Why don’t you do gooder wannabes **** off to where you came from? Have you seen what we did to anyone who knocked wraps on the wrapping forum? We told them where to go.
**blah blah blah**
Don’t mess with the nice guys
Some people here have a moral conscience i guess – if you want to make a killing from wraps, go for your life. I personally wouldn’t, but that’s ok, i sleep well at night… []
There was a time and place for wraps a few years ago – but in the current climate i don’t think there is… that’s just my opinion, each to their own i guess…
And do us all a favour, lose the tough guy wannabe attitude will you ?? If you want swear and hurl abuse go to the pub with your mates – it sounds like you could use a beer or three… []
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
Interesting thoughts there Mini – the renting a palace idea is something i’m seriously considering actually – the value of Sydney real estate however makes it hard to sell my PPOR atm. After all, if i can do both, why not ?? []
quote:
i will debate until the cows come home, I love a good debate (I was a champion at school so *watch out!* hehe)
Glad to hear it – we won a State title when i was at school and suprisingly enough somehow i ended up getting sucked into joining the team – so bring it on !! []
What i was getting at is i see (and hear !!) of so many people blindly racing into the market because it’s the “in” thing to do atm… I honestly think those people (more so here in Oz than in NZ) are like lambs being led to the slaughter… Crazy prices are being paid for places in areas that 12 mths ago were less than 50% of the current asking price. And who is paying these inflated prices ?? Investors !! Certainly not the locals !!
As westan said an agent was selling a place for 45k that 6 mths ago sold for 19k (i think that was the figure iirc ??) – do people honestly think they’re going to get more gains from them ??
Scary times people, just remember it’s an important life decision to invest – treat it with the care, caution, and importance it deserves…
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
hey, unfair! don’t tell me what I could or couldn’t do – if i had a mind to! and don’t underestimate me either! *you have been warned!*
Ok, in that case i’ll have two ip’s in Melboune, 2 in Sydney, 2 in Brisbane, and 2 in Nth Qld thanks… 15% yields would be good but i’ll settle for 12% if i have to… []
quote:
I’m in the process of trying to get this NZ RE agent to join up the forums and start posting a bit, be there to answer questions!
Now THAT is a great idea… []
And it absolves you of any “blame” if someone buys a place that becomes vacant or whatever…
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
The major problem is that it heavily favours those with equity (ie. older people generally) who have benifited heavily from the capital growth in the last few years
Not a bad point – but what about those who struggle to buy now and reap the benefits of equity in the future ??
The way i look at it, property works in cycles, this one no different to any other… Those who missed out in the latest “boom” will make up for it during the next one, whether that’s in 3 yrs or 10…
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
Just to play Devils’ Advocate – I’m just wondering if any of the people so keen to do a deal on Mini’s kind advice actually do their own “due diligence” and investigating ??
Go do some of your own searching and deals like this ARE out there !!
It’s like watching lemmings to the slaughter, geez people, Mini can’t provide an excellent IP for everyone !! []
Good on you Mini for posting the deals, but sheesh, what an incredible response !! []
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
Wages aren’t massive yet – over 100k is massive, i’m working towards that amount though… []
Actually going to see my accountant tomorrow, need to spend some cash after my DA was knocked back for those duplexes… Apparently the land will be rezoned in the next two to three years so i’ll just hold on to the existing place for a while…
Given another interest rate rise today i think that the market will really start to slow – we might see some real good buys in the next 18 mths… Will be getting that LOC happening straight away… []
Oh, and there’s always some in reserve for a rock… []
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
Pretty much what Car Lover said – marketing companies always charge to sell properties, and i’ll guarantee you 9.5 times out of 10 the marketers fee will be tacked straight onto the price of the property – and then some…
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
If you’re comfortable with their opinions then why not ?? It’s entirely up to you of course – i personally would prefer to inspect the property myself, but that’s just me… I genuinely believe you should get a “feel” for an area yourself…
Look at it this way, would you let someone else spend 30k of your money on a second hand car without you seeing it first ?? If not, why spend 100k or more the same way ??
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
I’m not so sure why you feel “investors” should be penalised for setting up their own retirement fund ?? Or do you expect everyone to live on the joke that they call the old age pension ??
I don’t have any faith in superannuation, they’ve lost plenty of my hard earned dollars in the last couple of years. For that reason i’ve decided to no longer contribute to my super fund – all that goes in is what my employer tips in… And by the time the Government think i should retire (15 years after i think i should !!) all i will get is an indexed pension out of my own super fund anyway… Bugger that !!
Providing a future income stream is my goal, why should i have to pay a premium for it ?? [?]
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
Nah, i’m not as firey as those guys on TV Mel, our racing is only shown on “Speedweek” on SBS – we can’t afford to hit each other “too” often… []
As for me having money, that was in the past – before i started racing… Since then it’s asset rich, cash poor !! []
Still, i get the feeling you’d be able to do a hell of a lot more with my equity than i am currently doing – any tips or do i have to buy the “rock” first ?? []
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”
Went halves in a rambling old dump with my old man many years ago, finally got frustrated at only owning half and bought him out at market value two years ago (110k, half of the 220k valuation) – two years later it’s worth at least 400k. That’s Sydney for you though, nothing clever about doubling your money here in the last three years or so… Any idiot that bought any property would have made a killing… []
To balance things out an ex girlfriend of mine wanted to buy a place at Greystanes (near Parramatta) in 1999 – i found a nice 3 bedder on a 950 sq.m block for her at 245k. She had 100k deposit to tip in, but adopted the “what if no-one will rent it ??” mentality…
The same house just sold again last month for 575k and is being pulled down and a duplex is to be built… and yep, we still keep in touch occasionally and she still has her 100k in the bank… []
Cheers,
Paul…
“I want to be rich, and stupidly happy – so far i’ve only managed to achieve the stupid part…”