Comments for Highshots http://www.highshots.com Brisbane Real Estate Photography and Architectural Photography Mon, 20 Feb 2012 17:25:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Harry Dent: Australian real estate will crash in 2012 by Kit Tambo http://www.highshots.com/2011/09/harry-dent-australian-real-estate-will-crash-in-2012/#comment-1768 Kit Tambo Mon, 20 Feb 2012 17:25:30 +0000 http://www.highshots.com/?p=1396#comment-1768 There are 26 houses on my block....13 on our side of the street and 13 on the other. There is ONE child on the entire block. Because of Harry's theories, I began to research the demographic problem. It is real and it is scary. Schools are closing down all over the world. In one area of Tennessee, enrollment is down by 70%. Not only is Harry Dent correct, so are the USCCB,(Catholic Bishops) who have trying to reverse this trend for decades. Japan is officially dying, China is a disaster waiting to happen. Without immigration, Europe would already be living in a new dark age. Go ahead, google "demographic" and "decline", with every country in the world. There are 26 houses on my block….13 on our side of the street and 13 on the other. There is ONE child on the entire block. Because of Harry’s theories, I began to research the demographic problem. It is real and it is scary. Schools are closing down all over the world. In one area of Tennessee, enrollment is down by 70%. Not only is Harry Dent correct, so are the USCCB,(Catholic Bishops) who have trying to reverse this trend for decades. Japan is officially dying, China is a disaster waiting to happen. Without immigration, Europe would already be living in a new dark age. Go ahead, google “demographic” and “decline”, with every country in the world.

]]> Comment on Harry Dent: Australian real estate will crash in 2012 by Terry http://www.highshots.com/2011/09/harry-dent-australian-real-estate-will-crash-in-2012/#comment-1759 Terry Thu, 16 Feb 2012 17:23:45 +0000 http://www.highshots.com/?p=1396#comment-1759 The hidden property crash...The scary side of owner occupied loans is easily calculated. Modest $380,000 loan acquired in 2008 @ 7.2%. The owner will have paid $125,000 in repayments by now reducing their principal by a measly $16,000 to $364,000. The property market drops by 5% and they sell this year for $361,000. The total cost for 4 years = $112,000!!! or loss terms $380,000 + $125,000 = $505,000 (Break even) $361,000/$505,000 = 71.4% price deficit since 2008 The hidden property crash…The scary side of owner occupied loans is easily calculated. Modest $380,000 loan acquired in 2008 @ 7.2%. The owner will have paid $125,000 in repayments by now reducing their principal by a measly $16,000 to $364,000. The property market drops by 5% and they sell this year for $361,000. The total cost for 4 years = $112,000!!! or loss terms
$380,000 + $125,000 = $505,000 (Break even)
$361,000/$505,000 = 71.4% price deficit since 2008

]]> Comment on Harry Dent: Australian real estate will crash in 2012 by Christos http://www.highshots.com/2011/09/harry-dent-australian-real-estate-will-crash-in-2012/#comment-1752 Christos Wed, 15 Feb 2012 08:25:36 +0000 http://www.highshots.com/?p=1396#comment-1752 Laurent that's a classic truism baby! What's now? Laurent that’s a classic truism baby!
What’s now?

]]> Comment on Harry Dent: Australian real estate will crash in 2012 by deen http://www.highshots.com/2011/09/harry-dent-australian-real-estate-will-crash-in-2012/#comment-1746 deen Tue, 14 Feb 2012 16:19:11 +0000 http://www.highshots.com/?p=1396#comment-1746 You may think that we are somehow immune to what is going on around the world but Australians would be wise to shed the arrogant "it won`t happen to us attitude". I see many people buying property with money they don`t have and both HAVING to work just to keep up with the mortgages. On top of this is private school fees each year for usually more than one child and rising costs just for utilities etc. What is with buying property and only paying the interest? The banks have you by the nuts in this situation and they will and can do what they please. Do any of you have extra time to work a third job to pay for a rise in interest rates? Best not to talk about the Americans and so-called extravagant lifestyles as many here are way over their heads in debt. Better pay close attention to what Mr Dent is saying...it is already starting to happen! You may think that we are somehow immune to what is going on around the world but Australians would be wise to shed the arrogant “it won`t happen to us attitude”. I see many people buying property with money they don`t have and both HAVING to work just to keep up with the mortgages. On top of this is private school fees each year for usually more than one child and rising costs just for utilities etc. What is with buying property and only paying the interest? The banks have you by the nuts in this situation and they will and can do what they please. Do any of you have extra time to work a third job to pay for a rise in interest rates? Best not to talk about the Americans and so-called extravagant lifestyles as many here are way over their heads in debt. Better pay close attention to what Mr Dent is saying…it is already starting to happen!

