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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 (19,109 Views)
Jon Snow
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Khaderbhai
14 Sep 2016, 09:45 PM
He could have left quietly, moved to an undisclosed country with his millions, and disappeared off the grid.

Good chance he wouldn't have been found out, but even if he was, good chance it would have been too difficult to locate him and chase him down. Cops have more important things to do.
Sounds like you've thought it through. As long as you never travel to a country with an extradition treaty with Aus you will be OK.
Quote:
 
I'm the most honest person you'll ever meet.

Between the hours of 2:00AM and 3:00AM
Quote:
 
They'll never catch me.
As long as you leave and don't come back I think it would be compensation enough. One less fraud draining the economy has to be a good thing.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Khaderbhai
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Wealthy Suburbanite

Jon Snow
14 Sep 2016, 10:03 PM
As long as you never travel to a country with an extradition treaty with Aus you will be OK
The key is not to disclose the destination country, and to vanish off the grid. Can't be extradited if you can't be found.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Bardon
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Jon Snow
14 Sep 2016, 08:51 PM
You remind me of this guy:
http://www.smh.com.au/business/workplace-relations/surf-life-saving-nsw-manager-embezzled-3-million-20160914-grg2co.html

Embezzled 3 million and bought properties. Only got caught because he admitted to it in his resignation letter. Up until that point he was one of your genius heroes, defrauding people and speculating in property. If he was Irish I would put money on it being you.
I wonder if he gets to keep the equity and just has to return the seed capital back?
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Trollie
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Jon Snow
14 Sep 2016, 10:03 PM
As long as you leave and don't come back I think it would be compensation enough. One less fraud draining the economy has to be a good thing.
Yes sure, when snow blower's plans fail (waiting for a property crash) it must be because we are all frauds.

If only hey big fella :re:
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Rastus2
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Khaderbhai
14 Sep 2016, 10:09 PM
The key is not to disclose the destination country, and to vanish off the grid. Can't be extradited if you can't be found.
Most of us would value our family and friends more than the money that requires us to disappear forever.

3M in exchange for never being able to visit my friends and family... nope... I'll just stick to not being a slimy thief.

Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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herbie
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Rastus2
14 Sep 2016, 11:02 PM
3M in exchange for never being able to visit my friends and family... nope... I'll just stick to not being a slimy thief.
Well, while 3 mill ain't much, if ya got it ya can afford ta pay for family ta visit you - 'N who gives a f*** about friends? - I's only got one a them ... 'N he's a REALLY rich basket (well comparatively) anyway! ... LOL
Edited by herbie, 14 Sep 2016, 11:32 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Khaderbhai
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Rastus2
14 Sep 2016, 11:02 PM
Most of us would value our family and friends more than the money that requires us to disappear forever.
Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Ex BP Golly
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Khaderbhai
14 Sep 2016, 07:00 PM
As I suspected Roddy.

Nope. For households aged 65 and over, 78% own without a mortgage, only 6% have a mortgage, and the remainder rent.

For households aged 55-64, 50% own without a mortgage, and only 31% have a mortgage.

http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/1301.0Main+Features1322012

Like I said, as people get older, the majority pay off their mortgages and reduce their debt.

78% (i.e. the vast majority) reduce their mortgage debt to zero by retirement age.

And even by 55-64 years old, the number of mortgage-free homeowners is much larger than those who still have a mortgage.

As usual, both you and Roddy have no idea what's going on.

You misinterpret and misunderstand everything as a result of your bias and agenda.
Not according to your chart mate.

Anything else you want to tell me is wong on it? [/quote]Posted Image
Trollie
14 Sep 2016, 10:13 PM
Yes sure, when snow blower's plans fail (waiting for a property crash) it must be because we are all frauds.

If only hey big fella :re:
Of course you are all frauds.
Even the mitey Shadow admits to defrauding his banks to get ahead.

It's why the banks have clauses about it being a rapid repayment default.

They know most speculators are deceitful, and thus virtually every contract is able to be terminated at whim from the moment it is entered into..
Khaderbhai
14 Sep 2016, 11:23 PM
Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner.
But don't you pretend to be doing what's best for the community?

And yet here you are, sounding like a full blown sociopath!

Go figure!
Edited by Ex BP Golly, 15 Sep 2016, 08:45 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Khaderbhai
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Ex BP Golly
15 Sep 2016, 08:25 AM
Not according to your chart mate.
Yes, according to the ABS chart, as well as the ABS link.

For households aged 65+, 78% own without a mortgage, 6% have a mortgage, and the remainder rent.

The 6% who still have a mortgage are the ones who hold the property debt shown on the chart.

Quote:
 
And yet here you are, sounding like a full blown sociopath!
That's just a personal attack.

Quote:
 
Even the Mighty Shadow admits to defrauding his banks to get ahead
Prove it.
Edited by Khaderbhai, 15 Sep 2016, 08:58 AM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Ex BP Golly
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Khaderbhai
15 Sep 2016, 08:52 AM
That's just a personal attack.
No it's not.

All of our university psychology, criminology, and law enforcement degrees would teach people to consider your words in this instance to strongly point towards a sociopathic personlity.

It's hard for socio/psychopaths to self diagnose, but closely inspect what you said about your relationship to other people, esp significant others!

Quote:
 
Don't let yourself get attached to anything you are not willing to walk out on in 30 seconds flat if you feel the heat around the corner


Khaderbhai
15 Sep 2016, 08:52 AM
Yes, according to the ABS chart, as well as the ABS link.

For households aged 65+, 78% own without a mortgage, 6% have a mortgage, and the remainder rent.

The 6% who still have a mortgage are the ones who hold the property debt shown on the chart.


Not according to this chart:

Posted Image
Khaderbhai
15 Sep 2016, 08:52 AM
Prove it.
Have you forgotten where Shadow gloated about withholding relevant material knowledge from the bank whereby he obtained a benefit by deception?

It was one of his greatest moments, giving it to the man, and yet (sniff) you have forgotten already!

Edited by Ex BP Golly, 15 Sep 2016, 09:12 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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