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I bought a Brisbane home and regretted it - I was trapped in hell; What a sucker I had been, thinking that happiness lay in home ownership
Topic Started: 19 Aug 2013, 01:27 PM (29,800 Views)
Shadow
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Evil Mouzealot Specufestor

miw
19 Aug 2013, 08:31 PM
we will be waiting 6-10 years for a rezoning before that potential can be realised
I expect to be waiting for a decade too. Meanwhile I've got my eye on the house next door in case it ever comes on the market...
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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miw
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Shadow
19 Aug 2013, 08:37 PM
I expect to be waiting for a decade too. Meanwhile I've got my eye on the house next door in case it ever comes on the market...
Same here. Unfortunately I blinked and we missed it. I was fucking livid.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Ned Flanders
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peter fraser
19 Aug 2013, 08:29 PM
Someone earlier said that she sold out with a slight profit. I don't know the lady so I've taken that information at face value in the absence of information to the contrary.

Not so bad for a fool who should have taken advice from others on this important purchase. Had she done that she may have taken a handsome profit.
If true, sounds like she found a greater fool. Maybe this particular apartment can be part of a series of articles that can be run every 6 months as greater and greater fools pay more and more for it.
------------------------------
" ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility."
- Alan Glynn
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mel
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who could possibly ever regret buying in Brisbane? this woman is full of shit. :D
Edited by mel, 19 Aug 2013, 08:48 PM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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peter fraser
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Ned Flanders
19 Aug 2013, 08:42 PM
If true, sounds like she found a greater fool. Maybe this particular apartment can be part of a series of articles that can be run every 6 months as greater and greater fools pay more and more for it.
I don't know and neither do you, you are speculating at best.

What we do know is that she is a fool and she is unlikely to have gotten any smarter in such a short space of time.

People who are stupid have to own their stupid decisions. she can't outsource blame, it's hers to keep.

You are trying to infer that buying property is a mugs game. It's not, but mugs do buy. refer back to the initial post.
Any expressed market opinion is my own and is not to be taken as financial advice
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Aaron
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19 Aug 2013, 02:51 PM
Lucky she didn't buy this haunted house in Indooroopilly.
I would buy this house in an instant if I had the money.
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Aaron
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I would buy the house if i had the money, fit it out with sound insulation and enjoy the following peace and quiet, a few grand can make all the difference.
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Catweasel
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Shadow
19 Aug 2013, 08:11 PM
No. The mouse who bought a decade or two ago for $500K when the block had only a freestanding house on it now owns a block of land holding many apartments worth $10 million.
Catweasel think a mouzealot getting a confused.

Apartments been around since a 70s.

Never the freestanding house.

Positioned on some of most the expensive land in a New Zealand.

On a Golden Mile,

with many of a richest the people in a New Zealand.

Developer would be a salivating to build the multi-multi.

But it the cannot.

At a price.
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Shadow
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Evil Mouzealot Specufestor

Catweasel
19 Aug 2013, 09:20 PM
Catweasel think a mouzealot getting a confused.

Apartments been around since a 70s.

Never the freestanding house.

Positioned on some of most the expensive land in a New Zealand.
You're lost again. The discussion is about Australian land with potential for higher density development later (within a decade or two), versus buying a unit on an already developed block. The person who owned the land prior to high density development has far better potential for profit than a person who just buys one of the completed units. Sorry, I should have remembered you can't follow these discussions, I'll try not to engage with you again.
Edited by Shadow, 19 Aug 2013, 09:46 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Catweasel
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Shadow
19 Aug 2013, 09:37 PM
You're lost again. The discussion is about Australian land with potential for higher density development later (within a decade or two), versus buying a unit on an already developed block. The person who owned the land prior to high density development has far better potential for profit than a person who just buys one of the completed units. Sorry, I should have remembered you can't follow these discussions, I'll try not to engage with you again.
Catweasel say can mouzealot point to land where mouse can do this?

Of the course it can.

But mouse can also the benefit beyond its wildest the dreams by owning apartment or house.

Without buy a off-the-plan.

Catweasel remember South Africa white shoe refer to apartments as "the shitters."

Because not worth the anything.

In white shoe eyes.

And that probably close to mouzealot.

But it not the think lateral.

But it not to be afraid.

Because it not the know.

But it would think white shoe would know.
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