Forum Replies Created
It's a policy problem Dub's. In future when engaging any work have it billed through one point. They either refer their bills to the PM or you. if it's you have the PM submit any accounts for payment to you. If it's the PM simply pass all accounts to him for processing. Easy. Clear lines of communication and a simple policy will solve all your headaches.
The 6 links below are PI spreadsheets I've picked up over the years and one I've recompiled myself. They range from simple to complex. Use at your own risk.
Click the link, go to ….FILE / DOWNLOAD
Note: tax formula and stamp duty are out of date
https://docs.google.com/open?id=0Bw10nVvomrvSTTF1TWlKa0cwLWs
https://docs.google.com/open?id=0Bw10nVvomrvSUVROSU11Z19lMFE
https://docs.google.com/open?id=0Bw10nVvomrvSVWxEVC1heU5SUEE
https://docs.google.com/open?id=0Bw10nVvomrvSazFNbmUwSmd3bEk
https://docs.google.com/open?id=0Bw10nVvomrvSclJtTXU5ay1LcWM
https://docs.google.com/open?id=0Bw10nVvomrvSdHIwckNQN2xhWE0
if you have problems with these email me and I'll forward them direct
Qlds007 wrote:You can buy a nice unit in the middle of downtown for $1.5M CAD.
You mean 1.5M Loonies. Those Canucks are just about as bad as us Kiwis
West coast is where the action will be. Big push to open up the western seaboard with infrastructure to export minerals and energy to China
Intrigue wrote:Hee Hee Hee I am the master of Analysis Paralysis! and (yes) I dont have any IP's. I dont really have any money though so…Then you don't have AP. You have NM (no money)
Quote:Perhaps those of us born with the ridiculously analytical mind, have for a reason?An analytical mind is essential. Without it you lack the ability to effectively critique dynamic data.
AP is a mapping problem. No map!!
The term doesn't define the problem because paralysis isn't the issue rather a continuing effort to either analyse or a fear of acting because you have no template that tells you when you have completed the analysis.
People get stuck with AP because they have a haphazard ad hoc approach to problem solving. The solution is to develop a methodology that suites your goals/objectives.
- Define the goal (5 IP's in 10 yrs)
- break the goal down into bite sized chunks (1 IP/2 yrs)
- develop a measurable set of criteria (region, demographic, value range, property type, etc)
- develop a financial model (pos/neg gearing, debt/equity ratio, P/E ratio etc)
If you look at successful experienced investors they are always highly organised and structured in their approach. They have a strategy, a plan to accomplish the strategy and a set of rules to operate by.
The wannabe who suffers from AP lacks at least one of these if not all of these attributes.
Derek wrote:Readers need to be aware some marketing groups & REA have been actively marketing Newman. With only 52 sales in Newman over the last 12 months median prices are subject to distortion.That would be frenetic for Newman. RE.com lists 59 currently for sale but interestingly only 8 rentals. REIWA indicates around 2500 properties so a vacancy of 8 is pretty tight to say the least although REIWA also states there are 506 uninhabited properties.
Quote:Similarly Onslow has had a significant median price increase but this is only based on 16 settled sales in the past 12 months.16 sales would be almost all of Onslow.. somebody bought the town
How long is a piece of string?
Your questions are so generic as to make it impossible to answer.
I would agree with Mal on this one. Even though I'm substantially bearish mining these 2 towns are probably as close as you'll get to a safe bet. Note that Onslow is Gas not mining.
Newman is the central hub and feeds support to BHP's local mines, FMG have area HQ's (albeit small) their that connect with Solomon, Cloudbreak and Christmas Creek. Gina and RIO have several mines just up the road, West Angeles, Hope Downs, Yandi and the proposed Roy Hill and then there's access to a smaller hub located at Tom Price/Paraburdoo. There's exploration and mining going on just east of Nullagine and there's also early stage discussion and feasibility studies on a rail link that I think is supposed to run up the east side of the Marble Rd.
The majority of the Central Pilbara mining activity swings around Newman so even with the contraction you're not likely to see much of a change there.
Onslow is a tiny coastal village in reality. It's the onshore landing site for the gas pipeline coming in from the Wheatstone fields. Given the size of off shore gas fields (North West Shelf) anywhere from Exmouth though Onslow to Dampier/Karratha is a reasonable bet if it involves oil and gas. Some like to include Broome in that picture but until there's a definitive go ahead with the James Price Point project I'd be holding off. There is talk that this project doesn't stack up against alternative options like Shells on sea processing platform in the Timor Sea or a sea bed pipeline to Dampier.
Newman is the southern gateway into the Pilbara and there are no practical alternatives. For that reason alone it ranks as one of the safest regional bets in WA.
Anything to do with Oil and Gas is is a good long term bet. It's one industry where long term demand is assured.
As a logistics coordinator for a few small transport operators I'm seeing things hit the wall rather quickly. Definitely faster than I thought. In the last 8 weeks the brakes went on big time. I dove tail in with many of the big transport operators and their stories are starting to get scary. We're all wondering if the current state of play is just a lull or a sign of things to come.
