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Type: Posts; User: RonHoyFong

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  1. Replies
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    2,719

    1. Rule of 72. If the current average interest...

    1. Rule of 72. If the current average interest rates continue staying low without any large increases above 7.5%pa then property values will not double over the next 10 years by 2025.

    I predict a...
  2. National and Regional averages are skewered by...

    National and Regional averages are skewered by age in growing cities such as Auckland. Areas like Mt Roskill, Onehunga, were very average areas at the time and affordable being only 10kms from CBD...
  3. Whoops. A 1:22am typo. �� Actually purchased...

    Whoops. A 1:22am typo. ��

    Actually purchased Mulgrew Street as it was known then for $15500

    Peter Mulgrew was the guy that climbed Mt Everest with Sir Edmund Hillary then later got killed on...
  4. Parents Family home Grey Street, Onehunga...

    Parents Family home Grey Street, Onehunga
    Purchased 1942 1500 ($3000)
    1st Doubling 1952 3000 ($6000)
    1962 6000 ($12000)
    1972 $24000
    1982 $48000
    1992 $96000
    2002 $192000
    2012 $384000
    2011...
  5. Hmmm. You are falling apart aren't you. What a...

    Hmmm. You are falling apart aren't you. What a simple mind you have. Perhaps an academic but one who lack the practical experiences. Perhaps in your late 20s to mid 30s judging by your reflection of...
  6. Nice try, but it's "Orpheus1" that you need to...

    Nice try, but it's "Orpheus1" that you need to explain it to. (Your Slipping!)
    As I have already said:
    Paying down a Bad Debt in any market is a good move, but paying down a Good Debt that's...
  7. Paying down a Bad Debt in any market is a good...

    Paying down a Bad Debt in any market is a good move, but paying down a Good Debt that's already making you money is definitely an incorrect move and stupid at that. Why would you want to pay down...
  8. Your stats do not explain the rocketing Auckland...

    Your stats do not explain the rocketing Auckland house prices. Seem like they're applicable in Tokoroa.

    So I guess your not a property investor. I must say you are good at using stats for skewing...
  9. Hmmm you are starting to get personal. You...

    Hmmm you are starting to get personal.

    You have lost every argument to this point

    Did you know the biggest losers are those that are negative.

    My guess is you probably don't own any...
  10. 1969 = $ 10. $ 12 1979 = $ 20. $ 24 1989...

    1969 = $ 10. $ 12
    1979 = $ 20. $ 24
    1989 = $ 40. $ 48
    1999 = $ 80. $ 96
    2009 = $160. $192
    2019 = $320. $384

    Something not considered that affects housing demands...
    Baby...
  11. Houses and units prices don't just increase 10%...

    Houses and units prices don't just increase 10% every year. Some years they drop. You will find some inner Auckland areas have gone up 30 % over the past 12 months but the end result is properties...
  12. Rent increases follow House price increases, not...

    Rent increases follow House price increases, not the other way around. This is the nature of boom markets. As yields / rents increase the yields get better and so developers start building. As house...
  13. It is the shift of the x and y generation...

    It is the shift of the x and y generation population who are wanting settle down for the longer term housing and become home owners instead of renters. Renting those 1 & 2 bedroom units isn't the...
  14. 2016 / 2017 is only a 2 to 3 years away. Very...

    2016 / 2017 is only a 2 to 3 years away. Very unlikely to kick in in the established inner city central suburbs within 5 to 10 years. When considering the cost to buy up groups of large sections the...
  15. Ok thanks Sorry for the misread. Guess I...

    Ok thanks

    Sorry for the misread. Guess I shouldn't post 1:19am in future after a busy day ��

    Ron Hoy Fong

    Super Coach
  16. That's not bad Orpheus1s You into the October...

    That's not bad Orpheus1s
    You into the October 2012 with only $225k and now have $1.95m in equity.
    Just imagine what your outcome will be when go into next boom with $1.9$m instead

    Ron Hoy Fong...
  17. Food for thought Illegal dwellings such as...

    Food for thought

    Illegal dwellings such as seperate sleepouts with kitchen and toilet.

    Is a WOF likely to be issued on illegal dwelling no matter how good it's be done up?

    Ron Hoy Fong
    www...
  18. Replies
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    17,400

    Keiran Trass didn't lose his properties at all...

    Keiran Trass didn't lose his properties at all through any bad investing. What took him down was his relationships in both personal and business. Each breakup taking a chunk of his assets. Kieran is...
  19. Replies
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    17,400

    I contacted Kieran Trass last year and helped him...

    I contacted Kieran Trass last year and helped him clear his stock of 450 games. All mint, and new.

    Have been supplying them exclusively to my students and donating sets to Property Investor...
  20. Yep - the recession is coming (eventually) late 2017

    Nothing is clairvoyant. Just a repeat of history again as it has been since ww2.

    Properties double every 8 to 10 years.

    The peak of the last boom was in Oct 2007, therefore I would expect...
  21. Doubling Property Values

    I expect the current boom to continue in Central Auckland areas unit late 2015 (8 years after the last peak of 2007then level off a bit until 2017
    Like wise in the outer districts the boom will...
  22. Replies
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    31,421

    To the young investor who were following this...

    To the young investor who were following this thread...

    It wasn't the investing in properties that took him down!

    It was just unfortunate personal relationships with life partners and bad...
  23. Replies
    394
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    83,633

    In 2007 we had thousands of surplus accommodation...

    In 2007 we had thousands of surplus accommodation and vacant properties through over building.

    2012 only 4 years later we have a huge shortage and not a crane In sight around downtown Auckland.
    ...
  24. Replies
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    83,633

    Strong capital growth areas have a tendency to...

    Strong capital growth areas have a tendency to give much lower yields, as does high cash flow areas like Sth Auckland give higher yields but low capital growth.

    Looks like the tip of a coming...
  25. Replies
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    83,633

    Oi Oi Oi ! How more stupid can your question...

    Oi Oi Oi !

    How more stupid can your question be. :roll:

    A Boom of all Booms simply means what it says.

    Ron Hoy Fong
    RonovationZ
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