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23 Years Old. Should I buy a home or load up on IPs?
Topic Started: 30 Dec 2016, 04:32 PM (4,103 Views)
Khaderbhai
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Wealthy Suburbanite

Rastus2
1 Jan 2017, 08:15 PM
I didn't see people reacting emotionally
Thanks OK... I saw them.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"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."
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Chris
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Khaderbhai
2 Jan 2017, 03:02 PM
Thanks OK... I saw them.
BY them who are you referring to shadow and what part of what they said did you contextualise as an emotional reaction?
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Rastus2
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Khaderbhai
2 Jan 2017, 03:02 PM
Thanks OK... I saw them.
do you often see things that are not real ?
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Foxy
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Zero is coming...

Khaderbhai
1 Jan 2017, 05:14 PM
The point was to show that even if you can save $100K a year, it's a waste of time if house prices are increasing by $200K a year.
True, i look at the devaluation of the money, any asset has the potential to go "up" when the local currency goes down...

If inflation is running at say 3% per year then going up in real terms after holding costs and interest become, well is it going up in real terms?

Then can anything swim against that tide?

Look for most the house is the only option, investing out of that is fraught with uncertainty.

I have been investing for over 35 years, i can tell you if i just had the money i have lost i could live very well, sometimes i get lucky and get a little back plus some.

For the mom and pop investors maybe the house is the very best option.

So good luck to all.

I hope your houses at least maintain their nominal values.

Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Ex BP Golly
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Trollie
31 Dec 2016, 09:05 PM
It's still more helpful than your post.
One could allege shadobhais post might be approaching helpfulness.
Khaderbhai
31 Dec 2016, 08:56 AM
Even if you can save $100K+ a year, it's a waste of time if house prices in the price range you're looking at are increasing by $200K+ a year.
idiot.
Edited by Ex BP Golly, 3 Jan 2017, 07:33 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Rastus2
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Trollie
1 Jan 2017, 03:01 PM
You sure do need a lot of shit explained to you don't you rastus.
Still waiting for that explanation... I take your silence as a confession you jave no valkd reason.



Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Trollie
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Rastus2
3 Jan 2017, 09:16 AM
jave no valkd reason.


It's true, I jave no valkd reason.
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Khaderbhai
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Wealthy Suburbanite

Rastus2
2 Jan 2017, 09:44 PM
do you often see things that are not real ?
I see just fine, unlike the guy with wool over his eyes after being hoodwinked by BT for years.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"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."
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