hello,
how soon people forget the great teachings of our dearly departed colonel of ASF,
its dicsussion and debate, dont get upset or defensive man, its opinion
we all walk out as friends man
thankyou
robots
When did that occur to you?
What is more bizzare is people trying to argue with him in full sentences.
Because a) students are smarter than paying obscene amounts in rent, b) no-one (or next to no-one) is actually prepared to rent anything out to young people or c) thrift.hello,
good cop it on the chin brother,
on the 7.30 report a fantastic segment about how pensioners are living together,
so why cant they rent a place?
great to see people recognize the boom is surviving
thankyou
robots
Lol.When did that occur to you?
What is more bizzare is people trying to argue with him in full sentences.
hello,
how soon people forget the great teachings of our dearly departed colonel of ASF,
its dicsussion and debate, dont get upset or defensive man, its opinion
we all walk out as friends man
thankyou
robots
In terms of what?obscene rents? how can that be, pepp's is continually informing us rents are cheap as chips
Compared to the price of the house, they are. Compared to wages and as a percentage of the cost of living, they certainly aren't.
News reports were of auction clearance rate of 50%.
Most importantly there were far fewer people than expected. Only person at a few viewings and maybe 5 groups though a first week prime listing. To put that in context I had 30 groups through my last property first week during the good old days.
Well I posted a link with the ACTUAL results, all listed individually. Says 55% and shows good volume with 150 sold.
I had one of mine open today (selling to fund next purchase), only been advertised on internet for 2 days and no other advertising as yet - 21 groups through already, one contract already requested. Trust me I won't be selling for a low price (I'll just hold it if that happens), but all indications so far are that I will get a good price and therefore will be selling.
I think you are playing in the most depresseed segment of the market Pepperoni - but I guarantee you it won't last for too long, I've seen it all before.....
Anyway, I'm just providing some facts here - I've made my views clear before and I'm currently acting based upon them. I've certainly given up trying to make any money from the stock market at the moment
Cheers,
Beej
House, unit sales plummet in Qld
Saturday October 11, 2008, 6:08 pm
There has been a 40 per cent slump in house and units sales in Queensland.
Tim Lawless from RP Data says there were more than 48,000 transactions to June compared with 80,000 for the corresponding period last year.
He says it is uncertain times with the global financial crisis.
"With the decrease in volumes the prices in the short term won't do very much," he said.
"But certainly once there are some signs the worst is behind us in terms of the global crisis and some confidence returns."
Dan Molloy from the Real Estate Institute of Queensland says there has been a levelling out of price growth in the last six months.
"The movement, not just by the Reserve Bank as far as upward pressure on interest rates, but also the banks earlier this year acting independently of the Reserve, that really bit into the market and consequently had this really significant impact on the volume of sales," he said.
http://au.biz.yahoo.com/081011/31/1zrhs.html
The volumes quoted are only to June and I'm guessing the volume would have dropped off even more since then. Not been too much increase in the number of new landed properties coming onto the market either, especially on the north side (where I'm looking to buy).
21 groups is good but you will either meet the market (ie sell in 6 weeks for best offer) or not sell for eons.
And internet ads only = poor market ... a few extra K advertising can mean tens of Ks sale price.
Or maybe not, but these are the real nuts and bolts of banking (as opposed to dreaming about) property profits.
Make sure to factor in those transaction costs, and interest costs. Then factor in the opportunity cost of not investing your money a 6%-8%.
Ill even spot you your time running around after the properties which even at $10 an hour is alot.
Then we can talk about profits. :shake:
The internet ad is just the first phase - the marketing campaign goes into full swing from this week. I will sell (or not) by Nov 8th as that's the auction date; if my expectation and the market do not meet then I will not be selling,
But this is a mistake ... you either get comfortable with meeting the market at the lowest price it may offer (requires taking off the rosy glasses) or dont put up for sale.
Ive been in the market for over 10, have built and renoed, and have the $$$ to prove I know exactly how it works.
Or maybe not, but these are the real nuts and bolts of banking (as opposed to dreaming about) property profits.
Make sure to factor in those transaction costs, and interest costs. Then factor in the opportunity cost of not investing your money a 6%-8%.
Ill even spot you your time running around after the properties which even at $10 an hour is alot.
Then we can talk about profits. :shake:
Seniors equity loans - 30-35% LVR max lends (dependant on age), interest capitalises, property is sold upon death with funds taken from the estate to cover the mortgage & costs. All ther banks and a number of NBLs offer them, and I wont argue the merits of the term "parasites" as both sides of the fence could raise some valid points thereThe next boom will be the parasites moving in with deals for pensioners to use their homes equity for money to survive.
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