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The Investors' Thread (pg. 10)
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| pkcRAISTLIN |
| quote: | Originally posted by Aesthetic
lol the gap is never going to be bridged anyway.. who the fuck is going to pay your mortgage via rent? they might as well buy their own house. the reason that they rent is because they can't afford a mortgage in the first place
good luck bridging the gap mr trump :) |
hahaha.
Rents eventually catch up to mortgage payments, if youre smart. The reason people keep paying those rents is because house prices have continued to rise. So, in 5 years your rent now covers your mortgage. The people renting your house stay there because the house you bought 5 years ago is now say, $80,000 more expensive so it is still cheaper for them to live there than buy their own.
So, in my friend's example, he already has 20 tenants. he goes out and buys a new unit. The mortgage repayments are $250/week, but the rent he received is only $200. he then sends out letters to 5 of his 20 tenants, and raises their rent by $10. now that new unit he has bought costs him nothing. Simple :)
| quote: | Originally posted by Aesthetic
good luck bridging the gap mr trump :) |
i increased my rent by $10 at the start of the financial year, and now i receive more in rent than the interest charged on my loan. in a few more years, the rent will be more than ALL of my repayments. its that easy ;) |
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| Aesthetic |
| 250 per week mortgage repayments.. is he renting out a tin can? lol |
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| sunrise3500 |
| quote: | Originally posted by Aesthetic
250 per week mortgage repayments.. is he renting out a tin can? lol |
it's called tasmania. |
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| sunrise3500 |
| quote: | Originally posted by Fledz
Seriously thinking about dropping a grand into Macquarie stocks. They will double within a year, guaranteed and the stock market looks like it's about to start bouncing back so it's definitely the right time to buy.
I mean, where else can I find a savings account that can give me a 100% return by around the same time next year?
Decisions decisions. |
A reminder of just how amusing this thread can be! :) |
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| pkcRAISTLIN |
| quote: | Originally posted by Aesthetic
250 per week mortgage repayments.. is he renting out a tin can? lol |
Haha! My unit repayments are only $256/week. As sunrise said, its tasmania! |
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| Aesthetic |
lucky **** :(
| quote: | Originally posted by pkcRAISTLIN
Haha! My unit repayments are only $256/week. As sunrise said, its tasmania! |
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| pkcRAISTLIN |
| quote: | Originally posted by Aesthetic
lucky **** :( |
yeah, but its a trade off. you dont have to live in hobart :D
as far as superstar DJs touring tasmania, we only get the begic's, rather than the campbell's or bateman's :(
but im willing to put up with that for an easier lifestyle ;) |
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| Aesthetic |
wait, i'm better than those two guys so reverse that statement
| quote: | Originally posted by pkcRAISTLIN
yeah, but its a trade off. you dont have to live in hobart :D
as far as superstar DJs touring tasmania, we only get the begic's, rather than the campbell's or bateman's :(
but im willing to put up with that for an easier lifestyle ;) |
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| pkcRAISTLIN |
| quote: | Originally posted by Aesthetic
wait, i'm better than those two guys so reverse that statement |
Sorry, but you'll have to show me that the world is your oyster first. |
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| Aesthetic |
| lol.. 2009 marks the triumphant return of the witt otherwise known as begic to the decks |
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| Fledz |
| quote: | Originally posted by sunrise3500
A reminder of just how amusing this thread can be! :) |
Oh come on, no one could have predicted the stock market collapse and no one did.
At the end of the day though, if you did buy them you would have had plenty of time to sell them. |
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| sunrise3500 |
| quote: | Originally posted by Fledz
Oh come on, no one could have predicted the stock market collapse and no one did. |
um yeah they did
it all started a year ago that it's going down, it was like analyst vs analyst and "should we be selling?" "is the market going to go down?"
then start of the year the US had report after report "we're heading for recession" setting off some fireworks and confirming the fears
so to think it was gonna bounce back long term after that = ROFLMANGOES!
even now, the stock market is still going down based on FEARS and panic more than anything
so we've still got more down syndrome to enjoy! |
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