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Chronic Oversupply: Landlords hit by apartment glut and falling rental yields; Without rental growth or capital growth, the prospects for many investors are bleak
Topic Started: 21 Aug 2014, 10:18 PM (10,346 Views)
Bardon
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Jimbo
24 Aug 2014, 03:41 PM
I was on a working visa in London at the time and I came back to WA just as the Falklands shit was kicking off.

However, I spent 2000 to 2007 in a Devon village and worked in construction project management. It is the hardest place on earth to get planning permission to even fart let alone build anything.


Yes I thought so, the miners strike didn't make it down to old London town.
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Jimbo
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Bardon
24 Aug 2014, 03:45 PM
Yes I thought so, the miners strike didn't make it down to old London town.
No it didn't. And that is why it didn't get the sympathy vote of the most densely populated area of the UK. I arrived in London in February 1979 during the peak of the public services strike. The stench was incredible as two months of uncollected rubbish buried the streets two feet deep. Rats all over the place.

Why do you think Maggie won the election by a landslide in 1979?

The British public had got totally pissed off with the union movement after a decade of strikes over petty demands and Maggie played to that.

Don't get me wrong, I am not anti union and I am not right wing. Thatcher did more damage to the UK than Adolf Hitler ever did.

But one legacy that Thatcher did create was a resurgence in nationalism and localism and that is what the frackers will be faced with.

Fracking is only marginally viable anyway so it wouldn't take too many high court injunctions and environmental commission knock backs to make a project a total no goer.




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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Bardon
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Jimbo
24 Aug 2014, 03:59 PM
No it didn't. And that is why it didn't get the sympathy vote of the most densely populated area of the UK.
And for the very same reasons the northern shale basins will also not get the sympathy vote on shale gas either.

It is encouraging to read that you haven't been taken in by the Thatcherite apologists historical revisionism.

Edited by Bardon, 24 Aug 2014, 04:44 PM.
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OK boys and girls.

Let's look at the facts from the ground level.

http://somersoft.com/forums/showthread.php?t=100798

With no end in sight, whatsoever.
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Bardon
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Thankfully my rents haven't dropped in price. Mind you a tenant of mine is leaving my Melbourne property and I think I have been charging her over and above the market rent rate for the last three years! I have told my property manager that I am open to what the rental market says my joint is worth when selecting the next tenant.
Edited by Bardon, 24 Aug 2014, 07:03 PM.
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goldbug
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24 Aug 2014, 05:21 PM
OK boys and girls.

Let's look at the facts from the ground level.

http://somersoft.com/forums/showthread.php?t=100798

With no end in sight, whatsoever.
:lol what a thread killer you are. Every bull ran for cover when you posted this.

Here is my favorite quote
" My tenant has made a unilateral decision to lower his rent by $150 pw. Comments on this thread confirm that he knows something I don't; eg rents have softened. "

So the landlords are last to know in many cases it seems. Dear O dear O dear. How did this ever happen. Shadow, and bullish take on this morsel?
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Foxy
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Zero is coming...

It say it all really.

Foxbat thank you very much for your advise. You got me out at the top of this market and into the bottom of another, thanks mate, see you at the sauna.

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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Massive
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goldbug
28 Sep 2014, 10:16 AM
:lol what a thread killer you are. Every bull ran for cover when you posted this.

Here is my favorite quote
" My tenant has made a unilateral decision to lower his rent by $150 pw. Comments on this thread confirm that he knows something I don't; eg rents have softened. "

So the landlords are last to know in many cases it seems. Dear O dear O dear. How did this ever happen. Shadow, and bullish take on this morsel?
I guess u missed this one
  #49   02-08-2014, 11:04 PMsanj Member Join Date: Jul 2010Location: perthPosts: 2,352Quote:Originally Posted by redwing $150 per week is huge

"My current landlord copped a $480/wk drop when I moved in, this is in Perth. Painful to even think about"
Edited by Massive, 28 Sep 2014, 01:50 PM.
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zaph
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Massive
28 Sep 2014, 01:49 PM
I guess u missed this one
  #49   02-08-2014, 11:04 PMsanj Member Join Date: Jul 2010Location: perthPosts: 2,352Quote:Originally Posted by redwing $150 per week is huge

"My current landlord copped a $480/wk drop when I moved in, this is in Perth. Painful to even think about"
Light weight. I've had a LL drop the rent by $700pw and the rent was only 500pw to start with.
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