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http://www.ozpolitic.com/forum/YaBB.pl General Discussion >> General Board >> House Prices on the move... UP! http://www.ozpolitic.com/forum/YaBB.pl?num=1360626805 Message started by longweekend58 on Feb 12^th, 2013 at 9:53am

Title: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 9:53am

http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0

despite the regular prognosticators or doom, gloom and housing crashes, the market has recovered from its small slump and is back onthe move - UP.

It is also worth noting that the ABS stats mirror very closely those of the Real Estate Insitiute which are so often maligned on here.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 12^th, 2013 at 9:54am

Hi Longy - how come you're no longer gold_medal?

You have been forgiven:

http://www.ozpolitic.com/forum/YaBB.pl?num=1356646946/114#114

Title: Re: House Prices on the move... UP!
Post by aquascoot on Feb 12^th, 2013 at 10:11am

that does surprise me.
there is obviously some pent up demand
i cant see the market really booming but i cant see it crashing either.
i would think given population growth from migration, and high rentals it will slowly stagger around.
could get a boost if the reserve keep driving interest rates through the floor.

i imagine there is a variation between the states as well.

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 12^th, 2013 at 10:15am

lol@ bobby.

Why is it good news that house prices are on the way up again?

What about the people who just want a place to live? A roof over their heads for their families?

Increasing house prices usually means rents will be on the way up again which means more and more people won't be able to afford to buy or rent which means more people will be forced to live with family or friends (or on the streets or in cars, etc.).

It also puts more pressure on public housing waiting lists as more and more people apply (good luck with that one, unless you're prepared to wait 10-20 years).

The only people who benefit from increasing house prices are sellers, real estate agents and banks (oh, and the Government of course).

It's a sad indictment of today's society when GREED rules and all that matters to some people is making more and more money on something which should be a basic human right (shelter) and too bad if people have to live on the streets.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 10:18am

longweekend58 wrote on Feb 12^th, 2013 at 9:53am:

Bubble bubble toil of trouble !!

You know they are in trouble when the scumbag real estate institute have to go on national news to spruik up their auctions. If it's going so well why do they have to do this ;D ;D

and who's buying anyway ? the average battler can't afford their overpriced rubbish.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 10:22am

Carl D wrote on Feb 12^th, 2013 at 10:15am:

I didnt say anything about it being 'good'. I was merely rebuffing the array of idiots that have been predicting a massice price crash which WOULD be bad. What isnt stated in the article very clearly is that prices are expected to be no more than CPI or possibly less so that mean that affordability doesnt get worse. THAT is good news.

BTW Shelter is a basic human right. But 'shelter' is not a govt-subsidised or free 4BR home in a nice suburb. That is housing - a different concept.

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 12^th, 2013 at 10:23am

Quote:

You know they are in trouble when the scumbag real estate institute have to go on national news to spruik up their auctions. If it's going so well why do they have to do this

Maybe it's the new season of 'The Block' on Channel 9 that's creating all the excitement? ;D

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 10:28am

longweekend58 wrote on Feb 12^th, 2013 at 10:22am:

Carl D wrote on Feb 12^th, 2013 at 10:15am:

so why didn't you buy f.ckstick when you were telling everyone else too ? Surely if the road to riches is just about flipping properties to each other at ever increasing prices then what is your excuse ? Why do you run a business when you can just make easy money flipping properties and like you keep saying house prices only go up in australia don't they ? ;D ;D

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 10:33am

Carl D wrote on Feb 12^th, 2013 at 10:15am:

to a selfish christian such as longloser it's always good news when the majority of society get ripped off especially on a necessity of life such as a roof over you head. what does that say about the dude ?

He'd rather feel good about the so called value of his house rising rather than to see other people being able to live in one :( Selfish bastard !!

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 12^th, 2013 at 10:36am

Well, Longy. You'll have to excuse me but I do have a personal axe to grind here.

In December 2008, my 80 year old aunt and I (I was 51 at the time) were private renting (at $215 a week).

We had a call from the landlord saying he was going to increase the rent to $300-$350 a week.

The reason? A scumbag real estate agent was trying to get him to sell (again) and when he said "no", the estate agent asked how much rent he was getting and when the landlord said "$215 a week" the agent said "Oh, you should be getting a lot more than that" (because every other landlord in the area was, apparently).

And, by the way... the place had been paid off for years.

We managed to get the landlord to settle for $300 a week but the message basically was: "If you can't pay it then you're out on the street". Nice. Especially for an 80 year old lady.

We applied for public housing the next day and, fortunately, we only had to wait two and a half years (got it in mid 2011). Fortunate because the landlord was about to sell the place anyway (because his 'financial advisor' advised him to). And, the rent was still $300 a week when we moved out but he was planning to increase it to $400+ if he hadn't sold.

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 12^th, 2013 at 10:38am

Hi, nail.

We may have to start another forgiveness thread for Longy if he keeps this up. ;D

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 10:42am

Carl D wrote on Feb 12^th, 2013 at 10:23am:

Quote:

You know they are in trouble when the scumbag real estate institute have to go on national news to spruik up their auctions. If it's going so well why do they have to do this

Maybe it's the new season of 'The Block' on Channel 9 that's creating all the excitement? ;D

No there is a more sinister force at play here. When I was in Malaysia recently there were adverts wanting people to migrate to australia and buy property. Most poor malayans could not afford that so they were obviously aiming it at the rich chinese.

You see this labor government is slowly selling out australians just so it can keep a floor under house prices so they won't collapse. That means many people who have lived here all of their life will never be able to afford to live in their own home in their own country. This is what labor has been doing in the background. They have been medaling with the housing market ever since the GFC and labor wonders why it is going to get booted out at the next election by the very people that have voted for them for years !!

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 12^th, 2013 at 10:45am

Carl D wrote on Feb 12^th, 2013 at 10:38am:

Hi, nail.

We may have to start another forgiveness thread for Longy if he keeps this up. ;D

Include your forgiveness prayers for Longy on this thread:

http://www.ozpolitic.com/forum/YaBB.pl?num=1356646946/114#114

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 10:46am

Sir lastnail wrote on Feb 12^th, 2013 at 10:18am:

longweekend58 wrote on Feb 12^th, 2013 at 9:53am:

you cant read, can you? the ABS say that the prices are going up and thet they are selling...

this is usually where you find a few examples that arent selling or losing price while ignoring everyone else.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 10:48am

Carl D wrote on Feb 12^th, 2013 at 10:36am:

And then they tell us that all of this corporate welfare in the form of negative gearing tax concessions on property creates lots of low cost rental property for the benefits of renters when the main priority is some scumbag making a quick buck flipping properties. Go figure !!

And when Ken Henry told labor to ditch negative gearing on properties which would contribute an extra 4-5 billion in uncollected taxes labor didn't blink an eye !!

Who really are the corporate criminals here ?

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 10:49am

Carl D wrote on Feb 12^th, 2013 at 10:36am:

so why at 80 had she not already bought and paid for her own home? if u take the advice of the lieks of stupid-nail or pansi then you will rent all the time and end up like your aunt. If you take more traditional advice and buy a home when you are younger then when you are old you dont need to rent at all and you can even reverse mortgage or downsize and enjoy the cash.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 10:50am

longweekend58 wrote on Feb 12^th, 2013 at 10:46am:

Sir lastnail wrote on Feb 12^th, 2013 at 10:18am:

longweekend58 wrote on Feb 12^th, 2013 at 9:53am:

so why aren't you buying if prices always go up ? what's your excuse now ? Surely it must be easier than running your own business ? ;D ;D

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 10:51am

Sir lastnail wrote on Feb 12^th, 2013 at 10:48am:

Carl D wrote on Feb 12^th, 2013 at 10:36am:

the whole point of this thread, losernail, is to remind you how yet another of your predictions has failed. the 40% price crash you have predicted and pansi's 75% crash ended up being a ~7% price correction followed by more increases at approx the CPI.

you are wrong yet again. nothing new.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 11:03am

longweekend58 wrote on Feb 12^th, 2013 at 10:51am:

Sir lastnail wrote on Feb 12^th, 2013 at 10:48am:

Carl D wrote on Feb 12^th, 2013 at 10:36am:

there is no point to any of your threads except strawman arguments.

all your whole argument is based on some bullshit ABS rubbery figures that always gives us 5% unemployment when a lot of areas have 20% or more !!

if like you say that my predictions have failed and that house prices never go down in australia then why aren't you buying them up and making an easy profit ?

why are you running a business when you could be flipping properties and making easy money ?

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 11:05am

Sir lastnail wrote on Feb 12^th, 2013 at 11:03am:

longweekend58 wrote on Feb 12^th, 2013 at 10:51am:

Sir lastnail wrote on Feb 12^th, 2013 at 10:48am:

Carl D wrote on Feb 12^th, 2013 at 10:36am:

based on some bullshit ABS rubbery figures that always gives us 5% unemployment when a lot of areas have 20% or more !!

if like you say that my predictions have failed and that house prices never go down in australia then why aren't you buying them up and making an easy profit ?

why are you running a business when you could be flipping properties and making easy money ?

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

You do realise that the ABS has the ACTUAL SALES figures, dont you? UNlike you, they arent iminaging the results or making them up.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 11:08am

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

so why aren't you buying when according to you, property prices always rise in australia ?

How come you always knock back a great opportunity to make some easy money flipping properties ?

How come ?

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 12:08pm

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 12:17pm

longweekend58 wrote on Feb 12^th, 2013 at 12:08pm:

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

all because the ABS says so ;D ;D

so why aren't you buying dickhead ?

surely you can't lose ;D ;D ;D

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 1:42pm

Sir lastnail wrote on Feb 12^th, 2013 at 12:17pm:

longweekend58 wrote on Feb 12^th, 2013 at 12:08pm:

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

all because the ABS says so ;D ;D

so why aren't you buying dickhead ?

surely you can't lose ;D ;D ;D

you dont beleive ANYONE other than your self.

probably explains your perpetual life failure.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 12^th, 2013 at 1:49pm

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 12^th, 2013 at 1:55pm

Carl D wrote on Feb 12^th, 2013 at 10:36am:

and the fact that you agreed to $300 per week is proof that the market would meet that price and the agent advising them told them the right thing. Should your landlord be forced to pay because his tenant is 80yrs old? Since you are 55yrs old will you subsidise my 3 yr old? Your autie (without meaning to sound disrespectful) should have considered her rental situation when she was 30 or 40 .... not wait until 80 then say I cannot afford it. I have two tenants who just in the last month have bought a house because they are planning for when they retire in 20 or 30 yrs.

I doubt you really know if your landlord had the property paid off or the state of his finances, and you shouldn't assume that because he's had the house for a period of time, it is paid for. He may have mortgaged it to buy another property or to give to the salvo's ..... I'm sure he doesn't run his affairs by you.

The harsh reality is most elderly cannot afford to rent in the more popular areas, and need to move to lessor appealing areas or retirement vilalges, or as you did, dept. of housing (you were very lucky you only waited 2.5yrs). It is not up to landlords to subsidise for those that cannot afford ... thats govt.s job.

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 12^th, 2013 at 1:56pm

Sir lastnail wrote on Feb 12^th, 2013 at 12:17pm:

longweekend58 wrote on Feb 12^th, 2013 at 12:08pm:

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

all because the ABS says so ;D ;D

so why aren't you buying dickhead ?

surely you can't lose ;D ;D ;D

it's not just ABS ... the average figures are going up for everyone.

Title: Re: House Prices on the move... UP!
Post by aquascoot on Feb 12^th, 2013 at 2:04pm

Carl D wrote on Feb 12^th, 2013 at 10:36am:

Carl D , 10 posts and you're already calling him longy. please identify yourself :D :D :D :D

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 12^th, 2013 at 2:06pm

John Smith,

Quote:

It is not up to landlords to subsidise for those that cannot afford ... that's govt.s job.

It's actually the landlords who have to increase rent to pay the tax on the income they get for rents.

The Federal Government's high taxes have caused rents to increase.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 2:18pm

longweekend58 wrote on Feb 12^th, 2013 at 1:42pm:

Sir lastnail wrote on Feb 12^th, 2013 at 12:17pm:

longweekend58 wrote on Feb 12^th, 2013 at 12:08pm:

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

all because the ABS says so ;D ;D

so why aren't you buying dickhead ?

surely you can't lose ;D ;D ;D

you dont beleive ANYONE other than your self.

probably explains your perpetual life failure.

says he who borrows against his own home and risks it on a hair brained business venture but won't take his own financial advice and buy property which apparently you can't lose on. Go figure !!

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 12^th, 2013 at 2:37pm

Sometimes they say prices are going up other times they say they are going down - the fact still remains that they are too high and not many are buying. Whoever "they" is that determines which way they are going is just making it up.

SOB

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 12^th, 2013 at 3:08pm

Bobby. wrote on Feb 12^th, 2013 at 2:06pm:

John Smith,

Quote:

It is not up to landlords to subsidise for those that cannot afford ... that's govt.s job.

It's actually the landlords who have to increase rent to pay the tax on the income they get for rents.

The Federal Government's high taxes have caused rents to increase.

that must be it ..... not

most investment properties are negatively geared and you save more tax than what you pay ... good attempt though Bobby, keep trying.

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 12^th, 2013 at 3:11pm

Sir lastnail wrote on Feb 12^th, 2013 at 2:18pm:

longweekend58 wrote on Feb 12^th, 2013 at 1:42pm:

Sir lastnail wrote on Feb 12^th, 2013 at 12:17pm:

longweekend58 wrote on Feb 12^th, 2013 at 12:08pm:

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

all because the ABS says so ;D ;D

so why aren't you buying dickhead ?

surely you can't lose ;D ;D ;D

you dont beleive ANYONE other than your self.

probably explains your perpetual life failure.

says he who borrows against his own home and risks it on a hair brained business venture but won't take his own financial advice and buy property which apparently you can't lose on. Go figure !!

there is a difference between knowing a good deal, and being able to afford a good deal ..

this is one of the few times I agree with longy, but because of other commitments, I cannot buy either ... I wish I could . In fact, my wife and I were discussing just the other day whether we could refinance and restructure our business and private debts so as to be able to take advantage of the declining market ...

