Forum Replies Created
Why are car parks expected to achieve captial growth ? There is not much you can do in the way of captial improvement and you seem to be locked into a market where you can’t differentiate your asset from the other couple of hundred around you.
I am genuinely interested in answers.
Originally posted by jusmcf:add 10-20% capital growth p.a. to the net rental yield – that’s attractive
Guaranteed ? Where do you get the 10-20%pa forecast ?
Originally posted by Baloo:Guess my assumptions led me astray.
Kay, Derek. I hear you and understand. As I said earlier, I guess my assumptions were incorrect. No drama here nor do I see it as a negative.
Originally posted by Monopoly:Baloo – Excuse me???
Are you asking whether management expects forum members and/or moderators to be prodminantly CF+ investors??
Jo
No, I was stating that I assumed that the mgmt (Admins, Moderators) of this site were infact CF+ investors.
I believe that they are only liable for the outstanding rent as long as the asking price is the same. If they pay $200 per week now, you can ask them to pay the remaining rent/advertising costs as long as you are advertising for the same amount or less.
OK, apologies if my post offended but I am still surprised that no one else saw the irony of a Moderator of this renowned CF+ Forum/Site, asking the same question that many naysayers of the CF+ theory ask.
It wasn’t intended to be a personal shot at anyone and neither do I believe Moderators can’t ask questions or are investment experts. But this is a CF+ forum so I truly expected the mgmt of the forum to be proponents of this method of investment. Guess my assumptions led me astray.
This has been a CF+ forum for as long as I remember. The most basic question has always been “Where can I find CF+ Properties”
I am bemused to see that even the Moderators now need to ask this question in the current market conditions. Doesn’t say much for inexperienced investors who have recently been drawn to the site after reading Steve’s latest book.
ok.
my ‘frowning’ of the meaning was because the thread was started by someone who is thinking of going into the market but was wondering about the timing. I felt the response by you and DD implied it was either “Buy Property” or “Do Nothing”, there are no other choices and if someone isn’t buying property then they are doing nothing.
I hope I have cleared up why I latched onto that thinking and spoke against it. I have no further desire to discuss this side issue in public anymore. PM me if you feel the need to continue it with me.
Jo,
It was the ‘navel gazing’ & ‘doing nothing’ comments that I felt were presumtious.
DD,
I’m not sure why you think I cried foul. I’m stating my case about the market and how I see them. The only issue I raised was with the assumption that anyone not actively adding property now is doing nothing.
Back to the initial debate. The reasons I have chosen to put a hold on purchasing properties now are:
* In general we are seeing prices flatten
* In many areas we are seeing prices reduce
* Interest rates are starting to rise off their record lows
* Media hype has shifted from boom to gloomAnyone that has even the most basic understanding of investments cycles can see we’re at the end of big property boom. But if you are knowledgable enough of the market that you are confident of still making money in these conditions, then good luck to you.
But I really don’t think it’s a wise time for a novice to enter.
No offence taken at all. I just sometimes find it difficult to have a rational debate on facts, opions and thoughts when one side of the debate decides to make assumptions about the othersides actions.
I think it’s a bit presumptious to assume people who believe we are heading into a very flat and/or negative residential property cycle are sitting around contemplating their navels. Without making presumptions of what others are doing, I can tell you residential property is only a part of my investment portfolio. It’s a part that has worked very well for me over the last 5 years but it’s time to reduce it significantly as I see the boom is over.
Thinking that it’s always time to buy is a bit risky. There were a lot of people saying the exact same thing in April 2000, the month after the dot.com crash happened. Sure, there might be some choice pieces there, but I am confident most places can’t be bought cheaper in the near future.
Again, my comments are about how I see the market and are general in nature. I have refrained from making presumptions about people who take a differing view on the matter.
oh, and Jo, using CAPS is considered shouting. If your intention was to shout those words out, then thanks, but my hearing is more than fine.
The one difference between now and 2 years ago AR is that we are seeing a softening of the market at large and a reduction in prices in some areas.
Add to that rising rates plus the media flip from boom to bust and I would say the situation is very different now. While I see prices falling, and it’s only been a couple of months of that, and with the prospect and rates rising, I for one am willing to bet my savings on a time within the next 3 years where I will be able to purchase more with my funds.
My thoughts of when to buy would be when you see the prices rising again. It’s way to difficult to pick the bottom of a market when it’s going down. The safest time, IMHO, is when you see them start to swing up again. You may pay 2-5% more than you could have a couple of months earlier, but at least you know the asset is starting to appreciate.
As for buying now, I really think the market is too unstable right now. It may stablise, it may go down, it may go up. No one knows so I’ll wait till there is a clear direction. What may seem like a great buy today could very well be a complete lemon in 5 years time. Just ask some of the Docklands OTP buyers in a couple of years time..
I’ve been waiting for Sheeds to return to Punt Rd for over 20 years now. Doesn’t look like it will ever happen.
We need some of the old Tiger champions back coaching the club. Malthouse or Sheeds would be perfect. I’d even be happy to see Neil Balme come across from Eddie’s Egos.
Originally posted by AusProp:I would say that rents are artificially held at about half (perhaps even less) of what a balanced market would set them at.
But couldn’t the same facts be interpretted so that it would indicate that properties cost double what they should ?
I don’t think there is any argument about how unbalanced the property / rental market is right now. It will have to adjust itself, but picking how it will do it, and over what period, is a crystal ball job.
MA,
Without getting into a debate, my post did state there was only one Kay post directed at the thread topic.
Secondly, I am not sure what you mean by anyone being obligated to respond. There is no obligation to respond on any internet forum, especially one where all players are for the most part anonymous.
Thirdly, if you interpretation of a someones post that has no mention of you means you feel they are implying that you are not worth the effort, then I would suggest you need to keep your insecurities in check. But that’s just my interpretation and my opinion, which I am allowed to have.
Has a post been deleted or edited ? There seems to be a lot of Kay bashing in this thread but the only post of hers I see directed at the topic is this one..
Originally posted by kay henry:Just offer a fair price to the vendor. Divorce is nothing to take advantage of.
kay henry
reds = communists = socialists = ALP
Originally posted by The Mortgage Adviser:Baloo,
I was of the opinion Rathbone grew up and played here. My humble apologies.
No need to apologise, but it might be an idea to check your facts before using Size 6, Red, Bold font to try and make a point.
As for Oz stealing players, we have a few imports in the current squad, not only Samo.
Fijians- Lote Tuqiri , Radike Samo
Tongans- George Smith , Mark Gerrard
Maori’s -Jeremy Paul , Morgan Turinui
Sout African – Clyde Rathbone (Rathbone actually capatined the SA Under 21 team)Originally posted by The Mortgage Adviser:All I have to say for all those who were happy to see the ARU turn their backs on Rugby juniors to import expensive League players is….
RATHBONE!!!
Rathbone eh ? What junior development did the ARU do for Rathbone ? He’s another import, South African in fact. His only tie to Australia is his Grand Father. We poached him from SA with $$$$$$
So how would Johns have been different ?
