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  • Profile photo of kay henrykay henry
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    January 21, 2004 - 7:23 am

    Karan,

    In a property crash, you should “duck and cover”. That was the advice given by the American govt about if a nuclear bomb was dropped, and it still holds true today!

    Also- in a property crash- trick is to not hget in over your head. If people are worried about their situation, sell, sell SELLLL!!!!!! (panic is a good thing) ;)

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 7:16 am

    Maybe they’ll make you a Moderator, Props? You do have star quality ;)

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 7:12 am

    hmmm- appears we are being drappged off to the suburbs [8)] That’s gonna be weird for me, but I can do it- I’ve faced many challenges in life [:p]

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 7:09 am

    well, that knocks out anyone under 35-45!

    But young investors- i still respect ya!

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 6:59 am

    I am leaving on 9th Feb from here to go to austria, Matts. coming back for work on 15th March :)

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 6:55 am

    Well, i have a fetish about my gf- only her :o) The lads needn’t be scared [:)]

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 4:06 am

    Hey Matt- what’d you do with Mel? Don’t tell me she’s gotten into (gasp) *shares* ??

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 4:03 am

    yeah well, teddy’s an original bear, Matt- he’s only 10 years old!

    And if you’re coming to sydney in March, Matt- I won’t be back from Austria until the 15th March :+/

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 3:40 am

    hehe Chan- well, that was easy ;O)

    there is a meeting room about a cafe called The Green Iguana in Newtown. They only ask that each participants spends $5. Which is the price of a of a cofee and biscuit etc. You could meet there- but i am not an expert on venues- that’s the only place i know of :)

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 3:37 am

    ok Bears- thanks! I thought it might be used for everyone who approaches investing huge amounts of money into property and acts cautiously.

    But thanks for clarifying. Is this the meaning that you others have when you use the term?

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 3:17 am

    wtf is a tyrekicker? Can someone please give me a definition? I hope it makes more sense than “win/win’ with wraps!

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 2:52 am

    yeah, I can meet up then- it’s all good :)

    Rugby- they shouldn’t be scared of me- really, I’m a pretty gentle person :)) What makes me scarey anyhoo, Rugby??

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 2:47 am

    ChanDollars- Hellfire isn’t even on this weekend. But how many times do i have to tell you guys? A bunch of vanilla property investors (vanilla meaning not into bdsm) can’t go along to a fetish club and gawk *sigh*

    Hellfire is a nighclub with music. It’s not a venue for a bunch of people who think it’s all funny to go to- or are you just trying to fire me up, hmmm?

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 2:43 am

    yeah Rugby, I am a softy :o) No pink lacy doona for me- eeww- too girly [:(!] But I do have a teddybear I love- his name is “teddy” :)

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 2:35 am

    Well, Aussies come from a more critical perspective than, for example, americans might. Hence the “weapons of mass destruction” war…

    ryanmel- no offence taken :o) I merely think it’s funny when people suggest that folks who watch/read the media are herdish.

    When i was teaching, I suggested to students that they might watch SBS and ABC and offered some other media sources, as many of the students only accessed mainstream media, and therefore often got only one perspective about various things.

    I guess my point was that it’s a bit of a cliche to suggest the media is a lot of rubbish. If one approaches everything they read- including on here- with a critical mind, then one will always be safe from gurus and gods. It’s those that believe everything they hear who are likely to become cult-followers. but what can one do? I guess people just need to *believe* in something, and whatever is laid before them will become the new fad.

    kay henry

    Profile photo of kay henrykay henry
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    January 21, 2004 - 1:16 am

    hehe- you guys are funny :o) If you wanna find women, you need to hang on a knitting forum or something (an ironing board?) Property investing is still pretty much a guy thing.

    Anyway- aren’t a few of us meeting up for a drink this week? What am I? Chopped liver?

    kay henry

    Profile photo of kay henrykay henry
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    January 20, 2004 - 9:39 am

    Fair enough Rugby :O) And going out for a drink just means a liquid- not necessarily alcohol :)

    kay henry

    Profile photo of kay henrykay henry
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    January 20, 2004 - 9:38 am

    Nailwog,

    I don’t know about creating “instant equity”. Property isn’t a cake mix.

    Generally, it takes a while to have CG (presuming this is what you mean by “equity” in this context).

    The property market hasn’t shut down entirely in Australia. Many pundits will suggest that there is still some heat, for example, left in the Qld property market- due to strong immigration trends etc. So you could still make a purchase in the Qld market and hope the market might lift a bit.

    I bought a property 6 months ago- paid full price for it. Two months later, I got it revalued and it had risen 28% on its purchase price. So that is equity- but it’s not like I’d sell it or anything. The other thing with equity is that prices might go down, so equity isn’t a fixed thing. Guess that’s the risky thing about buying through equity- you don;t wanna end up having negative equity- that could shut you down.

    There’s no magical formula, Nailwog- just buy well.

    kay henry

    Profile photo of kay henrykay henry
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    January 20, 2004 - 9:29 am

    Oops, I posted this in the wrong place. Reposted below:

    Props- why can’t you come on Thursday? And Rugby- why do you have to ask your wife? sheesh. am i the only one with a bachelor lifestyle around here??

    (OK, so i changed a few words) :)

    kay henry

    Profile photo of kay henrykay henry
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    January 20, 2004 - 9:13 am

    You are so showing your age, Rugby! I used to have a lime spiders album- LP- hehe. And i saw PIL tyoo live once- dirty bunch of old ex-punks they were.

    i like H&C too- but their best song ever was their late one- throw your arms around me- *sigh* very nice.

    Props- why can;t you come on Thursday? And Rugby- why do you have to ask your wife? sheesh. am i the only bachelor-type around here??

    kay henry

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