Forum Replies Created
i still dont get it – can someone plse explain
cheers
sis heres what we nees to do
– buy 100 + properties and live of the income because we dont wanna work and in retirement we wont get a pension.
– learn to live with much less than we have now
– live in the mountains because global warming is gonna cause the seas to rise and flood most of our cities. warming will also make it cooler to live in the mountains ie 4- 6 degrees less.
– buy in the southern states because all the northern states will be too hot and the upcoming power shortage in the world will make it too expensive to run airconditioners.
– buy yr ppor near a good public school because you wont be able to afford private school fees on top of yr aircon bills
– wear a mask whenever possible
– be kind to yr grandparents
other than that no need to be paranoid
good luck
so james – i have to work till im 65-75 whilst my father and father inlaw get to retire at 55.
thats doesnt seems fair.
old news gents – thats why beachside properties have taken of, docklands inner city living dvlpment is huge, etc etc because the population is getting older. thats why we gen x’s wont be able to access our super till we are 70 and even then we wont get lump sums
house prices
it depends on whether you think higher house prices are a good thing – pity the first home owners who have a hecs debt and paying taxes for all you guys so you can retire early.
well done jason
but must admit you lost me when you confirmed how much teachers and train drivers get.
they are great wages for any graduate in just abt any profession. starting salaries for accountants, architects, business grads etc etc are much much lower
i know some of these professions with 10 yyrs experience earnign 50-60 k
i never said you didnt work hard or that the job involves stresses but i reckon these pay rates are just fine!!!
who agrees with me that 40k foirst year is damm good!!
hehe
good luck jp – by the way i reckon jenman prob monitors this website so guessing he has read yr comments already.
jp – seems like a contradiction. sounds like there is a rigorous process to become a jenman agent. i was under the impression that this was no the case.
im glad that its so tough to become one.
ps – you cld send him thoughts anononomysly
cheers
i reckon up until a few years ago teachers were underpaid. but know im not so sure. the public sector unions have been far more successfull in getting wage growth over the last few years than the private sector.
the gap between professions such as architecture, accounting, surveying, the law is much less than it used to be.
you wld be surprised how little these proffessions earn and the hours they put in…
seven – what do you do for a crust?
i agree 7 – but what about holidays??
steve – if you can get a hold of last weekends financial review they had an entire segment on property investing in bali….
aparently its gone through the roof in recent months
hope this helps
jp – great comments
you should send these thoughts to jenman and see if he replies.
i must admit to using a jenman agent to sell my mothers house and was fairly unimpressed by the agents and the process. i agree that they appeared to have no special negotiating skills, and infact the process was quite painfull from go to wo.
the worst part was being told at the inital meeting that the house was worth x. but this would not be confirmed until all the agents got a chance to see the house. but the catch is that they wont send out all the agents until you sign on the bottom line.
guess what we signed and 2 days later the rest of the mob decreased the valuation by 30k. to me this was blatant conditioning. the other interesting thing was that i told the competing realestate agents that we were considering using a jenman agent. they said that the jenman agent will quote you abt 10-20 pct abve the other agents to secure the biz. guess what – this happened and guess what – we eventually sold the house for the amount quoted by the other agnets.
having said that – i still believe that there neeeds to be a system in palce to look after the buyer. i agree with jp that it appears the jenman syatem is flawed.
hey jp – tks your reply
its a very interesting discussion but im still gonna give jenman the benefit of the doubt and heres why.
– feeling like its some kind of experiment. the truth is that you probably are. not out of any sinister motive but yes i would think that the process of trying to achieve ethical standards in realestate is one huge experiment.
– with ref to pelicaninvestments who has a good point but i would argue this. lets just say that one day you decided that the industry you were in is rotten and that you felt the need to improve it, make the world a better place (jerry maguire, dead poets society, evry other feel good book, movie in the world) etc etc
you would need to realise the flwng things
– the establishment aintr gonna like it so be prepared to be attacked form every angle.
– you dont have the expertise to run a revolution so your work is gonna be a work in progress that needs to be changed, revised all the time.
– when you do this your enemies will latch on this as you being false or whatever when the truth is all you are doing is trying to find your way / find a solution.what we shouldnt do is
– give jenman too much credit for being some kind of oracle. i hope he just an ordinary bloke trying to do some good and in the process he is making money. no complaints there.– be too quick to condemn someone who is saying the things that if we are at all honest we already know. that bying realestete can be a mine field for the unanitiated.
when was the last time you stood up for something that you knew would be unpopular (because being popular sometimes aint being truthful) and what was the reaciton of those around you??
to sum up – i blve in the ideals of improving ethics in realestate. whether the jenman system is workable, legit etc im not sure but there is nothing else to hold your hat onto at the moment so im gonna run with it as being a good idea…
hey jp – interesting post. so why is yr company a ‘jenman’ agent. just out of interest do the owners of your company really believe in the system or is it just another marketing tool to get in the masses!!
g’day
not sure how many ip’s are enuf to own. for me its about staying ahead of the pack so that one day i dont have to do a job that i hate. i will probably work till im in my 60’s and beyond.
its funny cause i know a few people who have retired early and its my opinion that not many people are ready for this type of lifestyle.
the other thing ive realised is that some of these baby boomers who have just etired with huge super payouts and huge capital gains on their ppor plus investment properties – they have so much money they dont know what to do with it…..
[^]
you might be on a winner in melton. new govt report talking about huge population growth in the next 10 years. currently you can get a half decent 3 bedroom house for 200-220 k.
wont be positive cashflow but i reckon its still a good investment..
why dont you steal it! [
]hi young investor. i have 2 investment properties and still rent. for the reasons steve, rk have outlined. for me its all about cashflow, good debt vs bad debt and as steve said delaying gratification. after alot of work ive managed to convince myself that its the journey that is most of the fun. i reckon i will rememeber the sacrifices we (my wife and i) have made down the traqck and think it wasnt all that bad.
although must admit my 11 year old car is really giving me the s…ts[:o)]. oh for a nice new car..
the truth is there is neither a right or wrong answer. many children grow up to be great people with or without their parents help. its how you go abt it that will make the difference. if you choose to help them financially with a house it is also up to you to explain to them the reasons you are doing it, your fears, expectations etc etc so that they dont take it for granted, so that they understand responsibility etc etc.
alternatively if you decide not to help them out – in order to avoid resentment, jealousy etc again you need to explain the reasons for yr decision, yr expectations, fears etc etc so they understand they are not being abandoned at that at the end of the day
if they ‘really’ need urgent help – offcourse you will be there to help them.no right ot wrong answer – all abt communication and both parties understanding why these decisions are made.
keep going chan yr almost at the start of financial freedom
congratulations
]
