littleguy wrote:
Since I have no money I'm hoping to sign the contract and then sell the contract to someone for say 15-20k (so there's still value in it for the next person).

Littleguy,With respect the experts above, do not sign a contract to purchase a property when you do not have the capacity to complete the sale of your own accord.  You…[Read more]

Let me say at the outset, home affordability is at historical lows, so let's lay of the young fella. We older types can bang on about how tough it was in our day but it is materially and objectively more difficult today.http://www.rba.gov.au/ChartPack/output_expenditure_activity_fincon.pdfAs regards the "Housing Rocks" debate:If you owned tulip…[Read more]

Quick question for all the wrappers involved in the discussion:a) which lenders currently "allow" wraps? b) how are they advised of the interest of the wrappee or of the fact that one exists?On the Jenman thing, it is pretty apparent he is one of the view public advocates of improving transparency in the real estate market (and it is not exactly…[Read more]

C'mon…just cop to the fact that at the end of the day that The Secret, its predecessors and successors, simply require a belief in magic.  This will save the embarrassment of the faux scientific claptrap that wouldn't past muster ina year 8 physics class.Effective investment is about mastering facts and there are no shortcuts.

That second paragraph makes so little sense it could only have come from a wacky self-help book or Wikipedia. And the winner is *drum roll*http://en.wikipedia.org/wiki/Physical_law Beyond proving that Wikipedia isn't the most reliable source of definitions (hoodathunkit!)…the point would be….aaaah, that's right, send me $2000.

Pay the $25 when someone can prove the Law of Attraction is as reliable of the Law of Gravity (funny how gravity works whether you've read the instructions or not…kind of what makes it a law, I guess).

wealth4life.com wrote:
but after many many seminars and courses one becomes more aware of where to go or who is guiding us …

Useful life…[Read more]

I have visualised sending you $2000. Please send me the stuff to add to my collection.If the money doesn't turn up, please visualise it doing so and all will be well.Here endeth the lesson.

There is a very obvious difference between a motivated and rational approach to the pursuit of your goals and bunk and hoakum that is the basis of sucker bets like "The Secret". The Secret, its predecessors and followers are the usual far-fetched "believe in magic and Wish Very Very Hard so that good things will happen to and for you" rubbish that…[Read more]

"The Secret" DVD is the sort of New Age Woo Woo that makes you wonder how far we've come in the last couple of hundred years.As pointed out above, things don't come from wishing, they come from doing.

The "won't this push house prices up" argument trotted out above applies equally to any innovation that allows people to borrow more or buy more. Mortgage insurance, improved serviceability ratios, inclusion of rental income, high LVR loans, Lo Doc, No Doc, guarantees, cross-collateralisation and anything that pushes an interest rate down ra…[Read more]

Avoid

It’s been interesting watching the discussion around the concept evolve, but I think the broader point is being missed (not altogether suprising given this is an investment forum[biggrin]).

This sort of product (currently being funded by Govts in SA, WA, the UK and,the NZ govt has now come out encouraing lenders to get something similar up and…[Read more]

The primary reason why lenders are edgy about these sort of scenarios (and are likely to become more so) is when deals subsequently go pear-shaped and the borrower looks for an out. There have been a couple of legal cases lately where the courts found that the lenders (essentially) failed to pay close attention to the affordability question and…[Read more]

If the Big C are such a poor outfit, why do they keep getting the lion’s share of business through the broker market? I was looking at some numbers the other day which seemed to suggest they remain at or close to the top of the tree in volume terms….

…or is everyone prepared to support poor service if the rate is right?