So it has stood up rather better than I'd of thought it would.
At least in part due ta tha effect of interest rate drops since maybes?
'N fully expect apartments could be a somewot sorrier story - But didn't bother ta specifically check.
Yes it's not a crash and nowhere near the 40% expected, but someone will be getting a 20% or 25% discount, but it won't be those who wait to see an upturn in the index for s signal.
Take risks - if you win you will become wealthy, if you lose you will become wise
Yes it's not a crash and nowhere near the 40% expected, but someone will be getting a 20% or 25% discount, but it won't be those who wait to see an upturn in the index for s signal.
Yeah, 6.75% over 2 'n half yrs ain't exactly a whole lot Ta write home ta Mother about ...
Sheesh, remembers tha last time we had 'n even halfways decent correction up in Brisvegas - I dropped about 17.5% in 6 months 'n took maybe 7 yrs of holdin' ta get it back! - LOL
Mind you, I got ta buy a coupla other goodies cheap in that 7 yrs ...
Ah, for 'tha good ole days' ... LOL LOL LOL
Hmmm, 'n that that said (LOL) I reckon me most singularly spectactularly f***up woz becomin' bearish (about 2 yrs before Steve Keen became bearish too); 'N sellin one - Before sayin' I's f***ed up 'n buyin' back in ...
I reckon I dropped anywhere up ta $200K on that cockup - LOL!
How would you quantify the loss on an interest only investor who has seen their capital decline by 6.75%?
It depends on the cash flow. If they have no trouble servicing their loans it's not a big issue, they just have to work through it and they don't have to sell, but if they are cash flow negative it gets hard especially if they have to sell. Then paper losses become real losses.
Take risks - if you win you will become wealthy, if you lose you will become wise
It depends on the cash flow. If they have no trouble servicing their loans it's not a big issue, they just have to work through it and they don't have to sell, but if they are cash flow negative it gets hard especially if they have to sell. Then paper losses become real losses.
Yep, cash flow's a biggy.
Which is why an ole financial non-sophisticate like me has pretty much just locked inta tha thought of always havin' at least 15% of me assets available as 'readies'. (Tho ta back younger family members more than meself as such - Like 'just in case' I means - Wot wif me hav'in no debt 'n gettin' along OK.)
Sheesh, I almost sometimes just maybes half miss that self styled financial sophisticate wot used ta hang 'round here who delighted in callin' me "Jethro" - LOL
Is the bottle empty yet - no problems, you will have another one somewhere.
Teetotal mate, how about you???
herbie
29 Mar 2017, 11:35 PM
Yep, cash flow's a biggy.
Which is why an ole financial non-sophisticate like me has pretty much just locked inta tha thought of always havin' at least 15% of me assets available as 'readies'. (Tho ta back younger family members more than meself as such - Like 'just in case' I means - Wot wif me hav'in no debt 'n gettin' along OK.)
Sheesh, I almost sometimes just maybes half miss that self styled financial sophisticate wot used ta hang 'round here who delighted in callin' me "Jethro" - LOL
I like your style, one day i want to be debt free like you. I dont have much debt, about 7%, but still 0% would be better...
As for the Perth market, I see at least another year of a slow grind down in prices and maybe a bigger fall if deliquencies increase and migration slows further. I know a lot of people who are struggling to balance their books at the moment where a few years ago, they were chucking money around like confetti. It is now widely accepted in Perth by both buyers and sellers, that we are in a falling market. As long as that mindset continues, prices will not be going up. Even Skamy has given up trying to spruik Perth.
Perth will always be almost exclusively a mining town. Not just for the usual reasons; tyranny of distance, massive resources, etc. but because the prevailing attitude of snobs in the Eastern States almost perpetually bars any alternate investment here. Even BHP which is massively present here decides to domicile itself in Melbourne. Barely a single CEO here is actually from Perth and anyone graduating school who wants to specialise needs to go East. Perth doesn't even have a Starbucks (luckily).
However WA has excellent educational institutions and most of the surgeons and specialists you see here are top notch having been through the UWA system. I believe UWA is, or nearly, the top money making "business" in WA. They're making so much money they're having trouble allocating it (as a non profit) hence the sprawl of their campuses and student accommodation facilities (which in turn generate more money). Asian students form lines 50 people long at bus stops on Stirling Hwy each morning.
So, of course, the hospitals are really good but too expensive for medical tourism. I had an operation recently at Hollywood Hospital. The surgeon was world class and the whole process was a minor inconvenience. $500 excess. In the States that would have been $11-20,000 even with insurance. Now that blathering spendthrift Barnett is toast maybe WA can look to some smart infrastructure as opposed to money pits like Elizabeth Quay. I urge everyone to go there and see it. What a disaster.
Rant over.
Wait. Did I mention Barnett was a blithering fool? Oh yeah... covered that.
I've actually published a screenshot of my stock account on this forum listing my holdings and profits to date. So you're wrong. What else are you wrong about? . Are they all wrong too? Now the bulls have taken to emergency fallback strategy #2. The feverish "prices have bottomed" mantra. On what basis? Where's the evidence? It's pathetic.
I never seen that.
Quote:
Unlike any ANY of the Bulls here.
How would you like me to verify my investments?
Quote:
Every RE agent I talk to at home opens admits prices have dumped
Why does a person with an admission of no interest in buying attend home opens? You are full of the proverbial brown stuff mate. Fooling nobody.
My only hope for my three boys is that they turn out nothing at all like Chris.
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