Welcome Guest [Log In] [Register]


Reply
Why it's time to ask for a rent reduction
Topic Started: 8 Nov 2016, 12:25 PM (7,374 Views)
Rastus2
Member Avatar


Trollie
17 Nov 2016, 01:40 PM
Stop trying to pretend you aren't Timo, it's boring us all.


Seems you are not bored by another poster refusing to confirm that we know who he is... or are you stupid enough to not have worked it out yet ?
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
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Rastus2
17 Nov 2016, 01:59 PM

Seems you are not bored by another poster refusing to confirm that we know who he is... or are you stupid enough to not have worked it out yet ?
And you claim you aren't obsessed :lol
Profile "REPLY WITH QUOTE" Go to top
 
Blondie girl
Member Avatar


Hell what a thread!!

Glad the real world doesn't operate like the high Court of Facesook.
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.
Profile "REPLY WITH QUOTE" Go to top
 
deluded
Default APF Avatar


Matthew
17 Nov 2016, 01:17 PM


Fail to achieve what? The first thing you are assuming is that I will have a tenant demand a 20% reduction. I know my tenants well and do not believe that will happen. The second thing you assume is that I will have a vacancy. There is no evidence to suggest I will. The third thing you assume is that after a vacancy I will have to drop my rent after a period of vacancy to attract a tenant.

Deluded. You are aptly named, I will give you that.
No I'm not assuming that you will have to drop your rent by 20%. I do however, think it is definitely possible for some tenants in Perth to achieve a 20% rent reduction. You on the other hand have said it is impossible and that if it did happen the landlord would have to be allergic to money. You go even further to assert that you would achieve at worst a 4.2% rent reduction on your property.

I'm willing to bet you that you CANNOT re-rent any of your rentals (units, houses, dongas, hay-barns, IDGAF), within 4 weeks, without taking more than a 4.2% drop in rent.

So for me to win, you don't have to take a 20% reduction, just a 4.3% reduction.

And this is why you're shivering in your boots about this bet. Twisting and turning like a maggot under a magnifying glass. You know you will lose. You've been called out and you've got nothing.

So, the bet is simple. Take it, or stop telling stories.
Real Trump News -- Real Climate Science News -- Real Democrat Party News
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


deluded
17 Nov 2016, 03:21 PM
No I'm not assuming that you will have to drop your rent by 20%. I do however, think it is definitely possible for some tenants in Perth to achieve a 20% rent reduction. You on the other hand have said it is impossible and that if it did happen the landlord would have to be allergic to money.
I didn't say it was impossible, I said that Foxbat was full of shit in relation to his story on a unit in Mt Lawley. DO some research kid instead of just swallowing bullshit.

Quote:
 
You go even further to assert that you would achieve at worst a 4.2% rent reduction on your property.
I used an example. For the 4th (or is it 5th) time - I don't own any units.

Quote:
 
I'm willing to bet you that you CANNOT re-rent any of your rentals (units, houses, dongas, hay-barns, IDGAF), within 4 weeks, without taking more than a 4.2% drop in rent.
Then you would lose. I say that based on me resigning 4 leases in the past 12 months with the largest rental fall being 3% ($15 per week)

Quote:
 
So for me to win, you don't have to take a 20% reduction, just a 4.3% reduction.
You wont win.

Quote:
 
And this is why you're shivering in your boots about this bet. Twisting and turning like a maggot under a magnifying glass. You know you will lose. You've been called out and you've got nothing.
I love a good emotional rant. I am not shivering, there is no bet, there is no way for you to measure what you want to measure.

Quote:
 
So, the bet is simple.
The "bet" is a convoluted hypothesis

Quote:
 
Take it, or stop telling stories
Take what exactly?
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

deluded
17 Nov 2016, 03:21 PM
No I'm not assuming that you will have to drop your rent by 20%. I do however, think it is definitely possible for some tenants in Perth to achieve a 20% rent reduction. You on the other hand have said it is impossible and that if it did happen the landlord would have to be allergic to money. You go even further to assert that you would achieve at worst a 4.2% rent reduction on your property.

I'm willing to bet you that you CANNOT re-rent any of your rentals (units, houses, dongas, hay-barns, IDGAF), within 4 weeks, without taking more than a 4.2% drop in rent.

So for me to win, you don't have to take a 20% reduction, just a 4.3% reduction.

And this is why you're shivering in your boots about this bet. Twisting and turning like a maggot under a magnifying glass. You know you will lose. You've been called out and you've got nothing.

So, the bet is simple. Take it, or stop telling stories.
only 20%???

Good luck
http://www.realestate.com.au/property-apartment-wa-mount+lawley-418125534
http://www.realestate.com.au/property-apartment-wa-mount+lawley-404744082
Edited by Foxy, 17 Nov 2016, 07:23 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
deluded
Default APF Avatar


foxbat
17 Nov 2016, 07:10 PM
Matthew look at those prices in Mount Lawley. Can you see how out of touch you are? If you advertised at $360 people wouldn't even bother clicking the link.

Things have dramatically changed in just the last 2 weeks.

I apologise for the previous vitriol. I just know that you're so fundamentally wrong. Now you can see for yourself how far off the mark you are.

Real Trump News -- Real Climate Science News -- Real Democrat Party News
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

deluded
18 Nov 2016, 11:52 AM
Matthew look at those prices in Mount Lawley. Can you see how out of touch you are? If you advertised at $360 people wouldn't even bother clicking the link.

Things have dramatically changed in just the last 2 weeks.

I apologise for the previous vitriol. I just know that you're so fundamentally wrong. Now you can see for yourself how far off the mark you are.
If Mathews arse was on fire and you tried to tell him he would do a super sonic shout at you, bursting your eardrums.

Then when he finally works out what you were trying to tell him he will run about and then blame you for not telling him..

Strange fellow.


http://www.bing.com/videos/search?q=man+with+pants+on+fire&&view=detail&mid=31E322A027A04EE1F05931E322A027A04EE1F059&FORM=VRDGAR

http://www.bing.com/videos/search?q=man+with+pants+on+fire&&view=detail&mid=3355C029DD964D9C950F3355C029DD964D9C950F&FORM=VRDGAR

Be careful Mathew.

I do not want to see you get hurt...
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


I'd reckon me returns on cash have gotta be down at least 50% since tha GFC hit?

'N except in tha most extraordinary of cases regardin' Oz property maybe, rental returns have held up IMMENSELY better than that!
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

herbie
18 Nov 2016, 12:23 PM
I'd reckon me returns on cash have gotta be down at least 50% since tha GFC hit?

'N except in tha most extraordinary of cases regardin' Oz property maybe, rental returns have held up IMMENSELY better than that!
when you say better could you give a little detail?

Like what is the triple net yield??


Blondie girl
17 Nov 2016, 02:24 PM
Hell what a thread!!

Glad the real world doesn't operate like the high Court of Facesook.
Hi Blondie,

Could you please give us all an update on the Perth rental market.

I am finding 20% reductions are normal now.

But you are in the business so please take the time to update us all.

Peter
Edited by Foxy, 18 Nov 2016, 12:48 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Free Forums with no limits on posts or members.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy