House prices to stagnate for 'years'

[cogidubnus]

yesterday my house was sold. I bought it in 1955. It was a good house, many memories but now I must continmue on the journey. I have lots of money to buy stocks and gold. I will visit perth mint and buy lots of physical gold and silver. I will store it in a bank vault.

 

[tasmanian]

you sound like a good bloke too.aar,s looking good as well.enjoy your trip sounds good.well yeah everythings good

cheers

 

[cogidubnus]

you sound like a good bloke too.aar,s looking good as well.enjoy your trip sounds good.well yeah everythings good

cheers

Thank you tasmanian. one day I will visit, but first I must drive to kimberlies.
Monday will be good

 

[2020hindsight]

... My companions cooked a nice meal for me last night. the bus drives well.

Cog, I'm reminded of a story I heard of a fellow who bought a yacht in San Francisco - advertised for an all female crew. Troubles started when the replies to the ad came flooding in - so many applicants - and of course he had to interview them individually usually over candlelit dinners - that he took MONTHS to meet them all - and by then it was cyclone season and he had to put it off. And do the same next year.

PS this is not necessarily a male sexist tactic - no reason why women cant buy yachts and advertise for all male crews.

PPS at least you ended up doing something with your all female crew. Maybe I should rephrase that - at least you ended up going somewhere

PPS we are all pleased to hear your bus drives well lol.

 

[cogidubnus]

Cog, I'm reminded of a story I heard of a fellow who bought a yacht in San Francisco - advertised for an all female crew. Troubles started when the replies to the ad came flooding in - so many applicants - and of course he had to interview them individually usually over candlelit dinners - that he took MONTHS to meet them all - and by then it was cyclone season and he had to put it off. And do the same next year.

PS this is not necessarily a male sexist tactic - no reason why women cant buy yachts and advertise for all male crews.

PPS at least you ended up doing something with your all female crew. Maybe I should rephrase that - at least you ended up going somewhere

PPS we are all pleased to hear your bus drives well lol.

thank you for concerns. I have had fun and will boot them at the next stop. they will hitch a ride from someone else. :

 

[cogidubnus]

thank you for concerns. I have had fun and will boot them at the next stop. they will hitch a ride from someone else. :

I will buy yacht next year. It will be good. I will also sail because I do not need licence to sail boat. It will have tv and navigation system. Perhaps I can persuade some backpackers to sail for me. :

 

[noirua]

Dubai: Which way now for property prices? http://www.ameinfo.com/97094.html

 

[YChromozome]

And a counter agrument closer to home (Thanks Costello)

Bringing the house down - The Australian - September 30, 2006

The combination of lower marginal tax rates and higher tax thresholds with the latest generous incentives to invest in super is expected to see a rethink of Australia's traditional love affair with property investment

. . . .

But there is little doubt that the combination of the recent tax changes will significantly shift the goal posts away from property towards super for anyone who can afford to wait until 60 to access their funds.

"There is no argument that investment property has been the preferred investment of the baby boomers over superannuation," Rice Warner director Michael Rice says.

"But that may change as a result of the budget.

. . . . .

It is important to note that baby boomers were the biggest buyers of investment property during the Sydney and Melbourne property boom which peaked in 2003.


And for Realist :

"A lot of people will do the sums and realise if they can save tax through putting money into superannuation over the course of their working life, they will be better off forgoing the great Aussie dream. The way property prices have gone over the last few years many young people have found it impossible to buy their own home in a nice location where they want to live.

"They would rather live in a place close to town or near the beach and pay rent."

For these people, Raftery argues, the pro-super tax changes will only further cement their thinking about not even bothering to enter the housing market at all.

 

[nizar]

It seems logical that AMP becomes THE STOCK to hold as it will take full advantage of this new g'ment push to encourage super.

 

[wayneL]

Real Estate Anecdotes from Disneyland

A good read for RE bears: http://globaleconomicanalysis.blogspot.com/2006/10/still-more-anecdotes.html

 

[tech/a]

Wayne.

I get lost with some of this stuff.
A mate of mine in Tampa FL owns half a suburb,he locked ALL loans at 2.5% PA over 30 yrs!!!!!So he couldnt give a rats how high interest rates go.
H'es not alone all holders of multiple investment properties in the US I know both domestic and commercial have done the same thing.

God Bless America wish I could do it here and Id hold indefinately as well!!

 

[nizar]

locked ALL loans at 2.5% PA over 30 yrs!!!!!

WOW, oh my god, thats unreal, hes pretty much paying CPI for his interest.
Looks like a very sweet deal!

 

[krisbarry]

"A lot of people will do the sums and realise if they can save tax through putting money into superannuation over the course of their working life, they will be better off forgoing the great Aussie dream.

So I guess I am doing the right thing, the smart thing!

Seems like I am the minority at the moment, but fast becoming the majority

 

[Bronte]

Well our bank is allowing us to sell one property without effecting the existing mortgage (fixed at 6.47%) ......nice of them.
We think our South Perth apartment close to the Swan River will have to be sacrificed

Now we have a problem....
A very large sum of money will be deposited into our account early November
The problem is .......we have to reinvest most of it.
Hope the market crashes between now and then

 

[juddy]

Now we have a problem....
A very large sum of money will be deposited into our account early November
The problem is .......we have to reinvest most of it.
Hope the market crashes between now and then

that's an extremely selfish point of view. Quite pathetic really.

 

[Bronte]

I suppose you are right juddy.
Although it does make good investment sense.
Doesn't have to be the stock market either.
Any market that we consider good buying.

 

[Bronte]

I suppose you are right juddy.
Although it does make good investment sense.
Doesn't have to be the stock market either.
Any market that we consider good buying.

Could even be the 'Real Estate' market.
We all enjoy making money.....do we not?

 

[juddy]

Could even be the 'Real Estate' market.
We all enjoy making money.....do we not?

never through the misfortune of others though. You can make money without hoping for that, whatever market it is.

 

[krisbarry]

Now we have a problem....
A very large sum of money will be deposited into our account early November
The problem is .......we have to reinvest most of it.
Hope the market crashes between now and then

You could always make large donations to others....hmmmmm let me think!

Hey I am povo... I would gladly hand over my bank details in return for a lump sum deposit of cash

 

[Julia]

Bronte

I totally agree with Juddy's comments. You know very well that a lot of members of this forum are just starting out and your gratuitous "complaining" about having too much money seems pretty insensitive to me.

Julia