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Finger pointing starting over who has pushed the bubble to the brink; SMSF lobby says don't blame us! Blame NG!
Topic Started: 6 Oct 2013, 02:43 PM (3,128 Views)
Timo
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Let the finger pointing commence! The prime culprits who will be under the microscope for devastating Australia with the impending housing collapse get in early with some finger pointing to shield themselves from the blame yet to come..


http://www.brw.com.au/p/investing/blame_negative_gearing_for_property_sgy7Nn9SIhPuFdH4MKQtXM

After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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Perthite
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Nice link.
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dave
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to be fair, they're right
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Perthite
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dave
6 Oct 2013, 03:45 PM
to be fair, they're right
Indeed, that stat on leverage is damning.
Edited by Perthite, 6 Oct 2013, 03:49 PM.
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Sober
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Perthite
6 Oct 2013, 03:38 PM
Nice link.
Indeed, that link does offer a good demolition of any argument that SMSF-purchased residential properties represent any significant factor in the recent run-up of house and unit pricing.

$17B in SMSF residential real estate assets is a very small drop in the overall bucket, and unless it is entirely concentrated on the Sydney market, has little or nothing to do with recent residential price movements across the country.

The only valid concern about SMSF property investment, under current rules, is the loose, generous, and potentially rortable treatment of SMB owners holding their commercial premises through a personal or family SMSF.

The rules for SMSF residential holdings are much tighter, and shouldn't raise any macroeconomic difficulties.

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Massive
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Interesting if the comments about majority of landlords being lower middle income earners are true ...

hammers home where dumb money is right now if its true ... Wheres the smart money ? My bet is its probably focussing on taking its share of interest payments of the sheeples leveraging up on IO IP's ... Its been one of the easiest sells of the decade , sponsored by all your favorite renovation TV shows ..
Edited by Massive, 6 Oct 2013, 04:15 PM.
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stinkbug
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Sober
6 Oct 2013, 04:03 PM
Indeed, that link does offer a good demolition of any argument that SMSF-purchased residential properties represent any significant factor in the recent run-up of house and unit pricing.

$17B in SMSF residential real estate assets is a very small drop in the overall bucket, and unless it is entirely concentrated on the Sydney market, has little or nothing to do with recent residential price movements across the country.

The only valid concern about SMSF property investment, under current rules, is the loose, generous, and potentially rortable treatment of SMB owners holding their commercial premises through a personal or family SMSF.

The rules for SMSF residential holdings are much tighter, and shouldn't raise any macroeconomic difficulties.
Completely agree, SMSFs are a non-event.

I'm not even convinced housing is in bubble territory (as I've said several times recently), and so far no-one has offered a sensible argument as to why it could be.
---------------------------------------------------------------

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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themoops
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Massive
6 Oct 2013, 04:13 PM
Interesting if the comments about majority of landlords being lower middle income earners are true ...
It makes sense. Because you'd have to be a two bit fucken moron loser to think you're king shit for riding this sick ponzi scheme.
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.
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Blondie girl
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Hey timo

It's an interesting article, butt remember this honey buns, those who think short term, wanting a quick fix really give the experienced investors the shits.

Initially, you use the banks, yes they use you butt its a method to get the investments going. Yes you use the sytem to the advantages that it's legally set up. It's not just how much can I borrow, it's about sustaining. It's using the equity to move on with the monopoly to expand.

It's nothing Einstein but it does require consideration, it depends on how hungry you are timo.

Keep holding your breath for your five finger discount timo.
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.
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herbie
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Blondie girl
6 Oct 2013, 11:21 PM
Hey timo

It's an interesting article, butt remember this honey buns, those who think short term, wanting a quick fix really give the experienced investors the shits.

Initially, you use the banks, yes they use you butt its a method to get the investments going. Yes you use the sytem to the advantages that it's legally set up. It's not just how much can I borrow, it's about sustaining. It's using the equity to move on with the monopoly to expand.

It's nothing Einstein but it does require consideration, it depends on how hungry you are timo.

Keep holding your breath for your five finger discount timo.
As you've said before Blondie "None of us have crystal balls." :re:

Me ole grandad that advised his son-in-law that he'd struggle getting ahead without debt (but would eventually get there) did OK until he eventually messed up; Whereas his son-in-law (me dad) is still poking along quite nicely at the age of 80 never having been in debt in his life and never having especially regretted it.

Though he (me dad) was a Great Depression child. And I'm his child - And me mum's.
Edited by herbie, 6 Oct 2013, 11:38 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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