House prices to stagnate for 'years'

[robots]

hello,

the mantra all thru this thread is that "i will buy/invest when RE crashes" so who is buying or looking at buying?

"I buy on the dips"

hasnt it crashed the re market, still waiting

I see is plenty of people turning up and bidding at auctions and properties being sold for record prices

I think Tech sums it up, many will do nothing

thankyou

robots

 

[wayneL]

hello,

the mantra all thru this thread is that "i will buy/invest when RE crashes" so who is buying or looking at buying?

"I buy on the dips"

hasnt it crashed the re market, still waiting

I see is plenty of people turning up and bidding at auctions and properties being sold for record prices

I think Tech sums it up, many will do nothing

thankyou

robots

Same ol' same ol'.

A complete lack of understanding, combined with schoolboy logic.

 

[tech/a]

I think Tech sums it up, many will do nothing

And have done nothing.

Its human nature to be hesitant when out of our comfort zone.
It can and does paralyse the larger majority of the population.

Its hard enough to save up $20-$50K let alone place it in a position of perceived RISK.
If your earning $20/ hr and lose $1000 in the market that's 2weeks work! and baked beans.

I really do understand I hate baked beans!!

How do you get out of this cycle of fear.

LEARN HOW TO QUANTIFY RISK

then

LEARN HOW TO MITIGATE RISK.

Don't let fear hold you back.
One good decision can change your life and that of all those around you.

Its NOT the little things that count.
Its the BIG things.

 

[wayneL]

And have done nothing.

Its human nature to be hesitant when out of our comfort zone.
It can and does paralyse the larger majority of the population.

Its hard enough to save up $20-$50K let alone place it in a position of perceived RISK.
If your earning $20/ hr and lose $1000 in the market that's 2weeks work! and baked beans.

I really do understand I hate baked beans!!

How do you get out of this cycle of fear.

LEARN HOW TO QUANTIFY RISK

then

LEARN HOW TO MITIGATE RISK.

Don't let fear hold you back.
One good decision can change your life and that of all those around you.

Its NOT the little things that count.
Its the BIG things.

What to you suggest someone on $20 per hour do at this point in time then?

 

[professor_frink]

I really do understand I hate baked beans!!

I don't mind baked beans

Though they may taste a little different if I had to eat them out of necessity!

 

[tech/a]

What to you suggest someone on $20 per hour do at this point in time then?

I'll presume you mean someone on $20/hr with no tangible assets.

(1) Analyse how you can become more valuable to your employer,or a prospective new employer.Place yourself in a position of maximum earning capacity in what you do. If necessary change jobs.

(2) Maximise your disposable income.
decrease all bad debt,Credit cards,Myer cards,etc if your bad at managing your hard earned seek out a good company who can help you budget.

(3) Look at ways of increasing income,this will vary dependant on your skills and personality.

(4) Join forces with your Wife or parents or both who maybe able to help with Equity.I initially joined with my best mate,and 24 yrs ago had a business partner.

(5) Invest in appreciating assets--not cars--sure have a car but you don't need a Beemer now.

(6) Learn all you can about RISK.

(7) Search out mentors who are where you want to be.Find out their story. Bruce McDonald was one of mine you'd possibly know him from the Jet Truck "Matilda" years ago.
Yeh I'm that old!

(8) Remember.
Anyone can be average,its easy to be average,everyone can achieve average. You have one shot at this life make it your best.Don't find yourself in the position of wondering what if? NOW is the time to start.Make your mark,be proud of your achievements.Become an inspiration.

Now with tangible assets------ Go to (1)

 

[Flying Fish]

I'll presume you mean someone on $20/hr with no tangible assets.

(1) Analyse how you can become more valuable to your employer,or a prospective new employer.Place yourself in a position of maximum earning capacity in what you do. If necessary change jobs.

(2) Maximise your disposable income.
decrease all bad debt,Credit cards,Myer cards,etc if your bad at managing your hard earned seek out a good company who can help you budget.

