hello,
no, you can buy a place in melton, frankston nth or a host of other places for 4x
Post #573 in the TZL thread I wrote this "Originally Posted by UBIQUITOUS
I have averaged down since $4, with over half of my shares being acquired around 40cent. I now have close to 1 million shares, at an average of about 60c. This pyramiding is a strategy which will work for me .
I expect it will. The technology and upside was good enough to tempt Mark Bouris out of his 'mortgage man' comfort zone to become chairman of a tech company. And we all on this thread should know good Mark Bouris is in small business.
Under his leadership, the company at 27 cents last week was a far better proposition than at its high under the former board of $7.20. I expect a share price in the hundreds of dollars (if the technology isn't sold off at an earlier date).
Anyway, this is a property thread and its all about leveraging yourself to make money and without much grey matter needed.
The technology and upside was good enough to tempt Mark Bouris out of his 'mortgage man' comfort zone to become chairman of a tech company.
http://www.premier.vic.gov.au/component/content/article/11321.html
HOME BUYERS WINNERS IN BOUNDARY MOVE
From the Minister for Planning
Thursday, 29 July 2010
Melbourne’s home buyers are the big winners with 24,500 hectares of developable land – enough to create 134,000 new homes - incorporated into Melbourne’s boundary today.
Planning Minister Justin Madden said the planning scheme amendment to expand the Urban Growth Boundary (UGB) which today passed through Parliament would redefine the city’s limits and was fundamental to maintaining housing affordability.
“This is a significant moment in Victoria’s planning history and will be the last significant shift of the boundary our generation will see,” Mr Madden said.
“Expanding the boundary is a major component of the Brumby Labor Government’s long term plan to manage Melbourne’s growth, keep house prices affordable and ensure our city remains one of the world’s most welcoming and liveable cities.
“Maintaining liveability and safeguarding future housing affordability depends on making good planning decisions now, so we can protect the lifestyle in existing suburbs and brand new communities well in to the future.
“The Brumby Labor Government supports sustainable population growth and is determined to link growth with new job opportunities, transport links and services for families.“
Mr Madden said the next stage in providing more housing in the growth areas would be consultation on the Growth Area Framework and the preparation of Precinct Structure Plans (PSP) for Melbourne’s newest suburbs.
“The Brumby Labor Government has allocated $10 million to prepare PSPs in Melbourne’s new growth areas,” Mr Madden said.
“These masterplans provide the foundation for our newest communities laying out parks, shopping centres, schools, housing, employment precincts, roads and connections to public transport.
“They ensure that as housing is built, there is appropriate planning and resources to deliver vital infrastructure that new communities need to preserve our renowned quality of life.”
Mr Madden said infrastructure in growth areas, particularly public transport, would benefit from a dedicated funding source in the Growth Areas Infrastructure Contribution (GAIC).
“We are taking the responsible action of releasing more land for housing alongside a clear plan to fund the basic services and infrastructure for people who move into these areas,” he said.
“The Brumby Labor Government is taking action to manage growth and to help families secure their lifestyle.
“With the GAIC now in place and the boundary moved, the detailed planning work for housing, infrastructure and new communities can now begin.”
Mr Madden said the amendment would also protect 15,000 hectares of native grasslands in Melbourne’s west and a further 6,000 hectares of land would be zoned for rural conservation purposes.
ABS or ABA?
2008? Got anything new?
I vaguely recall the US had a perceived housing shortage long before the market headed south. This may have been a reason why buyers were comfortable loading up on debt, the thinking may have been that the shortage will create demand, push up prices, and debt to equity will be restored to reasonable levels ect. ect.
This rest is history.
In my opinion bubbles are not driven by many of the stats previously mentioned on this thread , the fear of missing out is the biggest driver, many here believe the shortage is a myth including myself.
OK. When the USD devalues 50% by the end of this year. What will happen to home prices then? After the rest of the currencies get adjusted down I mean.
Would people listen to this man?
Bubble John Symond "it's different here"
HOMEBUYERS are to be offered never-ending mortgages in a bid to overcome Australia's affordability crisis.
ING Direct, Australia's fifth largest lender, is preparing to sell loans that have no fixed term and no requirement to repay any capital along the way.
At current rates, the interest-only loans would cut repayments on a $300,000 mortgage by $5000 a year.
Repayments would be kept to a minimum, allowing borrowers to benefit from capital growth in their property.
"People are needlessly being denied the chance to buy a property while prices spiral rapidly out of their reach" ING Direct CEO Don Koch said.
"There is an urgent need to provide more affordable options and borrowers should be able to choose whether they want to repay the capital, or not."
Mr Koch wants to position the bank as a "mortgage partner for life", with borrowers carrying the same interest-only loan from property to property for as long as they wish, accumulating equity from rising house prices as they go.
hello,
oh yeah, they back on it Trainspotter
this happened in US, UK, Ireland and in a few more minutes Spain will get a mention, hehehehehehehe
amazing,
thankyou
professor robots
OK. When the USD devalues 50% by the end of this year. What will happen to home prices then? After the rest of the currencies get adjusted down I mean.
i am a legend
I would like to graciously say that since MY calling of the top a while back in this thread that house prices have not risen past my call and in fact as pointed out MANY pages ago some have even fallen more than 20%+ in that time.
i am a legend
thankyou
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