Forum Replies Created
- hbbehrendorff wrote:doubledown trent wrote:I don't want to be the grammar police here, but….
If you don't know the difference between LOOSE and LOSE,
If you don't know the difference between THEIR and THERE,
and you don't know how to use an apostrophe correctly,why would we trust any of your ironclad predictions on the economy??
I'm sorry that my quickly blotted out 1000 word thesis on very broad economic fundamentals contained some bad grammar, Obliviously I have been caught out for the fraud I am and no longer have any credibility
Because the truth is I failed every grade past the 7th and didn't even complete year 11, Also English and Art where always my worst two subjects, I could never quite grasp them with adeptness others could…. wow, If you could only see me attempt to draw a stick man, Then that really would prove me to be wrong about my economic theory's
Perhaps you could write your own 1000 word opinion ?…
See, I have pondered writing much longer and in depth post, But it would probably reach 5000+ words and I would be ridiculed for a few grammar mistakes so there is no point…
Have to agree with DDT.
Lack of spelling, grammar and punctuation will leave you unregarded. In other words; few will pay you much attention to your opinions and advice.
Or, you'll be regarded but picked on for it.
Fair? No. But that's the way it is.
I don't bother with people who make no effort to present a post at least close to the standard that others can and do.
There's spellchecker and thesaurus available.
Rhys_Roberts wrote:House prices tipped to jump sharply in the next three years
Housing prices could increase by up to 22% during the next three years, according to a new survey, while the weekend's auction results continue to signal increasing confidence in the property market.
The new BIS Shrapnel Residential Property Prospects 2009 to 2012 report says that "the conditions are ripe for a sustained recovery in residential property prices".
"Low interest rates, solid growth in rents and housing shortages are evident in most markets. However, the current economic malaise will mean confidence will only recover slowly during 2009/10."
The report claims Sydney, Melbourne and Adelaide will record the largest price increases over the next three years at 19%. Growth in Brisbane, Hobart and Canberra is also expected, but Perth and Darwin are expected to experience weaker conditions due to lower spending in the natural resources market.
The report estimates Sydney's median house price will rise from it current level of $530,000 to $630,000 by mid-2012. Melbourne's median will rise from $425,000 to $507,000, with Adelaide's to rise from $360,000 to $430,000.
Brisbane's prices will rise from $391,000 to $455,000, Perth's will grow from $425,000 to $475,000 and prices in the Gold Coast, the Sunshine Coast and Cairns should rise by 14%.
The report claims that most of the growth in the property market is occurring because of first home owners, but that as the economy recovers more investors will enter the market over the next 12 months.
Meanwhile, auction results have recorded more gains over the weekend, giving weight to claims that the property market is beginning to see some recovery.
In Melbourne, clearance rates rose above 80% again, leading Real Estate Institute of Victoria chief executive Enzo Raimondo to comment that "the recent succession of clearance rates in excess of 80% indicates improved confidence levels in the overall economy". The city recorded 448 sales totaling $263.83 million.
In Sydney, the nation's largest property market, clearance rates reached 76%, with 191 properties selling at a total of $121.29 million.
Brisbane clearance rates reached 71%, with 17 properties selling at a total of $8.5 million, while Adelaide saw just seven properties sold at a total of $2.6 million.
God I hope so; all we do is keep buying. Haven't sold a single thing during all the D&G.
The bigger the footprint, the bigger the gain. Yay!
FinSpec wrote:I'm over the whole "my car is flashier than yours" – so I ride a scooter now and pass all the Mercs & Porches on the way into the office while they're sitting still in trafficEven better;
We gave up the commute.
Years ago.
harb wrote:ummester wrote:Harb, where have you been?Looking at buying some more houses , where else ? Thanks to that stupid FHOG increase one of my offers got knocked back and the place sold to a FHB for full asking price.
I recon there is sweet FA we can do about it now, it is a natural cycle, like property devaluations:)
Yep , been happening since the beginning long before we got down from the trees so it couldn't be our fault.
