Forum Replies Created
there will be less cars and more public transport/car pooling in the future. just an observation. im sure if you buy in the right place it will be a pretty good investment.
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 terms of the supply of storage. more and more people are downsizing, moving, divorsing, living alone etc etc storage is on the way up but its gotta be better than 7 pct return.
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 howevever why do we decide to rent and drive a lousy car………things just dont add up…hehe.
the easy answer to that one is that i must be a tight arse!!yet the truth is we are investing for the future and those that know me well know in very generous (even if i do say so myself)
must admit dont mind being the anti – consumer either.(regurlar posters will know im a bit contrarian by nature). good for the soul!!
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 property will catrch up again.
the market is cyclical and if you buy and sell at the right time and have a decent spread to hedge your risk then you wont get caught up in trying to evaluate subjective terms like ‘quality property’…
and the above example only refers to capital gains not cashflow. quality property in terms of cashflow is a completely different thing once again
my 2 cents
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 mistrusted….
generalisations about poor people, aborigines, muslims, etc etc are convenient for you and most people with right wing conservative views. lets just agree to disagree..
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 people and other cultures…
so yes it IS rascist and the europeans are some of the worst (being european myself). i have alslo lived in asia and i see rascisim alive and well between the ethnic malays and the chinese, the koreans and the japanese, the indians (amonsgst themselves depending on cast)..but the point is that its not logical – its all based on fear…
so our responsibility as a free thinking developed coutnry is to make decisions based on the truth rather than fear.
world best practice. worlds best practice in tolerance.
as far as crucifixes and hijab scarfs go – its easy to find contradictions if you look for them – they will always be there and we should do our best to iron them out.
muslims living in australia dont believ ethat western woman are whores because they dont wear scarfs – that is an inflamitory comment. there might be a small percentage who have feelings of resentment to westerners for our freedom and try and explain this by saying we are immoral – but by living in our country long enough they will soon realise this is not the case.
there will always be hardliners whose ideas you will never change whether they be muslims, christians, jews, wogs or skips…
your suggestion that aussies are borderline losers becasue somehow these people are taking advantage of us is ludicrous. try walking a mile in there shoes and see if you still feel like the winner..
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 anything can happen – dont bet the house!!
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 yourself would live in’…..all off these things are cliches which will stop you seeing a GOOD DEAL when one presents itself.
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 rascist than the other. the truth is rascism comes in many forms – some are in your face (legislation, immigration poilices etc etc) and some are subtle/subliminal (general overall belief that ones culture/people are more important than the other)
both are bad and equally as prevalent.
i suggest you watch a documentary called ‘blue eyes’ and see how rascism and prejudice is not necessarliy perpetrated by a man in a hood, but rather by all of us, everyday….
