By: bigus1im
1/06/2009
12:13 pm Yahoo! Profile:
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The whole pretext of the name of this thread is greed. The greedy ones are the ones that worry about missing-out. Patience is the virtue. Add some common sense {not so common} and wait for the proper time and you'll do fine.
No worries mate! |
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By: ancientsong
1/06/2009
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in the end buying a home is a personal decision, no one can be 100% sure what will happen but a few facts are
house prices don't double every 10 years, if that was the case an average oz home would be worth billions now if you started recording from the start of the 20th century,
houses over the long term have only ever risen with inflation, the last 15 yrs is the exception, they've shot up dramatically, but so has personal house hold debt along with it.
assests rising along with debt levels is the same as borrowing 1 million dollars from the bank then calling ya self a millionare... but that debt has to be paid back, now maybe you could convince someone to buy that million dollars off you for 1.1 million dollars, which is great for you, you have made a profit of $100,000 but the other poor guy now has a debt of 1.1 million dollars which he is trying to offload for 1.2 million dollars..
as you can see housing has turned into a ponzi scheme, sure its great if you get in at the start but it ends in tears if you get in at the end.
the above example is what people have being doing via negative gearing, making a loss on purpose hoping house prices will continue to rise, which they have so far..
so the reason to buy an investment property is for cash flow (postive gearing) because in the longterm captial gains don't exsist, houses correct to the longterm path over time which is in line with inflation.
positive geared owners dont care what happens to the price because the rent is paying off the debt for them.
I said this in a previous post but if you price a house in gold, house prices have done nothing spectacular, house prices doubled in the last decade but gold prices have tripled, gold and silver like land is a fixed resource, so what aspiring homebuyers should be going is buying silver bullion, then when they have enough convert the silver to gold bullion then convert that gold into property.
that way you are slowy working your way up to propert ... |
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By: lasty49
1/06/2009
12:07 pm Yahoo! Profile:
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"Australia would be nice"
Yes but everyone else has similar thoughts.
Prior to the Sydney Olympics,Australia was a sleepy hollow.
Suddenly that sleepy hollow now has become destination number one.
Those who promoted it didnt know what they were in for years later as many want to permanently live here.
Lack of infrastructure including public transport, hospitals, schools, roads etc has made it second rate in many cases and that has created some housing shortages or access to property.
Comparing UK housing market to Australia's is like comparing Kylie Minnogue to Susan Boyle.
Both sing but who do you prefer to be with. |
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By: straightarrow34
1/06/2009
12:00 pm Yahoo! Profile:
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| Mentawaisurf, I hope you got a chance to short MQG in a big way today. |
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By: mentawaisurf
1/06/2009
11:56 am Yahoo! Profile:
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Many seem to believe that being bearish is akin to preaching 'doom and gloom'. But a bear is simply someone who considers the trend in prices will be down for awhile. If correct, the result is the opposite of doom and gloom. Selling near market peaks and then playing it safe brings prosperity, opportunity and peace of mind.
The bulls are the ones who have produced so much doom and gloom and misery for so many by advising to hang onto shares and not to sell their investments as the bear market unfolds. The bulls are still exhorting everyone expose themselves to further risk in the share and property market which will only lead to more gloom and doom for those who follow such advice.
Meanwhile, the prudent bears remain at peace in risk-free positions readying themselves for the once-in-a-lifetime buying opportunities that will present near the ultimate market bottom. Given that unique moment is still several years off - then just who are the 'real doomsdayers'? |
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By: bigus1im
1/06/2009
11:51 am Yahoo! Profile:
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| I wonder how Gold Coast beachfront land is holding-up :D |
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By: bigus1im
1/06/2009
11:45 am Yahoo! Profile:
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| Australia would be nice |
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By: lasty49
1/06/2009
11:41 am Yahoo! Profile:
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Bigus
You think land prices overvalued?
Yeah I agree and some are undervalued.
Location is the key. |
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By: bigus1im
1/06/2009
11:25 am Yahoo! Profile:
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| Land prices also |
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By: bigus1im
1/06/2009
11:23 am Yahoo! Profile:
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| I'm no gloomer - I'm very optimistic about my personal future - but I am a realist and house prices are ridiculous. |
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By: novicedealer
1/06/2009
10:07 am |
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By: lasty49
1/06/2009
10:01 am Yahoo! Profile:
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bigus,
You missed the report.
70-75% are non first home buyers.
http://business.smh.com.au/business/house-prices-b ounce-back-20090529-bpm7.html
The biggest problem gloomers have is denial.
I have spoken about this before.
They would rather forgo an opportunity rather than admit defeat in their view.
The dilemma they now encounter is when to re-enter the market.
The same can be said for any other investment.
