Forum Replies Created
qwerty,
I agree with you about investors being cautious. Having said that, not all of us began investing 4 or more years ago- pre-boom. Everyone has to start somewher and at some time. I think people panicked in sydney, for example, at the peak of the boom, with all those people bidding higher and higher- hundreds of thousands of dollars above reserve, but they were mostly homebuyers and not investors. They were all worried about not being able to access hte market- now, of course, the market has slowed somewhat.
As for me, I will buy at any time, under any conditions- even boom, tax changes, IR rises… but I will *NOT* buy into boom areas during a boom. I will seek out undervalued areas where the prices are *reasonable* and not psycho.
Whilst it’s not good to pay toip dollar during a boom (that’s my perspective anyhoo), it’s also not my way to stay *out* of the market for years. There is no way I would wait 7 years for a flat market. RE investors will always do well if they understand the market.
Who knows? In 7 years time, I may have 7 houses! Whereas if I stay out of the market, I won’t. (I don’t play shares, so that’s not an option for me)
kay henry
Dear Vip (I do hope you exist- sometimes people with 1 post never post again and I doubt their authenticity, but anyhoo- i am sure you are real) :o)
You wrote:
“I started work again about 3 weeks ago and im taking home about $900 to $1000 a week..”
ok, so why are you panicking? On my very non-mathematical reading of your salary, if you take home $950 a week, then you are actually earning about $1400 a week. This is around an annual salary of 70k- you’re doing ok.
I am gonna presume your debt is not income-producing (otherwise it would be paid off by rents etc, right? and you wouldn’t be worried).
VIP, even though you’ve fallen behind in your debt, you are *easily* in a position to repay your debt now. You have to pay about $230 a week debt. That is not really a huge amount given your salary. I have had that kind of debt/financial commitment most of my life- car loan, uni fees, rent, credit card debt, tax debt… you name it- life’s expensive.
Given your new wage, you are not gonna have a problem loaning a maxi-amount from almost any provider, unless you have a marke against your creidt rating, which another poster already mentioned.
Good luck and enjoy the fruits of your new wages!
kay henry
oh ok :o) Now i see we’re talking about a “to do” list, like “pick blah up from train” “ring bank” etc. I guess that could be seen as daily goals. Some would see goal-setting as “at 35, I will be driving a red ferrari and living on the north shore with a yacht” type of thing
I like my brother’s idseas on new year’s resolutions… he said he made a resolution last year never to make resolutions again, and he doesn’t want to break his resolution by making them ;O)) hehe. I have to admire that kind of absolute resolve!
kay henry
Steve,
Could you please clarify the following:
“Is it a bit rich to come on a forum which I pay for and declare that you have an illegal copy of a resource that other people have paid for?”
I am not sure that it is illegal to have in one’s possession a copy of something someone else has paid for. Having some knowledge of Intellectual Property, copyright policies and law, and trade practice law, I do not know where the illegality comes in. Since when is it illegal for a person who has paid for a good or service, to loan out that good to another person?
People loan and share books, CD’s, programs etc all the time. I am not making this inquiry based on any opinion of the merits of such loans. I merely question how you see such behaviour as illegal?
kay henry
Lucifer,
There’s a thread on this in Forum Fun started by Steve. You might want to make your contribution there, or add to it or something.
kay henry
Why not just enjoy life and do whatever makes you happy? Far out, life isn’t a strategic plan. I would rather be on my deathbed and think “wow- that was interesting” than still be stressing out about whether I’ve checked everything off my list. Because, at the end of the day, a life is a life, it’s all good and bad, happy and sad, and we can write lists up the wazoo, but we still end up old, wrinkly, and all of us, at the end, will be laying down and look like this: [tired]
So be zen, and enjoy life until you look like this: [tired]
kay henry
Steve,
I am not sure why you would listen to the voice of 1 newbie contributor when everyone else in that post basically disagreed with what the new contributor suggested, but anyway, I suppose minority views must have merit! [biggrin]
I reckon remove the stars altogether. People either (1) don’t give a toss about notions of stars (2) resent other people’s stars (3) just go for a gazillion stars and never really say anything. I think the majority of people on here are in the first category, and stars mean nothing to them. Certainly, I think there is a danger in *some* people thinking that stars have something to do with meritorious investing. But I think mostly that stars distract people from separating decent, sound advice from crazy advice, and that’s a bit of a worry.
What about this?
Doesn’t say much: 0 – 19 Posts
Speaks slowly: 20 – 59
Probably owns 10+ IP’s but doesn’t need to yell about it: 60 – 199
Wordy: 200 – 599
Quite wordy: 600 – 999
Bud, sometimes silence is golden: 1000+
[goatee]
kay henry
Acey, my goals are more along the lines of “have fun” “love a lot” etc etc. I don’t write down goals because I don’t really have any :o) Call me unambitious but really, I’d rather just let life flow and whatever arises, arises.
kay henry
Yeah, russ, I guess I just get confused, because on the one hand, people say “success comes from doing things differently” and on the other, they might say “no point in reinventing the wheel”… kind of contrary messages…
You said:
“So many people wouldnt ask family,friends,strangers etc.And that is why most people dont get anywhere in life.”
Russ, many people on here might not borrow from family and friends, because we can borrow from banks. I am not sure how you equate that with not getting anywhere in life.
