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The fastest growing part of the US economy is debt LOL
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there is no hope for you but you are funny at least. |
^^^ Truth :1orglaugh
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We each have $100k a piece. Tommy buys 1 house with cash. Tommy's earning 10k a year in rental income OneHungLo buys 10 houses and puts down $10k on each house. OneHungLo takes out a $900k mortgage for 30 years. OneHungLo is breaking even early on, but as the mortgage gets paid down, OneHungLo is earning rental income. At the end of 30 years - Tommy's 1 house is now worth $200k making him $20k a year in rental income. Onehunglo's 10 houses are now paid off (thanks to his tenants) and are now worth $200k a piece ($2 million in total) with $200k a year in rental income. Who would you rather be? ^^ This is just rudimentary real estate investing. You don't have to be an "economic guru" like you claim to be able to grasp this. |
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1. i buy my house and pay it cash 2. the rest of my money i give to my bank what is lending it to you and pay me interest 3. i wait a bit til the next crisis comes or your renters canīt pay their rent anymore and you can not pay your mortage. 4. i take a little part of the money from my bank back and buy all your shit for an apple and an egg. |
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See the way I outlined it, time & debt are on my side. Renters have always and will always rent, whether the market is up or down. When you have time on your side it doesn't matter. Thanks again for showing your ignorance you insufferable bastard. |
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Gotta love our resident expert thommy's logic. Pay in cash (dumb), put money in bank to gain interest (idiot), wait for unseen market forces to appear (which they may not) forcing you to sell and THEN he will have the last laugh. OMG too funny. In terms of percentages I wonder which scenario is more likely to happen, yours or his? :1orglaugh |
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Tommy's scenario never happens because like I explained - rental properties are based off income and not necessarily property value. Barring nuclear devastation, renters aren't going anywhere and when was the last time your landlord lowered your rent? But yeah, real estate is the way to go. The best part about that scenario is on that 2 million in equity, a big fat zero has been paid in taxes. You literally can perpetually forgo the taxes, even if you sell it you can move all the income into a bigger piece of property through a 1031 exchange and literally never pay taxes. Why do you think Trump doesn't want to show his tax returns? He hasn't paid a dime on BILLIONS of real estate he owns. Fucking BILLIONS evaded..and the beautiful part is...it's all legal! lol |
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what happens if your economy tanks and renters cant pay the say 2000$ rent?...you can not dismiss the very real possibility that the debt will come due...guess what the banks will do with your shit? the real estate racket/balloon, the medical insurance racket/scam and the taxes on the middle class and poor are only going UP....I hope your renters pay off them properties soon... |
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If the economy crashes you can rest your beating heart my properties will still be rented. Like I said, barring a nuclear holocaust is the only way I lose. |
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negative gearing is basically banks printing money out of thin air, lending it to people who already have money so that they can rent properties to people who do not have money and will have less and less money in the future who are getting fucked on all sides...modern slavery LOL what happens when your renter can not pay the 2000$/month? but you owe the bank 2000$/month to break even? |
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because in another scenario one gets mortgaged maxed and then finds interest rates got up 10x what they are now. Property prices cash because less can afford a new loan and those that are going broke dump theirs for what they can get. And all of a sudden your left with a dead asset, that's worth less than you paid for it, and costing your more than your making. Right now, well the past 5 years.. is good times, if your not paying down your debt, be prepared for some serious life adjustments. - Nice recap here on the events of the past week. Stoking a fire with gasoline: why the US share market shuddered Stoking a fire with gasoline: why the US share market shuddered |
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1) I got all the time in the world. I'm not a flipper or speculator. I'm a longterm investor. Mortgage rates are cyclical and rise and fall throughout history. I can withstand a 20-30% haircut on my rents and still make my debt service. 2) Mortgage rates go up = less people buying houses and more demand for rentals = $ I've been buying all throughout the 2000s and I can specifically recall my father laughing at me in 2008 when the bottom fell out because I had bought right before the crash. I survived that crash because I put enough down and my rents were never lowered during that crash. Now the mortgage is half paid off and the property is worth 25% MORE than it was in 2007. Will mortgage rates rise? Yes 100%. Will we go into a recession at some point? Yes 100%. Will I ride out out? Yes 100%. So are you in Tommy's camp where you pay for your house with cash and give the rest of the money to your bank to collect a pittance of interest and wait for some catastrophic unforeseen event? As an investor with any semblance of investing knowledge you have to recognize that as probably the worst choice you could possibly make. Or are you just going to agree with him because you guys share a love of hating Trump? |