Use your head not your heart. |
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By: bigus1im
1/06/2009
9:47 am Yahoo! Profile:
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| Wouldn't it be reasonable to assume that if the buying was so good right now then the savvy types would be tripping over themselves to get in on the action? It seems that the only real activity is with the gullible first-timers, otherwise it would be booming, wouldn't it? |
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By: wealthforlife@rocketmail.com
1/06/2009
9:06 am Yahoo! Profile:
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sly_guy_nsw;
What a load of bunkum youve been posting all over these message boards under about 10 different IDS.
You and your cronies[ IDS] tell people to save save save etc.
That is the craziest thing I have ever read on these boards.
You all need your heads examined.
The worst thing to do when the economy is in a downturn is to stop spending.When people stop buying products,businesses go broke,people lose jobs and the whole system collapses.
You are a bunch of self serving idiots with hidden agendas,one of which is to see Australia fall apart at the seems.
> |
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By: sly_guy_nsw
1/06/2009
7:14 am |
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By: bigus1im
31/05/2009
10:53 am Yahoo! Profile:
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| What a siyu entea |
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By: wealthforlife@rocketmail.com
31/05/2009
9:59 am |
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By: martin.family_qld
31/05/2009
6:08 am Yahoo! Profile:
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wealthforlife@rocketmail. com
THere is no doubt that what was posted by my good friends rickyrollings and rodneysaviour below was based on there personal experiences. Furthemore, I commend them for sharing such information with us all so that we might all benefit from it.
Your insulting manner of responding to others who post comment here which contains information which you do not like to see displayed is quite alarming.
May I suggest that you approach the expressio of your opinions and or disagreement with others in a more polite and friendly way in future lest you be labled "the HECKLER", (again). |
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By: ancientsong
31/05/2009
12:26 am Yahoo! Profile:
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great post perceptions, its good to find like minded people
its a shame its a minority view though |
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By: perceptions_now
31/05/2009
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"but we are reaching the limts of that growth because things can't exponentially grow forever"
ancientsong,
Yes, I agree, you may also find the following link of interest, which I originally wrote some time ago -
Is the Motor of the World Stopping
http://au.messages.yahoo.com/news/politics/479657? p=2 |
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By: ancientsong
30/05/2009
10:48 pm Yahoo! Profile:
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thats true perceptions_now, we are an exponentially growing economy in theory but we are reaching the limts of that growth because things can't exponentially grow forever, if things don't grow forever there is only one end result and that is negative growth which is what we are starting to see now and we'll see more of in the future.
because new money is created through bank loans, the money supply increases or grows when its created, but the reverse is also true, when loans a paid back money dissapears from the money suppy and the economy contracts like we are seeing now, which is bad news for a an economic system that needs to exponentially grow larger each year to sustain itself. |
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By: perceptions_now
30/05/2009
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"if you tamper with a free market by propping up and bailing out, it makes the final collapse even worse.."
ancientsong,
This is a time & place for most things, including confidence building pump priming, in a capitalist economic system.
That said, this is neither the time nor the place!
We are in the midst of finding out that there is NO SUCH THING AS EXPONENTIAL GROWTH. |
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By: ancientsong
30/05/2009
7:11 pm Yahoo! Profile:
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also wealthforlife, like I said the grant has made first homebuyers that weren't ready NOW jump in,
of course there is a demand from FHB's that were ready now to take on mortgages regardless of the goverments socialist style handout, but its also encouraged buyers who wouldn't have been ready for 5 to 10 years to jump in now with the rest of the first home buyers who where preparing to buy their 1st home 5 to 10 years ago ( they have saved over that time and are ready now with a big enough deposit)..
I am a fan of capitalism I wish our goverment was too, Capitalism, I shall say again is run under a free market, where the buyer and seller dictate the price, when the goverment intervenes with bailouts or handouts etc thats called socialism, which I guess is what you support
the best thing mr RUDD can do its give no incentives to 1st home buyers, no stamp duty breaks, no 7,000 handouts, no negative gearing, give everyone a level playing field, and let the capitalist free market function, he won't do that because there is too much vested intrest in housing, but one thing is for sure, if you tamper with a free market by propping up and bailing out, it makes the final collapse even worse.. |
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By: ancientsong
30/05/2009
6:55 pm Yahoo! Profile:
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yes we are a capitalist society, which should be run by a FREE MARKET system, one of the features of capitalism is a free market system states that supply and demand should govern the price of items without intervention from 3 parties (goverments), if housing was a true Capitalist free market, we wouldn't have goverment handouts, to prop up prices, and negative gearing to give investors an adavantage over 1st home buyers, we are the only country left that allows negative gearing, becasue goverments in other countries can see what is does to the free market system
we are turning into a more socialist country (when goverments take over or interfer with the free market)
take away those 2 factors that distort the demand side from the supply/demand free market theory and then you'll see how well property prices hold up ;-) |
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By: wealthforlife@rocketmail.com
30/05/2009
6:43 pm |
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