Forum Replies Created
I picked up a copy at Myers. Used a voucher (Other peoples money) so I was happy. Speaking of saving $$$ took a few things on board about budgeting (knew that I had to budget but ’till now did nothing). Within half an hour saved $130 a year on rego and internet. That is a days pay that stays in my pocket and I am not doing without
Torachan
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Can I play to? Is there a prize? There is always a prize. I am hoping to hit 10 posts by this time next week
Torachan
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Thanks heaps Marc.
Not much I can say other than you are spot on and have given a lot of food for thought. Of course there isn’t a system that is going to work if everyone does it.
Thank you for taking the time to reply.
Torachan
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Thanks everyone for replying to my post. I wasn’t trying to sound negative but may have come across as such (and the last thing the world needs is another negative person).
It’ll be a while before I can invest in property as I am currently studying full time but rest assured that I am studying the market and have a few plans and am prepared to learn from both people who have been successful and those who have not. Of course I listen with the B.S. detector turned on and the bias filter at the ready (we all know people whose returns have hardly been good let alone great).
Thanks again and I hope that I get such great replies to my future posts
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Hi all
Thanks for taking the time to reply to my concerns. I wasn’t trying to sound negative (I am sure we all know people who are). I do not own any properties (investment or otherwhise). The only thing holding me back is my low income (full time study does that, but hey, education is an investment as well) and poor finances (credit cards have been destroyed and are well on their way to being paid off).
It just seemed to me that every man and his dog has an investment property. That got me thinking about how not everyone can have an investment property.
If it is a “bubble” and if it does “burst” then there should be plenty of opportunities for the true investors.
To reiterate. I wasn’t trying to be doom and gloom. If anything I am very excited at the prospect of becoming financially independent (my goals are somewhat modest than Steve’s). Negative gearing has never made sense to me (well I understood the principle but it still seemed … well dumb).
Thanks again for replying to my post. There will more sometime soon
Cheers
Air goes in and out. Blood goes round and round. Any variation is a bad thing
As for not being clear… I pay that one. My post isn’t clear. I was just trying to say that if everyone bought 1 residential investment property the whole idea wouldn’t work. It certainly seems that there are plenty of “investors” out there at the moment. In a paper last week some Real estate agent was saying that investment properties with a defence force lease can get snapped up within half an hour.
I am sure that I am about to ruin any credibility (if i had any to begin with) and say No I do not have any investment property. As I said in my original post I do believe in residential property as a definate road to financial freedom.
Thanks for taking the time to reply to my original post
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Hi all.
For what it’s worth I believe that other states (including those overseas destinations New Zealand and Tasmania) will follow suit so there is nothing to be gained by abandoning NSW on the basis of this unfair tax alone. A wise investment remains a wise investment.
I feel that the real lesson to be learnt here is that governments can change the rules at anytime. Interest rates will no doubt rise in the future(a safe assumption).
If Jan Sommers is to believed the housing market is made up of between 66%-75% owner occupiers which leaves 25%-34% people renting. Surely if every homeowner bought just 1 investment property there is going to be a few empty properties? Or is that just me? I am not trying to be funny here.
At the end of the day (geeze I hate that expression) it’s the fundamentals that will seperate the investor from the speculator. A poorly located house which is over capitalised and over geared has to perform poorly compared to someone who has done the research.
Air goes in and out. Blood goes round and round. Any variation is a bad thing
