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Bulls gone AWOL, a sign the game is up? They've seen the writing on the wall?
Topic Started: 7 May 2014, 11:25 AM (19,799 Views)
stinkbug
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MMM
8 May 2014, 12:41 AM
Only a fool can't see that economy is collapsing , the most amusing thing is our economy has never looked worse in and you still come out with this.
MMMoron...
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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hoofarted
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peter fraser
8 May 2014, 12:58 AM
I see no signs of a collapse.
Everywhere I look, I see businesses dying. There are those that would argue that they would have failed anyway but there are no signs of anyone taking their place. The .GOV is planning to take money right out of your and my pockets Debt Peddler Pete, that is how well the economy is doing. They need to TAKE the money from us. Mostly because of debt... but you don't see debt do you Peddler... only CREDIT! Under a different name, still the same shit! Private or Public... does not appear to matter these days.... but as you say, "I see no signs of a collapse."
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MMM
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peter fraser
8 May 2014, 12:58 AM
I see no signs of a collapse.
These morons below saw no sign of collapse either Peter, don't worry , your not the only one.

http://www.youtube.com/watch?v=sgRGBNekFIw&feature=youtube_gdata_player

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MMM
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stinkbug
8 May 2014, 07:46 AM
MMMoron...
Funny stuff from a guy holding around ten properties in canberra that are all dropping in both price and rent at record low interest rates. and while leveraged to the hilt, hows your Canberra market looking now stinky........

Enjoy falling rents and prices for another decade or more.



http://www.youtube.com/watch?v=bNmcf4Y3lGM&feature=youtube_gdata_player

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Mike
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apex
7 May 2014, 11:25 AM
I noticed the forums a lot better recently and couldnt figure out what changed until I realised most of the idiot bull spruikers are MIA or not posting much any more.

There's no sign of shadow for weeks, mike & stringberg not posting much, skamy AWOL.

Did they see the writing on the wall and run away before they have to face the music?

The budget and highest debt in history has got them spooked!

A pity, I hoped they'd stick around and take whats coming to them.

They left peter and frank holding the fort??? :bl:
I read them forums when I have time. Simply not much to post about, the housing market is well established in a bull market so I am pretty busy with various projects at present. A lot of the bear rubbish is simply not worth debating, pointless waste of time.

With interest rates looking at staying at present levels well into 2015 it will keep some heat in the markets for an extended time. I thought the RBA would raise rates late in 2014 but with the Federal Govt budget cuts and deficit tax it looks like the RBA will have to do the heavy lifting. If the Govt cuts heavily more rate cuts are possible in 2015/16 to stimulate growth.

We will just have to wait till budget time to see what course the Govt takes.
http://mike-globaleconomy.blogspot.com.au/
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MMM
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hoofarted
8 May 2014, 08:55 AM
Everywhere I look, I see businesses dying. There are those that would argue that they would have failed anyway but there are no signs of anyone taking their place. The .GOV is planning to take money right out of your and my pockets Debt Peddler Pete, that is how well the economy is doing. They need to TAKE the money from us. Mostly because of debt... but you don't see debt do you Peddler... only CREDIT! Under a different name, still the same shit! Private or Public... does not appear to matter these days.... but as you say, "I see no signs of a collapse."
The bloke simply cannot understand his ilk is the demise of the western world.

No point arguing with somebody who doesn't get it hoofa, and seems he never will, just like the dopes in the video I posted about before. Just look at how those morons in the video carried on , and then just how wrong they were, not a clue in the world
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stinkbug
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MMM
8 May 2014, 10:01 AM
Funny stuff from a guy holding around ten properties in canberra that are all dropping in both price and rent at record low interest rates. and while leveraged to the hilt, hows your Canberra market looking now stinky........

Enjoy falling rents and prices for another decade or more.



http://www.youtube.com/watch?v=bNmcf4Y3lGM&feature=youtube_gdata_player
I've already told you I don't watch bullshit youtube videos. They aren't data.

Would it suprise you to know that 2 out of my last 3 rent changes for Canberra properties (in the last 5 months) have resulted in rental increases? There's more going on in the Canberra market than you know, but of course you take the easy option of looking at aggregate data and assuming it applies equally across all properties in the market.

Like I said, MMMoron.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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MMM
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stinkbug
8 May 2014, 10:56 AM
I've already told you I don't watch bullshit youtube videos. They aren't data.

Would it suprise you to know that 2 out of my last 3 rent changes for Canberra properties (in the last 5 months) have resulted in rental increases? There's more going on in the Canberra market than you know, but of course you take the easy option of looking at aggregate data and assuming it applies equally across all properties in the market.

