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kay henry
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May 12, 2004 - 4:41 am
Ted, there’s no herd. There’s just a bunch of individuals who have different ways of thinking. Generally, different perspectives are appreciated by many of us. Abuse is another thing- I don’t tolerate that at all, but I do love to hear differing perspectives, and so do many others, so never mind about the herd.
We are all “positive” and “negative” about different things. some of the neg gearers are absolutely oppositional to pozz gearers and vice versa- hence, being positive and negative depends on where you’re coming from. I would say, for example, that most on here were very “negative” about the exit duty in nsw- whereas it didn’t bother me. Some people are very “negative” about using depreciation to make deals work- that’s a “positive” thing to me )
Just speak your mind, Ted- no matter what the issue, and chances are, some people will agree and others won’t- it’s all part of a discussion board.
kay henry
kay henry
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May 12, 2004 - 1:56 am
<off topic, richmond>
kay henry
kay henry
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May 12, 2004 - 1:42 am
Mini, <edited by richmond -off topic>
kay henry
kay henry
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May 11, 2004 - 5:06 pm
Actually Mini, I wasn’t here around the times of the BillfromOz thing- i was on a conference in Qld, and came back to see heaps of posts deleted and people gone. I have no issue with people expressing their opinions. I am opposed to name-calling. You calling me a “goose” is unnecessary. I have no idea what “psychobabble” you are referring to.
Anyway, Mini- i am sure other members of the forum would prefer to see issues discussed instead of two members having this kind of personal conflict.
kay henry
kay henry
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May 11, 2004 - 1:09 pm
LifeX,
There is a topic on this somewhereon this Forum. Look it up in the search engine :o) I posted some links for the legal situation of Australians in this regard.
kay henry
kay henry
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May 11, 2004 - 10:27 am
Pisces,
Getting, also putting a 20% premium on the house (so that makes it not 350k, but 420k), I doubt in a flattening market, you’d find anyone to do it. I really thiunk if they had enough money for a deposit and the premium, they’d probably find other ways to finance than wrapping, no matter how bad their credit record was.
kay henry
kay henry
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May 11, 2004 - 7:40 am
wow- Bill’s risen from the grave again :o) PI.com’s very own Lazarus. How are ya Bill? How’s the RE market in Canby going?
kay henry
kay henry
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May 11, 2004 - 5:08 am
Multiply by 500? hehe- yeah, i know that’s the way you are *supposed to do it. I look at the
purchase price and then double it for rent. So:
50k = 100 bucks rent per week.
100k = 200 rent
200k = 400 rent.
It’s the 1/2 second solution.
kay henry
kay henry
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May 11, 2004 - 4:21 am
hehe Monopoly.
skwebb, I mentioned a place where these CF+ exist the other day on here, but I got howled at, so I won’t mention it again :o)) oh ok then- broken hill!
It really depends on what you’re looking for, skwebb. Read as many books as you can, scan the RE websites and the weekend newspapers … and then decide what’s best for you.
kay henry
kay henry
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May 11, 2004 - 3:43 am
yack- 1000 per annum per property? Does that include rates, water, insurance, possibly landlord protection insurance, depreciation schedule, repairs? sheesh- your places must be maintenance free, mate!
cremin, I think your question was a very worthwhile one. The only way passive income changes is by rent rises yes. But that’s assuming we only have 1 place. The theory and practice is, to keep buying more and more properties. So that 100 bucks becomes 500 bucks etc. And then, in say 2 years time, with market rent rises or some improvements to the property that might warrant a rent rise, that passive income might become 600 a week- not from a new property- from your existing ones.
But generally, Cremin- we don;t rely on rent rises to make money in this game- ya godda keep buying more properties
kay henry
kay henry
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May 11, 2004 - 2:28 am
g7 :o)
I’m a researcher, policy analyst and advocate.
I’m afraid you won’t get many replies to this post- most people here in PI.com have “retired”- hehe )
kay henry
kay henry
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May 11, 2004 - 1:43 am
Looks like most of us live the lives we’ve always led, really. I have always gone out to dinner and spent money on consumables- that hasn’t changed. For those who stay at home a lot, it seems like they still do. We all probably went on holidays and did our hobbies all our lives – even before our great wealth :o) Has life really changed for any of us?
kay henry
kay henry
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May 10, 2004 - 4:27 pm
DD, There hasn’t been any aggro for 15 posts. People have been discussing the economics of what a crash might be, as per topic.
DD- how’s the market where you’re investing? Do you think the property market might crash? or merely cool?
kay henry
kay henry
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May 10, 2004 - 4:19 pm
DD, that’s possible. But people have exptressed opinions after that discussion occurred. I think they made their voices pretty clear.
kay henry
kay henry
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May 10, 2004 - 1:23 pm
geo- well done :o) It is possible to get one IP on a low income, maybe even a few :o)) geo, you don’t have to have a lease contract on hte place YET to purchase it- just a letter from a RE stating it’s expected market rental value.
kay henry
kay henry
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May 10, 2004 - 12:23 pm
Marc,
You asked:
Kay Henry, your opinion is interesting (do you have children?), you seem to see it from “the other side of the fence” as a kid would. Why would one sibling resent the other? why in deed! I know I did. When my parents split up my mother put our house on my brother’s name to keep it from my father. We where 18 then and I did resent it.”
Well yes, I will always be my parents’ kid. So will the rest of my siblings. My parents love us all equally, but sometimes each of us need different things, because we are all different people. In my family, not only do we have parental support, but support from siblings. We all have different relationships with our parents than the other does, and with our siblings too. We just don’t do the jealousy/resentment thing- it’s not in our makeup, I suppose, and I feel lucky for that. That doesn’t mean we all get along all the time- not at all, but if someone needs something, that’s always been between the two parties- whomever that might be- and not a “family affair”. We would be considered a very emotionally close family, and I guess that means that finances are not hugely interesting regarding “allocation” because we are all so VASTLY different to one another, so we never compare ourselves with the other. Hope that makes sense, Marc – it’s just desiderata (“never compare yourself…”) in practice.
kay henry
kay henry
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May 10, 2004 - 11:27 am
DD- good for you :o) I love property with a passion too. You’re in good company [biggrin]
kay henry
kay henry
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May 10, 2004 - 10:57 am
Boom Crash Opera folks [cap]
http://www.theaustralian.news.com.au/common/story_page/0,5744,9454466%255E25658,00.html
“While the figure was dragged down by the normally sluggish Easter weekend, it hovered around the doomsday 40 per cent mark, which would signal a crash.
“Anything under 40 per cent and things are looking pretty scary,” said Louis Christopher, research director at Australian Property Monitors.
_____________________
Well, there’s something I was looking for. According to the article, 40% means a crash!
Here’s a crash face: [weird]
kay henry
kay henry
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May 10, 2004 - 10:48 am
BBruham said:
“Bad debt,Cars,stereos,credit cards, etc. And of cause the worst kind- women.
Dump the girlfriend,sell the car, cash to the credit cards.”
hehe, BBruham- that has to be the funniest thing i have heard for a long time- this is 2004, BB- not 1957. I do hope VIP (if he exists) HAS a gf- women are in a pretty good financial position these days in their OWN right, and expect guys to be too.
kay henry
kay henry
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May 10, 2004 - 10:35 am
Can anyone do the numbers for Sarah on how many IP’s at say 50k a pop ($100 rent a week) she would need to get a passive income of 100k in 8 years? My mind isn’t working this evening
kay henry