Merged: Is the worst of the Global Financial Crisis behind us?
Join Date: Jun 2008
Location: South Pacific
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Did my National Service during the Vietnam Era. How about you? Didn't go overseas then, and used the saved pay later to fund my Commercial flying lessons.
There will always be people who take the shortcut through the swamp if they think they can make it, rather than the hard road on the ridge around it. But when they bog the company bus then there will be others who will be affected. - 'Course for them it doesn't matter as long as they got more than their share of the mangos and bananas picked on the way. The Gordon Gekko's M'Lord.
Living on the edge and revolution for the sake of it has passed by for me. Years of striving for an on-time departure, a smooth ride, and a squeaker landing have left their mark.
Live your fantasies if you must, - just don't disrupt economies on a grand scale. There are 6 billion hard working other individuals in the world with a desire for what passes for financial security in their environment too.
Read once that, you don't get what you deserve you get what you negotiate. So true.
Only ever was suprised once, when I found an extra 10,000 in the contract to what I had negotiated.
That's the Rumour anyway.
There will always be people who take the shortcut through the swamp if they think they can make it, rather than the hard road on the ridge around it. But when they bog the company bus then there will be others who will be affected. - 'Course for them it doesn't matter as long as they got more than their share of the mangos and bananas picked on the way. The Gordon Gekko's M'Lord.
Living on the edge and revolution for the sake of it has passed by for me. Years of striving for an on-time departure, a smooth ride, and a squeaker landing have left their mark.
Live your fantasies if you must, - just don't disrupt economies on a grand scale. There are 6 billion hard working other individuals in the world with a desire for what passes for financial security in their environment too.
Read once that, you don't get what you deserve you get what you negotiate. So true.
Only ever was suprised once, when I found an extra 10,000 in the contract to what I had negotiated.
That's the Rumour anyway.
Join Date: May 2005
Location: Downunder
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The current rise in property prices in Australia, NZ, UK and a few other countries are a flash in the pan or a 'false dawn' according to the FT, and there's more carnage to come.
The price increases are due to a temporary shortage of properties for sale, seasonal factors and a host of other fleeting considerations.
Commercial property in the US is facing a very grim time with some down 45%.
I used to do a bit of property a few years back but got out before the current rout. Following a crash in the property market it's my observation it takes a several years for punters to regain the confidence to get back in.
Here's something from the UK.
BBC NEWS | Business | 'False dawn' in UK housing market
The price increases are due to a temporary shortage of properties for sale, seasonal factors and a host of other fleeting considerations.
Commercial property in the US is facing a very grim time with some down 45%.
I used to do a bit of property a few years back but got out before the current rout. Following a crash in the property market it's my observation it takes a several years for punters to regain the confidence to get back in.
Here's something from the UK.
BBC NEWS | Business | 'False dawn' in UK housing market
Last edited by skol; 19th Sep 2009 at 00:48.
Grandpa Aerotart
In the US they have extended and increased the first home buyers tax credit from 8k to 15k and from first home buyers to anyone who wants to buy a house - sound like they think the bottom of the market has been reached?
On commercial real estate they have changed the tax laws to remove the tax burden on refinance - but the lenders are not lending because they understand and fear the potential potential losses in this sector. Why would you refi a debt on a property that may be worth 50% of current book value in 6 - 12 months?
The entirety of the small boost in manufacturing was down to the pump priming effects of the cash for clunkers etc - that has stopped so we can look forward to demand from the US car manufacturers falling in a heap next year - starting soon the US Govt is offering USD1000 rebate to anyone who wants to buy new white goods.
Only a fool would believe the rhetoric coming out of the Govt that the US recession is 'likely over'. If it was they wouldn't be doing any of the above - and the true picture will not be manifest until they DO stop the above.
And the good ship RMS Australian Housing sails on at full steam oblivious to the ice field ahead.
On commercial real estate they have changed the tax laws to remove the tax burden on refinance - but the lenders are not lending because they understand and fear the potential potential losses in this sector. Why would you refi a debt on a property that may be worth 50% of current book value in 6 - 12 months?
The entirety of the small boost in manufacturing was down to the pump priming effects of the cash for clunkers etc - that has stopped so we can look forward to demand from the US car manufacturers falling in a heap next year - starting soon the US Govt is offering USD1000 rebate to anyone who wants to buy new white goods.
Only a fool would believe the rhetoric coming out of the Govt that the US recession is 'likely over'. If it was they wouldn't be doing any of the above - and the true picture will not be manifest until they DO stop the above.