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 12^th, 2013 at 3:15pm

Sir Spot of Borg wrote on Feb 12^th, 2013 at 2:37pm:

the figures showing prices going up are a natioanl average based on sales figures for the last month or two ... sure, in a country the size of australia it's not a uniform movement, and there are areas that are not going up .. but overall, average prices are going up.

Your assumption that they are making it up is based on the fact that you are unable to sell some derelict home in some hole in the middle of woop woop where no one wants to live ...

I know who's conclusions I'll believe

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 3:34pm

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

:D ;D :D ;D :D ;D

idiot.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 3:36pm

aquascoot wrote on Feb 12^th, 2013 at 2:04pm:

Carl D wrote on Feb 12^th, 2013 at 10:36am:

Carl D , 10 posts and you're already calling him longy. please identify yourself :D :D :D :D

hes one of those ALP-paid socks that were reported yesterday. its just another ID from the same small crowd.

Title: Re: House Prices on the move... UP!
Post by Andrei.Hicks on Feb 12^th, 2013 at 3:38pm

I hope this is the case, I have decided to sell this year given I cannot see myself returning to Australia.

I'd like to think I'll get at least $200k more than I paid.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 3:39pm

Sir lastnail wrote on Feb 12^th, 2013 at 2:18pm:

longweekend58 wrote on Feb 12^th, 2013 at 1:42pm:

Sir lastnail wrote on Feb 12^th, 2013 at 12:17pm:

longweekend58 wrote on Feb 12^th, 2013 at 12:08pm:

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

all because the ABS says so ;D ;D

so why aren't you buying dickhead ?

surely you can't lose ;D ;D ;D

you dont beleive ANYONE other than your self.

probably explains your perpetual life failure.

says he who borrows against his own home and risks it on a hair brained business venture but won't take his own financial advice and buy property which apparently you can't lose on. Go figure !!

just because your business venture failed doesnt mean everyone else's done. I take risks - measured risks - and like everyone else I need seed capital. At least I have a home still. You never have.

Title: Re: House Prices on the move... UP!
Post by Andrei.Hicks on Feb 12^th, 2013 at 3:39pm

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

Bobby, you wondered why you come across as simple a lot of the time.

This is one of those examples as to why.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 3:39pm

Sir Spot of Borg wrote on Feb 12^th, 2013 at 2:37pm:

you are so stupid... because YOU dont understand it, it isnt real. you are a moron.

Title: Re: House Prices on the move... UP!
Post by Andrei.Hicks on Feb 12^th, 2013 at 3:48pm

Sir Spot of Borg wrote on Feb 12^th, 2013 at 2:37pm:

"they" do not determine anything.

When they say prices are going up or stabilising, it's being based on several quarters worth of sales results.

It's called reporting of market trends.

Seriously, do you have to question everything just because you don't understand it??

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 12^th, 2013 at 4:03pm

longweekend58 wrote on Feb 12^th, 2013 at 3:39pm:

Sir Spot of Borg wrote on Feb 12^th, 2013 at 2:37pm:

you are so stupid... because YOU dont understand it, it isnt real. you are a moron.

Go away troll

SOB

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 12^th, 2013 at 4:03pm

John Smith wrote on Feb 12^th, 2013 at 3:08pm:

Bobby. wrote on Feb 12^th, 2013 at 2:06pm:

John Smith,

Quote:

It is not up to landlords to subsidise for those that cannot afford ... that's govt.s job.

It's actually the landlords who have to increase rent to pay the tax on the income they get for rents.

The Federal Government's high taxes have caused rents to increase.

that must be it ..... not

most investment properties are negatively geared and you save more tax than what you pay ... good attempt though Bobby, keep trying.

I know many people who own investment flats who have had to
put up their rents because they were being chased for tax.

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 12^th, 2013 at 4:04pm

Andrei.Hicks wrote on Feb 12^th, 2013 at 3:48pm:

Sir Spot of Borg wrote on Feb 12^th, 2013 at 2:37pm:

I take it you never ask any questions?

SOB

Title: Re: House Prices on the move... UP!
Post by Andrei.Hicks on Feb 12^th, 2013 at 4:07pm

Not stupid ones, no.

You're 2 decades older than me yet seem to know very little.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 4:30pm

longweekend58 wrote on Feb 12^th, 2013 at 3:39pm:

Sir lastnail wrote on Feb 12^th, 2013 at 2:18pm:

longweekend58 wrote on Feb 12^th, 2013 at 1:42pm:

Sir lastnail wrote on Feb 12^th, 2013 at 12:17pm:

longweekend58 wrote on Feb 12^th, 2013 at 12:08pm:

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

all because the ABS says so ;D ;D

so why aren't you buying dickhead ?

surely you can't lose ;D ;D ;D

you dont beleive ANYONE other than your self.

probably explains your perpetual life failure.

says he who borrows against his own home and risks it on a hair brained business venture but won't take his own financial advice and buy property which apparently you can't lose on. Go figure !!

just because your business venture failed doesnt mean everyone else's done. I take risks - measured risks - and like everyone else I need seed capital. At least I have a home still. You never have.

but according to you property is no risk and you can make a quick and easy buck with minimal effort because house prices always rise in australia.

So how come you haven't jumped on the gravy train ?

You can't lose !!

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 12^th, 2013 at 4:57pm

Sir lastnail wrote on Feb 12^th, 2013 at 4:30pm:

longweekend58 wrote on Feb 12^th, 2013 at 3:39pm:

Sir lastnail wrote on Feb 12^th, 2013 at 2:18pm:

longweekend58 wrote on Feb 12^th, 2013 at 1:42pm:

Sir lastnail wrote on Feb 12^th, 2013 at 12:17pm:

longweekend58 wrote on Feb 12^th, 2013 at 12:08pm:

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

all because the ABS says so ;D ;D

so why aren't you buying dickhead ?

surely you can't lose ;D ;D ;D

you dont beleive ANYONE other than your self.

probably explains your perpetual life failure.

says he who borrows against his own home and risks it on a hair brained business venture but won't take his own financial advice and buy property which apparently you can't lose on. Go figure !!

just because your business venture failed doesnt mean everyone else's done. I take risks - measured risks - and like everyone else I need seed capital. At least I have a home still. You never have.

poor diddums...

still reacting to
1) business failure
2) relationship failure
3) financial failure
4) educational failure
5) and more...

stop venting your failures here and blaming everybody else for your stupidity.

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 12^th, 2013 at 5:37pm

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

Well, if you can provide us with a working time machine to take us back about 40 years I'm sure we'll be able to make good use of your advice.

But, back in the real world, we have to make the best of what we have. Paying $177 a week rent as we do now sure beats paying $450 a week (that's the average rent here in Perth at the moment, btw).

I worked out some time ago that I'm better off living in public housing paying a quarter of my income (which, in WA public housing at the moment is $430 a week before tax) than I would be working full time and paying private rent.

That means I work about 20 hours a week with lots of spare time to take care of my aunt and take her out, etc.

At least if anything happens to me, my elderly aunt will have an affordable place to live in. Her pension wouldn't even cover the cost of the cheapest private rental in Perth right now. And, we're not at the mercy of private landlords who might decide to kick you out because they want to sell the place, etc.

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 12^th, 2013 at 5:42pm

longweekend58 wrote on Feb 12^th, 2013 at 3:36pm:

aquascoot wrote on Feb 12^th, 2013 at 2:04pm:

Carl D , 10 posts and you're already calling him longy. please identify yourself :D :D :D :D

hes one of those ALP-paid socks that were reported yesterday. its just another ID from the same small crowd.

Helllloooo... wakey wakey.

As I mentioned in another post last week, I was a member here (using the name Carl D) until late last year when I deleted my account. I think I had about 125 posts at the time.

I'd also been lurking here for ages even before I first signed up here so I was already familiar with a lot of the different 'personalities'.

Is everything clear now?

Oh... you're forgiven again.

Namaste.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 12^th, 2013 at 5:44pm

Longweekend,
poor diddums...

Quote:

still reacting to
1) business failure
2) relationship failure
3) financial failure
4) educational failure
5) and more...

stop venting your failures here and blaming everybody else for your stupidity.

All false allegations made against Nail.

forgiven

namaste

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 5:57pm

longweekend58 wrote on Feb 12^th, 2013 at 4:57pm:

and speaking of failures how's your bullshit business going lately ;D ;D ;D

has the bank come to repossess you house yet. Donl;t worry give it a bit more time ;D

and what's with this diddums all of the time ? you sound like a fag.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 6:00pm

Carl D wrote on Feb 12^th, 2013 at 5:37pm:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

and this dude longloser is supposed to be a christian that frequents a church each week.

can you believe that from the way he scorns at people's unfortunate circumstances in life ?

Go figure !!

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 12^th, 2013 at 7:00pm

Bobby. wrote on Feb 12^th, 2013 at 4:03pm:

John Smith wrote on Feb 12^th, 2013 at 3:08pm:

Bobby. wrote on Feb 12^th, 2013 at 2:06pm:

John Smith,

Quote:

It is not up to landlords to subsidise for those that cannot afford ... that's govt.s job.

It's actually the landlords who have to increase rent to pay the tax on the income they get for rents.

The Federal Government's high taxes have caused rents to increase.

that must be it ..... not

most investment properties are negatively geared and you save more tax than what you pay ... good attempt though Bobby, keep trying.

I know many people who own investment flats who have had to
put up their rents because they were being chased for tax.

but was the tax owed because of the rent, or was the tax owed because of bad business practices and they were simply trying to use rent to cover the tax that they owed regardless of the investment property??

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 12^th, 2013 at 7:05pm

Sir lastnail wrote on Feb 12^th, 2013 at 4:30pm:

longweekend58 wrote on Feb 12^th, 2013 at 3:39pm:

Sir lastnail wrote on Feb 12^th, 2013 at 2:18pm:

longweekend58 wrote on Feb 12^th, 2013 at 1:42pm:

Sir lastnail wrote on Feb 12^th, 2013 at 12:17pm:

longweekend58 wrote on Feb 12^th, 2013 at 12:08pm:

Sir lastnail wrote on Feb 12^th, 2013 at 11:08am:

longweekend58 wrote on Feb 12^th, 2013 at 11:05am:

how predictable... now you say the ABS are wrong because they disagree with YOU. It's a bit hard to take anything you say seriously with that approach.

ah.. poor old deflecto-nail. couldnt address a topic if he life depended on it.

all because the ABS says so ;D ;D

so why aren't you buying dickhead ?

surely you can't lose ;D ;D ;D

you dont beleive ANYONE other than your self.

probably explains your perpetual life failure.

says he who borrows against his own home and risks it on a hair brained business venture but won't take his own financial advice and buy property which apparently you can't lose on. Go figure !!

just because your business venture failed doesnt mean everyone else's done. I take risks - measured risks - and like everyone else I need seed capital. At least I have a home still. You never have.

just after I posted my comments here this afternoon I had a meeting with my tiler ( i needed a quote) and he was telling me about his latest property deal .... bought it 13 months ago, paid $280k, spent about $50 on renovations while he was living in it, all renovations were done during his spare time, sold it recently for a net profit of $75 k. tax free.

you show me any other sort of investment where you can make that sort of money in your spare time, tax free ... and all the while he wasn't paying some other smucks mortgage while by paying rent.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 12^th, 2013 at 7:43pm

John Smith wrote on Feb 12^th, 2013 at 7:00pm:

Bobby. wrote on Feb 12^th, 2013 at 4:03pm:

John Smith wrote on Feb 12^th, 2013 at 3:08pm:

Bobby. wrote on Feb 12^th, 2013 at 2:06pm:

John Smith,

Quote:

It is not up to landlords to subsidise for those that cannot afford ... that's govt.s job.

It's actually the landlords who have to increase rent to pay the tax on the income they get for rents.

The Federal Government's high taxes have caused rents to increase.

that must be it ..... not

most investment properties are negatively geared and you save more tax than what you pay ... good attempt though Bobby, keep trying.

I know many people who own investment flats who have had to
put up their rents because they were being chased for tax.

In one case it was a house that was split into upstairs & downstairs.
The downstairs was a small separate living area with: one bedroom, a kitchen , laundry & living room.
The person concerned was just an old age pensioner who was trying to make an extra
$180 a week on their pension from rent.
That person also worked part time for a citizens advice bureau & the end
result was that the tax was so high that they lost all their income
from that part time job in tax.

He then put the rent up & gave up his part time job.
He is 85 years old & even he was chased for tax.

shame!

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 8:07pm

John Smith wrote on Feb 12^th, 2013 at 7:05pm:

tell that to longloser, he thinks you can run an economy exclusively by flipping houses to each other at ever increasing prices even though he never participates himself ;) And there were plenty of good luck stories like that in Ireland, so what happened in the end ?

but if it's all win win win for everyone and nobody loses then who's paying the interest on the 1.3 trillion dollars of housing debt in australia ?

http://www.australiandebtclock.com.au/

win win win !! you can't lose just like Ireland , Spain, US, Japan etc. They were all winners on property deals ;)

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 12^th, 2013 at 8:13pm

John Smith wrote on Feb 12^th, 2013 at 7:00pm:

Bobby. wrote on Feb 12^th, 2013 at 4:03pm:

John Smith wrote on Feb 12^th, 2013 at 3:08pm:

Bobby. wrote on Feb 12^th, 2013 at 2:06pm:

John Smith,

Quote:

It is not up to landlords to subsidise for those that cannot afford ... that's govt.s job.

It's actually the landlords who have to increase rent to pay the tax on the income they get for rents.

The Federal Government's high taxes have caused rents to increase.

that must be it ..... not

most investment properties are negatively geared and you save more tax than what you pay ... good attempt though Bobby, keep trying.

