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Yes it can go either way but i think you should personaly approach them first. If the first complaint they get is from the police or council. They will instantly hate the neighbours and things might get worse.
Dont like pills. Can i crunch it up and put it in a milk shake-
Badgers_R_Us wrote:Be aware of the negatives but work towards the positives.devo76 wrote:devo76 wrote:
Well the opposite could be said for you. Do you sit at home scouring the doom and gloom web sites afraid to leave home becouse the sky is going to fall. You may think some people are overly positive but it might be you being overly negitive.As far as tony robinson goes, i would never go to that crap. I dont need someone to tell me to be positive.Positive thinking is a way of life. You keep on being negative if you want. I know how i would rather live my life.The people on this forum can often be split into the negative and positive, The doom and gloom and the optimistic. Regardless of who has the most success. Why be a negative person. They normally lead a lesser life regardless of ther financial position.It's not that I'm particularly negative, I think I'm pretty balanced. In fact if you go back to the original post I made that started this “negative” aspect of this thread off, I was speculating on a bear market and promoting caution. I did qualify this by stating that I could be wrong. The response was a patronising, evangelistic outburst from Dreaming.
You make a great deal of assumptions about the nature of the people that make these posts. I suspect that it’s due to a myopic view about the world where the only valid thoughts are positive, where even the remotest opportunities to preach and scoff are sought. To me that’s negative.
I make no assumptions. Anyone would agree you have a more negative approach to this topic than some.
Myopic view ra ra ra. You seem to interpret things out of nothing and twist them around.
BUT I COULD BE WRONG !!!Have you thought of approaching them and coming to a agreement with what times and how long they can ride. Is the bike louder than say a lawn mower. To stop them completely is a bit rude. We have people in our street that have drums but they agreed to limit what time and how late they would use them.Just approach them consideratly and see if you can come to a agreement. A neighbour up the road from me once called me over as i was leaving my house on my ROAD REGISTERED BIKE. And told me bikes are s#@t and told me to f@#k off. That was the worse thing he could have done as i made sure to ride past his house at high revs every day for a YEAR. If he approached me in a different way we would have had a different outcome.
Badgers_R_Us wrote:devo76 wrote:Be aware of the negatives but work towards the positives.
Where do you lot get these mantras from. It's like you've been brainwashed by Tony Robinson or someone. Do you all get together on a Friday night for drinks at The Jonestown Bar and think them up?
Well the opposite could be said for you. Do you sit at home scouring the doom and gloom web sites afraid to leave home becouse the sky is going to fall. You may think some people are overly positive but it might be you being overly negitive.As far as tony robinson goes, i would never go to that crap. I dont need someone to tell me to be positive.Positive thinking is a way of life.You keep on being negitive if you want. I know how i would rather live my life.
The people on this forum can often be split into the negative and positive, The doom and gloom and the optimistic. Regardless of who has the most success. Why be a negative person. They normally lead a lesser life regardless of ther financial position.Could be worse. My IP is in the shoalhaven on the nsw south coast. Apparently we have the highest unemployment in australia.
Over 13 %My understanding was that it was starting to pick up. My family originated there with my grandfarther working the mines from 15 to 70 years old. When he died a few years ago they couldnt sell the house. They just walked away. At the time the FHOG would cover the full purchase price of a house. But with increased mining i was under the impression that things were picking up. Infact the company i work for has just signed a contract to supply aircraft for medical support out of several mining locations for up to ten years. Broken hill is one location.The other locations ill keep to my self as they will be good locations in the near future for investing.
I am a GLASS IS HALF FULL kinda guy not half empty. Although i am well aware that you may only be a couple of mouthfulls away from a empty glass.
Be aware of the negatives but work towards the positives.
Now im going to the pub, my all seeing third eye is thirsty.approx 4.3 weeks in a month so 200 per month does not equal 50 per week. Its closer to $46 per week
wealth4life.com wrote:Devo76 I think that you are very very smart … oh and wise.Most people are not listening to world events and I believe that there are troubles ahead … lets see who is wright or wrong … cash is king.
A friend of mine bought some RAMS shares and made a 165k profit …. some ones bad luck is some ones elses good luck.
D
thanks for the comment wealth. But i must admit my thoughts have changed recently. 6 months ago i thought you couldnt lose in realestate.
And knowing what i know now i probably wouldnt have bought my IP 6 months ago. But i weighed up the pro,s and cons of selling and i believe i can safely hold on to the property without exposing my self to much to the downturn.
Its a unique central cbd property with high rental demand. Things should be ok for me.
I have several friends in high debt with minimum wage from jobs highly effected by down turns. I pass on my info but sadly they are only going to learn the hard way.Another point of view is the demand at the foreclosure auctions. One mans loss is another mans gain.These are people setting themselves up for the next upturn.
