Bronte
Trading The SPI for 20+ years
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Yes...we did go overboard with buying IP.
We know that now....& are selling some.
We know that now....& are selling some.
I have given up buying a house
- Thread starter krisbarry
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Fifth most expensive city in the world! That's the part I can't get over.
And we had Greg Rossen (REIWA president) on the wireless not even a month ago telling us Perth was still highly affordable because of the high incomes and that first home buyers should jump in '"to get a foot in the door".
geez, I reckon REIWA are going to get a hammering in the next couple of years.
And we had Greg Rossen (REIWA president) on the wireless not even a month ago telling us Perth was still highly affordable because of the high incomes and that first home buyers should jump in '"to get a foot in the door".
geez, I reckon REIWA are going to get a hammering in the next couple of years.
Bronte
Trading The SPI for 20+ years
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Agreed juddyjuddy said:
We used to say to people....
"It doesn't matter how you make your money....
Buy Real Estate"
So pleased we followed our own advice
We made our money 'Trading the SPI' using Gann.
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The single most annoying thing about the whole real estate bubble for me is the mentality that people will do or support practically anything that leads to an increase in their property values.wayneL said:
Things that they would not have supported before the "my house is an ATM" mentality took hold. For example, shutting down businesses in the area or opposing new ones in order to create some sort of "exclusive residential" community which is perceived as leading to higher values. Or keeping out children, animals, solar panels or anything else which doesn't fit the McMansion "vision" of ever spiraling property prices.
Down here in Tassie we've already seen the Christmas carols moved and two businesses closed, one of which was very high profile and long established, to keep residents happy in inner Hobart. At the other end of the state there's a campaign against new industry being established in an existing "major impact heavy industry" zone on the basis that doing so would slow the growth of property values.
This mentality has reached the stage of being a cancer. When you start undermining the fundamentals of our lifestyle and economy in order to prop up a bubble then you are consuming the very basis that supports the bubble in the first place. It's gone way too far and I've heard plenty of stories of similar things happening elsewhere in Australia and overseas - "you can't do that, it might lower my house's value".
It's like deciding to take out some vital organs as a means of losing weight. Short sighted in the extreme and with a highly predictable result of disaster if it's actually done.
Julia
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Bronte said:Agreed juddy
We used to say to people....
"It doesn't matter how you make your money....
Buy Real Estate"
So pleased we followed our own advice
We made our money 'Trading the SPI' using Gann.
Yet you said on the Superconnuation thread which you started that you would not have enough for retirement?
If you've bought so many IP's and made money on Trading the SPI, what has gone wrong???
Julia
http://money.cnn.com/popups/2006/real_estate/hud_homes/frameset.exclude.html
Stop,
I know you think you cant afford to buy a house,but I`ve found one,well it`s in New york,Rochester,but it`s only 45 grand,ok aus.maybe 90thousands,but think New York.
:
Stop,
I know you think you cant afford to buy a house,but I`ve found one,well it`s in New york,Rochester,but it`s only 45 grand,ok aus.maybe 90thousands,but think New York.
:
wayneL
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visual said:http://money.cnn.com/popups/2006/real_estate/hud_homes/frameset.exclude.html
Stop,
I know you think you cant afford to buy a house,but I`ve found one,well it`s in New york,Rochester,but it`s only 45 grand,ok aus.maybe 90thousands,but think New York.
Nice find.
There are parts of the US that are still excellent value. On the same page as the above link is a house in Apex NC for $130,000.
This is about 5 minutes drive from my uncle in Carey and about 10-15 min drive from the Raleigh-Durham Technology Park (read: plenty of good jobs available) and is a fairly nice area.
A church on every corner too if so inclined
wayneL
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visual said:personally I`d go for the one in Appleton,WI.for 93 grand, by the way is that Wisconsin?
looks good,thats about 150 grand aus.
Yes cute house... and yes thats Wisconsin. Don't forget your winter woolies
wayneL
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visual said:personally I`d go for the one in Appleton,WI.for 93 grand, by the way is that Wisconsin?
looks good,thats about 150 grand aus.
http://www.jefflindsay.com/Appleton.html
Typical small town USA... very nice
Bronte
Trading The SPI for 20+ years
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We own property in England.
Just sold one.
Just sold one.
wayneL
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clowboy said:
Lots of Ozzies have IPs in NZ. I have some in the UK. There is even a group of Ozzies who have IPs like the ones in the link in the US.
So there are quite a few.
Bronte
Trading The SPI for 20+ years
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Hi Julia,Julia said:
We only had / have a small amount in Superconnuation.
That is WHY we decided to buy Investment Property.
wayneL
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Bronte said:
Apt term
Bronte
Trading The SPI for 20+ years
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Yes It really is a con.
It really is a con.
wayneL
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wayneL said:Yes cute house... and yes thats Wisconsin. Don't forget your winter woolies
http://www.jefflindsay.com/aplshots4.shtml
wayneL
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Realist
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Good article Wayne.
It comes back to intrinsic values I suppose.
And almost everywhere in Australia it seems houses are still very much higher than wages compared to the rest of the world.
Perth especially is due for one hell of a fall, Sydneys already had a bad 3 years.
Be interesting to see what happens, I'll continue to rent and watch. While yields are low that is obviously the smart thing to do.
Fear of missing out can lead to silly decisions that cost hundreds of thousands of dollars.
It comes back to intrinsic values I suppose.
And almost everywhere in Australia it seems houses are still very much higher than wages compared to the rest of the world.
Perth especially is due for one hell of a fall, Sydneys already had a bad 3 years.
Be interesting to see what happens, I'll continue to rent and watch. While yields are low that is obviously the smart thing to do.
Fear of missing out can lead to silly decisions that cost hundreds of thousands of dollars.
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