Forum Replies Created
- alani wrote:hbbehrendorff wrote:What is with the idea that life is just one big never ending boom ?
Wealth does not come from the ether you know.
I have a question for you hbbe…,
What did 1 dollar buy you 200 years ago, what does it buy today and what will it buy in 200 years time?
hence property will start to boom, more money will be printed, distributed, inflation kept under control, businesses expanding etc.
IMO Property booms are created by govt so your so called NWO group can make even more money, not destroy the world.I partially agree with you that Government does play a role in creating these bubbles, But the main cause is the privately owned central banks as I have covered in previous posts
As for the dollar, Yes, Our dollar like all other made out of nothing fraudulent scam fiat currency's that can be created by the click of a button on a computer, Its made up wealth deteriorates by 5-10% every year, You could call it inflation tax. So obviously the number of digit's that represent the value of property is going to increase.
Everyone keeps going on about how the market will eventually turn around and profits and capital gain will be made again, I know that, Obviously property will be more expensive in 20 years then it is now, But what I am worried about is people who will loose all there life savings in the downturn.
You could have millions of dollars in the bank now, But it won't help you if Bread was $1000 a loaf, Fuel cost $20,000 a litre and a nice piece of steak cost $250,000
Go to Wikipedia and type in Hyperinflation, There is examples of over 30 countries that have experienced hyperinflation since the 19th century, Lets go through a few for the lazy people.
Argentina, 1975 to 1991: overall impact of hyperinflation: 1 (1992) peso = 100,000,000,000 pre-1983 pesos.
Austria: Between 1921 and 1922 inflation was 134%.
Bolivia: Bolivian note for 1 million pesos was worth 55 cents in US dollars, one-thousandth of its exchange value of $5,000 less than three years previously, Boliviano was replaced by the boliviano at a rate of 1,000,000 : 1.
Brazil: 1986 to 1994 1 (current) real is the equivalent of 2,750,000,000,000,000,000 of those old reals
China: 1948-49 The 1948 currency reform replaced the yuan by the gold yuan at an exchange rate of 1 gold yuan = 3,000,000 yuan. In less than 1 year
Georgia: 1994 In the 1995 currency reform, a new currency lari was introduced with 1 lari exchanged for 1,000,000 coupons.
Germany: 1923 1,000,000,000,000 old Marks were exchanged for 1 Rentenmark
Greece: 1944 The Greek inflation rate reached 8.5 billion percent per month (prices double every 28 hours).
Hungry: 1945 The rate of inflation was 4.19 quintillion (4.19 x 1018) percent
Israel: Inflation accelerated in the 1970s, rising steadily from 13% in 1971 to 111% in 1979. From 133% in 1980, it leaped to 191% in 1983 and then to 445% in 1984
Zimbabwe: Early in the 21st century Zimbabwe started to experience chronic inflation. Inflation reached 624% in 2004, then fell back to low triple digits before surging to a new high of 1,730% in 2006
United States: During the Revolutionary War, the Continental Congress authorized the printing of paper currency called continental currency. The easily counterfeited notes depreciated rapidly, giving rise to the expression "not worth a continental."
There are only some of the examples, But like every other time I talk about inflation all the lords of wisdom on this site poke silly remarks and say everything is fine and that everything will be fine and that inflation doesn't even exist, that it is just a conspiracy theory, Especially if I mention the word Gold, everyone will start laughing, But thats ok, They can continue to all live in there bank deposit's secured, Property boom 2009 fantasy world for now.
Hi
This is an old fashioned strategy which many will mock as it does not fit the modern stereotype of what your "ment" to do
1. Even though century's have passed since the Acquisition of your 2006 SS and you will be clearly made fun of because you didn't get a new loan you could'nt afford for the new model you decide to go ethiopian style and put it of, Just a little longer.
2. Your popularity rating will substantially drop but you stop spending $100 a week on the newest ring tone and just went for 1800's style ring ring custom tone
3. Instead of getting 4 pizzas on Thursday to watch Australian Idol you have a sandwich instead
4. Slave labor is bad but you decide to up the ante and work 35 hours a week from now on
5. Wow, Before you know it you have a nice big house deposit sitting in the bank, So you waddle down with your jeans that are now falling down your waist from consuming less pizza
In the US and A California experienced the biggest boom out of all the states, Consequently they have had the worst price crash with property selling for 50% less, On the whole America has another year or two of falling property prices, So you may very well see property selling for 40% of what its previous high was.
In Australia we are facing all the same problems as the Americans, But our boom was bigger, And then you get your average person saying property will never fall, Especially if you say 50%, But that is what is going to happen in certain places
I have read on this post people saying because of the increasing costs of building houses means therefore property can't fall in price, but this analogy is false.
