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Sydney man turns up to find home demolished instead of house next door
Topic Started: 8 Dec 2016, 03:08 PM (2,747 Views)
zaph
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Rufus
9 Dec 2016, 11:01 AM
An absolute stroke of good luck if you ask me.

The owner had a crappy old house needing a complete renovation, but now he has a vacant block of land with an insurance payout to build a new home. His dreams have been answered.

Genius. How do I get in touch with that demolition crew.
Bit of a twist on the old Jewish stocktake?
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Khaderbhai
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Wealthy Suburbanite

Ex BP Golly
9 Dec 2016, 03:14 PM
Quote:
 
According to Golly and Rastus, the bank will now call in the loan due to a material adverse fall in value.
You don't think they have /will?
Correct, I know they won't call in the loan. Banks don't call in loans on NCCP regulated homes unless the borrower has done something wrong - i.e. failed to keep up with repayments.
Edited by Khaderbhai, 9 Dec 2016, 10:12 PM.
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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Rastus2
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Khaderbhai
9 Dec 2016, 12:42 PM
According to Golly and Rastus, the bank will now call in the loan due to a material adverse fall in value.
Got any proof I said the bank will do it for this home ? Or just making up shit again ?

I could call you a lying piece of shit, but I elect, in this case not to.. you see, just because I can do somthing, I do not always have to... a basic concept you still fail to grasp.
Edited by Rastus2, 9 Dec 2016, 10:21 PM.
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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Khaderbhai
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Rastus2
9 Dec 2016, 10:15 PM
you a lying piece of shit
Personal attack.
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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Rastus2
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Khaderbhai
9 Dec 2016, 10:25 PM
Personal attack.
who do you think called you that ?
Edited by Rastus2, 9 Dec 2016, 10:29 PM.
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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Khaderbhai
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Rastus2
9 Dec 2016, 10:29 PM
who do you think called you that ?
Called me what?
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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Rastus2
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Khaderbhai
9 Dec 2016, 10:32 PM
Called me what?
The personal attack... in what way was it one when I specifically said I was not calling you one ? Or do you just cry wolf randomly now to get sympathy ?
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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Khaderbhai
9 Dec 2016, 12:42 PM
According to Golly and Rastus, the bank will now call in the loan due to a material adverse fall in value.
Oh f***, not agin - Let it go gents, let it go.

Or at least just direct interested parties to wot ya think is/woz an interesting thread wherever tha f*** it is/woz.

Well, for mine anyway ... :(
Rufus
9 Dec 2016, 11:01 AM
An absolute stroke of good luck if you ask me.

The owner had a crappy old house needing a complete renovation, but now he has a vacant block of land with an insurance payout to build a new home. His dreams have been answered.

Genius. How do I get in touch with that demolition crew.
Deen Brothers 'n Cloudlands - Ah, for 'tha good ole days' ... :)

Tho tha insurance payment woz probably to Sir Jo (or Sir Terry or somesuch) - In a brown paper bag in foldin' stuff - Wif it bein' insurance against bein' prosecuted - LOL
Edited by herbie, 9 Dec 2016, 10:59 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rastus2
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Rufus
9 Dec 2016, 11:01 AM
An absolute stroke of good luck if you ask me.

The owner had a crappy old house needing a complete renovation, but now he has a vacant block of land with an insurance payout to build a new home. His dreams have been answered.

Genius. How do I get in touch with that demolition crew.
I know a couple who paid a company to lift and renovate their old Queenslander in Brisbane. After the lift, the house collapsed, and was destroyed. As the property was listed, they had to jump through hoops for council aproval in the first place, and the council decided the destruction was intentional... blamed the owners and put them through the wringer.

It destroyed them financially, and their marriage fell apart.
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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Ex BP Golly
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herbie
9 Dec 2016, 10:38 PM
Oh f***, not agin - Let it go gents, let it go.

Or at least just direct interested parties to wot ya think is/woz an interesting thread wherever tha f*** it is/woz.

Lol.
I find out hilarious how Shadow needs this myth so that he can feel absolutely safe in his investment strategy, while maintaining what a brave investor he is willing to take risks that deserve superhero reward levels.

The cognitive dissonance is strong in this one Herbie.

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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