Hi Fizman

i don’t know about Homepath but see how you go. If they wont find someone else whose rates are low.
I want to put another view forward.
I wouldn’t sell your home at all. I think you can afford to keep it. If you sell you have costs
Agent fees Guess (i’ve never sold a property worth that much) $6,000, moving cost 1000, etc Then when…[Read more]

hey AD
i’m not the other Richmond Supporter. Being true to form i don’t barrack for them anymore.

Well at least till they start looking good then i’m back on the bandwagon until they fall in another heap.
It’s all part of the Joy of barracking the Tigers.

Yeh it could be worse, my wife barracks for Carlton[][][]
westan

Hi fizman
Sorry i’ve repeated some of Richmond’s thought i was writing while he posted his reply
westan

Hi Fitzman
You are paying 125k @ 6.56% interest 8,200 PA
15k @ 10.95% Interest 1,642
20k @ 11.7% interest 2,340

Total interest 12,172 PA

If you refinanced your home with Homepath
and the valuation was 250K @ 80% finance you get 200,000 the interest repayment is 5.65% so you pay 11,300 interest and have 40,000 to…[Read more]

How the heck did you back it in.
i’m a shocker at reversing with a caravan but my wife could do it.
westan

lawry

i work (alright i’m employed), today though i had an unusual day. I’m employed at a Country Secondary College as a school chaplain, i do student welfare work. Well at the moment we have a group of visiting Chinese students staying with people. Last night two fellow aged 18 and 17 decided to head for the city lights and got a train to…[Read more]

Houseonly

i agree. The way i see things panning out is- the inner city unit market will drop bigtime hurting a lot on inexperienced investors. What may happen is a ripple effect will move through the rest of the market, the magnitude and effect i’m not sure. When the equity market dropped some people lost a lot of there savings but if the inner…[Read more]

hi aussie
i’ve got a max walker game, never played it do you want it before i give it the flick. Can’t say i’ve ever read one of his books to be honest just get a laugh from your Max walker comments.
westan

Hi crashy
The logical outcome of your arguement should be whats the danger? according to what you are saying the market was so robust back then in the course of 1 yr it dropped 30% but by the end of the year it had regained it all. that sounds like the message should be don’t sell when a downturn happens because recent history says it is very…[Read more]

Hi guy’s

Richmond you are correct. I’ve decided to shut up about it recently because i felt like we are creating too much interest and therefore competition, so i’ve gone quiet on it recently.
Aussierogue don’t know what you’re talking about i’m following the national “tidly wink” team boy it was a good game on the weekend.
westan

well guys

a different approach for me to my last few posts on this. But before i do, crashy i can admit when i’m wrong its no big deal we are all wrong sometimes. You will throw up any feable explaination. Why can’t you admit when you are wrong?

Now in this market if i owned 3 negative geared properties in Melb or Syd. Then i know that i would…[Read more]

Richmond
we wont even make it to our historical 9th position this year. How can we bring this back to housing?investing. Oh yes, its been so full on i havn’t even kept up with the footy much since round 8.
westan

Kirby
a magpies mate said the tigers were a bottom 4 side at the beginning of the year i laughed at him. I’m not laughing now,
westan
anyway back to the topic that richmond started what about you guy’s what are you happy with?

a report prepared by MLC (Not Methodist Ladies College), perhaps an organization with a vested interest in the stockmarket. Even at the end of the article the article it backs away from the headlines.
By the way i’m impressed with the speed you got back with. But the actual figures from the Victorian Valuer General doesn’t show a 30% drop you have…[Read more]

Hi crashy
the real figure is availabler from the Valuer generals Office, i have already quoted it. The SMH maybe an outstanding paper but i wouldn’t use them for my financial decisions.
regards westan

Hi richmond

the properties i’m buying at present has at least a 20% return on cash, and thats with a 20% deposit. The Yeild is 17%, that is why i’m selling a few of my properties that have gone up but the rent is still the same, so on current figures they return about 7.5%.
regards westan
PS what can we do about our footy team talk about a low…[Read more]

Hi crashy

i’m a fan of Dolf De roos’ “real estate Riches” Its more of a why to than a how to book.
regards westan

Hi housesonly (not) as aussie says, and all others
Firstly i don’t have a problem with you saying the market is overheated or a bubble or whatever. i’ve thought the same myself and have said so. The point you make about a drop of excess of 20-30%, is what i want to challenge and the logic of why the drop will happen.
You claim “People only have to…[Read more]

hi guys
Just some extra thoughts
Elysium-M you mentioned a lot of your friends are sick of their jobs, i find the same. Often it’s my friends who are on the bigger dollars say over 100,000PA who are the worst. It amazes me how many people out there are dissatisfied with their lot in life and looking to reclaim some time for themselves. Property…[Read more]

hi guy’s

my experience is a bit different, people closest to me have got into the act
older brother now has 7 IP’s after being very sceptical at first.
younger brother has 1,
one best mate has bought 4
another has 2.
i had a convestion with a lady once about what i was doing with IP’s the next year i saw her she had bought 5, i nearly fell…[Read more]