Vic Wasteland Thread

[alr33x]

That's unlikely though

[Birds]

It would certainly be interesting times for investors spending their pay packets on multiple shortfalls and their negative gearing if a housing bubble did burst and a landslide of renters moved out to do their own thing. Would be slow and steady enough to counter for the savvy, but suddenly the investors would be the ones needing to get better jobs to own their own houses lol...

[joeyjoejoejuniorshabadoo]

That's unlikely though

LOL spoken like a true real estate agent...

[alr33x]

LOL spoken like a true real estate agent...

Spoken by someone with 12 years in the industry to have 5 tenants vacate at the same time it's a long shot really long shot. And if some break lease for example they pay penalties to offset lost rent so again 5 empty with 0 coming in don't think so

[alr33x]

It would certainly be interesting times for investors spending their pay packets on multiple shortfalls and their negative gearing if a housing bubble did burst and a landslide of renters moved out to do their own thing. Would be slow and steady enough to counter for the savvy, but suddenly the investors would be the ones needing to get better jobs to own their own houses lol...

Also unlikely - they'd sell. And property won't fall far enough for renters to be able to afford it in reality. Edited June 19, 2015 by alr33x

[Birds]

That's unlikely though

Stranger things have happened, like a property recession, but if she's spending all her pay on shortfalls and has fk all equity, all it takes is one badly empty tenancy for the house of cards to start tumbling

[Birds]

Ultimately she can afford the risk though, her parents will always bail her out which is why she went on the venture in the first place

[emts]

Sorry Birds, he was in the 86/brz club. Craig Furniss with the BRZ, managed a 1:54 I think.

the fast one is Dave from SAU.

the blue 86 with semi's and massive stoppers.

not huge power just does not loose speed in the corners..

[joeyjoejoejuniorshabadoo]

5 tenants leaving at once is unlikely... if she's as highly geared as most "multi millionaire" "property investors" are in their early 20's usually are, even 1 could bring it all down. Happens all the time.

[joeyjoejoejuniorshabadoo]

in any case you cant say that "anyone" can do it without a deposit or assistance, based on fictitious interest rates and when you (a) had a deposit (b) had 3 x assistance totaling over $100k and © work in real estate

[Birds]

Also lol at headlines always reporting the portfolio value and proclaiming them multi-millionaires

Firesell all the properties and see which bank account the millions go back to lol

[Birds]

in any case you cant say that "anyone" can do it without a deposit or assistance, based on fictitious interest rates and when you (a) had a deposit (b) had 3 x assistance totaling over $100k and © work in real estate

That's my big problem with this bitch

Do what you want with your own money but don't proclaim anyone can do the same

As dumb as a rags to riches rapper saying they have more money than this bitch therefore she could be the next eminem

[Birds]

the fast one is Dave from SAU.

the blue 86 with semi's and massive stoppers.

not huge power just does not loose speed in the corners..

This is where the 86 shines as an underpowered rear wheel drive

If you can get it to the corners and up to speed it's amazing

If all you're doing is booting it in a straight line and expecting to win the traffic light GP you're gonna have a bad time

[UNR33L]

Trollbitch is trolling

[alr33x]

in any case you cant say that "anyone" can do it without a deposit or assistance, based on fictitious interest rates and when you (a) had a deposit (b) had 3 x assistance totaling over $100k and © work in real estate

Where's the benefit to working in real estate? She still has to pay stamp duty maybe she saves management frees? which are tax deductible anyway

[emts]

whats the bet interest only loans as well...

banking on equity going up...

[Birds]

Where's the benefit to working in real estate? She still has to pay stamp duty maybe she saves management frees? which are tax deductible anyway

Shirley you can't be serious

[UNR33L]

Might start working in real estate, pretty easy job.

Edited June 19, 2015 by UNR33L

[emts]

how hard can it be...

say there are not making any new land..(and hope they don;t know about the land reclamation projects around the world)

say look at interests rates for past 5 years they ahve only gone down...following this trend interest rates will be in the negatives in 15 years and they will be paying you to ahve a loan.

say house prices have constantly gone up for past 10 years so by this trend your house will be worth 400% of what it is now.

say look at my nice car I must be good at what I do to drive this

end with buy it quick before the Chinese buy all houses.

go for beers

[UNR33L]

That's it, might go do the 3 month course and get a job (least that's what one of my mates did)