If a ferrari is selling for $1,000,000 but only cost's $800,000 to build and they then lower there price to $800,000 this does not mean that demand for more ferrari's will increase.
As for all the blind faith happy ending people, Government is responsible for over 200 million deaths in the past century, All the positivity in the world would not have prevented these facts, This is unrelated but my point is that people should not be holding onto false hope and positive emotions, Actually thinking with emotion only leads to peoples downfall, Especially when it comes to Investing.
I think people should be looking at the facts AND history, the best and most proven way to determine the future is to examine the past, not astrology charts or false pretences !
If you have been planning on retirement this year and all your money was in the stock market, Would you have watched the charts go up over the years and hang on to the positive view that they will only always go up ? Because if you did and you had to pull your money out a few months ago, You would have been left with half of what you could have had.
But if you where looking at all the facts you should have come to the realization that we where almost at the peak of a boom, I know of two perfect examples for this story. one person I know said a year ago he should probably pull out of the stock market now because its obvious the boom is nearing its peak, But I guess emotional attachment and a sense of false hope stoped him and he has lost many hundreds of thousands of dollars this year because of that, If he where forced into liquidation this year he would have been ruined.
The other guy I know pulled out every dollar he had in the stock market 8 or more months ago because he acknowledged the facts and didn't let a sense of false hope or a everything is going to be rainbows and fairy floss mentality affect his decision.
I think that people should stop calling people who look at the facts "negative" or "Doom and Gloomers" and start calling them realists
What is with the idea that life is just one big never ending boom ?
Wealth does not come from the ether you know.
Hi, first thing you must know, Don't believe anyone who tells you anything, Generally in real life you should keep your empire a secret as there is many people who will to scam you, Especially people who will try and pretend to be your friends like real estate agents ect. Also people deep down are very jealous, There are many people who would try and make you loose your small fortune, The most important thing to do as such is to NOT loose any money (That may seem easier then it actually is) Also I would be very wary of so called "Professionals" If they where so good at managing and investing money, How come most of them don't have there own multimillion dollar fortunes ? The fact is that only you have your own best interests at heart
With the market how it is at the moment and the current trend (DOWN) I think you would be a lot better of staying away from property at the moment untill you can buy a lot more property for your money, Say in a couple years.
I would suggest placing most (80%) of your money in the commodities market at the moment, As this is where the best profits will be in the mid term future, People will say im crazy But Gold will double in price as soon as its manipulation becomes known. Also I think agriculture will have a huge boom within the next few years, Things like sugar have not increased in price for 18 years and have a lot of catching up to do.
The world literally runs of Oil and its also running out, we have seen huge drops in oil, But its only short term, You could quadripple your money in oil over the next 5 years.
When the time comes right to buy property I think commercial and industrial is the way to go, Office Blocks can generate a good income, (Many hundreds of thousands) a year, But then the government will absolutley slam you with Land Tax, Rates, Medicare Levy's ect ect
What ever you do be very carefull, Your only 19 and people will try and manipulate you for there own personal gain, I think you will find it very hard to keep your forture, So you have to try as hard as you can
Good luck.
PS: what part of QLD you live in ?
And anyone who does not approve is with Alkaida
I Can't wait until Lord Rudd renames his empire Austrasia
And I can't wait until we get police in darth vadar uniforms with light sabers… I mean tasers, Actually they where saying on the radio the other day that if we are "naughty" that the police will have to discipline us with there tasers, I can't wait, It will be like mummy chasing me around with the belt when I was 5, But with electricity
http://www.bmtqs.com.au/construction_cost_table.htm
So you could build an average sort of house with 300sq on the floor which would equal about a 800sqm house for about 300k
Well is it rendered on the inside ?
If its not rendered then its gyprock
PS: oh and about your other comment, your not going to save millions of dollars just buy changing the external linings to fiber cement.
Actually I don't really see how its cheaper at all considering the work is doubled up, You have to put on the blue board and then render it, As opposed to just laying bricks
I dunno, I just don't really like the idea of my house being 7.5 mm fiber cement sheeting on the exterior walls… You could break into the house with a little sledge hammer, And those houses that have the white styrofoam sheeting as exterior walls is absolutely pathetic, You could make your way into the house with a bic lighter
It seems as time progresses houses are getting more and more crappy, I mean whats next, Plastic roof trusses ?
Id rather buy a brick veneer house
Oh, and by the way, You said the internal linings of the house where also blue board, Are you sure of that ?
Yes, I know of someone who is taking part in this. The profits are not big but they are compounded many times.
