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Search: Posts Made By: Steve2009
Showing results 1 to 25 of 169
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Forum: Australia
May 8th 2011, 3:50 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

No, I have no intention of buying it.
Forum: Australia
May 8th 2011, 3:37 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

I'm well aware of your bigoted mindset. I don't need reminding. You seem like a deeply unpleasant individual.
Forum: Australia
May 8th 2011, 12:50 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

Or maybe 1960s Russia.

FYI... http://threetowers.com.au/
Forum: Australia
May 8th 2011, 12:29 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

Beauty is in the eye of the beholder, from the one photo I think it could be quite nice in a different setting. On an unrelated note, check out this place in Dublin I saw listed this week...
...
Forum: Australia
Apr 21st 2011, 7:16 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

I would be amazed if this goes ahead. Ireland has done this as far as I know, but post crash.
Forum: Australia
Apr 20th 2011, 4:18 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

Absolutely, if there's no party then there's no hangover.:)
Forum: Australia
Apr 20th 2011, 3:39 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

There is no problem with easy lending as long as you never run out of money and never have to tighten up. The tightening of lending conditions don't cause the bust, the preceding easy credit does. No...
Forum: Australia
Apr 19th 2011, 9:06 pm
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

I some how doubt this is the case, but if it is then it would likely be game over in my opinion:...
Forum: Australia
Apr 17th 2011, 10:24 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

There are also those that have got destroyed by property investment, and those ruined by overly ambitious home purchases. Just mentioning them for balance.
Forum: Australia
Apr 16th 2011, 8:42 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

I would agree with that and I think there are quite a few others who would agree too. It seems obvious now that the government knew what they were doing with the boost and those who took 'advantage'...
Forum: Australia
Apr 16th 2011, 8:20 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

I think Rambi's point was that it was a financial or economic need rather than a housing need. If that's the case then you seem to be in agreement on this point.
Forum: Australia
Apr 16th 2011, 7:03 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

Ireland had 5 years between when we should have taken our medicine (2002) and when we got taken down (2007). In that light your 2 year time frame from now looks appropriate, i.e. 4 years from the...
Forum: Australia
Apr 16th 2011, 6:56 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

Thanks for that nugget, I was curious but not curious enough to do the leg work to find out why.
Forum: Australia
Apr 16th 2011, 6:54 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

I'd question the merits of the policy altogether. If there is a 'property ladder' as we're led to believe then this is always a subsidy to vendors because every buyer in this market has this subsidy...
Forum: Australia
Apr 16th 2011, 6:51 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

Note that it's 'Labour' in Ireland. I'll have to adjust my spelling to avoid blowing my cover over here.;)
Forum: Australia
Apr 16th 2011, 6:47 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

The boost was Labour though? Or is there a suggestion that play came solely from the administrators?
Forum: Australia
Apr 16th 2011, 6:46 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

That's the problem with conveying certain forms of humour in print, you're not sure who's joking and who's not. :)
Forum: Australia
Apr 16th 2011, 6:41 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

I'm assuming your post was a joke, he was referring to the real motivation behind the FHB. I just wanted to throw that article in there, not that it should be news to anyone.
Forum: Australia
Apr 16th 2011, 6:36 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

http://www.theaustralian.com.au/business/opinion/rba-and-government-incentives-hurt-housing-market/story-e6frg9qo-1226036868376...
Forum: Australia
Apr 16th 2011, 12:53 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

FHBB 2.0? See if they can fool the bogans twice.
Forum: Australia
Apr 8th 2011, 11:47 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

Not a bad return over 40 odd years if you realised it, which of course you probably aren't interested in. I should point out though that this implied rate is a bit simple because it assumes that you...
Forum: Australia
Apr 8th 2011, 11:27 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

By implicit rate of interest I mean the implied rate of appreciation to multiply in value 34 times over a given period.

Approximate examples:
46 Years 8%
41 Years 9%
37 Years 10%
34 years 11%...
Forum: Australia
Apr 8th 2011, 11:07 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

No worries, I was just curious to work out the implicit rate of interest.

I strongly believe that there are bad times to buy and selling is not the only way you lose. My thoughts on the matter are...
Forum: Australia
Apr 8th 2011, 10:51 am
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

How long have you held it for out of interest?
Forum: Australia
Apr 6th 2011, 11:52 pm
Replies: 1,008
Views: 103,543
Posted By Steve2009

Re: The Great Australian Property Swindle

Beauty is in the eye of the beholder. Some people seem to find it attractive and that's their prerogative.
Showing results 1 to 25 of 169
 
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