why couldnt it happen here, page-31

The suburbs I own properties in and their up/down price for 2008 based on RP data.

SA
Glenelg up 12.2%
Adelaide up 7%
Thebarton up 4.5%
St Peters up 12.2%
QLD
Currumbin Waters up 9.5%
NSW
Marrickville down 2%
Mona Vale unit up 23.9%

average of 9.61% return first 4 months of 2008

28.83% p.a....not bad for a falling market....lol

The bank gives you 7% p.a....lol
The share market down 20% just this year

I know where my money will be parked....and buying

Although I do love to dabble in the speculative part of the sharemarket.



What I find amusing....actually staggering.... is that most people that fall on hard times either blame the broker, the bank , the agent, or subprime or the sun, the moon.......

how about just blaming yourselves for buying on 100% LVR's a McMansion....and then getting a credit card and buying a whopping big telly.

Cant wait for the day i hear someone say....

" I have to sell the house becuase i was a twit and bought a house that was not suitable for my income and then i pissed up the cash advance on the credit card and bought a big telly when the wife was pregnant".

House prices are overpriced....lol

Compared to what??......the house prices??......lol

They are what they are......

I bet my great grandma thinks my house at 900k is overpriced when she bought hers next door for 2.5k.

Its a bit like petrol.....everyone whingers about the price in Australia...overpriced, too high....again it is what it is.

Go fill up ya car in England.