Forum Replies Created
What’s confusing you there, Ted?
) I said Taxes are not fundamentals to me- god, I’d be a basketcase if i just freaked out every time a new tax came in. I don’t get joy when a tax break comes in and have a breakdown whenever a tax decision might go against investors. (In fact, I think we should pay taxes- I know- wierd huh?) Soi taxes have little to do with decisions I make. In fact, let’s look at the exit duty in nsw. What it meant was that the market chilled a bit in nsw, but i also have a place in Qld- so perhaps the nsw duty was advantageous to me in some way, becaudse some nsw investors took their purchasing power there. But looking at nsw, the market cools a bit due to a tax, so now property becomes more affordable, so I can buy in nsw. Not only that, but I can buy in the middle of sydney! What the tax meant to me is that now I have a firm buy and hold strategy, so I bought this property with that in mind. So perhaps the new fundamental (based on the tax (not a fundamental) is that the place I buy has to not fall down over the next however many years But that would be a fundamental to me anyway.Ted, I put in my list of fundamentals, future development. I know there is a great deal of development happening in the place where I bought. The nature of the development will mean that it will be good for my property when it occurs.
Each property can have a distinct set of things to consider really, but an urban property has a set tha stand out. Probably the same set would really apply for my investing anyway.
What do people consider “fundamentals” to be?
kay henry
Anyhoo, did Mr Sutton get a bank loan? If so, the bank valuation must have come up to scratch. I mean, Derek, I could go out now, get some crap valuation on an IP, and then say the developer I bought the property off gave me a wrong valuation. As forum members on here have mentioned, they get different (and crappy) vals all the time- who hasn;t at some stage?
I’m all for people not getting ripped off. But I just think the valuation business today- sheesh- perhaps it needs an overhaul too? Derek, I know we’re on the same wavelength here
Just adding more thoughts as they come up kay henry
wezwas said:
“A common question I’ve heard when talking early retirement is, “but what would you do with all that time?” Easy. Enjoy myself by doing anything I want, not because someone told me to (a boss). I generally think people who pose this question must have few hobbies or can’t think of the possibilities.”
wewaz- I think it’s great if you are truly happy doing whatever it is you do in your leisure time
I guess I just see life as many things- a combination of leisure and using one’s skills for other things- like work. Life to me is a balance, and work sits happily- for me- in that balance.Many of hte people on this board who talk about “retirement” also say how much they hate their job. Many of the already “retired” ones, used to hate their job. That’s why people talk about the “rat race”.
There is a common saying “If you enjoy your work, you will never work a day in your life.” I like that saying- why not “retire” into ones work? :o)
But for all those who are able to retire and do all the things they love: [thumbsupanim] Just a question… Whayt kind of income would people feel comfortale to have in “retirement? I am particularly interested in the experiences of those who have already retired early… 50k? 100k? Less? More?
kay henry
Thanks wayne for posting that :o) When Ian McFarlane says it, people should listen, I reckon. Oh well, buyer’s market!!
Wayne, as a matter of interest, you invest in IP’s, yes? I know you do shares also, but are you into property? Will you be buying in this flatter market, wayne?
kay henry
Yeah, what Simon says [hat]
)kay henry
NEWGEN,
My guess is that the new lender will use a new valuation- you think they are not gonna squeeze every cent out of you? hehe- that’s why they’re called “banks” and not “charities” [biggrin]
I am glad you are [inlove] with your IP. It’s better than it making you feel like this: [puke] Sounds like a great place, NEWGEN- Congratulations on your purchase
)kay henry
) I said Taxes are not fundamentals to me- god, I’d be a basketcase if i just freaked out every time a new tax came in. I don’t get joy when a tax break comes in and have a breakdown whenever a tax decision might go against investors. (In fact, I think we should pay taxes- I know- wierd huh?) Soi taxes have little to do with decisions I make. In fact, let’s look at the exit duty in nsw. What it meant was that the market chilled a bit in nsw, but i also have a place in Qld- so perhaps the nsw duty was advantageous to me in some way, becaudse some nsw investors took their purchasing power there. But looking at nsw, the market cools a bit due to a tax, so now property becomes more affordable, so I can buy in nsw. Not only that, but I can buy in the middle of sydney! What the tax meant to me is that now I have a firm buy and hold strategy, so I bought this property with that in mind. So perhaps the new fundamental (based on the tax (not a fundamental) is that the place I buy has to not fall down over the next however many years 
But that would be a fundamental to me anyway.
