flag of convenience Posted March 12, 2016 Share Posted March 12, 2016 Ok next time I will offer up someone else's similar experiences and gloat on their behalf shall I. I am not the only one whom has an investment property and/or a super fund and/or some savings, a prudent and diverse portfolio, and pay tax, but what I do is offer up my experience not in an attempt to gloat but in the hope it will help others and an obviously in a failed attempt to point out to you that your assumptions about people and their investments are flawed. Many have told you of sacrifices they have made to better their own and that of their families lives and you fail to accept this and keep running them down. I note you are still not telling us all as to how you can afford a 4 month holiday! or do you not want to gloat? Nothing to do with you how I fund a holiday. Probably living on jelly beans keeps other expenditure down to enable to focus on the important, which is overseas excursions first and foremost. Offer experience really? Well that's one way at looking at it I suppose. I see it more as gloating and little intellectual argument evident at all. In fact a lot of denial and head in the sand stuff when coming to look at a bigger picture. No my assumptions are not flawed. I don't always get it right, but wanting a pat on the back for being a clever boy with regards housing purchases is odd to say the least. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 12, 2016 Share Posted March 12, 2016 Maybe not but you are the one that enjoys tying the string to the door handle! But it your tooth that being pulled and the indignity is all yours being felt. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 12, 2016 Share Posted March 12, 2016 So does buying an investment property! Actually not on present yields. Poor investment however you look. Looking at continued capital gains? I suppose a small group could be shuffling two million dollar around between one another but who outside that group for foreigners looking to laundry money be able to afford the hyper inflated piles? Quote Link to comment Share on other sites More sharing options...
Steve99 Posted March 13, 2016 Share Posted March 13, 2016 There is absolutely nothing wrong with buying a house as a real estate investment and letting it out. A perfectly legitimate wealth creation strategy. Depending on the meaning of 'wealth creation' Inflation of the property market by cynical and vested interest politicians etc to create this 'wealth' is not legitimate in any moral or even economic sense. Nothing is created in the current process of housing 'investment' as the vast majority of investors are buying existing property so are doing nothing for the economy or mankind, so once again not legitimate in the true sense. on the other hand If you built new property and The government (tax payer) did not give you such massive handouts re neg gearing and cap gains tax discounts and to top it off Renters had far more rights than they do then perhaps it could become legitimate. As it stands it is not. The whole business of housing and in particular 'investing' is no better than a casino economy. Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted March 13, 2016 Share Posted March 13, 2016 Nothing to do with you how I fund a holiday. Probably living on jelly beans keeps other expenditure down to enable to focus on the important, which is overseas excursions first and foremost. Offer experience really? Well that's one way at looking at it I suppose. I see it more as gloating and little intellectual argument evident at all. In fact a lot of denial and head in the sand stuff when coming to look at a bigger picture. No my assumptions are not flawed. I don't always get it right, but wanting a pat on the back for being a clever boy with regards housing purchases is odd to say the least. So it was just the Jelly Beans that were expensive in all those over priced eateries you sampled down Albany way! However I see you now admit that some sacrifices have to be made to achieve your goals, something to date you have refused to accept when offered up by others as a proven (by experience) fact. I think you confuse 'Gloat' with 'Proud'. Also in having only a one sided view (doom and gloom in your case) with an added inability to accept, when offered, experienced facts is not really being very intelligent. You have proven yourself to be a totally contradictory Richard Cranium on many occasions and no doubt will continue to do so. Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted March 13, 2016 Share Posted March 13, 2016 Actually not on present yields. Poor investment however you look. Looking at continued capital gains? I suppose a small group could be shuffling two million dollar around between one another but who outside that group for foreigners looking to laundry money be able to afford the hyper inflated piles? As you already know I am quite happy with my investment and the yields it produces at present and my prediction that it will continue to do so, I am also quite happy with the tax I now and will continue to pay on these investments. I note you now say 'small group' so now a minority, a little contradictory from your usual cover all views, but pleased to see, in your mind at least, that I, along with many others in a similar situation, may now not be such bad boys after all! Yes lets blame it on the foreigners hey! Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 13, 2016 Share Posted March 13, 2016 As you already know I am quite happy with my investment and the yields it produces at present and my prediction that it will continue to do so, I am also quite happy with the tax I now and will continue to pay on these investments.I note you now say 'small group' so now a minority, a little contradictory from your usual cover all views, but pleased to see, in your mind at least, that I, along with many others in a similar situation, may now not be such bad boys after all! Yes lets blame it on the foreigners hey! Bloated I'd say in your unearned gains. My view remains fully intact with regards to NG. Especially in a time of eased credit it is disastrous to the economy and nation at large. Not forgetting the inequality and servitude resulting. I look at different angles from time to time, but contradictory, I think not. The first sign of that I'd be jumped on as our (on vacation) Back packer friend attempted to score Brownie points on recently. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 13, 2016 Share Posted March 13, 2016 So it was just the Jelly Beans that were expensive in all those over priced eateries you sampled down Albany way! However I see you now admit that some sacrifices have to be made to achieve your goals, something to date you have refused to accept when offered up by others as a proven (by experience) fact. I think you confuse 'Gloat' with 'Proud'. Also in having only a one sided view (doom and gloom in your case) with an added inability to accept, when offered, experienced facts is not really being very intelligent. You have proven yourself to be a totally contradictory Richard Cranium on many occasions and no doubt will continue to do so. Sacrifices ? I do what interests me which doesn't include an ostentatious nor bragging lifestyle. In fact the four months away is in grave peril, probably bad luck to have aired it, with partner looking increasing likely to be restructured out of a job. Or in fact the time away being a good opportunity to disappear her position in the present climate of induced fear. I don't think I confuse the two words at all. I'd say lucky is more acceptable. AS for one sided, welded on views, look no further than a number of posters that inhabit such a forum. Your own conform to this rather aptly at least a good part of the time, but hardly the greatest offender. You only need a little 'insight' into the workings of the economic system to understand where the doom and gloom, you appear unable to come to terms with derives from and a little understanding into the crisis that has been allowed to build up but to which many prefer to bury their head firmly in the sand. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 13, 2016 Share Posted March 13, 2016 As you already know I am quite happy with my investment and the yields it produces at present and my prediction that it will continue to do so, I am also quite happy with the tax I now and will continue to pay on these investments.I note you now say 'small group' so now a minority, a little contradictory from your usual cover all views, but pleased to see, in your mind at least, that I, along with many others in a similar situation, may now not be such bad boys after all! Yes lets blame it on the foreigners hey! I agree ignorance can be blissful. It creates a feeling of undeserved well being at least until reality knocks. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 13, 2016 Share Posted March 13, 2016 Depending on the meaning of 'wealth creation'Inflation of the property market by cynical and vested interest politicians etc to create this 'wealth' is not legitimate in any moral or even economic sense. Nothing is created in the current process of housing 'investment' as the vast majority of investors are buying existing property so are doing nothing for the economy or mankind, so once again not legitimate in the true sense. on the other hand If you built new property and The government (tax payer) did not give you such massive handouts re neg gearing and cap gains tax discounts and to top it off Renters had far more rights than they do then perhaps it could become legitimate. As it stands it is not. The whole business of housing and in particular 'investing' is no better than a casino economy. Housing is indeed a Casino economy. I find it a little harder on here to share the rapturous delight some profess at 'their present' good luck. When harder when they claim to have done it through their own hard work and sacrifice. A folly to which government, banks, brokers and the rest whom know who they are, should be hauled before the hot coals on judgement day , for the mess and suffering imposed. Quote Link to comment Share on other sites More sharing options...
Parley Posted March 13, 2016 Share Posted March 13, 2016 Flag, if you choose to fritter away your OH's money on a hedonistic lifestyle rather than invest for your future that is up to you. But don't complain when unemployment rolls around and the cupboard is bare. I hope you don't have to high tail it back to the UK with your tail between your legs like someone we know. Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted March 14, 2016 Share Posted March 14, 2016 Bloated I'd say in your unearned gains. My view remains fully intact with regards to NG. Especially in a time of eased credit it is disastrous to the economy and nation at large. Not forgetting the inequality and servitude resulting. I look at different angles from time to time, but contradictory, I think not. The first sign of that I'd be jumped on as our (on vacation) Back packer friend attempted to score Brownie points on recently. There you go again, guessing to try and bolster your personal view and a totally incorrect guess yet again, the taxman has a net gain from me and will continue to do so, so please tell me what is wrong with that. I admit the NG was a factor in my investment decision but played a minor role, in what you like to call 'the bigger picture' for me, and the bigger picture has absolutely nothing to do with you. As for another pat on the back for me I play the rules for how they were intended, a little initial help followed by a longer term thankyou, but like all rules and regulations there will be some that will abuse them beyond that of the original intent, and therefor like many other rules and regulations are in need of tweaking to weed out these abusers and not the mum & dad investors. You may well look at things from a different angle from time to time but soon dismissed with not even one of those looks having changed your doom and gloom opinions. Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted March 14, 2016 Share Posted March 14, 2016 Housing is indeed a Casino economy. I find it a little harder on here to share the rapturous delight some profess at 'their present' good luck. When harder when they claim to have done it through their own hard work and sacrifice. A folly to which government, banks, brokers and the rest whom know who they are, should be hauled before the hot coals on judgement day , for the mess and suffering imposed. I thought you were surviving on Jelly Beans? Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted March 14, 2016 Share Posted March 14, 2016 Flag, if you choose to fritter away your OH's money on a hedonistic lifestyle rather than invest for your future that is up to you. But don't complain when unemployment rolls around and the cupboard is bare. I hope you don't have to high tail it back to the UK with your tail between your legs like someone we know. I am sure his cupboard is well stocked with Jelly Beans! Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted March 14, 2016 Share Posted March 14, 2016 I agree ignorance can be blissful. It creates a feeling of undeserved well being at least until reality knocks. Could you enlighten us all as to what you personally have in place for when reality knocks? as we assume that it will happen in your lifetime Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 14, 2016 Share Posted March 14, 2016 Flag, if you choose to fritter away your OH's money on a hedonistic lifestyle rather than invest for your future that is up to you. But don't complain when unemployment rolls around and the cupboard is bare. I hope you don't have to high tail it back to the UK with your tail between your legs like someone we know. You really haven't a clue. I certainly won't be going back to UK. Will you? Your birthplace after all. Give me parts of Europe, even Asia any day, over UK. Hedonistic lifestyle? Other halves money? Yep. Sounds like me. If that means not tying my money up in over priced unproductive housing and following the bleats of the sheep. certainly could take a year off or five for that matter and still 'have a future'. The only question I have to you is Will you have a Life? Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 14, 2016 Share Posted March 14, 2016 Could you enlighten us all as to what you personally have in place for when reality knocks? as we assume that it will happen in your lifetime Good sense knowing life is short, Debt free. Cash in bank etc. Enough reality checks for you? Rid yourself of the angst and get out there and live it. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 14, 2016 Share Posted March 14, 2016 I thought you were surviving on Jelly Beans? Yep but colour code so daily a different colour. Should try it. The result being it feels like a different meal every day. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 14, 2016 Share Posted March 14, 2016 There you go again, guessing to try and bolster your personal view and a totally incorrect guess yet again, the taxman has a net gain from me and will continue to do so, so please tell me what is wrong with that. I admit the NG was a factor in my investment decision but played a minor role, in what you like to call 'the bigger picture' for me, and the bigger picture has absolutely nothing to do with you. As for another pat on the back for me I play the rules for how they were intended, a little initial help followed by a longer term thankyou, but like all rules and regulations there will be some that will abuse them beyond that of the original intent, and therefor like many other rules and regulations are in need of tweaking to weed out these abusers and not the mum & dad investors.You may well look at things from a different angle from time to time but soon dismissed with not even one of those looks having changed your doom and gloom opinions. Already explained the tax concessions you receive on behalf of myself. I'll take the underlying feelings of gratitude in my stride. Change my opinion? Who you? You can't be serious? The most pedestrian look at the state of the nation and greater world economy would arrest any feelings of glowing delight in all but the most ignorant, self obsessed, or head up own rectum brigade. Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted March 14, 2016 Share Posted March 14, 2016 Already explained the tax concessions you receive on behalf of myself. I'll take the underlying feelings of gratitude in my stride. Change my opinion? Who you? You can't be serious? The most pedestrian look at the state of the nation and greater world economy would arrest any feelings of glowing delight in all but the most ignorant, self obsessed, or head up own rectum brigade. But it appears it is only you that is seeing $#!t, whereas I can see sunshine Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted March 14, 2016 Share Posted March 14, 2016 Good sense knowing life is short, Debt free. Cash in bank etc. Enough reality checks for you? Rid yourself of the angst and get out there and live it. Appears as though we are more alike than either of us would care to admit. As life is so short could I offer you some advice?..............leave the doom & gloom alone and start enjoying more the little time you have left. Quote Link to comment Share on other sites More sharing options...
Keith and Linda Posted March 14, 2016 Share Posted March 14, 2016 You really haven't a clue. I certainly won't be going back to UK. Will you? Your birthplace after all. Give me parts of Europe, even Asia any day, over UK. Hedonistic lifestyle? Other halves money? Yep. Sounds like me. If that means not tying my money up in over priced unproductive housing and following the bleats of the sheep. certainly could take a year off or five for that matter and still 'have a future'. The only question I have to you is Will you have a Life? There's something your not telling us, I think you are using the silver spoon with the jelly beans! Quote Link to comment Share on other sites More sharing options...
newjez Posted March 14, 2016 Share Posted March 14, 2016 Sydney market is over ripe for a massive correction. The forces that be of course may not allow it to happen or defer the inevitable. The selling of national assets to overseas buyers, be that in London or Sydney is nothing short of a scandal and should be a top platform in political manifesto. Sydney is a city where the majority of Sydneysiders cannot afford to buy into. Much of Australia is not far behind. But like I say, what could go wrong? I do agree with you. But I will say this. They call it long and short for a reason. Going long for a short period of time, and going short for a long period of time aren't generally a good idea. It's all in the timing. Yours hasn't been great, although I agree you are on the right track. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 14, 2016 Share Posted March 14, 2016 But it appears it is only you that is seeing $#!t, whereas I can see sunshine No far from it. A whole nation or at least an ever increasing part of it are seeing the light. No idea why you remain in the wilderness not to say darkness. Only assume a place you feel more comfortable in inhabiting. Quote Link to comment Share on other sites More sharing options...
flag of convenience Posted March 14, 2016 Share Posted March 14, 2016 I do agree with you. But I will say this. They call it long and short for a reason. Going long for a short period of time, and going short for a long period of time aren't generally a good idea. It's all in the timing. Yours hasn't been great, although I agree you are on the right track. I have no idea when the correction or bust will take place. Hence how can my timing be wrong? There is much the government can do to intervene to allow the folly to continue longer. It will happen. Just depends on degree and by what amount. Things are certainly looking glum, but the Property sections in the daily journals would have most the populace thinking otherwise. Quote Link to comment Share on other sites More sharing options...
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