I know many people who own investment flats who have had to
put up their rents because they were being chased for tax.

there are 850,000 people in mortgage and rental stress in australia. Contrary to your beliefs there are a lot of people who lose on property deals. If it was such a winner you wouldn't need to do anything else other than sell houses to each other at ever increasing prices and bank debt ;)

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 12^th, 2013 at 9:01pm

Sir lastnail wrote on Feb 12^th, 2013 at 8:13pm:

John Smith wrote on Feb 12^th, 2013 at 7:00pm:

Bobby. wrote on Feb 12^th, 2013 at 4:03pm:

John Smith wrote on Feb 12^th, 2013 at 3:08pm:

Bobby. wrote on Feb 12^th, 2013 at 2:06pm:

John Smith,

Quote:

It is not up to landlords to subsidise for those that cannot afford ... that's govt.s job.

It's actually the landlords who have to increase rent to pay the tax on the income they get for rents.

The Federal Government's high taxes have caused rents to increase.

that must be it ..... not

most investment properties are negatively geared and you save more tax than what you pay ... good attempt though Bobby, keep trying.

I know many people who own investment flats who have had to
put up their rents because they were being chased for tax.

850 000 people with mortgages means there are 850 000 less people on the rental market . someone has to own the houses you rent. You cannot live in a house that belongs to no one. If your landlord hadn't bought the house you would have no where to live.

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 12^th, 2013 at 9:06pm

Sir lastnail wrote on Feb 12^th, 2013 at 8:13pm:

Contrary to your beliefs there are a lot of people who lose on property deals

sure there are, there are no guarantees in life for anything apart from taxes and death. Not everyone is cut out to own a home. That does not mean that property is a bad investment just because some people are stupid ... those in trouble or suffering are those that overcommitted or overextended themselves ...

I have several loans, I also have contingency's in place to cover my mortage for at least 12 months if things turn bad or I break my neck and cannot work, and then I have insurance will cover me for a further 12 months if the first 12 months isn't enough. If 24 months isn't enough then I've probably got bigger things to worry about then money.

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 13^th, 2013 at 5:30am

Carl D wrote on Feb 12^th, 2013 at 5:37pm:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

Its like that everywhere in australia now. . . . :(

SOB

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 13^th, 2013 at 5:33am

John Smith wrote on Feb 12^th, 2013 at 9:06pm:

Sir lastnail wrote on Feb 12^th, 2013 at 8:13pm:

Contrary to your beliefs there are a lot of people who lose on property deals

What if the place where you buy your house goes bad? Like the principle places of employment in the area close down and it becomes a place full of unemployed ppl. Blaming the victim doesnt work then does it.

SOB

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 13^th, 2013 at 8:53am

Sir Spot of Borg wrote on Feb 13^th, 2013 at 5:33am:

John Smith wrote on Feb 12^th, 2013 at 9:06pm:

Sir lastnail wrote on Feb 12^th, 2013 at 8:13pm:

Contrary to your beliefs there are a lot of people who lose on property deals

you need to consider that before buying .... lots of investors buying in mining towns will get stung when the mines close down, and sooner or later they all close down ...

$200 000 houses are selling for $1 million while the mine is running because of the exorbitant rents they can charge the miners, but buy the property at $1 million and you'd better not still be hanging onto it when the mine closes or you will be guaranteed to lose a small fortune.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 9:54am

John Smith wrote on Feb 12^th, 2013 at 9:01pm:

Sir lastnail wrote on Feb 12^th, 2013 at 8:13pm:

John Smith wrote on Feb 12^th, 2013 at 7:00pm:

Bobby. wrote on Feb 12^th, 2013 at 4:03pm:

John Smith wrote on Feb 12^th, 2013 at 3:08pm:

Bobby. wrote on Feb 12^th, 2013 at 2:06pm:

John Smith,

Quote:

It is not up to landlords to subsidise for those that cannot afford ... that's govt.s job.

It's actually the landlords who have to increase rent to pay the tax on the income they get for rents.

The Federal Government's high taxes have caused rents to increase.

that must be it ..... not

most investment properties are negatively geared and you save more tax than what you pay ... good attempt though Bobby, keep trying.

I know many people who own investment flats who have had to
put up their rents because they were being chased for tax.

no that is 850,000 in mortgage and rental stress !!

The thing is what would happen if there are no tax incentives such as negative gearing etc for landlords to hoard properties which essentially denies them to people who genuinely want to own one ? House prices would plummet because genuine buyers would no longer compete with hoarders and speculators who are willing to pay more !!

Title: Re: House Prices on the move... UP!
Post by Andrei.Hicks on Feb 13^th, 2013 at 10:32am

My house has been valued at $250k more than I paid for it.

I expect to get at least $200k more than I paid when I sell this year.

I could not have found any route in savings to have earned that amount of money in the same timeframe.

Buy in the right place, near the right places (schools, shops, transport) and you will make money.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 10:50am

Andrei.Hicks wrote on Feb 13^th, 2013 at 10:32am:

My mothers house is worth over 2 million now but is an old dump that you wouldn't want to pay more than 300K for and even then you would feel sorry that you worked so hard for that money. Go figure !!

Hicks the truth of the matter is that your house is worth what it is because of 1.3 trillion in housing debt and not because it is actually worth that. A house is only worth what the bigger fool is willing to pay for it and there are no shortage of fools in australia which have the blessings of their banks behind them willing to pay so much for overpriced old rubbish :(

Title: Re: House Prices on the move... UP!
Post by rabbitoh07 on Feb 13^th, 2013 at 12:18pm

longweekend58 wrote on Feb 12^th, 2013 at 10:51am:

Yes. I blame the Labour Government for our healthy economy.

Bastards.

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 13^th, 2013 at 1:33pm

Quote:

I wonder what happened to the suggestion that was made several years ago that laws should be passed to allow a person to own one residential property and only one investment property?

Saw it in the newspaper, I think.

Went back into the 'too hard' basket, I guess?

And, since a lot of politicians also own investment properties I would have been very surprised to see it happen.

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 13^th, 2013 at 1:40pm

Sir lastnail wrote on Feb 13^th, 2013 at 9:54am:

John Smith wrote on Feb 12^th, 2013 at 9:01pm:

Sir lastnail wrote on Feb 12^th, 2013 at 8:13pm:

John Smith wrote on Feb 12^th, 2013 at 7:00pm:

Bobby. wrote on Feb 12^th, 2013 at 4:03pm:

John Smith wrote on Feb 12^th, 2013 at 3:08pm:

Bobby. wrote on Feb 12^th, 2013 at 2:06pm:

John Smith,

Quote:

It is not up to landlords to subsidise for those that cannot afford ... that's govt.s job.

It's actually the landlords who have to increase rent to pay the tax on the income they get for rents.

The Federal Government's high taxes have caused rents to increase.

that must be it ..... not

most investment properties are negatively geared and you save more tax than what you pay ... good attempt though Bobby, keep trying.

I know many people who own investment flats who have had to
put up their rents because they were being chased for tax.

what happens if they removed all the tax incentives and every investor sold out just as you dream will happen one day? Lets say you allow on one invester per renter, you would swap 850 000 investors for 850 000 onwers .... property prices would be unaffected as the demand for the properties stays the same ...

if you want to buy a house now there is nothing stopping you provided you were willing to buy in an area you can afford ... if you insist on harbourside than stop complaining about prices ...

(there are a lot of other variables that affect prices)

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 13^th, 2013 at 1:41pm

Sir lastnail wrote on Feb 13^th, 2013 at 10:50am:

Houses decrease in value, LAND increases. ....... what makes your mothers property worth 2 mil is the land ....

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 1:54pm

John Smith wrote on Feb 13^th, 2013 at 1:40pm:

you're forgetting that a lot of joints are owned by property investors and hoarders who get favourable tax concessions that owner occupiers don't get. In fact nearly half a trillion dollars worth of debt sunk into it by investors !! Making these joints available on the market would reduce prices as the supply would increase dramatically.

So how about a level playing field between investors and owner occupiers and scrap negative gearing on property ? Lets face it, investors don't buy property to do renters a favour and investing in some joint that was built in the 1920's doesn't increase the supply of rental properties. It's a scam that should be abolished which would free up 4-5 billion in uncollected tax per year.

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 13^th, 2013 at 2:05pm

John Smith wrote on Feb 13^th, 2013 at 8:53am:

Sir Spot of Borg wrote on Feb 13^th, 2013 at 5:33am:

John Smith wrote on Feb 12^th, 2013 at 9:06pm:

Sir lastnail wrote on Feb 12^th, 2013 at 8:13pm:

Contrary to your beliefs there are a lot of people who lose on property deals

You are right int he case of mining but there are other reasons a town can go off the map. Kingaroy (where joh lived) has disappeared off the map now because of subsequent governments getting rid of the transport (trains). A town my mother used to live in died when the abattoir closed. Nobody can predict all that stuff and not everyone can afford to buy in the city. In fact almost nobody can nowadays.

SOB

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 13^th, 2013 at 2:07pm

Carl D wrote on Feb 13^th, 2013 at 1:33pm:

Quote:

That cant be right because houses and units arent the only form if investment property.

SOB

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 13^th, 2013 at 2:13pm

Sir Spot of Borg wrote on Feb 13^th, 2013 at 2:07pm:

That cant be right because houses and units arent the only form if investment property.

SOB

I believe they were only referring to houses and units.

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 13^th, 2013 at 2:13pm

Sir lastnail wrote on Feb 13^th, 2013 at 1:54pm:

John Smith wrote on Feb 13^th, 2013 at 1:40pm:

I'm not forgetting nothing ... and it in itself does not push up prices ... investers do not offer more than owner occupiers because of negative gearing .. investors offer more when they think the property is worth more..... many investors often lose out on purchases over owner occupiers who have offered more..... in fact investors are usually very astute and try to buy the property for less than market value.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 2:30pm

John Smith wrote on Feb 13^th, 2013 at 2:13pm:

Quote:

Why abolishing negative gearing makes complete sense

As housing prices plummet in capital cities across Australia, with clearance rates in Melbourne and Sydney slumping to about 50% and prices dropping by 2% in the March quarter, one of Australia’s wealthiest property developers launched a bizarre defence of the negative gearing, the regime that operates to help maintain artificially high property prices.

Eddie Kutner, a former accountant and one of the founders and chairman of Melbourne-based apartment developer Central Equity, wrote an impassioned defence of negative gearing in The Age last week. Central Equity is one of Melbourne’s largest developers, with the Financial Review reporting that it allegedly generated a $59 million profit last year, after being privatised by Kutner and co-founders Dennis Wilson and John Bourke in 2006 for $67.5 million.

“Negative gearing” allows investors to use losses from property investments to reduce their overall taxable income. This effectively encourages property buyers to use debt and “bid up” the price of investment property in the hope of a subsequent capital gain. When utilising negative gearing, an investor will take out a substantial loan over a property, such that rental income is less than interest payments and other costs. The strategy is especially effective when the investor is paying the top marginal tax rate of 46%.

Eventually, when the property is finally sold, the investors will hope to make a “capital gain”. Courtesy of various poorly constructed government policy, capital gains are taxed at half the rate of income derived from labour.

Kutner made several claims in defence of negative gearing which appear somewhat illogical.

Kutner initially claimed that “for a short period, from 1986-88, treasurer Paul Keating abolished negative gearing for property investment, but quickly reinstated it when the disastrous impact of this policy on the housing market became obvious”.

This claim is mystifying given the temporary abolition of negative gearing by Keating was not a disaster at all — rather, as former ANZ chief economist Saul Eslake noted, “rents … actually only rose rapidly (at double-digit rates) in Sydney and Perth. And that was because rental vacancy rates were unusually low (in Sydney’s case, barely above 1%) before negative gearing was abolished. In other state capitals (where vacancy rates were higher), growth in rentals was either unchanged or, in Melbourne, actually slowed.”

Kutner then claimed that negative gearing must be a good idea because politicians like it, stating that “surely if negative gearing didn’t have a positive influence on supply (given that it involves a loss of tax revenue), it would be scrapped immediately”. Kutner appears to be confusing sound economic policy with populist vote seeking. Further, other countries don’t appear to share Kutner’s positive views on negative gearing, with the practice not permitted in most countries, including the US and Britain.

But Kutner’s arguments became even more baffling, with the multimillionaire developer claiming that “simply put, were it not for negative gearing, many investors could not afford and would not invest in property. Developments would not have the finance to proceed”.

Of course, the opposite is true.

Negative gearing encourages investors to pay far more for property than its “intrinsic value” (which is determined by the cash profits of an asset over its life, not merely what someone else is willing to pay). This is because the tax benefits of negative gearing compel investors to borrow excessively to purchase a property, so much so, that the yields on residential property are as low as 2% and most investors make a loss on their property investments.

Removing negative gearing would mean investors are not incentivised to borrow such large amounts and instead, investors would limit how much they pay for a property to ensure that they receive a reasonable risk-adjusted yield. This would make property far more affordable — the exact opposite to what Kutner claimed.

Kutner than noted that “if negative gearing were abolished not only would housing supply decrease and prices increase, but the rental market would be decimated. Sometimes 20 or more prospective tenants vie for one property. The rental market needs more properties, not fewer”. As Eslake noted, when negative gearing was removed in the 1980s, rental prices remained steady or actually fell in the majority of Australian cities. Housing supply itself wouldn’t necessarily decrease — however, the profits of builders such as Kutner’s Central Equity would fall and home prices would become far more affordable.

In 2008-09, negative gearing cost taxpayers about $4 billion — a proportion of that windfall effectively was transferred to developers such as Central Equity who received higher prices for their “off-the-plan” apartment sales.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 2:31pm

Quote:

Aside from making homes unaffordable for millions of Australian, negative gearing benefits investment in passive assets like real estate, over more productive assets. It is a poorly thought out policy that benefits a wealthy minority and penalises the majority of Australians, young and old.

http://www.crikey.com.au/2011/05/10/why-abolishing-negative-gearing-makes-complete-sense/

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 13^th, 2013 at 3:16pm

I'm not so sure why you are so against negative gearing (by the way, did you write that article. .. good opinion poece, low of facts) ...are you against all forms of tax deductions?

our tax system is based on being able to claim expenses use to aquire an income as tax deductions ... if you tax the income, you claim the expenses incurred, simple .... do you claim your wages are higher because of the claims you make against your income?