One operator just dropped 5 subbies and parked up 4 of his own trucks. A few weeks ago they couldn't keep up. Two large construction companies we deal with are winding up in the Pilbara due to contracts finishing and one who has had 3 camp projects canned in the last 2 months.
Jan De Nul are pulling out of Hedland along with many other large operators. The work is starting to dry up and gas projects won't be enough to fill the gap I suspect.
I suspect the writing's on the wall and we'll simply see a continued slow down as projects complete or are canned.
zmagen wrote:"your people"? Seriously? "My people" are who I associate myself with, thanks very much. You can keep this type of comments to yourself, I'm done here.
Taking things out of context again. What? your family and their history aren't intertwined in the region. 'Your people' refers to those connections with your birth place and the wider Jewish/Israeli community you have. You don't get to choose your heritage as far as I know and the term 'your people' is just a phrase. Nothing sinister in it.
Ziv take the blinkers off and shed the cotton wool you've rapped yourself in. There's a high probability of some serious grief coming our way.
The middle east is a real tinder box at the moment and your kith and kin are smack in the middle stirring the pot flat out. I don't expect anything to happen until after the US presidential election if at all but the odds of a strike against Iran if that idiot Romney gets in will go through the roof. Then again the pressure on Obama from your reli's is no small thing either. If that war monger Netanyahu gets his way it'll be all on for young and old and your people get to revisit holocaust version 2.
I hope not because all the big boys have got their fingers in this pot. Meanwhile I'll hope for the best prepare for the worst.
Available rentals continue to increase.
RE.com now lists 74 up from 52
For sale listing remain the same at around 259 with 18 new listing suggesting there is some turn over at least. There's a swag of new one bedders listed. Mainly new multi story apartments. I would hate to have bought one of those off the plan.
JP I wasn't disputing how a positive mindset can enable you to survive after the event. The analogy was an example of employing a positive mindset inspite of overwhelming evidence to the contrary. This isn't about being positive. It's about ignoring negative signals because that may taint one's positiveness.
I have both a positive and negative outlook on a variety of things. I have a negative view of economies going forward but am positive on the opportunities that may eventuate. I have a hedging strategy in place that could do very well if things turn to custard so I am confident that whichever way things go I will for the most part do alright.
I consider myself neither a positive or negative person but more along the lines of a realist who can assess situations logically and not be biased by virtue of membership of a particular group like property investors for example. Many of whom believe they have to project a positive outlook to be accepted within their peer group. Those whose careers are dependent upon the PI market are virtually compelled to be optimistic and positive. Negative pessimistic property people tend to not do very well in the industry.
1930/40 Jews paid a horrific price for placing their faith in eternal optimism in the face of compelling reality. That same characteristic is evident today. She'll be right, it won't happen to us, we're different, our leaders will solve the problem, it's fixable nothing to worry about etc etc.
The 2008 GFC was a look into the future of things to come if you don't fix the system. To date the system is less stable than then, has no solution that can address the problems and systemic risks and is several magnitudes larger than 2008. In the last 5 years we have managed to over commit what limited resources we have just to contain the problem let alone solve it.
Yet it beggars belief that 90% of the sheeple out there still believe that there is a solution around the corner and that if a reset occurs it won't really affect them too much.
Ziv doesn't see the possibility of apocalypse as realistic. The Libyans, Egyptians, Syrians, Greeks, Spanish, and Bahrainis might disagree with him on that. Of course apocalypse is a personal thing. The Syrian with an mortar shell in his back yard probably thinks his world has collapsed. The Greek family living in a shelter might consider their situation a tad apocalyptic. Living in a mid west American town devastated by economic reform and plagued by a dysfunctional local government, crime and drug gangs might seem a little apocalyptic to some.
Then there's the 'bad guys', the shadow players who bring huge financial and influential forces to the big financial game being played out behind closed doors. Ziv doesn't really believe these boggy men exist yet theirs ample evidence they're there and that a financial war is raging behind the scenes along with a cyber war that steals secrets, technology, IP and wealth. Those theaters of war dove tail in with the ideological and religious wars masquerading as a 'war on terror'.
There'll be those who'll look to label me as a conspiracy nut. If so then they'll have to include the major western powers as conspiracy nutters as well because they're committing resources to counter these boggy men Ziv doesn't think exist.
Mark Mitchell makes compelling reading on the subject. His series of articles elaborating on many of these shadow players, their activities, impact on markets, penetration into financial organisations, what governments are doing, etc can be read on The Miscreants’ Global Bust-Out
It'll be an eye opener for many I'm sure.
Ziv we come from different perspectives and time zones in our lives. I was like you 30 years ago. You're in the naive optimist stage and that's reinforced by your occupation. You couldn't do it with any conviction if you thought or believed things would turn to custard tomorrow.
