we can see your northern beaches area of many years ago...
Ted, house prices in Sydney are booming right now, and the Northern Beaches is no exception.
Prices are up very strongly since you sold your house in early 2012 (and even more strongly since I bought between 2005-2009).
And this boom is just getting started. Sydney prices will be up another 30% by the end of 2015.
Gold has crashed since you piled into gold in early 2012 and went to live in your brother's shed.
When you first joined this forum you told us gold was going to boom and house prices were going to crash.
The reverse has occurred.
You made a bad call. You need to face up to that.
I did not pile into gold as you like to say, there is much more to be made elswhere , like I have shown you all before. house prices have risen on record low interest rates, you northern beaches area has gone backwards, for years on end, yet you cannot admit that, they will rise on record low rates for a while and then collapse back down like they did from many years before and like after the 2009-2010 interest rates dropped I showed everybody in the prior post. they are simply living on borrowed time, when you learn how a real economy works and functions ,you will come to realize this. the long term sustainablitiy is over for good, gone. remember evrybody evrywhere else ,thought it could not happen also, but like you they are wrong, they had no real understanding of how things work and did not know they were living on borrowed time, or is that money, or both. we are headed down the same path as the US just a few years behind like always ,helped also by the mining boom that has now collpased.
This economic collapse is still in the very early stages , fed now only on borrowed money and emergency low interest rates and I guess borrowed time.
But what would you know apart from the path of a mindless sheep who simply follows the herd like most people in this world.
I'm not sure about bankruptcy, but we used to say that 80% of new business will fail in the first two or three years. Many of those will pull the pin and resume life as an employee before they get to the bankruptcy stage, but in essence your mate is close to the money.
A lot of people have romantic dreams about their own coffee shop or restaurant or whatever. Small business stops being romantic when your spending time cleaning the dunnies in the restaurant and ensuring rodents don't get into the produce.
It's money that causes problems. Either a lack of it, or poor control, or failure to collect it from people they have sold goods or services to. Most successful small business owners have at some point come close to the edge and learnt from that experience. I take my hat off to the good ones, they deserve every dollar that they have earned.
We don't teach business principles in school in this country unless you get a degree, which is a shame, so most people know nothing when they start a business, or else they are over qualified. I believe that Centrelink run small business courses and they're probably useful.
It's not just controlling the costs, debtors, creditors and cashflow either, there is so much compliance required by the government.
You need (NSW) to register a company (in most cases), pay ASIC an annual review fee, register for an ABN with the ATO, track and pay PAYG and GST (usually each quarter for a small business), register with a superfund so that you can put super contributions for employees not otherwise allocated somewhere, pay super contributions each month, obtain and maintain workers comp insurance and calculate and pay payroll tax (if you wage bill is a certain level), annual tax returns and quarterly provisional tax.
These are independent of any industry specific requirements that pretty much all businesses have and in addition to any other personal structuring (such as the use of family trusts to hold shares).
So the average Joe with a cafe has to be across all that before he makes his first $3.20 coffee. That's hours and hours work before he even needs to worry about the fit-out, saving 6 months bond for the commercial premises, stock control, cleaning the dunnies, employees pilfering, marketing and paying the rent.
I'm just glad some people choose to do it.
Yes it's a tough gig.
If you go to the cafe/coffee area in your city you will quickly notice that some flourish while others next door continually fail and change hands.
The simple reason is management. Only a few can do it well, probably 5% to 10% at best. The quality of the head chef is so important, that can make or break a restaurant. Chefs are not well paid, but quality head chefs are treated like gods, and in the kitchen they really are God.
Any expressed market opinion is my own and is not to be taken as financial advice
House prices are much cheaper in 2011 and 2012 after our bubble up in 2009-2010, and the same will happen again but worse after another bubble up in some places. yes gold has had a pull back, but mainly from sheeple thinking that the US is in some sort of recovery, or that it can improve, like bernanke bs about tapering and the like. I guess I have underestimated the amount of gullable people in the world to some extent, the uneducated. I still own realestate, I would have sold evrything but dont have evrything tied in the one basket like most sheeple. most of you own debt ,not realestate, you own a fraction , the bank owns the rest. and the majority of bulls on here pay interest only , like shadow, timmy, peter and franky. thats becuase after taking out interest rates , council rates ,water rates , insurance rates , repairs and maintenance and taxes , there is not much left, infact they usually also negative gear and end up paying money out of there own pocket just to keep it afloat under the impression that prices will double evry seven years. they make out like they are doing well, but all of them seem to live on this forum. is that becuase ,your not so wealthy and cannot afford to do anything else or just becuase your lives are so miserable you have nothing better to do, it really does say a lot.
anywyay, I have to go out for a while so I might come out and play a bit later, I know you will all still be here, just something else to have a little think about.
