Australian sub prime mortgage market.

no no , he bagged it . and he said daddy , not mummy .

 

WA is ok, S/Aust. is *going* backwards, population is leaving:

http://www.theaustralian.news.com.au/story/0,25197,22243386-5013404,00.html

Serves them right for having c/rap water

Ciao

M

 

Some more opinions on the current climate (not weather) in Australia would be cool. They (again) always compare us to say...New york or Japan etc, the thing is I reckon may as well compare us to Mars as its as relevant IMHO. As to property over time we know it goes up but what about right nowish??? Tone

 

Good article but I feel many forget that we all do not work for mining companies or flow on industries etc. In fact in WA history we keep making the same mistakes. Selling off our raw resorces in the boom times to now China for example and buying back value added product that is cheap to us. Who are the foolish? What of when it slows/ends and people go back east etc What happens to there vacant houses???? food for thought? What about the 90% of the population that dont work in resorces???

 

i have a wonderful memory, angelo.

 

see !

 

About 50% of my biz is sub-prime and all transactions have to be valued. In the last week I've had seven reports from all over NZ, not one was downed and two were at least 15% over. Interest rates according to todays paper may be on the way down. Can't see too many problems here but as I said before, sub-prime mortgages are sold 'timeshare' style here!

 

no , wonder when the rot will end , today was a ripper .

 

i'm amazed at maq bank at $66 . that is ridiculous . really feel like going in hard on a lot of different stock , way too cheap . wait till they report , these companies are making heaps , a quick 10 to 15 $ gain in a few short days to be had. the question is when .

 

yep...they're the brazillian dollar questions.

 

neither, actually

 

hmmmmmmmmmmmmmm very interesting

MBL hey

 

True, but not interested in $5mil [or whatever] at 65, rather it now when i can enjoy it.

Who wants and cares about being the richest man at the cemetery?

CIAO

M

 

maq could easily put on 10% tomorrow.

 

you been monitoring for long rog?

im thinking i wanna get on board if theres some solid growth to be had over the next 18mnth or so

 

got in big time oct 05 , stock went nuts till a correction in may 06 , then went hard again until last month . bought maq bank in oct 05 for $53 i think , haven't got the file on me at home , they hit $103 i think 2 months ago , way underpriced at the current $66 . they were $70 a week ago and put on $10 in 3 days , now back again . i was looking at getting in in oct 04 when maq bank was $30 !!!!! . oh well can't win them all . ring a stockbroker tomorrow , great time to get in IMHO , but we don't know where the bottom is