lawsjs wrote:

In short – I wish I was – the money would be very welcome:)

He’s a muppet with a big ego. Carries on like a spoilt brat. I’m sure you have more endearing qualities Laws

The Freckle

jdufall wrote:
It is quite humourous reading posts from people who have very little or no knowledge about a subject.

Freckle, one thing that hasn't ruled the well-being of Kalgoorlie is China. Other than the occasional investing into a mining company in the area, news about China is rarely spoken. 

Always amazes me how little people un…[Read more]

kylermrice wrote:
Everybody makes it sound rough, it's really not that hard when u have good people and system in place.

I was watching a doco the other day about deserts. One part was about this 12 yr old kid in Mali herding cattle some 80km to water. He was racing against a herd of elephants to get there first. He slept on a mat near a fire…[Read more]

kylermrice wrote:
U kill me Freckle.  Just like the time that lady bombed your thread and you called her out on it.  just to dang funny

My tolerance level for idiots and lack of manners is diminishing with age. As is eye sight, memory and penile function.

The Freckle

Won’t work in the market you’re looking at unfortunately. Not consistently anyway. High risk low return is the usual order of the day.

The Candy brothers are an example of what you’re trying to achieve but in a market that:

1. has the money and wants to buy quality; and

2. is in the very rich to super rich end of the…[Read more]

My understanding is that an agent has a legal obligation to present ALL offers to the vendor. No exceptions.

The Freckle

kylermrice wrote:
As a owner of many guns and ammo, we have stock piles that the gov doesn't even comprehend. 

I think that gubermint of yours probably knows how much you’ve got and where you hide it.

It's a basic right we have always maintained to keep our freedom from tyranny and oppression of the inflated gov. 

How’s that working o…[Read more]

Laws I understand your cash arguement in terms of no risk of forclosure however that’s only one part of the risk equation. The risk in the US market is from currency devaluation and nothing illustrates that better than the following graphic.

Gold is a static form of value for the most part. An oz today will by say 10 apples. In 20 years it will…[Read more]

KnoxOff wrote:
thats  more  more bullets  than americans

Yanks have never been renowned for accuracy.

US forces have fired so many bullets in Iraq and Afghanistan – an estimated 250,000 for every insurgent killed – that American ammunition-makers cannot keep up with demand. As a result the US is having to import supplies from Is…[Read more]

KnoxOff wrote:
pcits just a bit of  ammo    for the freckle  to fire  off  in his US   armageddon arguments 

An here’s me just studying another analyst who talks in terms of a “Super depression” yet to come. And I thought I was pessimistic about future economic recovery.

An interesting blog article from Steve Hansen, “Seeing The End Of The…[Read more]

pc9geek wrote:

Hi Freckle, I live in the Middle East and I would like to give my perspective. The US is the only country in the World who can “print its way to prosperity”. It has just recently gone too hard and fast at it.

The reason I say that is if you look at all the commodities which are traded for in USD and the large number of nations…[Read more]

If the last post didn’t wake you up to the reality that is China perhaps this report from Christopher Pavese, CFA, Chief Investment Officer at Broyhill Asset Management.

http://www.alsosprachanalyst.com/real-estate/figures-dont-lie-but-liars-figure-and-more-empty-shopping-malls.html

The Freckle

Virtually all mining is predicated on continued growth in China or at least maintaining current levels of consumption and GDP growth. Nothing I research with regards to China supports that contention.

Every plausible commentator I read sees continued corrections in China as it readjusts down to a sustainable stable growth rate which is likely to…[Read more]

Data here’s fairly good with graphs

http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp

The Freckle

Lived at Umina for a year or so back in1999/2000. It was supposed to be all go then but it never really got any momentum going. The big killer was the F3 and trains. After a year we were over it. It was cheaper for us to move to Artarmon and pay twice the rent ($220 to $410) than it was to live on the CC. The big bonus was 4hrs less travel every…[Read more]

simple wrote:
A norm on the street for mam/dad investor is to LOOSE money in RE now.

That probably fits with 90% of PI’s Over the last few decades many made a dollar not through any particular property related skill. I have a good friend who buys properties on sentiment alone and he’s an extremely smart guy who has made a bundle on property…[Read more]

kylermrice wrote:
All this talk about financing, has me thinking i should start offering it for my investors.  Not going to offer it to my tenants, lol. 

Just make sure its OPM

The Freckle

lawsjs wrote:
Money is not being printed, it is being sold to banks at low rates to stimulate borrowing. It is a subtle but very important difference.

Money IS created and then SOLD to the banks. The initial plan was to maintain liquidity but no one knows how deep in the hole the next guy is so banks literally refuse to lend to each other…[Read more]