A bit of a pull back? It's down 25% since you said it would only go up and up and up. It has lost a quarter of its value. If house prices fell 25% you'd be calling that a crash!
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guess I have underestimated the amount of gullable people in the world to some extent, the uneducated
Damn those gullible fools who avoided the gold price crash while holding onto their appreciating houses!
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I still own realestate
Sure you do. That's why you live in your brother's shed. Maybe you own a bit of the shed... can you claim ownership of the boards you nailed up to stop the leaks?
Right before the gold price crashed you told us you sold your Sydney home, put the proceeds into gold, and were now living in your brother's shed.
You said Australia would be in the greatest gold rush ever by now and gold would be at $2000 in 2012 and hitting $5000 next year.
What went wrong?
I purchased some in early july 2012 ,a mere fraction of my debt free wealth,when the dollar was closer to 1.10 us, and paid $1465 aud from memory before it rose up to $1800 an ounce. I have shown you guys plays in silver gicing you the low on the exact day on june 26th this year, given you share price on the very day of the exact low for the year before rising 50%, and only last week gave you all a share that rose by 20% in one day , the following day, or maybe it was two days later, yet your house price has been going backwards for years and you keep jibbering and showing us graphs that have nothing to do with your area , why becuase your area has performed dismally to say the least , you know It, I know it and so does evrybody else after they were shown. You refuse to acknowledge the facts shadow and try and post your conyinual and mindless smoke screen of some braod area apart from your own , just think why that is for a moment. you spend your life on here , if real estate is going so great , what is there to try and prove, cant be going so ghood if you are always tring to prove something, same as frank castle, none of you are wealthy or neither of you would life one here trying to prove something and telling us how rich you might be some day ,all the while your properties have not only performed dismally but gone backwards. sorry girls but I really do need to go out now , like I said , I might come and play later this afternoon .
You said it would hit $2000 in 2012 and $5000 in 2014.
It has crashed to around $1400.
Sydney house prices are currently at an all time record high and forecast to keep rising...
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Sydney property prices will boom by 15-20 per cent in 2014, leading an accelerated national housing recovery, according to a forecast released today.
Parts of Sydney expected to record price rises of greater than 15 per cent include the inner west, eastern suburbs, upper north shore, northwest Sydney, western Sydney and the northern beaches.
A bit of a pull back? It's down 25% since you said it would only go up and up and up. It has lost a quarter of its value. If house prices fell 25% you'd be calling that a crash!
Damn those gullible fools who avoided the gold price crash while holding onto their appreciating houses!
Sure you do. That's why you live in your brother's shed. Maybe you own a bit of the shed... can you claim ownership of the boards you nailed up to stop the leaks?
I never said gold could not have a pullback, I dont any apart from a few coins, I cashed out of what I did have and posted about it, there is much more to be made elsewhere as I have shown and proved .
realestate has crashed in many areas, look at the gold coast, down 50-60%, is that not a crash, much bigger than the 40% I hear about, like I said , why stop there. So that 2.4 million manison on the gold coast is now only 1 million, I have that and more in cash ,not debt, my ip now has less than 40k owing. so to purchase that 2.4 million place on the gold coast that is now only 1 million,would mean I just saved myself 1.4 million. or am up 1.4 million. See prices have crashed , just has not hit evrywhere yet and more than some 40% bs, is that some bull fantasy ,hoping they will only go down 40%, I noticed clontarf in your area went down 20% last year.
Now Im off to the shower , I have a lunch appointment, what are you having for lunch shadow, baked beans on toast with some more forum jibber, thought so, nothing new there, enjoy.
I never said gold could not have a pullback, I dont any apart from a few coins
LOL, your story changes with each new identity.
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what are you having for lunch shadow, baked beans on toast with some more forum jibber, thought so, nothing new there, enjoy
I love beans on toast, and forum jibber.
But it's a nice day and the sea looks very inviting from here, so I'm probably going to jog down to the beach for a swim now, and when I get back I'll make myself some lunch.
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