Forum Replies Created
- Originally posted by gmh454:Originally posted by Da Man:
if I buy into the market in say 6 months time and there is a lot more pain – I might be able to pick up more of a bargain in 2005. I am in no rush so time is on my side.
Your answer depends on how many are thinking exactly the same thoughts as you.
Spot on gmh454. Do Man, if you run with the herd you risk either (a) getting trampled on, or (b) being passed by!! Either way, you may regret contemplating your navel; do what is right for you, and not what everyone else is doing!!!
Do Man:
Why are you waiting for a time when “there is a lot more pain”?????? You mean for vendors??? Why not buy because the price is right???? As an investor, I try to buy when prices are down (as they are now) but to hold off too long, may see you missing the boat altogether. A wise (and extremely wealthy) business tycoon once laughed when he told me “being smart is one thing, being greedy is another”
Don’t be a dreamer…..DO MAN !!!!! [laugh4][laugh4]
Originally posted by Pelicaninvestments:I’ve been working for 16 years now, and, most of the time it’s people / politics & bullsh1t…………….
Who said it was like this just in the workplace??? Look around boys and girls, it goes on all around you!!! But don’t let that get you down…rise above it!! [lmao]
Seriously, LifeX (if I had a hat) I would take it off to you, you are an inspirational model to our youth (the future investors of tomorrow), and as for you Pelican, what can I say??? For an “old fart” you’re the best!!!! [medieval]
Now Gats, you know my view on this topic, no doubt we will touch on it again when next we speak, but for now, you’re doing all the right stuff. I commend you on being true to yourself, it is a fine example which we all need to mimic….keep up the good work mate….you’re a marvel!!!! [thumbsupanim]
Jo [tongue]
kp,
IMO it was not a catfight, nevertheless I understand your scolding [glum2] it was inappropriate (on my part anyways).
Jo
Originally posted by jerry123:Maybe I am old fashioned, but when evrybody is doing something that is the time not to so it – tech. boom/bust.
My alarm bell has gone off – anyone else worried?
Who said it’s not the time????? IMO it is currently a “buyer’s” market, and people SHOULD be buying property, HOWEVER they SHOULD NOT be OVER-EXTENDING themselves financially in doing this, regardless of whether these properties are positively or negatively geared. This is not exclusively advice from one who adhere’s to Steve McKnight’s teachings (on the contrary) it is merely good “old-fashioned” COMMON SENSE.
Nope sorry Jerry 123, I can’t hear those bells, but I appreciate you alerting me to them!
Jo
That’s really [specool] bbruham, but I need more than that in sleep!!!!! [rolleyes4][rolleyes3][rolleyes5]
Cheers, [tongue]
Jo
Originally posted by Grreg:Thanks for the link Jo.
I thought I would look up the area where I am renting here in sunny Carlton and found that we are paying more per year in rent than it is even worth! Is this a 100% yield? [lmao]
“Currently the median sale price of houses in the area is $26,137.”
You’re welcome Greg (I think????)[worried]
If you are referring to rpdata.com suburb stats, please don’t take their figures, or any data for that matter as gospel; there are just too many variables involved data analysis, and these reports IMO are only a guide.
Furthermore, if you are referring to sunny carlton (as here in Victoria) which judging by your profile, is the state in which you reside, I find this $26,137 as the median sales price EXTREMELY low….sale of what, a row boat???!!!!” Even a one bedder costs at least 150K in Carlton!!!
For a clearer picture, try http://www.realestate.com.au and go to Sold properties, and take a peek at what properties in the Carlton area sold for recently (opt for latest listing).
Chin up; I am sure that the cooling market hasn’t cooled to FROZEN SOLID level, not just yet!!!! [lmao]
JoI totally agree with Kay on that one Aussie, and maybe we should all follow her lead, and when we come across insulting posts in a thread, we should all (as she does) ignore them!!!
MartinW,
[snooze][sleep2][sleepyanim]
[lmao] Bravo MartinW, and you did it without having to consult your faithful dictionary!!!!
WHO walked into what??????????[lmao][lmao][lmao]
FYI MartinW, I did not edit your post!!!
MartinW,
Just a brief question if I may (of which you may well consider sarcastic in nature, nonetheless if I may proceed….) Do you always hide behind your dictionary definitions to justify your behaviour?
As for your approach, you’re correct, I don’t like it, and my suppostions of your intellect and purposes are merely the endorsements of your ignorance which you otherwise profess as knowledge.
Having “a go now and again” is fine, but when it is to ridicule or be offensive, it is no longer considered in good taste and to continue unnecessarily is (sorry to disappoint you) IMO childish and disrepectful.
As for being a moderator, I think Kay said it perfectly; as moderators we are asked to edit or delete posts which advertise or are offensive, that is all…..our opinions, and the right to express same, remain unchanged. Just because I am a moderator does not mean I have to agree, or indeed for that matter, like your approach.
Furthermore, as I indicated earlier, you are welcome to post as you see fit, however, offensive posts will continue to be edited/deleted, however my mistake here in this thread, was to waste my time with the likes of you!
