Originally posted by fatfishandchipman
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Can you get Rich and Retire Early in Real Estate?
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Originally posted by fatfishandchipman View PostNegative?
The boy said he was 21.
At age 21 we are only barely starting our lives. At age 21 ENP is expecting the world to be handed to him on a platter. He is expecting far more than he has a right to. What has he earned? What has he learned? Where is he going? What is his plan?
What has he earned?
What has he learned?
Where is he going? What is his plan?
His is currently working on it and hoping that he will get enough information to plan his path..
F&C man...take a breather mate...If others can do it so can he...
ENP...all the best and always stay positive...
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Fish and Chips, I'm still struggling to understand what you're trying to say.
So there were lots of sales from 2002 to 2007, and since then there have been relatively few.
Isn't that just a cycle? i.e. during the build up and boom phases everyone's buying and selling and now that we've been through (or still in?) the slump no one wants to pay the perceived high prices and sellers feel they can't sell or they'd take a loss?Squadly dinky do!
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Correct.
But there is one major difference with this bubble. As house sales continue to decline median house prices have increased. By this time, with such a decline in home sales, prices should have fallen; they have not.
What reversal of fortune waits in store for us? Will it be quick and neat or slow and painful?
· Inflated median home values.
· Declining home sales.
· A Declining job market.
· A recession that appears endless.
· An ever increasing (hovering really, but higher than it should be), yet impotent dollar.
Debt, debt and more debt; holding us down; drowning us in sorrow and in life. Oh, woe are we… woe are we…
Something must break – and soon.
House Sales less than 4500
· Jan 1992 4427 $105,500.00
· Apr 2008 4450 $345,000.00
· May 2008 4372 $345,000.00
· Jun 2008 4305 $340,000.00
· Jul 2008 4489 $340,000.00
· Aug 2008 4220 $330,000.00
· Sep 2008 4499 $330,000.00
· Oct 2008 4469 $335,000.00
· Nov 2008 4279 $337,500.00
· Dec 2008 4302 $328,500.00
· Jan 2009 3706 $325,000.00
· Jan 2010 3666 $350,000.00
House Sales greater than 8000
· Feb 1994 8064 $125,000.00
· Mar 1994 9266 $125,000.00
· Nov 1995 8193 $146,000.00
· Feb 1996 9941 $154,000.00
· Mar 1996 9960 $156,000.00
· Apr 1996 8284 $150,000.00
· Nov 1996 8390 $157,000.00
· Mar 1997 8186 $165,000.00
· Apr 1997 8070 $163,000.00
· Mar 1999 8114 $168,900.00
· Feb 2002 8677 $186,000.00
· Mar 2002 9648 $186,125.00
· Apr 2002 9143 $189,000.00
· May 2002 9061 $188,000.00
· Aug 2002 8036 $185,000.00
· Oct 2002 9433 $188,000.00
· Nov 2002 9822 $195,700.00
· Jan 2003 8157 $193,100.00
· Feb 2003 9643 $195,000.00
· Mar 2003 10745 $200,000.00
· Apr 2003 9014 $202,000.00
· May 2003 11336 $210,000.00
· Jun 2003 9789 $210,000.00
· Jul 2003 10150 $212,000.00
· Aug 2003 10222 $215,000.00
· Sep 2003 10686 $215,000.00
· Oct 2003 10923 $227,000.00
· Nov 2003 10774 $235,000.00
· Dec 2003 8669 $228,500.00
· Jan 2004 8382 $229,000.00
· Feb 2004 9859 $231,000.00
· Mar 2004 11378 $240,000.00
· Apr 2004 9609 $242,000.00
· May 2004 9408 $248,000.00
· Jun 2004 8425 $243,000.00
· Aug 2004 8143 $248,000.00
· Oct 2004 8191 $252,500.00
· Nov 2004 9474 $260,000.00
· Dec 2004 8546 $260,000.00
· Feb 2005 10145 $270,000.00
· Mar 2005 10406 $280,500.00
· Apr 2005 8875 $272,000.00
· May 2005 9249 $275,000.00
· Jun 2005 8025 $284,500.00
· Jul 2005 8135 $282,000.00
· Aug 2005 8591 $289,000.00
· Sep 2005 9186 $290,000.00
· Oct 2005 8513 $295,000.00
· Nov 2005 9357 $300,000.00
· Mar 2006 10039 $302,000.00
· May 2006 9642 $305,000.00
· Jun 2006 8428 $310,000.00
· Aug 2006 8556 $310,000.00
· Sep 2006 8658 $313,000.00
· Oct 2006 8857 $324,000.00
· Nov 2006 9990 $330,000.00
· Dec 2006 8245 $330,000.00
· Feb 2007 9357 $335,000.00
· Mar 2007 10989 $343,500.00
· Apr 2007 8194 $349,000.00
· May 2007 9285 $350,000.00
I tried inserting an image of a graph showing the numbers but alas, I cannot. Perhaps, my “woes” got in the way.Last edited by Perry; 22-02-2010, 10:09 PM.
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Beat your chests proudly! Look how your equity has grown. But, yet, to extract it before the bank does… This is the trick, the goal; the impetus of our actions, as property developers we must free that equity before the bank does, leaving us blind and sodden to the ditch of failure; a footnote to history.
“Those foolish surfers who rode the first bubble of the twenty first century.”
Woe, woe is us…Last edited by fatfishandchipman; 21-02-2010, 06:09 PM.
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not to overindulge in fish n'chips?
still keep in mind that
as much as the economists have been studying japan's collapse of 1990 they have still been unable to prevent similar or have better ideas as to how to get out from 2 stalled decades
maybe fat fish n' chips is badger!Last edited by Perry; 22-02-2010, 10:10 PM.have you defeated them?
your demons
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Originally posted by ENP View PostFish and chip man, do you have property investments?
Of course I do. How else would I know any of this stuff?
Now is the time to pull back from property, not jump in. That's what investing is -- knowing when to play your hand or when to hold. It is, in essence, gamboling. Many will tell you that it is a special form of “educated gamboling,” but in reality, much like the way a slot machine is played, greed is master and commander of the game. This is why some people lose and some people win.
The last thing you should be thinking about at age 21 is a buying house at an inflated value because, currently, that’s all that is out there and anyone that tells you otherwise is either misinformed or an out-and-out liar.
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ENP... chipman is right about now being a waiting game. There will be better and better opportunities available after the tax changes are announced.You can find me at: Energise Web Design
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Originally posted by eri View Postas much as the economists have been studying japan's collapse of 1990 they have still been unable to prevent similar or have better ideas as to how to get out from 2 stalled decades
I've always thought that economies are controlled by govt policies and consequences of those policies eg if we want a recession then we can cause one, if we want growth then we stimulate.
Regarding Japan and the lost decades - I've assumed that's because Japan wants it that way. In otherwords, Japan doesn't want to make the changes that perhaps it should.
You make it sound that the best brains in Japan are at a loss what to do.
Is that the case?
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Originally posted by drelly View PostENP... chipman is right about now being a waiting game. There will be better and better opportunities available after the tax changes are announced."You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right"
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knowing when to play your hand or when to hold. It is, in essence, gamboling
And by the way, you never count your money when you're sitting at the table.
Advice given free of charge. No thanks necessary.
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