hello,
just let it slow down a bit? stabilize? downside risk?
thankyou
robots
I'd prefer a slowdown. Slightly below realistic growth.
It protects our investments and stops shocks. However I have got a bit of money involved, I don't mind it going on as it was, I am just not expecting it to do so.
I win either way. I just would prefer to be slightly less of a winner and reduce the risk of being a big loser.
Enzo Rampmondo said:http://reiv.com.au/home/inside.asp?ID=162&nav1=1226&nav2=162
There were a total of 701 auctions reported this weekend of which 529 sold
and 172 were passed in, 113 of those on a vendors bid. The clearance
rate was 75 per cent.
hello,
good for you Medicowallet,
what is realistic growth? surely it has nothing to do with income
and why do things have to follow a "formula" "history" "birth right"
thankyou
robots
Did anybody catch this today?
Yesterday's clearance rate was 76%, and today's down to 75%. That's a 1% fall overnight. I would say that sellers are entering & buyers leaving the market in droves.
I apologise that you cannot understand that the bank doesn't care what asset you put up against a loan, as long as they have control over it to recover their losses. (which you have admitted, but wont admit to me that you admitted)
It is quite obvious to me that you are just arguing for argument's sake. It is typical internet attitude that to just keep ignoring fact makes your pathetic counter argument correct.
Also I never said that you said that a car was a good investment. If you consider that there is a question mark, then you can deduce that. What I was pointing out, is that a poor investment (exceptions obviously) still attracts a loan from the bank, as long as they can control the asset.
I find it mildly amusing that you keep trying to defend your incorrect position, which has been pointed out to be flawed, just to save face.
I am pathetic??? Lollolol ... Sorry old chum I have more important things to do than counter your peurile attempt at a neuter point. Like count my money in real estate whilst you felch around trying to disprove me wrong in my attempt to educate you in the finer things in life.
It is what it is ... the ball is in your court if you wish to Tally Ho and continue this but I doubt that it would have any effect on this thread other than produce you as a dunce .... Your call.
Just for old times sake ... If you place cash or shares as collateral then the bank will take a lien on this for 100%. They will lend you 100% of the value of the "ASSET". If you want to go an buy something with the "CASH" then you have EXACTLY the same amount you started with to begin with. Are you understanding what I am putting down here???? No point. If you want to TRADE IN the value you must go cap in hand to the bank to get your money back, "Please Sir can I have my money back" ???: LOLOOLLOL Why did you not just use your cash in the first place?? HAhahhahah hA A AH HAh hah ah a !
The advantage of real estate is it INCREASES in value and you can loan against it readily without the BANK telling you what you can do with your titled money. If you decide to sell it you do not need the banks approval to sign the documents to sell.
OOOOOOOOOOOOPPPPPPPPPSSSSSSSIEEEEEEESSSSSSS !!
I have been in real estate and finance for over 20 years. How long have you been a Doctor??
Banks need to approve sale of a car under finance.
So are you saying that a car is a good investment? Your words are written ... not mine !
This post is gold. I especially love the part about house prices rising. Cash also rises in a bank account, so do shares. This is not a point made with any credibility.
Please don't go and say how much money you have, anyone can have anything over the internet. Is that response meant to make me jealous? or is it meant for me to take your erroneous post more seriously.
I responded to your lack of understanding as to how you can borrow money against security. I identified (even before I knew you had twenty years experience as a finance professional) that you probably knew this and were misleading other posters. I guess that you were not expecting someone to question your inaccurate representation.
I think I will take your invitation to discontinue my discussion with you. It has indeed been most educational. I find it interesting how you admitted you were wrong, yet vehemently defend your position with a different poster.
I would like to hope that ASF is not full of people with internet driven responses such as your own.
He's actually added 41 auctions to the data. I've never actually noticed the posted numbers being revised ............though each weeks "last week" numbers show that there are always more auctions than what is originally posted.Did anybody catch this today?
Yesterday's clearance rate was 76%, and today's down to 75%. That's a 1% fall overnight. I would say that sellers are entering & buyers leaving the market in droves.
look at Gav's result buying at the top last year (already 20-30% up), hahahahahahaha
And the "For Sale" sign has a big fat "Under Contract" sticker on it already. On the market for just 6 days.
Since 2006 gold is up 200% and there are a lot of other investements that have done much better.
Cash is a fantastic investment.
.
The only investment worse than cash is gold,
With gold you pay one person to dig it out of the ground,
then you pay another to smelt it for you,
then you pay another one to bury it and gaurd it for you,
And all this time it produces no weekly income, and you live in hope that it will rise in value and keep pace with inflation.
If you put $100K into Gold in 1980 and worked out what it was worth today then subtract all the storage fees you paid over 30 years you would have far less than you would if you put $100K into property and collected rent for 30years.
You are missing the whole point about Gold. It was traditionally invested in as a safe store of wealth (ie a currency) as opposed to cash and speculation of Real Estate & and the Stockmarket. However, I do think that there is quite a bit of speculation in gold now but that's the nature of the beast when there is far too much cheap money floating about which is not backed by gold reserves. It has to find a home somewhere.
I would say a block of land achieves the same as gold when it comes to being a store of value, with the added bonus it generates an income and nobody can steal it.
Yes the lands value may fluctuate slightly, But so to does the gold.
I would say a block of land achieves the same as gold when it comes to being a store of value, with the added bonus it generates an income and nobody can steal it.
Yes the lands value may fluctuate slightly, But so to does the gold.
Cash is another terrible investment,
Sure it may earn 5% but that 5% is taxed so the actual return is less than the inflation rate, and both your invested capital and monthly cashflow will lose buying power over time.
The only investment worse than cash is gold,
With gold you pay one person to dig it out of the ground,
then you pay another to smelt it for you,
then you pay another one to bury it and gaurd it for you,
And all this time it produces no weekly income, and you live in hope that it will rise in value and keep pace with inflation.
If you put $100K into Gold in 1980 and worked out what it was worth today then subtract all the storage fees you paid over 30 years you would have far less than you would if you put $100K into property and collected rent for 30years.
I would say a block of land achieves the same as gold when it comes to being a store of value, with the added bonus it generates an income and nobody can steal it.
Yes the lands value may fluctuate slightly, But so to does the gold.
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