Russ, I learn things from books, too, but if a book said “I challenge you to go out and buy 4 OTP’s right now, well, I would hardly do that (although some might). We don’t have to do everything a book says- sometimes, we can use our own judgement and mind- doing things differently, remember?
Your topic was about “sharing resources”, and you said one of your favourite resources was money. You then said you would like to borrow 5k from 5 people. I am thinking that if a bank would loan you 25k, why don’t you just do that? Don’t you think it puts individuals into a vulnerable situation to loan you 25k? What kind of backup do you have if something goes wrong?
kay henry
Yes, Russ- it does sound win/win :o) Problem is, if you lose all that money, then the 5 people who loaned you money may kill you – hehe.
Personally, I only loan from banks- not vendors, not family, not friends, not strangers. It’s my choice, and I may be missing out on these tremendous deals by only borrowing from bank, and not members of a forum.
But I do have a question… Why on earth would forum members loan me money anyway? I think they’d be funky idit (that spelling’s for you, Pisces! [biggrin] to loan me money. Wouldn’t I have to be able to demonstrate my previous profit-making ability, a plan of what I would be doing with the money etc etc? Or would people just loan me 5 big ones and wait for their money to come back in triplicate?
Call me a simple fool… but I have no idea why anyone would (a) borrow from strangers… or (b) loan to strangers.
kay henry
Russ, i don’t think you should feel specifically targeted as if people might read through your posts, desperately looking for a loophole in your arguments to pick on. I know for me personally, if something doesn’t make sense to me, I ask questions, or I disagree with the perspective- doesn’t matter who makes it- logic is logic, reason is reason, and if there’s an absence of it, I’m interested in engaging in the discussion. I am sure other people do the same thing- it is not kay henry who they wish to argue with- just everything kay henry says seems worth arguing about!! [strum]
Russ, when you said:
“I wonder how many of you can come up with some dollars to get a deal happening at short notice.
I find a few good deals and with the principles applied in this book I feel that I can help a few people to get a good return on there $5k.”.. I feel that that is a pretty blatant ask for money. I know you spot on here, but I have seen many posts where someone says “Joint venture wanted. Email me” and those posts are immediately shut down. I *personally* don’t have an issue with advertising, but I know that you do, Russ, because you tell other people it’s not allowed.
I would urge all users of this forum to undertake caution in going into joint ventures with strangers. It’s possible that people who come up with the 5K (not a large amount for some, but a large amount for others) are precisely those for whom 5k is a lot to lose.
Russ and monopoloy- this is not a case of popularity. Frankly, most of the people on this forum are mature enough to express opinions without particularly worrying if those opinions might lead to friendships. As long as the opinions expressed are not abusive, then diversity of opinion is king!! [king]
kay henry
Lucifer- yes, the absence of the “wrap” forum is an interesting nuance, isn’t it :o) I think we’ve become Somersoft!
kay henry
I guess I must have also misunderstood your compassion, Russ, viz “I also feel deeply for people who are less fortunate than myself”) because your topic was titled “Owners from hell”. I didn’t see any compassion in your first post about the lady that owned that house. All I saw was derision. In fact, it’s possible I felt more queasy on reading your original post about this lady’s situation, than you did upon actually leaving her house (and you described yourself as feeling pretty queasy).
I wish i had have been able to see your empathy and absolute feeling for this woman when you wrote your first post- but the title seemed clearly indicative of something else.
kay henry
Pisces- why were you sending an “urgent” email to complain to Steve about geo? I assume you’ve expressed your concerns to geo yourself before sending a formal complaint about him. Geo is always happy to receive any comments. He’s a nice guy- not sure what could have been so “urgent”.
kay henry
It sounds like the lady is not coping in life, Russ. The story you’ve described is a very sad one.
kay henry
Well, I guess I thought that the income earned would be less- lower tax bracket etc? Sounds like it.
If a person earned $25 an hour @ 40 hours a week, but then changed that to $50 an hour @ 20 hours a week (thereby actually earning the same amount), I am sure the bank would have no issue with it- as long as the new arrangement was the same as the old- eg, the job was still permanent.
Of course, any loss of income is gonna change the way the bank views you- the less you earn, the more scrutiny your mortgage is going to be under. Watch out for the position of your existing loan too, if you reduce your income.
kay henry
Misty,
Please let me know how you can reduce your hours and yet get the same amount of income. Even bracket creep (or the inverse- bracket return??) is not gonna have you working less hours but taking home the same amount of pay.
kay henry
sis, you have told the Forum that you were looking after your grandmother. Surely that can’t have been a wasted time. I am sure she appreciated having you greatly. All of our life choices are up to us. You have 12 IP’s at 21! If you were independent enough to do that on your own, then I have no doubt that you can make these other decisions too.
kay henry
sis, in layman’s terms, that’s called “burnout”. It *can* happen frequently in one’s work life, and if it ever happens, perhaps it’s time for a new job. Not every job we have can capture out need for creativity, or meaning, or good wages, or social engagement, or whatever it is we might need from work.
Time for a new job, sis!! [cap] I see work as a stepping stone. It’s all a buildup until we feel like we are doing the work (and living the life) that suits us.
kay henry
Chan- belated congrats on being a Moderator- good for you :o)))
Problem is- all the fun ones go all quiet when they become Moderators. Dont lose your personalities, guys!! ?I am sure Steve made you Moderators because of your out there personalities as well as your property knowledge, of course). I am sure he’d want you to be like you were before you became Mods
kay henry
