Frank frank frank, you silly old cockstroker, what on earth are you dribbling about? My gold is up about 50% since the gfc and your flooders have lost value, plus your yield goes on maintenance and bank repayments, with whatever is left over having the guts taxed out of it.
You are so far down the ladder from where I sit on my fully paid for acreage and my gold and superannuation investments you are not even a player. You're just a tax cow for all the welfare recipients that live in your mud encrusted dogboxes. You collect the rent, pay all your overheads, and the government takes half of what's left and gives it back to your tenants! And if want new furniture you have to scour the roadside cleanups
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
You'll go blind frank. We all know your up to your eyeballs in debt (cockhead) so save your lies for your pub mates. Frank the Oracle of rockhampton, what a classic you are.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
You'll go blind frank. We all know your up to your eyeballs in debt
Is that right? Strange that back here where I said...
Quote:
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.
You really should keep taking your medication old man It may help with your senility issues and keeping your story straight.
and on that note, back to where you belong
CLICK >>
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
The only thing I assumed you spoke truthfully frank was the percentage yield, 15%, and it's only that high because your property has devalued so much. Do you think we don't know what happens to property valuations after a suburb is flooded frank?
You would have to be the most pathetic example of a property speculator I have ever seen. A person buying a ppor in a flood zone is an idiot, but they can be forgiven because it was not a business transaction. But you bought in hoping to make a fat profit! Didn't it occur to you to check the flood maps for depot hill
Shit! Here comes frank. Cockhead Alert Cockhead Alert
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
You cannot compare it with residential property anyway, it has no council rates applied to it, no maintenance fees, no yearly taxes or any of the other downsides that property exhibits. It value wont even be effected in a flood or other event which can destroy a homes value.
Don't forget though that your gold can be *stolen* - completely. Then it's gonski. You can also be ripped off buying physical via puire fraud. No asset class is withiout risk.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Don't forget though that your gold can be *stolen* - completely. Then it's gonski. You can also be ripped off buying physical via puire fraud. No asset class is withiout risk.
That has plummeted from its highs and has ZERO yield
Can afford millions of dollars in property but cant afford gold @ $1200/oz? Logic FAIL right there monkey boy
Has unencumbered properties paying 14% in COLD HARD CASH every week Vs you with some shiny baubles paying ZERO
When you don't owe the man and your investment pays cash every week you are more of "the man" than the clown with ZERO yield metal will ever be.
Now go back to polishing your knob metal Gold is ZERO yield metal that is good for nothing but a paperweight unless sold to the greater fool
Actual cash from rent monies is money - Money that I can actually buy stuff with.
But you don't own unencumbered property .
Let's look at all the facts.
Over all your years here, you have only ever told us that you hve purchased property at depot hill. You gloated how it allows you to buy more using little deposit and paying interest only and getting a decent return to outlay. You purchase the cheapest properties you could find here , the bottom of the bottom to maximise your return. Properties that go under water regularly, and many times over the last five or so years.
As a result , insurance companies are no longer offering insurance on these properties, those that do charge anuthing from 4-8k to insure a home as a reult. That does notnworry frank as he has no insurance on any of his properties, another this he has mentioned numerous times. But this has pushed the prices down. He has told us he has owned here for about ten years or so, in this time property there has gone down 25%.
You go around calling people liars, but now all of a sudden start to claim younown property elsewhere now its clear reguardingnyour depot hill disasters. And now all of a sudden you claim to have unemcumbered property when previuosly raving about paying interest only to leverage into the next piece of shit you can find.
The GFC was 6 years ago and was $1000/oz when the GFC hit, so that's only a 30% rise. It means you've made a shitty 5% annual gain in capital value with a real return of just 2%
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