(3) Look at ways of increasing income,this will vary dependant on your skills and personality.

(4) Join forces with your Wife or parents or both who maybe able to help with Equity.I initially joined with my best mate,and 24 yrs ago had a business partner.

(5) Invest in appreciating assets--not cars--sure have a car but you don't need a Beemer now.

(6) Learn all you can about RISK.

(7) Search out mentors who are where you want to be.Find out their story. Bruce McDonald was one of mine you'd possibly know him from the Jet Truck "Matilda" years ago.
Yeh I'm that old!

(8) Remember.
Anyone can be average,its easy to be average,everyone can achieve average. You have one shot at this life make it your best.Don't find yourself in the position of wondering what if? NOW is the time to start.Make your mark,be proud of your achievements.Become an inspiration.

Now with tangible assets------ Go to (1)

No offense mate but you sound like one of those jokers at the cetrelink recruitment centre

 

[tech/a]

No offence F/F you sound like one of those guys who hang out at Centerlink.

 

[Flying Fish]

No offence F/F you sound like one of those guys who hang out at Centerlink.

lol
We'll see how you go with your property crash and swan as treasurer

 

[Flying Fish]

4) Join forces with your Wife or parents or both who maybe able to help with Equity.I initially joined with my best mate,and 24 yrs ago had a business partner.

I like that one, pity if you are single hey.....

 

[Tysonboss1]

And have done nothing.

If your earning $20/ hr and lose $1000 in the market that's 2weeks work! and baked beans.

I really do understand I hate baked beans!!

.[/COLOR]

Hey,

eating Baked beans and 2min noodles in the early years helped me get where I am today.

 

[Tysonboss1]

What to you suggest someone on $20 per hour do at this point in time then?

spend less than they earn and invest the differance in income producing and growth assets.

 

[wayneL]

spend less than they earn and invest the differance in income producing and growth assets.

Which ones, pray?

 

[numbercruncher]

Quote from a fellow forum user .....

I am going to have to sell a property to cover todays losses..

Multiplied by 1000s of others in similar situation = ?

 

[Flying Fish]

A wealthy firend just sold their property in Albert Park about two weeks ago, word is property sucks, good luck to all you wantabe tycoons hahahahah

 

[Dukey]

Quote from a fellow forum user .....

Multiplied by 1000s of others in similar situation = ?

mmm - will be very interesting to see how many "fire sales" come onto the RE market in the next few weeks... and what effect they have on RE prices.... especially since some folks who have been waiting on the sidelines - with their future home deposit invested in the share market will have seen that deposit diminishing in the last few weeks.

??? any comments??

thankyou

dukey-bots

 

[Flying Fish]

mmm - will be very interesting to see how many "fire sales" come onto the RE market in the next few weeks... and what effect they have on RE prices.... especially since some folks who have been waiting on the sidelines - with their future home deposit invested in the share market will have seen that deposit diminishing in the last few weeks.

??? any comments??

thankyou

dukey-bots

smart ones have their money in the bank

 

[Dukey]

smart ones have their money in the bank

agreed - but many will have been sucked into the market at the wrong time.... many folks are not $$$ savvy.

 

[KIWIKARLOS]

hahahaha smart money in a bank

So what happens when this bank which actually only holds less than 8% of the total capital in cash has 10000 of you with "safe" money lining up at its doors to essentially bankrupt it. No one is impervious in a crash or depression, the only difference is how much you loose compared to the next bloke.

Nothing is "safe" in the current environment i dont think the banks themselves even know their exposure to risk let alone you and I

 

[Flying Fish]

hahahaha smart money in a bank

So what happens when this bank which actually only holds less than 8% of the total capital in cash has 10000 of you with "safe" money lining up at its doors to essentially bankrupt it. No one is impervious in a crash or depression, the only difference is how much you loose compared to the next bloke.

Nothing is "safe" in the current environment i dont think the banks themselves even know their exposure to risk let alone you and I

So kwiki, where is your money stuck? In depreciating houses ROFLMAO Good luck sucker.