How About That Australian Real Estate Market?

Owns Australian Real Estate...

Besides Margot Robbie, Miranda Kerr, and the searing midday sun in the outback, the other HOT thing about Australia is real estate market. (now, there's four things that may not necessarily be found in the same sentence in your regular mainstream newspaper - even Aussie ones). A good stable capitalist economic environment, strong property rights and rule of law, and good beer foster a pleasant living environment.  Basic fundamentals for brick and mortar.  Add in strong population growth through immigration, low interest rates since 2008, strong government controls on releasing new land to development (think Nevada and the San Francisco Bay Area) and in some cities, regulations aimed at preventing higher density land use, and there you … [Read more...]

How To Add Thousands To Your Home’s Value For Only $100

"Cornelian Cherry" Edible Dogwood (Cornus Mas)

What exactly does a hundred bucks buy you in terms of increasing your home's value? Maybe a mid-range new faucet, or a new vanity light. A new coat of paint on the entry way (paint only, no labor), a slightly used door knocker, a brass street number sign, several fruit trees... Stop right there. Yes, that's right, not one, but several fruit trees, planted strategically on the property, growing and yielding fruit after a couple years. By the time you're ready to downsize and move out of the suburban ghetto back up to a midtown condo, the apple or peach or pecan trees are mature and a nice little tack-on feature to the property, something to stand out from the other characterless two-Bradfords in the front, Bermuda-in-the-back … [Read more...]

Getting Rich Through Homeownership – The End Of An American Dream

Ottis Cook Home, c.1890

The following is a guest post of sorts by Fred Carach, author of “Forty Years a Speculator“. This article is re-posted with permission from Fred’s blog. Much has been heard in the press lately about the end of the great American dream of homeownership, but what the press has missed is that what has really died in the crash is a perversion of the American dream... the perversion of getting rich exclusively through homeownership. That perversion really started in the 1970s and died in the great real estate crash that began in 2007. Prior to the 1970s home-ownership was regarded as a key asset in the accumulation of wealth but it was never considered the only asset. Real estate values rose too slowly to accomplish that mission. In … [Read more...]