You are quite the aficionado, Gatsby! Give us a review later

kay henry

gloryboy,

Yep- the 7-10 year figure is usually the one use used (by Somers etc).

Alf, I can’t comment on your figures, but the question is an important one. The premise of CG is what I’m wondering about. Ya know, in 2004, if you buy a property, there might not be growth at all- for some years. I bought a property and for 4 years after I bought it, there was no growth and negative growth in the area.

I never presume growth. I may hope for it, but I won’t assume it for purchasing reasons- not in 2004, at least. So when I discuss growth properties (oh, and I do do that [blush2] ) then I guess I am talking about the kind of locations that *have* traditionally achieved growth. However, past performance is not a complete indicator for future growth. [baaa]

I think property is an *investment* meaning I put money into it. I just don’t wanna put in too much. Point of this post is… some propertiesd that are negatively geared now… may be much more negatively geared in the future if oversupply (-> static or reducing rents), and/or rising interest rates, and/or negative or no growth, occur. There was no growth in pre-boom times, in many areas, and that may occur again post-boom.

kay henry

Anything starting with “Mount” (I kid you not). Go through realestate.com.au and check out the places starting with Mount.

kay henry

Tman,

It’s possible you could put up a “for lease: Unit blah” sign in the apartment block, and a resident in the block might have a friend who is looking for a place. Or the resident may be paying more rent currently in their unit, and may want to move into yours.

kay henry

PK,

I just went to google.com.au and looked up “katanning” (australian sites only). The first site I looked at was the Council website, and then I looked at the minutes of the last meeting, which is where I saw about the abattoirs. Then I went to that article I provided the link for, and read it. As you can see, it’s a research report done by someone at the Uni of Tasmania, and the focus is on Katanning’s access to VET. But it had so much good info about everything, that I thought I’d post the link. Actually, I’ve found some VET reports and research papers to be very valuable, because many of them discuss the issues of small and rural communities, so they’re really comprehensive.

rjk, I don’t think there’s any *organic* reason not to buy multiple properties in one location- it would depend on the location. I would buy multiple places in the locations I have bought into- *if* I could pay the same prices I have paid- but no point living in the past :o)) It’s a matter of assessing “risk vs reward”, I guess, or doing a cost/benefit analysis or whatever. As I guess you’d have thought about, rjk, really small communities can have more risks sometimes than larger communities can, but if you think your properties are sustainable, then why not?

kay henry

Dear Mr Gatsby,

I checked Landmark Education on google. Here’s some reading:

Here’s their own site:

http://www.landmark-education.com/

Here’s an aussie critique of them (article says they’re a cult):

thingy.apana.org.au/~fjc/scn/mirrors/www.caic.org.au_80/zforum.html

60 Minutes is doing a story on them- check this out:

“Have you been to a Landmark forum? 60 Minutes would like to hear from anyone who has done a course with Landmark Education in Australia. Please e-mail us, phone 02 9438 3433 or fax 02 9436 0527.”

http://sixtyminutes.ninemsn.com.au/sixtyminutes/

It might be worthwhile waiting until the story comes out to see what it’s all about.
________________

Gats, if you look up “landmark education cult” on google, you’ll come up with a heap of articles :o) I like this one:

http://www.rickross.com/reference/landmark/landmark72.html

(interesting that it says that the Scientologists tried to shut Landmark down because it’s a competitor- hehe- I didn’t know cults were so competitive- that’s not very caring of them![baaa] Here’s an excerpt from that article:

“One section of The Forum he attended, Plywaski says, was a “fear session” during which participants were asked to close their eyes and imagine that the person sitting next to them wanted to kill them. “Then it was all the people around them,” he says. “That brought on the first moans and cries. Then it was all the people in the room wanted to kill them. There were screams.

“By the end, everyone in the world wanted to kill us. I cheated and opened my eyes. There were people writhing on the floor, kicking and screaming…just like at the old tent revival meetings. And what is the purpose in either instance except to instill fear so that you can control them…’Only Jay-sus can save you’…’Only Landmark can give you heaven on earth.'”

“They want to replace your individual values, experiences, morals with their values, experiences and morals. Your way of looking at the world with their way of looking at the world. Your mind with their mind.”
____________________________-

Gatsby, if you remember hearing of the names “The Forum” and “est”, these are the same people. Different names, same cult.

Also they use lots of psychological drama stuff- regression, gestalt.. all a bit dangerous in the hands of the novice.

Thousands of dollars for therapy, basically- and very expensive and dangerous therapy- probably by unqualified salespeople.

kay henry

Gats,

People can make up an email and a nick and avatar, but it’s pretty easy to tell who the multiples are due to their spelling and grammar… not to mention their IP address

kay henry

Dragons,

There’s a number of courses that are a mixture of accounting and property, such as this:

http://www.dab.uts.edu.au/propertyeconomics/courses_structure.html

… and this…

http://graduate.unimelblaw.com.au/gradlaw2004.nsf/2003archives/730-655-2003?opendocument

Many subjects might be in different areas- some specifically business/accounting, others law/accounting; or real estate/accounting. You could probably study some subjects externally to your current course, to get the kind of specifics you need. It’s possible that these could then be accredited to you later through another institution.

kay henry

rjk,

Here’s an article which discusses manydemographic details of Katanning, including population, age distribution, industry/employment, education, … plus lots of stuff about the issues facing the town. It says that the trend of the leaving of youth from Katanning is second only to Broken Hill. for those interested, Katanning has a population of over 4000.

http://www.crlra.utas.edu.au/files/rolevet2/Katanning.PDF

rjk, if you check out the latest minutes from the last Katanning Council meeting, it has details of the negotiations about the abattoirs.

kay henry

Beachfront,

A quick look at that site, suggests it is lease options they’re talking about? And they’re targetting people who earn 46k per year (the average aussie wage) with a challenged credit history… so I guess many of the eligible won;t be traditional wrap clients.

kay henry