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I'd say 1/2 the investment apartments sold here.. don't even bother to get tenants. If you have CASH.. plonk it in Sydney property, or as in Tommy's case German. (only guessing that no idea of German market ) |
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And what do you mean by " 1/2 the investment apartments sold here.. don't even bother to get tenants"..I'm confused. Why would you buy an investment property and not fill it with tenants? |
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For a lot of investors it's just not worth it, better to run it empty and flip for another one. Here's my suburb for ya https://www.realestate.com.au/invest...eray,+nsw+2062 |
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And wow 10-20% growth a year on real estate? I don't follow the re market in Australia but that sounds like you're in little bubble yourself. |
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And you want to know why that is? Immigrants. ;) |
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I guess there are quite a few people that disagree with you online about the Sydney housing market and whether it's in a bubble or not :2 cents: |
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As far as the Sydney market goes, those saying its in a bubble.. don't live here, and they have been saying it for the past 20 years. Everyone who comes to Sydney wants a nice place, by the beach in a good suburb, its the Aussie dream! Currently you will need more than 5mill in your pocket to live that. So people " Immigrants ", newlyweds etc get in to the housing market in the outer suburbs.. 50 miles from the beach. And then they spend their whole lives trying to get to the beach. So the local property market is self generating with a natural progression towards the city and the beach. There's nothing on the forecast to say less people are moving here, in fact its speeding up! Population projections - Department of Planning and Environment |
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No way do you invest in real estate or you would know right off the bat no one is going to give a loan on investment property with less than 20% down because investment property will not qualify for PMI. You're full of shit. |
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where would you be if you bought, letīs say 2000 objects in detroit ? did you not learn from your real estate crisis ? i mean it is up to you when you can sleep with debts - i can not. and I own quite a lot of real estate. when i was young i did in ONCE and got a loan on a house what i lost later in exactly such unforeseen circumstances. since than i never asked a bank anymore for anything and i will never do it. there are so much better ways to let money work without a gun from a banker on my head. but as i say - it is your choice and you should do with your money and your life what you want. it is just not my way what can be because i am a few years older than you and i have already all what i ever wanted in my life. |
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1 Fitty Thanks for nuthin :helpme
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get your own debt slaves in the USA for just 25% downpayment! with their college debt and their healthcare racket and trumps new trickle up tax laws you can rest assured that they will give you ALL their disposable income just to keep a roof over their heads and to stay alive :thumbsup
freedoms! :1orglaugh:1orglaugh:1orglaugh capitalism is really really good if you a not poor! :1orglaugh |
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Trump supporters and extreme right 'share widest range of junk news' | University of Oxford
Professor Phil Howard, director of the Computational Propaganda Project, said: 'There is an upside to all of this. It appears that only one part of the political spectrum – the far right – is really the target for extremist, sensational and conspiratorial content. Over social media, moderates and centrists tend not to be as susceptible. |
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i am sure that the far right is heating the extremists up but in case of a terror attack ALL have to pay for that because the real terrorists already hate us all - for them there is no difference. and THIS is a CORRECT fact in this i even agree with grandfather paul. and here is the real problematic point: the strategy of this REAL terrorists is exactly to throw oil in the fire. they WANT that we hate them ALL and the easiest targets for that are those right wing supremacists with a 5-inch world view. they are taking care that at the end ALL muslims will become terrorists because most of them are not that educated to make a difference between real and fake. they have to believe what they can see. and they just have to open a few facebook sites to realize that they are hated. this is what this clueless monkeys do not understand that they are the helpers of terror and not the defenders. |
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Leftists consider themselves as the moderates and centrists but they are not. They are the extremists that they've been "warning" everyone about. They are the ones that want to completely deconstruct western civilization and turn it into some mutant society that will inevitably destroy itself and many of it's people. |
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