I don't understand why the property investment community is so negative here? Nearly every thread I have read on this forum seems to be a warzone, and this one is very provocative from the outset. Can someone explain this to me please. My husband and I are considering an investment property as a retirement vehicle because Brisbane prices seem very attractive but are we missing something about the venture?
If you're looking for gentle, helpful content, go look at somersoft.com.au forums. This place is about arguing and debating rowdily.
Skullface, It has not changed, the ridicule of those who believe in the magic of bricks & mortar.
Those who are doing well, know the why, when & how.
In 1970, my father was streets ahead of the sheep. When he started out he needed the bank support,you need $$ to begin the property groove. He worked long hours, did 2 jobs. Was constantly taunted by mostly the Aussies being called the "stupid sauerkraut, come to the pub, take it easy mate, why do you work so hard you greedy bastard?."
First & foremost he had to learn English quickly..it would have been hilarious when my parents met because mum spoke Slovenian & Dad is Swiss, but hey they got it right
Guess who is having the last laugh ..
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Skullface, It has not changed, the ridicule of those who believe in the magic of bricks & mortar.
Those who are doing well, know the why, when & how.
In 1970, my father was streets ahead of the sheep. When he started out he needed the bank support,you need $$ to begin the property groove. He worked long hours, did 2 jobs. Was constantly taunted by mostly the Aussies being called the "stupid sauerkraut, come to the pub, take it easy mate, why do you work so hard you greedy bastard?."
First & foremost he had to learn English quickly..it would have been hilarious when my parents met because mum spoke Slovenian & Dad is Swiss, but hey they got it right
Guess who is having the last laugh ..
I thought you were leaving? Why are you still here? Go away, idiot.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
Rental returns in the Australian residential property market are highly unattractive. Anyone in the market with two brain cells knows rents track wages, not house prices – that is, rents wont magically ascend to match what some clowns chose to pay for a property.
We still have a sufficient supply of greater fools to sell to. The smart money has already sold down unattractive properties, repaid debt and is funneling accumulation into cash or quality commercial property. Nothing else looks remotely interesting.
The Rent v Buy equation wildly favors renting. Only a fool would ignore the fist-fulls of money the negative gearers are prepared to give tenants.
that is, rents wont magically ascend to match what some clowns chose to pay for a property.
And they wont descend to what some smarter than you LL paid 5 -10 -15 -30 years ago - rinse and repeat.
Quote:
We still have a sufficient supply of greater fools to sell to.
and we still have a sufficient supply of greater fools to RENT to
Quote:
Only a fool would ignore the fist-fulls of money the negative gearers are prepared to give tenants.
Only a fool would ignore the fist-fulls of money the tenants are prepared to give positive gearers
See what I did there?
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
I don't understand why the property investment community is so negative here? Nearly every thread I have read on this forum seems to be a warzone, and this one is very provocative from the outset. Can someone explain this to me please. My husband and I are considering an investment property as a retirement vehicle because Brisbane prices seem very attractive but are we missing something about the venture?
Yeah. People are passionate about the subject for different reasons. Some people are trying to justify their actions in the past and some are railing against reality in the hope that they can change reality rather than deal with it.
If you sift through the emotion with the attitude that "it is what it is" you can find some useful info though.
In my view there are some pretty reasonable opportunities going in Brisbane as of right now. Something with good bones and a very short commute to the CBD and a gross yield better than 5.5% is easily findable. I've seen some with better than 6% after discounting from Carindale out towards Mt. Gravatt.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
Who did that silly graphs with medians with averages. Average wages are higherso that completely distorts the results.
People buy house with incomes silly billiy - not a single wage.
You could be making some very poor decisions based on this pretty shonky data Moops
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.
Household income isn't a single income. House prices are at least double.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
Household income isn't a single income. House prices are at least double.
Moops you can cry into your mama's skirts about what people have done to increase their incomes all ya want, but it does not change the incomes people are buying houses with today. Nor does it change the fact that the houses people buy today are very similar with respect to income as they were when your Mummy and Daddy bought.
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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