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What Is Property Investment?

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  • #76
    Just diving in to see if the sticky discussed earlier was created?
    Hi Terry, yes it has been done now and is at the top as a sticky.

    Would be good for a lot more people to pit theirs up including the moderators.
    I think the more that do it, it will allow others to be more comfortable with it as well.

    Regards
    Graeme Fowler
    Facebook Property Chat Group NZ
    https://www.facebook.com/groups/340682962758216/

    Comment


    • #77
      Originally posted by orion View Post
      Hi McDuck, might be best just to cut and paste what you want me to read or ask, as this showed up nothing doing the search you mentioned as shown above.

      Regards
      Graeme Fowler
      Oh, sorry, yes the Badger link is the one.

      Thanks Badger.

      Graeme, do you really want to know or are you just using the socratic method to make a point?

      I'm not sure you aren't just trying to wind me up.

      Comment


      • #78
        Graeme, do you really want to know or are you just using the socratic method to make a point?
        I'm not sure you aren't just trying to wind me up.
        Hi McDuck, not sure what socratic means. No, I want to understand what you are wanting me to understand or answer, as I really have no idea what you are talking about, apart from something about property ownership.

        Regards
        Graeme Fowler
        Facebook Property Chat Group NZ
        https://www.facebook.com/groups/340682962758216/

        Comment


        • #79
          Originally posted by orion View Post
          Hi McDuck, not sure what socratic means. No, I want to understand what you are wanting me to understand or answer, as I really have no idea what you are talking about, apart from something about property ownership.

          Regards
          Graeme Fowler
          Socratic....

          Socratic: Of like following etc
          Socrates Gk philospher 339bc
          Socratic ELENCHUS irony pose of ignorance assumed in order to confute others by enticing them into display of supposed knowledge
          ic method dialectic, procedure by questions and answers .......

          Comment


          • #80
            Socratic: Of like following etc
            Socrates Gk philospher 339bc
            Socratic ELENCHUS irony pose of ignorance assumed in order to confute others by enticing them into display of supposed knowledge
            ic method dialectic, procedure by questions and answers .......
            Thanks Badger, the answer to that is no then.


            Regards
            Graeme Fowler
            Facebook Property Chat Group NZ
            https://www.facebook.com/groups/340682962758216/

            Comment


            • #81
              Originally posted by orion View Post


              McDuck, 100% of the profit? You might have to explain a bit more. You mean cash flow after it's paid off, or lend you the money while you are taking all the risk, and they still own the building?? Are you talking rental properties, or all properties? Does it work the same if a finance company lends you money for a car? Do you think the finance company should own the car when you have paid all the money back plus interest?


              Other rights??

              Regards
              Graeme Fowler
              Hi Graeme, This reply of yours goes outward like an explosion of ideas.
              so I will try and reel it all back in.

              but we need to get some common ground first.

              Did you know the three (sometimes four) rights of property?

              here they are.
              Traditional principles of property rights includes:

              control of the use of the property
              the right to any benefit from the property (examples: mining rights and rent)
              a right to transfer or sell the property
              a right to exclude others from the property.


              http://en.wikipedia.org/wiki/Property_rights
              Last edited by McDuck; 14-03-2009, 12:29 PM.

              Comment


              • #82
                Hi McDuck,

                I really still have absolutely no idea whatsoever what you are asking or trying to say.
                Maybe someone else can translate it into English for me. Why can't you just say or ask me something, instead of all these little sentences which mean nothing. Are you just having me on or what?
                This is the last one I reply to unless you can just tell me in English (or someone else can) what you are asking or trying to say. What is all this stuff about Property Rights have to do with the thread??

                Regards
                Graeme Fowler
                Facebook Property Chat Group NZ
                https://www.facebook.com/groups/340682962758216/

                Comment


                • #83
                  Originally posted by orion View Post
                  Hi McDuck,

                  I really still have absolutely no idea whatsoever what you are asking or trying to say.
                  Maybe someone else can translate it into English for me. Why can't you just say or ask me something, instead of all these little sentences which mean nothing. Are you just having me on or what?
                  This is the last one I reply to unless you can just tell me in English (or someone else can) what you are asking or trying to say. What is all this stuff about Property Rights have to do with the thread??

