100% finance just means you’ll have more debt for longer. For some of us, it’s about building equity and reducing LVR- not having 0% equity and 100% debt.

I know 100% loans (or greater) are seen as a good thing by many. I’m old-fashioned. I think it’s all about reducing debt. Doesn’t mean one can’t build their portfolio- I just think it’s…[Read more]

U9026a said:

“Only a fool (or a Red) would vote for the Reds.”

So vote for the Greens!! [biggrin]

kay henry

No Baloo- the words by me have not been edited. I don’t edit my posts. Those were the words I said originally.

kay henry

Celivia said:

“Entertaining a yuppy would be peanuts compared to raising a family!”

Yes, and the yuppy would be much higher maintenance than the children.. a la.. “no, I’ll only drink Gordon’s Gin, Illy Coffee, Evian water, blah blah..” [goatee]

kay henry

Thanks Mel :o) That’s because you know me I wasn’t gonna respond (I don’t bother) but thanks for just being your good self.

kay henry

Just offer a fair price to the vendor. Divorce is nothing to take advantage of.

kay henry

Brenda

DSo you have to have any special qualifications to homeschool kids? Like a teaching qualification etc? What happens if you don’t know the answers to the schoolwork your children are doing?

kay henry

Just4fun,

I agree that people are often not focussed on tax when discussing pozz gearing. So the elusive $8 a week or whatever people are looking for, actually becomes $4 a week net return after tax is taken into account. It’s take lots of cf+ houses to live off if you’re looking at $4 a week net return. OK, let’s make the return bigger… $60 a…[Read more]

Amnd I thought so many people want to “retire” and live on passive income anyway? So we want our tenants working (fine upstanding tenants), but for them to pay off our mortgages, so that we don’t have to work. It’s not like many people on here want to be “wage slaves” or have a JOB (“just above broke”)- hehe- I’ve heard them all )

It would be…[Read more]

WallFlower said:

“Snotty DINK’s are working their 12hr days so they can wear Armarni and sip camparis and soda on chapel street on saturdays and show off their unstretched tanned torsos.”

You make it all sound so easy and glamorous [goatee] Lovely choice of words though … (now, where’s that martini?)

Let’s face it, pretty much everyone uses…[Read more]

WallFlower,

I am one of seven

kay henry

Sue,

Don’t feel bad- i loved your post, and I still think you should supersize those kids!! :o))

The most loving people have great kids, and I bet you raise really lovely kids, Sue. I don’t know why this post became a slag off of single mothers- too much watching today tonight and a current affair, i guess. And Sue, it doesn’t matter (to me) if…[Read more]

1wesley,

I see wrapping as being a banker. Whilst people talk about people being put in their “own” homes, I have yet to see a wrapper on here saying that they don’t actually own any homes because their clients own them. Wrappers still see the houses as the wrapper’s house, even though the rhetoric is that the house belongs to the wrappee. I see…[Read more]

If people rip me off, I don’t see it as my mistake at all. I expect people to do the right thing by me. I expect each party to any transaction- be it RE, or going to a doctor, or anything at all really.. to do the right thing by each other.

Remember, the vendor also LIED by saying the property would be snapped up, even though it hadn’t sold for…[Read more]

diclem :o)

How about supersize the kids and take them to mcdonalds until they eat $600 each worth of maccas? [hair2]

kay henry

Marisa,

I’m finding it hard to find a “definition” that might be used for general use in all situations. However, DEST uses the following definition in funding students:

• Rural students are those living in settlements of less than 5,000 persons.

• Isolated students are those living more than 100 km from a town of 10,000 persons or mor…[Read more]

felicity,

An expensive Daylesford property that is positively geared? hmmm. 400k at $800 a week rent? Something like that? I’m just interested to understand how it is positively geared in that area? Is it a commercial property?

kay henry

Marisa, seems like a country town, not a “regional” centre, or regional city.

kay henry

brahms, I don’t use the word “stupid” about anyone… and certainly not a victim as a scam as stupid. It’s just the way one sees things in the world.

kay henry

Del :o)

It would also depend upon one’s income, yes? I mean, if a person was a very low income earner, it is pretty hard to accumulate property at a great rate. I think there are so many factors affecting how well we can do in RE. I reckon income has to be a “fundamental” as to how wealthy we can become. Your thoughts on this, Del? Others? Let’s…[Read more]