Elsewhere Celivia made the following statement : “Negotiating a price which both buyer AND vendor are happy with is fine in MY viewpoint.
It’s (knowingly) ruining people’s lives by badly lowballing the real value of a property that in MY view is unethical and should be made illegal.”We have of course already had some quite heated discussions about the subject Celivia.
However, the three biggest curses which keep many people in the poorhouse and which, if they were eliminated, would drastically improve many people’s life and lifestyle are (not necessarily in order of importance) :
1. being hooked on smoking.
Many ordinary wage earners on small to moderate incomes who have family responsibilities spend as much as $ 50 to $ 100 per week on buying cigarettes. Their payslip may show that they bring home less than $ 400 to $ 500 per week yet as much as a quarter of their take home pay may go on that horrible vice.They are not only setting the tone for their (ill) health but also blowing up in smoke valuable dollars which could be spent better elsewhere on their family.
2. being hooked on alcohol.
Again, many husbands are short changing their families by enriching the hotel owners.3. If one goes to any leagues club one will see armies of greyhaired elderly ladies extremely dedicated pulling a poker machine handle (or pushing a button as nowadays often is the case).
They are all very busy, pushing the button until their pension runs out.
Even moneys eventually will wake up if the payoff just isn’t there. Humans ? It doesn’t look like it.
All of these categories are ruining their life and lifestyle, robbing their families and all for what ?
Keeping the staff in the club employed, creating club empires ?
This world (or rather, the people in this world) are crazy.
The government is well aware but seemingly unwilling to act in a positive manner.
What say you all ? Kay ?
Pisces
Pisces, I agree totally. I don’t have any of those vices, but my big one is computers ( I am trying to quit, down to an upgrade every 3 years ) – always trying to go faster with better equipment.
As I said in a post to ethanw, learning to save can help a lot. It’s automatic, and after a while, you don’t even notice the money missing. Things become too easy when you realise it can do you good.
Enough from me for now……
“Looking forward to the day when I can tell the boss where to go”
>>”Looking forward to the day when I can tell the boss where to go”<<
Myydral, if you want to speed up the process tell him right now. [wink]
Pisces
Celivia.
How can you say that offering a low price on a house should be illegal.Everyone has their figure.
I know what I want for my house and if someone offers me less I wont be mad or think that he is unethical.You dont know what someones price is so you always go in low and meet somewhere suitable to both parties.If you want to talk about ethics what about banks or finance companies.If you miss a couple of payments they sell you house for what you owe on it.Not what it is worth.They dont care but I bet you dont blacklist the bank because of the way they do business.You still go there for a loan.Banking with them,borrowing from them means you condone what they do.Or you accept their behaviour because they are bigger than you and you still need them.Everyone has a choice on how they manage their finances.There are so many agencies that people can turn to for help or advice.But instead like pisces said they choose to smoke gamble or whatever and cry poverty.And then when someone is seen to be getting somewhere there is a huge outcry from the underdog about how they have been mistreated or taken advantage of.
I have learnt one thing over the years and that is.People always look at their worse attributes and then pull everyone down for the same thing.Because of their insecurities about themselves they lash out at others.
I have found that instead of trying to pull other people down to your level why not use that energy to improve your own situation.
Russ.Monopoly,
If you make mistake in your posted then you can edit it using the edit button on the top right corner of your posted.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Originally posted by Chan$:Monopoly,
If you make mistake in your posted then you can edit it using the edit button on the top right corner of your posted.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Thank you….cool; now I can delete the double ups etc [biggrin][biggrin]
Jo
i smoke and i drink, but i keep myself on a budget, i use the rule “pay yourself first”, the money left over is mine to spend. thats not to say i am down the pub every night, far from it, once a week/fortnight and even then its to the bowling club for a couple of hours where the beer is cheapest in town. i dont gamble, i cant stand pokie machines and cannot for the life of me understand why people play them.
just my thoughts on the subject.
cheers
shaunLead, Follow or get out of the bloody way
if the problem is money then its not a problem at all. if someone offers you a lowball price you have every right to say no…. cant get much fairer then that!!
RussH, as Pisces pointed out, we have had some discussions on this already, if you go to the post “Dave’s No-brainer” in the opinionated forum, this saves me from having to go into detail here again if you don’t mind. I’d like to think I’ve said my bit, if you don’t like my comments I’m happy to agree to disagree on this one. It’s just my opinion.
Yes Pisces it is really sad to see people being hooked on things that sabotage their health and wasting money.
I know someone who actually was gambling away the equity in her IP on pokies!
She is getting help now which is a big step.
It pains me to see this happening! Not sure how gambling could be regulated though apart from banning the pokies. I think a gambler will always find a way to gamble, e.g. on-line.I am living a fairly healthy lifestyle, I think, but it does take some discipline I have to admit.
You can’t ALWAYS be good hehe I love my Eastereggs you know that already pisces [biggrin].Hmmm, maybe I missed something, but here goes anyway….
1) I didn’t know that it was compulsory to accept any offer, let alone a lowball offer.
2) If the reason you are trying to protect somebody against lowballs is because they have found themself in financial difficulty due to gambling, drugs, poor business decision etc, then my bet is more often than not, giving them MORE money wont change anything. That extra cash will probably go to the same place as the last lot. So, you would actually do more harm.
3) I don’t live in communist Russia where the Govt determines all the prices.
4) How would you formulate what a lowball offer is. If it’s 20% below market value, then is an offer of 19.999% below OK?
5) And who is going to determine the market value? Give me 5 Valuers and I’ll get 8 different values!
6) What if I really want some cash fast to take up a super dooper business opportunity, so I put my house up for sale. Then somebody, gives me a low ball offer, but heck, i want that cash now and i agree to it. Would that be illegal?