]]> Comment on Harry Dent: Australian real estate will crash in 2012 by Laurent http://www.highshots.com/2011/09/harry-dent-australian-real-estate-will-crash-in-2012/#comment-1648 Laurent Mon, 30 Jan 2012 04:04:44 +0000 http://www.highshots.com/?p=1396#comment-1648 Zac... Property prices double every 7 years do they??? My Grandad bought a house in 1960 for 30k. It's now worth about $900,000 and is going down. By now it should be worth 3.8 million. Whats going on, will someone please give my Grandad the extra money? And in 4 years time it should be worth 7.6 million. I have a feeling that may not happen.. hmmm. 2023 it will be worth 15.2 million. 21 years after this it will be worth 121 million and another 21 years later it will be worth a BILLION dollars. hmmmmm. Anyone else think the 7 year double may not be true? Zac… Property prices double every 7 years do they??? My Grandad bought a house in 1960 for 30k. It’s now worth about $900,000 and is going down. By now it should be worth 3.8 million. Whats going on, will someone please give my Grandad the extra money? And in 4 years time it should be worth 7.6 million. I have a feeling that may not happen.. hmmm. 2023 it will be worth 15.2 million. 21 years after this it will be worth 121 million and another 21 years later it will be worth a BILLION dollars. hmmmmm. Anyone else think the 7 year double may not be true?

]]> Comment on Harry Dent: Australian real estate will crash in 2012 by Laurent http://www.highshots.com/2011/09/harry-dent-australian-real-estate-will-crash-in-2012/#comment-1647 Laurent Mon, 30 Jan 2012 03:49:21 +0000 http://www.highshots.com/?p=1396#comment-1647 All markets throughout history have boomed and busted. Gold, stock markets, oil, corn, wheat, sugar, commercial property and guess what else..... Property for you and me! There is no way around this simple fact. Look through the last decade, last hundred years, last thousand years. The tulip bubble of the 1600s, South Sea bubble in england - 1700s, dot com bubble. We've had property bubbles before too. This is nothing new. Anyone that is old enough - the early 90s property decline. My uncle sold a 2 bed unit on the sunshine coast in the 90s for $80,000 because," Property has gone no where but down for years". There was also property bubbles around the world in the 60s/70s which popped and left everyone dumbfounded and broke. There was the post depression property bubble in the 30s/40s all around the western world. I really don't get how people can't accept that property is boom and bust just like all asset classes and it has popped and bubbled before. This is nothing new!! Some people act like it's so new and "omg, what will happen". Search the net for bubbles, past property bubbles, past stock bubbles and you will see they are a part of our economy because of banks and our own greed. Yes I believe property is a good long term investment. If you hold onto it for the next 20-30 years chances are you will be richer then today, but...... No market, including the property market, goes up without significant humps along the way. Normal declines are 30-40% and this will happen to Australia too. Yes we are a growing country, yes our population is growing, yes people would like more supply. Butttt, in the USA and Europe they all said the same thing in 2006 but prices do get to a point of ill affordability and banks get wind of this and start taking away the credit to protect themselves. This in turn leaves little chance of more bull years and people start to move away from buying property, cause 1) They can't afford it (ask around - who can afford it) and 2) banks won't lend like they used to. My advice: If you can't take a 30-40% decline over the next few years and hold on till we pull up which could take another 5-10 years from now, you should sell now. All markets throughout history have boomed and busted. Gold, stock markets, oil, corn, wheat, sugar, commercial property and guess what else….. Property for you and me! There is no way around this simple fact. Look through the last decade, last hundred years, last thousand years. The tulip bubble of the 1600s, South Sea bubble in england – 1700s, dot com bubble. We’ve had property bubbles before too. This is nothing new. Anyone that is old enough – the early 90s property decline. My uncle sold a 2 bed unit on the sunshine coast in the 90s for $80,000 because,” Property has gone no where but down for years”. There was also property bubbles around the world in the 60s/70s which popped and left everyone dumbfounded and broke. There was the post depression property bubble in the 30s/40s all around the western world.

I really don’t get how people can’t accept that property is boom and bust just like all asset classes and it has popped and bubbled before. This is nothing new!! Some people act like it’s so new and “omg, what will happen”. Search the net for bubbles, past property bubbles, past stock bubbles and you will see they are a part of our economy because of banks and our own greed.

Yes I believe property is a good long term investment. If you hold onto it for the next 20-30 years chances are you will be richer then today, but…… No market, including the property market, goes up without significant humps along the way. Normal declines are 30-40% and this will happen to Australia too. Yes we are a growing country, yes our population is growing, yes people would like more supply. Butttt, in the USA and Europe they all said the same thing in 2006 but prices do get to a point of ill affordability and banks get wind of this and start taking away the credit to protect themselves. This in turn leaves little chance of more bull years and people start to move away from buying property, cause 1) They can’t afford it (ask around – who can afford it) and 2) banks won’t lend like they used to.

My advice: If you can’t take a 30-40% decline over the next few years and hold on till we pull up which could take another 5-10 years from now, you should sell now.

