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  • Profile photo of moxi10moxi10
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    Profile photo of moxi10moxi10
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    jmsrachel wrote:
    Freckle wrote:
    Locks like Doc doesn't want to play Moxie.  crying

    For a second I thought he was going to challenge you and stick it to you right to the very end! Obviously not game enough.

    Hmmm….  maybe he's gone back to the OK Corral to fetch the Earp Brothers

    Profile photo of moxi10moxi10
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    Doc Holliday wrote:
    Hello Everyone – this is my first post.

    Think for a moment. I can't even imagine the differences in the labour force in Australia in 1880 to now. What was the average wage? What was the unemployment rate? Was there even personal tax? Had anyone worked out what the inflation rate was back then – and what were the interest rates and just how much harder was it to get credit to buy housing back then? Or any period on your graph? What was the housing supply? And how do all of these supply/demand factors compare through the period of your graph to now?

    I suspect you haven't the vaguest clue.

    Welcome to the forum Doc. A very interesting and ambitious first post. 

    "i suspect you haven't the vaguest clue". I suspect that The Freckle will take up the challenge to conclusively demonstrate to you that you have made an erroneous assumption here. If you hope to defend your position, be  prepared for a time consuming debate that will require you to back up your position with a formidable array of statistics and information, or you will undoubtedly be overwhelmed! 

    I look forward to following the discussion.

    Your spelling of labor above-"labour"…are you perhaps like me of American origin? 

    Cheers,

    Tony

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    Hi Panno

    Another option is to offer to pay for some materials and allow tenant to do landscaping. If they agreed to do this, it could help them establish a personal connection to the property, and you could expect them to look after it, and maybe stay longer.

     Your PM has definitely exceeded their authority. You should be very clear with them as to what the limits are re the expenditure of your money on repairs. Obviously, better communication or a new PM is on the agenda. However, it does sound as though the work they authorized was required. But you should have been contacted.

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    Here's an article that was published  four days ago about the decision by BHP to use a 100% FIFO workforce at Caval Ridge and Daunia mines near Moranbah. There are obviously negative implications for Moranbah and other towns in the region, especially if the government allows this approach to be utilized by all companies on regional mines. Reading the comments below the article, it is apparent that some locals previously against the stance taken by the CFMEU against BHP in recent strikes have switched allegiance. I've personally witnessed the one-sided benefits which occur in regional mining towns, and believe that the mining companies should be required to source a predetermined percentage of their workforce from the local population. The locals should gain some benefit to compensate for the damage done to the local environment, particularly by open cut mines, which emit vast quantities of dust into the air, in spite of the best efforts to contain and deny it. All other considerations aside, this decision, if allowed to proceed, will make it even more risky for property investors to commit to mining towns. Which in turn will be another loss for local communities if investors avoid their towns.

    .http://www.miningaustralia.com.au/news/bhp-slammed-for-not-hiring-locals

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    Hi Catalyst

    Just to clarify for Chris the $15,000 estimate doesn't include labor, as I have noticed from your previous posts you do your own work, and I would be very happy to see so much achieved for $15,000.

    Regards,

    Tony

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    On the subject of games….I had a look at Cashflow 101 and 202 on Rich Dad Poor Dad website. Although ordinarily quite expensive, they had a half price sale advertised. When I clicked on the link I was repeatedly directed to the full price items. As a result I did an internet search and found a combined set of 101 and 202 on ebay for $79.00.  The seller has "more than ten". I placed an order, and the mint condition plastic wrapped games arrived Tuesday. I had to work away from home, consequently haven't played yet, but a quick look at the games leads me to believe that they will live up to their high reputation ("monopoly on steroids"). Looking forward to playing!

    Tony

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    Profile photo of moxi10moxi10
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    The best issue of API I've read, and I expect to refer to it in the immediate future to refresh my memory on key points made by all three contributors mentioned above.

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    The following article regarding the lifting of a ban on oil shale mining in Queensland.was in the Observer today in Gladstone. Curiously, this sentence ("The industry was told it must prove it's technology before the government would give the green light to proceed.")  in the article elicited no further comment as to whether or not the requirement was satisfactorily met.

      Now, do we get Tony Burke grandstanding again, delaying Federal approval for two weeks while a "thorough" analysis is undertaken to fill in the multitude of gaps left by the approval process in Queensland?

    https://www.propertyinvesting.com/forums/property-investing/help-needed/4345061

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    Hi Flynn

    Extreme caution or better yet total avoidance is the best policy here. I've been hired to do two termite repair jobs in my previous capacity as a carpenter. The damage to both houses was much greater than the owners had been lead to believe by several "experts" more qualified than your RE agent. In one of the houses I ended up literally propping up the roof section by section as I demolished and replaced almost every wall in the house. Then I replaced most of the ceiling joists and several hanging beams in the ceiling. The flavor of the rafters didn't seem to appeal to the termites, so I only had to replace two of them. The neighbors ended up complaining to the local council before the job was done, and two council inspectors paid me a visit on site. When they saw the extent of the repairs, they were not happy that I had proceeded without involving them. However, they recognized that the quality of the work was good, and when I explained that one thing lead to the next they left with stern warnings that I not repeat the exercise. The other house, while slightly less damaged than this one, was not a project for the inexperienced or faint hearted. Neither were cheap, and both impossible to budget accurately.

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    Hi Mark

    I've had good results doing renovations to my PPOR and refinancing to purchase IP properties. In my experience I benefited twice, improving my purchase power by increasing the value of each dollar I put into my house, and improving my own living standards. There is also the constant satisfaction of seeing the results of your labor.

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    Hi Joe

    jmsrachel wrote:
    Gees that question was asked 7 years ago.

    You've obviously been a member for a long time then. I was going to do a little research on rendering myself. This thread gives me a head start then. I noticed you mentioned elsewhere that you are getting a builders license soon. Are  you a carpenter? I think from a vague memory on another thread somewhere you mentioned you're in Mackay? I've been a Chippie in my  past life. I've got IP in Mackay. Might try to meet up with you sometime when I come up for an inspection.

    Regards,

    Tony

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    I second the motion. Freckle to be Treasurer…I don't fancy the chances of anyone convincing him to loosen to purse strings for ill conceived proposals. 

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    According to the following article, a lot of those exposed to risk of floods are not insured for various reasons, including the high cost. It also reveals that there has (surprise, surprise) been little progress in the Federal Government's Natural Disaster Insurance Review. So for many of those who have suffered damage to their homes, perhaps for the second time in as many years, there will be little assistance other than that offered by friends, family and neighbors. For those who do have flood insurance, hopefully their policies will be honoured, as at least the government seems to have been able to "define" a flood, a technicality which was ruthlessly  exploited by the less scrupulous insurance companies in the last big floods. Presumably all hose paying a house off should have mandatory insurance, but the article doesn't mention that aspect.

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    Hi Richard

    I'm also glad to hear you weathered the storm with minimal damage. On the bright side, bad weather helps you appreciate good weather!

    Regards,

    Tony

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    I vote for two new candidates

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