The 2014/15 Off Season Thread

[Avenger]

Hey Pou, I got offered $100k more than what I paid, for that unit in Newtown. In less than 9 months. Not bad ay? In all seriousness though, this shit cannot be sustainable, can it ?

 

[84 Baby]

I think the coalition will lose power at the next election no matter who is party leader. The important thing is to minimise the losses by appealing to the rusted on supporter base. That means no slick millionaires like Malcolm Turnbull.

Everyone else in Australia seems convinced that the best way for Australia to get out of debt is by borrowing more money and spending it on shit. Or that massive government debt is a good thing. At least we're doing better than Europe, right?

Libs, the Manly of the political world. Can play good footy, but still a bunch of f**kwits

http://www.google.com.au/url?sa=i&r...L7cSgbJeoh9l7RmIfRV3bs8Q&ust=1409295634011390

 

[Gary Gutful]

Hey Pou, I got offered $100k more than what I paid, for that unit in Newtown. In less than 9 months. Not bad ay? In all seriousness though, this shit cannot be sustainable, can it ?

About as sustainable as Bronco2010's ability to stop rubbing his wang every time he thinks of his beloved team.

 

[Gary Gutful]

Free beer, merkins

Horned Army ‏@thehornedarmy 17h Want free beer? Of course you do! Get to the @albionparra from 4:30 and it's the @Rams_Rugby shout .

Rams Rugby? Does he have anything to do with that conspiracy theory bloke?

 

[Avenger]

About as sustainable as Bronco2010's ability to stop rubbing his wang every time he thinks of his beloved team.

This market is insane. I haven't seen it like this since post Sydney Olympics.

 

[Poupou Escobar]

Hey Pou, I got offered $100k more than what I paid, for that unit in Newtown. In less than 9 months. Not bad ay? In all seriousness though, this shit cannot be sustainable, can it ?

So that's about a 10% increase in 9 months? It certainly better than it would have done over any period longer than that, leading up to now.

Why didn't you sell? And do you know what return you could have gotten out of other investments over the same period?

 

[Avenger]

So that's about a 10% increase in 9 months? It certainly better than it would have done over any period longer than that, leading up to now.

Why didn't you sell? And do you know what return you could have gotten out of other investments over the same period?

I'm leaving this one to the kids. I don't know what other investment choices would have made. I'll tell you a story in 2008 a mate of mine inherited $1 million in cash from his father's estate. He asked me at the time what I would do? I said buy a terrace in Alexandria or Surry Hills. They were going for about $1m and $1.2 million at the time. He didn't listen I even found him one particular one in Lawrence st Alexandria which was a cracker for $1.15. Probably the best I have seen. Anyway that same terrace recently resold for $1.95m. He instead invested in a share portfolio. I can't see that he would have made more than nearly $800k. This place rents for $1600 per week.

 

[Poupou Escobar]

I'm leaving this one to the kids. I don't know what other investment choices would have made. I'll tell you a story in 2008 a mate of mine inherited $1 million in cash from his father's estate. He asked me at the time what I would do? I said buy a terrace in Alexandria or Surry Hills. They were going for about $1m and $1.2 million at the time. He didn't listen I even found him one particular one in Lawrence st Alexandria which was a cracker for $1.15. Probably the best I have seen. Anyway that same terrace recently resold for $1.95m. He instead invested in a share portfolio. I can't see that he would have made more than nearly $800k. This place rents for $1600 per week.

Sounds like your mate's in it for the long term, meaning performance since 2008 isn't relevant.

An 80% increase over six years is incredible (for real estate), but how good is this investment for the bloke (or chick I guess) who just paid nearly $2M for it? Do you reckon they've made a good investment, and how long would you give it before passing judgement on whether it was a good price or not?

 

[Avenger]

Sounds like your mate's in it for the long term, meaning performance since 2008 isn't relevant.

An 80% increase over six years is incredible (for real estate), but how good is this investment for the bloke (or chick I guess) who just paid nearly $2M for it? Do you reckon they've made a good investment, and how long would you give it before passing judgement on whether it was a good price or not?

If their intention is to live in it long term it's not really an investment per say it's their home.

 

[I bleed blue & gold]

I went to the Rugby tonight.

Massive crowd....

 

[Suitman]

Sounds like your mate's in it for the long term, meaning performance since 2008 isn't relevant.

An 80% increase over six years is incredible (for real estate), but how good is this investment for the bloke (or chick I guess) who just paid nearly $2M for it? Do you reckon they've made a good investment, and how long would you give it before passing judgement on whether it was a good price or not?

