By: jaymarcel
21/04/2009
11:24 am Yahoo! Profile:
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Hi Lasty,
That is exactly the way I am thinking, but only time will tell.
If the banks make it harder to borrow eg. 50% deposit, will that alone not cause a crash or at least a stagnant property market. |
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By: lasty49
21/04/2009
10:43 am Yahoo! Profile:
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The "cash is king" merchants are waiting for prices to fall.So far we have seen shares,some property sectors and most consumer goods.
Now we have many holding off for the property market to tank.It may fall it might not but here lies the risk for those who are waiting on a bargain.
Currently banks are demanding a 20% deposit, which has to be shown by continual savings andnot lump sums.
If the housing market deteriorates you can bet the banks will demand more deposit, perhaps 50%.
Already the fixed interest rates are moving higher.Why?
Because they know inflation is on the way.Even China has opted to invest in the US very short term and not long term paper.
So as the debt deflators kept telling you interest rates are going lower the banks have other ideas.
Those of you who have loans should look at fixing them. Those of you who are looking for a property slump or bargain you run the risk of higher rates,higher deposits and perhaps more bank rule changes. |
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By: jaymarcel
21/04/2009
10:24 am Yahoo! Profile:
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I agree with you jkueh, but are we not proving that very few lessons are learnt or can be learnt following a collapse, perhaps these cycles can not be avoided. This is not the first or last recession after all.
Also unfortunately those at the bottom always get left behind but are they not responsible for their own education once leaving school & moving to an area where there is work. |
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By: jkueh
21/04/2009
10:09 am Yahoo! Profile:
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hi kinggat33, I have to agree with you. the market is definetly control and manipulate by the administrator. never believe what the media say. see by yourself. 1 day they will say its recovery and another days tell u we are in deep *** . ask you to built more debt when we are over leveraging. does not the event of US give US a lesson?
why inflated house price to help the RICH get richer and the poor unable to afford the house. if no stimulus is given, first home buyer mortgage will have problem. |
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By: kingat33
21/04/2009
10:02 am Yahoo! Profile:
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| to jkueh, the fact is not many people are cash rich but maybe asset rich which is in danger of depreciation. Look what the bank did yesterday, they raise interest rate and those that bought property recently are screwed. House price gonna fall and best place is to park our cash in banks and wait for opportunity to invest. Many more will be unemployed and bankruptcy will rise. The outlook is definetely gloomy. |
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By: jkueh
21/04/2009
9:51 am Yahoo! Profile:
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miner are throwing the iron ore at 59% lower price.
how good can the australia economy be?
miner will suffer and drop price and the whole economy will tumble.
I will put my cash aside , not property not share ...just cash and wait for another rally. |
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By: jaymarcel
21/04/2009
9:47 am Yahoo! Profile:
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| I turn my back on wingers, look there are currently some great deals out there now if you miss the boat you will be just as disappointed as you were when you found out you should have pulled your money out before the crash. THE CRASH HAS ALREADY HAPPENED! Now is the time to reinvest. |
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By: kingat33
21/04/2009
8:43 am Yahoo! Profile:
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| I'll support u : Cash is king. Long live cash! |
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By: sly_guy_nsw
21/04/2009
6:45 am Yahoo! Profile:
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PENDING ECONOMIC COLLAPSE
How best shall we avoid it?
Positive actions and careful planning will help.
But first, we need to accept the reality of our precarious financial situation.
Someone posted a note below which stated that the market was recovering.
I`d like to draw that persons attention to the fact that although markets do recover, they also falter and fall flat on their face leaving many people in dire financial situations which they could otherwise have easily avoided had they not listened to the shouts of irresponsible people who do their best to say -
All is well.. The market is recovering.. Invest your hard owned money...
I for one turn my back on such persons at times such as these and instead urge caution. Yes! Caution. For I and many others now believe that the economic troubles which we now face are nothing less than the indications of an economic disiaster in the making... |
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