Jimbo wrote: Any Australian who sold a year ago and bought USD denominated assets (bonds, Dow, S&P) will now be able to buy much more of a house than the one they sold.



hoofarted wrote: Is that not true for equity increase? If it goes up by $200K, do you really have that money?







hoofarted wrote:

I rent my house from you, you rent your money from the bank. What's the diff? You pay more than I do. Did you ever consider that some rent AND own property? Nope... too fekn stupid.

And here I was thinking this was an Australian property Forum.Of what use is an alternate or international investment if your specialty is in property.I probably have 70% property, 25% business, 4.9% "fun investments" cars, watches etc and .01% sharesAbsolutely not true, the ASX shows you your investment value every minute of every day, and gearing in ASX is subject to callbacks if the value falls below your requisite Loan Value Ratio.Then how did the rich become rich if they didn't buy property.Please explain why there are over 1,000,000 millionaires in Australia when the average wage is $70k per annum.They rent AND own property. That's no problem 3 of my children do that. They share rent with mates and use others to pay off there houses.If youre really smart you can buy a house in most states, live in it for 6 months and get massive savings as each is considered a First home because you don't own a home in that state.If youre not married you can then buy one home for you, live in it 6 months, one home for your partner, both live in it for 6 months s co habitants NOT Partners and end up with 2 homes in each state.