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Depends on your investment plans and what you can get from your IP. Also fixed or variable?
This thread reminds of a family member.
The radar used is not the first time and won't be the last time. These ships were around 3K a part. Japan is used to these sort of situations with Russia but the main difference is both Russia and Japan would let the other country know by aerial observation. China's foreign affairs and China's military don't have close ties and the incident may not have been reported by the military to FA, thus the lack of response by them to Japan. Definitely think China is testing the waters but this may be playing into the hands of the USA as a reason not to move out of Okinawa. Whilst on the subject of wealth Toyota is posting its first profit in 5 yrs thanks to strong exports and weaker yen.
Just ask the agent what price will seal the deal and see if it is close enough to what you want to pay and worth making a different offer.
Check which companies your property manager or agents use and inquire how they go at getting claims accepted.
They may get a kick back from whom they suggest but they also have to let you know this.
Go over your coverage very very carefully and anything you are not sure of double check.
Remember insurance agents are not there to help you and will probably look for any loop holes not to pay a claim.
Did a similar thing when I had the first ppor paid off. Instead of staying put I grab a cheap international multicountry return air ticket around 1.5K, withdraw around 5K from savings and loaded up the credit card. Decided to see how far and how long 4K would last back packing around various countries before spending the last K travelling around oz. All in all did this for just under 2 yrs and more countries than I possibly thought possible covering a lot of Asia and the Americas from Canada to Central America.
Go out have fun and enjoy the world. Then come back and reevaluate what you want from life.
For those that may ask loading up the credit card is basically putting money into the account to use it as a debit card first without using it as a credit card. This was also a time in the past when debit cards weren't always accepted overseas in some countries and save carrying two cards.
Local Kyushu news, mainly Fukuoka, is highlighting the pollution coming across from China and issuing health alerts for the elderly, those with respiratory illnesses and children. Freckle's there will always be those who can make money in troubled times and most of those are people with positives attitudes who tend to go against the 'norms' of things. Japan may be heading for troubled times but with good due diligence there are rewards waiting in the wings. For me it's time now to stand out in the garden and watch the dolphins play.
Dazz time to update again.
Decided to have a garage sale and only 3 bikes and 9 cars left but plan on letting another 3 or 4 cars go.
Ziv, Terry long time no chat. Freckle, hi and interesting to see your take on a few things.
I've been in the land of the rising sun for too long too remember. How Japan manages to keep rolling along with its financial woes is just sheer amazement and contradictory to how we may expect things to go. How long it can keep going on for is like the question how long is a piece of string. When I first came here it was one hell of an expensive place compared to oz but as Terry has mentioned totally the opposite now. Not going to get involved with facts and figures but like any place Japan is a country you can make money easily whether it be through real estate or other means. Just remember to have an exit plan incase things go belly up.
Terry
Pm sent but will be oz end of GW for about 2 weeks.
Zmagen, thanks for the clarification. Mainly Northern Kyushu for now but will probably change after the next 2 month holiday.
Will send pm with contact details and happy to catch up anytime.kong71286 wrote:What's the purpose of the thread?To determine if there is any correlation between the car you drive and how wealthy you are?
Personally I believe there is no correlation between the two, and that it in the end it comes to personal taste and affordability. Some wealthy individuals will buy more affordable cars, whereas others will buy more expensive luxurious cars.
The car you drive will not determine how wealthy you will become, although it will impact your finances.
How wealthy you are will determine which cars you can afford to buy, although it will not determine which car you will buy.
Read the first post by Dazz for the answer and for myself and a few others it is just a bit of light hearted fun. Most of my vehicles are investments and business tools although some are just junk that I can't seem to throw away. Must be the buy and hold in me that complicates life.
fword, the E63 is a nice car although the Mclaren beats it hand downs for sound. Was a very nice sounding E63 at Tokyo Auto Salon last year which I had the pleasure of giving it a bit of stick much to amazement of other visitors to the event. Definitely the hottest sounding car at the show.
Terry, will try and catch you on skype. Are you coming during golden week? Traffic will be a nightmare.
Heading backwards and forwards over the next few months between oz and rising sun so might be able to organize something.
Would be interested to see any links to any 9-12 blocks for 300K in Fukuoka city.
How long did you spend on the ground in Fukuoka talking with business owners?
Don't want to come across too negative but your views on the current situation in Fukuoka and Kyushu seem a bit different to most reports I receive.Most major retail stores and chains are reporting declines in sales across Fukuoka.
Daimaru department recorded its 6th year straight decline in revenue.
