Lost MILLIONS of dollars in property ... and still smiling

Discussion in 'Property Information Resources & Tools' started by MTR, 27th Jan, 2016.

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  1. thegreat

    thegreat Well-Known Member

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    i can imagine the state you were in when u wrote this post;)
     
    thegreat, 27th Feb, 2016
    #181
  2. kierank

    kierank Well-Known Member

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    Please explain.
     
    kierank, 27th Feb, 2016
    #182
  3. Perthguy

    Perthguy Well-Known Member

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    Buy the book. :)
     
    Perthguy, 27th Feb, 2016
    #183
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  4. Azazel

    Azazel Well-Known Member

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    I wonder what the judges are doing now...
     
    Azazel, 27th Feb, 2016
    #184
  5. kierank

    kierank Well-Known Member

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    Nope. There are a lot of other books on my list before this one.
     
    kierank, 27th Feb, 2016
    #185
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  6. MTR

    MTR Well-Known Member

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    they doubled their money, so my point was they did not buy at peak, however did not sell at peak, if they did they probably would be heros today.
     
    MTR, 27th Feb, 2016
    #186
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  7. MTR

    MTR Well-Known Member

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    I am in Perth, 3 hours behind Eastern Standard Time, and its my birthday... do I have permission to stay up:p
     
    MTR, 27th Feb, 2016
    #187
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  8. MTR

    MTR Well-Known Member

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    I purchased the book out of curiosity. So far its been interesting, I don't read a lot, hopefully I will get to the end.
     
    MTR, 27th Feb, 2016
    #188
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  9. Xenia

    Xenia Well-Known Member

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    Happy birthday Marissa
    Hoping you are having an awesome day.
     
    Xenia, 27th Feb, 2016
    #189
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  10. kierank

    kierank Well-Known Member

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    This comment doesn't make me wrong. In fact, it makes me more right (if there is such a thing).

    As I stated earlier, their problem was they bought in Moranbah and they bought big and they paid big prices.

    When one buys multiple properties in a one industry, country town of 9,000 and one pays $900k for a property, like the one Kate showed us on 60 Minutes (equivalent house in Brisbane would have been $450K), then you have created yourself a problem.

    Even, if you double your money (although I can't see that $900K property going to $1.8M) in 6 months and you don't sell, then you have created yourself a BIGGER problem.

    Maybe you are right and I am wrong.
     
    kierank, 27th Feb, 2016
    #190
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  11. MTR

    MTR Well-Known Member

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    Maybe we are both wrong or both right, who knows, at the end of the day I think we definitely right about not investing in these areas.
     
    MTR, 27th Feb, 2016
    #191
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