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  • Profile photo of kay henrykay henry
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    Rugby :)

    I don’t think you’ve “lost the vision”. I think you’re “entitled to your perspective” :))

    As for me, I enjoy the discussions and the perspectives. I don’t want to hear just one perspective that puts you down if you think differently.

    When you discuss reality – you are discussing “your” reality, and that’s really important. I would much rather hear about people’s REAL life, than mere dogma.

    kay henry

    Profile photo of kay henrykay henry
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    Mel,

    You “control” more than 3 million bucks real estate? You must be bloody good for a loan [:)]

    kay henry

    Profile photo of kay henrykay henry
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    Bears, I think the other thing is, people need to take their time making decisions about RE. None of us buy the first house we see. Everything is an *option*- as it should be- we can’t rush in when we’re spoending large amounts of money- so many decisoins to be made- and so many properties to choose from!

    I know you’re a “doer”. But all people on here are at a different stage in life. Some of us are just fairly new folks- and it might be the only 20K we have in the world- so we have to spend it wisely. what we spend that 20K on could be the best decision we ever made- or the worst.

    I am only a “doer” when everything feels right for me. When it doesn’t feel right, i will pull the hell out. There is a saying: “It takes 4 generations to build an empire- and only one to pull it all down”. It takes heaps of time to save money- and only a small amount of time to lose it.

    That’s why some of us are so cautious Bears- it’s all we have.

    kay henry

    Profile photo of kay henrykay henry
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    God, it’s hard enough findimng one good/normal tenant. finding people who are not maniacs for a whole block of units! The mind boggles! [8]

    kay henry

    Profile photo of kay henrykay henry
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    We need to think about wages, and rents, and *benefits*. Let’s face it- a lot of the tenants of these CF+ hpouses are beneficiaries. Unless the govt puts up benefits (which seldom happens- even after the CPI was 6% after the GST came in, the govt only gave pensioners a lousy $4 extra- grrr).. then you can forget putting up rents substantially.

    we need to think not only what the *median* wage is- for those on hte median wage probably have their own PPOR- but what the wages of those are who are renting- students and other low income earners. Can we see Austudy rising substantially?

    Pozz gearing (in this climate) means buying houses cheaply- probably undervalued, and then charging high rents.

    It isn’t a matter of arguing pozz vs neg gearing anymore. It’s becoming more of a practical reality that the only pozz geared places are in broken hill.

    There was a discussion before about sydney. I said I didn;t believe there was *any* pozz geared (residential) places in sydney. I maintain that.

    When we hear “pozz geared houses are all over hte place blah blah”, I think we should look at our own experiences to wonder whether that is still currently the case. If we have to go “beyond regional” to find some 40K house in a place that has declining population, many of us will wonder if it’s worth it.

    Pozz gearing is a nice idea, but given that pretty much everyone in australia is more RE savvy these days, and so many people have IP’s, pozz gearing is something to hope for- but it’s only one strategy.

    I’d rather look at location, location location these days.

    kay henry

    Profile photo of kay henrykay henry
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    goodness me, jancrows!

    you said:

    “Your pic aint bad too. If I still had the girls at home Id say “Tom Cruise” has nothin on this guy whose coming for a roast lamb dinner. !!”

    Seems to me you have a little penchant for sis yourself, jan! Which is, of course, all good!

    kay henry

    Profile photo of kay henrykay henry
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    Well, you know me, Pisces- it sucks being a “bleeding heart”, but what can I tell you ;)

    I tend to think we can justify anything. For example, we can justify jobs going offshore- as Testra is about to do- lose 400 australian jobs because they want to pay poorer wages to Indians. For me, it’s hard to justify profits over people.

    Regarding repo RE, Pisces- I can see what you’re saying. I have made decisions not to deal in the pensioner market, nor the wrapping market, nor the “old guy who doesn;t know what his house is worth” market. Nor the “death, divorce, drought” market.

    I think if a house was under foreclosure, I wouldn’t be able to feel happy about the purchase. I can’t bear human suffering. [:(]

    I think i would have to give someone who had foreclosed absolute market value for their place. That would be truly “helping” their situation. Firesale prices really only help us- not the person who is down on their luck.

    kay henry

    Profile photo of kay henrykay henry
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    elves,

    Yeah, I wonder how aged pensioners could afford $150 a week too. And if the coy is going to subsidise them for 25 years… well, you’d have to hope the coy would be around that long… I wonder what it would be like for them- living in parkes… how many facilities for ages people would there be there? And i wonder how the coy finds them! Advertises in the local pensioner mags?? It all seems a bit sad to me.

    Pisces- yes, it’s a record [:I]

    kay henry

    Profile photo of kay henrykay henry
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    Mel, I felt like homer simpson trapped in his 3D world writing the words, but unable to post- it was so scarey! hehe

    kay henry

    Profile photo of kay henrykay henry
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    mano,

    I am not sure I use the model of “practice” and “person”. I only think about practice- the individuals who do it are pretty much irrelevant to me.

    If people chose to provide rates equal to average market bank finance (to “help” first homebuyers) to own their own homes- god, i would be the first to applaud that kind of charity.

    If they also found cheap homes (without ripping off the vendor from whom they bought it- probably some poor old guy who doesn’t know what his house is worth, or someone who just got divorced and needs to sell up), and they then onsold the house to the wrappee for the same amount paid for purchase- then I would also applaud the lovely form of charity of putting people into their first home.

    See? I have no problem with helping out first homebuyers- and no doubt they would be incredibly appreciative of this kind of assistance. I guess it would be a way for people -who beceme millionaires from the property boom- to give back something to others who want to get into their own homes.

    so mano- for me, it is not about who does wrapping- if my mother did it, I’d still despise it.