]]> Comment on Harry Dent: Australian real estate will crash in 2012 by Zac Newbold http://www.highshots.com/2011/09/harry-dent-australian-real-estate-will-crash-in-2012/#comment-1610 Zac Newbold Mon, 23 Jan 2012 11:32:30 +0000 http://www.highshots.com/?p=1396#comment-1610 Unfortunately there are more pessimists out there in the world than than optimists. As soon as the things get a bit challenging the pessimists all seem to come out of the woodwork. If you look at property historically over the last 100 or so years in Australia property values (especially the quality properties) have doubled every 7-10 years. Obviously at present prices seem to be flat, however, once interest rates start coming down and rental yields start going up that will entice investors (new or existing) investors to get back into property investing. As a business involved in property advisory, Zen Property Consulting believes things will be definitely start to pick up in the next few years as Europe starts coming out of recession. Presently, there are some really good buys in the marketplace at present. Remember that people have to invest their money into something. Generally, real estate offers investors a fairly safe haven provided that the property is bought in a good location, etc. Unfortunately because prices are down there is always that temptation to buy something cheap and go for value over investment quality. See value doesn't build your wealth it is investment quality. Zen Property has recently launched its own property blog and provide buying tips, properties we've rated using our Zen Property rating System, general commentary and market updates for 2012. Our property blog is http://blog.zenproperty.com.au. Unfortunately there are more pessimists out there in the world than than optimists. As soon as the things get a bit challenging the pessimists all seem to come out of the woodwork. If you look at property historically over the last 100 or so years in Australia property values (especially the quality properties) have doubled every 7-10 years. Obviously at present prices seem to be flat, however, once interest rates start coming down and rental yields start going up that will entice investors (new or existing) investors to get back into property investing.

As a business involved in property advisory, Zen Property Consulting believes things will be definitely start to pick up in the next few years as Europe starts coming out of recession. Presently, there are some really good buys in the marketplace at present. Remember that people have to invest their money into something. Generally, real estate offers investors a fairly safe haven provided that the property is bought in a good location, etc. Unfortunately because prices are down there is always that temptation to buy something cheap and go for value over investment quality. See value doesn’t build your wealth it is
investment quality.

Zen Property has recently launched its own property blog and provide buying tips, properties we’ve rated using our Zen Property rating System, general commentary and market updates for 2012. Our property blog is http://blog.zenproperty.com.au.

]]> Comment on Why the Australian housing market will not crash by Zac Newbold http://www.highshots.com/2011/06/why-the-australian-housing-market-will-not-crash/#comment-1609 Zac Newbold Mon, 23 Jan 2012 10:50:41 +0000 http://www.highshots.com/?p=1247#comment-1609 Zen Property has just launched its own property blog which provides buying tips, properties we have rated using our Zen Property Rating System, general commentary and market updates for 2012. Please visit our property blog at http://blog.zenproperty.com.au. Zen Property has just launched its own property blog which provides buying tips, properties we have rated using our Zen Property Rating System, general commentary and market updates for 2012.

Please visit our property blog at http://blog.zenproperty.com.au.

]]> Comment on Harry Dent: Australian real estate will crash in 2012 by dean http://www.highshots.com/2011/09/harry-dent-australian-real-estate-will-crash-in-2012/#comment-1403 dean Thu, 05 Jan 2012 19:59:22 +0000 http://www.highshots.com/?p=1396#comment-1403 Just take a look at the very fragile nature of the US and European economies. It will only take a small hiccup in 2012 for the herd mentality to set in and we will be in trouble. Greece, Portugal and one or two others are sitting on a mountain of debt which has not been fixed and will likely never be fixed resulting in default. This will probably be the precursor to another crash. My guess is around mid year.There will be great opportunities for those cashed up. Just take a look at the very fragile nature of the US and European economies. It will only take a small hiccup in 2012 for the herd mentality to set in and we will be in trouble. Greece, Portugal and one or two others are sitting on a mountain of debt which has not been fixed and will likely never be fixed resulting in default. This will probably be the precursor to another crash. My guess is around mid year.There will be great opportunities for those cashed up.

]]> Comment on Australians struggling with mortgage stress by Go Gecko http://www.highshots.com/2011/10/australians-struggling-with-mortgage-stress/#comment-1372 Go Gecko Wed, 04 Jan 2012 07:26:21 +0000 http://www.highshots.com/?p=1439#comment-1372 Expanding to the out skirts of the city would allow <a href="http://www.realestateview.com.au/agents/go+gecko+albany+creek/" rel="nofollow">real estate</a> prices to be more affordable if property development investors would have the balls to expand else where. The government can't do everything since money can't be printed on its own and the never ending increase on value and prices through out time will just make it harder for renters to become home owners at our current situation. I have no facts regarding my comment but its just a thought out of the box. Expanding to the out skirts of the city would allow real estate prices to be more affordable if property development investors would have the balls to expand else where. The government can’t do everything since money can’t be printed on its own and the never ending increase on value and prices through out time will just make it harder for renters to become home owners at our current situation.

I have no facts regarding my comment but its just a thought out of the box.

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