Forum Replies Created
As relates to property, rent is included as is building cost, but house sale prices are not.
Cheers, F.[cowboy2]Historical data series from 1970 to 2003:
Sydney & Melbourne
Adelaide Houses
Adelaid Units
SA
Perth
Hobart
Darwin
CanberraFor the latest data you can check the state Real Estate ‘Institute’ (although I’d be inclined to test how far I can throw them first![biggrin])
Plenty of other good research material out there:
Dataseries GraphingCheers, F.[cowboy2]
Uh, thanks for that Anthony Robbins…[rolleyesanim]
Or not.The deep rooted bias and angry reactions I was able to extract from you so easily, are but the tip of the iceberg, little samples of a huge array of limiting beliefs that appear not to be serving you but are a handicap to success.So do you fancy addressing my point?
Not all (infact not even most) property investors need to raise their rents in line with the recent and upcoming interest rate rises.Or is this fact one of those ‘limiting beliefs’ of which you speak?
Regards, F.[cowboy2]
(Who has already been ‘prospered’ thank you very much, and not by god…)Sorry Calvin, I mustn’t have placed enough strategic smileys to portray my tongue-in-cheek mood. Good on you for asking questions, sorry for teasing.
Redheaven, although OT, I’ve purchased 4 props, sold 2, currently no IPs as such. I’ve gambled my PI future on a house price crash, but have nothing to lose (and some to gain) should it not eventuate.
And back on topic, I’d look to street appeal, even if it means picking up your neighbour’s pizza boxes and wine bottles or sweeping the driveway/footpath etc.
Cheers, F.[cowboy2]
Well, I got the PM from Getting There. It actually did show me a way I could possibly buy a house in 1 year. Unfortunately the initial post stated that you have to be in Adelaide, and I’m not, so… oh well.[glum2]
I wonder if GT’s friend would be interested in sending me some cheap Magna-RX all the way over here in Victoria. God knows I need it![biggrin]
Cheers, F.[cowboy2]Any particular area?
If your definition is correct Willi, why would Steve McKnight promote ‘positive cashflow’ with an end result the same as negative gearing rather than ‘positive gearing’ where the outcome achieves the aim of his methods?
I agree with JasonB, ‘positive cashflow’ is just a new name for an investment strategy that is very old and commonly known as positive gearing. ‘Positive cashflow’ is actually a poor name for it really, as technically speaking, any rented property has positive cashflow!
Cheers, F.[cowboy2]So where’s my PM?[angry2]
I’m pretty keen to jump on board this company. Sounds like a ‘Good Idea'(tm)
F.[cowboy2]From The Property Resume website:
Stop the endless and frustrating wait to build free equity in your home or investment property. When you complete our simple Property Resumé system you will increase your next valuation by a minimum of $10,000 … we even GUARANTEE it.[blink]
Cool, so I just have to repeatedly complete the system – every time adding $10k to the value of my house…[biggrin]
This is clearly somebody trying to ‘make a quick buck'(tm)[rambo2], and the ‘guarantee’ for this BS wouldn’t be worth the paper it was written on.[puke]Cheers, F.[cowboy2]
PS[wink2]
The Property Resumé system is your metal detector. It will guide you through the process of creating your personalised Property Resumé to find the money hidden in your house.
The money is there waiting for you to pick it up. How could you not give it a go?
To claim your $510 of Super Bonuses order NOWBTW Calvin[wink],
Congradjulations, you have been pre-approved for a $230,000.oo home loan. Repayments are just $230.oo per fortnikt. Click here http://www.trojanbackdoor.gl.ru[whistle][biggrin][wink][wink][wink]
No need, the link is broke![angry2]
And I was really looking forward to getting my hands on some of that pie. It sounded like a winner.
PM me with details Getting There.
Cheers, F.[cowboy2]Those examples where a rich person was told to give it all away was because he loved money (the reported root of all evil) more than anything else. He was encouraged to love his neighbour (others) as he loved himself. Apparently the message got lost…..[blink]…yes. apparently it did!
The ‘prosperity gospel’ did not exist before television evangelism… but that is off topic.
In answer to the original questions:
1) No.
2) Huh?
