Forum Replies Created
I agree. I think when the media wields the power it does, any knowingly-made distortion of the truth, especially when it concerns someones public reputation, should be cause for legal action.
Kind Regards,
Si
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http://www.profitsprophet.com/mach90.htmNot wanting to as aussierogue put it, “start a religious argument”, but I feel I should make a quick defence of christ’s teachings.
(i) The crusades, not to mention the spanish inquistion, were indeed terrible, but what is noteworthy is that they blatantly betrayed the highest teaching of christ ‘love thy neighbour’. This is in contrast to what pisces notes as today’s ‘muslim attitude’ in that their behaviour is jihad and supported by both Muhammed’s teachings and actions.
(ii) I don’t think there is a ‘natural way of things’ with regards to ideology aussierogue. People often assume that everyone was very happy before the missionaries arrived, but a quick look at the history books reveals the falacy of this and that the work the missionaries did was overwhelmingly positive.Sorry for the divergence Monopoly.
Regards,
Si(1) mutual funds
(ii) shares
(iii) rewards program that pays cash aswell as rewards points
(iv) thinking of business ideasRegards,
SiI can’t see any reason why bidding against them and winning the house is in any way immoral. The system is, (and it’s a fair system), that whoever is willing to pay the most for a house at auction gets the house. It makes no difference if this is your 50th house and you have millions, or the opposite. I think one of the assumptions here is that by not out-bidding these people we would be doing them a favour, but we don’t know that. We don’t know that they aren’t already bidding over their head, encouraged by the wife’s emotional sleeve-pulling, and a ‘favour’ from us would simply help them to realise financial turmoil. As a christian I obviously believe that one of the paramount purposes of life is to ‘love thy neighbour’ etc, but I sincerely believe that teaching a man how to fish is infinitely better than giving him a fish, and in many cases giving a handout can be detrimental as it can simply reinforce a dependant lifestyle.
In short, I believe there are times for favours but this certainly isn’t one of them. Bid higher and win the house.p.s. Thanks for a great discussion topic Jo
Regards,
SiFirstBruce,
I really liked that reply. I think you summed it up pretty well – either we decide our influences or they will be decided for us. I think similar ideas can be related to culture -either we decide what is desirable for our culture or we let it fall to the advertising companies and others of the like.Regards,
SiI think Russ’s point Anubis was that high yield properties are usually cheaper and thus cheaper properties, on average, may give a higher cashflow per dollar of capital spent.
Regards,
SiI really believe in the power of goals. Having firm, specific, detailed goals doesn’t mean a stress filled, busy life. For me it means an extra level of happiness because I know why I do everything I do, where it’s taking me and every day feels like a success because it is one step in the direction of what I want to achieve. Aside from succeeding in whatever area, these are the real power of goals I believe.
Regards,
SiHope things are looking better for you now bear.
Regards,
SiAnd where in NZ Mike?
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SiWhat province are we talking in Mike?
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SiThats right Geo but I believe its some of the best money Ive ever spent.
Regards,
SiMisty – you’re a genius. Many thanks!
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SiIm sure the internet would reveal your local property investors group tinkerbell.
Regards,
SiSorry for that previous botched quote. I agree with RussH regards asset definition. If it costs you money its a liability. That way, accruing assets means becoming more financially secure. A person with a moderate income and running ten cars may not be secure due to enourmous maintenance costs. this definition makes assets a desirable thing to acquire.
Regards,
SiOriginally posted by sizzling_duck:Originally posted by RussH:Land is not an asset but a liability.If something costs you money and has no return then it isa liability.
Sell the land and invest the nmoney on a +cf property.
An asset is something that makes you money.i.e a cash flow + property.
RussAn asset is anything you own, regardless of whether it makes you money or not. Your blinkers have shown to far this time RussH.
An example is cars are classed as an asset, they cost you money the run AND depreciates (in general), but they are still useful.
No information had been given on the area the land is in, the size of the block, whether in fact it could be sub-divided or an active rental market in place. Even the purchase price may have been helpful to know when looking at what is possible.
Several options would exist:
– sell the land if he has a mortgage to pay off. Put the cash to work on reducing the interest while preparing to use the equity to find a cf+ place (probably what RussH is talking about)
– use the equity in the land to get you loans on cf+ places. This is an option if you want to turn this to a investment property as well, some suggestions like a relocated house and turn it into an IP is a good option.
– if not rental but a buying and living area perhaps use the equity to build a house on it and sell it off. Look for comparable blocks with a house size you are prepared to build and find out its value. Even in this case you could rent it out, but probably not as beneficial as the cheap relocated house and other IPs option.
– if the block is large and you can sub-divide then perhaps this is the best option. You could possibly even relocate a few houses on a couple of the sub-divided blocks to get you a decent rental income, most probably end up quite cf+ in the end too.
– lets say it is a large block but no plans of sub-division currently and you don’t want to build or relocate a house at this point in case of a sub-division plan later on. Then at this point it is an Asset with an associated Liability (usually in the form of rates). If you believe the value will increase (capital gains +ve) and you could ‘rent’ the land out to local farmers, (for horses this is called agistment I think) for roughly the value of the rates each year. You can still draw down on the equity to get yourself some IPs and since you have more equity to invest in IPs than cash if you do sell it then obviously keeping it would help. Still rent from a cheap house outweighs by far rent from a farmer for livestock or horses to graze on….
Just a few non-blinkered ideas [rolleyesanim]
A bit more info would probably help btw [biggrin]
Regards,
SiI agree with russh – if its not making money its a burden. however if selling would lose more money than mortgaging, mortgage but be sure to buy a positive IP that will fully pay the costs of ownership.
Regards,
SiHi screamin,
I recommend Anthony Robbins material for any kind of motivational use. It is not a quick fix but it has invaluable advice that will facilitate u finding a solution.Regards,
SiWhat sort of content did it have Dram?
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SiI agree. I think NZ is prime investing. No capital gains. A culture firmly in love with property. No stamp tax. Other favourable tax breaks for property.
Regards,
Si?damn straight?
Regards,
Si
