Real Estate

[Admin]

Buying your first house? Choosing a real estate agent? Looking for a Realtor? A full time investor? Buying your first duplex? This is the spot for first timers, secondtimers, landlords, rehabbers, flippers, and buy-and-holders

 

[wingman]

Hi

 

[Johnnie Walker]

Hi, i would like to buy a massively over valued asset on as little down as possible. Even though im years late to the party i am surely guaranteed to make money.

is 1% down ok?

 

[Grunta]

Hi, i would like to buy a massively over valued asset on as little down as possible. Even though im years late to the party i am surely guaranteed to make money.

is 1% down ok?

No, you need 10

 

[wingman]

No, you need 10

Closer to 20 with new APRA policy

 

[Bazza20]

It's funny how at the time property always seems overvalued, then 10 years later. If only I had brought that place.

 

[Neddysmith]

I don't think the new APRA policy will effect the prices in the housing market at all, it will just make it harder to get loans.

 

[Johnnie Walker]

eh?

the entire prooerty market is based on peooples ability to get loans. lack of credit = drop in prices. set in stone fact

 

[Bazza20]

The wealthy Chinese seem to be getting loans just fine.

 

[Johnnie Walker]

sure about that? didnt know you followed chinese shadow banking and liquidity

 

[Bazza20]

They seem to buying farms and houses around here just fine. But yeah, what ever you say.

 

[Neddysmith]

And aren't most of the APRA changes related to making it harder for investors to get loans? Not owner occupiers?

 

[Johnnie Walker]

They seem to buying farms and houses around here just fine. But yeah, what ever you say.

how do you know they arnt paying cash?

the chinese credit boom is over and if you dont believe me go look at commodity prices

 

[Bazza20]

how do you know they arnt paying cash?

the chinese credit boom is over and if you dont believe me go look at commodity prices

Don't know or care what they are paying with but they are keeping the prices up.

 

[Johnnie Walker]

but you said they are getting loans.. now you dont know how they are paying? ussual bazza bs

 

[Bazza20]

but you said they are getting loans.. now you dont know how they are paying? ussual bazza bs

Yeah. Got me, I did.

Let me change that. They are buying property and keeping prices up fine.

My bullshit. Do we have to go back over your garbage about food and farming again. Lol.

 

[Johnnie Walker]

please do, as i dont remember talking about food and farming ?

 

[Bazza20]

please do, as i dont remember talking about food and farming ?

Haha. Actually I'm having a shocker. I'm thinking I'm mixing you up with someone else.

You are right. Just my usual bs.

Continue on.

 

[wingman]

eh?

the entire prooerty market is based on peooples ability to get loans. lack of credit = drop in prices. set in stone fact

Yep this is true. Can only buy with availability of credit.
Chinese / foreign buyers are mostly buying with cash

 

[Jungnaut]

How else are they gonna laundry dirty money these days? If they keep it at home and get caught, it's off to the firing squad lol.