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EconProf
ParticipantOur real estate bubble was based on foolish monetary and governmental policies and was destined to pop. Australia’s healthy growth rate is based more on their natural reources, decent government, and future prospects, not reckless fiscal and monetary policies. I really don’t know if Australian real estate is in a bubble, or merely reflecting their underlying economic strengths. Either way, she still would have been better off to keep her money at home.
EconProf
ParticipantOur real estate bubble was based on foolish monetary and governmental policies and was destined to pop. Australia’s healthy growth rate is based more on their natural reources, decent government, and future prospects, not reckless fiscal and monetary policies. I really don’t know if Australian real estate is in a bubble, or merely reflecting their underlying economic strengths. Either way, she still would have been better off to keep her money at home.
EconProf
ParticipantOur real estate bubble was based on foolish monetary and governmental policies and was destined to pop. Australia’s healthy growth rate is based more on their natural reources, decent government, and future prospects, not reckless fiscal and monetary policies. I really don’t know if Australian real estate is in a bubble, or merely reflecting their underlying economic strengths. Either way, she still would have been better off to keep her money at home.
EconProf
ParticipantThis Sidney newspaper article gave good advice that is pretty much universally true: don’t buy far from home, don’t trust the intermediaries pushing such investments who have a stake in your decision, and expect high expenses and lagging revenues because you can’t be there to manage it. Since Australian real estate has boomed due to their resource-rich economy and proximity to China, the investor cited would have reaped huge returns by investing at home.
EconProf
ParticipantThis Sidney newspaper article gave good advice that is pretty much universally true: don’t buy far from home, don’t trust the intermediaries pushing such investments who have a stake in your decision, and expect high expenses and lagging revenues because you can’t be there to manage it. Since Australian real estate has boomed due to their resource-rich economy and proximity to China, the investor cited would have reaped huge returns by investing at home.
EconProf
ParticipantThis Sidney newspaper article gave good advice that is pretty much universally true: don’t buy far from home, don’t trust the intermediaries pushing such investments who have a stake in your decision, and expect high expenses and lagging revenues because you can’t be there to manage it. Since Australian real estate has boomed due to their resource-rich economy and proximity to China, the investor cited would have reaped huge returns by investing at home.
EconProf
ParticipantThis Sidney newspaper article gave good advice that is pretty much universally true: don’t buy far from home, don’t trust the intermediaries pushing such investments who have a stake in your decision, and expect high expenses and lagging revenues because you can’t be there to manage it. Since Australian real estate has boomed due to their resource-rich economy and proximity to China, the investor cited would have reaped huge returns by investing at home.
EconProf
ParticipantThis Sidney newspaper article gave good advice that is pretty much universally true: don’t buy far from home, don’t trust the intermediaries pushing such investments who have a stake in your decision, and expect high expenses and lagging revenues because you can’t be there to manage it. Since Australian real estate has boomed due to their resource-rich economy and proximity to China, the investor cited would have reaped huge returns by investing at home.
EconProf
ParticipantYou must have nailed down that rate over a month ago, since they have really been ratcheting up since then. Congratulations. Timing is everything!
EconProf
ParticipantYou must have nailed down that rate over a month ago, since they have really been ratcheting up since then. Congratulations. Timing is everything!
EconProf
ParticipantYou must have nailed down that rate over a month ago, since they have really been ratcheting up since then. Congratulations. Timing is everything!
EconProf
ParticipantYou must have nailed down that rate over a month ago, since they have really been ratcheting up since then. Congratulations. Timing is everything!
EconProf
ParticipantYou must have nailed down that rate over a month ago, since they have really been ratcheting up since then. Congratulations. Timing is everything!
EconProf
ParticipantFive weeks ago the exact same thing happened to me. A distressed bank-owned property was listed (in Yuma, AZ) by a local Realtor. I offered full price through my friend, a different agent, and was even required to show proof of funds for an all-cash offer, which I did. Waited a week with no answer. Then suddenly the property was under contract. Could not get my calls returned from the selling broker, and failed to get good follow-up answers from my own agent. I suspect my offer was not even submitted to B of A.
Conclusion: Go directly to the selling agent to give them the full commission. It ain’t right, but it is what it is. -
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