many people scared off the stock market.
For those posters who like to follow Neil Jennmans advice.....
guess what, how does 10 million sound for making money out of a con...
extract...........
Desperate Property Spruiker Neil Jenman planning to "stitch up" more consumers in last ditch effort for a grab for cash and credibility.
Our investigations reveal that Property Spruiker Neil Jenman is close to releasing his latest book called "Stitched", which is apparently about 150 property spruikers that he thinks you should avoid.
As expected, Neil Jenman himself isn't featured in the book despite himself being renowned as one of the most unethical property spruikers in the industry for the last 15 years
http://www.consumer-warning.com/index2.htm
I dunno about that, haven't you heard the latest.
The bull(s***) market is back, stronger than ever.
maybe some are a bit too gullible about Jenman.....Jenman calls other agents all sorts of names and accuses them of all sorts of things.....then yells at them, if you dont like it sue me....now to sue him will cost an agent up to 300k plus...
so rather than sue him, he encourages them to sign up as Jenman agent....which costs them on average 1500 a month...silence money, so he will not call them anything.....a lot of innocent agents went along with this idea.....too much potential damage to their business.....
apparently there are a load of cases waiting to take him to court....
so how about that ....easy money for a con man....so far he has made over 12 million dollars.....only a couple of people have actually been saved by him...its all about the publicity to believe he is looking after their interests,
when in fact he is just as big a con artist or bigger and jealous of said Henry Kaye
oh, and Jenmans agents have to learn his tricks of the trade.....which are at best are the worst tricks any RE agent will get up to.....
how to suck innocent people into paying the highest commissions etc...
apparently the ploy of naming another agent as a con man, knowing full well it will cost them too much money to fight him in court, is his greatest con....
maybe a little bit of research would not go astray....rather than be fooled by another con man
Total nonsense.maybe some are a bit too gullible about Jenman.....Jenman calls other agents all sorts of names and accuses them of all sorts of things.....then yells at them, if you dont like it sue me....now to sue him will cost an agent up to 300k plus...
so rather than sue him, he encourages them to sign up as Jenman agent....which costs them on average 1500 a month...silence money, so he will not call them anything.....a lot of innocent agents went along with this idea.....too much potential damage to their business.....
apparently there are a load of cases waiting to take him to court....
so how about that ....easy money for a con man....so far he has made over 12 million dollars.....only a couple of people have actually been saved by him...its all about the publicity to believe he is looking after their interests,
when in fact he is just as big a con artist or bigger and jealous of said Henry Kaye
oh, and Jenmans agents have to learn his tricks of the trade.....which are at best are the worst tricks any RE agent will get up to.....
how to suck innocent people into paying the highest commissions etc...
apparently the ploy of naming another agent as a con man, knowing full well it will cost them too much money to fight him in court, is his greatest con....
maybe a little bit of research would not go astray....rather than be fooled by another con man
I'd be worried if house prices didn't keep rising for years, given that it is what most Australians rely on to battle inflation.
Did someone spike the water cooler again ?
I don't think I drank from *that* water cooler???
i dont thinkso either beej
i find the majoroity of your posts well researched , intelligent and well written , they may be slightly biased: because of those "rose coloured glasses" but well worth reading nonetheless
however
there are some posts here that make we wonder at times .
*ducks in*I'd be worried if house prices didn't keep rising for years, given that it is what most Australians rely on to battle inflation.
....Here is the video in question: Mish Videos - On the Edge with Max Keiser.
Dear CC
You do not need articles. You just need common sense.
Here are some things you should consider.
#1) How much are home price out of whack with rental prices? (i.e. What does it cost to own vs. rent a similar house? Keep in mind maintenance, property taxes, etc.)
#2) How much above the trendline growth in price appreciation are home prices selling? (Was there an unexpected or unwarranted acceleration in prices over a number of years?)
#3) How much have home prices appreciated vs. wages?
Any of those significantly above their trendline is a huge warning sign. When bubbles burst, prices will not only revert to the mean but overshoot as well.
Note that housing markets will vary based on availability of jobs, local wages, and amenities. Thus, cities like Vancouver and Toronto will carry premiums just as San Diego, Chicago, and New York do. However, premiums are not unlimited. The desirability of San Diego and Miami did not stop a crash in the US. It will not stop a crash in Vancouver either. Moreover, desirability can change at a moment's notice as happened in Florida and Las Vegas.
Your question is not really about Canada given the same metrics apply to London England, Sydney Australia, Shanghai China, or anywhere else. Simply put: The more out of line those factors are, the bigger the bubble. And the bigger the bubble, the bigger the crash.
There may be other considerations, but financially speaking, if home prices are out of line with rental prices, wages and wage growth, and jobs, you are better off renting. The more out of line they are, the better off renting you are, anywhere worldwide.
Regardless of rental prices, don't be a debt slave to your house and don't buy just because home prices are going up!
At times it may seem that greater fools are everywhere. However, that is the way things always look at market tops. Here's three things to always keep in mind:
1) The pool of greater fools is not endless.
2) Unlike stocks, houses are not liquid.
3) Sentiment can change on a dime, far faster than someone can sell a house. That applies double for condos.
Finally, if mortgages... are recourse loans (you cannot just walk away), you need to be all the more cautious.
Use common sense, not emotion. Don't get trapped.
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