I've heard it said that what a man lacks in the ability to act, he tries to compensate for through words, and perhaps his inability to bite the bullet, to man up, and buy a property leaves him at a disadvantage where he feels insecure, somewhat, particularly when faced with the reactions of his wife, probably, so he talks up his job to make himself feel secure again.
Mrs Frumpies reaction to her husbands unfulfilled manhood is for her to don the strap on and practice rodeo riding, while he screams in agony that he is undeserving of his meager salary and may not in fact reach his station in life.
I never said it was. There are managers on double my rate. I'm pretty sure you're one of those types because you seem organised and purposeful in you thoughts. Good for you. Personally I'm happier as a well paid foot soldier for the time being. Less power point and excels make me a happy chappy.
If that suits you then well done. I'm not a manager either, though, I work as a specialist. Admittedly it took over 10 years in a fairly specialist part of IT to get to where I am, but fortunately it is not technology dependent so I should be good for another decade at least.
I got rid of the PPOR mortgage because at the time I was single & doing 2 jobs, it was my sole reposibility to rid it so I had the means to get finance approved for the IP loan. The security for the loan was the PPOR at the time. One of my jobs wasn't long term, so I knew if I didn't get equity on PPOR I wouldn't get finance on IP.
Then when a Simple Land Transfer was made to my personal financial advantage, I was able to lever up with the Hubs in 1999.
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.
You wouldn't want your daughters getting into bed with Frummy. They'd soon find themselves pregnant and house-less.
It is the undercurrent of anger that is more disturbing. Gunner did absolutely nothing to deserve such a tirade.
Miles made a call on the property market, in front of family and friends and he ignored the advice of his in-laws etc because he believed the zerohedge rubbish that there was going to be some grand event that would change everyone's fortunes. A brave new world about to emerge where the property owners become poor and the renters take over the world with their cash in the bank.
He was not the only one and he will not be the last to fall for this persuasive fairy tale. We all fell for it in the 90s.
Miles too seems a nice guy when he is not being up himself. He is just the same as the rest of the young men on here trying to do the best by his family. He just made a bad call on the property market, we have all done it. However, sometimes you just have to let the dream go, and try to see the doomsters for what they are and how they use a combination of fear and fantasy to influence even intellectual people.
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.
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.
You're trolling. You know the racket is almost up.
Gunner
28 Oct 2014, 09:42 AM
I didn't think you would read this post seeing you will never be in a position to own a house. Why don't you head back to a topic about getting rid of negative gearing or Chinese investors buying everything?
A) I could easily buy a house if I wanted. I just don't want to live near people like you.
B) I've never once complained about foreign investors buying things up. I don't blame them for wanting to buy here. I blame the idiots who run the housing ponzi racket.
C) Negative Gearing? Couldn't care less any more. And that goes for any other current ideas about macro pru policy. Too late. The horse has bolted.
stinkbug
28 Oct 2014, 09:49 AM
...don't let the method of earning money dictate how it's used. That, in intellectual terms, is being lazy.
This is sound advice. Except for when you believe a market shock is coming. Then it isn't.
Bardon
28 Oct 2014, 09:51 AM
For investment properties it can be shown that never ever paying down your debt is in fact a stronger wealth building strategy than paying them down.
Your strategy works only if you extrapolate endless capital gains and inflation. This is not going to be the case moving forward.
peter fraser
28 Oct 2014, 09:54 AM
A caveman who is afraid to venture away from the safety of the cave is guaranteed to starve to death.
Boy, you really haven't seen me after a few pints pal. Then you'll know what risk is.
Bardon
28 Oct 2014, 10:41 AM
The best bit is that $1000 a day, is not actually a braggable amount.
You're right. In fact, your mum told me I'm much better off bragging about my good looks, virility and staying power rather than anything my money could buy.
Mustapha Mond
28 Oct 2014, 10:03 AM
Well done Gunner, slow and steady.
All i will ask is why do you want to spend the extra cash on consumption??
Why not keep saving the money and make an investment that generates cash.
I keep telling people that houses are not investments.
They are liabilities.
Anyway well done.
Peter
Please see a psychiatrist. You're a bee's dick away from being sectioned.
K-town
28 Oct 2014, 12:04 PM
That you're on about $100 an hour? Less holidays, super and sick leave?
Why should I explain if you can't do basic math? Unless 10 hour days are the norm for you. Then you're a chump.
"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.
I have my house I'm paying off and one investment property, in simple terms I pay interest only on my investment because the money I save on that I can pay off my house I'm living in quicker. You want to pay that one off quicker because you can't claim it on tax Because I want to live the last half of my life seeing the world and having a good time with my kids, not stressing about investments and dick measuring with friends and people on this website. Hey this is off topic, if you want to talk to people about your shit job go start a new thread
Yes because talking about your widdle house is just soooo much fun. Especially seeing as you've not even taken the time to consider what constitutes an acceptable topic of conversation round here.
skamy
28 Oct 2014, 01:31 PM
I hope my daughters are lucky enough to find a gem like him.
They're welcome to him. My wife is beautiful and kind enough for me, thanks. Plus she's willing to do all the hard work for me while I sit here and rant about property prices.
Dr Watson
28 Oct 2014, 01:45 PM
You wouldn't want your daughters getting into bed with Frummy. They'd soon find themselves pregnant and house-less.
Although well and truly sated physically.
Bardon
28 Oct 2014, 01:45 PM
Mrs Frumpies reaction to her husbands unfulfilled manhood is for her to don the strap on and practice rodeo riding, while he screams in agony that he is undeserving of his meager salary and may not in fact reach his station in life.
That's actually quite a turn on, my two favourite types of porn delivered at the same time.
skamy
28 Oct 2014, 03:09 PM
It is the undercurrent of anger that is more disturbing. Gunner did absolutely nothing to deserve such a tirade.
If Gunner was half the man his cocky self assured comments suggest he is he'll take it in his stride. Consider your own abrasive potty mouth before casting the first stone.
"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.
They're welcome to him. My wife is beautiful and kind enough for me, thanks. Plus she's willing to do all the hard work for me while I sit here and rant about property prices.
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