Yep, I’ve been gone for a while. The last time I complained in my imfamous post ” Its going downhill” I copped it big time from the uni students trying to buy houses in between exams.Don’t write another book Steve HeHe.
MJK[fear]
houses only – yr last line should read ‘not an english class!. see its not that easy!
touche Aussierogue
Because this forum only discuss about property, therefore I have to look for site where shares trading topics are discuss.
Kind regards
Chan Dollars
[Retire Young, Retire Rich]Yes, Chan$, I have same feeling, do you have any good sites recommend to us?[strum][[inlove]
Julian[inlove]
THERE IS ALWAYS A BETTER WAY!Hi all,
I have not really been on this forum for that long and I agree that many of the posts often end up in some sort of argument. On the positive side this forum has been a great source of information and I have made some great contacts.One thing that I have noticed is that on Jan Sommers forum allot of the messages within a topic are quite long, where as this forum seems to be smaller posts. Dont know why?
Steves book gives the impression that anyone can just go out and buy a shite load of +CF properties in a very short time. I think people who do not know much about property read this and go “hey yeah that looks easy” that’s what I’m going to do.
So they come here, then they start to learn about things like finding money for “deposits” and “closing costs” etc etc etc etc. It does not take long to realise that if you don’t have strong cash flow or heaps of equity already and considering the current market it can be tougher than 1 positive cashflow property every 8 days (I think that’s Steve average).
I not saying that it cant be done. I’m just saying that I think some people loose interest after a short time.
I used to teach people how to play guitar, you see it all the time. They came in and they want to play like Eddie Van Halen. That’s great, you need someone to aspire to. And it can be achieved, but its alot of work. Some people are just not up for it.
I would suggest that property investing is very similar and coupled with the heat going out of the whole market, forum numbers decline.
MarkyMark
Originally posted by HousesOnly:this is a serious investors forum and not English classes.
So are you saying only people with perfect English allow to posts in this forum?
If it is so then 99% of people here will either got some grammar problems or mispell.
Common mate, you can’t criticise this kind of things.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Chan, I believe most here would not hold that view. As stated, I respect the many languages that you personally speak, and I feel the poorer for only speaking one language. And yes, I agree, even those who have English as their first language are not perfectly correct in spelling and grammar, and I include myself in that. This Forum is about property- and it’s for all of us. It’s richer for having posts from people of all cultures, ages, experiences, and perspectives.
kay henry
Originally posted by Chan$:Originally posted by HousesOnly:this is a serious investors forum and not English classes.
So are you saying only people with perfect English allow to posts in this forum?
If it is so then 99% of people here will either got some grammar problems or mispell.
Common mate, you can’t criticise this kind of things.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]I can only echo those peoples admiration for the multilingual.
Have you ever wondered why english has become the international language? It is more than just the export of english via Entertainment and IT. I believe it is because it is such a forgiving language.
I’m sure most of us find people like Chan’s arm wrestle with English grammer both admirable and charming….and we are mostly gracious enough to fill in the gaps.
Go at it Chan, you’re doing just fine mate.
Hi all
I have been on this forum for a fair while and have always found it great for knowledge and at times entertainment.
I will continue to peruse and read the forums and try learn some more.
I have contacted some forum members and always found them open and helpful with there own opinions based on ther own experience.
I have heard and read of Steves strategy not being viable at this time it was different market conditions when he did it. Thing is that Steve gave me another way to look at an investment without the negative gearing etc.
Steve and others have given us knowledge of what to look for next time round when the markets allow investments to be more favourable to the buyer.
Wish you all well
alfhey alf,
the type of houses Steve was buying in Aus then (60K, rent for 130 per week) are available in NZ RIGHT NOW, so you could use Steve’s exact strategy right now, but in a differentcountry, and get exactly the same result. Why do you think so many of the MAP people are there now!
cheers-
Minijoy to the world
Hi Mini
Yes i am aware of the NZ opportunities. You invest there and others have also.
I have not too much knowledge of the areas etc even though i did have a look at some areas out of interest. I did fin +CF in tokoroa and a few other areas.
The whole investing over there i find a bit daunting with the different rates and laws etc.
Perhaps you could suggest some tips for novice NZ investor.
Espescially with the due dillegence side of it.
Dealing with issues over there RE: PM etc.