Before i bought my IP i thought the whole idea of property investing was as follows.( Back when i had no idea)
A Buy house
B Pay off with assistance of rent
C In years to come you own the house outright with a tenent paying half of the purchase costs.
Capital gain was not how i thought it workedAs i researched more i saw that borrowing the full amount and paying off nothing was another option as long as the capital gain is good.
With the current climate i believe its best to hold on to my IP and pay off say $60,000 to make it just CF positive with out tax return.I am not expecting any real capital gain for a while)
My focus is going from making money quick to protecting my self and possibly setting my self up to purchase a bargain in a few years.
So my goals are Reduce PPOR debt to very low level.No personal debt. and make IP neutral so not to be a financial burden
It could go any way and the severity of a slump can also vary so i am building a plan for both scenarios.Oh and continue enjoying life. No point living in fear of what can happen, just dont be to shocked when it does.
And i just bought a boat. BUGGER.
Personaly i have only seen one cycle and therefore cant add to this discussion without it being based soley on my opinion but i will say one thing.
I just finished a conversation with a family friend who to say the least, earns more in a week than i do in a few years. There investment life has seen many cycles. They have lost millions in bad choices and have made tens of millions in good ones.They are a sucess story to the letter.When i talk about the doom and gloom they LAUGHED.
They had these pearls of wisdom.
All down turns come to a end.
The market always recovers and then some.
People are always convinced that the current downturn is worse than the one before it.
Dont over expose yourself,stick it out and you will be fine.
If you lose everything, start again.It takes one cycle to make money.
They went on to say that its very sad when people lose everthing but they then say they shouldnt have had everthing at risk.
So i guess the general idea is like what has been said above. Be prepared but not scared and things will improve for the long run.
PS They went on to say that they are picking up ther boat in the next few weeks. Cost 1.75 million. HOLEY CARP. I have a long way to go.Corner blocks can be a bonus for a duplex. You have the driveways on seperate streets giving a more seperated feeling.
I agree. I have really only being part of one cycle and only half of one has effected me financially. I was lucky as my first purchase was in 2001. Perfect timing. I am now selling my toys and reducing debt. I was planning on buying another place soon but now i might hold of.If things do turn bad ill have a PPOR debt under $50,000, No personal debt and my IP is fixed at 1% below current rates. Im sure im in a safer position than some.
Fogot to add that i also considered a couple of other things
1# Buy a more regional IP for a lower price.
2# Throw $20,000 on somthing risky on the share market( dont mind a bit of a gamble)
3# Go to the casino ( Im joking)Rex airline shares opened at $1 dollar. Less than a year later they reached just shy of $3 and settled around $2.50.They were my first taste of shares and i bought $20,000 worth at a dollar and sold for$2.67. Im happy
I still believe the majority of people should still have one. Emergencys cash excess i believe is good.Phone purchases and bookings often only except card.Many friends of mine say they survive just fine without one. Then when it comes to booking a hotel or paying for concert tickets,guess who they look too.
L.A Aussie wrote:devo76 wrote:I have made a good profit off muscle cars recently but i believe they are reaching there peak. If i see prices stall i will put my car on the market quick as at just under going rate to move it quickly. Then ill invest the money in either my PPOR or another IP,depending on the marketJust don't wait too long.
Warren Buffet said; "I made a fortune from buying too late and selling too early".Getting out befor xmas i think. Apparently the tax man has his eye on muscle cars in the next 6 to 9 months.
I know and agree that things look a bit rough ahead but i still feel the doom and gloom outlook can be a bit overdone. This talk of massive house price crashes etc etc i feel is a bit overdone.I look at my personal IP situation that wasnt a bargain but just a todays value purchase. With all costs considered it costs me $35 per week to hold THATS IT.
Thats $18,200 over ten years.Now will my house go from $300,000 to $318,000 over ten years to break even. I think its a safe bet that it will go much higher than that.
I think people will always look for ways to increase there wealth and property is the only answer for the majority so if prices do drop(as the very well might).People will start buying again and with a improved economy they will climb in value again.More and more people are becoming investors so if things slow down it just means more buyers are getting ready to purchase.
Ad to this a growing population.
Also this is just my thoughts on the debt situation but i think national debt levels will never reach the low levels of the past. Debt is a more excepted part of life and if you want to increase wealth. Its a essential part.While i agree that debt must reduce from current levels( This is obviose). The days of buying a city 3 bed house for 4 times your wage is over.Our parents hated debt and avoided it but later generations i believe will have to carry higher debt through there lives and this will become normal.Yes many abuse it and they will soon pay the price. But in general debt is not the evil word it use to be.