And I know for a fact that the rising sea level story is a crock of shit, don't need no satellites either. I've got a couple of S/steel rods into the retaining wall to measure tide levels and its been the same for 20 years now. Unless the concrete wall is expanding at the same rate with the sea level.Off topic, but had to add my observation on Harb's comment about rising water levels.
I have been visiting the Mornington Peninsula since I was about 7 years old (I'm now 47).
We now live in Dromana, not far from the pier.
The water level has not risen 1mm on the pier pylons in all that time, and the water is as cold as ever. It does get slightly warm in summer for a short time though – about Feb.
Think about this; the earth's surface is 80% covered by water. That's just the area it covers; it doesn't factor in the volume and depth.
Or, put another way; only 20% of the earth's surface is land.
Part of that 20% is the two poles – north and south, and over their respective summers, they each lose about 1/3rd of their ice.
It'd take a very, very big ice melt to even nudge the water level.
harb wrote:Where is the latest cut taking us back to, 5 years ago ? Wait another month and it 'll be back to 7 years ago.
How is your landlord doing, could you say hello from me and ask him if he wouldn't mind passing that rate cut to you so your rent go back to what you were paying 5 years ago. I'm sure he'll agree to it.Quote:So I'm not excited by the rate reduction.No , I guess you wouldn't be. Probably even less excited next month after another rate cut if your TD expires soon and goes from 8.5% down to 4%.
Just on that note; we got another rate cut last Tues, and one of our tenants just signed another lease today with an increase in the rent.
Am I laughing like a fat spider or what?
foundation wrote:I'm not an investing expert. But to ignore the jibes and answer the question, it's because they're pretty. And shiny. And heavy. But mostly pretty.
And because they are a store of real value, of real wealth (as they are the product of effort+energy and scarce) whereas paper money is intrinsically worthless. So my aim is to over the long term hold 10% of my assets in precious metals. As I said earlier, I'm all for holding real assets. Sure, in a general deflation their dollar value would fall and their income/yield would fall, but they would maintain their real value over time. But I wouldn't for a second consider borrowing money to buy real assets.
I'll happily admit that there is a slim chance that the deflation will be temporary and not become entrenched as it did in Japan. In that case it would possibly be followed by a period of high inflation. If signs point to that outcome, I'll change tack. But if not, I'll keep doing what I do.
Cheers, F. [cowboy2]
Can't see how this strategy will get you far and soon?
It sounds like you are using cash, to buy silver coins?
The cash is either earned, or it is the result of liquidating other assets. So now you have silver coins that have no income, using unleveraged funds to buy them, therefore your exposure to them would be lower, and with no income from them. That sounds painfully slow, albeit a very safe place to park money.
What do you call a "real asset"?
My interpretation of this is something that pays you an income, and increases in value, and has tax advantages as well.
It doesn't necessarily need to have all three, but it needs to have two out of three – it needs to have income, and tax advantages.
For example; a business can have income, tax advantages and not go up in value at all. If the income is good enough, then it is a solid asset that puts money in your pocket; it is a "real asset".
We all know (if you've been alive long enough) that in the longer term property will always go up, it has an income, and it is tax advantaged.
So, to me, this is a real asset, and even if the funds used to buy it are borrowed (as is the case with a business) then as long as the income is greater than the outgoings, it puts money in your pocket and is therefore a real asset, even though it's value might be stagnant for a few years.
The excess funds, if reinvested back into the property or business in the short and medium term, will increase leverage, profit, nett returns and cashflow. This accelerates the process to do it all again, snowballing the result.
Of course, the prudent investor monitors LVR's and cashflows constantly for safety.
This surely has to be better than raiding the piggy bank to buy a few silver coins to stick in the drawer for 20 years, and budget priced shares, using very little leverage?
Or are your precious metal stocks via some sort of share package? So, basically; you are pretty much only in shares, with no leverage at all?
Not saying it's wrong, but jeez, it's a snail crawl and can be done much better and quite safely – even in this climate – with some borrowed funds.
Your strategy sounds like that of a "saver" – level 2 investing. I think all of us here are a bit above this level by now F.
