60 minutes doing a special on lending too much money

Discussion in 'Loans & Mortgage Brokers' started by Beelzebub, 21st Feb, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
Page 3 of 23
  1. Xenia

    Xenia Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,863
    can someone post a link please?
     
    Xenia, 21st Feb, 2016
    #41
  2. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    Gotta love 60 minutes, not. Can't believe the show is still on air. Can't believe I'm actually watching it right now
     
    Barny, 21st Feb, 2016
    #42
    Toon, Sackie, D.T. and 2 others like this.
  3. eskander

    eskander Well-Known Member

    Joined:
    31st Dec, 2015
    Posts:
    105
    Location:
    NSW » Central Coast
    "There is no question that house prices will go down, just a question of when"

    Is this 'expert' really generalising property in Australia based on Moranbah?
     
    eskander, 21st Feb, 2016
    #43
    S.T, SOULFLY3 and Barny like this.
  4. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    Well technically part of the cycle does go down..... The % varies a lot though!

    Did they find the best oxygen theiving experts they could?
     
    bob shovel, 21st Feb, 2016
    #44
  5. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    He had a lot of books behind him. He knows his **** aight!
     
    Biz, 21st Feb, 2016
    #45
    bob shovel, Cactus and eskander like this.
  6. Speede

    Speede Well-Known Member

    Joined:
    26th Sep, 2015
    Posts:
    786
    Location:
    A wannabe Mexican
    She complains because banks lent her large amount......no sympathy.

    Cry me a river.

    Go bankrupt for all i care....at the end of the day....bank never put a gun on your head and forced you to sign.
     
    Speede, 21st Feb, 2016
    #46
    RiMo, Foxdan, S.T and 4 others like this.
  7. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    Unbelievable, he's going to bet that the bubble will bust. But didn't mention how to place the bet. I wanna bet too
     
    Barny, 21st Feb, 2016
    #47
    Jess Peletier likes this.
  8. BuyersAgent

    BuyersAgent Well-Known Member Business Member

    Joined:
    20th Jun, 2015
    Posts:
    1,401
    Location:
    Oz
    Super responsible journalism there...
     
    BuyersAgent, 21st Feb, 2016
    #48
    Cactus and eskander like this.
  9. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia

    Haha only the finest.
     
    Barny, 21st Feb, 2016
    #49
  10. The Falcon

    The Falcon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,426
    Location:
    AU
    I liked the "Moranbah is the canary in the coal mine" bit. lol. Nope, Moranbah is a one industry town that went through a cyclical boom. That's it.
     
    The Falcon, 21st Feb, 2016
    #50
    Toon, Player, Amberlee and 3 others like this.
  11. sauber

    sauber Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    890
    Location:
    Get me down to funky town!
    The guy who did that story is the biggest **** around! He blows **** out of proportion!!!!! I get yes people are paying too much for property but that's the market of what people are wanting to pay.
     
    sauber, 21st Feb, 2016
    #51
  12. beachgurl

    beachgurl Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,320
    Location:
    Sydney
    What a load of crap that show was. I was at some of the same seminars where people were earning tens of thousands of positive cash flow per property. My gut said it was a risky way to invest. Perhaps a few others should've invested more conservatively.
     
    beachgurl, 21st Feb, 2016
    #52
    S.T, Cactus and Perthguy like this.
  13. Ace in the Hole

    Ace in the Hole Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,874
    Location:
    Sydney
    Does the American guy not realize that investors take advantage of IO loans for negative gearing?
     
    Ace in the Hole, 21st Feb, 2016
    #53
    kierank, allegria, el caballo and 2 others like this.
  14. The Falcon

    The Falcon Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,426
    Location:
    AU
    Thought it interesting that my wife who has zero interest in investments was amazed that someone would buy 10 houses in a mining town. I beleive the term used was "WTF?". :)
     
    The Falcon, 21st Feb, 2016
    #54
    LMD, Erida, Frazz and 6 others like this.
  15. Ace in the Hole

    Ace in the Hole Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,874
    Location:
    Sydney
    There's gonna be bad and risky investments in every industry.
    This is just one small occurrence.
     
    Ace in the Hole, 21st Feb, 2016
    #55
  16. Humphrey

    Humphrey Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    74
    Location:
    Sydney
    Agreed. No sympathy.
     
    Humphrey, 21st Feb, 2016
    #56
    S.T likes this.
  17. eskander

    eskander Well-Known Member

    Joined:
    31st Dec, 2015
    Posts:
    105
    Location:
    NSW » Central Coast
    Does he also not realise banks base serviceability on P+I no IO?
     
    eskander, 21st Feb, 2016
    #57
    allegria and Cactus like this.
  18. Ace in the Hole

    Ace in the Hole Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,874
    Location:
    Sydney
    LOL at the American guy saying that auction was the craziest thing he'd ever seen !
     
    Ace in the Hole, 21st Feb, 2016
    #58
    Cactus likes this.
  19. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    Anyone know who the expert was? Seen him before, can't recall where. Wanna check out his credentials, and where to bet.
     
    Barny, 21st Feb, 2016
    #59
    eskander likes this.
  20. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    We all know that Perth is the canary in the coal mine for the Australian Property Market. ;)

    The whole Australian property market is shot because the Perth market has gone down a bit. :D
     
    Perthguy, 21st Feb, 2016
    #60
    WattleIdo and Barny like this.
Page 3 of 23