I think he said they have claimed to double his money in 6 months, Is that what they told you as well ?
Apparently there is more then one company that does this kind of thing.
Its alright, Lord Rudd is going to to save us from the internet by slowing our speed down by 80% and banning any site that is contrary to the motherland.
Oh lord rudd thou art is so wise and wonderful may all sites show tribute to your wisdom by placing a picture of our emperor on the top of every website (Those that are not banned of course)
I wonder if a property investment site will be allowed on the internet for much longer ? Because we all know that entrepreneurs don't make good pleb slaves, And we should not allow anti motherlandish sites to be online that don't teach us all how to be good nwo slave workers
crashy wrote:why do you need to "upgrade" in order to not pay? more B.S
"I think a better way to do it is to hold the houses as part of your superannuation"
"But you can never get out of any tax, All you can do is play around with the timing."yet more armchair expert comments from Scamp I mean hbbehrendorff. again all B.S
if its ok with you, we will take advice from those WITH experience.
Its usually impractical to hold because you have too much equity tied up, and you need all your cash free to pay for the next deposit & reno. Even if you revalue, the bank will ask for 20% of the increased equity to maintain your LVR. eg:
buy – 250,000
reno – 50,000
revalue – 400,000Initial capital required = 50k deposit + 50k reno.
your equity was originally 50k (20%). to maintain your LVR, the bank will ask for 80k (20% of 400k) deposit. that means that although you made a profit of 100k, the bank will only let you have 70k more. This means you have 50k cash for another deposit but only 20k left for a reno. Then you have nothing to live on or make repayments, so in reality you have nothing for a reno, so it cant be done. you MUST sell.Are you feeling alright ? don't you already have enough prozac in your water supply ? Maybe you missed the footy ?
I would not have any clue as to what im talking about because I have not had any experience with this matter dozens of times before, Unlike people who buy a house and call themselves multi billionare dollar super property investors
The facts are your only exempt from CGT on your own personal place of residence.
Sure you can make a profit from doing it up and selling it, But if you go and use that profit to buy yourself a brand new FPV then your not exempt anymore.
When you sell your PPR you have to spend it back into another PRR.
bardon wrote:Adding living space is something that has worked for me. Building underneath Queenslander style homes. I have done it slowly though and lived with my family upstairs while doing this. This also negates CGT when you sell or transfer into trust.The current house a queenslander that I live in has a lot of space it already is built in underneath and we will probably modify the floor plan sometime. When I do I will make sure that I increase bedrooms as I will trun it into an IP some time in the future.
But your only exempt from CGT on your PPR, Which means you have to continually "upgrade" to a dearer house in order to not pay, But you can never get out of any tax, All you can do is play around with the timing.
I think a better way to do it is to hold the houses as part of your superannuation
All im doing is looking at the facts and comparing them with history.
If 1 + 1 = 2 100 years ago then it will probably still equal 2 today.
I have made many factual arguments in previous posts, Things that are not just "My opinion" but undeniable mainstream media facts.
Australia having the biggest housing bubble in the world, Even greater then that of america's is not my opinion
Australia's 20 billion trade deficit is not my opinion
Commodity prices loosing 50%+ is not my opinion
2/3 of Australia's exports coming from Commodity's is not my opinion
RBA being a private central bank is not my opinion (Read my previous post on RBA's history)
Banks restricting money flow is not my opinion
Australia's 50 billion dollar credit card debt that has doubled in the past few years is not my opinion
Unemployment rising is not my opinion
The U.N, IMF, Bilderburg group, New world order and Trilateral commision's existence is not my opinion.
Im sick of every time I say something people calling me a conspiracy theorist, Doom and glomer or just saying "Well thats just your opinion"
It's like me trying to tell everyone the sky is blue and then everyone says im full of bs.
TheYoungInvestor wrote:I doubt you could buy shopping centers for 1 mil.that's BS……. sorry mate.
See, here comes some more arrogant dribble, I say shopping center and then you just assume im talking about pacific fair
crashy wrote:a little knowledge is dangerous, eh hbbehrenhdorff?
I giggle every time you talk about the share market like you're some kind of guru.
you CLEARLY don't have the first friggin clue!
??
Australian Dollar May Hit Record Low, Strategist Says
By Candice Zachariahs
Oct. 30 (Bloomberg) — The Australian dollar may fall to a record low next year, possibly dipping below 40 U.S. cents for the first time, as slowing growth in emerging markets cools demand for the raw materials exported by the nation.
The currency, known as the Aussie, has dropped 31 percent since reaching a 25-year high of 98.49 U.S. cents on July 16, sliding as prices of crude oil, gold and nickel declined. It reached 47.75 cents in April 2001, the lowest since it started trading freely in 1983.
