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  • Profile photo of crashycrashy
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    @crashy
    Join Date: 2003
    Post Count: 736

    sorry but you are dreaming

    it takes months just to sell a property in this economy. and its very difficult to get a decent price as there are no buyers prepared to pay more for a renovated property over dated ones.

    this has been discussed previously, do a search

    Profile photo of crashycrashy
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    @crashy
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    ok, no more drugs for that guy

    Profile photo of crashycrashy
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    @crashy
    Join Date: 2003
    Post Count: 736

    using the "six year rule" you can avoid CGT on a PPoR and also an investment property that you have lived in at any point during the six years.

    I saw no facts, only smartass comments.

    you came on to a thread where people wanted to discuss cheap DIY, and laughed at them telling them what idiots they were and how you were the only smart one….you are too much of a chicken to learn a new skill. and yet you somehow are surprised at the tone you receive? oh the irony….hilarious!

    the only "facts" that matter are these:

    Ive made $320,000 in the last 3 years TAX FREE by doing my own DIY (not including income from passive businesses). Thats equivalent to taxed income of $540k (or $180k p.a)

    how about adding something constructive to a discussion next time?

    Profile photo of crashycrashy
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    @crashy
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    hi Morgan

    yes there was a similar post a few years ago here in which I broke the bad news.

    blue asbestos is the worst kind, and its most common use was under tiles / lino.

    dont take any chances. the best way to stop fibres getting into the air is to thoroughly WET the suspect material. try to get a sample. if you see fibres in it, get it tested. some fibre-cement is also blue so it depends how old the stuff is.

    Profile photo of crashycrashy
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    @crashy
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    thats a typical ignorant, condescending view, and the bias isnt a surprise either being a tradesman.

    but the fact remains, there are many people who make far more money than you (a lot of it tax free) by doing DIY instead of hiring tradies.

    also, you may want to reconsider just how smart & funny you are after you take GST, business expenses, income tax, savings on CGT & other costs into account.

    for example, being a tradesman myself, I could go to work and earn $65/hr. but after taking out GST of $5.91 ($59.09) then insurances, advertising & other business costs, say $20/hr ($39.09) then super ($4.09) this leaves $35. Then I have to pay income tax of about $15 leaving me with about $20 in the hand. now with that $20/hr, you expect me to pay a builder $35 + GST an hour so overall loss is about -$18.50/hr.
    this assumes you are a sparky or plumber, not a builder, for whom the scenario would be far worse.

    now consider how much better off I am to do my own DIY:

    I dont have to pay GST since I dont receive payment. I dont have to pay vehicle running costs, advertising etc, super et al. At the same time, Im no longer forking out $38.50 for a builder, I dont spend any time (or money) driving to or from work, I get more time off, I dont spend a fortune on lunch, i get to spend more time with my family, and any profit I make on the property is tax-free, so I come out FAR AHEAD OF YOU!

    Profile photo of crashycrashy
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    @crashy
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    same money? ya dreamin!

    neve, do a search for redcliffe & see all my previous comments

    Profile photo of crashycrashy
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    @crashy
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    not even a contest…….

    1. 2 x bags render @ $6, rendered dated brick at front of house (highset)

    2. $3 spraycan black gloss, painted aluminium window frames

    3. $14 fence paint 10 litre, sprayed on roof tiles

    4. front railings….$45 yellow balau timber over the metal…..hey presto, modern stairs

    5. floor sander hire $65 & $45 tin of polyeurethane…..new polished floors

    6. cut down a few fugly trees…..free 

    Profile photo of crashycrashy
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    @crashy
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    for us (full time renovators for last 4 yrs), there are 3 important ingredients missing in this market:

    1. rising prices
    2. fast sales
    3. premiums paid for renovated properties

    thats why we pulled out of the market 6 months ago and wont get back in for another 12-18 months.

