Another blowhard wannabe financial advisor who can't listen to what he's been told and asked and confine himself to commenting within those stated constraints ...
Was there something about the OP's use of the word CASH that confused you Silverman? And thus compelled you to start yacking about the beauties of using credit/debt?
You do know that some of you dudes are just out 'n out noisy control freaks who are full of yourself and the presumed efficacy of your own ideas I assume?
Agreed, I flipped that fool onto ignore soon after he arrived. He railroads every discussion with his stupid bragging about over leveraged investment techniques, like the annoying kid in the school playground who always had a bigger and better story than everyone else.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Not sure what went on there, but in NSW the rough equivelant to the QLD "unconditional/conditional" thing is the "cooling of period", which is 5 business days have exchange of signed contracts of sale. However the cooling off period is routinely waived, meaning that the contract is unconditional immediately upon exchange. Many vendors even automatically include waiving of the cooling off perion in the ir issues contract - you have to take the waiver out if you want the colling off period. Also if you buy at auction, there is no cooling off period - contract goes unconditional immediately upon contract exchange with successful bidder.
Perhaps the issue was that many buyers, including those using borrowed funds, waive the cooling off period anyway, thus removing the relative advantage a "cash" buyer might have?
Nothing to do with cooling off periods (which can be waived). The systems are different. In Queensland offers are made by signing the contract of sale. If no finance or other conditions are included then the contract becomes unconditional (subject to possible cooling off period) immediately the seller signs. There is no period between offers and exchange of contracts. There is no exchange of contracts, only a signing of the contract. It avoids gazumping and is like the Scottish system. In the NSW system there is a period between offers being agreed and exchange of contracts (typically a month) during which neither party is bound - it is like the English system. Agents, solicitors and conveyancers in NSW work on the basis of an uncommitted period existing between agreed offers and exchange of contracts. Agents, solicitors and conveyancers in QLD do not.
... I can understand the level of sexual frustration you must have living and working with a lot of fat hairy men out in the middle of nowhere every week ...
Living with a lot of fat hairy men in the middle of nowhere never made me feel sexually frustrated as it happens? But hey, if that's how it works for you, then who am I to criticise what arouses your ardour? ...
silverman47
4 Aug 2014, 03:00 PM
As for 'Hard Work' in the mines, tells me you have no idea what the two words mean ...
For some it's a bludge. For others it's not.
PS: The last time I was a union member was about 1998 ... And never in any mine.
PPS: A lot of the hard work I did in my life was done outside/away from the mines - I'm fucking glad I've 'by 'n large' outgrown doing that shit these days.
But anyway, back to the OP ... Just why was it, given your incredible 'comprehension' skills, you felt obligated to state he/she should load up on debt rather than buy with CASH as he/she stated he/she is being "forced" to do?
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