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Wake up Goldbugs, Gold Skyrocketed overnight; Who would have thought...
Topic Started: 20 Jun 2014, 06:49 AM (21,984 Views)
Mike
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Trojan
8 Sep 2014, 05:59 PM
How is that different from shares? If you sell, you no longer own the shares so there is no net capital gain?

You are seriously confused (or trying to misdirect people) by introducing a replacement house.
Compare a person who bought a PPOR and rode the property boom versus a person who rented during that time.
Both will need to pay more for a house after the boom but the one who bought a PPOR before the boom definitely gained a big head start.



Rubbish. That e-penis waving screenshot of your bank account you were so proud of a few days ago ... that figure is bigger because your house went up in value. If your house had gone down in value, that e-penis would have been smaller.

Red herring. No one places 20k in your bank account when its an investment property either yet somehow that has gains but your own PPOR doesn't.
All you are describing is realising those gains/losses before the money appears in your bank account (so you can put a screenshot of it on an anonymous forum)
Yes he does like to tell tall tales.

I have also found him out on a number of issues and know him to be full of crap. Glad you have also shown this to be true.

My favorite, made an offer on a house for $895,000 that was on the market for $1,200,000, only problem this house was never on the market for the listed price he claims. Then he went on to claim he mad another offer in 2011 when it was listed for $800,000. Only issue is it was listed for $595,000 in 2011 never listed for the price he claims. I can understand one mistake, but not two. Blantant lies.

He offered weeks ago to post a copy of the offer, still waiting.

Edited by Mike, 8 Sep 2014, 06:44 PM.
http://mike-globaleconomy.blogspot.com.au/
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Veritas
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Mike
8 Sep 2014, 06:39 PM
Yes he does like to tell tall tales.

I have also found him out on a number of issues and know him to be full of crap. Glad you have also shown this to be true.

My favorite, made an offer on a house for $895,000 that was on the market for $1,200,000, only problem this house was never on the market for the listed price he claims. Then he went on to claim he mad another offer in 2011 when it was listed for $800,000. Only issue is it was listed for $595,000 in 2011 never listed for the price he claims. I can understand one mistake, but not two. Blantant lies.

He offered weeks ago to post a copy of the offer, still waiting.
Lads, FARK!

Don't start arguing about that again.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Jimbo
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Mike
8 Sep 2014, 06:39 PM
I have also found him out on a number of issues and know him to be full of crap. Glad you have also shown this to be true.
Mike.

Trojan and yourself seem to have similar strange ideas on how the world works. Keep on thinking what you think because it makes life so much easier for the rest of us when there are dumb shits like you to compete against.

Meanwhile, how's that Iron Ore price prediction doing?


Veritas
8 Sep 2014, 06:47 PM
Don't start arguing about that again.
+1

I won't take part in this one again. I've got a brick wall in the back garden that I can smash my head against instead.
Edited by Jimbo, 8 Sep 2014, 06:51 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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Mike
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Veritas
8 Sep 2014, 06:47 PM
Lads, FARK!

Don't start arguing about that again.
just sayin :to:
http://mike-globaleconomy.blogspot.com.au/
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Trojan
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Jimbo
8 Sep 2014, 06:29 PM
I don't need shares to live in or eat or wear. If I buy a share for $10 and sell it for $15 I have directly converted $10 of spare currency into $15.

If I buy an investment property and it goes up by $100k, it is the same. I don't need it to live in. I have just used it to generate extra currency.

With a PPOR, you need it to live in. You can swap it for a rental, but then your rent money will eventually eat away at your ability to buy back in. If you invest elsewhere (stocks etc), you are speculating that your gains will exceed the rate at which house prices appreciate.
You also don't need to own a house either - you proved it by selling your home for a profit and now renting.
And since the price went up, you are still financially better off than if you never bought your PPOR to start with. Your bank account balance went up. You gained from that transaction.
Jimbo
8 Sep 2014, 06:49 PM
Trojan and yourself seem to have similar strange ideas on how the world works. Keep on thinking what you think because it makes life so much easier for the rest of us when there are dumb shits like you to compete against.
You aren't dumb. You just like to keep arguing the ridiculous so you don't have to admit mistakes in your earlier posts.
Edited by Trojan, 8 Sep 2014, 07:18 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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Jimbo
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Trojan
8 Sep 2014, 07:11 PM
You also don't need to own a house either - you proved it by selling your home for a profit and now renting.
And since the price went up, you are still financially better off than if you never bought your PPOR to start with. Your bank account balance went up. You gained from that transaction.
If I bought back my first ever house today, the left over money would be comprised only of what I have made over and above the market by value adding, trading into different areas etc.

This is because the first house I ever bought has also gone up in value. I know it sounds complicated, but it isn't really.

You really need to take a lesson in basic maths mate. Ask Mike. He's pretty good at maths.
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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Trojan
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Jimbo
8 Sep 2014, 07:19 PM
If ....
And that is where your argument falls to pieces.
It's like saying the operation to fix my broken leg was not successful if I go out and break my leg again tomorrow.
The fact it, the operation was successful. What you choose to do afterwards doesn't affect the fact.
Edited by Trojan, 8 Sep 2014, 07:27 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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Jimbo
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Trojan
8 Sep 2014, 07:19 PM
And that is where your argument falls to pieces.
You believe what you want to believe.

Don't buy any Gold, spend your house. The more people there are like you around, the easier it is for people like me.
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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Mike
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Trojan
8 Sep 2014, 07:11 PM
You aren't dumb. You just like to keep arguing the ridiculous so you don't have to admit mistakes in your earlier posts.
You noticed that as well.

Each time he faced a question he could not answer or was caught out on a tall tale, topic changes. Imediately attacks you personaly, normally a tell tale sign you got them.
Jimbo
8 Sep 2014, 07:26 PM
You believe what you want to believe.

Don't buy any Gold, spend your house. The more people there are like you around, the easier it is for people like me.
You are a strange one, I hope we dont have more people like you the world could not cope.
Edited by Mike, 8 Sep 2014, 07:32 PM.
http://mike-globaleconomy.blogspot.com.au/
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Jimbo
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I saw the dollar question before you deleted it.

As for the selling the PPOR for a $1.00, if the market price was a dollar, even if I had paid a million for it, I wouldn't lose a cent if I then changed that $1.00 into another house.

Currency is just a means of exchange. It isn't a real thing. It isn't even much use as toilet paper. The only things that are worth anything are the things we buy with currency. A house is still a house whether it costs 50 cents or 50 million.

If all houses cost 50 cents and you were only allowed one each, then we would all be a lot better off.
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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