in stevs second book one of the mappers bought a spare blcok of land and decided to put a dozen shipping containers on it and rent out the space as storage. this in a country town. returns are fantastic..many ways to skin a cat….

peter – i reckon the real money is one step back. ie developing the storage facility yrself and then selling the units off. to me 7 pct return of this kind is a retail investment although may be good in an overall portfoilio is not a great bread winner.

storage is the hot topic though and apparently we are way behind other western countries in…[Read more]

spot on michael.

you know what though – its very very diffiuclt not having things NOW. i too am someone who beilieves in delaying gratification so we dont have flashy things even though we have a high combined income (much the same as you michael).

The big problem is that others (friends and family) become very confused. they know we have money…[Read more]

define quality propety anyone???

and please explain the definition??

the reason i ask is that the concept of ‘quality’ with respect to ‘returns’ in any market – has mostly to do with time in the market…short or meduim or long. country property has caught up to city property. city property will probably go ahead once again, then country…[Read more]

the news yesterday was full of of interesting things about our ageing population….soon us 30 somethings will be forced to save and live frugally. those who already know that will have less problems 20-30 years down the track.

i just channeled gran and she wants you to give the money to charity.

marc – your comments are rarely balanced unfortunatley

the plight of aboriginals around the world is a public forum debate, whats your problem discussing it???

– marc your lack empathy towards minority groups is very interesting.

seems only the well healed escape your critisism. everyone else is weak and somehow to be…[Read more]

another good tip is if your not caught up having this years model – during stocktake sales you can get huge discounts for old models. we bought a bed suite reduced from 4k to $1950. floor stock and last years model….who cares if its floor stock with a scratch ot 2 – after a couple of years it will have plenty of scratches………..

there are plenty of second hand building material yards around. you know the ones where you find second hand doors, sinks, wood, etc etc…

i founds some pavers for 1/4 the retail price..

calvin – you are quite right…good post..

point taken calvin!! although its interesting you found my point more offensive then marks overall point….!!

priorities are a funny thing!

keep rockin

marc – you are ranting. fraud is better than genocide…

we have a lot to answer for

cheers

marsden – no worries…

i would however like someone to define ‘good solid property’ as i too would like one…

anyone care to have a go at what w good solid property is over the next 10-20 years???

marsden – ‘searching corners of the world looking for a good yield is not my idea of sensible long term property investing’.

maybe i interpreted this incorrectly as having a dig at those who have successfully moved around the globe to buy high yielding property that makes good money..

sorry if i cuased confusion….

im getting worse as i get older. few scary incidents so if i can avoid flying i will!!

marc – i see your point regarding ghettos of multiculturalism. you comments make sense ……….however!!!!!

when i see a pole decide to go to a polish club rather than a serbian one i dont see someone who thinks they are better than a serb. although they may reason that they are better amongst themeselves. i just see someone who fears other…[Read more]

like everything, have a balance! – resources are riding on China’s back at the moment – but who knows what could happen there if they have a credit squeeze, political upheavil etc etc. some would argue there is already a bubble or atleast to much emphasis on one factor (china) to be a relatively risk free investment..

short term ok but 2-3 years…[Read more]

marsden – for me property investing is like any investing and if that means going off shore then so be it!!.

i have shares from around the world so why not property…

being SENSIBLE might lose you money!!!

be careful when using well known chliches like ‘only invest in ones backyard, dont invest int he country side, only buy a place you…[Read more]

so marc 1 – you reckon the japanese consider there culture to be more superior. if any culture really believes this then they are shortsighted and far from as developed as they may think…

they are a bad example and im not sure why they were used in the first place…

i believe you are trying to define rascism by saying one culture is more…[Read more]

marc 1 – is there any significance that you only refer to koreans….what about other nationalities??? do they have the same problems as koreans or do the japanese and koreans have a unique relationship???

btw i thought koreans and japanese were of the same race. so this could be more of a cultural/historical issue rathan than rascist one!