How to Profit From the Path of Progress

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Verdant green tropical forest sweeps down to golden-sand beaches washed by the rich blue Pacific. It’s some of the most outstanding coast I’ve ever seen. This stretch of northwest Costa Rica—Peninsula Papagayo—is a chic, up-market destination where the jet-set goes to stay in world-famous resorts and multi-million-dollar houses.

It wasn’t always so. Forty years ago, this was a hard-to-reach farming region. But Peninsula Papagayo was in the path of progress. Costa Rica’s government had a vision: To make this little country a major force in resort and residential tourism. It planned a new international airport in Liberia and road infrastructure to make the coast accessible. Further road improvements and more local flights saw tourist numbers rise steadily. Then something big happened…

The developers of Peninsula Papagayo clubbed together with two other residential developers in the area and put up a $3 million fund to persuade Delta to start a regular service from the U.S. to Liberia Airport in 2002. They figured that without direct flights, they wouldn’t get the number and caliber of guests to justify luxury resort hotels, luxury residences and luxury price tags. Direct flights came. The rest is history. Today, it’s more Four Seasons than back-packer and with a price tag to match. A one-twelfth share of a three-bed villa in Peninsula Papagayo will set you back $225,000. Half-acre ocean-view lots can fetch $600,000.

The lesson is clear. Anything that improves the accessibility of a piece of real estate increases its value. Infrastructure like roads, bridges, airports, air and rail routes, and anything that improves amenities in an area will have the same affect, too.

This is the path of progress. Get ahead of it and you stand to make a lot of money. To profit from the path of progress you need:

Vision: You need to be able to detach yourself from what the area currently looks like and visualize what it could be with the delivery of new infrastructure and amenities. Picture what a swampy spit of land could look like if the plan to improve it comes off.

Credible research: To profit from the path of progress, you need to make sure the funds are in place to pay for the new infrastructure and that the country or region has the capacity to deliver it.

And you need to be able to stay the trade. By that I mean you need to be willing to sit on your investment for the medium term. Infrastructure projects take time…particularly if you are looking at a less-developed country. Take a conservative time line for exit…double it…and if you’re not happy, walk away.

You’ve heard of Cancún, Mexico? Once it was a small, swampy piece of land in an isolated part of the Mexican Caribbean. Folks thought it was good for nothing. But that was before the path of progress turned Cancún into one of the world’s largest resorts. Today Cancún Airport welcomes hundreds of international flights each week. Visitors and workers need somewhere to stay and eat. That demand has sent real estate values soaring.

Cancún became maxed out. But the development plan extended down the coast to Playa del Carmen. The government built new roads in that direction. Developers planned major projects. Today a modern highway brings you right to Playa. Back before the road was in, $10,000 bought you a building plot in the unpaved village center. Today, a 1,000-square-foot oceanfront condo in Playa del Carmen can set you back $600,000.

Mexico’s Caribbean coast had the basics going for it, including the intrinsic value of being a Caribbean coastline with a huge potential market on its doorstep in the U.S.— only two hours away. The government’s tourism-development agency, FONATUR, had the capacity to make good on its promises to deliver infrastructure and accessibility. And it offered effective tax incentives to attract major international hotel groups.

Bottom line: These guys had not just vision, but also the ability to actually make that vision a reality. In other words, their promises were credible for investors.

Today, we see development moving even farther down the coast to Tulúm. The best beaches in Mexico are here and the “machine” of Mexico’s tourism development has targeted this little town as its next success story. Tulúm is slated to get a new international airport and development here will be even more upmarket than in Cancún or Playa.

There is a good chance that history will repeat itself here. One way to get ahead of this path of progress is to consider the five-star Gran Bahia Príncipe Resort close to Tulúm. Condos start at $154,000 today.

Regards,

Ronan McMahon
For Daily Reckoning Australia

Editor’s Notes:
Ronan McMahon of Pathfinder, International Living’s preferred real estate advertising partner, reveals his top international real estate plays in the Real Estate Trend Alert—opportunities most people will never hear about. Instinct, experience and an unrivaled black book of contacts gives Ronan direct access and the inside track to profit-making opportunities overseas.