The Japan Department Stores Association released figures for the sales of Fukuoka City department stores for March omitting those of the new Hakata Hankyu at the JR Hakata Station building. Sales for those three stores totaled 16.680 billion yen, a 12.9% drop from the year-before period, and the 32nd consecutive year-on-year decline. Adding the figures for Hakata Hankyu results in a 17.4% increase, however. Meanwhile, total March sales for the 19 Kyushu and Okinawa Prefecture department stores outside of Fukuoka City fell 5.3% from the previous year to 27.351 billion yen, the 43rd straight monthly decline.
The Kyushu Bureau of Economy, Trade, and Industry released its figures for September sales at large retail stores in Kyushu and Okinawa Prefecture. Sales totaled 111.8 billion yen, a 1.3% year-on-year decline and the 26th consecutive monthly drop. Sales at supermarkets and convenience stores rose for the first time in 16 months, however, fueled by the demand created by the sharp increase in cigarette taxes that went into effect in October.
In regards to construction.
There are always large projects under way across Japan but this no indication of a good economy.
The Fukuoka branch of West Japan Construction Surety released its study of trends in public works construction projects in Kyushu and Okinawa in FY 2011, which shows that the aggregate value of the projects during the year fell 11.3% from the previous year to 1.4309 trillion yen. There were 42,869 projects during the year, a year-on-year decline of 6.0%. It was the second straight reduction in both categories. The insurer noted that public works projects in the region have been steadily declining since 1999, with the exception of FY 2009, when there was a stimulus designed to offset the economic downturn.
Next time your heading to Kyushu or Fukuoka let me know would be happy to join you for a walk and introduce you to some business owners to hear what they think of the economy at the moment.
Be extremely carefully if considering Japan. There are many sharks and virtually no protection or recourse.
The general rule of thumb but not always in regards to houses is the following:
Pay 300K for new house;
10years later worth 200K
20 years later around 150K
30 years later knock it down and build another 300K house.You can discount the above rule if a prime location
The market price is controlled extremely well by agents. Who are not required to pass on offers to buy and many of them will just try and pick up the houses themselves to sell the following weekend if they can get it cheap enough. Saw this first hand with my neighbors property. Real estate agent bought it for low price and sold it shortly later after a small reno for around 100K more.
Disclosure like in oz is non existent.Many oz buyers have been ripped off by aussies selling properties around ski fields.
Having said that it is possible to pick up cheap houses but on selling can be a big problem.
Common theme is to go the student accommodation route but as some recently found out the university can up and move to a new location with minimal notice.
Northern Japan is having a big slump post the tsunami and quake with tourism grinding to a halt and quite a few aussie investors feeling the pinch.
Pm me if you want me to go over what you have been offerred and I can either check it out or pass it on to others to let you know if it is sound.
If going to a so called buyers agent get in contact with bonafide customers who have bought in the same area. It is easy to pick up cheap units in places like Kyushu, Fukuoka etc but there are can be ongoing running costs that are extremely high. I've even noticed a spiel about safe radiation levels but no mention of the plant less than 100klms away that leaked water only a few months ago and only 1.8 tonnes of the stuff.
Links below:Bringing this back to life again Dazz:
I've been a bad investing boy and increased the toys.
Now 3 bikes and 12 Cars.
And another property. (Not for parking the cars but for enjoying sunrises and sea views)
Perpetrator,
I'm with you on this. Too many investors appear to be forgetting to enjoy life's little pleasures that property investing can bring.
One of my hobbies is cars and especially those that appreciate not depreciate when structured or bought the right way.Terry,
Can't recall what the LVR was at the time but I do know St.G was chasing business at the time and were very eager to get customers from other banks. Might also find that the Darwin branch might be set up a little different to others and fast tracking and bosses discretion plays a big role.
wezwaz,
During my uni studies I spent 6 months as a semi pro gambler at a casino and was able to make a nice tidy sum. I stopped after I acquired the amount that I had set to win. It is not an easy life and anyone who thinks spending 6-8 hours a night in a smoke filled environment (especially when you are a non smoker) is fun has a screw loose up top. It takes a lot of hard work, concentration and stamina.
You may have some concerns. Recently there was a situation in QLD where a man couldn't sell his house because the council said it didn't exist as there were no plans. They wanted some ridiculous amount to rectify the situation. The problem was eventually solved when one of the TV programs got involved and the council had egg on its face. One question asked was if there were no plans for a house then how could the council justify charging rates etc.
Qlds007,
Richard I understand that may have been your situation but how do you explain my situation. It was done as I said over the phone and fax of work contract. To make matters even more interesting. StG made a mistake and a few hours before settlement discovered a 25K short fall in the numbers. There was no way I could transfer 25K to them in a few hours and the head honcho at the bank said StG would cover the money until I could transfer the funds in the next couple of days. This was a refinancing deal involving a few properties and 800K.
This is why I believe it is who you deal with.
CRJ,
That's the thread thanks.
Definitely brings back some memories when I reread it.
