Real Estate (1 Viewer)

[Dingo2004]

how is the real estate industry at the moment?

thinking of doing
B Business (Property) at uws
or
B Property Economics at uts

but i heard ders gonna be no more jobs in around 5 years time

 

[Hoplite]

That's BS.

Anyway, if you have a good knowledge of property and markets than you don't need to work for anyone but yourself if you have the guts.

Read some of Robert Kiyosaki's stuff.

 

[jayz]

LOL, rich dad...firstly i guess u have to hav the initial capital to invest b4 anything else.

as wif the property market, i am quiet interested in it myself...as we all noe, properties can only appreciate in value in the long term (scarcity of land), but atm...interest rate is playn a major role...plus ppl r sayn the market is going through a down turn in the business cycle and no one really noes how low it's gonna get, in addition wif the 1st of july deadline for new "investor's tax", i reckon the prices for close to 50k houses will vary greatly...

but even if it does fall, it's still impossible for a poor man lyk meself to buy a property, in fact i don't fink many current youth (i.e. 18-26) will b able to afford the initial payment on the loan of an avg priced house wif out help from their parents...sigh

as to the unemployment thingo....tat's rubbish...as long as there is a property market (which will always b the case) job numbers will however vary, but never deminish

 

[toisthbe]

what you just said meant nothin to anyone. @jayz

definately b-property economics at uts. only if you're really really interested in it, not cause the money.
i have some friends doing it, they said they do assignments like taking pictures of houses lol.

 

[jayz]

...i was merely disscussing the market outlook for the property market, apologise if i misled anyone

as to rich dad, it's a novel written by rober kyosaki

 

[alman]

as to rich dad, it's a novel written by rober kyosaki

thats quite true...read john t reed's scathing criticism of robert kiyosaki (its very, very long!!!)

http://www.johntreed.com/Kiyosaki.html

 

[alman]

on the note of property, i think the house prices around newtown/erskineville have really gone through the roof...i think im going to have to wait till at least next year for a place to get

 

[jayz]

haha, i fink john t.reed is a BIT paranoid, lol

of course u can agree to everything rich dads says, and u hav to admit, a best seller novel doesn't always equate to best read novel

on the matter of property, not sure abt erskienville, but certainly every single apartment/(possilbly) house in inner west r over valued/priced/supplied, it's much better sticking to renting than digging ur way into negative gearing atm.

 

[Dash]

Real Estate is supposed 2 be good money...
I plan 2 learn about this myself in the near future...