“I can see it certainly dropping quite sharply from here,'' Carlin Doyle, a London-based currency strategist at State Street Global Markets said in a telephone interview. The Australian dollar could fall “below the 40 cent level and I can see that happening in the next year or so,'' he added.
The forecast is based on the assumption that the current pace of dollar repatriation will continue as investors sell emerging-market assets around the world, causing the U.S. currency to overshoot by as much as 30 percent, according to State Street.
Australia's currency was at 68.00 cents at 1:39 p.m. in London today, from 66.80 cents yesterday.
The currency advanced to its July high as surging commodities prices and a benchmark interest rate of 7.25 percent helped attract investment. It has been the worst performer of the 16 most-traded currencies against the dollar and yen over the past 3 months as a seizure in credit markets fueled concern the global economy is headed for a recession.
Yes, In the 20's the elite family's who own the worlds banks sent down orders through the command line to call in loans, stop lending and contract the money supply though there bank monopoly, This is what caused the great depression. These are the same family's who consolidated even more power and added great wealth to there fortunes during the weakening of the depression.
It looks like the they are sending down the same orders once again.
Permit me to issue and control the money of the nation and I care not who makes its laws. — Mayer Amsched Rothchild
Lets learn a little Australian history shall we…
*In 1911, legislation established the Commonwealth Bank of Australia, the first Commonwealth Bank Act gave the Bank only the ordinary functions of commercial and savings banking; the Bank did not specifically have a central banking remit and it was not responsible for the note issue
*In 1920, responsibility for the note issue was transferred from the Treasury to a Notes Board (consisting of four members, appointed by the Government)
*In 1924, the Commonwealth Bank Act was amended and the Bank was given control over the note issue. Management was then vested in a board of eight directors, including ex officio the Governor and the Secretary to the Treasury. From this time until 1945 (when there were major changes to the legislation), the Bank gradually evolved its central banking activities, initially in response to the pressures of the Depression in the early 1930s and later by formal, albeit temporary, expansion of its powers under wartime regulations. These included exchange control and a wide range of controls over the banking system (including authority to determine advance policy and interest rates, and to require private banks to lodge funds with it in special accounts).
*The new Commonwealth Bank Act and the Banking Act, both of 1945, formalised the Bank's powers in relation to the administration of monetary and banking policy, and exchange control. Under the 1945 legislation, there ceased to be a board, which was replaced by an advisory council of six, comprising entirely officials from the Bank and the Treasury
Reserve Bank Act 1959 – http://www.comlaw.gov.au/ComLaw/Legislation/ActCompilation1.nsf/framelodgmentattachments/C6ABB60CB7F77F69CA2574F000805C0E
This is from the FAQ section of the Reserve Bank's website.
1. What is the Reserve Bank of Australia and who owns it?
The Reserve Bank of Australia (RBA) is Australia's central bank. Its role is set out in the Reserve Bank Act 1959. The Bank's main responsibility is monetary policy. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system. The Bank is wholly owned by the Australian Government, but is not a government department. For more information see about the RBA.
But wait a minute, If your telling the truth, how could the RBA be owned by the Australian Government and at the same time not be a Government Department ? this makes no sense.
Also if it is the RBA who lends money to the Australian government which the Australian government pays back with interest, Why would the government lend money to itself in the first place ? And why would the government charge interest to itself that it is going to apparently pay back to itself ? Where exactly do the profits from the RBA go ? Why are they not on a government Income/Expenses sheet ?
The truth is that the RBA is not Owned by the government but elite familys, The same familys who own the American Central Bank and the Central Banks of Europe, It is within there own personal benefit to play with the world economy, rack up huge government deficits and send entire countries into total financial oblivion, Remember wealth isnt destroyed only transfered.
But is it enough ? Of corse not, Now they have bribed the governments of the western world to push the C02 agenda so that YOU the Australian Tax Payer have to buy carbon credits from them ! Credits they make out of thin air ! Wake up people, Educate yourself.
what ? Your asking other people what is the best ? Do you have a calculator, pen and paper ? Can't you figure it out for yourself ?
There will be such awesome deals coming in the future, It really is very excite, I can't wait.
You will be able to buy good homes for 200k, land for less then 100k, Office Blocks will be reduced a few hundred thousand and you will be able to buy shopping centres for only 1 mil.
If you really want to make money now you should be playing the stock market every day, And pulling out all your cash at the end of each day.
The volatility in the market the past month has been awesome stuff. You can make a few percent on the market every day !
You could have made 10% on monday in 1 day !!