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Comments

  1. Condos at $154k? If the global depression that is talked about in this forum eventuates this year you could probably buy them for $50k in 1-2 years.

    I think I’ll just have a Corona and a tortilla to satisfy my dreams of being in the exotic.

    Richo (the Second)
    February 9, 2011
    Reply
  2. bottle o’ red and peproni pizza for me while i digest my ‘missed’fortune on the ‘chance of a lifetime’ to invest or live in the latest sand_swept beachfont gated community ‘villas’ with 24/7 armed guards to keep the northeast brazilians locals out_of_sight and out_of_pocket togeter with another ‘missed’ fortune by the same developers in the eucuadorian mountains for same priced ‘villas’ again a ‘gated community’ with, yes, same 24/7 armed guards for protection.

    British couple attacked with machete for being arrogantly wealthy in a poor country: http://www.dailymail.co.uk/news/worldnews/article-1211317/Couple-tell-horror-attacked-machete-Caribbean-home.html

    In coastal northeast be prepared to be sandblasted for 9 months of the year and take care whilst dodging the random bullets of the police and local drug mafia in eucuador.

    Reply
  3. “Kevin was involved in illegally preparing false certificates of qualification for the Chinese community and assisted in a fraudulent internet betting operation. Mr Smith said the illegal operations being a motive for the killings was a ‘realistic possibility’ but not the only explanation”

    very different situation than the following, you should read again:

    Read this again; http://www.dailymail.co.uk/news/worldnews/article-1211317/Couple-tell-horror-attacked-machete-Caribbean-home.html

    The locals of many nations, communities, have had enough of being ‘ripped’ by pbritish ‘pigs’ (their description not mine)buying up their lands for nothing, then developing it, which then inflates the price of everything including a decaf_skim_latte (or is it still tea the pbritish sip these days). The locals will eventually and naturally reply in-kind.

    The spaniards have had it too with the pbritish; http://www.telegraph.co.uk/news/worldnews/europe/spain/5525466/Family-traumatised-as-British-man-thrown-off-balcony-fights-for-his-life-in-coma.html

    Pigs will always be just that, pigs.

    Rumblings in eucuador and the sandblasted northeast coast of brazil.

    MO.

    Reply
  4. “Kevin was involved in illegally preparing false certificates of qualification for the Chinese community and assisted in a fraudulent internet betting operation. Mr Smith said the illegal operations being a motive for the killings was a ‘realistic possibility’ but not the only explanation”

    very different situation than the following, you should read again:

    Read this again; http://www.dailymail.co.uk/news/worldnews/article-1211317/Couple-tell-horror-attacked-machete-Caribbean-home.html

    The locals of many nations, communities, have had enough of being ‘ripped’ by pbritish ‘pigs’ (their description not mine)buying up their lands for nothing, then developing it, which then inflates the price of everything including a decaf_skim_latte (or is it still tea the pbritish sip these days). The locals will eventually and naturally reply in-kind.

    Reply
  5. The spaniards have had it too with the pbritish; http://www.telegraph.co.uk/news/worldnews/europe/spain/5525466/Family-traumatised-as-British-man-thrown-off-balcony-fights-for-his-life-in-coma.html

    Pigs will always be just that, pigs.

    Rumblings in eucuador and the sandblasted northeast coast of brazil.

    Reply
  6. Middle-Eastern family moves to the safety of Folkestone, Kent:

    http://nigershowbiz.com/?p=3540

    A rumble in Kent!

    Reply
  7. Could be wrong, but I’ve got a niggling suspicion we just could have a ‘LaRouchian’ amongst us??? :

    http://en.wikipedia.org/wiki/Lyndon_LaRouche

    Reply
  8. Used to have trouble with them, until we discovered Mortein’s ‘Lure’n’Kill’ baits, with Special Honey, Malt and Soya Attractant. Sounds tasty!~

    LaRouche a ‘nasty duckling’? Prefer my ducklings tasty… . ;)

    Reply
  9. Must admit I’m very iffy about every mob that reckons they have the answers providing everyone else can be made to do as they bloody well tell them.

