Thats correct Nat as long as you are meeting your commitments the bank don’t care – who would, but its a depressing position to be in – to wait for the next cycle !!!

The interesting thing about this boom is the low interest rate which has sparked 100% loans – i think the banks will have to be careful how they play out this one.

If people can afford to hold their properties well and good, but generally in these cycles rents drop and their financial positions change.

Remember the Australian AVARAGE WAGE is…[Read more]

[cap]Nat, the bank will not forclose a loan as long as the person/persons keep up their repayments.

In the past when this has happened (neg equity) a persons financial performance position changed also for a merrid of reasons and that is when the banks move in – History Repeating.

If you are less than 35 yrs old the likiehood of you experiencing…[Read more]

Nat i’m lost with your last statement – who cares how much equity they have – isn’t the basis of investing to create equity.

Equity is like cash, are you saying that at the end of your investment career you don’t mind having negative equity? – what books have you been reading?

[wacko][wacko][wacko][wacko]

I think the problem is begger than you thing, some mortgage brokers are not happy which tells me the effect is greater than we think?

Two important factors to always remember with LTV are;

Financial position and Financial performance.

Actually Benson its happening right now, on this topic another responded with an example of a sale made off the plan in 2001 in Docklands of $900k plus and sold recently in the $700k range.

Not happy Jan!!

A new slant I read on the weekend to this is NEGATIVE EQUITY.

Consider a person/couple purchasing a property in the last few years with a 90% plus loan and now the property has devalued by 15% plus, can this happen, yes!, keep an eye out in the news.[confused2]

Lets face it – Australians are greedy and want to look good – when we get our licience we want to get a flash car and show off to our mates and pick up chicks – we spend all we get and are not taught how to save – we over extend ourselves in all we do, houses, stereos, clothes etc

Think i’m lying read the facts, per head of population we are one…[Read more]

Who let the material out, did the marketing company produce it with out permission, what is the name of the company you are refering to.

My opinion

Seminars are dead – find another way.

[jerry]

Lets look at some more very basic facts I work on dailey to keep my reality in check.

Australia has a 26.4 billion dollar credit card problem

86% of people who purchase a 3yr interest free store account REFINANCE and pay 35% plus interest after that.

5 million people were born in Aussie between 1946 – 1965 (baby boomers) if you add 65 + 1946 =…[Read more]

You have two choices – work now play later – play now work later !![bonjour]

Thanks Jeff, I just had lunch with a friend of mine who runs a National (aussie) mortgage training course and he informs me that the whole country is slowing down.

My question on this site has always been the same question which nobody has answered.

HOW MUCH POSITIVE IS POSITIVE IN DOLLAR TERMS ????
Can some one tell me what positive gearing is…[Read more]

Sounds like this daughter does not have a problem today she and her partner have been like this for years. Before you can help them they must help themselves, I’m sorry but I have friends in great hard ship and they are getting out of it by shere hard work and many part time jobs …

The worst thing you can give to poverty is money the greatest…[Read more]

The last crash we had in this country was 1930 and since then we have had some challenging periods of adjustment.

I don’t know how many people on this forum actually own property and have had many real life experiences, own business, married, retrenched …, or how old were you in 1990 (14 years ago) why 1990 well I remember paying 19.33%…[Read more]

I have seen some really smick fibro renovations, what about the block size (land value) i like to rip out all the old shrubs and trees and replant, in the old days people werent too particular where and what they planted, definately reclad or paint with bright young colours (lemons and blues)[suave]

Inala is a problem area.

Logan is going to go big very shortly, some big players are buying in there, Australand, Gerry Harvey, Stockslands and me.

Ipswitch can get as hot as hell but it has a population of 140,000 so it can sustain itself as is to Brisbane what Newcastle is to Sydney.

The 3 highest performing areas are Coomera, Pimpama and…[Read more]

Thanks Pelican for your comments … true … firstly i’m no sheep.

I love it when the chicken littles get scared because that is the best time to swoop in, yes there are plenty of opportunities out there even more now and that is my point … when theres gloom money will boom.

The Sydney investor market is very shakey however the first home…[Read more]

Forgive me but what planet did you come from??

Is the question how often or how much can you afford, if you are positive and this is what this site is all about who cares??????????