    Provide housing at market rates of interest, and provide a home to first homebuyers at the amount you paid for it. Then I might change my opinion :)

    Oh, and by the way… not all of us are hypnotised by the “hype” on tv… some of us just think independently, and others agree. if I wanted to be popularist, I’d be silent about the things that i feel are important. but they seem so important, that I feel I need to speak. The media has nothing to do with it. the media just is a part of me reading 4 newspapers a day, reading articles all over the web etc etc- the “due diligence” of reading all the perspectives i can lay my hands on.

    kay henry

    Profile photo of kay henrykay henry
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    Wouldn’t it be good if these salespeople- for example, amway- were buy and hold? Why do they wanna flip their goods onto us?

    Financial freedom comes in many ways. it’s amazing that people think if they have ten pozz cashflow houses, they’ll be financially free. i have much more income working in a job than i will ever get from RE. I also have things like:

    * social contact
    * development and use of skills
    * respect from colleagues and others I work with
    * satisfaction of completion of projects etc…

    Why are people all trying to quit the workforce? what are ya gonna do then? (this is serious folks- I know you might have visions of floating down the riviera- but really…)

    Employment can offer us many things in life. We can have employment PLUS investments- it isn’t so bad :O)

    kay henry

    Profile photo of kay henrykay henry
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    Leigh,

    I think you should have taken home that particular piece of eye candy and taught him everything you know about RE :o)

    kay henry

    Profile photo of kay henrykay henry
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    se7en, info regarding permissive occupancy lease:

    http://www.dlwc.nsw.gov.au/landnsw/llsd/licences.html#permoc

    kay henry

    Profile photo of kay henrykay henry
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    Elysium,

    In the likely risk of being chucked off, I’ll pvt msg you re your question :o) Suffice to say nothing I would be involved in would be sinister, and I guess risque is in the eye of the beholder :O) I just like going out, dressing up and hanging with my friends. The places I go would be no more sinister than so0me of the property seminars that people attend :) Now some of them- totally scarey!

    kay henry

    Profile photo of kay henrykay henry
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    Am i still flooded? This is a test.

    kay henry

    Profile photo of kay henrykay henry
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    There’s nothing wrong wsith being upfront and open, Bears- as long as you are dealing with other people who have no hidden agenda.

    Keep the good qualities of who you are- and other people will respect you. Otherwise, you’ll become the same as the rest of the hard-arsed losers. don’t become hard because you’ve been messed over- ther’s a difference between being savvy and being hard :o)

    kay henry

    Profile photo of kay henrykay henry
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    Matusik is considered to be the expert on property in Brisbane. Go to:

    http://www.matusik.com.au

    You can check out the “snapshot” newsletter he does- and subscribe to it. Also, type “matusik brisbane” into http://www.google.com and go to australian sites only.

    Australian Property Investor magazine always quotes him when they do articles on Brisvegas.

    kay henry

    Profile photo of kay henrykay henry
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    Bearsy,

    I tend to think that people make inquiries but don;t necessarily follow through with them. How many times do we ring RE agents to ask about a property, but we don’t follow through? Quite a few times, I think. Remember too, that some people are “plants”. They will be trying to find out what you know, who you are, who aligns with you, etc. those who are legitimate, will be the ones who are open and transparent. But just asking people to email you- well, who knows who they are? This place is full of plants.

    bears- it’s always hard to work independently. People might be scared that if something went wrong- and they buy a lemon- and regret their purchase- that they won’t know what to do. I guess it’s about people building a relationship with you- you having a coffee with them or whatever- so they can see who you are and what you can do for them- they will be paying money to you after all. Trust has to be *built* before people will pass over money.

    But i wish you the best of luck with what you’re doing, Bears. You seem like a nice guy :)

    kay henry

    Profile photo of kay henrykay henry
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    No problem Pisces :+P I have a girlfriend- her pic is posted up with mine on this site somewhere. I call her my girl because she is :o)))

    kay henry

    Profile photo of kay henrykay henry
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    Thanks for the question, monkeybam ;O)

    I was thinking this myself on the way to work this morning. Part of Anita Bell’s strategy for wealth is to drive a tragic old car around – because a car is bad debt, and will drag you behind. I guess people imagine this life of when they are old and rich due to all their pozz cashflow investments… but when do you enjoy the fruits of your labour (or the fruits of your tenants’ labour)?

    I bought myself a great car on loan a few years ago- still paying it off, but I can do that now due to a CG on a property. I don’t wanna live like a pauper. in my 20’s, I was poor due to being a student and consolidating my career. Now that I’m in my 30’s and I have some money, I want to realise a lifestyle.

    for the folks who have the dream of being financially free and being able to retire, I hope that works out for you. Because if it doesn’t, you’ll spend years sacrificing holidays, and sacrificing the enjoyments of life, and the dream may not occur anyway. you could work your fingers to the bone to be financially free and global markets and a range of things could occur in life that could raise interest rates, bottom out the market of RE, or any old thing.

    It reminds me of those people who spend their lives waiting to get to Heaven, and miss out on the things on earth because of it.

    If you are gonna retire rich, you probably are already rich. This is not me being “negative”, this is me being real.

    I want to live my life now- enjoy it while i’m in my 30’s, and then 40’s, and 50’s. Then when i’m in my 60’s, I will be enjoying it too :o)

    I think because I like my job, I don’t see it as being “financially free” to just invest in RE. I am already financially free- I have a job *plus* RE. I tend to think some people will have 30IP’s and still nenver feel free- freedom is how you feel inside- not just having a few regional properties.

    kay henry

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