Buying over the net without seeing i find a bit difficult at this time. Even though i have heard all the reasons why its ok. Of course all the reasons why its not.
regards
alfOriginally posted by BEAR1964:Originally posted by richmond:I don’t think the government wants property prices to fall, I think they just don’t want them to rise as much as they have done… ie take the heat out of the market… it’s an economic management thing… I don’t think the government would be overjoyed to see masses of people with negative equity and struggling. The property sector, like all economic sectors moves in cycles… and it doesn’t necessarily take government or media manipulation to make it happen. Anyway, the media has bugger all interest in which way the property market goes, but we’ve had that discussion before…
cheers
rRichmond , I take it u dont think that people in the media have investments in Real Estate?
I think the media does try to influence politics, and the market in many ways and moslty for their own gain.
Im not talking about the average journalist here im thinking much higher then that.
Regards Bear
yawn, I’m not getting involved in another of these debates… you know what my response will be…
I’m glad it’s got a little quieter. I’m anal, and want to real ALL posts, so when I missed a week and a half at Easter – let’s just say I’ve only just caught up!![blush2]
I also hate to see any questions go unanswered, so even if it’s the 33rd time I’ve answered the same question, I’ll give it a go. Maybe there should be a big welcome note which says ‘Before you post, read this’ – and it tells you how to search for your answer, to save asking it again if it’s already out there….
It also seems that people’s patience (I can’t find the word I want, so it’ll do) is less than it was, and so there’s a little more acrimony than there has been in the past.
Maybe it’s time for the site to undergo another major upgrade, and force us all to go and get a life for a couple of days[laughing]
Cheers
MelI’m not sure what the forum was like a few months ago as I’ve only been on here for that time, but you only have to look at the recent posts in the finance forum to see it’s getting pretty heated at the moment.
This is a great site for information shared by some pretty clued up people and I can say my education has accellarated a lot quicker due to finding it.
Hopefully those sophisticated, experienced investors who regularly share their knowledge on here are not pushed out by all the aggression around at the moment.
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Some people above say that they’ve achieved their property goals and now are moving on to shares to kick some more.
Really?
All of a sudden you’ve acheived them?
Sounds a bit like someone having no goals in the first place and blowin’ in the economic wind…
Rubbachook
It’s useless responses like your last post that drives me nuts (sorry to be so rude!), it’s not for us to judge those that may or may not have acheived their goals.
Our goals change regularly and how we reach our goals doesn’t matter as long as we do.
Let’s focus on investing and sharing information.
Cheers
Leigh KOriginally posted by Rubbachook:Some people above say that they’ve achieved their property goals and now are moving on to shares to kick some more.
Really?
All of a sudden you’ve acheived them?
To be exact, I achieved it on 19 May 2004.
Sounds a bit like someone having no goals in the first place and blowin’ in the economic wind…
Consider what you are saying…and have some goal for yourself.Mate,
Sound like you are the rude one here. How do you know someone have no goals? Are you here to judge me or sharing knowledges?Back in July’00 I set my goal to buy 7 properties by 2007, and now I achieved it. Do you think it is a goal?
Wake up….mate…
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]If you have achieved what you had set out to do, well done, Chan. The word “rude”, you will notice, was Leigh’s – not mine.
Leigh, thanks for the moral guidance, but my conscience is clean.
It is curious that you both found this topic so sensitive.
Oh, and Chan, there is no need to spout cliche’s like “wake up”. I’m more than happy for you to search back through my postings and see that I have certainly erred on the side of sharing knowledge. There will not be much negativity there.
If I was to judge, Chan – and rest assured I am not – I would look into the reason for your goals. Why was it a set number of properties / shares etc or whether it was a certain monthly cashflow or property portfolio value, hours freed from work etc.
The best goals are not always the ones you can write up on a poster on the wall.
Oh how I long for the days when visiting this forum didn’t involve wading through posts where people tell each other off…
Cheers
rI have been a bit lax in visiting lately. It’s not that I don’t enjoy this forum, I really love visiting.
The market is not quite as easy to pick now and to go on investing really does seem to soak up the time spent doing due diligence before purchase.
Lenders also seem not quite as willing to toss the loans out to investors and I would imagine may at times be quite frustrating for some. Not my problem yet but I have been asked to be careful in further borrowing.
End of financial year is also looming and the dreaded tax return, for me this year is a monster. I have recently learned how to put the return onto a spreadsheet. Fantastic invention, does the adding up for you. Took me a while to learn the ‘sum’ button was a backwards ‘E’ tho. Who designed this program?
Cheers Brenda.
If you want to get out of a hole, first stop digging.
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