[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

October 2, 2005 - 12:23 pm

Well…

I went house hunting today for the first time. What an extremely depressing experience

I feel that I can safely say that there is nothing decent available in a decent Melbourne Suburb around the $200,000.00 mark.

I have no idea how people afford to pay these prices for what is obviously an uninhabitable apartment. I would feel embarassed to house a dog in some of the places that I looked at.

One property did not even have a bedroom. It was totally unrenovated. It would have been almost impossible to live in. I was told “well… you cant’ get a better position than this… What else can you get in Toorak for under $200.000”

I must be totally out of touch. I had no idea prices had gone this high. Surely they are unsustainable at this level. Does anyone know what the average weekly wage is for person living in Australia? I would have thought that $200,000 would buy you a decent one or two bedroom apartment. Apparently not.

I will say one thing though. My father nearly smacked one of the real estate agents in the head. There is no need for them to be so damn rude and arrogant.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 20, 2005 - 7:50 am

“The Wealth Club meets the first Wednesday of the month at 7 Rivergum Ple Skye at the Sandhurst Club at 7.00pm at the moment till we get bigger numbers then we may look at closer to Melbourne.”

HOW far from Melbourne is Skye?

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 20, 2005 - 7:41 am

three people coming on thursday Danny. see you there.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 18, 2005 - 12:20 pm

There are already two other similar clubs in Melbourne but I would love to join your club as well. What area are you thinking of holding it in?

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 11, 2005 - 3:25 pm

Dear aussiexj,

Do you want me to give you the absolute best advice that you will ever ever receive in your entire life???????? If so… read on

The answer to your problem is….

Call Ross Jeffries and he will teach you how to get your wife to love you more than you ever dreamed possible. She will love you so much that that she will do whatever you want. YOU will now have ALL the power in the relationship.I truly meant that she will do absolutely whatever you want. Why? Because she will be so in love that she will not be able to stand the thought of you being in any way angry upset etc.

Ross invented speed seduction.

Peace.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 9, 2005 - 8:15 am

Good idea.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 7, 2005 - 5:56 pm

What that agent did is absolutely disgusting. I would speak to the owner of the real estate agency and try to get him fired. The vendor who you spoke to sounds like a complete idiot. I would have gone crazy if an agent did that to me. Absolutely crazy. He would not be getting a single cent and I would be suing him for negligence. In my opinion, if you have the time, you should take the matter further and get him fired. Also give his name to Neil Jenman and write an email to him. It is actually obtaining a financial advantage by deception, misleading and deceptive conduct and it is totally unconscionable and unconscientious behaviour. The agent deserves to be shot. As for your offer, it was totally reasonable in the circumstances and for someone to expect you to make your absolute final offer from the beginning is being unrealistic with regard to how the human mind and human nature works with regard to large purchases. If you give me the agents details I will definitely speak to his boss myself. It is a terrible story and I am very sorry that this happened to you. Good luck with future investing.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 7, 2005 - 3:22 pm

I personally hate the idea of that Amway type stuff because i loate having to sell to friends. Having said that I know someone who is apparently making a lot of money from a product called sunrider. I know that neither he or his fiance work because they get enough passive income from the business and he uses the money to invest in property.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 7, 2005 - 3:19 pm

I was told by a mortgage broker at the last Melbourne Property Group Meeting (from the somersoft forum) that Homepath are absolutely terrible. I was told that they consistently delay and delay to such an extent that people can miss their settlemant times. That they often mess up the loan amount and give you less than they originally promised. That they regulalarly lose paperwork and are extremely unhelpful. The mortgage broker said that their is no way he would recommend them to anyone.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 6, 2005 - 12:09 pm

Yeah i learnt to hate my mother for not letting me live with her who then died of cancer and because i hated her for note letting me live with her she left me out of my million dollar inheritance

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 5, 2005 - 4:37 pm

You should never ever ever send your children out of the family home. You should always make them feel welcome. It is their right to be there as long as they want to be. You have a moral and ethical obligation to look after your children no matter what their age. People grow up at different times and no one asked to be born. As a parent it is your responsibility to look after your children.

I was tossed out at the age of 23 because my grandma who i was living with died. I received an inheretance of $200,000.00 and I spent every cent of it in one year. If I had of been able to live at home this money would have been in the bank. Instead it went on rent, buying furniture, and then general costs of living like meals which I bought from restaurants 4-5 times a day. I can’t even say it was a good or happy year. Just an expensive one. What did I learn? Absolutely nothing.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 4, 2005 - 5:47 pm

I am sure Mr. Jenman would have something negative to say if you looked him up. I don’t know that for a fact, only guessing.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 1, 2005 - 4:51 pm

I checked out the website you recommended. It looks like an interesting place to invest.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 1, 2005 - 4:45 pm

Agree to all their demands provided that they pay an increased rent to cover your costs. Alternatively, if you can find someone else easily, ask for your home back. They sound like ungrateful ingrates.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 1, 2005 - 4:40 pm

I would personally do all that I could stay where you are and save up as much money as you can so that you can invest it. Sacrifice now and the rewards will come later. Obviously you will be driven mad but if you are in Brisbane, the weather is nice and there is nothing stopping you going to parks, coffee shops whatever to get away when you need to.

I have to rent because the people I lived with Grandma and seperately mum are dead. I HATE having to pay rent. What is worse is the other bills that are on top of the rent that you probably don’t have to pay at home. It is a nightmare. Focus on your business if it is at all possible is my opinion.

If you have to leave then leave there is no point going mad but if you can put up with it then I think you should try to.

Perhaps spending some of the money you are saving on a short trip away would make things easier.

Good luck

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 1, 2005 - 4:28 pm

Yeah,

I met one (relative) and (many years down the track) I asked how he became one. He told me that he did so by marrying into the richest family in Australia. I asked what his secret was and he said that he is a good cook and that he is good in bed. He also told me that none of his property investments have ever failed but that many of his other one’s have e.g. shares and business ventures.

I did not glean much else useful except to learn that not all rich people are worth knowing. Hence, I no longer speak to him.

My question:

Is property the absolute best way to make money?

Please keep in mind the following:

We are no longer in a boom

Also, property use to be an excellent investment because you could leverage given that banks would lend money against houses but they woudl not lend money against other investments like shares for example. However with contracts for difference CFD’s (a relatively new investing tool) you can now leverage a share transaction by 20 times. I knew someone who was consistently making 1400% a year trading CFD’s. There were also no tax implications when a profit was made. He now does this in England where the trades are considered a bet or gamble and thus there is no tax to be paid. Also the second richest person in the world is a share trader warrent buffet. Then their is George Soros with foreign exchange.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 1, 2005 - 3:48 pm

[thumbsupanim]HA HA HA [biggrin]

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 1, 2005 - 3:15 pm

That is an inspiring story John. Well done!!!!!!

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

September 1, 2005 - 11:22 am

Maybe sell the opportunity to someone else. Get a spotter’s fee.

[melbdude26Member@melbdude26Join Date: 2005Post Count: 33]

August 30, 2005 - 2:21 pm

Sounds like a good idea.