"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Someone like you could never enjoy Perth - you are too up yourself for this place. It is really just one big suburbia by the sea. You are such a fibber - massively leveraged investors are a figment of your imagination. For almost 10 years banks have been lending very cautiously and for the last 10 years in Perth investors have been slim on the ground.
Don't let the facts interfere with your black fantasy land.
Depends what you mean Roddy. Are you suggesting that Perth may not be attractive to people such as myself because it's "cheap" and has a suburban profile?
Most people being home owners with the big idea of living in their abode.
We'll see what happens next time, now that there are so many cross collateralized, massively leveraged investors in the market.
Can they hold on? Maybe if they buy enough mechanically reclaimed mince futures.
Leverage has been at about 1.8x income since 2008. You are fine to preach with your 4 properties, but stop taking schmucks like timo for a ride promising "the big crash"
Leverage has been at about 1.8x income since 2008. You are fine to preach with your 4 properties, but stop taking schmucks like timo for a ride promising "the big crash"
How many mortgages have you got?
Khaderbhai
15 Dec 2016, 03:54 PM
The investor share of housing loans is not much higher today than it was in 2003...
But yeah, it will be 'different next time' ... just keep telling yourself that Golly.
Big crash is just around the corner, as it has been since 2001, right?
Is it up to 60% yet in NSW? What about Sydney specifically?
You are such a fibber - massively leveraged investors are a figment of your imagination. For almost 10 years banks have been lending very cautiously and for the last 10 years in Perth investors have been slim on the ground.
You work in the credit risk department of one of the big four? Or are you just making shit up again?
Speak when you are angry and you will make the best speech you will ever regret. Ambrose Bierce
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