Property Club investors stung with 45 pc mortgage repayment increases

Discussion in 'Property Market Economics' started by ollidrac nosaj, 8th Jan, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
Page 3 of 3
  1. Ted Varrick

    Ted Varrick Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,941
    Location:
    No Mans Land
    This thread seems to have started with a "these investors have too much debt, what will they do?"

    So for anyone who has watched the investors mentioned might consider ringing up an investment bank, "securitising" (and I use the term loosely) their debt, to other "investors", and then moving on with other things.

    If they have seen the ads, they can just "Nimble it"...and then deal with more important things.

    Like buying a new Lambo and a plane.
     
    Ted Varrick, 10th Jan, 2018
    #41
    datto likes this.
  2. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt

    Imagine those classics going cheap. Woo hoo.

    Look at the size of the bucket seats. Those motors wouldn't even have an electronic ignition. Where would you hook the scanner on one of those lol? Wait there were some diagnostic contraption that hooked up to the leads.
     
    datto, 10th Jan, 2018
    #42
  3. Ted Varrick

    Ted Varrick Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,941
    Location:
    No Mans Land
    Didnt someone mod a Commodore (pffft! No pun intended) 64 to do those diagnostics?

    And print it out on an Epson dot matrix?
     
    Ted Varrick, 10th Jan, 2018
    #43
    datto likes this.
  4. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    Really. I'll have to research that one . Lol. Wonder if its cheaper than Tech II scanner.
     
    datto, 10th Jan, 2018
    #44
    Ted Varrick likes this.
  5. geoffw

    geoffw Moderator Staff Member

    Joined:
    15th Jun, 2015
    Posts:
    11,679
    Location:
    Newcastle
    No, the other way around. The Investors Club started in 1994, when Nathan was still in nappies.

    To be fair to them, they did put a lot of people into property, even though the quality of the properties was poor. Many people needed that first peer support to step out.

    I guess they probably also collected commissions on the loans, legal fees, developers fees and the rest.

    Their best piece of marketing was to call it a club.
     
    geoffw, 11th Jan, 2018
    #45
    Toilandtrouble likes this.
  6. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,255
    Location:
    Sydney or NSW or Australia

    The only resemblance to a club was what the punters got beaten up with and it was a blunt financial instrument.
     
    Scott No Mates, 11th Jan, 2018
    #46
    radson likes this.
Page 3 of 3