    Reply
  10. NV seems like one sick puppy, with an anglophobic chip on his shoulder.

    What sort of sick mind will twist an anti-white hate crime around and blame the victims, while just inventing motives like being “arrogantly wealthy”?

    It sounds like he has some major inadequacy issues.

    Reply
  11. We had hoped to include eastern Mexico on our next itinerary, Ned.
    Riding Alaska may mean it doesn’t happen this trip.

    Certainly considered western Mexico for a holiday home, but the tax incentives just weren’t there at all. As the missus notes, a three-bedroom beach villa with sea views is cheap enough to rent… .

    ‘Arrogantly’ wealthy? Half expected my mate to suggest I ingest roach poison and die very slowly, my antennae waving feebly as I pass hemolymph and clutch my broken thorax, spoon-fed blendered duckling a l’orange… !~ ;)

    Reply
  12. Mexico – A work mate was very taken with that bit of the world Biker.

    It never held any attractions for me though. I can buy tacos and beans at my local Coles. Tequila at my local BWS. Scoot up to the Sunshine Coast if I want to see a beach. Or to the Daintree if for some strange reason I ever fancy getting lost in an equatorial jungle. And watch a documentary if I want to know the details on where and how and why the Aztec priests removed human hearts.

    Guess I’m just not a travel enthusiast at heart hey? :)

    Reply
  13. Well, a trip down to Tijuana back in the mid-eighties left me feeling the same, Ned. Good for our kids to see real poverty first-hand, but a complete downer. Simply not worth the effort… .

    The coastal stretch Sayulita down well south of Peurto Vallarta is a totally different story: http://www.sayulitalife.com/motels.htm You can actually see one of several hotels we stayed in… . “Aii, Senor Pedrrro…!”

    I figure there’s a big world out there. None of us lives forever… .
    God forbid we should leave it all to los chicos… . ;)

    Reply
  14. “poverty first hand” – Yeah, I nearly mentioned that if I wanted to see what Mexico City looked like I’d just visit my local tip. But it’s pretty well organised these days!

    “I figure there’s a big world out there. None of us lives forever”

    True enough Biker. I knocked back an invite to visit India once. A mate’s family owns a hotel in one of the resort areas. But if memory serves me right I was working through a divorce at the time???

    And Iran. I was keen enough. But figured it just mightn’t have been the safest of places to be in 2007.

    Curiously enough they are two of the few countries I just wouldn’t mind visiting. And China if the opportunity arose.

    Not much interest in traveling to see the ‘sights’ so to speak. But I do see value in the opportunity to actually live with and ‘sort of’ like locals and swap some thoughts and opinions with them. Especially if they are likely to have some different perspectives to ‘us’.

    Reply
  15. You boys bend over & blow smoke every night?

    Oh please!!! … the sooner you two get a room & get this out in the open the better!!

    Not Fooled By property Spruikers Hype
    February 11, 2011
    Reply
  16. You’re back??? – Now let’s see … Oh yes, you’re the one who went off to figure out your thoughts/opinion on your investment mix/strategy and retirement plan aren’t you?

    Well, pray tell … What are they? :D :D :D

    Reply
  17. Well, currently the N Fool Punter appears to be bad-mouthing Perth suburbs, one-by-one. His usual stuff, of course: prostitution, burglaries, unemployment, youth centres, drugs, drunks, etc.
    Standard pattern, spread fear and anxiety.

    His ‘plan’? As far as we* can see, it’s fairly modest: Crash the Perth property market, then attempt to use his seriously-depleted funds to get back into a house. Talk of rental increases always upsets him, but he appears to have dropped his habit of launching multiple consecutive
    rants these days.

    The whimpering (“Go away… stop pickin’ on me!”) appears to have ceased,
    anyway, leaving the more general whining he’s noted for… . ;)
    * Other contributors appear to have woken up to N Fool’s
    ambitious ‘financial plan’… . Most just ignore him. ;)

    Reply
  18. Most just ignore him?… Except you Coward Pete …. My little Puppet jumps when I pull the strings ?