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 4:15pm

John Smith wrote on Feb 13^th, 2013 at 3:16pm:

there are plenty of other articles that more or less say the same thing. Even Ken Henry told labor to ditch it in his tax review !!

http://news.domain.com.au/domain/real-estate-news/theres-little-positive-about-negative-gearing-20111006-1la92.html

Quote:

There's little positive about negative gearing

Property manager Eddie Kutner of Central Equity Ltd had just finished putting the case for the rule that allows investors to write off losses made on rental properties against other income before selling the property and pocketing a capital gain taxed at only half their marginal rate.

It was "a responsible part of providing accommodation, a very defensible proposition".

David Koch, the finance journalist and Sunrise host, was at the summit as a community representative.

"Negative gearing on an unproductive asset? Does it just go on for time immemorial or is it time to actually put some limits on it - to say, OK for the first five years, but if it's not producing an income after that why are you there?

"It's done purely for the attraction of letting the taxman pay half. I'm not saying get rid of it all together, but there's got to be a limit - it just can't go on forever."

Mr Australia had spoken. No one returned to the topic.

Earlier the Grattan Institute economist, Saul Eslake, turned the Prime Minister, Julia Gillard, and the Treasurer, Wayne Swan, stony-faced when he said the practice transferred $4.5 billion per year from ordinary taxpayers to affluent ones.

"There are now 1.7 million of them, and they vote," he added. "Which is why the subject is off the agenda for both major political parties."

It was not true that the brief suspension of the practice by former treasurer Paul Keating in the mid-1980s led to a surge in rents. Nine out of 10 negative-geared properties were existing units or houses rather than new ones. Rather than boost the supply of properties negative gearing pushed up the price of existing ones.

"The US has never had negative gearing yet they have never had a rental vacancy rate of less than 5 per cent. We have negative gearing and we have never had a vacancy rate in rental properties of over 5 per cent," Mr Eslake said.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 13^th, 2013 at 5:11pm

Carl D wrote on Feb 12^th, 2013 at 5:37pm:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

its the argument of someone with low ambitions. you don't need a time machine. 60 years ago your aunt should have had the brains everyone else dd and bought a house for her retirement. Instead who probably wasted her money or followed dopey advice like yours Now she is literally paying for it when should could already own her home and be hundreds of thousands of dollars better off. that's what comes from following dopey advice like lastnail's.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 13^th, 2013 at 5:13pm

Sir lastnail wrote on Feb 12^th, 2013 at 6:00pm:

Carl D wrote on Feb 12^th, 2013 at 5:37pm:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

and this dude longloser is supposed to be a christian that frequents a church each week.

can you believe that from the way he scorns at people's unfortunate circumstances in life ?

Go figure !!

its people like me that support churches that support people like this elderly aunt. people who are in the situation because they followed advice exactly like you are giving. I'm part of the solution while you are part of the cause.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 13^th, 2013 at 5:16pm

Carl D wrote on Feb 13^th, 2013 at 1:33pm:

Quote:

because most landlords own more than one property which would mean that rental properties would dry up overnight. Did you not think that?

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 13^th, 2013 at 5:17pm

Sir Spot of Borg wrote on Feb 13^th, 2013 at 2:05pm:

John Smith wrote on Feb 13^th, 2013 at 8:53am:

Sir Spot of Borg wrote on Feb 13^th, 2013 at 5:33am:

John Smith wrote on Feb 12^th, 2013 at 9:06pm:

Sir lastnail wrote on Feb 12^th, 2013 at 8:13pm:

Contrary to your beliefs there are a lot of people who lose on property deals

only 80%+ of buyers...

damn, you are stupid.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 13^th, 2013 at 5:19pm

John Smith wrote on Feb 13^th, 2013 at 3:16pm:

liquid_nails is against all types of tax deductions that he personally does not receive. that's pretty much his criteria.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 5:49pm

longweekend58 wrote on Feb 13^th, 2013 at 5:16pm:

Carl D wrote on Feb 13^th, 2013 at 1:33pm:

Quote:

because most landlords own more than one property which would mean that rental properties would dry up overnight. Did you not think that?

read the article properly f.ckhead.

Quote:

It was not true that the brief suspension of the practice by former treasurer Paul Keating in the mid-1980s led to a surge in rents. Nine out of 10 negative-geared properties were existing units or houses rather than new ones. Rather than boost the supply of properties negative gearing pushed up the price of existing ones.

"The US has never had negative gearing yet they have never had a rental vacancy rate of less than 5 per cent. We have negative gearing and we have never had a vacancy rate in rental properties of over 5 per cent," Mr Eslake said.

How does some hoarder buying an investment property built in the 1920's create more rental properties ? Just more lies from greed incorporated :(

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 5:51pm

longweekend58 wrote on Feb 13^th, 2013 at 5:19pm:

John Smith wrote on Feb 13^th, 2013 at 3:16pm:

liquid_nails is against all types of tax deductions that he personally does not receive. that's pretty much his criteria.

no I'm just against ones on non productive assets which just serve to inflate prices, national debt and nothing else :(

Title: Re: House Prices on the move... UP!
Post by aquascoot on Feb 13^th, 2013 at 5:54pm

with negative gearing still existing and probably going to go on for a while,
a good strategy is to buy a place with the first home buyers grant added in .
live in it for 6 months...this should make it stamp duty exempt which saves you about $20,000.
then move back home with mum and dad and rent it.
(you now have an income of about say $400 a week going into the mortgage.).
put as much of you wage as you can into the mortgage (hopefully mum and dad might let you stay for free in exchange for mowing or something).
if you can, get permission from the tenants to go over on weekends and redo carpets, repaint it, fix up the landscaping.
these items now become tax deductions. your interst on the mortgage is now tax deductible., you are paying it off twice as fast (possibly more once you get over the interest hump).

only downside is you will accrue some cgt liabilities if you ever sell it. simple, never sell ;) ;)

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 6:01pm

aquascoot wrote on Feb 13^th, 2013 at 5:54pm:

and hope that some foreign company gives your kid a job because no c.nt here will with all of the money sunk into property deals and nothing else. :(

what a bunch of wally brains here. No wonder we have to keep paying some foreign car companies to make cars for us :( Australia is no germany by any stretch of the imagination :(

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 13^th, 2013 at 6:42pm

longweekend58 wrote on Feb 13^th, 2013 at 5:11pm:

Carl D wrote on Feb 12^th, 2013 at 5:37pm:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

lol.

What "dopey" advice are talking about regarding advice I gave to my aunt?

The only advice I gave her was that we sign up for public housing in December 2008 which turned out to be very good advice otherwise we'd now be paying $400+ a week in rent and be at the mercy of private landlords who might decide to kick you out at the end of the current lease.

And, in case you haven't noticed, a lot of leases nowadays tend to be 6 months not 12 so the landlord can increase the rent more often.

At least we now have cheap rent and a secure place to live. 83 year old pensioners like my aunt don't enjoy the prospect of having to move house every few years.

The only way either of us could ever afford to buy a house these days would be if we won lotto.

As I've already said, if anything happens to me, she'll be looked after. And, when I retire in 9 years time, I will also have a secure and affordable place to live in.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 13^th, 2013 at 6:45pm

aquascoot wrote on Feb 13^th, 2013 at 5:54pm:

with negative gearing still existing and probably going to go on for a while,
a good strategy is to buy a place with the first home buyers grant added in .
live in it for 6 months...this should make it stamp duty exempt which saves you about $20,000.
then move back home with mum and dad and rent it.
(you now have an income of about say $400 a week going into the mortgage.).
put as much of you wage as you can into the mortgage (hopefully mum and dad might let you stay for free in exchange for mowing or something).
if you can, get permission from the tenants to go over on weekends and redo carpets, repaint it, fix up the landscaping.
these items now become tax deductions. your interest on the mortgage is now tax deductible., you are paying it off twice as fast (possibly more once you get over the interest hump).

only downside is you will accrue some cgt liabilities if you ever sell it. simple, never sell ;) ;)

Why is the interest now tax deductible?
I never heard of that.

Title: Re: House Prices on the move... UP!
Post by aquascoot on Feb 13^th, 2013 at 6:51pm

Bobby. wrote on Feb 13^th, 2013 at 6:45pm:

aquascoot wrote on Feb 13^th, 2013 at 5:54pm:

with negative gearing still existing and probably going to go on for a while,
a good strategy is to buy a place with the first home buyers grant added in .
live in it for 6 months...this should make it stamp duty exempt which saves you about $20,000.
then move back home with mum and dad and rent it.
(you now have an income of about say $400 a week going into the mortgage.).
put as much of you wage as you can into the mortgage (hopefully mum and dad might let you stay for free in exchange for mowing or something).
if you can, get permission from the tenants to go over on weekends and redo carpets, repaint it, fix up the landscaping.
these items now become tax deductions. your interest on the mortgage is now tax deductible., you are paying it off twice as fast (possibly more once you get over the interest hump).

only downside is you will accrue some cgt liabilities if you ever sell it. simple, never sell ;) ;)

Why is the interest now tax deductible?
I never heard of that.

once youre renting it , it becomes an investment prroperty and so interest, council rates and refurbishing all becomes deductible.
doing it up is a bit of a grey area, putting in a new kitchen or bathroom may even be tax deductible (while you are renting it) if you replace like for like. you couldnt replace say a really old kitchen with granite benchtops and german appliances but its quite amazing what you can claim.

for example if you had a rental property in another city, you may even be able to claim airfares once or twice a year to inspect it (and have a holiday at the same time)

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 13^th, 2013 at 7:10pm

Carl D wrote on Feb 13^th, 2013 at 6:42pm:

longweekend58 wrote on Feb 13^th, 2013 at 5:11pm:

Carl D wrote on Feb 12^th, 2013 at 5:37pm:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

lol.

What "dopey" advice are talking about regarding advice I gave to my aunt?

The only advice I gave her was that we sign up for public housing in December 2008 which turned out to be very good advice otherwise we'd now be paying $400+ a week in rent and be at the mercy of private landlords who might decide to kick you out at the end of the current lease. thats why youu need to consider these things before it's to late

And, in case you haven't noticed, a lot of leases nowadays tend to be 6 months not 12 so the landlord can increase the rent more often.leases are shorter because no one has long term security anymore. .. jobs that you stay at for 20 yrs are gone and people aren't willing to commit long term.

At least we now have cheap rent and a secure place to live. 83 year old pensioners like my aunt don't enjoy the prospect of having to move house every few years.

The only way either of us could ever afford to buy a house these days would be if we won lotto.

As I've already said, if anything happens to me, she'll be looked after. And, when I retire in 9 years time, I will also have a secure and affordable place to live in.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 13^th, 2013 at 7:54pm

Sir lastnail wrote on Feb 13^th, 2013 at 5:49pm:

longweekend58 wrote on Feb 13^th, 2013 at 5:16pm:

Carl D wrote on Feb 13^th, 2013 at 1:33pm:

Quote:

because most landlords own more than one property which would mean that rental properties would dry up overnight. Did you not think that?

read the article properly f.ckhead.

[quote]It was not true that the brief suspension of the practice by former treasurer Paul Keating in the mid-1980s led to a surge in rents. Nine out of 10 negative-geared properties were existing units or houses rather than new ones. Rather than boost the supply of properties negative gearing pushed up the price of existing ones.

"The US has never had negative gearing yet they have never had a rental vacancy rate of less than 5 per cent. We have negative gearing and we have never had a vacancy rate in rental properties of over 5 per cent," Mr Eslake said.

How does some hoarder buying an investment property built in the 1920's create more rental properties ? Just more lies from greed incorporated :(
[/quote]

conveniently forgetting that americans can claim mortgage interest as a tax deduction which is nto that dissiimilar to negative gearing but without the loss input.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 13^th, 2013 at 7:58pm

Carl D wrote on Feb 13^th, 2013 at 6:42pm:

longweekend58 wrote on Feb 13^th, 2013 at 5:11pm:

Carl D wrote on Feb 12^th, 2013 at 5:37pm:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

what I said is that she is - like - you - paying for her past mistakes in not buying her own home. When Im her age I will own my own home and probably downsize and take $300,000 in cash as the difference. I will live rent-free while she has to pay continually and has nothing. it has been just a lifetime of bad financial decision-making.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 13^th, 2013 at 7:58pm

aquascoot wrote on Feb 13^th, 2013 at 6:51pm:

Bobby. wrote on Feb 13^th, 2013 at 6:45pm:

aquascoot wrote on Feb 13^th, 2013 at 5:54pm:

with negative gearing still existing and probably going to go on for a while,
a good strategy is to buy a place with the first home buyers grant added in .
live in it for 6 months...this should make it stamp duty exempt which saves you about $20,000.
then move back home with mum and dad and rent it.
(you now have an income of about say $400 a week going into the mortgage.).
put as much of you wage as you can into the mortgage (hopefully mum and dad might let you stay for free in exchange for mowing or something).
if you can, get permission from the tenants to go over on weekends and redo carpets, repaint it, fix up the landscaping.
these items now become tax deductions. your interest on the mortgage is now tax deductible., you are paying it off twice as fast (possibly more once you get over the interest hump).

only downside is you will accrue some cgt liabilities if you ever sell it. simple, never sell ;) ;)

Why is the interest now tax deductible?
I never heard of that.

Thanks for the heads up.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 8:48pm

Bobby. wrote on Feb 13^th, 2013 at 6:45pm:

aquascoot wrote on Feb 13^th, 2013 at 5:54pm:

with negative gearing still existing and probably going to go on for a while,
a good strategy is to buy a place with the first home buyers grant added in .
live in it for 6 months...this should make it stamp duty exempt which saves you about $20,000.
then move back home with mum and dad and rent it.
(you now have an income of about say $400 a week going into the mortgage.).
put as much of you wage as you can into the mortgage (hopefully mum and dad might let you stay for free in exchange for mowing or something).
if you can, get permission from the tenants to go over on weekends and redo carpets, repaint it, fix up the landscaping.
these items now become tax deductions. your interest on the mortgage is now tax deductible., you are paying it off twice as fast (possibly more once you get over the interest hump).

only downside is you will accrue some cgt liabilities if you ever sell it. simple, never sell ;) ;)

Why is the interest now tax deductible?
I never heard of that.

it's only deductable if it's an investment. If you want to live in it as a normal necessity of life then you don't get these concessions. The corrupt system favours the greedy and not the needy. Go figure !! Of course the resident christian here favours the greedy :(

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 13^th, 2013 at 8:57pm

longweekend58 wrote on Feb 13^th, 2013 at 7:54pm:

Sir lastnail wrote on Feb 13^th, 2013 at 5:49pm:

longweekend58 wrote on Feb 13^th, 2013 at 5:16pm:

Carl D wrote on Feb 13^th, 2013 at 1:33pm:

Quote:

because most landlords own more than one property which would mean that rental properties would dry up overnight. Did you not think that?

