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Type: Posts; User: Damap

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  1. Replies
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    Well they have fixed nothing Davo. Their...

    Well they have fixed nothing Davo. Their entitlement, (pension) structure is/has bankrupted the nation. And it is too political suicide to address it. And it gets worse every year. The latest...
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    I hope I am wrong but I think the USA's bankrupt...

    I hope I am wrong but I think the USA's bankrupt economy will collapse in even more dramatic fashion than last time as the real truth about their issues surfaces. This will affect the globe and make...
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    Hendrix I was mostly houses. It all comes down to...

    Hendrix I was mostly houses. It all comes down to knowing what you are doing. I did subdivisibles they were my most profitable but also most stressful. It has nothing to do with houses, units or...
  4. I am out of all my slum houses so can't comment....

    I am out of all my slum houses so can't comment. All I was saying was that they were the only areas I found people "transient" as Donna said. Average tenancy was under 2 years. Pakuranga, Mt...
  5. I have never found that except in really low...

    I have never found that except in really low decile areas. Most of my homes tenants stay 5 years or more. I even have one who needed to move so asked if we had another house in the area they needed....
  6. Thread: Interest Rates

    by Damap
    Replies
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    339,677

    Reminds me of this (Funny no nudity)...

    Reminds me of this (Funny no nudity)
    https://www.youtube.com/watch?v=DU-pcxY1NLE&o
  7. Replies
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    I don't know kiwi the over 1 million is last...

    I don't know kiwi the over 1 million is last years 750K range.
    Agreed Wayne, been there done that.
  8. Replies
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    But it's not a mantra, viewed medium term or long...

    But it's not a mantra, viewed medium term or long term it always does go up. Thats the whole point!
  9. Replies
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    Auckland only, safest bet. Try and be all cash I...

    Auckland only, safest bet. Try and be all cash I used to use a due diligence clause but made it very short like 3 days. The idea is to be able to get to unconditional super fast then people let you...
  10. Replies
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    You cant look at odd years when things supposedly...

    You cant look at odd years when things supposedly drop. No one is in RE gambling like a pokie player. Unless they want to go broke
  11. Replies
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    Given that property prices have increased since...

    Given that property prices have increased since 1900 more or less that isn't a prediction.
    Immigration absolutely. Gummint will have no choice. There will be no one to look after the sick and dying...
  12. Thread: Interest Rates

    by Damap
    Replies
    2,918
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    339,677

    "blubbering". I see what you did there.....

    "blubbering". I see what you did there.....
  13. Replies
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    Yes my kids will inherit the debt seize the day...

    Yes my kids will inherit the debt seize the day and all that!!
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    And remember the phrase "passive income" is about...

    And remember the phrase "passive income" is about as genuine as Santa Claus. By that I mean it's lots of hard work and until you get your debt reduced the actual cash flow and what you have on paper...
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    No we are like poms, whinging HQ to the end. At...

    No we are like poms, whinging HQ to the end. At least we can complain sitting on top of our squillions of equity based borrowings :-)
  16. Replies
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    Yes Hamish that is exactly what is happening in...

    Yes Hamish that is exactly what is happening in the USA. In spite of the fact none of their issues have been addressed, like zip, nada, they are talking themselves into a genuine recovery.
    I mean...
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    Only people who aren't good enough for Auckland...

    Only people who aren't good enough for Auckland move away. We'll be fine without them ROFL. We have a waiting list of good people........
  18. @ENP plus you avoid all the petty politics and...

    @ENP plus you avoid all the petty politics and obnoxious back room behaviour. They eat their own at the drop of a hat. (APIA and NZPIF anyway). The regional associations seem to be really, really...
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    Decent tradey in Papa-two-toes?

    I have a major renovation required on a unit in Papatoetoe. Anybody have a person/company they can recommend?
  20. Replies
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    And when the baby boomers start creating this...

    And when the baby boomers start creating this surplus of housing as they pop off the government will simply relax immigration and we will see armies of rainbow coloured people arriving. Just keep...
  21. I have never found them much use. Far better to...

    I have never found them much use. Far better to find some local active investors and do lunch regularly.
  22. Replies
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    I'm just glad I have enough property in NZ now to...

    I'm just glad I have enough property in NZ now to not care. Get out of debt and relax is my plan
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    I was just thinking the same thing Michael. Even...

    I was just thinking the same thing Michael. Even I apologise for Davo's ridiculous statement. Clearly he has unresolved attachment issues :-)
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    Oh none of us took CD seriously any way Perry :-)...

    Oh none of us took CD seriously any way Perry :-)
    Crystal ball gazing is for mediums, or in this case below average mediums :D
  25. Replies
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    Maybe you haven't done much trading then :-). I...

    Maybe you haven't done much trading then :-). I have owned many small businesses. Was bankrupted thanks to one of them a long time ago. No where near as stressful as RE on a bad day.
    Hard work and...
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