Forum Replies Created
Thank you Kay,
That took some effort. I am honoured. Rather timely as it’s Rabbit Pie day today.
Run rabbit, run rabb.. will someone shoot that bloody rabbit?
Regards, Phil
Hi Kay,
Laughing here. Yep, sounds like Days of Our Lives. I get your point. All that from a topic about taxes.
Kind regards, Phil
Christ Almighty, all I wanted was Shauns’s e-mail address and look what I have created now! 508 hits and the usual 10% response (53).
Think I’ll start up a .com company asking people not to respond. A sure fire winner.
STOP PRESS .. I know who shot Liberty Vallance.
“When Westan comes to town, all the women hide.
When Westan comes to town, the men do step aside.”“It’s cause he has more stars, so step aside ..
Equity don’t count, nor quality .. it’s how many shots ya take that counts .. so step aside.”“Westan shot, Liberty Vallance .. he was the starriest of them all” (Q Q) .. << my first use of an emoticon.
Kind regards in jest Westan , Phil
Hi Tools,
Thanks for the comprehensive overview. I’m saving your post for future reference as you appear to know what you are talking about. You mentioned poor mixing of quantities. A builder mate told me of the deals with brickies and contractors. Apparently a brickie might provide his own lime, with the sand provided by the contractor. A lack of lime has seen the need for re-pointing in older homes years later as the mortar subsides.
Any truth in this yarn from your point of view?
Kind regards and welcome to the discussions, Phil.
Hi Mel.com,
The paranoid schizophrenics may be better suited at the end of your book under the chapter “Tenant’s From Hell”.
Steve may have an issue with copyrite however. LOL
Seeya, Phil
Hi S.I.S.,
Kid’s can not be measured in dollar costs. Ask any parent.
Regardless of your age, you will never trade that timing of the moment your child enters our world. Nothing else matters in times of life and death.
We can talk about trying to time events, but no matter when your child comes to you, it will always have been just the right time. Any earlier or later, and that child would be another child, unknown to you.
Kind regards, Phil.
Bill,
Yeah I know about the impatient bit .. but ..
I don’t understand the contradiction between holding as an owner, yet selling if considering.
I feel like a fence sitter on the strainer post with choices in 3 directions.
1/ Stay put & refinance reserves if equity allows
2/ Stay put, go to work, pay the mortgage
or
3/ Sell up, prove the market, bank the cash for a downturn opportunityAware of the costs of selling and buying, are you now suggesting that the market might not drop by up to 20%?
Sorry mate, had to ask.
Kind regards, Phil
Hi Paul,
Thanks mate, Victoria was good, chasing cows, installing irrigatiion for trees and did a spot of spotlighting, but no bunnies in sight to skin that night.
Re the Child Maintenance (I promise to shut up soon .. promise). I have seen it put beer in the fridge for the ex’s new boyfriend while kids go around barefoot. No, not my daughter, her mother is excellent in care, but I have seen it first hand with mates.
One even argued schoolfees, referring to the total cost when the new boyfriend’s child lived under the same roof as my mate’s kids.
OK, I’ll put a sock in it. Seeya, Phil
riffraff and Shaun,
Precisely riffraff, get what ya pay for.
Shaun .. have you engaged another conveyancer (I’m sure it should be conveyancor) since returning to Canberra? If not, I have a good bloke for you to use. Talk saturday.
Kind regards, Phil
Hi riffraf,
Sounds like another one of your “hypotheticals”. LOL
Nope, you are too highly geared. I see no equity in your star.
Catch ya, Phil
Hi again Cooper,
Two more points, then I’ll get off my soapbox.
It’s tax related, so this is the appropriate thread for discussion.
1a/ On a -ve geared IP, the loss is added back to personal income for the purpose of Child Maintenance calculations. Yep 18% again on the loss, payable to the first child. More for extra children of course.
1b/ On a +ve geared IP, the passive income is taxed, then like all other income, another 18% comes out of what is left over after tax for the first child, hence the 32-33c left in your pocket out of every extra dollar earnt.
2/ My lady friend enjoys a fringe benefit from my employment. It’s discounted travel. For every dollar she spends on travel, my obligation is dollar for dollar in Child Maintenance payments, at a given reportable threshold. Fringe benefits received in kind (not cash) and as a result of the job, are demanded in cash by The Child Support Agency. I have loaded my projected income to account for potential travel. If the benefit is not utilised, I will have exceeded my obligation every month. If income is underestimated I am in the shit.
