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Sydney property owners making $200,000 a year for 'doing nothing'; Bringing home the bacon
Topic Started: 3 Sep 2016, 05:24 AM (19,118 Views)
skamy
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3 Sep 2016, 09:14 AM
Not a bad earn at all.

Will the next owner be so lucky ?

Will it go up 200k a year for the next few years ? Or down 200k for how many.

If you hold long enough you should get two or three earning opportunities like this in a lifetime. It is particularly useful to buy in a downturn if you can.

A message that fell on deaf ears throughout the GFC unfortunately. Next time around a lot of the bears will join us trying to get the message across to young people so that they can access these massive wealth building opportunities for themselves.
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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Simon_S
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skamy
10 Sep 2016, 11:14 AM
If you hold long enough you should get two or three earning opportunities like this in a lifetime. It is particularly useful to buy in a downturn if you can.

A message that fell on deaf ears throughout the GFC unfortunately. Next time around a lot of the bears will join us trying to get the message across to young people so that they can access these massive wealth building opportunities for themselves.
I look forward to you coming here in the next crash and Fully disclosing your purchases in the next Down Turn.

Any chance you could tell us What Central banks will do in the Next Downturn to create Growth?

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skamy
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Simon_S
3 Sep 2016, 10:55 AM
How funny that's what the Central bankers thought they had conquered with Monetary Policy........

The the GFC rolled around.

That reminds me at what point in the Business Cycle would you need record low IR's?
Why Simon would the central banker ever ever not get their own way with everything? Wake up - why are you listening to disinfo that is telling you that the bankers and the super rich and the elite will all just throw away their good assets and buy gold or some other nutty doomster trade.

Why do you fall for this silly nonsense?
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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Jimbo
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skamy
10 Sep 2016, 11:14 AM
If you hold long enough you should get two or three earning opportunities like this in a lifetime. It is particularly useful to buy in a downturn if you can.
And your children can do the same, just like people have been doing since Roman times in this rich city.

2x2=4,4x4=16,8x8=64,64x64=4096x4096 = 1,677,216..

You don't get it. do you?

skamy
10 Sep 2016, 11:14 AM
It is particularly useful to buy in a downturn if you can.
So you admit that people will sell at a loss in a downturn and you will take advantage of their pain.
Edited by Jimbo, 10 Sep 2016, 11:25 AM.
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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skamy
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doubleview
3 Sep 2016, 01:11 PM
Huh?

100% is a big call. IMO it wont be that much but we do have considerable growth left thats 4 sure.
Unbelievable yet another doomster preacher man has turned into a bull :lol

Bet you wish you had nabbed a downturn bargain in 2012/13 instead of preaching doom and gloom and accusing homeowners of eating their children.
Terry
3 Sep 2016, 06:26 PM
Oh, "the law of averages" coming into play. Sounds really credible if it's a "law". Statisticians refer to it as gamblers fallacy.
No they don't they refer to it as a heuristic
Edited by skamy, 10 Sep 2016, 11:29 AM.
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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Simon_S
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skamy
10 Sep 2016, 11:20 AM
Why Simon would the central banker ever ever not get their own way with everything? Wake up - why are you listening to disinfo that is telling you that the bankers and the super rich and the elite will all just throw away their good assets and buy gold or some other nutty doomster trade.

Why do you fall for this silly nonsense?
So it was the Poor that got bailed out in the Last GFC?

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skamy
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Terry
3 Sep 2016, 11:13 PM
I think you'd fit in well with the target audience Jethro. Piece of straw out of your mouth and a champion of fables.
Property seminars and doomster blogs are both trying to sell easy money - you fell for the doomster blogs - your time will come when you are drawn into the property seminars too.

Grandiose people like you who think they have one up on regular Joe Blog's are the target audience.

The winners are the steady Eddies who buy when prices are low, invest in elbow grease and sell when prices are high - it is not rocket science and you don't need SPSS to work it out.
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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Jimbo
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skamy
10 Sep 2016, 11:26 AM
Unbelievable
Not really. Why is it so hard to believe that a desperate property investor would deliberately misquote a post in an attempt to convince complete strangers to buy her leveraged house for more than she paid for it?

You are Skammy after all.

Par for the course for this sites most desperate "investor".
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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skamy
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Jon Snow
3 Sep 2016, 11:20 PM
Do you even know what the law of averages is?
You are heading for a big life lesson if you think you are smarter than most of the posters on here. We all love to take down an arrogant smart alec.
Jon Snow
4 Sep 2016, 12:05 AM
No.
Wrong try again
Edited by skamy, 10 Sep 2016, 11:38 AM.
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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Simon_S
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skamy
10 Sep 2016, 11:20 AM
Why Simon would the central banker ever ever not get their own way with everything? Wake up - why are you listening to disinfo that is telling you that the bankers and the super rich and the elite will all just throw away their good assets and buy gold or some other nutty doomster trade.

Why do you fall for this silly nonsense?
Skammy WHY did the Central Banks need to Bail out the Banks During the GFC?

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