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Perth $30K FHB promotion; Why so desperate?
Topic Started: 19 Aug 2015, 12:54 AM (8,997 Views)
Jimbo
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Matthew
20 Aug 2015, 07:22 PM
I am not a Johnny come lately, my debt to equity ratio is perfect, I will have no debt in a year or two and then will transition my investments to accumulating shares.
What that tells me is that you owe more than you own. If you had to liquidate today, you would be underwater. Or have I misunderstood your use of the phrase "my debt to equity ratio is perfect"? Don't worry Garthew. You are not alone in this. There is a ponzi scheme in Perth with many members like you. Leveraged to the hilt because they believed what some smarmy spruiker told them at a "hurry, spaces are limited" seminar. You hold regular meetings on here where you comfort eachother by blowing smoke up one anothers arses.

It makes quite funny viewing really. Watching the get rich quick brigade squirm.

Meanwhile, I have zero debt. I owe nothing to anybody. Everything I have belongs to me. Cars, boat, Gold, furniture, appliances, shares, bonds, cash. Nice..
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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Matthew
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Jimbo
21 Aug 2015, 04:07 PM
What that tells me is that you owe more than you own. If you had to liquidate today, you would be underwater. Or have I misunderstood your use of the phrase "my debt to equity ratio is perfect"? Don't worry Garthew. You are not alone in this. There is a ponzi scheme in Perth with many members like you. Leveraged to the hilt because they believed what some smarmy spruiker told them at a "hurry, spaces are limited" seminar. You hold regular meetings on here where you comfort eachother by blowing smoke up one anothers arses.

It makes quite funny viewing really. Watching the get rich quick brigade squirm.

Meanwhile, I have zero debt. I owe nothing to anybody. Everything I have belongs to me. Cars, boat, Gold, furniture, appliances, shares, bonds, cash. Nice..
Jimbo I owe less than 2% of the current net value of my residential properties. All of my shares are owned outright.

You are over a decade older than I am. In 2 years I will be debt free. By the time I am your age I hope to have accumulated around another $2m in shares by directing what currently services the mortgage on my PPOR to shares.

But I wont be renting a shitbox in meth city like you, dwindling down my cash on somebody elses investments.

Never got rich quick, never claimed to have either. Got rich slowly like most people.

Go fuck yourself you smug piece of shit.

My only hope for my three boys is that they turn out nothing at all like Chris.
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Veritas
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Back of topic.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Perthite
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Matthew
21 Aug 2015, 04:23 PM
Jimbo I owe less than 2% of the current net value of my residential properties. All of my shares are owned outright.

You are over a decade older than I am. In 2 years I will be debt free. By the time I am your age I hope to have accumulated around another $2m in shares by directing what currently services the mortgage on my PPOR to shares.

But I wont be renting a shitbox in meth city like you, dwindling down my cash on somebody elses investments.

Never got rich quick, never claimed to have either. Got rich slowly like most people.

Go fuck yourself you smug piece of shit.
Proof money does not make you happy.

They have drugs for erectile disfunction nowdays.
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newjez
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Jimbo
21 Aug 2015, 04:07 PM
What that tells me is that you owe more than you own. If you had to liquidate today, you would be underwater. Or have I misunderstood your use of the phrase "my debt to equity ratio is perfect"? Don't worry Garthew. You are not alone in this. There is a ponzi scheme in Perth with many members like you. Leveraged to the hilt because they believed what some smarmy spruiker told them at a "hurry, spaces are limited" seminar. You hold regular meetings on here where you comfort eachother by blowing smoke up one anothers arses.

It makes quite funny viewing really. Watching the get rich quick brigade squirm.

Meanwhile, I have zero debt. I owe nothing to anybody. Everything I have belongs to me. Cars, boat, Gold, furniture, appliances, shares, bonds, cash. Nice..
If you hadn't worked out by now Matthew is a made up person. He will always have more than you, he will always be better than you, his wife is more beautiful than yours. You get the idea? He is everything you are, whatever that is, x10.

You can't compete with him.

All you can do is show that his fictional position is worth less than when he started. Which is clearly obvious. (At which point he'll tell you he sold x but didn't tell you cos ....)

