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Wake up Goldbugs, Gold Skyrocketed overnight; Who would have thought...
Topic Started: 20 Jun 2014, 06:49 AM (21,993 Views)
miw
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szokolay
9 Aug 2014, 08:26 PM
A rather long winded opinion there but I will just choose this last piece to refute. The main difference between stocks and houses as investment vehicles is that houses are for the poor people and stocks are for the wealthy. Multi millionares don't go about buying houses, the yield is not as good generally and the headaches involved in managing and maintaining houses go against them.

The poor invest in residential property because they only need a small deposit to enter the game, and nowdays that is mostly covered by equity anyway. Once you put all the seminar hype and cherry picked figures aside being a landlord of a few suburban houses is not a path to riches. The simple fact that so many people have chosen this avenue to get wealthy pretty much condems it to be a loser for a generation. Every time the public rushes in and distorts a market it turns into a bubble and then crashes. Every time!

There is nothing special about houses as an investment, they are going down with everything else now aren't they.
In what way did you refute it? Are you advocating trading in real estate?
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
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stinkbug
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szokolay
9 Aug 2014, 08:26 PM

The poor invest in residential property because they only need a small deposit to enter the game, and nowdays that is mostly covered by equity anyway. Once you put all the seminar hype and cherry picked figures aside being a landlord of a few suburban houses is not a path to riches. The simple fact that so many people have chosen this avenue to get wealthy pretty much condems it to be a loser for a generation. Every time the public rushes in and distorts a market it turns into a bubble and then crashes. Every time!
Like stocks, property investment requires scale and a degree of skill, although I'd be the first to suggest it's easier to make money in property than stocks.
---------------------------------------------------------------

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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Jimbo
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szokolay
9 Aug 2014, 08:26 PM
A rather long winded opinion there but I will just choose this last piece to refute. The main difference between stocks and houses as investment vehicles is that houses are for the poor people and stocks are for the wealthy. Multi millionares don't go about buying houses, the yield is not as good generally and the headaches involved in managing and maintaining houses go against them.

The poor invest in residential property because they only need a small deposit to enter the game, and nowdays that is mostly covered by equity anyway. Once you put all the seminar hype and cherry picked figures aside being a landlord of a few suburban houses is not a path to riches. The simple fact that so many people have chosen this avenue to get wealthy pretty much condems it to be a loser for a generation. Every time the public rushes in and distorts a market it turns into a bubble and then crashes. Every time!

There is nothing special about houses as an investment, they are going down with everything else now aren't they.
It is a poker game.

Las Vegas is all about making you think you are going to be rich while making you poor.

Property investment is a poker game. You buy into the "going up forever" mantra and you get left holding the baby.

Property, stocks, gold, farmland and oil. If you didn't get in on the ground floor, then you are just a patsy waiting to be taken by the craps tables.
stinkbug
9 Aug 2014, 09:21 PM
Like stocks, property investment requires scale and a degree of skill, although I'd be the first to suggest it's easier to make money in property than stocks.
Buying stocks is like picking the winner at Flemington. If you know the owner, the trainer and the competition, you can shorten your odds of losing. If you back the favourite guaranteed winner every year, you will lose money.

Investing in property is no different. What wins this year can lose next year. The 100k capital gain you made last year can be next years bankruptcy.

I am not a property bear or bull by definition. I am a bear on Perth property and maybe bullish on Sydney property (due mainly to Chinese investment).

But, true market investors don't announce their position in advance. Why do so many on here state their position as bearish or bullish?

Taking a one track mind on any market is just plain fuckarsedislikeable personining stupid.
Edited by Jimbo, 9 Aug 2014, 11:02 PM.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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miw
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Jimbo
9 Aug 2014, 10:39 PM
I am not a property bear or bull by definition.
No. You are just a fucking idiot.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
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Frank Castle
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Business As Usual

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goldbug forum fuckwit

Hows the depot hill valuations going frank? Last time I checked on Oldprice they were still down 50% from the last flood. You really fu*ked up there didn't you

Fuck you are an idiot :re:
ACTUAL sales data of houses that sold 10 years ago and then sold again recently
CLEARLY showing you are not only a moronic imbecile but a liar as well.
Now fek off back under your rock

Posted Image
Edited by Frank Castle, 10 Aug 2014, 06:01 AM.
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goldbug
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Frank Castle
10 Aug 2014, 06:00 AM
Quote:
 


Hows the depot hill valuations going frank? Last time I checked on Oldprice they were still down 50% from the last flood. You really fu*ked up there ...

Arrrrrrr!!!!!!!
Impotent Rage !!!!!!!
Cherry Picked Data....
Get a bit close to the truth did I frank, made you hunt and scrabble back a decade for comparable prices did I? :lol :lol

Never mind. It will all be over soon.
Property investment Rule #1. Never buy in a flood zone... Never buy in a flood zone...
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Frank Castle
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Business As Usual

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goldbug forum fuckwit

Cherry Picked Data

It is you who does the cherry picking not I, using your example of "A" low set house that had extensive damage and was sold for land value and portraying that 1 sale as the value for the whole area..

If it was cherry picked data why would I have included the sales (in red) that had lost value?
The data was from on the house - you can put in the dates for the search and that was what came back, no cherry picking at all.
Quote:
 

Property investment Rule #1. Never buy in a flood zone... Never buy in a flood zone...

Proof positive that you are a fucking moron :re:
Some of the most expensive real estate in Brisbane including the financial district is in a flood zone

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Edited by Frank Castle, 10 Aug 2014, 06:47 AM.
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Jimbo
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miw
10 Aug 2014, 04:25 AM
No. You are just a fucking idiot.
See you next Tuesday.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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goldbug
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Oh frank, you idiot. That's not the brisbane financial district. Your thinking of rockhampton you old fool :lol

The brisbane financial district is queen street and above and none of it has gone under in the last 2 floods. But there is a big difference between buying million dollar property on the brisbane corso and buying the cheapest land by the river in rocky. But that said they are spending millions on the brisbane river now to jack those dumps up. Can you afford that? You cant even afford new furniture. You told us scab it from roadside cleanups. :lol :lol
You're a complete fraud frank
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Frank Castle
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goldbugthe forum fucktard

Oh frank, you idiot. That's not the brisbane financial district. Your thinking of rockhampton you old fool :lol

The brisbane financial district is queen street and above and none of it has gone under in the last 2 floods.


WOW....... you really are as dumb as dogshit :lol

Creek street is the financial district dummy

http://en.wikipedia.org/wiki/Creek_Street,_Brisbane#Financial_district

And heres a picture
Posted Image

I bet everyone points and laughs at you whenever they let you out.
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