>>My point was its a difficult time in the cycle for proeprty developing also and if you were not sure of the basics, you could end in a little bit of trouble.<<
In a way, a downturn is good from the point of view that it may be a bit cheaper to build as well as the fat that the completion time may possibly be a bit shorter.
Markpatrick, to try to defend the indefensible is not too smart a choice.
One of the main reasons these people moved to Perth was because the house prices there were so much lower.
That together with the fact that they had a largish family must make it clear to every thinking person that they were hardly in a position to treat $ 10 K in a cavalier manner.
As this occurred some seven or eight years ago, $ 10 K then would, in today’s terms, represent even a lot more than just that amount.
BTW, you really should read my post a bit more careful so you don’t confuse my gender.
I am actually quite surprised to hear that a sensitive person like yourself is involved in such a barbaric ‘sport’ like boxing.
Boxing is a very dangerous pastime as every time one gets hit in the head thousands of braincells are permanently damaged.
I note with amazement your statement “I don`t think someone having money is of any benefit to there kids for a start.”
As a parent one has responsibility to provide for one’s children the best way one can.
Unfortunately money is essential for that to a great extent.
I remember when I was a boy scout (cub) there were two boys my age in my group. They lived around the corner from me.
In winter time only one would attend a meeting as they had only one winter coat between them.
That my friend was caused by their parents having the outlook that it was alright to have eleven children when they perhaps only could comfortably afford two or three children.
That in my eyes is a crime as having more children than one can afford to look after properly meant that all of them went without the necessary.
So in our society money IS important as is the responsible management of it.
Making statements like “money isn’t important” is foolish.
Here is a good example of someone letting their emotions getting in the way of what is the right thing to do for their family.
Some years ago a friend of my wife lived in a semi in Bronte.
She and her husband decided to move from Sydney to Perth for some stupid emotional reason (which I don’t want to go into because it isn’t relevant for the purpose of this post).
They finished up having two buyers, one offering
$ 10 K more than the other one.
The wife decided that she would sell to the nice young couple for the $ 10 K lower offer rather than going for the higher offer.
Now this family wasn’t in a strong financial position and, besides that, they had three young children. In fact they themselves were in dire straights fimancially speaking.
Now I can imagine that some people here may well say ‘good on her, she followed her heart’.
I say she was a f….. idiot who had her priorities wrong.
How irresponsible for someone who isn’t flush with money herself to throw $ 10K away like that.
Bleeding heart ? No, must have been a bleeding brain.
>>If you dont let him landlord your property, he will not sell the property to you at all.<<
I find this hard to believe S.I.S. that is just pressure talk, bulldust.
>>Remember he sells blocks of units (1 title x 4 units). So infact he is getting $40 for this such
deal.<<
Managing a property for $ 10 a pop is hardly worth the trouble no matter how many properties one manages.
Especially considering that he guarantees to pay for the maintenance as well.
I fear this is going to be a very short term affair.
>>Continued next post<<
Yes, by all means, keep us in suspense S.I.S., it sounds like a Hitchcock movie.
Stating one’s point of view isn’t identical to having a discussion about the merits of the respective arguments.
I have provided my reasons stating that it may pay for someone, who is about to be sold up, to consider an offer as the alternative may be a lot worse.
From what I can see, you have merely provided your outlook which is tied in with some emotional aspect of feeling sorry for someone.
I too feel sorry for someone who for whatever reason finds him/her self in trouble.
(I have been there myself so I, more than most people, know what it is like).
Often (not always) the problem lies inside the person so even throwing handfulls of moneys at that person will not lift him/her out of that state of mind (and will therefore not solve their problem longterm wise).
Again, I know. I have given property away (which was producing income nearly equal to average wages) thinking that that would solve that person’s problems.
–
It didn’t.
So feeling sorry is one thing, leaving one’s senses at home when involved in a business transaction is something else.
BTW, I can assure you that my response to you has been very mild. (as has been yours so I notice [:X]
Angry ? Certainly not. Just frustrated that whatever I said in favour of buying from an anxious vendor is being totally ignored rather than addressed.
That is not the way a debate should be conducted.
Let me just say that I like you better, Kay, when you post about Brisbane etc.
You can have any believe system you choose Kay, just don’t label people as rippoffs merely because they want to buy a property at the lowest possible price.
Give us some examples, Kay, where you have done a good deed as otherwise we may jump to the conclusion you are all talk and fluff rather than substance.
For example, some years ago I bought a small development site and agreed to sell the vendor one of the villas on completion at a discount to the market price (whatever the market value may be at the time).
The time of completion arrived but by that time, God being on the side of the Righteous, prices had exploded and the vendor was no longer in a position to be able to purchase a property from me.
I gave her, in today’s terms, the equivalent of some
$ 80 K discount so she was able to remain in the area and still have some money left for the cruise she had been planning to go on.
So what good deeds have you done Kay or are you all talk and no substance ?
Pisces (this is my last word on the subject as it makes me sick hearing the drivel you both so self righteously carry on with).
>>only to be told that its a big no no to rent out a granny flat that is built in your own back yard or an Ip’s backyard and that the council would never give building approval.<<
If it is an illegal construction that is understandable.
I have however seen councils obstruct Dual Occupancy applications in an unreasonable manner.
In one case the applicant needed it for their handicapped son who needed his family to live handy
(as well as providing some privacy and some form of independance to their son),
Council did approve the application but made a condition that on the demise of the son the extension had to be demolished.
All of that is contrary to the NSW law (and the intent of the NSW government and the NSW Department of Planning) which deals with Dual Occupancies.
So many alderpeople plainly are out and out standover men (or should I say ‘standover people’ to be politically correct), heartless and criminals, the lowest piece of s… one can possibly meet.
Save this site in your favourites in Internet Explorer and you will have it for always.
If this isn’t the answer you are looking for go to the government department in your state which levies the stampduty and look for the formula on their website.
However in order to spread the risk one would reall need to have either several other shops and/or income
just in case the shop cannot be filled immediately.
Ausprop, like to tell us about the postoffice in a decent location ?
Very few properties are unrentable.
Generally it isn’t difficult to find a tenant for a shop, just do not rely on the one estate agent.
More than just the one way to prospect is needed. That is, advertise yourself as well and go and have a casual chat to each shopkeeper in the shopping centre.
Well an upfront fee isn’t necessarily a bad thing as such though one would expect to receive some details beforehand.
Things like : “We have a couple of 3 bedroom houses in our sights in a reasonable size town in the Western region of NSW. the price is respectively $ 80,000 and $ 95,000 and, yes, we consider both to be a good buy.
If you want further information please note that we require an upfront administration fee just so as to sort out the tire kickers and time wasters from the genuinely interested parties.
Do send us an email and we will suppply details of our
bank account. Upon receipt of the goodwill fee we will immediately get in touch. Please supply your mailing address as well so we can send you some photo’s of the property together with some publicity about the town as well.
I don’t think these guys are fly by nights, just inexperienced and a bit on the naive side.
I guess they will learn fron the non response how to handle the next project.
It would even be better if they started a website to show the details.
If you have the good fortune to get the opportunity to learn from someone else’s experience the least you have to promise to pay in return is to in turn do the same for (at the very least) TWO others, not one. []
It would also be helpful if you were to mention where you live.
If in Sydney you could join the group which meets in Five Dock to see whether you can get some assistance there. S.I.S. is a regular there as is PropertyGuru.
Pisces
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