By all means give him a soap box to make himself look stupid on. But you must remember he is a made up person.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Jimbo
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Matthew
21 Aug 2015, 04:23 PM
Jimbo I owe less than 2% of the current net value of my residential properties. All of my shares are owned outright.
So you say Mathew.

So why the blog since 2012? Why the constant posting on PN and god knows where else with your many socks?

2012 scared the shit out of you and now you are scared shitless again.

Your tactic now is to play along with a possible 5% fall by year end so that you don't look like a complete tool but all the while spruik an inevitable rise due to a tightening of supply.

There has never been a better time to buy hey Gary?

Get in now before the next boom.

Skamy logic to a tee.

Ha ha.
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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Andrew Judd
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newjez
21 Aug 2015, 04:36 PM
If you hadn't worked out by now Matthew is a made up person. He will always have more than you, he will always be better than you, his wife is more beautiful than yours. You get the idea? He is everything you are, whatever that is, x10.

You can't compete with him.

All you can do is show that his fictional position is worth less than when he started. Which is clearly obvious. (At which point he'll tell you he sold x but didn't tell you cos ....)

By all means give him a soap box to make himself look stupid on. But you must remember he is a made up person.
Why are you all spending so much time and energy convincing yourselves you are right while talking to a troll or psycho??
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Jimbo
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newjez
21 Aug 2015, 04:36 PM
By all means give him a soap box to make himself look stupid on. But you must remember he is a made up person.
Mathew Gary on a soapbox?

More like a hand carved rosewood podium if you don't mind.
Andrew Judd
21 Aug 2015, 04:41 PM
Why are you all spending so much time and energy convincing yourselves you are right while talking to a troll or psycho??
It's the adult version of pulling the legs off a spider. Pointless fun.
Edited by Jimbo, 21 Aug 2015, 04:51 PM.
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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Matthew
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Perthite
21 Aug 2015, 04:33 PM
Proof money does not make you happy.

They have drugs for erectile disfunction nowdays.
I am pretty happy actually. Why are you so miserable?
Jimbo
21 Aug 2015, 04:39 PM
So you say Mathew.

So why the blog since 2012? Why the constant posting on PN and god knows where else with your many socks?

2012 scared the shit out of you and now you are scared shitless again.

Your tactic now is to play along with a possible 5% fall by year end so that you don't look like a complete tool but all the while spruik an inevitable rise due to a tightening of supply.

There has never been a better time to buy hey Gary?

Get in now before the next boom.

Skamy logic to a tee.

Ha ha.
What can I say Jimbo, it amuses me. A harmless hobby when I am not home.

I don't post on Perthnow, cant be bothered. Enjoy here though, you doomsters are so clueless it is almost fun. And lets face it if I didn't post here I wouldn't be able to pick apart all your fictional bullshit.

Probably let go the "Gary" thing too, for a start it proves you are a fucking moron, and as I said I am happy to just post as Matthew wherever I comment. It is after all my name.

I don't think the 5% fall is possible, I think it is in the bag. Wont get the 15% you need to break even on your bet though
Jimbo
21 Aug 2015, 04:48 PM
Mathew Gary on a soapbox?

grow up c unt
newjez
21 Aug 2015, 04:36 PM
All you can do is show that his fictional position is worth less than when he started. Which is clearly obvious. (At which point he'll tell you he sold x but didn't tell you cos ....)

Not buying, not selling.
Edited by Matthew, 21 Aug 2015, 05:00 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
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skamy
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Veritas
20 Aug 2015, 07:42 PM
Yeah, but so what?
Nobody can tell the future.
Thousands of people in the US, Ireland and Spain refused to listen to the “doomster bear nonsense” and got badly burned.
All that matters is whether right now is the correct time to buy a house in Perth.
And, frankly, why would you? Falling house prices are already making renting a no-brainer and if you can tell me what exactly is going to arrest the decline in house prices over the next few years I’m all ears.
Most people in Ireland Spain and Greece will resume life as usual as the recession recedes, in 10 years time these paper loses will look ridiculously small compared to the long term price growth. All that happened is a huge redistribution of wealth from the young and the poor to the cash rich and the super wealthy.

