Forum Replies Created
As an employer, I too do not think I personally will be better off.
I run a very small business with 1 full time, 2 part time and 1 casual employees. If other employers decrease their employees pay, and in turn can offer discounts on prices (whether or not they increase profits is another thing), I would be unwilling to do so. This will hurt my business. Eventually, if things go as badly as the media is making out, I too will have to reduce employees conditions/pay/etc in order to stay competitive.
I would like to think that all employers are human and will resist the temptation to make an extra buck off another human being by paying them minimal wages, but time will tell…
Munjy
As talented and amazing as that kid was, he was scary. I’m not sure if any child should be that aggressive.
Great display though.
I know when on occasion I re-read my own posts, they don’t make sense, usually due to grammatical errors. But GR’s posts are plain cryptic. Having never met GR, I always imagine him to have a heavy accent… but he’s an avid, colourful poster
To be totally fair, I’m not artistic nor appreciative of art in a gallery.
I don’t think art is a solid form of investing, despite the numbers put forth by some. It’s true that you can make money from art, but I feel that there is too much luck involved for it to be called investing. I heard on the radio the other day that Blue Lines by Picasso was bought for just over a mill in the late 70s and now is worth over 12mill. But how exactly does one evaluate that????
I wonder if the “assets” held by public art galleries, and museums are put into the budget surplus at the end of the year?!?!?!
Munjy
Hi Mum,
In addition to Dazza’s voice of reason….
Make sure you know if council will allow for extra offices/showroom as this may incur the need for extra car parks, etc. Generally, the more people you can fit into a piece of turf, the better your yield will be.
Management fees, I know some like to manage themselves, but just ask around for quotes! 4% of collected fees would be a guide.
As for a possible price, after you’ve done your numbers remember to add in that it is a vacant prop and not only will you have a vacant period, you will also need to pay GST which can be quite damaging on your cashflow.
Munjy
Well, Starbucks is just taking over the world.
They have one inside the Forbidden city, in Beijing – the historic home of the emperor.
For the price of a souvenir cup and a hot drink of your choice, you could easily get a seafood buffet with live entertainment!!!
I figured that if I picked a character it would falsely advertise that I was someone with personality.
It can get confusing sometimes when people have the same character especially if they post one after another.
Hi all,
In addition to the Japanese property market discussion, I believe that they have a neg population growth rate, which makes some market analysts uneasy about their property market. However, their economic and property cycle do seem to have bottomed out. I think there is more confidence in their commercial property market, rather than their residential – but these are only my own personal thoughts.
Munjy
Originally posted by Dazzling:They (the happy lawyers) then came back and said they wanted the right, and me to agree, as a consequence of not being able to slap a caveat on my title, to sue my company for unlimited and unspecified damages if I ever sell the property and the new owner doesn’t recognise the Lease.
Wouldn’t that be the case whether or not that was actually specified in the contract? If you don’t hold up any part of your side of the contract, they’re going to sue you.
Can’t think of any helpful suggestions though.
Munjy
This has been a great thread Dazz.
Wish I had something to add! All I can say is the possibility never occurred to me.
Munjy
Hi Krupta,
My 2 cents is this: everyone loves government tenants because they definitely can pay the rent, and they take up more floor space than they actually need. Good when they’re renting, bad when they leave.
I think my own reservation would lie in how hard it would be to obtain another tenant for this building.
Just like GR said, companies make commercial decisions, governments have guidelines and redtape.
Regards,
Munjy
I have fairly liberal views on censorship, but I think that this is Steve’s site and he can do as he pleases. There’s no need for justification.
Personally though, I have so much to learn and so little time – especially to waste on offensive/irrelevant posts. So I appreciate not having to read those kind of posts- thanks to all the mods.
Munjy
Yay! Free stuff.
Will have to see how it is.
Thanks Nigel,
You haven’t got one for commercial property do you?
Also, I was interested by the point score increasing for the further the property is away from a city/water view, yet the points decrease for the further located the property is to from the actual city/water. Almost balanced out.
Munjy
Sounds great. Count me in.
So now all we need are the mentors right?
Munjy
Is this mentoring or a syndicate? Or both?
Or are you saying I can learn from the mentor but not be involved with the syndicate if I don’t like it?
Sounds great if that’s the case.Or its either mentoring PLUS investing or nothing? I think that’s what your getting at with the “half pregnant” comment.
Munjy
Originally posted by grossrealisation:
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munjy you may want to take a back seat while the others drove the vehicle and see how it goes.Not sure what you mean
Munjy
Ubique,
With the absence of better suggestions, I suppose your own suggestion of completing the development might be the way to go. However, it does involve significantly higher risk, considering the small amount of interest the property has shown to date.
Munjy
I suppose that’s much like Frank Sartor talking about Mick Mundine’s black a#$ and even though it IS black, it’s still open to racist interpretation.
Originally posted by grossrealisation:group purchases all together a single or group purchase and sets up the structure for that group.
and the mentor organises costs.Are you suggesting that the group is going to buy a property together? If not, and it’s just straight mentoring, I’d be interested. My interest would be directly proportional to the kind of experience/success the mentor has had.
Munjy
