20k plus his dad gave him $15k. This…[Read more]

Aussierogue, reverse mortgage, yes that is a concern it scares the hell out of me. In Japan they have 3 generation loans (100 years) is that progress or regress.

AusProp, delay the inevidable absolutely. My sole arguement has been that our thinking has changed and we are getting further in the shit.

Think about governments, their solution is to…[Read more]

Hi Guys and Gals,

Well I am shocked and dissapointed with the whole lot of you (just kidding) because two weeks ago Peter Costello our esteemed treasure clearly said to ever Australian.

Give love this year not presents ( in other words don’t spend we’re in the s..t!!)[upsidedown]

Now i’m avaible for some spare lovin, as long as you don’t tell…[Read more]

I put off losing my virginity for a few years but made up for it later (not, just kidding)

I was a sparky so I worked week ends and some times for very little. One day my cousin said to me “how much did you make last Sunday” i said $60.00, he laughted. I asked him “how much he spent last Sunday”, He said they had a fantastic time and spent…[Read more]

Hi Zen, great name.

What many people fail to remember is that many BB’s went through 1990/1995 in a recession paying up to 17/19% and were wiped out. I would like to see gen.x go through this experience (not) and build some character.

BB’s were not encouraged into property gearing until 1994 onwards when it became more popular, more common place…[Read more]

Scremin, sorry for the gender mix up. I will get the dates for you re the generation groups and ages, I have these some where in my notes.

Steph, you also raise some interesting points and questions for the gen.x’s (the tide has turned, pressure) and I am hopeing my good buddy MichaelWhyte is going to respond to your points, Mike where are you???…[Read more]

I attended a private meeting with Peter Switzer who predicted that interest rates would be 10% by 2008.

He also said that all his economists mates could not see too much going wrong until that date.

The two worst property markets predicted were Sydney and Melbourne, except the top end of those markets (wealthy people, old money)

The best market…[Read more]

LifeX

Now that I am off the floor thanks for a great response but the pain in my sides …[upsidedown]

Crashy, I truley wish you a very merry xmas and yes I am a little sick at times (my wife tells me all the time) but thats me, i’m really a nice bloke and i should know!!

Femaleage20, i’m putting 25 gift boxes under the tree of joy at Coles…[Read more]

O.K i’m back (from the whitsundays)and here I go again.

This topic is a passion of mine, though i’m not a complete expert. Oh by the way Mike I know you don’t have anything against BB’s (the marfias on the way mate, he he)

I am a BB from a large family and I am the youngest of 6 (45) my father was a mechanic, my 2 oldest bros builders and I…[Read more]

Hi Guys and gals I have a question I would like to try and ask to get feed back as per some of the responses in this topic.

How the different generations, view other generations;

The current retirees believe that the young people (baby boomers) never had it so good, because they never went through the hard ships that they endured.

The baby…[Read more]

Crashy! we all see/read things in different ways, you are obviously not a happy chappy.

I hope you have a pleasent xmas and dont crash!! lighten up this was intended to be a light hearted post, I should know I posted it, so go get a life and dont insult my friends by replying on other peoples behalf.

With humour … Phil[biggrin][biggrin][biggrin]

Timtam,

If u r working and others are playing u r twice as well off … Phil

Micasa,

Why do you have a home debt when you have plenty of equity in your investment properties to transfer this over.

I suggest you look at your financing structure to improve your cashflow.

Phil