You are the fool who believed there was something real about bust time prices in previously booming economies. You believed that our non booming prices should crash too. You attached labels to house prices and judged crashing prices (that rob ordinary people) to be the holy righteous way and growing house prices (that benefit normal people) to be evil incarnate. You pasted a halo above your own head and have cried and wept for 9 years against the injustice of the Australian housing market for failing to crash.

You are like a child who envies a peer's broken arm, you have absolutely no idea of the pain and distress caused to the badly affected economies by the super rich who were the ultimate beneficiaries.

You call yourself a socialist yet you cheer on the redistribution of wealth these crashes cause.


Chris
20 Aug 2015, 10:40 PM
That dead horse is not getting any deader Matthew.

Let's go over it again shall we. The governing body for real estate agents, the advocacy group no less, the REIWA state that population DECLINES are having a significant impact on new starts. You are almost brain dead but I'm sure you know what that means, there is no under supply or hint of one they are not building new homes because there isn't the market for them.

What you are trying to assert is that there is an emerging under supply because starts have declined, how do you figure that moron. And then with the same logic explain to me why anyone would ever offer $30k inducements for what is a market that is in in under supply? You are lost in your own rhetoric.

Have the last word though, I know without a Shadow of a doubt that you can't help yourself.
Chris there are no population declines only a few hundred of the 10s of thousands who moved to WA over the past 5 years are returning interstate. The population is growing in WA and growing faster than most other states. You need to live in the real world and stop believing doomster cult lies like this.
Jimbo
21 Aug 2015, 04:12 AM
You have spouted this same response at least 100 times.

But you completely avoid what comes before the fall in supply.

The fall in construction jobs.

10.2% of WA's working population are employed in construction.

If we build fewer houses, we have fewer jobs. But this time, no resource construction to suck up the excess. Just the line at centrelink getting longer.

How do house prices rise when more people are on the dole? Will migrants be attracted to WA with 7% (or greater) unemployment?

If the biggest stimulus to the housing ponzi can't push prices up (low rates), what happens when there is less money washing around?

You are a twat sock Garthew.





If there were a pent up undersupply due to years of under building, I would not expect to see nearly 10,000 rentals available on realestate.com.au.

Just saying.
Jimbo I am telling you for a fact that construction jobs will not decline by much if any next year. There are a lot of big and medium sized projects coming online - do not gamble your home on falling construction jobs - you will lose.

Look up AMP and WestFields - just one of the AMP jobs is expected to create 5000 new construction jobs. This is a time of transition from the Capex investment back to a more normal household economy as it recovers from the GFC.

You say you have done well so far on currency bets but the big currency wins are over for a while - if anything the AUD is more likely to rise than fall ATM. Meanwhile, you are wasting money on rent and by now you must see that there will be no crash. Quit while you are ahead there are still plenty of bargains around - why be greedy?
Jimbo
21 Aug 2015, 04:07 PM
What that tells me is that you owe more than you own. If you had to liquidate today, you would be underwater. Or have I misunderstood your use of the phrase "my debt to equity ratio is perfect"? Don't worry Garthew. You are not alone in this. There is a ponzi scheme in Perth with many members like you. Leveraged to the hilt because they believed what some smarmy spruiker told them at a "hurry, spaces are limited" seminar. You hold regular meetings on here where you comfort eachother by blowing smoke up one anothers arses.

It makes quite funny viewing really. Watching the get rich quick brigade squirm.

Meanwhile, I have zero debt. I owe nothing to anybody. Everything I have belongs to me. Cars, boat, Gold, furniture, appliances, shares, bonds, cash. Nice..
But you have not got a home Jimbo and sooner or later playing around with cash and currencies and other speculative bets will bite you in the bum.

There will be no crash Jimbo - just do not hang onto that doomster nonsense for so long that you get priced out of your own suburb. It will happen and my knowledge of the near future in Perth tells me that this will be sooner rather than later.
Edited by skamy, 21 Aug 2015, 06:43 PM.
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.
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