Like I said, MMMoron.
I know your most recent renewal was a decrease in rent.

You want data do you stinky , here's some data for you then .

Here's what we see in Canberra now.

http://news.domain.com.au/domain/real-estate-news/good-news-for-tenants-as-canberra-rents-fall-sharply-20140410-36fg3.html

And this from six months ago

http://mobile.abc.net.au/news/2013-10-10/canberra-rental-prices-down/5014020

And from April last year , which shows rents had been falling for the year prior to that.

http://www.macrobusiness.com.au/2013/04/canberra-unit-glut-hits-landlords/

Seems everybodies property down there is dropping but yours stinky.

Name calling wont change anything for you , but I can Imagine your frustration , so vent away if you must stinky. Why did you not ever think of diversifying stinky ?
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stinkbug
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MMM
8 May 2014, 11:24 AM
I know your most recent renewal was a decrease in rent.

You want data do you stinky , here's some data for you then .

Here's what we see in Canberra now.

http://news.domain.com.au/domain/real-estate-news/good-news-for-tenants-as-canberra-rents-fall-sharply-20140410-36fg3.html

And this from six months ago

http://mobile.abc.net.au/news/2013-10-10/canberra-rental-prices-down/5014020

And from April last year , which shows rents had been falling for the year prior to that.

http://www.macrobusiness.com.au/2013/04/canberra-unit-glut-hits-landlords/

Seems everybodies property down there is dropping but yours stinky.

Name calling wont change anything for you , but I can Imagine your frustration , so vent away if you must stinky. Why did you not ever think of diversifying stinky ?
None of what you have posted is data, and none of it is specific to the suburb, type or property or price points at which I own. It doesn't take into account the ability to upgrade through renovation, and it doesn't take into account management of relationship with tenants.

You accuse me of not diversifying, but how do you know I haven't? I own properties in various locations, of various types, of various price points. Yes, I am tied to government fortunes, but government changes constantly, this has all been included in my risk management.

I know you're desperate for me to fail, but once you have held through more than one cycle, have well-controlled portfolio LVR, have rents which (after tax) significantly exceed the cost of ownership, own in desirable locations (hint: shitty and outer suburbs fall hardest) and have a clear path to outright ownership of the entire portfolio, it's actually fairly hard to screw it up. Oh, and I also have enough cash reserve that I could hold the entire thing together, and not change my lifestyle, for 18 months if I lost my job.

Property does not go up linearly. Investors who know what they're doing know this, and know how to develop a detailed strategy to take advantage of it.

MMM, you need to look past the basic 'buy, hold, sell' mentality and develop some investment sophistication. I don't think you keep attacking my strategy because you're malicious, I think you just genuinely don't understand.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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MMM
Unregistered

stinkbug
8 May 2014, 12:09 PM
None of what you have posted is data, and none of it is specific to the suburb, type or property or price points at which I own. It doesn't take into account the ability to upgrade through renovation, and it doesn't take into account management of relationship with tenants.

You accuse me of not diversifying, but how do you know I haven't? I own properties in various locations, of various types, of various price points. Yes, I am tied to government fortunes, but government changes constantly, this has all been included in my risk management.

I know you're desperate for me to fail, but once you have held through more than one cycle, have well-controlled portfolio LVR, have rents which (after tax) significantly exceed the cost of ownership, own in desirable locations (hint: shitty and outer suburbs fall hardest) and have a clear path to outright ownership of the entire portfolio, it's actually fairly hard to screw it up. Oh, and I also have enough cash reserve that I could hold the entire thing together, and not change my lifestyle, for 18 months if I lost my job.

Property does not go up linearly. Investors who know what they're doing know this, and know how to develop a detailed strategy to take advantage of it.

MMM, you need to look past the basic 'buy, hold, sell' mentality and develop some investment sophistication. I don't think you keep attacking my strategy because you're malicious, I think you just genuinely don't understand.
Diversify, all your property is in canberra, weather its a house , unit or comercial , nothing is immune there, there are no magic safe pockets like you delude too, the whole market is dropping.

And you talk about rents increasing to improve your position, but rent are not increasing, they are not even flat, they are falling and falling fast . And with the state of the economy on the permanent decline, rents will just keep dropping there year after year. They have already been dropping for 18 months or more.

You can pretend otherwise stinky, no skin off my nose, but everybody else here can clearly see what is happening there, even the bulls.
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