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The high cost of snake oil
Topic Started: 7 Jan 2017, 10:18 AM (10,286 Views)
stinkbug
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Simon_S
10 Jan 2017, 02:42 PM

LOL.......Think of all that time you wasted at work paying off your PPOR.
LOL... I didn't pay off my PPOR. The tenants in my IPs did. They also pay off my IPs.

Thanks tenants!
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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.

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Trollie
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Simon_S
10 Jan 2017, 02:42 PM
For you they do because you are to stupid to see it coming....LOL
Is this that property crash you've been wrong about for years?
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stinkbug
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Trollie
10 Jan 2017, 02:46 PM
Is this that property crash you've been wrong about for years?
Sounds like Simon_S is confused about whether he's meant to be Chicken Little or Eeyore.

It reminds me of that Stephen King book 'Thinner', except that the crazy gypsy touched him and said 'dumber'...
Edited by stinkbug, 10 Jan 2017, 02:51 PM.
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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.

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Chris
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Sydneyite
10 Jan 2017, 01:13 PM
Not only is she Irish, she also claims to have been an maths/stats professional or teacher of some sort in the past I believe, so no real surprise she shows a detailed knowledge of European historical events.
I think I got her mixed up with the other sock Blondie Girl so some of what I said was wrong.

However, the shesock bangs on about poor decisions but if had of taken the very strong advice given by this shesock over the last 2-3yrs to buy Perth as a good well priced alternative to Melb/Syd I would probably be under water now.

You talk about doomers misleading people then what about Skamy and her assessment of the 'wealthy resource rich' Perth?

Edited by Chris, 10 Jan 2017, 03:17 PM.
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Khaderbhai
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Wealthy Suburbanite

Simon_S
10 Jan 2017, 02:22 PM
It doesn't happen in a day and is obvious to any intelligent person.
Well you're straight out of luck then.

You can take a chance with digits stored on a bank's computer if you want. I'll stick to real property.
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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Simon_S
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Khaderbhai
10 Jan 2017, 03:34 PM
Well you're straight out of luck then.

You can take a chance with digits stored on a bank's computer if you want. I'll stick to real property.
No Luck and not Chance......

You do that.
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skamy
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Simon_S
10 Jan 2017, 02:42 PM
For you they do because you are to stupid to see it coming....LOL



LOL.......Think of all that sacrifice and time you wasted at work paying off your PPOR.
The real stupidity is to really believe that you can predict the future - not even the best economists in the world predicted the GFC in a timely fashion. The doomsters like Keen were like boys crying wolf - they had been doing it for years. They did not know when the usual trends for asset values was going to change for a few years.

However, I can say with reasonable certainty that over 10 years my property in our growing cities will increase in value, and it will provide me with good annual yields on average. I can also say with reasonable accuracy that holding $10 million in the bank over 10 years will not give you good returns.


Are you really as daft as you appear on here ?

Chris
10 Jan 2017, 03:15 PM
I think I got her mixed up with the other sock Blondie Girl so some of what I said was wrong.

However, the shesock bangs on about poor decisions but if had of taken the very strong advice given by this shesock over the last 2-3yrs to buy Perth as a good well priced alternative to Melb/Syd I would probably be under water now.

You talk about doomers misleading people then what about Skamy and her assessment of the 'wealthy resource rich' Perth?
What I have recommended is what was recommended to me and that is to always choose home ownership over rental. Look back over the past 50 years and you will find that the vast majority of people who chose buying over renting will say it was the best decision of their life.

I am trying to drag you out of you doomster cave or at least to shine some light in there, and let you see where all this doomstering will take you.


Edited by skamy, 10 Jan 2017, 04:29 PM.
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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Terry
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skamy
10 Jan 2017, 04:22 PM


However, I can say with reasonable certainty that over 10 years my property in our growing cities will increase in value, and it will provide me with good annual yields on average. I can also say with reasonable accuracy that holding $10 million in the bank over 10 years will not give you good returns.


Can I say with reasonable certainty that you're a puppet Roddy? With data analytics, I think that would be possible.
skamy
10 Jan 2017, 04:22 PM
<br /><br />However, I can say with reasonable certainty that over 10 years my property in our growing cities will increase in value, and it will provide me with good annual yields on average. I can also say with reasonable accuracy that holding $10 million in the bank over 10 years will not give you good returns.<br /><br /><br />
Can I say with reasonable certainty that you're a puppet Roddy? With data analytics, I think that would be possible.
Edited by Terry, 10 Jan 2017, 04:34 PM.
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Simon_S
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skamy
10 Jan 2017, 04:22 PM
The real stupidity is to really believe that you can predict the future -

However, I can say with reasonable certainty that over 10 years my property in our growing cities will increase in value, and it will provide me with good annual yields on average. I can also say with reasonable accuracy that holding $10 million in the bank over 10 years will not give you good returns.
Thanks for confirming how stupid you really are.

Maybe some one will explain it to you but i have little time for Retards......

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Chris
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skamy
10 Jan 2017, 04:22 PM

What I have recommended is what was recommended to me and that is to always choose home ownership over rental. Look back over the past 50 years and you will find that the vast majority of people who chose buying over renting will say it was the best decision of their life.

I am trying to drag you out of you doomster cave or at least to shine some light in there, and let you see where all this doomstering will take you.

I will buy a house as soon as I can afford to, I have never said I don't want to or that I think people shouldn't. What you are stating now is a significantly different position you, BP and others have championed in the last 3 yrs. you have now moved from a 'can't lose' attitude to a 'it will all even out 50yrs down the track' type position.

Of course ownership is better when it comes time to retire but when comparing a rental to a sole PPOR for an OO. But this is not what we're discussing, the wealth you champion is related to property investment and accumulating wealth that way for retirement. You cannot deny there will be people out there who have invested in Perth in the last 12 months that have lost and will continue to lose significant amounts of money on a depreciating liability.

They may take a decade or more to break even and you advocated this.
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