    Profile photo of crashycrashy
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    @crashy
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    Profile photo of crashycrashy
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    @crashy
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    ooh yes how selfish I am, wanting future generations to not live on a planet deprived of hundreds of species, filled with polution, suffering from a climate thats unbearable. My bad.

    and as for recommending people buy shares when the market was 3300, how terrible, it only went up 20% after that and hasnt gone that low again. even right now its a 5% return. god I suck dont I?

    please, go on…….continue to tell us all how you are so great

    Profile photo of crashycrashy
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    @crashy
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    I found Ikea floors to be a lot harder wearing than bunnings. It is what they use on their own floor which gets a LOT of traffic. so you can see just how well it lasts.

    Profile photo of crashycrashy
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    @crashy
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    all you NWO believers should ask yourselves:

    1. how does my belief help me to live a longer, happier life?
    2. how does my belief help me to make money?
    3. do all my rantings about NWO enrich or detract from others lives?

    Profile photo of crashycrashy
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    @crashy
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    hbbehrendorff wrote:
    everyone Parrots that like a little parrot

    wow! blow us away with your articulate & cunning use of the english language…..

    hbbehrendorff wrote:
    c02 IS NOT a toxic bad bad naughty substance

    well you try breathing it for 2 mins then! I can assure you, you WILL die, and it is therefore by definition, TOXIC

    hbbehrendorff wrote:
    WATER is 1/3 c02

    really? I was prettty sure water = h20, ie one atom of oxygen with 2 atoms hydrogen. no CO2 at all.

    hbbehrendorff wrote:
    Come on, can't someone see the truth here ?

    dont worry, I see it. yet another clown who's mummy didnt give him enough attention, trying to convince the world how smart & valuable he is……

    Profile photo of crashycrashy
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    @crashy
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    Im confused…..all you "scam" theorists WANT more polution & cars with crappy gas milage?

    you are all so busy shouting "Im smarter than Al Gore" that you seem to be forgetting that you are actually encouraging the rest of us to screw the planet up just because you think we are being "scammed" into cleaning up the planet. I dont care really if its a scam, I want the planet I had as a kid back…..

    Profile photo of crashycrashy
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    @crashy
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    harb wrote:
    Looking at the Northern Hemisphere recently , who after all are the biggest polluters on the planet,  it seems they are returning to the Ice Age .

    harb, its GLOBAL warming…..not hemisphere warming buddy! there isnt a "northern hemisphere CO2 tank" ya know.

    secondly, you realise its winter there right?

    thirdly, an armchair scientist like you would surely know that global warming symptoms include colder winters, ie worse extremes?

    fourthly, didnt the U.S & UK have record heat waves during their summer?

    as for A/C heat pumps, that has NO net effect on warming, since it merely transports heat from one place to another. no heat is "created". you could however argue that the electricity used to run them contributes to global warming.

    Profile photo of crashycrashy
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    @crashy
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    I think admin has "got some splaining to do"

    no, really

    Profile photo of crashycrashy
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    @crashy
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    suavemechanic wrote:
    in fact the vibe here is like sydney back in the tech stocks bubble days !

    danger! danger!

    Profile photo of crashycrashy
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    @crashy
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    herbpeterson wrote:
    I doubt mining companies will close and walk away from massive resources (that they can't take with them)

    for very long.  People don't seem to consider it is also an investment for the company, you can't easily liquidate the resources,

    and buy something down the road.Devil

    this is the biggest misconception about mines. people assume that because they pull the stuff out of the ground it costs them nothing, when the reality is the costing of mining the resource is often more than the base price. Also demand is often irregular but staff & machinery must be keep operating regardless of whether there is work or not.

    so YES, mines do and have closed frequently in the past and certainly will now that we are entering a depression.

    Profile photo of crashycrashy
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    @crashy
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    its a good time to build. tradesmen are quiet so building should be cheapest now. now is not the time to increase your risk though, so I would not be buying yet. wait for the knives to hit the floor before trying to catch them!

    Profile photo of crashycrashy
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    @crashy
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    Post Count: 736

    my issue with this thread is not so much what Steve said, but the subsequent replies from posters who said this was a "heads up"

    a heads up is a warning which is made as early as possible, giving the person sufficient time to avoid the problem.

    I would imagine Steve was busy selling this kind of property over the last few months and thats why he waited till now to post this.

    just providing a balanced view……

Viewing 20 posts - 21 through 40 (of 664 total)