    Not Fooled By Property Spruikers Hype
    February 11, 2011
    Reply
  19. HaHa… . I see _you’ve_ ignored:

    * Ned’s request for a link demonstrating I’m a Builder or Developer;

    * Ned’s request for an outline of your _own_ financial plan;

    * My request for proof that I’ve “…had a house repossessed”
    as you’ve stated twice;

    * My question related to that house you ‘live in’ which appreciated
    $500K between 2002 – 2010. Do you rent or own it? 26th time I’ve
    asked you… and you’ve ducked for cover 25 times so far.

    Based on just those four reasonable requests, it’s clear you’re not just
    a coward, but a conman. It’s amusing to read on PerthNow that your continuing attempts to declare self-deification have resulted in self-defecation.

    You need to clean up your act, Punter Fool of ‘Mindarie’. ;)

    Reply
  20. Oh Coward Pete … Is Biting His Own Neck Yet Again …..

    MR Big Time Investor thinking money he has in a offset account earns him 7% after tax .. Not astute enough to understand that all he has done is is retire Debt & his money is now actual locked up in the property returning around 3% after tax if he is lucky.

    This lack of understanding says you are a retail property investor with ZERO understanding of how it works ….

    You & Ned pick a room yet?

    Not Fooled By property Spruikers Hype
    February 12, 2011
    Reply
  21. “…actual locked up in the property…”? IF you _had_ any cash and you put it in a (taxed) term deposit, your money would be locked up for the term, Liar N Fool. We can use our cash in offsets 24/7. You’ve very little idea _what_ percentage we make on any property and your knowledge of tax claims has been proven to be minimal.

    Happy for you to broadcast the ‘losses’ we investors make far and wide.
    The perception that property investors make very little _helps_ us in three ways: 1.) It supports continuation of our generous tax benefits;
    2.) It limits new investment in residential construction;
    3.) It justifies us raising rents at the end of tenancies.
    Yes, we’re happy with you publicising the poverty of landlords… . :D

    Still ducking the four questions, I see.

    Have you grown a pair yet? ;)

    Reply
  22. “You & Ned pick a room yet?”

    We’ve both got houses Not Fooled – A room is more for the likes of you! :D

    Reply
  23. Keep going Coward Pete .. showing your lack of understanding on the topic with every keystroke …. nobody is talking about putting funds in a term deposit dipstick.

    I am saying your funds in a offset account is not earning 7% tax free

    it has reduced the principle outstanding.

    The money is now in the house , yes you can draw down on it but it is not earning interest dimwit.

    It is now invested in the property & as such you would be lucky to get a yield of 3% tax free.

    Dumb a a Box of Hammers honestly

    Not Fooled By property Spruikers Hype
    February 12, 2011
    Reply
  24. “…you can draw down on it…”(?)

    Shows how little you know, dimwit. An offset is simply a holding account.
    The money is not ‘in the house’. It’s in a holding account, getting 7.1% – 7.25%. Earning, getting, saving, accumulating… all semantics*.

    As I’ve said previously, your knowledge of rental yields is minimal.
    You always base your calculations on a. very expensive rentals; and,
    b. the very highest interest rate. You don’t factor in tax benefits.

    Your game is to promote fear and anxiety. You will say anything to achieve that aim. You’ve been caught out lying frequently. When you don’t want to be caught out, you simply dodge and duck:

    – Ned’s request for a link demonstrating I’m a Builder or Developer;

    – Ned’s request for an outline of your _own_ financial plan;

    – My request for proof that I’ve “…had a house repossessed”
    as you’ve stated twice;

    – My question related to that house you ‘live in’ which appreciated
    $500K between 2002 – 2010. Do you rent or own it? 27th time I’ve
    asked you… and you’ve dodged that little bullet 26 times so far.
    It won’t go away, son. It’s as persistent as your ‘TEE HEE HEE’.