How does some hoarder buying an investment property built in the 1920's create more rental properties ? Just more lies from greed incorporated :(

conveniently forgetting that americans can claim mortgage interest as a tax deduction which is nto that dissiimilar to negative gearing but without the loss input.[/quote]

It is not the same at all !!

Those people in the US who are claiming the deductions are buying the joint to live in and not hoarding and renting them out like they do here. A big big difference !!

The system here is obviously corrupt because it favours the greedy over the needy :(

Title: Re: House Prices on the move... UP!
Post by Frances on Feb 13^th, 2013 at 8:59pm

So far we've put in offers on two properties but we missed out on both of them. We're going looking at more this weekend...

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 13^th, 2013 at 9:49pm

Sir lastnail wrote on Feb 13^th, 2013 at 8:48pm:

Bobby. wrote on Feb 13^th, 2013 at 6:45pm:

aquascoot wrote on Feb 13^th, 2013 at 5:54pm:

with negative gearing still existing and probably going to go on for a while,
a good strategy is to buy a place with the first home buyers grant added in .
live in it for 6 months...this should make it stamp duty exempt which saves you about $20,000.
then move back home with mum and dad and rent it.
(you now have an income of about say $400 a week going into the mortgage.).
put as much of you wage as you can into the mortgage (hopefully mum and dad might let you stay for free in exchange for mowing or something).
if you can, get permission from the tenants to go over on weekends and redo carpets, repaint it, fix up the landscaping.
these items now become tax deductions. your interest on the mortgage is now tax deductible., you are paying it off twice as fast (possibly more once you get over the interest hump).

only downside is you will accrue some cgt liabilities if you ever sell it. simple, never sell ;) ;)

Why is the interest now tax deductible?
I never heard of that.

if it's not an investment it's not generating income ... what do you claim the interest payments against?

your comment about a corrupt system favouring the greedy is an absolute load of rubbish ... you sell your place of residence , and make $1m profit on the purchase price and you'll pay ZERO capital gains tax .. the investor however has to pay tax on any profit ... you're trying to make it sound like the govt. throws money at you for having an investment property .. not so, it's actually a risky proposition ... if you rely on your rent to make the mortgage repayments and get a tenant who demolishes the place, the owner also risks losing his family home. But with risk comes reward .. if you think it's so easy I suggest you buy so that you too can rake in a fortune .. I bet you're to gutless ... and that's why when you're 80 you too will be complaining that you cannot afford the rent.

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 13^th, 2013 at 9:52pm

Frances wrote on Feb 13^th, 2013 at 8:59pm:

So far we've put in offers on two properties but we missed out on both of them. We're going looking at more this weekend...

depending on where you are, markets are back on the increase ... you can't just sit on your hands and wait for the seller to get desperate, that being said, there are still a lot of bargains out there ....

I believe you were looking in Sydney .. I'm not very current on the Sydney market at the moment but I'm pretty sure my statement still stands in Sydney. Good hunting.

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 14^th, 2013 at 1:24am

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

Past mistakes... past mistakes... "shoulda coulda woulda"... blah blah blah...

Firstly, I do not have the time or inclination to explain my life story to you or anyone else.

With that said... OK, Mr. Big Financial Advisor (lol)... let's have it... what advice do you have for me about being able to afford to buy my own home RIGHT NOW. Not decades ago but RIGHT NOW.

1. I'm 55 years of age with no other family here except my 83 year old aunt.

2. If I had a full time job with my present qualifications I would probably earn no more than $40,000-$45,000 per annum. Is that enough to get a home loan? Nah... didn't think so.

Mind you, I'm still laughing about what happened after I finished my last full time job at the end of 2006 (the place closed). I went to the bank to see them about something and while I was there I started discussing houses and house prices and the bank lady (who I'd only told 5 minutes earlier that I was out of work) said "Do you need a home loan? We can arrange one for you". ;D

3. I have about $20,000 in savings and about $30,000 in superannuation so far.

4. I am taking care of my abovementioned elderly aunt and she has NO INTENTIONS of EVER moving house again. We've moved twice since 2005.

I'm starting to think that all this wonderful financial advice (lol) you've been giving people here over the years has mainly consisted of telling them what they should have done years ago and the mistakes that you think they've made.

While you're pondering all that I'll just keep working on that time machine...

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 14^th, 2013 at 4:53am

longweekend58 wrote on Feb 13^th, 2013 at 7:58pm:

Carl D wrote on Feb 13^th, 2013 at 6:42pm:

longweekend58 wrote on Feb 13^th, 2013 at 5:11pm:

Carl D wrote on Feb 12^th, 2013 at 5:37pm:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

Rates are exorbitant and all those other fees and levies they stick on the rates makes it almost as much as rent. If you have a unit it is more than rent because of the body corporate. It is only going to get worse.

SOB

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 14^th, 2013 at 4:54am

Sir lastnail wrote on Feb 13^th, 2013 at 8:57pm:

longweekend58 wrote on Feb 13^th, 2013 at 7:54pm:

Sir lastnail wrote on Feb 13^th, 2013 at 5:49pm:

longweekend58 wrote on Feb 13^th, 2013 at 5:16pm:

Carl D wrote on Feb 13^th, 2013 at 1:33pm:

Quote:

because most landlords own more than one property which would mean that rental properties would dry up overnight. Did you not think that?

How does some hoarder buying an investment property built in the 1920's create more rental properties ? Just more lies from greed incorporated :(

conveniently forgetting that americans can claim mortgage interest as a tax deduction which is nto that dissiimilar to negative gearing but without the loss input.

It is not the same at all !!

Those people in the US who are claiming the deductions are buying the joint to live in and not hoarding and renting them out like they do here. A big big difference !!

The system here is obviously corrupt because it favours the greedy over the needy :([/quote]

there would be no "hoarding" if the councils would let ppl build.

SOB

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 14^th, 2013 at 10:23am

Carl D wrote on Feb 14^th, 2013 at 1:24am:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

yes longloser always talks about the one property purchase he made in the past as though it applies now. My parents paid 5000 pounds for their joint in the 50's and now it's worth over 2 million !! To me it's not worth a tenth of that just to get a roof over your head !!

Successive governments have done nothing to curtail house prices. In fact they have done everything to pump them up and that includes medaling in the background to stop prices from crashing. Negative gearing scams, first home buyers scams, changes to foreign investment rules etc are all designed to keep the bubble pumped up and make people pay through the nose. Little wonder there are now 850,000 in mortgage and rental stress :(

So like you say what great financial words of wisdom does longloser have for anyone today when buying a roof over their head ? Perhaps a time machine might be handy ;D

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 14^th, 2013 at 10:33am

John Smith wrote on Feb 13^th, 2013 at 9:49pm:

Sir lastnail wrote on Feb 13^th, 2013 at 8:48pm:

Bobby. wrote on Feb 13^th, 2013 at 6:45pm:

aquascoot wrote on Feb 13^th, 2013 at 5:54pm:

with negative gearing still existing and probably going to go on for a while,
a good strategy is to buy a place with the first home buyers grant added in .
live in it for 6 months...this should make it stamp duty exempt which saves you about $20,000.
then move back home with mum and dad and rent it.
(you now have an income of about say $400 a week going into the mortgage.).
put as much of you wage as you can into the mortgage (hopefully mum and dad might let you stay for free in exchange for mowing or something).
if you can, get permission from the tenants to go over on weekends and redo carpets, repaint it, fix up the landscaping.
these items now become tax deductions. your interest on the mortgage is now tax deductible., you are paying it off twice as fast (possibly more once you get over the interest hump).

only downside is you will accrue some cgt liabilities if you ever sell it. simple, never sell ;) ;)

Why is the interest now tax deductible?
I never heard of that.

Read the article properly. You want to buy an non productive asset but you want the tax payer to make up for any downside :( What sort of risk is that ?

Quote:

David Koch, the finance journalist and Sunrise host, was at the summit as a community representative.

"Negative gearing on an unproductive asset? Does it just go on for time immemorial or is it time to actually put some limits on it - to say, OK for the first five years, but if it's not producing an income after that why are you there?

"It's done purely for the attraction of letting the taxman pay half. I'm not saying get rid of it all together, but there's got to be a limit - it just can't go on forever."

The government minimizes your risk and helps you out with corporate welfare. It distorts the market with negative gearing scams, first home buyers scams, changes to the foreign investor rules, bank depositors guarantees etc all designed to keep a floor under house prices to stop them from collapsing. That's why house prices are 7 to 9 times average income in this country. Where is the risk ??

How about a first share buyers grant ? How come you don't see those ?

And speaking of risk how about you invest in a productive asset for a change instead of being a parasite on peoples right to a decent of standard of living. You wouldn't have the balls to invest in anything else because the government doesn't help you out !!

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 14^th, 2013 at 12:01pm

Sir lastnail wrote on Feb 14^th, 2013 at 10:33am:

What sort of risk is that ?

if there was no risk you would have done it ages ago ...

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 14^th, 2013 at 1:33pm

John Smith wrote on Feb 14^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 14^th, 2013 at 10:33am:

What sort of risk is that ?

if there was no risk you would have done it ages ago ...

there was plenty of risk after the GFC but the proverbial knight in shining armour came along and labor started to medal in it and prop it up again when every other country took a huge hit as expected !!

Now we are told by the experts that Australia is so special and house prices never collapse of course :D

Lets get rid of all of the corporate welfare for the property sector and let it compete on a level playing field and see how it fairs in the risk department. Don't just stand behind handout after handout and make out like you can't lose !!

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 14^th, 2013 at 5:46pm

Carl D wrote on Feb 14^th, 2013 at 1:24am:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

so what you are saying is that you have both made bone-headed financial decisions and you haven't worked in 7 years. exactly how is that anyone's fault but your own?

you COULD actually buy a home now but you woudl need to buy a smallish place and you might even have to get a full-time job. but no... in 25 years time you wil be 80- and exactly the same as your aunt. ho home, no capital and destitute.

where have you been the lat 30 years while everyone else was buying a hosue?

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 14^th, 2013 at 5:48pm

Sir lastnail wrote on Feb 14^th, 2013 at 10:23am:

Carl D wrote on Feb 14^th, 2013 at 1:24am:

longweekend58 wrote on Feb 12^th, 2013 at 10:49am:

it still wouldnt do u any good. you are that arrogantly stupid that if you went back in time 15 years when you could buy a house for 30% of what you do now, you STILL wouldnt do it. tell me Im not right!

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 14^th, 2013 at 5:50pm

Sir lastnail wrote on Feb 14^th, 2013 at 1:33pm:

John Smith wrote on Feb 14^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 14^th, 2013 at 10:33am:

What sort of risk is that ?

if there was no risk you would have done it ages ago ...

there was plenty of risk after the GFC but the proverbial knight in shining armour came along and labor started to medal in it and prop it up again when every other country took a huge hit as expected !!

Now we are told by the experts that Australia is so special and house prices never collapse of course :D

Lets get rid of all of the corporate welfare for the property sector and let it compete on a level playing field and see how it fairs in the risk department. Don't just stand behind handout after handout and make out like you can't lose !!

did I actually read you saying that we should have ENCOURAGED our property market to collapse??? you are aware are you not that the GFC didn't cause the property collapse but rather the property collapse caused the GFC?

are you really that bitter that you would happily cause a severe recessions/depression JUST so you could see housing prices crash?

ironic thing is you still wouldn't buy. because you'd still have no money

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 14^th, 2013 at 5:52pm

Longweekend,
My place hasn't even doubled in the 10 years since I bought it -
in fact it went down in price 16% last year compared to 2011.

Many people are under mortgage stress & I think we'll see quite a few fire sales this year.

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 14^th, 2013 at 6:01pm

Bobby. wrote on Feb 14^th, 2013 at 5:52pm:

what has it risen in the last 10 years?

bet you cant even answer it.

btw YOUR house is not indicatiove of the 10million other houses in the country. PLus I dispute your 16% drop in price. how did u even get that figure? do you get a professional valuation each year or are you as I suspect simply making it all up... again.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 14^th, 2013 at 6:02pm

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

Title: Re: House Prices on the move... UP!
Post by Carl D on Feb 14^th, 2013 at 6:17pm

Quote:

longweekend58: so what you are saying is that you have both made bone-headed financial decisions and you haven't worked in 7 years. exactly how is that anyone's fault but your own?

I didn't say either of us have made bone-headed or any other kind of financial decisions. And, where did I say I haven't worked in 7 years? I said I haven't worked FULL TIME since the end of 2006. Do you like altering the facts to suit your own agenda?

Quote:

longweekend58: you COULD actually buy a home now but you woudl need to buy a smallish place and you might even have to get a full-time job. but no... in 25 years time you wil be 80- and exactly the same as your aunt. ho home, no capital and destitute.

If I could afford to buy a place right now I'd certainly be destitute long before I reached 80. Let's see... I'd get $45,000 a year tops for a full time job. What's the average mortgage repayments these days? $3000 a month?

So, that's $36,000 a year alone just for mortgage repayments. That leaves me $9000 a year for everything else... food, water, electricity, gas, car running costs, etc. etc. Can't see that working out too well, can you? And, what happens when I retire at 65? And yes - I am retiring at 65. I am not going to work a day longer than I have to. To hell with it. I've worked since I was 16 and I plan on enjoying my retirement.

At least with public housing I will only ever pay a quarter of my income in rent, whether it be from paid work, unemployment benefits if I lose my job, and the pension when I retire.

