Sure, but I don’t think my sister would appreciate me giving you her phone number Simon.

She works for the ATO and I have discussed this issue with her (and other ATO officials) after I myself had purchased a block of land late last year with the same intent.

Cheers,

Jo

Brad,

This question has already been answered for you, my me and others in a previous thread; why are you asking EXACTLY the same question? Because the LAND was purchased with the intent to building your PPOR the ATO will require that either of you (in this case your ex-girlfriend) lives in the house for a min. of 3 months after it’s…[Read more]

Hardly!!! [glum2] (I wish) What is it she says “I’m not really bad, I’m just drawn that way” [tongue]

You can check out my mug and that of some other notorious types on here by going to the members pic page: http://www.gurustation.com/pi/ How come you’re not on the mug file Pursefattener??? You’re been a member as long as I have (actually I only…[Read more]

Fair enough Steve,

Just keep away from Jenman; his last blog on his website was NASTY!!! [blush2]

Cheers,

Jo

Hi Steve,

Sorry I am in neither position, and as such can’t help. But your question has sparked my curiousity; are you looking at negotiating a good deal with someone who may want out of the property market??? (which I’m sure will be a few once IRs start to escalate).

Cheers,

Jo

Hi Maximus,

No problem; only to happy to accommodate.

Example 1:

Property paid 27K (Brunswick, Victoria) market value at the time was approx. 50K but got a great price from the original owner (long story). It was a large house on a double block of land.
Lived in it as my PPOR for 2 years then rented it out to “the tenants from Hell” which…[Read more]

Nobleone,

The invitation to PM was not to continue the debate re validity of the research paper, but to give Foundation the opportunity to attack me in any way he cared to without involving anyone else as has been the case.

O’Sienna,

I am aware of what the paper reported; I have read it thoroughly. I understand that it does not dispute the…[Read more]

Bryonent,

Let it go; it’s obvious why Foundation is trying so desparately to “myth bust” the 10 year property doubling theory, and if it means ridiculing anyone who disagrees with him along the way then let him do it. I have invited him to PM me with his queries directly but he has chosen not to and that in itself speaks volumes.

Cheers,

Jo

Foundation,

What is your problem??? I can appreciate that you give credence to the writing of the dear professor, and I’m not suggesting there is anything wrong with that, but why do you have such an issue with experienced investors who perhaps have never even read a daily newspaper let alone analysed research data; yet made millions???

There…[Read more]

Originally posted by OSienna:
I find that some property investors get very defensive when their strategies or beliefs are questioned. These people don’t often like being challenged because it can be difficult for them to backup their own claims or refute an opposing argument.
I don’t know whether you are referring to me specifically here…[Read more]

Originally posted by foundation:
In the year 2155 (that’s only 150 years away), that same house will be worth:

One Trillion, Four Hundred & Fiften Billion, Five Hundred & Seventy-Seven Million Six Hundred Thousand Dollars…

[lmao][specool][thumbsup2]

Well if you live long enough, you might get a piece of the pie mighten you??? [winking]…[Read more]

No foundation,

Your numbers are not flawed; true if the calculation (or MY “theory” as you so eloquently put it) is correct yes Sydney house prices would be in the millions!!! The results achieved as per my examples are not common everyday occurrences, however they are not in isolation or outside the realms of possibility given the right market…[Read more]

Foundation,

I really don’t know what your problem is, nor do I care for that matter.

All I care to say on this matter any further is simply that data can be manipulated to tell any story you want it to tell, so please, don’t even go there.

Your inane need to debunk any “myth” is at best milding entertaining, and at worst, annoying and…[Read more]

Originally posted by foundation:
Originally posted by Monopoly:
Sorry I know I don’t exactly qualify as an investor entering the market when it is cool/quiet as it is atm.

Hi Monopoly!
I thought you had been investing consistently for over 10 years?
24 years to be exact.

Surely, you would have seen a period of stagnation or slightly easing…[Read more]

Foundation,

What is your biggest concern; that property does or in your opinion does not double in 7-10 years, or that YOUR property has not performed in this way???

Example 1:

Bought PPOR in 1981 for 27K
(turned into IP after 2 years)
Sold it in 1990 for 550K

Bought IP in 1993 for 175K
Sold in 2002 for 925K

And that’s just 2; I could go on…[Read more]

For those interested in the articles by quiggles, here is the link to both (sorry I know one was cited in the previous page of this thread, but I am posting both on the one page for easy…[Read more]

Here are the two threads by quiggles:

http://www.somersoft.com/forums/showthread.php?t=18255&highlight=quiggles

http://www.somersoft.com/forums/showthread.php?t=18101&highlight=quiggles

Hi Gramyre,

Sorry I know I don’t exactly qualify as an investor entering the market when it is cool/quiet as it is atm. My guess is that many starter investors would probably be somewhat anxious about buying into it now simply because (a) prospects look gloomy, and (b) naysayers are booming gloomier!!! [blush2]

As an investor from many years, I…[Read more]

Told you, you HAVE TO ASK A QUESTION about them, that will guarantee the thread is deleted, happens every time without fail.[blush2]

That’s easy, you can test the theory easily enough….just ask a question about you-know-who to one of their you-know-whats-its here and wha…la…..pooft….gone!!! [rolleyesanim]