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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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The house and land value trap - hidden cost of "value adding" increasing purchase prices

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By Leith van Onselen

Last month, I wrote an article in MacroInvestor entitled Beware the house and land value trap, which examined the pitfalls of buying new house and land packages on the fringes of Australia’s capital cities.

The article was particularly critical of measures adopted by Australia’s property developers aimed at reinvigorating new home sales by offering generous incentives to new buyers, such as giving away new cars, offering large cash-backs, free landscaping, or paying a buyer’s energy bills for three years when they buy a new house and land package (see below examples).

Read on .... http://www.macrobusiness.com.au/2012/11/the-house-and-land-value-trap/

 

Recommend checking this this one out ... the video ....

First home buyers turning grey

http://www.macrobusiness.com.au/2012/11/first-home-buyers-turning-grey/

 

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  • doyla66
    doyla66 Friday, 16 November 2012

    Be sure to check out the video of the Westpac ad.

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