I feel that the system is to protect the custodial parent from the minority of arseholes who choose to go on the dole and avoid obligations with no vision for the future of their own children. The rest of us are the ones who are paying for it.
Off my soapbox now, has your viewpoint changed as yet ?
Kind regards, Phil
Well .. nothing surer than death, taxes, politics and healthy debate.
Dino .. again a good balanced argument mate. I like how you always come in after everyone has had their say and then summarise your points. We won’t always agree, but I respect your deliberation. Well said.
Cooper .. welcome to the discussion. This is not a “bitch about taxes”. I asked a question for us to compare the doubling of the tax free threshold, followed by a flat rate of tax to see how we might achieve greater equity for all taxpayers. It’s called “thinking outside of the square”.
I take you to task on your interpretation presumably of my argument on the inequity of Child Support. Apart from anecdotal reference it appears that I am the only one in this thread who has openly declared that I pay maintenance. Please read my words – “No parent would (hopefully) begrudge their child of support”. The ATO system calculates the payment. God only knows which commitee of divorcees calculated the formula. An embittered, non-communicative ex will not say no to the money. However, gross income minus about $11K, the balance then multiplied by 18% for the first child, will give you an idea. This leaves about 32c in the pocket for every extra dollar earned by anyone in the highest marginal tax rate.
That’s why Fatboy (a well respected contributor to this forum) questions overtime, even before those of us paying Child Maintenance. Another post asks us why we choose to invest. My answer: “To leverage lost time and leave something for my daughter”.
Positive cash flow in the short term for me is therefore not the smartest option. But I’m still learning and looking at a balance between that and capital growth.
In an attempt to build assets for me now and my daughter later, the Child Maintenance system is accepted as a short term cost due to circumstance, yet a hinderance to long term planning. Don’t get me wrong, I accept the responsibility, but at near $1000 a month, it certainly alters one’s choice of strategies.
I trust that you won’t experience a similar situation. Hey, it’s just discussion .. not a bitch.
Kind regards, Phil
Hi Aussierogue,
Long time, no chat. Not so much the jeans I was in disbelief about, but the fact that an agent would get back to a prospect by fax. Then call a week later?
I too have learnt that dress codes tend to be diametrically opposed to one’s ability. Like someone said to me: “If you can’t be yourself, who can you be”? I admire blokes like Branson who take the piss out of others while making money with each step. Ever notice how he is always smiling in any media photos?
In the agent’s case here, sounds like doesn’t give a s^^t, that’s different altogether.
Kind regards, Phil
Only a fool would lend money to someone with little or no experience.
So, for example, finding a development site for a block of 20 units (or even as little as 4 or 6 units) and thence looking for a money partner
is an impossible task if you haven’t been involved in this type of thing before.The solution is to start off small and get some experience.
Pisces133
>>ones person’s guru is anpother person’s ripoff merchant<<
Henry you will know the difference between the two after you have spent excessive sums of money
and find that whatever it is that you were being taught hasn’t benefitted you.Cheers,
Pisces133
Finding those questions and pondering about them is very useful.
If most people are like me (and I have no doubt that is the case) one will find that one loses the drive to pursue a particular goal and it is hard over time to not be distracted but to keep attention on the things which lead us achieving out goal.
Too many things which do not lead to a payoff
interfere in achieving whatever it is we want to achieve so it is good to from time to time take time out to consider whether we are still on the narrow path.Pisces133
No C2, I have no problems other than with this site.
Pisces133
Hi again Bronny,
That is almost unbelievable. It just doesn’t add up does it? It’s like opening a shop door, then refusing to sell anything. Sounds like this guy might be enjoying the beach permanently before too long.
All the best, Phil
Hi Bronny,
Might I suggest that he wasn’t the agent after all. Sounds more like a keen buyer waiting for the actual agent to return from one of the other units.
This guy had your number, the agent’s card and might just have taken advantage of the waiting time to put off interested parties. Then he phones you a week later to check his tracks for competition. Did the business card have a photo on it?
Nah, no-one would do that would they? Lot’s of agents get around in dirty t-shirts.
Kind regards, Phil
You’re a dark horse Mel, good for you.
Cripes .. 0 – 79 lolly machines !!
How do you “wrap” a lolly ?
Do you resist eating the profits ?
What if interest rates go up ? LOL
Talk about positive cash flow !
Will the banks lend against them ?When are you going to write a book .. don’t tell me, you already have right ? .. on the shelves next week no doubt ?
Regards, Phil
