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Non Footy Chat Thread II

Gronk

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Why would you sell it? Just rent out the Syd property and rent Tas property (or just use the equity in Syd prop to buy Tas prop outright).
A lot of merkins in Sydney (east of Alexandria, Lane Cove or Thornleigh) would be paying $1,000 a week land tax, which bites a huge chunk out of the weekly rent of maybe $2,500.
 

84 Baby

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A lot of merkins in Sydney (east of Alexandria, Lane Cove or Thornleigh) would be paying $1,000 a week land tax, which bites a huge chunk out of the weekly rent of maybe $2,500.
And? That and the pissy annual costs for Tas prop would be the only new draws on that income (net of tax). The only question would be whether you could work a better return from the net proceeds of selling compared to the cap gains of holding. Short term is possible but the longer the term…. If I could talk to my 90s self about buying a house at the median price…
 

Gronk

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And? That and the pissy annual costs for Tas prop would be the only new draws on that income (net of tax). The only question would be whether you could work a better return from the net proceeds of selling compared to the cap gains of holding. Short term is possible but the longer the term…. If I could talk to my 90s self about buying a house at the median price…
Did you just crunch those numbers on the assumption that the property would be unencumbered ?
 

Gronk

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@Avenger so is it :rocket: with Shiba Inu or do we move in and take profits ?

When does FMO lose it's hardon and the bull turns into a bear ?
 

84 Baby

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Did you just crunch those numbers on the assumption that the property would be unencumbered ?
Fine the difference includes the loan maintenance of the new property and I guess rental agency fees because if the original property was encumbered beforehand than it won’t change
 

Avenger

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@Avenger so is it :rocket: with Shiba Inu or do we move in and take profits ?

When does FMO lose it's hardon and the bull turns into a bear ?
Your call. I’m holding. Don’t say I didn’t call it time and time again.

I’m the iron sheik of the shib.
 

Gronk

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It will get to 0.001.
The dog just fell off the f**king cliff. I'm holding on. Might spend the night seeding socials about this guy I know reckons it will 🚀 to 0.001. 😜

Wind Hurricane GIF by Family Guy
 

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