Do you think the world is so simple? may be to somebody lucy man, just as lotto, 1%of million?
Of course it isn’t Julian.
But if you never start you reap what you sow.
Though I will say that I’ve found that if you focus on your goals and think out your strategy with achievable milestones success is a LOT simpler than most people think
I found Rick being moulded by the PR juggernaut quiet interesting. Do others feel that a bloke in a $4000 suit driving a flash Merc has more ceredibility than a bloke in $600 suit driving a 2000 Commerdore. Us Ozzies aren’t that fickle are we ?
Or is there something more to it.
One of the things any presentation book or actor will tell you is that looking the part is more than 50% of playing the part.
I think you’re totally wrong & have a very limited understanding of economics, but time will tell
BTW: Lots of new jobs being created in QLD right now, the idea that uni grads all move to Sydney & Melbourne is factually wrong.
Look at the figures – SE QLD corridor to overtake Melbourne as the second largest population area in Australia over the next 15 years or so….true %-wise unemployment may not change…but the influx of people does mean more in jobs & more looking for property.
As to ‘massive immigration’ – well actually we DO have massive immigration – compare it to immigration levels for all the countries around the world – we are in the top 5 as a % of our population
I don’t consider that the banks are guilty of unethical conduct….individuals may be, but I don’t think you can apply ethical standards to a corporation.
HOWEVER I do believe that if banks engaged in inflationary valuation practices then there is a risk management issue.
How can the bank ensure it’s risk is at the appropriate level if the valuations are inflated.
Shades of NAB – if the risk management policies break down there should be an investigation!
Yes you do still accumulate equity and can borrow against the additional equity in the property even if paying an IO (Interest Only) loan.
The type of loan (IO or P&I) doesn’t affect your ownership of the property. If the property increases in value that CG is yours free & clear!
P&I loans cost more than IO…remember that a dollar saved today is worth quite a few dollars in the future – particularly if it lets you buy another investment.
However there are some property investors who do pay P&I and are quite happy with that approach. They tend to buy low CG/high cashflow properties & generate their own equity by paying down the loan.
Of course with the boom over the last five years even a low CG property can have an impressive increase in value….however in the longer term this may not be the case.
Umm…Well Acey, below is what you wrote in the opening post word for word. Exactly what part of it is constructive suggestion?
All of it Rugbyfan
It could be my own biases, but ‘Top # Poster’ is merely a comment about posting level…not skill level – and it was the discussion of much debate by the community before the moderators selected the terms now used.
I don’t get why you’re so hostile towards another forum though – if you have an issue with the terms used on Somersoft you’re welcome to post the issue in those forums.
As to my comment about whether the post would be left – it has to do with what I was told about the forum by longer-term users of PI. I’m sorry if it was seen as a gibe towards moderators & if I have by my comments upset any of the moderators.
That’s one way to look at it – I know a number of people who do REA courses just to learn the ins & outs when dealing with REAs
However after spending years working WITH our PMs, we’ve found that you get many of the skills without having to go work for someone to get it. And you can lean on the PM when specialist experience is needed.
Maybe most Engineers should start on the floor – but property investors don’t need to start out as Real Estate Agents or Property Managers
Thanks Celivia for the offer of the stars – but frankly I have no idea what they are for either
Rugbyfan – think about your own response – did you over-reactive to what is a constructive suggestion
Kay – I don’t care about my own ‘status’. I write what I think & people read into it what they want HOWEVER I do care very much about ensuring inexperienced people get the right advice!
Leigh, I can’t see where I took a gibe at moderators, must be how you read it. However if you reckon being a moderator sucks then you should probably quit. Being a moderator is a huge responsibility & if you don’t want it, why do it? Deciding to stop being a moderator doesn’t reflect on your abilities in any way.
Back on topic – I’m surprised at the level of controversy from various members – to think that raising two simple points could threaten so many people!
I’ll reiterate the points again:
1) The closed forum (and any other closed forums) needs to have a sticky message that is always visible so that people know why it’s closed & alternate means of responding.
2) Calling people ‘Newbie’, ‘Junior’, ‘Silver’ etal Members imply a level of expertise in property investing that may not be correct. Why not change the titles to something that doesn’t confuse new investors – after all we’re here both to learn AND to help others learn! Aren’t we?
Stars – I have no idea how they work, will check them out now…
The only thing that the number of posts made indicates, is the number of post made.
I’m quite aware of this, being a long-term forum user (not of this forum yet)…but are new people?
And PI seems to attract a lot of new people, vis Steve’s book & TV appearances.
New people may see ‘Junior Member’ and read ‘No idea’ or ‘Silver Member’ and read ‘more experienced investor’ etc
The terminology has to be careful to avoid sending the wrong message. (I have been dealing with usability in websites since ’96)
BTW I went back and looked in the ‘Tell us what you think?’ forum – when I go into it with the standard forum settings (view all posts in the last five days) – I see no posts at all, just a message that the forum is closed.
Now I didn’t think the first time I went in to change the dropdown to ‘view all posts’…why expect a new user of forums would know to do this
Please fix it – with a sticky post closing the forum at the top. This will ensure everyone sees the message.