    You can’t even get a simple simile* straight, Fool. ;)

    * Look it up. :D

    Reply
  25. Pinhead … trying to backtrack by now saying it is a holding account? … you said you had funds in 10 offset accounts earning 7%+ tax free … that statement is a lie … you dont E*A*R*N* interest in a offset account you S*A*V*E interest by reducing the principle outstanding.

    Simple back of napkin example below for established house not new {Biggest investment sector}:
    (BTW: its not meant to be Comprehensive Dipstick just typical back of napkin)

    $1 mill house with $1 million loan @ 10% interest = $100K holding costs PA, house is rented out @ 4% yield. or $40K = $60K loss + less deductions depreciation etc total loss say $80K less tax deductions against other income = after tax loss $50K + Capital gains @ 3% less tax = capital gain of 2% after tax or $20K less $50K loss = $30K PA after tax Even with forecast capital growths

    or

    $1 mil house with $1 mil loan fully offset with $1 mil cash deposited in the offset account = $0.00 interest paid, house rented @ 4% yield =$40K less deductions etc of $23K = $17k rental yield (Taxable) or $7k after depreciation etc + Capital gains @ 3% less tax = capital gain of 2% or $20K + $7K rental yield = $27K or 2.7% yield on funds after tax TOTAL including capital growth.

    Your Funds in a offset account are yielding less than 3% after tax because it is working in the property not in the offset account.

    Put any shade of lipstick you like on it it still is a PIG?

    Not Fooled By property Spruikers Hype
    February 12, 2011
    Reply
  26. Chris Mayer (RD U.S.) on housing, today: “Even a 1% annual increase over a 10-year period gives you 2.7 times your money. Anything better and your upside soars!”

    So housing nearly trebles your money in a decade?!~
    “Depends on the interest rate!” yells the missus downstairs… .

    But let’s take N Fool Punter’s own experience, cited _by him_ first _here_ on DRA. He’s an anti-property spruiker like no other, outyapping Keen, Karan, Brett, HaHa et al; telling us his OWN experience:

    * House he ‘lives in’ valued at $250K in 2002

    * House unimproved 2002 – 2010, says N Fool

    * House is now valued at $750K, triple its 2002 value.

    Now that eight-year period includes _both_ high and low interest rates.

    It includes the rise (and descent) of the Major Property Bulls.

    It includes the GFC.

    Yes, it _does_ include plus AND minus effects of government intervention:
    FHBs get up to $21K…. AND… construction _soars_ adding to housing stocks… . (Which is plus and which minus depends on your own view… .)

    But regardless of GFC, MPBs, high/low interest, FHBGs, increased construction, N Fool Punter himself tells us that property trebled in not ten years, but eight.

    Can you bank on that kind of return? Nope. Silly as buying _any_ stock and expecting it to treble in a decade. Can we predict that some investments in property may fail? Count on that, too. Quality insurance helps… .

    Reply
  27. I said: “You always base your calculations on a. very expensive rentals; and,
    b. the very highest interest rate.”

    You replied: “$1 mill house with $1 million loan @ 10% interest = $100K holding costs PA”

    Thank you for proving my point so quickly and so well. :D

    Reply
  28. Back to Topic …. are you earning 7%+ Tax free in a offset account??

    NO YOU ARE NOT!!

    Not Fooled By Property Spruikers Hype
    February 12, 2011
    Reply
  29. No need to SHOUT, N Fool Punter.
    You do that a lot when you’ve no reply worth posting.

    I’m always amused to read your ludicrous examples to demonstrate that property investors, however experienced, however ‘comfortable’, know less than you do. You’re not even a beginner in this field.
    Your own $250K – $750K story demonstrates this well.
    Ever heard of ‘logic’? (Google it.)

    We’ve asked you _four_ questions, repeatedly. You have ducked, weaved, dodged and hidden. And you’ve had the gall to call me a coward while hiding. :D

    Yes, I’ll answer your question, again:

    An offset account IS a holding account.

    We can put any amount in whenever we like.

    Providing the balance exceeds $5K, it gets 7.1% – 7.25%.
    If we paid 7.8% in interest, it would attract 7.8%.

