If you have a 5 week void to find someone new it’ll take you 7 months to make the money back. I’d talk to them. See what they can afford.
No. The reason? The losses on a PPOR are almost never realised as you have to live somewhere. I wouldn’t necessarily buy an investment property...
What was the inflation rate? I remember inflation doing the heavy lifting to reduce real house prices at least twice in the UK.
It depends is the unhelpful answer. Highly paid people tend to be productive, hence them being highly paid. Cutting taxes for them tends to...
I know nothing. I think houses in Australia are expensive and it’s ridiculous that a big, empty country like Aus has people sleeping in cars....
100% Stoffo. We once lived for 4 days on peanut butter and bread bought with money borrowed from petty cash at work. That’s broke. Understandably...
Check your T&Cs. If I offered you that deal I’d have a term in there to make sure you didn’t rip me off like this. I’d at least be adding the...
It has to be a risk. If they aren’t making new loans they’re profits will flatline at best. A lot of it will depend on how they manage risk but...
IME big drops only really happen when people lose their jobs in large numbers or are otherwise forced to sell. There will be some people hurting...
I worked in banking and finance for 25 years. The way I’ve always looked at it is that if the RBA can’t print enough money to bail out...
I’m making no claim as to whether prices will rise or fall but the price of any asset should be the net present value of the future cash flows...
Hard agree mate. What the Fed found out, and Volker acted on, was that if you strip everything which prices are rising on from the inflation...
Any reason not to just buy into a REIT and save yourself a whole heap of hassle while getting plenty of diversification? Lack of diversification...
Haha. Exponential works just fine if we believe that trees grow to the sky. In about 2006 I calculated that if UK GDP and house prices remained...
I plan to give each of my kids a small one bed flat. Starting out without having to pay rent makes such a difference to your choices in life.
I wouldn’t assume you’ll get a price boost from EU accession. The experience from other accession countries is a prolonged drain of young and...
Yes as it allows me to compare meaningfully across years, especially multi-year periods.
ISTR that Steve Jobs used to buy a new car every few months so he could drive it on a temporary registration rather than spending half a day...
I’m an economist by training and I’ve carried that on as a hobby and one of the things I’ve found down the years is that you can observe things in...
Another view here. ‘If you don’t like it, leave’: renters priced out of their homes as landlords pass on costs of RBA rate hikes Interesting...
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