                  Regards
                  Graeme Fowler
                  Never mind....what you are asking is similar to asking what fermentation has to do with wine making, everything, but you can make wine without knowing how it works.

                  so forget it.

                  as you were.

                  Comment


                  • #84
                    Never mind....what you are asking is similar to asking what fermentation has to do with wine making, everything, but you can make wine without knowing how it works.
                    Hi McDuck, got it, I understand now. Yes, it's like not needing to know how electricity works, but I can still use the toaster, or asking the pilot how the plane flys before getting on board. As long as it all works, I don't really need to know why or how.

                    Regards
                    Graeme Fowler
                    Facebook Property Chat Group NZ
                    https://www.facebook.com/groups/340682962758216/

                    Comment


                    • #85
                      Better try and get this thread back on track,
                      What is property investing to me.

                      Property investing, to me, started out as a strange idea told to me, by a get rich quick friend, way back when I was still at school.

                      Now anytime anyone tells me I can have something for nothing, in this case a house without having to pay for it, I become suspicious immediately.

                      Because I know that Newton’s laws of conservation of energy apply to every single thing in the real world.

                      And usually when someone comes up with a “perpetual motion machine”, a mechanical device to get free energy for nothing, it proves to be a fake.
                      And after a bit of looking you can find the quirk that makes the trick appear to work.

                      Now this idea of a free house struck me as a financial form of perpetual motion machine, and because of the complexities of the financial and legal systems, it took me many years to figure out the trick that made it appear to work.

                      But I finally did.

                      And I just tried to explain it to you.

                      but you are right, it’s way too complicated to be discussed on a forum about the simple practical ins and outs of property investing.

                      What was I thinking!

                      Apologies.

                      Duck out.
                      Last edited by McDuck; 15-03-2009, 08:11 AM.

                      Comment


                      • #86
                        For every action, there is an equal and opposite reaction. There is no such thing as a free lunch, or a free house.

                        McDuck made the mistake of wandering off into "the Law". That's quantum physics.

                        Comment


                        • #87
                          Originally posted by Green Fish View Post
                          For every action, there is an equal and opposite reaction. There is no such thing as a free lunch, or a free house.
                          The 'trick' is to get someone else to pay for lunch.
                          That way, it's 'free' to at least one diner.
                          Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

                          Comment


                          • #88
                            Originally posted by Perry View Post
                            The 'trick' is to get someone else to pay for lunch.
                            That way, it's 'free' to at least one diner.
                            Thats quantum eating...

                            Comment


                            • #89
                              Just thinking out loud for a moment or two here so the idea has not been developed yet but it occurs to me that Property Investment has changed significantly over the last 2 or 3 decades.

                              21 years ago when I bought my first property there was no such thing as Rent by Room, Sandwich Leases, Wraps, Contemporaneous settlements, Rent to Own, property finders, RM, PIP's, no money down, off the plan and a multitude of other strategies for "investing" in property (Actually all those things were around but they were not "known about") .

                              Generally you bought a property and rented it out. End of story, nice and easy great.

                              Just like the banking system though we seem to have created all sorts of "strategies" for making even more money out of property than there was before and perhaps like the banking system that suddenly had all these derivatives appear, property has all these derivative strategies, and, as with any derivative of an underlying asset risk is multiplied.

                              As risk is multiplied returns to offset this risk increase and prices head upwards until .....pop.

                              So for me property investing has always been old school. Simple and low stress.
                              I find a property that I can afford to keep, I borrow some money to buy it and I let the tenant pay it off for me.
                              Over the long term property has proved to be a good store of value and hedge against inflation, the return on investment is high due to leverage and eventually the property is paid off providing a nice little residual income stream.

                              Of course I have also entered into other forms of property investment (trading, developing, JV's, off the plan etc,) which I prefer to call speculation because that's what it's defined as when you do your financial planning papers to become a CFP

                              Comment


                              • #90
                                Thats what property has always really been about for centuries tpr2.

                                How many uber wealthy families buy and sell the castle for a quick profit?

                                Even the Hohenzollerens still have retained their ancestral lands and castles.

                                Landlord is a ancient profession...

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