nyonyamansor09

We aren't even there yet and life is beginning to imitate art. With news again rumbling out of the RBA about potential rising interest rates and credit card debt back scaling the mountain of stupidity, a dude in the Hobart suburb of Moonah has gone all Nancy Botwin, moonlighting as a pot barren to ease his financial distress. Why? Well for this guy, the brown stuff from the bowels hit the air displacement mechanism when the fixed rate mortgage on a rental property switched from fixed to variable. It was then, the mild mannered father of three, junior soccer coach and scout volunteer, saw a grow-op as his best chance to get things back on track. As you'd understand, for any average guy who was earning over $100k a year - well it's hard out there for a pimp - when he trying to get money in as rent - SUV and petrol money spent - and bitches like me talking shit. That's right, brother was earning over $100k a year and still struggled with the payments before he turned hydr...

In the port side city of Burnie, someone's had a gut-full of being a landlord. Two and a half months ago these two units were listed for sale at $315,000 and potential buyers were being lured with the promise of a  property that represents income plus growth . While the income remains, that growth has quickly become the stuff of Santa Claus, the tooth fairy and a reformed Brendon Fevola. Like sands through the hourglass, so are the discounts on this property. $315,000, quickly became $299,000, quickly became $290,000. And with that, evaporated the chance this vendor was going to experience any growth. Previous purchase price? $282,500, back in early 2008. Factor in the $10,000 or more in closing costs and the agent fees this time around and I'm not sure all those tax deductible, negative gearing losses are quite working out on this one. Just remember, this is water off a duck's back. And you'll be reminded of such, next time you see a property story on news.com.au - aft...