What makes this forum so pleasant?

He might be grating to many, but definitely is not lame.

If you want to talk lame; talk US Congress - unless it's directly affecting their own hip pockets; then watch 'em go..

We have another thread for The Donald assassinations.

 

I'm lucky in terms of colleagues... I can talk with my lunch buddies at work... they are really interested. One guy is in the early stages of doing an ~8 unit development, another guy owns about 4 places in NSW (plus a block of land on the south coast which at some stage they will build on), another guy owns a home and an IP right near the new North West Rail Link train stations, a gal is trying to upgrade - finding vendors unreasonable (also try to keep her mum happy!) There's also a guy who plays on the sharemarket... I think he's not doing so well with it... and another guy who was going to buy a 2br unit in Chatswood but will instead buy a home in Brisbane (much more bang for his buck... the 2br unit in Chatswood would have been about 900k).
They all know my property adventures.

Property investment is not a taboo subject and usually our lunchtime conversations end up at the very least touching on it. Our lunchtime table at work is crowded most of the time (you can seat about 7 people tops). Occasionally I have lunch with other groups but often find I have no interest in their conversations so that happens infrequently.

Anyway... my lunch buddies even all agree another colleague spending roughly 800k to build a new house out near Penrith on small land didn't make a smart move - someone said he just does what his wife tells him and he doesn't think about it...

Anyway I was thinking of putting together a workplace specific chatter group about property investment up... I have to know if its kosher....

 

Apple pie?

 

I vote the Duck

 

Nothing. This forum is the same as others like that. It is full of optimists who are pretty far away from understanding the real problems in our economy. Also here are a lot of individuals who just can't live on the same page with someone who has a different opinion. That is why a lot of participants with realistic views not fuelled by overwhelming optimism don't post here often anymore.

 

I like reading your posts barns, along with all the other risk conscience investors .

 

In the words of my three year old, Ha ha ha. What?

 

Im keepinf with the tradition of threads goung off topic...apparently all the cool people do this these days. .

 

I would say because when a post is obviously stupid, misleading, insulting, and/or intellectually debilitating (for the reader), rather than flaming said post in a most Machiavellian way, a large number of forum members seem to immediately, in an amazingly, and arguably collectively sociopathic kind of way, assume that the poster has some kind of inherent character flaw, and therefore post either nothing, or words to the effect of "thank you for your participation and interesting point of view" as opposed to "go forth and multiply".

Could it be that we have discovered Warren Buffett's actual holy grail of "intrinsic value"?

 

I think referred to as a doomsayers
.....I agree with you.

Mtr

 

You guys had me at pi ...

 

Yea well without saying anything too derogatory, most people on other forums have a life plan that revolves around working for someone.

 

Like McDonald's or homemade

 

Replace relos with forumites
#EvilIdeasStolenFromFacebook

Lol

 

For me, I'm not interested in understanding the 'problems of our economy'. For one, there is nothing I can do to change it and 2, there will forever be problems with economies and 3, I'm interested to create wealth and financial freedom and not get caught up with all that noise.

For me it's really simple. My only agenda is to build wealth and achieve what financial freedom means for me and my family. That is it. I don't care what the economy does, banks do, our lovely and corrupt politicians do . None of it. Its all noise to me.

Laser focused on the goal without deviation. That's my only agenda.

Just my opinion.

 

1000% agree with this. There will always be problems with any economy. Those problems will vary depending on where you are in the country as well. I am like Leo, all I can control is ME (well ... Me and hubby . ). I aim to maximise OUR life.

We have our endgame goal in place , the methods for getting there may be different than some, but as long as we get there I really don't care what anyone else thinks

 

Fair enough. Then don't be surprised if you get the noise wrong. And you'll get it wrong sooner or later.
Also knowing the economy gives you a lot of flexibility with other investment instruments - not only real estate. Real estate as an investment is not giving like it used to.

 

Real estate gives plenty, thanks.

 

Whatever you say. I have heard the same from a person I know in Perth only 3 years ago, he used to be a real estate agent. He is a lot less optimistic now and he doesn't work in real estate anymore. I wonder why?

 

I hear what your saying and I have always been a firm believer in adding value to manufacture your own wealth and not be totally dependent on market movement CG.

But here is the the underlying major, major issue for me: the pension is a total and soul destroying disaster. I rather go the property investment route and have a good fighting chance of a decent retirement than wait for the inevitable pension tragedy to befall me.