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The end of the landlord as we know it; Low interest rates end the landlord model
Topic Started: 14 Sep 2014, 01:00 PM (4,439 Views)
Foxy
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Zero is coming...

I put forward this point directly from Foxbat.

Banks have replaced the private landlord as of now.

Concept.

Any person with a stable position can at a very reasonable cost, lets say $400 per week find a property to buy and get the loan for it from one of the big 4 banks.

This completely undermines the rental / landlord model.

There is simply no margin left for the private landlord. (what can he offer) ?? Shitbox for shithead?? But shithead has no money, if he did the bank would lend him the money to buy his own place.

Foxbat mentioned this this morning and he told me that is why he told me to sell out 16 months ago.

i am only now starting to understand what the hell that crazy man was on about.

Thanks Foxbat.

Crosspost following.


Get it straight,
Mining boom is over dickheads.
Low interest rates are making interest servicing costs almost free.
Buy a $400,000 unit and pay $20,000 p.a. in interest. $400 per week.
The bank has become the landlord.
They get the rent with no costs. 0 costs, you pay to play. Every time.
If the tenant destroys the property it hurts the tenant not the bank.
The indépendant landlord is only going to get the real shit to rent from him.
So landlords here is a tip for free, you are going to have to handle the tenants no one wants.
The tenants that can get up in the morning, wash themselves get on the bus to work and carry out their duties at work will "buy" their own place.
Then pay "interest" (rent) to the bank for the next 35 years.
So "private" landlords are going to need thick pvc gloves to handle the shit.
Good luck.
Your future has been cast.
So on your knees bitches.

http://www.collarspace.com/details.asp?px=KinkMaster6&bhcp=1

Foxbat.
Edited by Foxy, 14 Sep 2014, 01:02 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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lextsy
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Im 29 and I make 65k a year. I dont have any savings but I do have the iphone 6 on preorder. How can I take advantage of this? Oh I cant because the bank wont give me money. Lucky I have a landlord who I can pay week to week :)
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Foxy
Member Avatar
Zero is coming...

lextsy
14 Sep 2014, 02:01 PM
Im 29 and I make 65k a year. I dont have any savings but I do have the iphone 6 on preorder. How can I take advantage of this? Oh I cant because the bank wont give me money. Lucky I have a landlord who I can pay week to week :)
The bank will take the premium tenants.
The shit will be left for the private landlords.
Get with the program.
Peter
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Guest
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Yes, the banks have worked it so they can milk every last possible cent out to of investors, allowing them just to keep things afloat( for now). Encouring them to take on as much debt as they can possibly handle and then encouring them to pay off as little as possible, preferably nothing but interest. That way they can keep you in their pockets for another decade or so longer than they used too, maybe two decades longer.

The banks reap all the rewards while the so called investor reaps nothing but risks losing everything.

Its a ponzi plain and simple, a debt ponzi that alludes to the delusion that prices and rents and wages can continue to double at certain intervals. But we live in the modern smaller global economy now, from which we must now try and compete with the impossible. Dirt cheap foreign labour and massive advances in technology and computerised automation.

After paying bank interest and outgoings your profit is zero percent at best, and as we now, 1.4 million so called investors are negatively geared, claiming a loss. With jobs , wages and rents set to decline indefinitely until our overpriced wages issue is somehow dealt with, is sounds like a ponzi simply waiting to explode.

I mean what sort of ponzi would allow this amount of neagatively geared rubbish , shows the scope of the delusional speacualtion that really is at play here. If that does not show what a bubble is, I don't know what would.
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Chris
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Mustapha Mond
14 Sep 2014, 02:04 PM
The bank will take the premium tenants.
The shit will be left for the private landlords.
Get with the program.
Peter
Oh good to know Peter, I was wondering my position in this world and now I know I am a piece if shit that rents from a private landlord. It would be nice to be a genuine human being with a 40yr interest only loan but that's life I guess, we can't always get what we want hey?'
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noopsy05
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Mustapha Mond
14 Sep 2014, 01:00 PM
I put forward this point directly from Foxbat.

Banks have replaced the private landlord as of now.

Concept.

Any person with a stable position can at a very reasonable cost, lets say $400 per week find a property to buy and get the loan for it from one of the big 4 banks.

This completely undermines the rental / landlord model.

There is simply no margin left for the private landlord. (what can he offer) ?? Shitbox for shithead?? But shithead has no money, if he did the bank would lend him the money to buy his own place.

Foxbat mentioned this this morning and he told me that is why he told me to sell out 16 months ago.

i am only now starting to understand what the hell that crazy man was on about.

Thanks Foxbat.

Crosspost following.


Get it straight,
Mining boom is over dickheads.
Low interest rates are making interest servicing costs almost free.
Buy a $400,000 unit and pay $20,000 p.a. in interest. $400 per week.
The bank has become the landlord.
They get the rent with no costs. 0 costs, you pay to play. Every time.
If the tenant destroys the property it hurts the tenant not the bank.
The indépendant landlord is only going to get the real shit to rent from him.
So landlords here is a tip for free, you are going to have to handle the tenants no one wants.
The tenants that can get up in the morning, wash themselves get on the bus to work and carry out their duties at work will "buy" their own place.
Then pay "interest" (rent) to the bank for the next 35 years.
So "private" landlords are going to need thick pvc gloves to handle the shit.
Good luck.
Your future has been cast.
So on your knees bitches.

http://www.collarspace.com/details.asp?px=KinkMaster6&bhcp=1

Foxbat.
what about the poeople who dont want to bring up a family in a shoebox unit? and want to live on a big block with a nice big house? what about the people who are up to their knees in personal debt and/or owe thousands of dollars of fines and/or have a bad credit rating? Banks wont lend to them.

$400,000 unit you say? does that minus stamp duty and other fees when buying a house? dont forget body corperate each year
. More like a $370,000 unit. Wow, i couldnt imagine that peice of trash! lmao

why you bears so angry?
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goldbug
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And when interest rates go up peter?
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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goldbug
14 Sep 2014, 03:11 PM
And when interest rates go up peter?
Haven't the bears been posting non stop about how we are going into economic melt down. This means rates are going down not up.
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lextsy
14 Sep 2014, 02:01 PM
I dont have any savings but I do have the iphone 6 on preorder.
This is why you won't ever own a house.
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miw
Member Avatar


Mustapha Mond
14 Sep 2014, 01:00 PM
I put forward this point directly from Foxbat.

Banks have replaced the private landlord as of now.

Concept.

Any person with a stable position can at a very reasonable cost, lets say $400 per week find a property to buy and get the loan for it from one of the big 4 banks.

This completely undermines the rental / landlord model.
Does that $400/wk include other holding costs like rates and water? How about maintenance?

If it did, then everyone would go out and buy their own dwellings, pushing prices up and rents down until equilibrium was reached.

In fact this re-balancing is going on all the time. Rents have been soft in Brisbane for over a year now, at least in part because tenants have been not renewing their leases and going out to buy their own places.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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