Quote:

longweekend58: where have you been the lat 30 years while everyone else was buying a hosue?

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 14^th, 2013 at 6:34pm

Sir lastnail wrote on Feb 14^th, 2013 at 1:33pm:

John Smith wrote on Feb 14^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 14^th, 2013 at 10:33am:

What sort of risk is that ?

if there was no risk you would have done it ages ago ...

there was plenty of risk after the GFC but the proverbial knight in shining armour came along and labor started to medal in it and prop it up again when every other country took a huge hit as expected !!

what exactly did labor do for property that wasn't already in place before the GFC?

Now we are told by the experts that Australia is so special and house prices never collapse of course :D

Lets get rid of all of the corporate welfare for the property sector and let it compete on a level playing field and see how it fairs in the risk department. Don't just stand behind handout after handout and make out like you can't lose !!

no one said you cannot lose .... you always lose if you don't buy right ... you need the right plan for the right property at the right time... lets not confuse losing money to a property market collapse

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 14^th, 2013 at 7:27pm

Carl D wrote on Feb 14^th, 2013 at 6:17pm:

Quote:

longweekend58: so what you are saying is that you have both made bone-headed financial decisions and you haven't worked in 7 years. exactly how is that anyone's fault but your own?

I didn't say either of us have made bone-headed or any other kind of financial decisions.

no, I did and all you ahve done is confirmed it. you could have bought a house 30 years ago and had it all paid off now but just like youru aunt, you didnt and for the same reasons. DUMB. so now you get to live in govt accomodation paying rent for the rest of your life. great decision? no. it was a BONE-HEADED one.

And, where did I say I haven't worked in 7 years? I said I haven't worked FULL TIME since the end of 2006. Do you like altering the facts to suit your own agenda?

[quote]longweekend58: you COULD actually buy a home now but you woudl need to buy a smallish place and you might even have to get a full-time job. but no... in 25 years time you wil be 80- and exactly the same as your aunt. ho home, no capital and destitute.

longweekend58: where have you been the lat 30 years while everyone else was buying a hosue?

As I have said in a previous post... I do not have the time or inclination to tell my life story here (even if it were any of your business to start with).

That's it. I'm done here. It's like trying to have a discussion with a chimp.[/quote]

so with all these financial challenges ahead what do you do? you work part-time. it is a bit hard to take your probems seriously when you are totally unprepared and unwilling to take the stpes to fixing them. you wont even work fulltime!!!!

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 14^th, 2013 at 10:32pm

longweekend58 wrote on Feb 14^th, 2013 at 6:01pm:

Bobby. wrote on Feb 14^th, 2013 at 5:52pm:

and how much has bank debt gone up as a result of house prices going up ? Somehow you think your house has magically gone up in value just because you live in australia and not because it has been fueled by huge amounts of debt which by the way has to be paid back one day + interest of course ;)

anyway let me help you answer your question ;)

Title: Re: House Prices on the move... UP!
Post by Frances on Feb 14^th, 2013 at 10:46pm

John Smith wrote on Feb 13^th, 2013 at 9:52pm:

I believe you were looking in Sydney

Yes, but we're not settled on exactly where. We were considering the inner west, but all the places we've seen that we like are at least $1.2m and we don't want to spend quite as much as that (we saw one place at Canada Bay that was for sale for $950,000 and it was practically falling apart). So far we've looked at Eastwood, Epping, Cherrybrook, Turramurra, Pymble and Oatlands. We also saw a lovely Californian bungalow in North Parramatta - it was very original with all the fancy woodwork but the rooms were a bit on the small side - I don't think all our furniture would have fitted in the dining room and lounge room.....

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 15^th, 2013 at 4:27am

longweekend58 wrote on Feb 14^th, 2013 at 7:27pm:

Carl D wrote on Feb 14^th, 2013 at 6:17pm:

Quote:

longweekend58: so what you are saying is that you have both made bone-headed financial decisions and you haven't worked in 7 years. exactly how is that anyone's fault but your own?

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 15^th, 2013 at 4:30am

interesting according to that chart lastnail theres not really proportionately that many negative gearing.

SOB

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 7:44am

Sir Spot of Borg wrote on Feb 15^th, 2013 at 4:30am:

interesting according to that chart lastnail theres not really proportionately that many negative gearing.

SOB

Grammar?? - I can't understand what you're writing.

Have you been drinking?

Title: Re: House Prices on the move... UP!
Post by Frances on Feb 15^th, 2013 at 7:57am

Sir lastnail wrote on Feb 12^th, 2013 at 10:18am:

and who's buying anyway ?

Some people must be - we sold our house and it only took about seven weeks to go through....

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 15^th, 2013 at 8:58am

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 8:59am

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

Bump to Longweekend - he never answers questions.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 9:04am

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 9:07am

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 9:16am

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

its a fabrication because unless you get annual valuations, you wouldn know the figure. and no one gets annual valuation.

I call 'lie'

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 15^th, 2013 at 9:55am

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

if anyone provides longloser with actual evidence which goes against his bullshit statistics he accuses them of making it up but we all know that unemployment must be 5% just because the ABS says so and anyone who says that the unemployment in their area is 20% or more must be making that up too ;D

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 15^th, 2013 at 9:56am

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

according to longloser your story must be a fabrication ;)

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 15^th, 2013 at 10:02am

longweekend58 wrote on Feb 14^th, 2013 at 5:50pm:

Sir lastnail wrote on Feb 14^th, 2013 at 1:33pm:

John Smith wrote on Feb 14^th, 2013 at 12:01pm:

Sir lastnail wrote on Feb 14^th, 2013 at 10:33am:

What sort of risk is that ?

if there was no risk you would have done it ages ago ...

there was plenty of risk after the GFC but the proverbial knight in shining armour came along and labor started to medal in it and prop it up again when every other country took a huge hit as expected !!

Now we are told by the experts that Australia is so special and house prices never collapse of course :D

Lets get rid of all of the corporate welfare for the property sector and let it compete on a level playing field and see how it fairs in the risk department. Don't just stand behind handout after handout and make out like you can't lose !!

So you do acknowledge now that labors intervention with its stimulus package saved it from collapsing ??

The property market collapsing in the US caused the GFC and nearly wrecked the world economy. So much for telling people that property is a safe bet. Both Ireland and Spain has had their economies ruined by property bubbles bursting. Japan is still recovering after the 90's crash !! Australia is in no different situation to Ireland and Spain where property appreciation has been caused at the expense of massive debt in fact 1.3 trillions worth :( Just look at how much we have sunk into property deals. It's in the trillions that have been wasted just to get a roof over your head. I'd hardly call that a good use of 1.3 trillions worth :(

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 10:29am

longweekend58 wrote on Feb 15^th, 2013 at 9:16am:

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

its a fabrication because unless you get annual valuations, you wouldn know the figure. and no one gets annual valuation.

I call 'lie'

Longweekend,
The prices in my suburb were down 16% on average from the cycle 2011 to 2012.

Still that is besides the point.

Answer my question:

If property was so good why didn't you buy up a few houses 15 years ago?

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 15^th, 2013 at 10:33am

Bobby. wrote on Feb 15^th, 2013 at 10:29am:

longweekend58 wrote on Feb 15^th, 2013 at 9:16am:

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

its a fabrication because unless you get annual valuations, you wouldn know the figure. and no one gets annual valuation.

I call 'lie'

and why doesn't he buy some now since he always tells everyone that property prices in australia never collapse !! You can't lose ;D

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 15^th, 2013 at 10:48am

Bobby. wrote on Feb 15^th, 2013 at 7:44am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 4:30am:

interesting according to that chart lastnail theres not really proportionately that many negative gearing.

SOB

Grammar?? - I can't understand what you're writing.

Have you been drinking?

Look @ the chart. Not so many negative gearing.

SOB

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 11:08am

Sir lastnail wrote on Feb 15^th, 2013 at 9:55am:

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

well the ABS are the aussie bureau of STATISTICS which will always rate as more accurate than your simplistic unresearched OPINION.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 11:09am

Bobby. wrote on Feb 15^th, 2013 at 10:29am:

longweekend58 wrote on Feb 15^th, 2013 at 9:16am:

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

its a fabrication because unless you get annual valuations, you wouldn know the figure. and no one gets annual valuation.

I call 'lie'

how do you know your suburb dropped 16%? and what makes you think your house is typical? and what were the sales volumes?

I still think you are making this up.

Title: Re: House Prices on the move... UP!
Post by gizmo_2655 on Feb 15^th, 2013 at 11:21am

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

What model of luxury car bobby??
what sort of business, Bobby??
what university degree, Bobby??

oh, and feel free to give an answer other than 'that's private', or 'none of your business'

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 15^th, 2013 at 11:30am

longweekend58 wrote on Feb 15^th, 2013 at 11:08am:

Sir lastnail wrote on Feb 15^th, 2013 at 9:55am:

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

well the ABS are the aussie bureau of STATISTICS which will always rate as more accurate than your simplistic unresearched OPINION.

tell that to people who live in areas with 20% or more unemployment :(

Title: Re: House Prices on the move... UP!
Post by gizmo_2655 on Feb 15^th, 2013 at 2:12pm

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 2:38pm

gizmo_2655 wrote on Feb 15^th, 2013 at 11:21am:

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

What model of luxury car bobby??
what sort of business, Bobby??
what university degree, Bobby??

oh, and feel free to give an answer other than 'that's private', or 'none of your business'

Sorry - Nail told me not to reveal his private information on the internet.
I can however validate the above as I have seen the: car, business & degree for myself.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 4:05pm

gizmo_2655 wrote on Feb 15^th, 2013 at 11:21am:

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

What model of luxury car bobby??
what sort of business, Bobby??
what university degree, Bobby??

oh, and feel free to give an answer other than 'that's private', or 'none of your business'

yeah right... that'll be the day.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 4:08pm

Bobby. wrote on Feb 15^th, 2013 at 2:38pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 11:21am:

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

What model of luxury car bobby??
what sort of business, Bobby??
what university degree, Bobby??

oh, and feel free to give an answer other than 'that's private', or 'none of your business'

Sorry - Nail told me not to reveal his private information on the internet.
I can however validate the above as I have seen the: car, business & degree for myself.

yeah like your word is worth anything!!!

you said it was a *laugh* $50,000 'lucury car' making it nothing more than a mid-model locally prodcued car at best. So there is no reason you cannot revela the make and model of the car because there are probably tens of thousands of them

and the university degree? what possible reason could there be for NOT revelaing that. it says nothing about the person.

what it does sya about you is that YOU LIE.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 15^th, 2013 at 4:32pm

longweekend58 wrote on Feb 15^th, 2013 at 4:08pm:

Bobby. wrote on Feb 15^th, 2013 at 2:38pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 11:21am:

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

What model of luxury car bobby??
what sort of business, Bobby??
what university degree, Bobby??

oh, and feel free to give an answer other than 'that's private', or 'none of your business'

Sorry - Nail told me not to reveal his private information on the internet.
I can however validate the above as I have seen the: car, business & degree for myself.

speaking of lies how's gold_wank going ;D

shows you what a low achiever you are that you would obsess over someone else's car as well as the one and only house that you ever bought ;D

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 4:53pm

longweekend58 wrote on Feb 15^th, 2013 at 4:08pm:

Bobby. wrote on Feb 15^th, 2013 at 2:38pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 11:21am:

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

What model of luxury car bobby??
what sort of business, Bobby??
what university degree, Bobby??

oh, and feel free to give an answer other than 'that's private', or 'none of your business'

Sorry - Nail told me not to reveal his private information on the internet.
I can however validate the above as I have seen the: car, business & degree for myself.

so why not tell us about your mythical degrees and this mythical car. the way you crap on about fuel prices we can guess that you car is a 20yo Camry with multi coloured panels. and your degree is a lie too. No one else has a problem revealing their degree and cars - just losers like the Gay Brothers (upi and booby)

Title: Re: House Prices on the move... UP!
Post by gizmo_2655 on Feb 15^th, 2013 at 5:14pm

Bobby. wrote on Feb 15^th, 2013 at 2:38pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 11:21am:

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

What model of luxury car bobby??
what sort of business, Bobby??
what university degree, Bobby??

oh, and feel free to give an answer other than 'that's private', or 'none of your business'

Sorry - Nail told me not to reveal his private information on the internet.
I can however validate the above as I have seen the: car, business & degree for myself.

Yeah, someone might 'track him down' from the model of car..right!!!

Ok, I drive a 2001 ford Falcon....find me, from that..

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 5:22pm

gizmo_2655 wrote on Feb 15^th, 2013 at 5:14pm:

Bobby. wrote on Feb 15^th, 2013 at 2:38pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 11:21am:

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

What model of luxury car bobby??
what sort of business, Bobby??
what university degree, Bobby??

oh, and feel free to give an answer other than 'that's private', or 'none of your business'

Sorry - Nail told me not to reveal his private information on the internet.
I can however validate the above as I have seen the: car, business & degree for myself.

Yeah, someone might 'track him down' from the model of car..right!!!

Ok, I drive a 2001 ford Falcon....find me, from that..

and I drive a black 2004 Ford FPV-GT. now THAT is actually relatively rare. only a few thousand of them were built and about 20% were black and I live in SA.

but thats not enough to track me down on.

Oh and I have a BSc. that makes me one of 50,000 people.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 5:25pm

Longweekend,
you're a small minded bigot.

Who cares what model of car it is?

It's all irrelevant to the cost of houses.

forgiven

namaste

Title: Re: House Prices on the move... UP!
Post by gizmo_2655 on Feb 15^th, 2013 at 6:18pm

Bobby. wrote on Feb 15^th, 2013 at 5:25pm:

Longweekend,
you're a small minded bigot.

Who cares what model of car it is?

It's all irrelevant to the cost of houses.

forgiven

namaste

But it's NOT irrelevant to the conversation about ~~Walter Mitty~~ Lastnails' luxury car, international business, and university of Kellogg's degree..which you brought into the convo.

