How can one possibabily produce valid argument when every instrament of measurement to you is inaccurate a sham or conspiracy against you especially when it does not conform to your logic.
I didn't write the articles claiming that they weren't any good. I simply read, and asses. No need to get yourself all worked up because there is people out there debunking your index. I didn't say the index was flawed until I read about it.
I did however say that the methods used to calculate unemployment are flawed before I read the article. Turns out that assumption was correct, as I previously posted an article in which the ABS was quoted in saying that they were miles off the mark.
You know even scm believed the rpdata daily index was one of the best and most accurate weve had!
He quotes macro business alot, I'm sure he has read the same article, and I am also sure that when he returns(from wherever he is) He will be of the same opinion that I am.
No I wouldnt say its a stupid idea young gun, that is up to you, only you know your financial situation, though, I would be going for a bigger block rather than a bigger house, thats my view.
I think while you are young, both working, no kids is a good time but this - I am young, you want to live it up saga - gets that look from me.
I'm not sure that choosing to take a different route to that of yourself really deserves 'a look' from anyone.
What do you mean, out with the old, in with the new?
People have to live somewhere, you either rent or pay mortgage, thats it.
Not everyone wants their own home and thats fine, but when I hear people whingeing they cant pay the rent, well, we didnt travel and throw money up on the wall, we made sacrifices.
I mean out with old investment strategies and approaches, and in with the new. We live in a different economic world now, and that requires a very different approach to that used in the past in my opinion. I would never whinge about my rent. It is but a small portion of my wage, and is so much better than owning a home right now.
In a sense am I not making sacrifices also? By travelling I am reducing the amount of money I will have as deposit for a home, which will mean I have to atke a bit longer to pay it off? Sounds like a sacrifice to me.
no matter how bullish or how much trumpeting you do, if housing finance doesnt pick up the fuel for the fire is simply not there,
I am in a similar situation to young gun, I can afford a home but why would I? I travel twice a year, bank interest pays 70% of my rent, and if i was to buy id have to use all that for a deposit and then pay more in interest for the first few years for a similar property... Older generation might have to come to a realisation that the demographics arent there, the financing isnt there, and this little thing called the internet doesnt allow the masses to be duped into dumb decisions (as much as past).. also the freedom of not worrying about job security nearly as much.
Good luck in all your housing dreams this year.
Unfortunately the interest I am earning doesn't come close to covering my rent
No one on here appears interested in demographics or credit growth either.
Bottom line is, even if prices do climb, they most certainly won't be climbing fast. If I'm wrong about a crash, I pay a little extra for a house. If an investor is wrong about a crash not being able to happen, and it crashes, well.......