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
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.
Oh Mining towns will always have the risk of volatility and it depends on some coordinated tactics in the timing which I've never been interested .
Bullshit. Mining towns have been solid for the previous 50 years. It's only since the massive boom and bust of the industry that we have seen these big price swings. You dumbarse bulls just parrot whatever cover story is placed in the West Australian to ease your fears
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Bullshit. Mining towns have been solid for the previous 50 years. It's only since the massive boom and bust of the industry that we have seen these big price swings. You dumbarse bulls just parrot whatever cover story is placed in the West Australian to ease your fears
So tell me... Where have you invested those biggy Bucks besides gold in what mining town? what year ? When did you buy and when did you sell ? Put your money in your gummy honey.Oh ouppa tea oh cuppa tea With a dash of Salt For that untruth
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.
So tell me... Where have you invested those biggy Bucks besides gold in what mining town? what year ? When did you buy and when did you sell ? Put your money in your gummy honey.Oh ouppa tea oh cuppa tea With a dash of Salt For that untruth
La la la la la.
You really need a reminder app for your phone to get you to keep a regular schedule for your medication.
You should also check with your GP if alcohol is contraindicated with anti-psychotics.
“Talk sense to a fool and he calls you foolish.” - Euripides
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 $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Never been involved in mining town stuff, there's volatility simple as that.
The Whole Truth
30 Aug 2015, 10:49 PM
Bullshit. Mining towns have been solid for the previous 50 years. It's only since the massive boom and bust of the industry that we have seen these big price swings. You dumbarse bulls just parrot whatever cover story is placed in the West Australian to ease your fears
How is that cuppa billy tea made with a dash of salt at the campfire?
Remember it's dooms day . Loki gen x professional tenant lease renewal expert... Keep paying that rent honey... No blue tack, no diy picture hooks, keep everything nice and clean every inspection please dont be a slob.
Don't leave any turds in the toilet, be a good little boy.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ 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.
The Whole Truth The forum fucktard 30 Aug 2015, 09:49 PM Bullshit. Mining towns have been solid for the previous 50 years.
What a fucking moron.
My wife was offered houses in MORONbah in the 80's for $10,000 to $20,000 after the last bust. They even had package deals running, 3 for $XX,XXX Catch was you probably wouldn't have been able to get a tenant for the next 20 years
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Bullshit. Mining towns have been solid for the previous 50 years. It's only since the massive boom and bust of the industry that we have seen these big price swings. You dumbarse bulls just parrot whatever cover story is placed in the West Australian to ease your fears
I used to go out with a girl who ended up marrying a mate of mine and they settled up in Karratha in the 80's.
They bought a typical fibro on a decent sized block, paid down the mortgage and in 2012 sold up and moved back to Perth as her mother was in poor health and in her words "the place was going to shit with all the blow ins".
A developer bought their place, knocked it down and subdivided. The developer did very well.
As for my ex girlfriend and her hubby, they brought back over 2 million bucks in pure equity. They spent 900k on a nice place in Bicton and invested the rest.
So property and circumstance can make you an absolute mint if you time it right. Their timing was more by luck than design though.
They made their money by getting out when everyone else was trying to get in.
But after all, in any market, that is how you make money.
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 just sold my house and moved into a rental. I had 100% equity in my property which is now in the bank The reason I sold and came out of the market is that I can see what is coming. Not by looking at charts and reading reports, just by looking around me at what is going on in Perth right now. Anyone living in Perth will know people who work in FIFO roles. They earn very good money and have high tax burdens. So many reduce their tax liabilities by purchasing investment property. Many are heavily leveraged and hold four or five properties. Fine if your houses are occupied and returning rent, fine if you are earning high pay and can absorb your losses. They generally buy up established homes, do a bit of reno work and then rent them out to would be FHO's who can't afford to buy. The investment buyers push up the prices at the lower end of the market, effectively pricing FHO's out of established property. The reasons I sold my property, were the changes in WA stamp duty favouring new build and the mining infrastructure slowdown. The stamp duty changes and the FHO grant for new build have created a building boom in more affordable properties. Smaller block sizes in fringe suburb new developments have created house and land packages well below the median. FHO's are building new and on completion, they are leaving behind an empty rental. These rentals are sitting empty for longer and rents have begun to fall. The mining infrastructure slowdown means that WA has ceased to be the magnet for interstate and international migrants that it was a few short years ago so there is less competition for rental property. It is pretty simple really. FHO's are building new rather than buying established property. Investors thinking of coming into the market now, face falling rents, increased job insecurity and increasing vacancy rates. REIWA projected slowing or stagnant growth rates over the coming six months will also make would be buyers hold out (no rush to buy in a quiet market). With so many leveraged investors in the Perth market, any slowdown or reversal in prices could force a rush to the exits. The coming six months will be very interesting.
Oh deary me!! 6 months on from this statement house prices increased $10,000.
And Dimshit spent over $15k in rent thinking prices would crash.
Oh Deary me!!
My only hope for my three boys is that they turn out nothing at all like Chris.
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