Forum Replies Created
When they start using “condominium” it will be really confusing….whatever that is :x
Great post Acey!
Interesting viewpoint Ted,
>>where as the US market is under priced<<
This has been a bone of contention for quite some time. It will be interesting to see how this plays out.
Originally posted by kp:Ding a ling ! Ding a Ling !
Yep Gerry, I hear them bells ringing.Need to add a new word for the dictionary..
How about HERDISM, something to do with herds and frenzys.
There is a fear and greed aspect to all this too.To just rely on rental property income as the only alternate source of income also beggars belief.
How about this for an alternate source of income:
A friend of mine owns two sets of Taxi Number plates (plates only, for 2 taxis, not the cars))
He leases them out for $350 per week per set of plates.
So thats no rates, taxes, insurance, outgoings, etc. for a gross(and nett) return of $350 pw. each.
Maybe the plates are worth $120k to trade, so thats a yield of 15%+KP
I imagine the plates will increase in value over time also. Good stuff!
Originally posted by JasonBourne:– “never catch a falling knife”.
Jason, you took the words right out of my mouth.
Look back over previous down cycles. They have always lasted longer than a few months…usually several years. Prices are still at boom levels.
The traditional mantra is “buy in the gloom” right?
Well we ain’t got anywhere near gloomy yet!
FWIW
Originally posted by kay henry:wayne- sorry for being [offtopic] I am not familiar with his work, but I’ve done lots of work on class and status in Australia- researched and taught about it etc. Doeshe make reference to the “aspirants”? It’s a new term really, and I guess it’s been a consequence of the discourse around the working class. Noone wants to htink of themself as working class anymore.. so now, they become “aspirational”. Politicians can call them aspirational voters, and noone gets angry at being termed such.
As for me, I am firmly working class- I’ll be a worker all mah life, but I don’t consider myself aspirational. I’m pretty content where I’m at.
I’m probably off track here, wayne- wanna set me straight?
kay henry
Kay yes, his work is largely along those lines. It explains why so many people are so unhappy in an age of tremendous prosperity, and offers some solutions.
It would be interesting compare the findings of your work with his.
Cheers
SuperTed,
>> The Aus sharemarket has been in a bull run for at least 15 months now and is at all time highs (did you miss it?). To say that our market will continue is very optimistic especially when the US market is set to rally.<<
I don’t know if I understand you. Your post seems to indicate that you believe the ASX will come off, if US markets rally. Is this what you mean? Because traditionally, the two markets are fairly highly corelated. Sorry if I’ve misunderstood.
My view: Well, I don’t have a view. Bias can be expensive. But FWIW, be very careful with sharemarkets at the moment. The landscape *may change dramatically after the US elections.
errr….getting back to the topic:
Has anyone been watching Alain de Bottons series on the ABC on sundays?…comments?
The book is turning out to be a great read as suspected.
Cheers
Yeah I read that guys.
But its just part of a tit for tat between Raimondo and Jenman.
I’m neutral on Jenman, and he does seem to have lost the plot; but the other chap is not really a paradigm of virtue either.
On balance, Jenman has been responible for some positive changes (my opinion only) and I would prefer the industry with Jenman in, rather that out of it….. that said, the negatives of Jenman and his system are duly noted.
Where’s the expose’
There is only a link to an REIV article…hardly damning.
bleed ( P ) Pronunciation Key (bld)
v. bled, (bld) bleed·ing, bleeds
v. intr.
To emit or lose blood.
To be wounded, especially in battle.
To feel sympathetic grief or anguish: My heart bleeds for the victims of the air crash.
To exude a fluid such as sap.
To pay out money, especially an exorbitant amount.To run together or be diffused, as dyes in wet cloth.
To undergo or be subject to such a diffusion of color: The madras skirt bled when it was first washed.
To show through a layer of paint, as a stain or resin in wood.
To be printed so as to go off the edge or edges of a page after trimming.As we are speaking in the vernacular of ordinary people, I am wonder which of the above definitions of the word “bleed”, implies exclusivity to the female gender?
Originally posted by The Mortgage Adviser:They are very quick to do margin calls on Forex trading. The ups and downs that can occur in a day on a 2% leveraged hold are HUGE!!!
yep! unless you have a very large account, you are taking on substantial risk.
You can try daytrading with a smaller account, but this path is strewn with the corpses of blown up (usually undercapitalized) traders.
If you insist on giving this a go, try http://www.woodiescciclub.com and sign on to the live chat…it’s free and very good.
There are a number of traders who daytrade euro futures (including myself) and a chap who gives some excellent instruction on daily commodity charts (including the currency futures).
N.B. there is no commercial gain for the organisers of the site at all.
Cheers
>>Tradesmen: Builders $25-35 per hour
Handyman/woman $15-20 per hour
Labourer $10-15 per hour<<Sheez! Tradies are cheap!
What is the cost of living like compared to Oz, Mini?
Yes, shares and futures can be played either way, but property a whole ‘nuther thing.
When you buy property with gearing you are taking a punt on the upside…a pretty safe bet for the last sixty odd years.
At the moment I am nervous about long side, non-liquid investments, thats all…unless they represent really excellent value. I am personally going to wait for better value in the property market, and I think its worth prompting others to at least examine the risks.
The good management of Australias economy mightn’t save us if the US and/or EU tank.
We will be sucked down in the vortex.
er… yes. But scroll down, I have included the whole chart up to the present. (I did add some charts so you may need to refresh)
>>Don’t you think the occurrences in 1929 could never happen again in this day and age?<<
I don’t know if it will. But I can’t see any reason why not, given the right circumstances. I think there is plenty of potential for the poo to hit the propeller as things stand in the world at present.
Greens!?!
I have green leanings myself, BUT…an examination of the Greens non enviroment related policy reveals them to be redder than the Reds.[baaa]
Originally posted by The Mortgage Adviser:Basically, YES. There are about a million variables though. Your income is one. Property prices are another.
GEARING IS THE FUTURE!!!!
Providing there are capital gains in the medium term future. Some economists are still worried about deflation and depression.
It must be noted that the majority of economists dismiss this as a possibility…but so did most economists prior to October 1929.
For a chart of real house prices for the period click on the link:
http://tradingforaliving.netfirms.com/real_house_prices.htm(Note: Scroll down for other interesting charts)
Note that it took about 30 years for real house prices to recover from their heights of the late 20’s
Cheers
Aussie,
A lot of Perths water already comes from underground. There are two large underground water “mountains” where it is drawn from. (the Gnangara and Jandakot Mounds).
There is heaps of water there, but if depleted enough, ocean water will seap into the areas, hence the worry of salinity.
There is a deeper source of so called “fossil water” in an artesian basin that stretches from Bunbury to Geraldton that can never become salty.
I have a paper on the issue, but here is the govt. blurb for those interested:
http://www.watercorporation.com.au/owf/owf_options_groundwater.cfm
Westan,
Interesting comments about NZ. I’ve never been there, but aside from the water/safety issue, the Kiwi’s seem to have there act together.
Every time I turn something over to see where it’s made, it is more and more often NZ…and keeping out of other nations affairs has always been a smart move.
HAH!!
Speaking of water shortages; in todays news:
Cities to be stuck with water bans
By Steve Lewis, Michael Bachelard and Samantha Maiden
June 25, 2004
http://www.news.com.au/common/story_page/0,4057,9945875%255E421,00.html
