Housing collapse 2012 for Australia

These are examples which we cry over but NEVER do we think of the many times the penny dropped the other way.
Another bit of good advice ...   NEVER do business with Family members.
They are like CRIME      =    Don't pay.     AND once they get a say in the financial side of things they suddenly become experts and Dad knows nothing ... Immediately After the Cheque's are signed.     [/QUOTE]

Good advice, sometimes.  I know a guy who was CEO of  a number of companies ,v ery successful owned racehorses, magnificent art collection, set for life. Was retired and  helped his son with an injection of cash in his struggling business, I think he was somewhat involved with the business after that as well, but did bot know when to draw the line, strange considering his business background. Anyway he poured in $10 million which he lost, is now reduced to renting, sold his luxurious house and a million dollar art collection.

Not a good outlook for a 75 year old

oneonesit wrote: What's wrong with everyone on this thread today ? I know its Passing Throughs birthday - however that's not an excuse for the amount of civility going on ! Can we get back to normal please - boring !!!!

I've locked threads, moved others to the Laundry, edited & hidden, far too many posts. Hopefully some have taken note as I don't intend keeping it up day in, day out, heads will roll if the vitriole persists

Gay3 wrote: "NEVER do business with Family or Friends" One of Mums' most oft used sayings

Mum was a wise Lady ..      She would have spoken from hard earned experience.
Biggest problem is you lose the money and worst of all The " Friendship".

Don't lend ....    GIVE all you like .

A great answer was the carpenter's mate asked him for a loan.

   He said I have an agreement with the Bank.     I don't lend money and they don't build houses.

Can also get rid of those you can do without if they don't return a tenner or fiver 

Another of her favourites was "Never a borrower or lender be.............." & I've forgotten the rest, can't be bothered googling either

& further - try not to let non-punters know you are a punter. Your immediately seen as a mug, a loser, someone who is carefree with money. If you can blow $50 on a horse you can shout an "extra" round for the party. Sad but true.

And I am lousy when it comes to spending on myself , have minimal needs

Dr E wrote: Gotta love the guy who spends half a thread acknowledging he's got nothing because of his inept real estate knowledge and lack of vision, yet still defends some random list he found that shows Tweed Heads is somehow as "unaffordable" as Sydney (?), to be indisputable fact and real estate gospel ... everyone has "that" Uncle ... hands up if you saw him at a family event this past year and he gave you some kind of real estate or financial advice? ... I was actually thinking of sending Federer a text telling him how to go about it, before his match today!

I posted that table as a matter of interest showing Australian house prices are unaffordable





Edited by Gay3 - 25 Jan 2018 at 8:34am

Sorry, no more free education for you Afros ... keep listening to Whale though - fortunately there are lots of nice government assisted housing schemes in Australia.

Most people who get their advice from the media would have sold up in Sydney in 2011 ... the favourite real estate piece on Chanel 9 over the past 20 years has been the warning of the impending "REAL ESTATE BUBBLE".

I have a question about buying real estate.

Is it worth buying a new property to take advantage of government grants, first home buyer grant and no stamp duty, over an existing property?

My casual observation is there appears to be a price premium attached to new properties but I don't have the knowledge to accurately weight it in terms of value.

Great Stuff Doc.

We have always concentrated on desperate sales with value offers and prepared to renovate as we can do most things ourselves.
    True saying is POSITION, POSITION, POSITION.       and that means the simple ( what Residential area is best prospects in a City one can afford ).

Over the years on TBV some great advice has been put forward by quite a few members and anyone who followed those tips way back ( 8 or 9 years , some of them )   have done really well.   ( ignore posts by BROOKE ).

I have noted new Developements 15K to Brisbane North are too expensive by comparison ( my view only ),   but The area prices are being pushed by
The Armed Services buying up big.     Has lifted the region in a very positive way ( relatively crime free etc. )

A little further out > Petrie > area will lift with a University scheduled to open in 12 months or so ..   Numerous members have mentioned that ....    lol , Buy a big house and let rooms to Uni Students , aye .

Petrie Uni due to open ..... Will do wonders for a huge area.