OK so I have made an informed decision, but who’s going to be the judge on that? What’s the criteria here?
7) The idea sounds great, but in reality, how would you ever enforce it, let alone write legislation for it?
[exhappy]Gain 3 points for trying to help people.
[thumbsdownanim] Lose 5 points for not thinking it through.Its worth what ever the buyer is prepared to pay. Its just a matter of choice, not doing your homework etc. I dont have a soft spot for anyone who pays to much for anything. Except old grannies getting ripped of by door to door salesman.
Buyer Beware
We are all made from Stars
Just thought I would add that Kerry Packer is a smoker, Russel Crowe, Mel Gibson.
Everyone has a vice, some like smokes some like coke! If you want financial independence bad enough you will seek it. Majority are happy doing the same thing day in day out year after year, as a matter of fact, for most of their working lives.
Life is a daring adventure for others, it just depends on your racket and at the end of the day it doesn’t realy matter, as long as you didn’t piss your life away and had some fun on the journey!
130 properties or none……………..
We are all made from Stars
Nothing wrong with a buyer offering 20% less than the true value, is the sellers agree they should be congratulated for their sharp business skills.
Low ball offer – i think the term should be banned!
We’ve just bought a property for $190000 marketed at $230000! Why? Because it is not worth $230000.
It is in hell of a state and requires $20000 to fix up but then will be worth $240000+.
rgds
CobraDrinking, Smoking, Gambling…
Some live to enjoy the moment and would think us mad to live for the future as that is what they would see investing to be. It’s just different people with different lines of thought.
>>We’ve just bought a property for $190000 marketed at $230000! Why? Because it is not worth $230000.
It is in hell of a state and requires $20000 to fix up but then will be worth $240000+.<<Cobra, it doesn’t really look such a good kind of buy. In another thread titled ‘Anatomy of a flip’ I describe a similar situation.
Coming back to your purchase, after allowing for the following (as shown below) it doesn’t really start to look so good at all.
Purchase price $ 190,000
Stampduty $ 6,000
Solicitor’s fees $ 1,000
Repairs $ 20,000
interest say 6 mths X 7% $ 7,000
Agent’s fee on reselling $ 7,000
Total cost $ 231,000If your repair bill blows out it will cost even more.
Yes, I have allowed agent’s fees on reselling because by allowing that it reflects the correct value of the property.
Interest, I allowed six months. Firstly to attend to the reapirs, thence marketing time and thence,
after exchange of contracts, six weeks to settling time.So what was your reason for buying it Cobra at that price ? A long term hold for capital gain ?
Contemplating doing a wrap ?Am I looking at this example in the wrong manner ?
Pisces
Manofaction, you said: The idea sounds great, but in reality, how would you ever enforce it, let alone write legislation for it?
True, I knew I wasn’t being realistic here, rather idealistic
Gain 3 points for trying to help people.
] Lose 5 points for not thinking it through.Uhm are you gonna mark our posts now and hand out reportcards?
And are you doing this to try to help people? Well I’m sure you have thought it through (ideally)Hmmm if you are handing them out, can you make my report cover purple and stick my stars on it as well, so at least it doesn’t look ALL bad?[party]
Celivia,
You are lovely. Don’t ever change.
kay henry
Pisces, I gotta agree, agree, and agree with you entirely on this one.
(wrappack jumps up on his high horse, a fine, muscular palamino mare)
1) Being hooked on smoking. 40-50 bucks a week down the drain, but in pre tax dollars, probably 70-100 dollars.
13 years ago a friend was going to give up the smokes when they hit $5 a pack. Yep, hes still at it today.
Unfortunately, smoking fucks up the whole immune system of the body, not just the lungs. This is why, for example, women who smoke have twice the rate of cervical cancer than non smokers.
If you live a long life, if the lung cancer doesnt get you, the emphysema sure will. The lung loses its elasticity, so you can breath in okay, but cant really exhale at all.2) Hooked on booze. Ditto, but with the liver instead. Unfortunately, they almost go together. Almost all alkos are heavy smokers, and most smokers are also drinkers.
Sadly, my theory is that women are about to have a huge increase in their booze intake, curtesy of the lolly water industry. In forty years time we will look back and wonder how it all was allowed (and in fact was encouraged by the govt)
Sadly, the govt sees only the incoming tax dollar, without thinking about the paraplegics from the car crashes, the alcohol fueled crime, and the shot livers.3) Yep, got a relie who blows all of his money on the pokies.
My theory on human beings- we are all bedazzled to some degree by flashing lights.
Disagree? Well, lets see, the shops- ever spent more than you intended- they are all airy, and very well lit. My kids on the telly/xbox- nuff said. Yours truly (and no doubt a few others reading this post) on the internet.
What is it about human beings and flashing lights?Pisces, may I add a fourth?
4) Being hooked on shopping. “the practical art and science of constantly spending beyond your current and future means to procure non essential and frequently unused goods and services”and a fifth
5) Being hooked on cars. Buy a new car, it will cost you $150 a WEEK, bare minimum, and if you add up the opportunity cost, significantly more. Why is it that dopey arsed men love their hoonmobiles (small penis and ego, perhaps), and , for some women , they are a necessary fashion item?(wrappack now decends from his high horse)
Geez I’m glad we don’t allow pokies in our pubs or anywhere other than Burswood casino here in WA! Let’s keep it that way as far as I’m concerned!
Oh yeah, for those people who visit here and think it strange that we don’t have sunday trading in the suburbs, get over it because we like our leisure time here in the west and I am hoping our state government keeps it that way. I see it that the all the low income earners and uni students/school students would be working the sunday jobs and when is their sanity/leisure time. It would be a world gone mad…
My opinion on Sunday trading in the suburbs, and it is coming from someone who worked in the retail industry for 10 years.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
