Forum Replies Created
interesting
its funny how you get all defensive when anyone questions your posting style. you are so busy telling everyone else they are wrong you have not stopped to consider the possibility that you are wrong, or that the way you are going about it is wrong.
perhaps you should also consider that wasting 10 hrs a day researching something you cannot avoid, prevent or profit from, and the other hours you spend arguing on a forum could be better spent?
hbbehrendorff wrote:The real facts are that economic conditions are MUCH MUCH MUCH worse then they where before the great depression, I KNOW because I have studied them ! I'VE studied the facts, My epicentre of economic knowledge does not derive from Sandra Sally's economic segment, Everything I know does not come from Channel 10 or the 7:30 report. If all you people knew the facts you would not be saying the market will increase next year, Because it won't ! Stop living in a tv media bubble !there you have it folks, another Bernanke. its fact. he has all the answers, knows exactly what will happen, why and when. whats more, he can stop it all by slapping some sense into us. after all, Bernanke did such a bang up job right?
wake up you deluded armchair guru. you are not the only person who studied previous harsh times. stop acting like you are the financial messiah, like your OPINION is god, and the rest of us are clueless morons. if you were so smart and had such prophetic powers you would have sold your properties at the top, instead of holding them to this day watching them fall.
foundation wrote:I absolutely disagree. The dynamics of debt deflation are precisely the same. The overpriced asset market (the bubble) has a corresponding future obligation of precisely the same magnitude. It is the failure to deliver on the obligation that causes a cascading feedback loop between collateral and loans. The broader economy in both cases was/is reliant on credit growth for GDP growth, and the failure of credit growth results in contracting GDP.The upshot is – simultaneous monetary and productivity contraction.
or you could have simply said:
THE PENDULUM SWINGS BACK EQUALLY AS HARD THE OTHER WAY
but why use a few simple words on a lay explanation with almost cliche status when you can use 4x as many bigger words in a cryptic mess laced with lingo only a few can understand………..oh now i remember why
stable
there are 5000 people a week moving to QLD
I agree mostly.
I would also add that rents are still rising and rates are falling so fast that many people will decide to stop renting & buy.
but I think a recovery by Jan is way too soon. the share market is still hitting new lows every day (despite many forum members declaring it was time to buy months ago) and until this stops investors will be forced to sell assets at any price to meet margin calls. in the U.S & U.K house prices have not even started to bottom, and we lag those markets.
Im looking for an Apr/May bottom, with prices falling 5% between now & then at the bottom end, and 20-30% at the top end. but with clever negotiating you should be able to buy 10% under market right now, meaning you are still 5% ahead when the bottom hits.
we are in much worse shape than the previous 'recession' at the start of the decade, so rates will most likely go much lower than they did then.
Im hearing a 1% drop in Dec.
foundation wrote:You clearly haven't been keeping your eye on the inflation figures that are coming through.it's this kind of arrogant, aggressive, argumentative know-it-all attitude that really pisses people off.
give it a rest
be careful not to burn out………
dont work every day, take some time out.
keep us posted. good luck.
depends if its going to be reno & sell or reno & rented out.
Ive used the cheapest bunnings paint ($14 for 4 litre) & its good as long as its not a dark colour. it looks good but isnt hard wearing at all.
there are plenty of professional painters on here & they will probably suggest trade paints, also available at Bunnings.
foundation wrote:Hint: Name-calling is childish.foundation wrote:You really are making yourself look like a bit of a dill…foundation wrote:Flash, I bought a few dozen bullion-grade fine silver one ounce coins over 2004 & 2005. Also some Unc Australian Mint silver coins ranging from an ounce up to a couple of 10oz'ers. All bought when silver spot was less than US$7. None for more than AU$10.50. Currently up around 66%Im confused here. you quote an old post that is supposed to prove that you DONT post late trades, but all you have done is provide another example of you doing just that. anyone can say "oh I did this back then and it's gone up, arent I clever?"
hows that for googling your old posts?
yet another example of an F contradiction.
oops
"I would suggest placing most (80%) of your money in the commodities market at the moment"
hilarious!!
"Other investments include gold and silver purchased in 2004-2006"
again, said nothing at the time.
Im curious though, if you are such an investing expert, why is it you hold precious metals in a period where you expect massive deflation?
It does not matter what shares you bought, none of them are remotely immune from deflation.
As the DOW has plunged the last few days, lets wait for F to come out and tell us he sold Weds at the top.
well spotted harb.
F seems to a "multiple property owner" who "expects prices to fall hard", yet instead of selling he has "structured my investments to deal with this" (deflation) while simultaneously being "liquid" without being in cash. Obviously this means he is in shares but instead of simply saying that, he implies that he has designed some super complex, secretive, risk-free investment portfolio that the rest of us are just too darn stupid to think up. lets all kiss his feet.
Not only that, but he tells us now he sold his shares in Dec 07 (why didnt he say anything at the time?) and managed to buy the bottom of the market recently (why didnt he say anything then either?) making him a fully qualified hindsight genius we should all adore.
His statements show a fundamental misunderstanding of economics and investing, despite mesmerising us with facts & figures & charts that show us all how much smarter he is than anyone else.
meeeee sooo stoopid! (by the way, quoting me here and responding with "you said it" or "Im glad we all agree" would NOT be considered intelligent wit.
ok, no more drugs for you
the only thing that excites (F)wit is "oooo goody, another opportunity to make crashy look stoopid"
ok folks……….where are all the opportunities now?
self funded instalment warrants lookin good…..
must be a lot more positively geared property around now?
rates down another 75 bp.
ka-ching
pointless to pay an engineer unless you have PERMISSION from the body corp!
their decision may then pivot on the engineers report, putting you back at square one, but if you get a "not a snowballs chance in hell" then dont waste your money. as I said, if you are on the top floor, it may not be structural. if you are NOT, then it IS structural.
Tony
very sus!
totally illegal I think. but then……who can we complain to? REI is on their side.
maybe this could help:
http://australianrealestateblog.com.au/blogs/australian_real_estate_blog/default.aspx
firstly, ignore anything the agent says. its usually the same old B.S
why are you concerned with how much the owner paid and when?
if they are selling at a loss, its probably because they HAVE TO SELL.
either you are buying with emotion, or logic. which is it?
you CANNOT afford to be swayed by the sellers circumstances or the agents tactics.
you need to decide whether you are doing this to make friends, or to make money.
you can increase your offer, but you cant decrease it. YOU hold the position of POWER. act accordingly.
submit your offer of $280k, specify it is a first & final offer, expires 6pm. if its rejected, threaten to walk away. if they still dont budge, tell them you are done and walk away……..at least for today. you can always come back tomorrow.
if they counter with 285, offer them 282.5 and ask the agent if they would be willing to lose the deal for 2.5k. the agent will push for it to be accepted.
when I bought reno #2, the agent pulled the old "Im gonna show you 2 houses you wont want, and the 3rd one you do" trick. I submitted an offer on the first property I didnt want with the same agent, at a silly low ball price. I told the agent it was first & final. the agent came back with a counter but i told him I was done. he was shocked. then I submitted an offer on the property I did want, again with "first & final". hey presto……agent convinced them to accept without counter.
