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[McDuck]

Ha!

Think of how the people trying to take it all in must feel.

I figure you can write any of the content from your "conspiracy theory" thread here, as long as you don't attribute it to some master plan devised by some 1% of the population.

I'm still...

[McDuck]

Are the FED hoping to shock the system into a deflationary direction without having to follow through with actual long term interest rate hikes?
Possibly.
But getting interest rates up a fair way would make the OCR a functional tool again.
This might be their only chance to do that...

[McDuck]

It's called market share.
Sometimes it's better to get a little bit from a lot of people than a big bit from a few people.
Spreading your customer base both increases the resilience of your system, and blocks the competition.

Overall, interest rates should be at about 7%....

[McDuck]

From what I can tell, the real problem was the late settlement fee.
That was over three times the 50K deposit.

To me this sort of behavior is typical in all industries.

When people get comfortable in their jobs they get sloppy and cut corners. Make up shortcuts etc....

[McDuck]

It's still in play at the moment.
My guess is that they are too busy trying to recover the situation to give an update....

[McDuck]

I just cant figure out if they are slack, stupid or greedy and working together.

Really need to go visit the people and see the paperwork to get true read on this.

So disappointing, when you spend money on professionals and get this pitiful service.

If the REA...

[McDuck]

Looks like you have four jobs at once.

I guess you could sequence them.

Human attention can only be in one place at a time.

job 1. Tally up total losses, and stop further losses.

job 2. Recover losses from contract defaulter.

job3. Secure...

[McDuck]

Hi, yes it is all an unfortunate waste.

The man thing is to stop all losses and move forward.

Just to get some clear numbers, what's the amount and nature of the penalty fees?

Did you pay a five or ten percent deposit?

And on the prevention front,...

[McDuck]

Possibly.

Talk to the Real Estate Agent representing your dream house.
Let him or her know what the deal is.
See if he/she can work out some sort of arrangement.
If no one is representing your dream house now, ask the agent to ask the owners of your dream house to call...

[McDuck]

Well, you got the petrol price prediction right....

[McDuck]

yup,

it would be quite a risk to have people of such a different culture looking after a New Zealand type house.

I checked out Somali houses, no grass, lots of painted concrete walls, almost military grade toughness.

There are about 20 universities there, but the...

[McDuck]

My best advice to you is to wait until after the twelve day grace period and then put more effort into it.
Go for a nice dinner or similar with your family and put this out of your mind for a while.

Here's a good website that will answer some of your questions.

http...

[McDuck]

.............

[McDuck]

There's a good trick to prevent this.

You imagine the worst has already happened.

You imagine you go through the after disaster repair procedure.

For some reason the primitive human brain is satisfied with any sort of resolution, real or imagined....

[McDuck]

Hi Donna.

That's a great article you found, very smart author.

I've done a bit more research on this.


From what I can tell, your article is from the point of view of a buyer.
The flipper/buyer who wished to assign a contact. Not from the point of view...

[McDuck]

Hi Lauren. Not legal advice , but..
I'm, guessing that no one , not even your Lawyer knows how this is going to turn out.

If the most recent sale of your house goes through in time, and the most recent buyer pays up in time, then you may get your dream house.

One good...

[McDuck]

Just done some more research on this.
you might be in the middle of multiple contract buck passing, known as "assignment".


What Is an Assignment of Contract in Real Estate?
An assignment of contract involves transferring a real estate contract from an original...

[McDuck]

You need to break this problem into 2 parts.
Just deal with the first part. You fail to be paid.

Sounds like your original purchaser has defaulted on their part of the agreement.
So your beef is with them.
Sounds like your lawyer has served...

[McDuck]

Reserve bank just called current house prices unsustainable.
Well duh.
How many people warned them to stop squirting money around six months ago.
Now they warn us???...

[McDuck]

Millennials are all in denial.

It's pretty clear what direction the Fed is heading in now....