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Beware Mining Town Bulls - Perth and Darwin Housing Bubbles Ready To Burst!; Entire generation of speculators needs to be wiped out and made an example of
Topic Started: 30 Jul 2014, 04:19 PM (14,989 Views)
skamy
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Veritas
2 Aug 2014, 01:58 AM
Who best on falls?

To be a property speculator in any meaningful sense of the word you have to own an investment property.

Seeing as rental yields are so shit, the nations army of property investors are all betting on increases.

Watch them rush for the doors in Perth.

And what does it matter if he reads Macrobusiness? I read the bible once. Does this mean I believe the world was created in seven days by a celestial being? :re:
Veritas

Investors buy property for the long run. No-one expects to make money or even break even for a few years. However when the first few years are done it is plain sailing and most people can ride out a slow rental market. It is just fantasy if you think investors are all stupid and the slightest ill wind will send them selling up in a fire-sale.





Macrobusiness sell fear and greed based on the suffering on others. I wanted to know if they had influenced this poster, if they have they should hang their heads in shame.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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newjez
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skamy
2 Aug 2014, 04:03 AM
Veritas

Investors buy property for the long run. No-one expects to make money or even break even for a few years. However when the first few years are done it is plain sailing and most people can ride out a slow rental market. It is just fantasy if you think investors are all stupid and the slightest ill wind will send them selling up in a fire-sale.





Macrobusiness sell fear and greed based on the suffering on others. I wanted to know if they had influenced this poster, if they have they should hang their heads in shame.
Investors consider the best return they can get from their money against the risk. Period.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Foxy
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Zero is coming...

Veritas
2 Aug 2014, 01:58 AM
Who best on falls?

To be a property speculator in any meaningful sense of the word you have to own an investment property.

Seeing as rental yields are so shit, the nations army of property investors are all betting on increases.

Watch them rush for the doors in Perth.

And what does it matter if he reads Macrobusiness? I read the bible once. Does this mean I believe the world was created in seven days by a celestial being? :re:
On one of our investment properties we are getting 118%p.a. return on the initial purchase price.
So how are the yields so bad??
Peter
Edited by Foxy, 2 Aug 2014, 11:16 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Blondie girl
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herbie
1 Aug 2014, 04:19 PM
In theory at least, the highly leveraged take on significant risk - And seem rather happy to contend that they should be rewarded for doing so.

Though if/when things go leg up, as they can be expected to sometimes in risky situations, then I'd contend that they've not got too much to cry about if/when they get gutted ...

Hmmm - Recall talking to my accountant when the GFC blew:- I was seeing the ASX crashing 50% and the AUD getting smashed as well; And doing a few back of envelope calcs I reckoned some who weren't even leveraged at all were down 70% - In USD terms anyway. I was frankly appalled and commented on it to the dude; But also commented that he and I both seemed to be doing OK regardless - To which he replied: "Yeah; But we weren't greedy."
My Father gave me the following advice ..which is so simple but true.

"be careful with your $ & dont trust the banks' you use them & they use you." my Father hated to have debt, he worked hard to sever bank ties ASAP.

I may be Rich bi$ch but my parents didn't start off rich.

You do need debt to make the initial $...

We all need to take risks at some stage, it's whether it was right or wrong you eventually learn later.

To me greed can be a mix of god & bad, it's when you don't know how to stop, one needs hunger & aspirations to do well . It's like that experience when you get sucked in at the Casino & you want to keep trying again for a positive outcome.

It's great when you get that adrenaline rush when you've made $ but there needs to be realism.

I don't think anyone on this forum has ever stated that any investing is easy....if they did.
Well
They are lying.
Mustapha Mond
1 Aug 2014, 05:23 PM
Hey Blondie my wife and i played croquet in Central Park New York.
Loved it.
Have fun, you deserve a break.
Peter
What are you talking about?
You really crack me up sometimes :)

I posted that one of the shires that I've got pay my rates has a potential prize of the trip to the Big Apple.

Haven't won anything yet.

