Thoughts on Nathan birch's 2018 recession theory

To me, an expert is judged by their track record. I've been assessing experts for about a decade now.

I have almost nothing on Nathan Birch. Does anyone have any concrete cases of purchases made or recommended locations with dates?

Surely someone knows of a project he may have promoted in the past. Surely someone is a past client.

 

This guy calls him "Mr IQ" ....

An angry Mr IQ shows whites of the eyes - MacroBusiness


This guy gets even more direct...

Birch now in damage control

He's leveraged probably multiple times over in a wedding-style tier cake of investments. Normally the base layers are all paid off and fund the layers above in increasingly marginal increments but I can see this guy's mantra is not to have any "dead" equity at all sitting in a property so he'll have gone back to the bottom layers (his first investments that did the best) and siphoned out whatever equity he could from every layer.

Otherwise he wouldn't be in this situation. If he had even one solid property, he could have just liquidated that to cover multiple ongoing money demands at once. The fact he hasn't implies he's got no real equity of note in anything. The whole thing is as solid as pavlova all the way down and now the bank has put its foot on top.

 

My god, 3 out of 4 posts are a few bogans trying to outdo eachother in boganness

 

I feel dirty after reading that. I'll stay here, thankyou very much, where we don't have that level of foul mouth trash.

 

I used his buyers agency back in 2012 for 3 cash flow purchases. No dramas, got what I asked for. I already had quite a few properties behind me at the time and after enduring some terrible cash flow from them, I would only look at positive cash flow properties from them.

 

I wonder why no one likes him? I often used to read about him renovating in those Property magazines many years ago and to be honest the one article when he made 130+ in a reno somewhere in the middle of nowhere was the reason why I started to buy property and do it.

I never engaged the guy for anything but I often used to read about him in the forums, of course he comes across as a bogan but no one is perfect and for no doubt he has a hard work ethic in regards to labour

 

I think thats part of the marketing tool.... bogan, everyone loves the underdog, poor boy made good

love your avatar...... fascinating.....

 

thanks, I followed your posts also for many years, congrats on the success!

 

An angry Mr IQ shows whites of the eyes - MacroBusiness

Reading the comments in that thread highlights there is a lot of envious and bitter people out there who seem to gain joy from others joining them in their misery, to validate their own poor choices

 

Agree - Nathan gets a lot of hate, but he is a smart guy who has worked very hard and done well for himself. Many people who veer off from the mainstream get a lot of hate sadly. His success comes a working class boy who in his own words 'failed every grade from kindergarten to Year 12'. You gotta admire that imo.

 

here in 2020 , i guess i could add a little bit of jealousy to the hate group , i thought this meltdown was due in 2013 , kudos to Nathan for getting closer than me .

but the novices now are being offered the education of a lifetime if they choose to watch and learn

several records have been broken this year in the financial world , maybe there are a couple more to come

take care there could be more complications to come

 

Because he's dishonest and makes money at the expense of others.

 

Ouch!