Title: Re: House Prices on the move... UP!
Post by gizmo_2655 on Feb 15^th, 2013 at 6:20pm

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 6:39pm

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Title: Re: House Prices on the move... UP!
Post by gizmo_2655 on Feb 15^th, 2013 at 6:54pm

Bobby. wrote on Feb 15^th, 2013 at 6:39pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Oh well excuse me...

The saddest part is that Bobby's self-esteem is so low, that he has to lie about lastnail, to impress complete stranger on an internet chat forum..

That better Bobby??

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 7:01pm

gizmo_2655 wrote on Feb 15^th, 2013 at 6:54pm:

Bobby. wrote on Feb 15^th, 2013 at 6:39pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Oh well excuse me...

The saddest part is that Bobby's self-esteem is so low, that he has to lie about lastnail, to impress complete stranger on an internet chat forum..

That better Bobby??

No Gizmo,
I just felt that someone needed to support Nail as he
is a highly successful person with a university degree who
was accused of only riding a bicycle & having only a year 10 education -
which was completely false.

The fact that you could be so obsessed about his credentials is more of a worry.

His fine posts speak for themselves.
He has yet to ever lose an argument after many years on this forum.

you are forgiven for falsehoods

namaste

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 7:02pm

Bobby. wrote on Feb 15^th, 2013 at 10:29am:

longweekend58 wrote on Feb 15^th, 2013 at 9:16am:

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

its a fabrication because unless you get annual valuations, you wouldn know the figure. and no one gets annual valuation.

I call 'lie'

Bump to Longweekend.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 7:03pm

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 7:34pm

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

it is an embarrassing display by both of them. self-esteem is pretty low in hangnail in particular which is why he tends to hate everyone except his current favourite country (Malaysia at present). If you lived in one room rented digs driving a 20yo car, you'd be depressed and angry too.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 7:38pm

Bobby. wrote on Feb 15^th, 2013 at 7:01pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:54pm:

Bobby. wrote on Feb 15^th, 2013 at 6:39pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Oh well excuse me...

The saddest part is that Bobby's self-esteem is so low, that he has to lie about lastnail, to impress complete stranger on an internet chat forum..

That better Bobby??

Bump to Gizmo & Longweekend.

If property was so good why didn't you buy up a few houses 15 years ago?

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 15^th, 2013 at 7:39pm

Bobby. wrote on Feb 15^th, 2013 at 7:02pm:

Bobby. wrote on Feb 15^th, 2013 at 10:29am:

longweekend58 wrote on Feb 15^th, 2013 at 9:16am:

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

its a fabrication because unless you get annual valuations, you wouldn know the figure. and no one gets annual valuation.

I call 'lie'

Bump to Longweekend.

why should I answer your questions? you NEVER answer mine or gizmo's...

what is lastnails car
waht is his degree and yours
what is his business type
what is your job

see? you never answer those because the answer is embarrassing.
you both drive 20yo heaps of junk
neither of you have degrees
you have menial jobs

Title: Re: House Prices on the move... UP!
Post by gizmo_2655 on Feb 15^th, 2013 at 7:47pm

Bobby. wrote on Feb 15^th, 2013 at 7:01pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:54pm:

Bobby. wrote on Feb 15^th, 2013 at 6:39pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Oh well excuse me...

The saddest part is that Bobby's self-esteem is so low, that he has to lie about lastnail, to impress complete stranger on an internet chat forum..

That better Bobby??

Nails doesn't 'need' you to support him..
All he has to do to stop the 'false accusations' is provide some small answers to the questions asked (the same sort of answers he keeps demanding of other people), like the make of 'luxury car', what form of 'international business' he runs etc.....without providing details like business name or anything that would allow actual identification, of course...

The reason I'm 'obsessed' is that every time you or he do the 'he drives a luxury car and runs a business,but we can't/won't say what sort of car/business' thing...it simply makes it more obvious that he doesn't....

And as for his 'fine posts' and never having lost an argument....he's yet to win one...except in his own mind..

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 15^th, 2013 at 10:11pm

longweekend58 wrote on Feb 15^th, 2013 at 5:22pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 5:14pm:

Bobby. wrote on Feb 15^th, 2013 at 2:38pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 11:21am:

Bobby. wrote on Feb 12^th, 2013 at 1:49pm:

Longweekend,

Quote:

you don't believe ANYONE other than your self.

probably explains your perpetual life failure.

Longweekend,
Nail is a successful international businessman with a university degree who drives a luxury car -
that's more than can be said of you.

What model of luxury car bobby??
what sort of business, Bobby??
what university degree, Bobby??

oh, and feel free to give an answer other than 'that's private', or 'none of your business'

Sorry - Nail told me not to reveal his private information on the internet.
I can however validate the above as I have seen the: car, business & degree for myself.

Yeah, someone might 'track him down' from the model of car..right!!!

Ok, I drive a 2001 ford Falcon....find me, from that..

yes BSc = BullShit certficate.

and they only made a few thousand of those cars because nobody wanted them just like they don't want ford falcons anymore ;)

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 15^th, 2013 at 10:15pm

Bobby. wrote on Feb 15^th, 2013 at 7:38pm:

Bobby. wrote on Feb 15^th, 2013 at 7:01pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:54pm:

Bobby. wrote on Feb 15^th, 2013 at 6:39pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Oh well excuse me...

The saddest part is that Bobby's self-esteem is so low, that he has to lie about lastnail, to impress complete stranger on an internet chat forum..

That better Bobby??

Bump to Gizmo & Longweekend.

If property was so good why didn't you buy up a few houses 15 years ago?

he won't answer it because he prefers to talk about what car I supposedly own that's how much of a piss weak debater he really is not to mention a time wasting troll who starts useless threads about fictional house prices without due consideration for the amount of debt used to create those prices in the first place :(

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 15^th, 2013 at 10:46pm

Nail,

Quote:

If property was so good why didn't you buy up a few houses 15 years ago?

he won't answer it because he prefers to talk about what car I supposedly own that's how much of a piss weak debater he really is not to mention a time wasting troll who starts useless threads about fictional house prices without due consideration for the amount of debt used to create those prices in the first place

Hear hear Nail,
the question still stands:

If property was so good why didn't you buy up a few houses 15 years ago?

I actually remember a bit of a slump in the year 2000 as people
had been buying up penny dreadful tech wreck shares instead of buying houses.

Maybe Longy spent his money on those & doesn't like to tell us? ;D

Title: Re: House Prices on the move... UP!
Post by Frances on Feb 16^th, 2013 at 1:20am

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 16^th, 2013 at 5:35am

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

Heh in this case i couldn't care less. Not my place. Im just saying though that its not the only place not selling and not even being looked @. Maybe ppl are buying in sydney but they arent buying in brisbane tasmania or canberra (or rural). Actually ppl that are buying are ppl with cash that are desperate for a house. Not so much ppl with loans.

SOB

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 16^th, 2013 at 8:43am

Sir lastnail wrote on Feb 15^th, 2013 at 10:15pm:

Bobby. wrote on Feb 15^th, 2013 at 7:38pm:

Bobby. wrote on Feb 15^th, 2013 at 7:01pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:54pm:

Bobby. wrote on Feb 15^th, 2013 at 6:39pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Oh well excuse me...

The saddest part is that Bobby's self-esteem is so low, that he has to lie about lastnail, to impress complete stranger on an internet chat forum..

That better Bobby??

Bump to Gizmo & Longweekend.

If property was so good why didn't you buy up a few houses 15 years ago?

the more you talke the more obvious it is that you are an uneducated minimum wage employee with a 20yo camry,

anyone else would behave better, have bnetter arguments and not be afraid to answer those questions asked of him.

loser.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 16^th, 2013 at 8:45am

Sir Spot of Borg wrote on Feb 16^th, 2013 at 5:35am:

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

yeah ... no one is borrowing.

moron

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 16^th, 2013 at 8:54am

longweekend58 wrote on Feb 16^th, 2013 at 8:45am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 5:35am:

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

yeah ... no one is borrowing.

moron

Why the projected insult? Cant you even agree without the abuse?

IMO its not that nobody is borrowing its that the banks arent loaning. If the banks arent loaning for houses @ inflated prices then what does that tell you?

SOB

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 16^th, 2013 at 8:55am

longweekend58 wrote on Feb 15^th, 2013 at 7:39pm:

Bobby. wrote on Feb 15^th, 2013 at 7:02pm:

Bobby. wrote on Feb 15^th, 2013 at 10:29am:

longweekend58 wrote on Feb 15^th, 2013 at 9:16am:

Bobby. wrote on Feb 15^th, 2013 at 9:07am:

longweekend58 wrote on Feb 15^th, 2013 at 9:04am:

Bobby. wrote on Feb 14^th, 2013 at 6:02pm:

Answer my question - not a question with a question..

Question:
if property was so good why didn't you buy up a few houses 15 years ago?

so u admit that your 16% claim was a fabrication?

no surprise.

16% is not a fabrication.

Still no answer - how about a water boarding to seek the truth?

its a fabrication because unless you get annual valuations, you wouldn know the figure. and no one gets annual valuation.

I call 'lie'

Bump to Longweekend.

Why should they tell you anything personal? Not telling you means nothing. It means you dont know. It do4esnt mean what you want it to mean.

SOB

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 16^th, 2013 at 9:23am

Sir Spot of Borg wrote on Feb 16^th, 2013 at 8:54am:

longweekend58 wrote on Feb 16^th, 2013 at 8:45am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 5:35am:

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

yeah ... no one is borrowing.

moron

the banks are lending money although often the valuations have been coming back lower than expected and the banks aren't lending the full amount required ... therefore the deal falls through because the buyer cannot get the rest of the money

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 16^th, 2013 at 9:23am

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 16^th, 2013 at 9:30am

John Smith wrote on Feb 16^th, 2013 at 9:23am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 8:54am:

longweekend58 wrote on Feb 16^th, 2013 at 8:45am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 5:35am:

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

yeah ... no one is borrowing.

moron

Well that makes sense but has the same effect anyway.

SOB

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 16^th, 2013 at 10:46am

Sir Spot of Borg wrote on Feb 16^th, 2013 at 8:54am:

longweekend58 wrote on Feb 16^th, 2013 at 8:45am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 5:35am:

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

yeah ... no one is borrowing.

moron

sigh... your stupidty is so intense that it is almost impossible to insult you and have you realise it.

the banks ARE lending and prices ARE rising. and you ARE still monumentally ill-informed and stupid.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 16^th, 2013 at 10:59am

longweekend58 wrote on Feb 16^th, 2013 at 8:43am:

Sir lastnail wrote on Feb 15^th, 2013 at 10:15pm:

Bobby. wrote on Feb 15^th, 2013 at 7:38pm:

Bobby. wrote on Feb 15^th, 2013 at 7:01pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:54pm:

Bobby. wrote on Feb 15^th, 2013 at 6:39pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Oh well excuse me...

The saddest part is that Bobby's self-esteem is so low, that he has to lie about lastnail, to impress complete stranger on an internet chat forum..

That better Bobby??

Bump to Gizmo & Longweekend.

If property was so good why didn't you buy up a few houses 15 years ago?

even a 20 yo camry is better than anything ford ever made ;)

and like bobby said why aren't you buying houses now ? Surely you can't lose if house prices never go down in australia ?

Why go to the trouble of running a business when you can just flip houses at ever increasing prices ;D

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 16^th, 2013 at 11:03am

Sir lastnail wrote on Feb 16^th, 2013 at 10:59am:

longweekend58 wrote on Feb 16^th, 2013 at 8:43am:

Sir lastnail wrote on Feb 15^th, 2013 at 10:15pm:

Bobby. wrote on Feb 15^th, 2013 at 7:38pm:

Bobby. wrote on Feb 15^th, 2013 at 7:01pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:54pm:

Bobby. wrote on Feb 15^th, 2013 at 6:39pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Oh well excuse me...

The saddest part is that Bobby's self-esteem is so low, that he has to lie about lastnail, to impress complete stranger on an internet chat forum..

That better Bobby??

Bump to Gizmo & Longweekend.

If property was so good why didn't you buy up a few houses 15 years ago?

some of us arent losers like you. we run businesses, take risks and work toward a better future. we dont do what you do which is endlessly complain about everything and blame everyone else for your failure.

when you are prepared to answer a few of the questions you love to ask others then i might answer yorus. but you are just a tyre-kicker

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 16^th, 2013 at 11:28am

longweekend58 wrote on Feb 16^th, 2013 at 11:03am:

Sir lastnail wrote on Feb 16^th, 2013 at 10:59am:

longweekend58 wrote on Feb 16^th, 2013 at 8:43am:

Sir lastnail wrote on Feb 15^th, 2013 at 10:15pm:

Bobby. wrote on Feb 15^th, 2013 at 7:38pm:

Bobby. wrote on Feb 15^th, 2013 at 7:01pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:54pm:

Bobby. wrote on Feb 15^th, 2013 at 6:39pm:

gizmo_2655 wrote on Feb 15^th, 2013 at 6:20pm:

The saddest part is that Nails' self-esteem is so low, that he has to lie to impress complete strangers on an internet chat forum.

False,
Nail never said that - I did.

forgiven

namaste

Oh well excuse me...

The saddest part is that Bobby's self-esteem is so low, that he has to lie about lastnail, to impress complete stranger on an internet chat forum..

That better Bobby??

Bump to Gizmo & Longweekend.

If property was so good why didn't you buy up a few houses 15 years ago?

why take risks running a business when you can just buy a house and wait for the price to go up and then flog it for a guaranteed profit ? Surely that must be easier and less riskier than running a business ? How come you don't take the easy road in life. You're making it hard for yourself mate ;D

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 16^th, 2013 at 11:39am

Sir lastnail wrote on Feb 16^th, 2013 at 11:28am:

why take risks running a business when you can just buy a house and wait for the price to go up and then flog it for a guaranteed profit

probably because the bills need to be paid !!!

I've told you before, there is no guarantee of a profit in housing ... as a general rule property goes up over the long term, short term anyone can lose money .