3) I wouldn’t have a problem with christian churches being granted tax & rate relief if they were supplying a non-profit service for the public, the property they held could not be sold, and the same benefits were available to all religious organisations (yep, even muslim fundamentalists and satanists!).Blessed is he that watcheth, and keepeth his garments, lest he walk naked, and they see his shame.[worried]
Cheers, F.[cowboy2]
To me $440.00 for both games is an absolute steal for the lessons you will learn.Lessons learnt from the game itself, or from the experience of blowing your hard-earned?[biggrin]
I have played the game (101), and found it an interesting talking point (pick the strategies that work best in the game but worst in real life), and would value it (as a game, not an educational tool) at less than $100. Only it’s not.
Cheers, F.[cowboy2]Nice work Woodsman, and thanks for the effort in illustrating your point! I believe your numbers look good, but you must admit in your scenario it is timing the that works in Delta’s favour, must you not? In your example she has bought at each trough – how do the numbers stack up if she buys as prices cross their long term trend? What if she buys above that trend?
The other factor Delta is relying upon is higher gearing… why doesn’t Robert gear into 2 properties when Delta buys her second? At this point his savings is greater than Delta’s equity, no?
I’ll illustrate my point with a similar scenario analysis later, meanwhile, I concede that my point
If somebody, somewhere can time the market well, buying low and selling high, they will absolutely outperform a buy and hold investor.should have read
If somebody, somewhere can time the market well, buying low and selling high, they have the opportunity to outperform a buy and hold investor, unless that b&h investor also applies the principles of timing the market (as opposed to simply time in the market).or similar!
Cheers, F.[cowboy2]1) ING Direct are pretty good and easy to use.
2) I don’t recall the theory of relativity making reference to compound interest.[biggrin]
3) Did Einstein really say this?
4) If he did indeed say it I’m confident it was prior to the discovery of nuclear fusion.
5) In matters of finance, I believe inflation is more powerful!
Cheers, F.[cowboy2]Originally posted by Redhaven:hubby and I would be buying under-market properties – at least, that’s the plan…
How do you know they’re ‘under market’? Isn’t the price you pay for a property its market value (unless you are the only person who knows it is for sale)?
I’m not intentionally being pedantic or negative, but I hear this often of late, and it rings alarm bells for me.
Cheers, F.[cowboy2]Originally posted by windcloud:Are you referring to Brisbane property may drop back to lower price after 24 months?
Yes, I most certainly am.
When the only fundamental that matters is recent capital gain, you absolutely are in the grip of a speculative bubble.
There are also changes in the offing – both national and international in scope – that will place negative pressure on house prices.Any support data you can provide?If you have some time for reading I will be happy to send you a mass of interesting links, plus a bonus list of vested interests (and why they should be ignored)! PM me.
Cheers, F.[cowboy2]Originally posted by wezwaz:Why are retirements going to drain the share market?
I don’t forsee a sudden wave of selling, but it is reasonable to expect that retirees will continue to choose more conservative investment options. During their income producing years growth is key, therefore they will tolerate the higher risk and volatility of shares. In retirement they require a reasonably secure income stream as well as some degree of capital protection.
Cheers, F.[cowboy2]
Hi Craig,
The problem I see as an investor is that if the best case scenario is $375 pw rent, the house is worth $250k tops.
Cheers, F.[cowboy2]Marc1,
I refer you to my previous irrefutable point – not all (infact not even most) property investors need to raise their rents in line with the recent and upcoming interest rate rises. You may well be in debt up to the eyeballs, but many rental properties are fully paid for.
Cheers, F.[cowboy2]
May fallen angels watch over you.youre such a pessimist foundation !!!No, I’m quite optomistic about my future, just a little concerned for those either entering or recently entered the market with particularly poor timing.
and you needn’t be some smart arse by harping on about economics 101. again what the hell has this got to do with the current forum subject????Brad’s question was directly related to current market conditions with regard to interest rates and therefore my point was entirely valid and related to the thread.
get a grip foundation. everyone is entitled to their opinionWhat are you, the king of hypocrisy? Please re-read your own sentence and consider how it may relate to yourself and to itself.
Why get so hot under the collar? Do you have much at stake if I turn out to be correct? Does my voicing an opinion change that risk?Property investing is a LONG TERM gameIt can be. It doesn’t have to be! If somebody, somewhere can time the market well, buying low and selling high, they will absolutely outperform a buy and hold investor.
And before anybody else jumps down my goat, I would like to make the point that this website is here (as are many posters) because of Steve – and he himself is currently betting on a market fall to make larger profits than simply buying and holding.
Cheers, F.[cowboy2]