And the good ship RMS Australian Housing sails on at full steam oblivious to the ice field ahead.
Gnadenburg
Apart from the places I live in I don’t invest in residential property. The returns quite frankly are crap to my other investments and tenants give me the sh*ts. My parents before they retired had numerous residential investment properties and they got rid of all of them because of the problems they were having with tenants and the lack of legal protection afforded to landlords in most states.
Forex trading has been very good to me. I average a 15 - 20% return most years. Last year it was almost 45% which I used to pay down debt in Australia.
Yes I am a conservative investor and I plan to stay that way by investing my own money and not the banks. I have a number of rules with investing sensibly. My number one rule is if you can’t afford to loose it, you can’t afford the investment. My number two rule is if you don’t understand the investment and the risk associated with that investment stay away.
If some pilots leave me behind, good on them. I couldn’t care less. I don't take pilots financial advise and never will. I dance to my own tune. As long as I am comfortable and in good health and am providing well for my retirement with a sensible balance of investments then I am happy.
Just one property in Sydney? Forex gambled with just a "great chunk" of your loan and not the lot?
You are a very conservative investor. Good luck to you. But many pilots would have left you behind this cycle without the benefit of your "financial education" and dogged research.
How is your Hong Kong property fairing? From what I read dogged research would not have have picked the current market gains.
You are a very conservative investor. Good luck to you. But many pilots would have left you behind this cycle without the benefit of your "financial education" and dogged research.
How is your Hong Kong property fairing? From what I read dogged research would not have have picked the current market gains.
Forex trading has been very good to me. I average a 15 - 20% return most years. Last year it was almost 45% which I used to pay down debt in Australia.
Yes I am a conservative investor and I plan to stay that way by investing my own money and not the banks. I have a number of rules with investing sensibly. My number one rule is if you can’t afford to loose it, you can’t afford the investment. My number two rule is if you don’t understand the investment and the risk associated with that investment stay away.
If some pilots leave me behind, good on them. I couldn’t care less. I don't take pilots financial advise and never will. I dance to my own tune. As long as I am comfortable and in good health and am providing well for my retirement with a sensible balance of investments then I am happy.
Join Date: Apr 2001
Location: Launceston. Tasmania,Australia
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W or a zig zag, whatever, it ain't over by a long chalk. The banks are back with their snouts in the trough and excessive executive remuneration for ppp is still alive and well.
For those with the patience, I recommend investing 25 minutes listening to Professor Simon Johnson, currently the Ronald A. Kurtz Professor of Entrepreneurship at the Sloan School of Management at the Massachusetts Institute of Technology,http://http://www.bbc.co.uk/programmes/p00472bj
For those with the patience, I recommend investing 25 minutes listening to Professor Simon Johnson, currently the Ronald A. Kurtz Professor of Entrepreneurship at the Sloan School of Management at the Massachusetts Institute of Technology,http://http://www.bbc.co.uk/programmes/p00472bj
Last edited by Thylacine; 21st Sep 2009 at 08:11.
I'm no expert, but surely this has something to do with Japan's property prices never recovering from their highs:
(from Today's SMH)
(from Today's SMH)
Join Date: Dec 2000
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I agree with Mr Hat, crisis over. Again, I have no scientific nor economic reasoning, other than the fact that it took me half an hour to get a parking spot last weekend at Highpoint shopping centre! People are starting to spend again!! (Either that or they were there to window shop 
)
)
Join Date: Jul 2008
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Never was a massive problem as reserve bank(s) looked after the money supply.
Relax... just don't put you money in Telstra as the sovereign risk is too high. Actually don't invest in anything you think the government will decide to "invest in" .
Relax... just don't put you money in Telstra as the sovereign risk is too high. Actually don't invest in anything you think the government will decide to "invest in" .
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The "GURU" is quoting my "Coffin Corner" theory :-
The Horrible Conundrum Facing The Fed - The Market Ticker
May have to give up my day job??
The Horrible Conundrum Facing The Fed - The Market Ticker
May have to give up my day job??
Only asset that'll be appreciating is the USD.
Gee there has been some great gains in classy OZ property over the last 12 months. I'd go so far as saying the market is sizzling. Glad I didn't sell when the ppruners told me too....
Join Date: Dec 2005
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Sorry to be doomsday but . . . .
The Truth About The Economy : Information Clearing House - ICH
These guys are right on the money . . . so to speak.
These guys are right on the money . . . so to speak.
