Interesting link.
www.personalinvestor.com.au/stories1/20030701/19400.aspxCheers[
]11 seconds?
lol
.. As long as people need a place to live, and shelter over their heads, there will always be a need for housing…
As long as there is a need for housing, there will always be a need for property loans…
As long as there is a need for property loans there will always be lenders that compete against other lenders…
As long as lenders are competing and you can find an old but nice property that someone needs to live in you cant go wrong….
..well it sounds good in theory..[
][][][
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)in short forever
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AmitLessons I have learnt along the way and often remind myself of.
Property is cyclical as is the stockmarket.
Things are never different this time.
Because you have made money in a boom doesn’t make you an expert.
Cheers,
Simon Macks
Mortgage Hunter
[email protected]
0425 228 985As long as there are people in the market with more money than sense, or more access to credit.
As long as there are people in the market who don’t understand the Greater Fool theory.
As long as God is in Heaven and all is right with the world, ‘cos ‘bricks & mortar’ always appreciates.
Welcome to the end of history, investment cycles are no more!
Listen in tomorrow for another exciting fairy story!!
Cheers[
]Most people can make a profit in a boom. Only those truly incompetent or at the mercy of con-men will not.
Most “wealth products” can make a profit in a boom. There is certainly no shortage of property investment techniques for sale, with the “owners” of such techniques dribbling out the information to to the public at appropriate times to maximise returns, often many months after the investor really needed it and, usually, many more months after the “owners” have use it themselves and found it no longer relevant or viable.
The products the investor is now buying may already be past their used-by dates for the market they are investing in.
If the time comes when the tea lady, together with all and sundry, are offering “hot tips” for a particular market, it’s time to either get out or batten down the hatches.
Once upon a time a young caveman stumbled on the idea to rent out his cave to a family of cave dwellers…
He thought long and hard…what do I need from life… “Food” and “shelter”.
..with this, he chiseled out a contract on the nearest rock…. “If you bring me a slain bear everyday, you may stay in my cave”..
“well time went by, the caveman, now not needing to work for his food, became very unfit and lazy, he had too much food, and didnt need to work for it…
..so he decided to give some of his food to a nearby cave dweller in return for shelter!…
“I will give you 1/2 a bear a day in return for shelter !..” it was done.
The caveman now has a supply of 1/2 a bear per day for himself and 1/2 for the cave he is renting…. without the need to work for his food!..
Moral of the story…. .. well there isnt one… but I had fun typing this…
Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)..The caveman now has accumulated over 130 caves .. as all the bears that occupied them are dead…. !
[:0)][
]..ok not a nice ending…
Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)arty2003 – im a little confused. plse email me when it comes out on video.
cheers
Great to hear I’m not the only property bear!
Cheers[
]the caveman started writing his story on rocks, and selling them to other cavemen, but they came back and thumped him with the rock because there were no more caves to rent out. it took 11 seconds for the caveman to work out rocks hurt.
Lets hear it for the bears!
Cheers[
]
Lessons I have learnt along the way and often remind myself of.Property is cyclical as is the stockmarket.
Things are never different this time.
Because you have made money in a boom doesn’t make you an expert.
Cheers,
Simon Macks
Mortgage Hunter
[email protected]
0425 228 985Simon,
That is the most sensible thing I seen written on this forum.
A lot of sharetraders learned that lesson not too long ago.
I learned in 1987[
]Cheers Wayne[:0)]
not quite a fairy story but how abt a rhyme
can anyone finish it???
‘there once was a caveman from aussie
who liked to take bets on some propertyBut when he tried it anew,
Everyone else was in too,
How he wished he could have a monopoly!Cheers[
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]The topic ‘How long can property rule?’ is closed to new replies.
