In the last 2 years you have spent money on rent which has helped someone to pay off for an asset and you have nothing to show for it.

In the last 2 years, I have paid off a mortgage with my redundancy payment and now own an asset in Australia worth over $1m which is also getting me rent revenue.

My parents have 4 properties which they own outright and which have appreciated in value.

Mate, you'll excuse me for thinking your advice is a crock of sh*t.
I am a battler yet have done perfectly well in the housing market.

Sir lastnail wrote on Mar 13^th, 2012 at 10:57am:


if you are that stupid to say that because a handful of houses dropped significantly that there has bene a price crash then you deserve all the mocking you get.

you morons come on here repeatedly telling us first that housing is going to crash and now that it has crashed and you are even stupid enough to quote people that say the very opposite.

you trully are dumb as a bag of hammers, living in rented accomodation....

losers.

Sir lastnail wrote on Mar 13^th, 2012 at 11:17am:



i have no idea what you're LOLing about, Ive never made any of those statements. Please reply only to things I have actually said and not what you need me to say to prop up your feeble arguments

It just makes you look more retarded than usual.

Here's a little secret for the brain-dead.

Now IS the best time to buy, the market is soft and prices are falling / bottomed.

Now is NOT the best time to sell as the market is soft and prices are falling or bottomed.


This is something you'll never have to worry about as you can barely afford fuel for your car.   

Sir lastnail wrote on Mar 13^th, 2012 at 11:22am:



I pay no rent or mortgage and have an asset worth $1m. My parents have 4.
So hard isn't it?

Dicing with Debt

Leading up to the global financial crisis, the entrepreneurs of Ireland were having a field day. Money was being borrowed, investment projects approved and the economy was booming. Now Marian Wilkinson tells the story of the crash, the Government bailout of the Irish banks and the brutal austerity regime the Government agreed to that's taken a harsh toll on the Irish people. With Europe heading towards recession, some in Ireland say it should demand a renegotiation of its bailout terms, a move with the potential to create another financial panic.

"Basically this is extortion and that's what it is. It's extortion. It's the bullyboys of Europe, you know, the European Central Bank, the financial bullyboys of Europe forcing us to pay a debt that was never ours..."

The program hears from the failed entrepreneurs about the gamble they took that shattered Ireland's economy. We see evidence of the investments that failed, visiting massive "ghost estates" where row upon row of houses stand empty, awaiting their fate beneath the blade of a bulldozer.

BigOl64 wrote on Mar 13^th, 2012 at 11:26am:


Quote:


LOL

Longweekend,
Just man up & apologise.

You know you've been spruiking property prices since 2007
on Yahoo politics.
I know you Longweekend - I know where the skeletons are in your closet!

Bobby. wrote on Mar 13^th, 2012 at 11:38am:


madweekends famous last words

Buy NOW because it's the best time to buy !! LOL

Sir lastnail wrote on Mar 13^th, 2012 at 11:44am:



Hi Nail,
I hope that no one on this forum has listened
to his irresponsible advice & lost money.