The trouble with most optimists, and particularly those who require that outlook as part of a profession, is that they invariably overlook the negatives because that doesn't jive with their predetermined outlook. It would be like a democracy advocate espousing the virtues of communism. Just wouldn't do.
If we were two Jews in Berlin during the 30's I would have packed my bags and skedaddled pronto. Your outlook would have been it'll be OK we have full employment and no more bread lines. The people are happy and the Jew persecution thing is all a big mistake, you'll see. You'd still be trying to convince yourself of that as they shut the shower doors behind you.
This story repeats itself through out history and among many cultures. We are predisposed to being positive often too our detriment.
There's a global financial tsunami coming. I can't tell you when or how bad it'll be other than soon and it'll bigger than most can imagine.
If you think we can rack up debt at this rate with a, 'she'll be right mate' attitude you're dreaming.
zmagen wrote:I don't think there's a climax coming or any particular boys club in control, its us getting what we deserve,This is an example of why your wrong and naive to think it's somehow our (the peoples) fault.
Admiral Dennis Blair, then Director of National Intelligence, said in his 2010 report to Congress…. there was “dangerous nexus” between terrorist groups, organized crime, and the governments of rogue states. Admiral Blair also said that organized crime “almost certainly will increase its penetration of legitimate financial and commercial markets, threatening U.S. economic interests and raising the risk of significant damage to the global financial system.”
On July 25, 2011, the White House not only reinforced this assessment, but also issued an unprecedented Executive Order declaring it to be a “national emergency.”
read the full article here
http://vastdom.blogspot.com.au/2012/10/the-miscreants-global-bust-out-chapter_9012.html
Tiling's easy. It's the grouting I hate. I leave that to the old girl!
zmagen wrote:I honestly don't get you, freckle and kyler. Who are these "big business" illuminati and "men in black" you're referring to here exactly? When we stop teaching our children that manipulation, individual wealth, exploitation and buck chasing are the cornerstones of existence is when we'll stop seeing the same replicas of parties and candidates "magically appear" before us time after time.Abuse of power has been around since time immemorial. We all know and understand that. You only have to look at the global corruption index to understand much of the world is corrupt. The American constitution was designed around that understanding of how power corrupts and was an attempt to minimise it. The right to overthrow ones government is enshrined in that constitution because they knew that absolute power eventually corrupts so therefore the people should understand they have the right to throw out abusive leaders. What we teach our children (I certainly do mine) is that the potential for the corruption of power exists everywhere from the individual (the bully) to the the elite. Prevent and resist it where you can.
In the last 2 years I've had 3 legal run-ins with those who have abused their power at my expense. It cost me to stand up for my rights. I'm fortunate in that I have the skill, knowledge, tools and resources to stand up for myself. Many don't so cop it on the chin and move on. People like me are few and far between. We can't stop it but we can slow it down and hopefully limit its extent so others don't suffer.
It isn't about big business, men in black or illuminati. It's about, how over the decades, those in authority have eroded the safeguards within the system bit by bit until now we face a collapsing system. How the cost of that collapse will be shifted to and borne by the 99% because the 1% have over decades manipulated the controls within the system to their advantage.
Big business, the men in black, illuminati etc are just the 'old boy network' doing their thing. Corruption and abuses are accelerating as they have done in previous civilizations. They eventually implode and the cycle starts all over again. We are nearing the implosion stage. It's the thing the Chinese fear the most. The US is preparing for it as we speak. FEMA's buying so called rescue vehicles that are simply armored urban warfare vehicles, millions of rounds of ammo, military units practicing crowd control, contracts for 30 000 small UAV's for domestic use – it goes on and on.
Quote:There's no one enforcing a "big business" education system on the poor defenseless working battlers worldWhat world do you live in Ziv. Every message you get from govt and big business is specifically designed to manipulate you through propaganda. Why do think Gina wanted control of a newspaper? It sure as hell wasn't to run a garage sale at discount rates.
Quote:…it's us putting these big business values up on pedestals for our children and children's children to see generation after generation, and cooking up the next generation of lobbyists to complain about next decade. What are you whining about exactly? Conspiracy theory stuff, seriously…end rant.
You're generalising to support your argument – straw man! The big business values we espouse don't include corruption and fraud.
I suppose you think the GFC was a conspiracy cooked up by the Occupy Wall Street mob.
Ziv you reflect the general naivety among the masses that big brother is benevolent and always has our best interest at heart above all else. History shows time and time again that to be a fallacy and that those who believe in it ensure we continually repeat mistakes of the past.
zmagen wrote:Those leaders didn't come from outer space, we're the ones putting them in place time after time.Do you seriously believe that. A choice between Stalin or Hitler is no choice when that's your only options. Candidates are preselected by parties. You get to choose between the candidates they choose to put in front of you. Regardless of who gets into power the corporate sector/1% will then pull their strings.
Honest democracy is an illusion but it's better than an outright dictatorship or theocracy. In reality we live in a plutocracy.