Of course that's why I'm holding the asset which has been going up and in value and you are holding the asset which has been going down in value ... But hey, I'm the clueless one here
Perth property isn't going up in value? Other assets that I hold have increased. My net gains (including my on paper losses in Gold) total just over $20k in two months after my deductions for rent.
I could liquidate my assets in a few hours at the most if I needed to.
Can you do that?
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.
ZERO yield gold Cash earning 3's% (so going backwards) Investor my arse
Even worse than that is banking in the US were your greenbacks are devalued at 6.6% per annum while the bank pays you next to nothing for the privilege of borrowing your money.
The important point of CD's, treasuries and gold is they are highly liquid and therefore considered secure investments. Aiming at higher returns involves greater risk to liquidity.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
Perth property isn't going up in value? Other assets that I hold have increased. My net gains (including my on paper losses in Gold) total just over $20k in two months after my deductions for rent.
I could liquidate my assets in a few hours at the most if I needed to.
Can you do that?
I made it pretty clear I hold investment properties in Sydney and you made it pretty clear you hold gold - that's what I am comparing. And personally, I don't hold liquidity in as high regards as you do - I prefer my investments to make me money instead!
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
I made it pretty clear I hold investment properties in Sydney and you made it pretty clear you hold gold - that's what I am comparing. And personally, I don't hold liquidity in as high regards as you do - I prefer my investments to make me money instead!
My investments make me money. Property has made me a lot of money in the past but I have also experienced long periods of very low gains in property.
That is why I don't take a blinkered view on any asset class. I'll be back in property when the time is right, but that is not now.
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.
My investments make me money. Property has made me a lot of money in the past but I have also experienced long periods of very low gains in property.
It's cyclic like most things. If you got the smarts one can buy selectively. But timing is the thing for the average dummy, and I suspect the grand moment might be still 5 years away for general property.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
Better than your negative yields once your depot hill capital losses of ten years are factored in.
Investor....
Lets see.... Unencumbered property yielding 14%+ every week Still up over 120% on purchase price based on actual valuations and comparable sales and they all have future dev. potential.
Yeah that ZERO yield gold and going backwards cash in bank is obviously doing better....................if you are retarded.
I'd call you a liar frank but I know for once you're telling the truth. But I'll tell the rest of the story just in case no one else has. The 14% comes from the fact that your rentals are on a flood plain and have depreciated to almost nothing. What a cock-stroker you are.
I was talking to a truck driver last week with 4 fully paid off properties in good Brisbane suburbs, 3 are rentals. He was in his 60's and I said why don't you retire? Tried that he said, $1800 in yield every week but the tax is the killer. Two of those homes are worth over a million frank. Wait till you pay off your flooders and stop giving all the YIELD to the bank, then you will realise how fucked-up the arse Australian property investors really are. Your yield after tax insurance and a dozen other expenses will be worthless. Just like your mud encrusted homes DICKHEAD!
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
It's cyclic like most things. If you got the smarts one can buy selectively. But timing is the thing for the average dummy, and I suspect the grand moment might be still 5 years away for general property.
I think the moment has arrived for Perth. Over east, you still have supply constraints and strong overseas investment demand.
We have a few Chinese and Indians buying in Perth as well, but there is plenty of mid range stock for them to choose from and a lot of new prestige development going on very close to the city (Perth City has a very low residential population).
It is the burbs that are going to get hammered because people in the burbs buy with mortgages based on their earnings and earnings are going to take a bit of a nosedive. Plus we are building houses at one hell of a pace just as immigration is slowing down.
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.
I have made a killing on property over the years and I will do so again, but like any market, there is a time to be in and a time to be out.
The property investors here have been learning that painful lesson for 7 years now and it still hasn't sunk in. The trouble is they are trapped on the mountain. They can't sell without taking losses that would put them back to square one so they grit their teeth and hang on.
In 7 years hardly any of them have seen any capital gains and all the yield they brag endlessly about has been swallowed up on the expenses and interest repayments. They come to forums like this to sit in little circles and jerk off about supposed booms in construction and mytical gains on paper. Networth, Ha! Net worth is one of the biggest cons ever fed to them. The truth is they cannot sell (for a profit) without incurring capital gains taxes, but do they factor this into their networth calculations? Nooooo! That would make it all turn to shit on paper for most of them. And let's be honest, their wealth is just that, on paper, and the way the economy is heading it will never go any further.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
You were boasting how liquid your gold was remember? That gold is not making you very much money right now.
You are being a pillock. Gold is very liquid. I can walk into the Perth mint right now and the money will be in my bank the same day.
I don't have to advertise it, show people around etc.
It has dropped $14 US an ounce since I bought it but Gold does that kind of thing. A week after I bought it, it was up $20 an ounce but I wasn't on here bragging about how much I had made.
Physical Gold is a long term holding. You buy it to hold for ten years with spare currency that you don't really need when you don't want to risk all of your capital in the financial system. I held my last lot for nearly 13 years. I didn't have to maintain it, insure it or piss about with accountants and tax returns.
You don't borrow up to your eyeballs to buy Gold and then spend the next few years sweating over every article in the papers in case your asset falls in value and wipes you out.
I will exchange it back into fiat when I feel it has nowhere upwards left to go or if I am in a position when I have no choice (financial emergency). As Gold makes up less than 10% of my easily liquidated assets, I can't see that ever happening.
Meanwhile, other things I hold (the majority) work almost counter to Gold so a drop in the Gold price usually signifies an increase in my other holdings. My net gains (after paying rent) of over 20k in two months supports that.
It is called hedging but as you are all in on property, you wouldn't understand that concept.
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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