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Some members are being pretty rude on this thread.
That’s why this thread is here for: To point out issues members are having and not complaining like high school children.
LOL …Pot Kettle Black
We’re in an experiment. We have amatuer IT enthusiasts trying to figure out how to make an open source platform with third party plug-ins work while trying to maintain a functioning forum.
What you and McNight fail to realise is that the members of a forum, regardless of who provides it and their motivations, invest considerable social capital, time etc in its identity, atmosphere and ultimately its usefulness.
McNight thinks we owe him something because he’s provided a platform for social interaction. He has no respect for this audience or any other. He’s a My way or the High way, like it or lump it kinda guy. He wants civility and understanding shown here but by his actions ignores those very attributes. He disappears when challenged and tries to silence those who criticise him by arbitrarily deleting accounts.
McNight would be better off learning to apply the more appropriate leadership style for this particular task. We might actually end up with a functioning forum platform for once.
The Authoritative Style:
Authoritarian leaders are also known as autocratic leaders. They provide their expectations very clearly as in what needs to be done and how. But researches show a lack in creativity in an authoritarian leadership, as the authoritarian leader makes decisions independently with little or no inputs from the group. The detrimental aspects of this leadership style viewed are being bossy, dictatorial and controlling to the core. This leadership style can be used at its best in situations when there is very little time for group decision making or when the leader is the only knowledgeable member of the group.
Traits of an authoritarian leader:
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-Rarely lets the members of the group to make decisions, because he believes that his expertise and experience makes him the most qualified
-Regards his views and thoughts to be the most accurate
-Found to be very critical when taking decisions and opinions that are different from his own
-Not certain about the abilities and potentials of others
-Seldom gives an encouragement or recognition for work done well
-Takes the ideas of others only if he agrees or accepts with them
-Benefits from others often
-Highly competitive and action orientedThe Consultative Style:
Consultative leadership is basically task oriented and always focuses on the end result by using the skills of others in formulating plans and taking decisions. But then the final decision making power is always retained with the leader. But still, that final decision is not arrived at without looking for inputs from the members who will be affected by the decision. The consultative leadership stands out through its attempt to involve people who have problems in seeking ideas for the solution. This way, it helps those to develop leadership and decision making ability in them. Team building is a prime target in Consultative leadership.-
-The leader takes up the role of a mentor / player and becomes the facilitator of the team
-Usually [not always] accepts ideas and thoughts from the team even when it contradicts with his own
-Pays more attention in stimulating creativity and innovationAs I’ve alluded to many times China’s boom is over and it’s now in the bust phase. How that will shake out and what form it will take is difficult to define but one thing is for sure Chinese property ‘will‘ be a leading cause of their decline.
Mr Mao said China’s house production per 1,000 head of population reached 35 in 2011. The figure is below 12 in most developed economies “even when the housing market is hot; no country has a figure of greater than 14”.
“By 2011, housing production per 1000 people reached 30 in Tier 2 cities, excluding the construction of affordable houses. A persistently high figure such as this should cause alarm,” he said.
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This reply was modified 10 years, 6 months ago by Long John.
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This reply was modified 10 years, 6 months ago by Long John.
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This reply was modified 10 years, 6 months ago by Long John.
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This reply was modified 10 years, 6 months ago by Long John.
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This reply was modified 10 years, 6 months ago by Long John.
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This reply was modified 10 years, 6 months ago by Long John.
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This reply was modified 10 years, 6 months ago by Long John.
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This reply was modified 10 years, 6 months ago by Long John.
A property crash is bad for people who have to sell their properties or can no longer afford their debt payments.
For everyone else it is an opportunity to pick up bargains.
My rules are:
- Don’t borrow more than you can afford to pay the interest on your loans for 2 years using your savings while having no income coming in; and
- Buy properties that will always be in demand. No matter what happens to the economy or the property market, people will need to live somewhere and pay rent if they can’t afford to buy. e.g. no luxury properties but properties that are affordable by most.
Good advice.
The problem for many though is that ‘serious‘ investors tend to have long acquisition phases in portfolio development. That invariably requires high leverage rates as PI’s try to build as fast as they can. In a high growth market that makes sense as one tries to capitilise on growth spurts before they fall back or collapse. The risk is in being highly leveraged if a correction occurs that can expose you to unsustainable market forces.
Over the past 20 years the risk in this type of fast growth strategy was fairly low but still real. If one had chosen well you could expect to see leverage drop within just a few years before pushing into the next cycle of buying. Today is much different in that credit availability, affordability, wage growth, national and state economics (and to a larger extent international economic conditions) up the risk profile substantially.
All markets correct at some point because abnormal rates of growth throw up distortions which eventually collapse that growth spurt. Distortionary forces are much larger and more powerful than they’ve ever been historically. To that extent one should be prepared for significantly bigger corrections back to norms than in the past.
As Seth Klarman from Baupost Capital recently stated:
“Can we say when it will end? No.
Can we say that it will end? Yes.
And when it ends and the trend reverses, here is what we can say for sure.
Few will be ready. Few will be prepared.“
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This reply was modified 10 years, 6 months ago by Long John.
….and now here comes the crackdown on the use of iron ore to finance failing and frankly insolvent bankrupt steel mills. This will continue to push the price of ore down. It will be felt indirectly through loss of State and fed govt revenues which will translate into increasing pressure on budgets that will invariably need to be cut. Interest rates wil come under pressure if rating agencies mark down the state and national economy.
Iron Ore Prices Tumble As China Crackdown Begins
- The major problem, of course, is any restriction or tightening is necessarily lowering the price of the iron ore… thus reducing the value of collateral and thus worsening credit conditions in a vicious circle as firms can borrow less and less actual Yuan against their inventory at a time when cash flows are becoming increasingly negative from demand collapse.
How China’s Commodity-Financing Bubble Becomes Globally Contagious
Which means that far from merely crushing exporters who suddenly are dealing with Chinese importers who have torn apart contracts, obviously with no recourse, suddenly China’s entire “hot money” laundering infrastructure which as explained over the weekend, has gold performing an even greater role than copper is about to collapse.
And when the counterparties of China’s hundreds of billions in CCFDs decide to also get out of Dodge and unwind these deals (amounting to hundreds of billions in notional), only to find the underlying commodity has not only been re-re-rehypotecated countless times but has been sold, then there is truly no way of saying what happens next.
Can we have an option to search “just titles” too, please !! :)
This platform uses a search plugin that is both problematic to install and very simplistic in functionality. If you want to do more sophisticated searches you don’t need this sites search function. Google can do it all for you if you know how to use it.
Google has an advanced search feature
http://www.google.com/advanced_search?hl=en
This page helps format a search more easily for the less experienced. Note in the second block it has ‘Site or Domain’. You enter this sites domain name there to restrict the search to this site only. The other option is you become familiar with search syntax which you can enter directly into a Google search window eg;
to search for the word Japan in the title of threads – intitle:japan site:https://www.propertyinvesting.com
If you do a search for Google advanced search videos on YouTube there are plenty of tutorials that will help you get your head around searching fairly quickly.
Also see:
http://www.googleguide.com/advanced_operators_reference.html
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This reply was modified 10 years, 7 months ago by Long John.
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This reply was modified 10 years, 6 months ago by