Not sure what your point is.
If I was the original investor, and made the money quoted above, I wouldn't give a shit about those who paid the stupid money that I just made an 80% profit out of.
I would've made a grand profit, and would choose wisely before buying and selling again.
It's not really that hard Poupou.


Suity

 

[Poupou Escobar]

If their intention is to live in it long term it's not really an investment per say it's their home.

Absolutely. But what if they're offered price plus 80% in six years time? Should they change their plans and sell? In the same vein, did the people who sold this terrace for $1.95 intend to live in it, or did they intend to sell it for an 80% profit six years later?

 

[Poupou Escobar]

Not sure what your point is.
If I was the original investor, and made the money quoted above, I wouldn't give a shit about those who paid the stupid money that I just made an 80% profit out of.
I would've made a grand profit, and would choose wisely before buying and selling again.
It's not really that hard Poupou.

So if you knew some sucker would roll up and pay stupid money for it in six years time why didn't you buy it Suity?

And if you didn't know then do you think this is just maybe one extreme outlier that nobody could have predicted?

Price rises like this are sustainable because credit is so cheap and plenty of people believe real estate is the only way to invest, so they take bigger and bigger loans in order to pay for the increasingly expensive properties. They are buoyed by memorable stories of 80% profit in six months.

But interest rates are only this low because the RBA believes the economy is on the brink of recession. Eventually the music will stop and some merkin will be left with a big debt and no chair. Make sure you're not that merkin.

 

[Barry O'Speedwagon]

Absolutely. But what if they're offered price plus 80% in six years time? Should they change their plans and sell? In the same vein, did the people who sold this terrace for $1.95 intend to live in it, or did they intend to sell it for an 80% profit six years later?

Well, an option can never have negative value.....so regardless of people's original intention, the fact that they might have the choice to realise a significant gain is a good thing, relative to having no choice but to wait for later appreciation in value of whatever investment your in.

 

[strider]

so which one of you ME merkins is maroubra? ... logout so maroubra can log back in

 

[Gronk]

Can you believe that a bunch of our parliamentarians endorse some of these ideologies ?

Welcome to the world of Australia’s conservative Christians, where abortion causes bushfires and 90% of poverty can be solved by getting married

http://www.theguardian.com/commenti...-was-this-lousy-foetus-stress-toy?CMP=soc_568

 

[Poupou Escobar]

Good to see the Guardian doesn't endorse ugly generalisations. Seems the 'rational' left have their own dog whistles.

#hypocrites

 

[Gronk]

Can anyone please explain to me

a) Why a Mining Tax was a bad idea when the big miners (RIO & BHP for example) only pay an average of 13% tax, and the bulk of the profits go overseas, and
b) Why Hockey on one hand delivered a budget which said that the age of entitlement was over, that an ageing population was not affordable unless the majority are self funded. Yet last night he froze the Super contribution rate until 2021 ? Is he serious about structural reform or not ?

BTW that fat f**k Palmer needs to be strung up after saying this AM (in response to the super freezing) that most of us will be dead before we can access our super anyway.

BTW x2 Shorten is piss week.

 

[Joshuatheeel]

b) Why Hockey on one hand delivered a budget which said that the age of entitlement was over, that an ageing population was not affordable unless the majority are self funded. Yet last night he froze the Super contribution rate until 2021 ? Is he serious about structural reform or not ?
.

He is full of shit, entitlement is only over for sections of society that suits his political needs!!! If the age of entitlement over why:

- are we still helping people buy investment properties through negative gearing? It is the most generous tax scheme in the world, along with the capital gains tax concessions.
- why are we giving mining companies fuel tax rebates, yet increasing fuel tax for everyone else (yes only a small increase on fuel costs but let's be fair)
- why the f**k can people draw a pension from their super fund tax free? Surely there should be a limit?

 

[Delboy]

Can anyone please explain to me

a) Why a Mining Tax was a bad idea when the big miners (RIO & BHP for example) only pay an average of 13% tax, and the bulk of the profits go overseas, and
b) Why Hockey on one hand delivered a budget which said that the age of entitlement was over, that an ageing population was not affordable unless the majority are self funded. Yet last night he froze the Super contribution rate until 2021 ? Is he serious about structural reform or not ?

BTW that fat f**k Palmer needs to be strung up after saying this AM (in response to the super freezing) that most of us will be dead before we can access our super anyway.

BTW x2 Shorten is piss week.

To ensue the super contributions , that insipid leader Shorten just had to vote to abandon the mining tax which was doing zilch and then the issue would not have occurred. Shorten and Plibasek are typical mean spirited lefty loonies who are lurching the Labour Party towardsthe union movement not the nation.