Jo
[specool] Black Jack, but I would’ve agreed and then stolen the kiss anyways!!!! [laugh4] (Nah, just kidding)
Ahhhhh the things we do as parents!!!! Which leads to me one final story I’d like to share and that’ll be it from me……
Took my son to his first (and my last) football game when he was 9. All was going well, mum standing back watching proudly, till the moment of truth came….and he got hold of the ball!!! Then it was “tackle” time and all the other kids piled on top of him, bodies everywhere….so mum panicked, jumped the fence and ran onto the field screaming “get off him, get off him…he’s just a baby”!!!!
Oh the shame……..[glum2]
Needless to say, I was banned from going to any future match!!!!!
Jo
Originally posted by BlackJack:My giant baby is 14 (last Saturday). With a bit of struggling he still let’s his old mum cuddle him. He took me to see Shrek 2 on Sunday (yes… in public !!!) but won’t let me hold his hand crossing the road anymore though. At about 5’10” and with size 11 feet we’ve had to create a few new rules about our body slamming competitions and from now on when I say ‘I give up’ I MEAN IT!
LMAO [laugh4][laugh4] Black Jack, don’t worry, your big baby will hold your hand again, and he’ll cuddle you till you are virutally begging him to let go!!! My son (now 22 – and also 6″2 to my 5″0) was the same…I had to drop him off a block away from the school (not because he was ashamed of me, just “it’s not cool“) He still gets embarrassed when I bring it up, and apologises profusely…..keep up the good work….it’ll pay off!!!
Jo [tongue]
MartinW,
Your observations are commendable, as is your ability to insult. You obviously enjoy focussing on others shortcomings as a means of deflectling from those of your own.
True there was sarcasm in both my comments, and I make no apologies to you or anyone else for that; but in this case, I feel that sarcasm is far more appropriate than direct attack as you so clearly demonstrated in your comments (not only to myself) but others in this forum, in particular to those who follow the McKnight teachings!!!
Which, if you have done your homework and read all my posts, will know is not a philosophy to which I subscribe. However, I admire Steve’s McKnight’s achievements, as I do those of any like-minded successful businessman/woman.
I know for a fact that Steve does not expect people in here to become his “followers” and hence produce another cult-like orgnaisation, which is why people like myself and you are welcomed and encouraged to participate/contribute for the benefit of all….regardless of their convictions. Even to the point of asking (formerly) anti-Mcknighter’s to become moderators (myelf and at least one other that springs to mind, but shall remain nameless).
You are welcome to participate and encourage to share of your (no doubt) valuable experiences/knowledge, but to blatantly come to the site to attack Steve McKnight without any just cause, other than, because you disagree is purely childish and disrespectful to say the least!!
You can look up your dictionary, define words used by me or others, scrutinise my past posts, marvel at my past disagreements etc etc….go for it, knock yourself out…..if it all amuses you, then your sense of humour far exceeds your brain capacity, to which I care to know nothing of!!!!
Jo
Originally posted by The Mortgage Adviser:It would be hard for the moderators to edit me… I AM IN!!!
Hmmmmm don’t know about that; I think my fellow gastapoes will agree with me when I say “Vee have vays!!!!!” [laugh4][laugh4][laugh4]
And judging from that comment MartinW, I see a well-mannered one at that (NOT)!!! [wacko]
Thanks Wayne,
Gotch ya!!! [winking]
Clear as crystal now….and may I say, IMO a brilliant plan!!![specool]
All the best with it; keep us posted, I personally will be glad to hear of your progress.
Cheers,
Jo
MartinW,
Such insight!!! Are you speaking from a professional/trained perspective or is this something that you read in a book, and if so, whose theory are you referring????
The reason for my question is based on my past familiarity with your previous posts in this forum. Are you not that infamous “Jemnman” advocate and anti-Steve Mcknight poster????????
Jo
Hi Pumpkin,
Okay here’s an example:
Property cost: 239000
Stamp Duty: 10000 (in Victoria)
Legals (approx) 2000
Total Cost Base: 251000
Capital Improvements
(ie new kitchen/bathroom
etc etc) 30000So far, the property has cost you 251K + 30K = 281K, then you sell it for 381K (profit of 100K) HOWEVER you deduct the cost of agent commission (eg. 2% = 7260 + eg. 2740 advertising = 10K) so you are taxed on 90K (10K deducted from 100K, then halved (50%) if sold after one year), a figure of approx. 45K which needs to be added to other taxable income, say you earnt 30K in salary/wages, you would be taxed on 75K (as per tax scale).
Hope that is a bit clearer.
Cheers,
Jo
Oh a “braggers corner” [specool]
Just had offer accepted on Saturday for IP #4 which will settle in August. But I have mixed emotions about it at the same time; why????…..Even though I own my PPOR and all 4 IPs outright I will have to BORROW if I want to buy IP #5. [glum2]
I know what you’re thinking….would you like some cheese with your whine?????!!!!! [lmao]
Jo