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 16^th, 2013 at 11:49am

John Smith wrote on Feb 16^th, 2013 at 11:39am:

Sir lastnail wrote on Feb 16^th, 2013 at 11:28am:

why take risks running a business when you can just buy a house and wait for the price to go up and then flog it for a guaranteed profit

according to longloser there are no downside risks to buying property ;)

Title: Re: House Prices on the move... UP!
Post by John Smith on Feb 16^th, 2013 at 11:57am

Sir lastnail wrote on Feb 16^th, 2013 at 11:49am:

John Smith wrote on Feb 16^th, 2013 at 11:39am:

Sir lastnail wrote on Feb 16^th, 2013 at 11:28am:

why take risks running a business when you can just buy a house and wait for the price to go up and then flog it for a guaranteed profit

according to longloser there are no downside risks to buying property ;)

there are downsides to everything ... longloser lives in an alternate reality

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Feb 16^th, 2013 at 12:40pm

Nail,
Quote:

Why go to the trouble of running a business when you can just flip houses at ever increasing prices?

Yes Nail,
that's a good question for Longweekend -
he's always got plenty of advice for other's which he never follows himself. ;)

Title: Re: House Prices on the move... UP!
Post by Andrei.Hicks on Feb 16^th, 2013 at 1:11pm

Bobby, you and the angry man as usual have given me the laugh of the night.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 16^th, 2013 at 1:45pm

Andrei.Hicks wrote on Feb 16^th, 2013 at 1:11pm:

Bobby, you and the angry man as usual have given me the laugh of the night.

you should be laughing at longloser. He makes out that he is some sort of property investing tycoon and yet he has only ever bought one house and is still yet to sell it. At the same time he still keeps his day job ;D

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 16^th, 2013 at 2:21pm

longweekend58 wrote on Feb 16^th, 2013 at 10:46am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 8:54am:

longweekend58 wrote on Feb 16^th, 2013 at 8:45am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 5:35am:

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

yeah ... no one is borrowing.

moron

Obviously you are not capable of having a regular conversation. This is what makes me doubt that you have any job where you have to deal with public @ all. Its also unlikely that you own any property because you have to be civil in order to strike a deal. All this renders your "advice" useless.

SOB

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 16^th, 2013 at 3:21pm

John Smith wrote on Feb 16^th, 2013 at 11:57am:

Sir lastnail wrote on Feb 16^th, 2013 at 11:49am:

John Smith wrote on Feb 16^th, 2013 at 11:39am:

Sir lastnail wrote on Feb 16^th, 2013 at 11:28am:

why take risks running a business when you can just buy a house and wait for the price to go up and then flog it for a guaranteed profit

according to longloser there are no downside risks to buying property ;)

there are downsides to everything ... longloser lives in an alternate reality

I also never said that. Like John Smith I said that housing appreciates over the longterm but in the short term u can experience losses. Many investments are like that but as usual liquid-nails makes his own misinterpretation over what I say.

bentnail is just upset that he has lost a fortune by not buying a house 20 years ago.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 16^th, 2013 at 3:44pm

Sir lastnail wrote on Feb 16^th, 2013 at 1:45pm:

Andrei.Hicks wrote on Feb 16^th, 2013 at 1:11pm:

Bobby, you and the angry man as usual have given me the laugh of the night.

your comprehension skills are as bad as ever. All I ever do is demolish your ridiculous arguments. and it is like shooting fish in a barrel.

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Feb 16^th, 2013 at 3:46pm

Sir Spot of Borg wrote on Feb 16^th, 2013 at 2:21pm:

longweekend58 wrote on Feb 16^th, 2013 at 10:46am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 8:54am:

longweekend58 wrote on Feb 16^th, 2013 at 8:45am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 5:35am:

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

yeah ... no one is borrowing.

moron

do you think you could find 3 people on here (excluding yoru socks and trolls) that DONT think you are stupid? posters on both sides of any argument say you are stupider than snot and less usefull.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Feb 16^th, 2013 at 11:15pm

longweekend58 wrote on Feb 16^th, 2013 at 3:21pm:

John Smith wrote on Feb 16^th, 2013 at 11:57am:

Sir lastnail wrote on Feb 16^th, 2013 at 11:49am:

John Smith wrote on Feb 16^th, 2013 at 11:39am:

Sir lastnail wrote on Feb 16^th, 2013 at 11:28am:

why take risks running a business when you can just buy a house and wait for the price to go up and then flog it for a guaranteed profit

according to longloser there are no downside risks to buying property ;)

there are downsides to everything ... longloser lives in an alternate reality

Well in that same twenty years just imagine all of the money you have lost by not taking your own financial advice and bought a whole heap of them ;D

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Feb 17^th, 2013 at 4:49am

longweekend58 wrote on Feb 16^th, 2013 at 3:46pm:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 2:21pm:

longweekend58 wrote on Feb 16^th, 2013 at 10:46am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 8:54am:

longweekend58 wrote on Feb 16^th, 2013 at 8:45am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 5:35am:

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

yeah ... no one is borrowing.

moron

do you think you could find 3 people on here (excluding yoru socks and trolls) that DONT think you are stupid? posters on both sides of any argument say you are stupider than snot and less usefull.

Hahahaha my socks and trolls? You are one of my trolls. Your socks are also my trolls.

SOB

Title: Re: House Prices on the move... UP!
Post by Frances on Apr 8^th, 2013 at 12:36am

John Smith wrote on Feb 13^th, 2013 at 9:52pm:

Frances wrote on Feb 13^th, 2013 at 8:59pm:

So far we've put in offers on two properties but we missed out on both of them. We're going looking at more this weekend...

We ended up buying a newish place in Castle Hill. It needs absolutely nothing done to it, there's a bus stop for Parramatta and City buses around the corner, and you can walk to Castle Towers. We gave up on the inner west as not offering value for money. We also spent about $100,000 over what we had planned, but it was worth it.

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Apr 8^th, 2013 at 4:28am

longweekend58 wrote on Feb 16^th, 2013 at 3:46pm:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 2:21pm:

longweekend58 wrote on Feb 16^th, 2013 at 10:46am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 8:54am:

longweekend58 wrote on Feb 16^th, 2013 at 8:45am:

Sir Spot of Borg wrote on Feb 16^th, 2013 at 5:35am:

Frances wrote on Feb 16^th, 2013 at 1:20am:

Sir Spot of Borg wrote on Feb 15^th, 2013 at 8:58am:

This place im in now is for sale and its been on the market for about 3 months and only 2 ppl have come to see it. Its right in the middle of the city.

SOB

Maybe you need to get another agent to look after it. Buyer interest in a property decreases the longer it is on the market, so I don't like your chances if you leave things the way they are....

yeah ... no one is borrowing.

moron

do you think you could find 3 people on here (excluding yoru socks and trolls) that DONT think you are stupid? posters on both sides of any argument say you are stupider than snot and less usefull.

And you still cant respond to the topic

SOB

Title: Re: House Prices on the move... UP!
Post by Jasignature on Apr 8^th, 2013 at 6:56am

Propaganda crap by still struggling Real Estate based upon 10% pockets of rise.
Lots of new real estate is going to be offered 'around' Sydney soon, especially out Picton way.
All this for supposedly 'new home owners' which is just B/S for the major (asian) Investors will snap it all up and out of reach of 'new home owners'.
Hmmm- what about those 'towns' for just Chinese being sold by Pollies & RE agents in Tasmania?

OZ Housing will not improve until USA Economics does.
If you know your global culture,
like you know the Liberals coincide with the Republics as does the Democrats with the ALP,
then you know that Housing will stay 'low'
...for the benefit of low income earners rather than greedy Real Estate Agents who force people to move back to New York where its cheaper.

...I went 'middle-man' and sold a house for just $115,000 rather than the $180,000 that was asked.
I'm chuffed. :)

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Apr 8^th, 2013 at 7:11am

It_is_the_Darkness wrote on Apr 8^th, 2013 at 6:56am:

A lot of ppl cant do that because of the mortgages though. you have to cover that or else you are paying it off forever with no house to show for it. That being said someone i know went bankrupt and the receivers sold his property for less than the debts and way below what it was worth. Surely that is illegal? Nobody got their money. Seriously they sold a brand new 3BR unit for 66k. If i had been there i woudla snapped it up.

SOB

Title: Re: House Prices on the move... UP!
Post by Jasignature on Apr 8^th, 2013 at 7:27am

A lot of people who can't do that because of mortgages are those that will lose out on their 2nd..3rd ...and other houses that they 'invested' in rather than move in.
It costs them more if it isn't sold and such a 'Depression' (especially for Economies that are heavilly associated with the USA Economy) won't move until another 5 years ...after a major war ;) again.

I waited a long long time in line for Housing prices to plummet from their ridiculous over-priced rate. Even though the Economy is considered 'bad' - the average house price in Sydney this last year has risen from $500,000 to $650,000 :o = joke!

In the Riverina, there are jobs galore and well paid ones too. I make $2,000 a week and have nearly paid off a 3 bedroom house I bought for $98,000.
What could I possibly be missing in Sydney that the Riverina doesn't have?
I feel sorry for people in Sydney/Melbourne, etc - they live like ignorant Logans Run/ The Island inhabitants.

Title: Re: House Prices on the move... UP!
Post by bobbythebat1 on Apr 8^th, 2013 at 7:27am

longweekend58 wrote on Feb 16^th, 2013 at 3:44pm:

Sir lastnail wrote on Feb 16^th, 2013 at 1:45pm:

Andrei.Hicks wrote on Feb 16^th, 2013 at 1:11pm:

Bobby, you and the angry man as usual have given me the laugh of the night.

your comprehension skills are as bad as ever. All I ever do is demolish your ridiculous arguments. and it is like shooting fish in a barrel.

You've never won an argument with genius Nail.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Apr 8^th, 2013 at 9:57am

It_is_the_Darkness wrote on Apr 8^th, 2013 at 7:27am:

labor will do anything to stop house prices collapsing including selling off to the highest bidders which of course now are the rich chinese. Bob Hawke has been to china 94 times. He is our national real estate agent selling the aussie dream to chinese investors. Labor the party for the people. Yeh right :(

Title: Re: House Prices on the move... UP!
Post by Andrei.Hicks on Apr 8^th, 2013 at 10:00am

Hey Nail, I have a buyer for my house in Melbourne.

Asian family and I have got $200,000 more than I paid for it in 2008.

Can you tell me what interest account would have made me that in 5 years please?

Title: Re: House Prices on the move... UP!
Post by Andrei.Hicks on Apr 8^th, 2013 at 10:00am

Title: Re: House Prices on the move... UP!
Post by thelastnail on Apr 8^th, 2013 at 10:07am

Andrei.Hicks wrote on Apr 8^th, 2013 at 10:00am:

You can do a lot better on the share market for less hassle ;)

And what's stopping you from selling since you think australia is such a ripoff then surely you'd want to offload it ??

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Apr 9^th, 2013 at 2:13pm

Sir lastnail wrote on Apr 8^th, 2013 at 10:07am:

Andrei.Hicks wrote on Apr 8^th, 2013 at 10:00am:

You can do a lot better on the share market for less hassle ;)

And what's stopping you from selling since you think australia is such a ripoff then surely you'd want to offload it ??

more rubbish from the perennial house renter!

Title: Re: House Prices on the move... UP!
Post by thelastnail on Apr 9^th, 2013 at 3:24pm

longweekend58 wrote on Apr 9^th, 2013 at 2:13pm:

Sir lastnail wrote on Apr 8^th, 2013 at 10:07am:

Andrei.Hicks wrote on Apr 8^th, 2013 at 10:00am:

You can do a lot better on the share market for less hassle ;)

And what's stopping you from selling since you think australia is such a ripoff then surely you'd want to offload it ??

more rubbish from the perennial house renter!

and how much is your office rent ? :D LOL

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Apr 10^th, 2013 at 3:32pm

Title: Re: House Prices on the move... UP!
Post by longweekend58 on Apr 10^th, 2013 at 3:33pm

Sir lastnail wrote on Apr 9^th, 2013 at 3:24pm:

longweekend58 wrote on Apr 9^th, 2013 at 2:13pm:

Sir lastnail wrote on Apr 8^th, 2013 at 10:07am:

Andrei.Hicks wrote on Apr 8^th, 2013 at 10:00am:

You can do a lot better on the share market for less hassle ;)

And what's stopping you from selling since you think australia is such a ripoff then surely you'd want to offload it ??

more rubbish from the perennial house renter!

and how much is your office rent ? :D LOL

I own my home moron. something you are incapable of doing.

Title: Re: House Prices on the move... UP!
Post by thelastnail on Apr 11^th, 2013 at 5:29pm

longweekend58 wrote on Apr 10^th, 2013 at 3:33pm:

Sir lastnail wrote on Apr 9^th, 2013 at 3:24pm:

longweekend58 wrote on Apr 9^th, 2013 at 2:13pm:

Sir lastnail wrote on Apr 8^th, 2013 at 10:07am:

Andrei.Hicks wrote on Apr 8^th, 2013 at 10:00am:

You can do a lot better on the share market for less hassle ;)

And what's stopping you from selling since you think australia is such a ripoff then surely you'd want to offload it ??

more rubbish from the perennial house renter!

and how much is your office rent ? :D LOL

I own my home moron. something you are incapable of doing.

so what. how much is your office rent you renter loser :D LOL

Title: Re: House Prices on the move... UP!
Post by Jasignature on Apr 11^th, 2013 at 6:56pm

Aussies who sell out to Asia for $$ching-ching
are like Americans who take the black cocck for population growth.

ALP & Gillard's 'non-child' policy, by 'importing' population growth (Boat People) while being 'Australasian' for the Asian economy.

The ALP may be smarter than the Coalition,
but they are definately working on behalf of the Rest of the World, rather than OZ's future. >:(

Title: Re: House Prices on the move... UP!
Post by Spot of Borg on Apr 12^th, 2013 at 5:35am

It_is_the_Darkness wrote on Apr 11^th, 2013 at 6:56pm:

Well ppl selling their house dont usually care who buys it and it may even be illegal to discriminate. You usually only ever see their name.

SOB

Title: Re: House Prices on the move... UP!
Post by Jasignature on Apr 12^th, 2013 at 7:07am

Then Spot - give me some of those Boat People as cheap labour and concubines then, if that is the case.

:P