but you dont believe there is any impending housing collapse timo, or you would take my offer of a bet on the subject.
So what bet are you proposing Piggy? A fiver from each of you?? Or your life savings 'n super 'n housing equity against Timo's??? ... 'N over what timeframe?
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
So what bet are you proposing Piggy? A fiver from each of you?? Or your life savings 'n super 'n housing equity against Timo's??? ... 'N over what timeframe?
$100 to charity and the loser admits defeat and leaves the forum forever. terms are a 40% percent price reduction nationally from todays values according to rpdata
I am the love child of Tony Abbott and Pauline Hanson
As you've said before Blondie "None of us have crystal balls."
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.
Herbs, I have seriously asked my parents .....& my inlaws to consider writing a friggin memoir about their experiences in property investment over 40 yrs. They all come from European countries, & came here with zilch, not speaking a word of English.
Despite their personal adversities they sucessfully managed portfolios worth millions, no property managers,. My father started out with a lot of debt.
No, they all refused, "we are nothing special" they say . I say bullshit.
My siblings , me & my husbands family have only followed & topped it up with a lot of their input. I come from a family that cooperates generally well, we value in helping each other.
I credit them to what's been achieved today.
Yes I've had lots of help, not everyone one gets a block of land on their 18th Bithday, I could have sat back & been a princess but Ive had the interest to get involved to make the $$.
I know we are not the norm, but I've never lost the joy with investing & fashion. I know some will be envious, ....even jealous but as I've already divulged Ive had some crappy moments in my life.
Most of who I associate with do have their heads screwed on. You have the opportunity, well you use it to your advantage...
It's not instant wealth, it's a process of planning it right.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ 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.
$100 to charity and the loser admits defeat and leaves the forum forever. terms are a 40% percent price reduction nationally from todays values according to rpdata
Why leave the forum forever.? Timo must get under your skin hey Tigerlilly ...er i mean Timmy. Sorry its pig iron isnt it....its just youve got so many socks and a name change on this forum the leave forever part wouldnt quite work .
$100 to charity and the loser admits defeat and leaves the forum forever. terms are a 40% percent price reduction nationally from todays values according to rpdata
Looks like Chris Joye, quacks like chris Joye.....Chris Joye!
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
The price rally reduced risk around investment property mortgages in the short term, but UBS frets that an unemployment shock will lead negatively-geared landlords to flood the market with houses and apartments for sale.
They are bailing already, especially in SYD I would bet. Easy come easy go and at some point investors will gladly suffer big losses to get out from under that mountain of debt. Of course if property had have doubled in price over the past 7 years, like we we were all promised...
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
Why leave the forum forever.? Timo must get under your skin hey Tigerlilly ...er i mean Timmy. Sorry its pig iron isnt it....its just youve got so many socks and a name change on this forum the leave forever part wouldnt quite work .
Exactly ! Timmy has started looking for outs!
Talking up investment property & not even owning one must take its toll.
He clearly wants to retire pig iron, made himself look like a cockhead to many times I'd say!
Why leave the forum forever.? Timo must get under your skin
i couldn't care less about him, it's just a game to me.
mango66
7 Oct 2013, 07:13 AM
hey Tigerlilly ...er i mean Timmy. Sorry its pig iron isnt it....its just youve got so many socks and a name change on this forum the leave forever part wouldnt quite work .
tiger lilly was never me. alex could probably confirm this.
yes i changed my screen name, which changes the name on all previous posts - it's in no way sock puppetry. "so many times"??? i changed it once, is one a big number for you?
doubleview
7 Oct 2013, 10:44 AM
Exactly ! Timmy has started looking for outs!
if you want me gone why won't one of you take my wager??? otherwise i'm not going anywhere.
i think it's because deep down you fools know housing isn't going to crash the mythical 40%, and you are all so strapped for cash you can't even risk $100.
i think it's because deep down you fools know housing isn't going to crash the mythical 40%, and you are all so strapped for cash you can't even risk $100.
Steve Keen has a bit to answer for re his 40%
Piggy, this 'fool' factored in 30% as a worst case scenario for his Brisbane property at the height of the GFC - Allowing for forced sales. And decided to hold.
Of course, I didn't have to worry about losing my job I guess - As I didn't have a job back then! (Though I had no mortgages either; And I had cash in bank.)
Anyway, what we've actually seen here has basically been a flat market for 5 years. During which time I've increased my cash in bank by about $230K. (I got lucky and picked up a bit of work for a while.)
Of course as part of that basically flat market, some properties certainly dropped 10% and 15% - Two of my own among them - For a time.
Low risk - well hedged risk anyway; Slept well at night; No harm done - And now I'm thinking of having a bit of a 'punt' again. From an enhanced cash position. Don't see the problem meself?
Though for others the story will be different of course - Better for some and worse for others I fully imagine ...
PS: Anyone with a heartbeat knew strange things were afoot by 2006. So when the GFC blew I wasn't going in totally blind and had no real probs coming up with a bit of an overall 'game plan' - Knowing I wasn't too bright, I set myself a benchmark for 'success' of coming out the other end of the debacle not losing any more than 20%. And to date I've done rather better than that - Up about 10% I'd say? So no grizzles here.
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