Welcome Guest [Log In] [Register]


Reply
The high cost of snake oil
Topic Started: 7 Jan 2017, 10:18 AM (10,287 Views)
skamy
Member Avatar


Chris
10 Jan 2017, 08:34 AM
I always find it quite amusing when APF members posing as the quintessential 'Aussie shella' just having a go in the market and making and millions, the facade seems to come crashing down when they start talking like a elite private school dick cum professional economist.

Pay war reparation, bwahahahah.

Do you really think people don't see through these socks shammy?

Or does your little Aussie battler story come with a wealthy private school blue chip education. Seeming though daddy brought you your first block of land maybe it does.

Credibility = Zero and falling

You can make up any fantasy you like to stop yourself from having to listen to the truth.

I was brought up in extreme poverty and have risen out of it mainly through education and very early property investment. My story is a dime a dozen, I believe this is the only way out of poverty.

You say you have no deposit - yet hungry migrants arrive in this country and within a few years have saved up a deposit and are buying a home.

I believe that you are refusing to accept the standard of property you can afford, therefore you have been sucked in to the cheap house crash fantasy sold to people like yourself on doomster blog sites.

You will rent all your life if you continue along this pathway Chris, the world is not gonna change for you - the doomster bloggers are charlatans often telling outrageous lies, you need to dump them and live in the real world.

There are three big cities in this country where you can still buy property at ~10 year old prices, I have never ever seen this in my lifetime.

If you turned your attention to bargain hunting you will do much better than spending wasted hrs reading fairy tales on doomster cult sites.

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.
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


zaph
10 Jan 2017, 01:34 PM
An interesting scenario though. Property or cash is probably equally useless in a society that has collapsed and doesn't have a functioning monetary system.
They resort to an alternate currency.

Namely the USD.
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Simon_S
10 Jan 2017, 01:26 PM
So you are also saying that you need a bank to exchange goods for money?
No, I'm saying you won't be able to get your $10M out of the bank if the banking system has collapsed.

But you do at least have some chance of staying in your property and defending it. Unless it gets destroyed, however most properties in a country will survive even the worst collapse of society.

Basically, you're better off with real, tangible stuff that you can hold and defend, rather than digits on a computer that you need to somehow convert into something useful.
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."
Profile "REPLY WITH QUOTE" Go to top
 
skamy
Member Avatar


Simon_S
10 Jan 2017, 01:34 PM
So you didn't make this statement then:




So money is now safe?

Thanks for that.......
Our money is safe because we do not live in those chaotic times under the shadow of a onerous treaty that was crippling the German economy.

You are a drama queen Simon - you have no idea how to reasonably assess risk. There are many people out there like you, they are not successful people. Can you not see already the huge price payed by people sucked in by the doomers ?

What are the chances that the world will just continue as per usual? do you ever even consider this.

You are like the gambler placing all his money on the outside chances.
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.
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Khaderbhai
10 Jan 2017, 01:39 PM
No, I'm saying you won't be able to get your $10M out of the bank if the banking system has collapsed.

But you do at least have some chance of staying in your property and defending it. Unless it gets destroyed, however most properties in a country will survive even the worst collapse of society.

Basically, you're better off with real, tangible stuff that you can hold and defend, rather than digits on a computer that you need to somehow convert into something useful.
Oh so now you are saying that Banks collapse over night catching everyone unawares?

You keep defending your now worthless home.

I will have moved to a safer part of the world that 10 million dollars affords me.

You can go a lot of place with 10 million dollars.




skamy
10 Jan 2017, 01:46 PM
Our money is safe because we do not live in those chaotic times under the shadow of a onerous treaty that was crippling the German economy.

Good, so my 10 million Dollars is safe in the bank?

Quote:
 
10 million dollars in the bank is just a number on a computer screen. It's not real or tangible. It could literally vanish overnight.


So you now disagree with Khaderbhai that it can Vanish overnight.

Thanks for that.......




Edited by Simon_S, 10 Jan 2017, 01:55 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Simon_S
10 Jan 2017, 01:49 PM
I will have moved to a safer part of the world
If you can predict the collapse, move before it happens, obtain the necessary visa, and take your $10M and your family with you to another country, then that's a great option.

But it's an option many people don't have. Migrating with your whole family to another country is not as easy as you might think.
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."
Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Khaderbhai
10 Jan 2017, 02:01 PM
If you can predict the collapse, move before it happens, obtain the necessary visa, and take your $10M and your family with you to another country, then that's a great option.

But it's an option many people don't have. Migrating with your whole family to another country is not as easy as you might think.
Quote:
 
If you can predict the collapse,

You don't need to predict it. It doesn't happen in a day and is obvious to any intelligent person.
Quote:
 
move before it happens

You can holiday anywhere you like with 10 million dollars.
Quote:
 
obtain the necessary visa

Does every country now require a visa? also all those refugees in Europe have visas don't they.
Visa requirements for Australian citizens
Lots of great place to visit and stay VISA FREE.....
Quote:
 
and take your $10M

Really? which banks here have international branches................None according to you?
Quote:
 
But it's an option many people don't have.

Yes dumb property investors.
Quote:
 
Migrating with your whole family to another country is not as easy as you might think.

I have already Migrated and lived overseas and it was quite enjoyable. In many ways Australia is a cultural wasteland but you would to have lived overseas to understand this.

Living in a society that is collapsing is easier to you?

Lots of silly arguments.....From Khaderbhai




Edited by Simon_S, 10 Jan 2017, 02:38 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Simon_S
10 Jan 2017, 02:22 PM


Lots of silly arguments.....



Couldn't have said it better.
Simon_S
10 Jan 2017, 01:49 PM
Banks collapse over night catching everyone unawares?
Posted Image
Edited by Trollie, 10 Jan 2017, 02:39 PM.
Profile "REPLY WITH QUOTE" Go to top
 
stinkbug
Member Avatar


If a massive meteorite ever strikes the earth causing global and life ending levels of destruction, my property will probably lose value.

As a result, I should probably use this as an excuse to buy a new iPhone, go on a holiday and invest in myself by buying designer clothing. Because, like, YOLO, totally...
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

Profile "REPLY WITH QUOTE" Go to top
 
Simon_S
Member Avatar


Trollie
10 Jan 2017, 02:37 PM
Couldn't have said it better.

Posted Image
For you they do because you are to stupid to see it coming....LOL


stinkbug
10 Jan 2017, 02:41 PM
If a massive meteorite ever strikes the earth causing global and life ending levels of destruction, my property will probably lose value.

As a result, I should probably use this as an excuse to buy a new iPhone, go on a holiday and invest in myself by buying designer clothing. Because, like, YOLO, totally...
LOL.......Think of all that sacrifice and time you wasted at work paying off your PPOR.

Edited by Simon_S, 10 Jan 2017, 02:44 PM.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create a free forum in seconds.
Learn More · Register for Free
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