white_goodman
BOC
- Joined
- 13 December 2007
- Posts
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ok, do u plan on legislating away human nature?
House prices are the CAUSE not a symptom ? Get it through your heads. Housing investment is a greed fueled evil which needs to be stamped out. Repeat after me - it is not the bankers it is housing investors ruining the world.
You guys had it handed to you. Julia got a 3% loan on her POPR during a time when prices were rock bottom and then they rose fast. Not hard to make a buck under those circumstances. All you needed was surplus income and a desire to invest.
Which is why you lot seem to think becoming wealth is just a matter of having the will to do so - because for your generation that is all that was required.
He said "Most men lead lives of quiet desperation". I fail to see the relevance in your addressing this to Tech, whose life seems to me anything but one of desperation.You do notice the implicit out come there for the 99% Techo . That's a voting block to keep in mind. Mind you a lot better odds than the Lotto, unless you believe the advertising.
Who was it that coined the phrase 'a queit life of despiration' Thoreau ?
You do notice the implicit out come there for the 99% Techo . That's a voting block to keep in mind. Mind you a lot better odds than the Lotto, unless you believe the advertising.
Who was it that coined the phrase 'a queit life of despiration' Thoreau ?
whose life seems to me anything but one of desperation.
Try starting again from nothing in your mid 30's when interest rates were 18% on 1st mortgage and 22% for IPs.
Hands up anyone who knows someone with a home loan who has decreased their repayments due to lower interest rates? None of my friends have done this. Everyone I know who has debt is keenly focused on repaying it as fast as they can now.
Your limiting your observation to the topic at hand.
Widen your view and youll note.
(1) The Tech Boom
(2) The 2000-2008 Bull Market.
(3) Gold $250/oz to $1700
(4) The Aussi $ 50C to $1.10
(5) The crash of 2008 (Short!).
(6) Oil $40 a barrel to $125.
(7) Mining boom.
(8) Housing boom of the late 90s early 2000
In the next 30 yrs you'll see many many many more opportunities
just like these. Get one right with enough on it and youll change you life
Financially.
Clearly you've not seen my golf swing!
We are discussing the future of house prices. If this was a thread on what could provide the best investment return over the next 20-30 years, then sure, I'd agree to open the field of options, but it become a bit irrelevant for someone who's trying to decide if they should get out of a current property, or to newly buy in.
As for you 20:20 hindsight view of the markets, how many did you pick, how many did anyone pick?
The markets ain't rational, it's just a herd game and the ones who can spot the change in herd direction earliest tend to do best.
Hands up anyone who knows someone with a home loan who has decreased their repayments due to lower interest rates? None of my friends have done this. Everyone I know who has debt is keenly focused on repaying it as fast as they can now.
The above example even has a name. "The Paradox-of-Thrift". Not much good for the economy!
http://www.wisegeek.com/what-is-the-paradox-of-thrift.htm
Further more to : the lower the interest rate the more one can pay off their loan..... The lower the interest rate the less someone gets from a return of a term deposit, so they don't spend it anymore. It's a transfer directly from the loss of ones term deposit to the loan holder at the economies expense. (+1 to the young?)
Your point is ageed to by many, property isn't likely to take off anytime soon!
Germany - No statutory minimum wage, except for construction workers, electrical workers, janitors, roofers, painters, and letter carriers. Minimum wage is often set by collective bargaining agreements in other sectors of the economy and enforceable by law[13]
Suburb?
Muntinlupa
http://maps.google.com.au/maps?q=Mu...ntinlupa+City,+Metro+Manila,+Philippines&z=13
I cant afford to buy property in Australia...so for the equivalent of a 10% deposit on a good unit in Sydney i bought a good unit outright in Manila.
Muntinlupa
http://maps.google.com.au/maps?q=Mu...ntinlupa+City,+Metro+Manila,+Philippines&z=13
I cant afford to buy property in Australia...so for the equivalent of a 10% deposit on a good unit in Sydney i bought a good unit outright in Manila.
Muntinlupa
Do you live in Philippines now So_Cyn?
I like the idea of moving to an Asian country on the cheap.
So there are no foreign ownership laws in Philipines?
SC, well done!
We'll be purchasing a Condo in Thailand this year.
CanOz
No just visit twice a year.
The Philippines is about as cheap as it gets...they have the cheapest retirement visa program.
http://www.pra.gov.ph/main/retiree/active?page=1
Planning on moving there in 3 or 4 years time, taking early retirement and living off my own money until the super kicks in come 2021...bought the unit because it was just so cheap (46K) and i liked the idea of getting the big real estate purchase out of the way and sort of committing to my plans.
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Foreigners cannot own land at all, but can own apartments where the project land is owned by a Filipino legal entity.
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Nice work, BKK or Pattaya?
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