Do do croquet.....


skamy
2 Aug 2014, 04:03 AM
Veritas

Investors buy property for the long run. No-one expects to make money or even break even for a few years. However when the first few years are done it is plain sailing and most people can ride out a slow rental market. It is just fantasy if you think investors are all stupid and the slightest ill wind will send them selling up in a fire-sale.





Macrobusiness sell fear and greed based on the suffering on others. I wanted to know if they had influenced this poster, if they have they should hang their heads in shame.
Skamy
I have met dummies who have worked in R/e, the stuff that they say do make me wonder if they really know what they are doing..

Then you know some who have absolute creativity in their bizness & experience in building beautifully designed homes that take my breath away..just ways of utilizing space but not compromising on quality.

Such flawless designs.

I pick ones brains of one particular luxury builder..he's a cousin of my hubs niece.

He's very patient with me...
:to:

Lot of people forget what long term means...
Edited by Blondie girl, 2 Aug 2014, 01:55 PM.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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newjez
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Mustapha Mond
2 Aug 2014, 11:12 AM
On one of our investment properties we are getting 118%p.a. return on the initial purchase price.
So how are the yields so bad??
Peter
Care to elaborate Peter? That sounds high even for a holiday let. We are counting for off season as well and including all costs and depreciation?
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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skamy
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newjez
2 Aug 2014, 03:03 PM
Care to elaborate Peter? That sounds high even for a holiday let. We are counting for off season as well and including all costs and depreciation?
What he is saying is that he bought the place a long time ago so relative to the initial cost the yield is good.

Even with my daughters house in this poor market she is almost positively geared just over a year out of purchasing. Her yield is not that great based on the current home value, but based on what she paid for it the yield is fine.

The question then becomes what other investment could be as safe and profitable?
Blondie girl
2 Aug 2014, 01:35 PM


Skamy
I have met dummies who have worked in R/e, the stuff that they say do make me wonder if they really know what they are doing..

Then you know some who have absolute creativity in their bizness & experience in building beautifully designed homes that take my breath away..just ways of utilizing space but not compromising on quality.

Such flawless designs.

I pick ones brains of one particular luxury builder..he's a cousin of my hubs niece.

He's very patient with me...
:to:

Lot of people forget what long term means...
Your Dad sounds like a smart man.

Are you building something nice at the moment with this luxury builder ?

I have just finished my little development, it is certainly not the easiest way to make a buck so many stressful moments- I am glad it is all done. It has been a good project but I wont be rushing into another for a while :)
Edited by skamy, 2 Aug 2014, 03:17 PM.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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newjez
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skamy
2 Aug 2014, 03:10 PM
What he is saying is that he bought the place a long time ago so relative to the initial cost the yield is good.

Even with my daughters house in this poor market she is almost positively geared just over a year out of purchasing. Her yield is not that great based on the current home value, but based on what she paid for it the yield is fine.

The question then becomes what other investment could be as safe and profitable?

Your Dad sounds like a smart man.

Are you building something nice at the moment with this luxury builder ?

I have just finished my little development, it is certainly not the easiest way to make a buck so many stressful moments- I am glad it is all done. It has been a good project but I wont be rushing into another for a while :)
And are we calculating yield to historical purchase price now?
Edited by newjez, 2 Aug 2014, 03:30 PM.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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skamy
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newjez
2 Aug 2014, 03:27 PM
And are we calculating yield to historical purchase price now?
I thought that was what he said
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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herbie
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Blondie girl
2 Aug 2014, 01:35 PM
You do need debt to make the initial $...
I'd personally rather work in with family than take on debt from a bank. (And suspect you would also - By 'n large?)

But anyway, each to their own; 'N the devil take the hindmost ... :)
Edited by herbie, 3 Aug 2014, 02:21 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Foxy
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Zero is coming...

newjez
2 Aug 2014, 03:03 PM
Care to elaborate Peter? That sounds high even for a holiday let. We are counting for off season as well and including all costs and depreciation?
property bought 30 years ago,
now pays 118% of initial price paid.
just shows how the money devalues.
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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