The 2013/2014 Off Season Thread

[Gary Gutful]

Whatever get you through the night I suppose......

I agree Barry. Pretty weird behaviour. I never bother with the stick...

 

[Avenger]

Credit is still very cheap but it's too hard to get for all the chumps that fuelled the last boom.

Unless the banks start making it easy again for morons to put themselves into hock for life I can't see another boom like the last one. Especially with unemployment set to rise.

Property rules. I like to see my investments. Newtown hasn't even started. Within 10 years nearly all properties within 5km from the city including one bedroom apartments will be $1 million. In the end I sell one and pay off two and own them. My strategy anyway.

 

[Maroubra Eel]

Property rules. I like to see my investments. Newtown hasn't even started. Within 10 years nearly all properties within 5km from the city including one bedroom apartments will be $1 million. In the end I sell one and pay off two and own them. My strategy anyway.

Me too mate. It's worked for me so far. The closer to Sydney the better.

 

[Poupou Escobar]

Property rules. I like to see my investments. Newtown hasn't even started. Within 10 years nearly all properties within 5km from the city including one bedroom apartments will be $1 million. In the end I sell one and pay off two and own them. My strategy anyway.

Property is such a f**k around. The only benefit is that it's easier to borrow more, and you never have to worry about margin calls.

If you're an emotional investor (i.e. an inefficient one) it's nice to be able to touch the investment and be able to stay ignorant if it loses value. But really, property is for peasants. Long term, shares are king. Just leave your emotions at the door.

 

[Gary Gutful]

This nice Nigerian man sent me an email today telling me I can make shitloads. I've signed up so pretty soon the Milky Bars will be on me.

 

[Eelementary]

This nice Nigerian man sent me an email today telling me I can make shitloads. I've signed up so pretty soon the Milky Bars will be on me.

Mate, you've been taken for a ride - I got the same email, did the same things, and guess what? He's not Nigerian - he's Sudanese.

 

[Poupou Escobar]

Who cares? They all used to be part of Yugoslavia.

 

[Avenger]

Property is such a f**k around. The only benefit is that it's easier to borrow more, and you never have to worry about margin calls.

If you're an emotional investor (i.e. an inefficient one) it's nice to be able to touch the investment and be able to stay ignorant if it loses value. But really, property is for peasants. Long term, shares are king. Just leave your emotions at the door.

I have shares too. It's called superannuation. Soon you'll try and tell me it's better to rent than own your own home. When I hear that I keep putting the rent up. I'm such a vindictive peasant.

 

[Poupou Escobar]

I have shares too. It's called superannuation.

You should try a SMSF. You can f**k those shares off and fill your super with all the houses you want.

Soon you'll try and tell me it's better to rent than own your own home.

It's better if you don't want to live in the ghetto. I'd have to be worth a lot more to splurge on the place I'm currently living in.

When I hear that I keep putting the rent up. I'm such a vindictive peasant.

You don't decide the rent; the market does. If you don't believe me try to double it.

 

[Gary Gutful]

Mate, you've been taken for a ride - I got the same email, did the same things, and guess what? He's not Nigerian - he's Sudanese.

That's weird. But he comes through with the money right?

 

[EelsFan05]

That's weird. But he comes through with the money right?

I've been waiting two years for my return, but he promises if I keep investing every month the wait will be worth the investment.

 

[Avenger]

You should try a SMSF. You can f**k those shares off and fill your super with all the houses you want.



It's better if you don't want to live in the ghetto. I'd have to be worth a lot more to splurge on the place I'm currently living in.



You don't decide the rent; the market does. If you don't believe me try to double it.

I don't need to try anything, I'm ok just like this, I don't live in the ghetto and am a reasonable landlord. I don't know how I survived all these years without your valuable input which is usually opposite to everything anyone ever says. Hang on there's two ants crawling up my wall, I reckon the one on the right will get to the top first first? What do you think?

 

[Gary Gutful]

I don't need to try anything, I'm ok just like this, I don't live in the ghetto and am a reasonable landlord. I don't know how I survived all these years without your valuable input which is usually opposite to everything anyone ever says. Hang on there's two ants crawling up my wall, I reckon the one on the right will get to the top first first? What do you think?

I'll have a lobster on the one on the right.

 

[strider]

i'm backing the ant that plays middle half

 

[Poupou Escobar]

I don't need to try anything, I'm ok just like this, I don't live in the ghetto and am a reasonable landlord. I don't know how I survived all these years without your valuable input which is usually opposite to everything anyone ever says. Hang on there's two ants crawling up my wall, I reckon the one on the right will get to the top first first? What do you think?

I'd need more info about the ants.

 

[Avenger]

I'd need more info about the ants.

All jokes aside, I know you are no dumb merkin Pou. I know there are better investments out there. I just couldn't be f**ked doing something different. Property is safe, tangible and like you said is dependable, that's why banks have no problem in giving you money to buy them. I have mates who have taken massive risks and put their house on the line and made huge profits. I also know some that have lost plenty.

 

[Poupou Escobar]

Mate I'm not putting shit on investment property. Especially somewhere like Newtown. It's a quality investment that is extremely safe. Safe as houses even. The only risk is in the gearing.

 

[Gary Gutful]

Which ant ended up winning Avenger?

 

[strider]

yeah f**k this property talk - more ant racing stories

 

[Gary Gutful]

If they showed ant racing on Fox Sports I reckon I would watch it.