Peter it seems property experts in Perth are shying away from predictions.
Perhaps they don't like what they see.
Lol - that sounds ominous for Perth.
Luckily Mike, Skamy and Blondie are here to maintain the faith. I don't think that anyone is predicting monster gains for Perth. If a home owner has no intention to sell then a modest paper loss or gain is immaterial.
I keep remembering the early days of the GFC though, when all experts predicted a crash and we got a boom - really no one knows for certain.
Luckily Mike, Skamy and Blondie are here to maintain the faith. I don't think that anyone is predicting monster gains for Perth. If a home owner has no intention to sell then a modest paper loss or gain is immaterial.
I keep remembering the early days of the GFC though, when all experts predicted a crash and we got a boom - really no one knows for certain.
Funny indeed... I have enjoyed the last 9 months since it peaked.
Bet I will enjoy the next 12 as well.
All at the lowest rates in history... who would have thought.
Well you sound certain. What I've learned over the years is that being certain is dangerous where large sums of money are at stake.
If and when you do buy, if you don't feel a touch of fear when you sign on the dotted line, you are at risk.
Take care.
are you fucking kidding me? .. sign a contract with a touch of fear ? that doesnt send bells that perhaps committing too much or perhaps? .. Would it not be prudent to do a bit more due diligence on exit plans to make sure if anything you are simply nervously excited about the opportunities the signing brings and confident this is a deal that will set you up - but aware of the risks with plans on how to deal with them just in case ?
i guess thats how you reassure your clients signing on to mortgages that its the right feeling when they see the numbers in front of their faces. Gotta keep the cashflow up and mortgage turnover rolling along right ?
edit: honestly that has to be the most retarted post ive read on this forum and i dont think could ever find a better comment to indicate where the dumb money is currently investing ... good lord..
So when will price growth flow out into regional areas such as the fraser coast etc.? Prices around Hervey bay & the likes are at 2004 prices. Will people see the value in these very affordable areas. Coastal suburbs have alot to catch up to capital cities. Sydney & melbourne have to be losing their shine for investors surely..
Probably a bit of wait up there for prices to ripple out. The best predictor for capital growth that I have found is the residex report. It is certainly a good time though to identify well located joints and buy them now before the growth spurt hits.
are you fucking kidding me? .. sign a contract with a touch of fear ? that doesnt send bells that perhaps committing too much or perhaps? .. Would it not be prudent to do a bit more due diligence on exit plans to make sure if anything you are simply nervously excited about the opportunities the signing brings and confident this is a deal that will set you up - but aware of the risks with plans on how to deal with them just in case ?
i guess thats how you reassure your clients signing on to mortgages that its the right feeling when they see the numbers in front of their faces. Gotta keep the cashflow up and mortgage turnover rolling along right ?
edit: honestly that has to be the most retarted post ive read on this forum and i dont think could ever find a better comment to indicate where the dumb money is currently investing ... good lord..
Well I was talking about signing a contract, not a mortgage. People who are supremely confident, in particular inexperienced home buyers, worry me because I do wonder if they have done their research into their own ability to both look after a house and manage their ongoing mortgage commitment.
But you sound like a very confident guy. I guess you have bought many homes - maybe 10, 20 or more.
How many?
Any expressed market opinion is my own and is not to be taken as financial advice
Well I was talking about signing a contract, not a mortgage. People who are supremely confident, in particular inexperienced home buyers, worry me because I do wonder if they have done their research into their own ability to both look after a house and manage their ongoing mortgage commitment.
But you sound like a very confident guy. I guess you have bought many homes - maybe 10, 20 or more.
How many?
none....
but ive signed a hell of a lot of contracts worth far more than a few hundred thousand on a house.... and never sign a contract where am fearful about it or the conditions.
For mine, the contract exists so you WONT be fearful as you have agreed to terms to bring a deal to fruition, and you should be comfortable with the risks associated with it. Why the fuck sign on to something you are scared about? sounds rather masochistic.
but ive signed a hell of a lot of contracts worth far more than a few hundred thousand on a house.... and never sign a contract where am fearful about it or the conditions.
and whose money was on the table - yours?
Any expressed market opinion is my own and is not to be taken as financial advice
but hey, if you want to sign off on deals that have you in fear be my guest... sounds idiotic to me...
edit: though i surely hope your customer's dont buy that BS... thats borerline predatory debt peddling IMO ... will strike that... but sense of fear? "a distressing emotion aroused by impending danger, evil, pain, etc., whether the threat is real or imagined; the feeling or condition of being afraid." http://dictionary.reference.com/browse/fear
surely you mean something like nervous excitement?... but fear? .. its an instinctive warning bell for us that reminds us that something is not right and could cause harm and you say thats a good thing ??...
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