    We can take any sum from the balance. We can take the lot out.
    No questions. No penalty. No tax issues, as with redraws.

    You’re confusing offset accounts with _redraw facilities again.
    I’ve tried to assist you to understand the major differences, several times, but you still don’t. They’re chalk and cheese. As one advisor recently put it so well: “If the offset is a Mercedes Benz,
    a redraw is a Holden Commodore.”

    I’ve answered the question. Don’t pretend you don’t understand.
    You understand, all right. The facts just don’t help your spruik.
    Now, answer the four questions Ned and I have asked you.
    Put up or shut up, Fool.
    No more duckin’n’dodgin’… .

    Reply
  30. Old Timer perhaps you should read up on the topic ?

    http://www.homeloanfinder.com.au/offset-account/redraw-vs-offset/

    You said you earn tax free 7%+ in offset … You do not!

    Not Fooled By property Spruikers Hype
    February 12, 2011
    Reply
  31. Up to our old tricks, DRA? Three attempts to respond.

    Reply
  32. Six attempts.

    OK, let’s try another tack: “Who is your corporate landlord, Dodgy?”

    Reply
  33. Seven attempts to respond to N Fool Punter of ‘Mindarie’.

    For anyone interested enough, I’ll post my blocked response on PerthNow, across a half-dozen threads, with an explanation… .

    Reply
  34. Oh Diddums … Is the whole world against you again Coward Pete?

    Dont forget not to leave the bit where you have 50 screen grabs of the Melbourne money man who gets all his post up each & every time?

    BTW I here Perth Now is working on a follow up story on property crashing in Perth this time Land??

    Not Fooled By Property Spruikers Hype
    February 13, 2011
    Reply
  35. Wonder at what points during any ‘crash’ (as in percent drops etc), the following might choose to buy in? :

    * Neg geared investors
    * Investors using cash
    * First home buyers

    PS: I’d ask Not Fooled, but he doesn’t answer my questions … ;)

    Reply
  36. And Oh, I forgot:

    * Steve Keen ? :D

    Reply
  37. Do you get rental assistance Not Fooled? – Damn! Smitten by ‘Old Timer’s’ disease yet again – Momentarily forgot that you don’t answer my questions … :)

    Reply
  38. Keep trying travs … you have to attack the messenger because you cant fault his message ???…. You just look desperate …. Have a go at my messages pick holes in them if you can … It is not about me it is about the Property Market … so funny watching you try & fail over & over …. Try Biting your Elbows you might get some traction there?

    Not Fooled By property Spruikers Hype
    February 13, 2011
    Reply
  39. Coward Pete…

    Providing the balance exceeds $5K, it gets 7.1% – 7.25%.
    If we paid 7.8% in interest, it would attract 7.8%.

    You get 0.0000% old timer … all you do is reduce the principle you pay interest on!!

    How hard is this to understand …

    You earn nothing … you are just not paying interest on the amount you offset….

    Somewhere a Village is missing their Idiot & here I am having a argument with him!!

    Get back to Biting Your Neck Old Timer …. Dance Little Puppet Dance … Tee Hee Hee
    VA:F [1.9.5_1105]

    Not Fooled By property Spruikers Hype
    February 13, 2011
    Reply
  40. Wonder if Steve Keen gets rental assistance nowadays? LOTS do. About 43% I gather. Maybe not for him just yet though? Give that particular ‘homeless’ old timer a few more years and he just could qualify???

    Funny bloke – Reckons he doesn’t know much about tax. (Glad he’s not MY financial bloody advisor!) And he was advising youngies to not bother saving and just wait for the ‘crash’ last I heard? (Which seems a bit of a strange attitude for a deflationist to take???)

    But then he’s a bit conflicted as he ALSO reckons inflation is the duck’s nuts! As it takes the wealth off the oldies and gives it to the young – More like takes it off the savers and gives it to the indebted if anyone was to ask me! But it takes ALL types as they say hey? :)

    Reply
  41. You’re talking to yourself Not Fooled – Biker reckons he can’t get his posts through. And seems to have buzzed off? And I reckon asking you to come up with any answers to my questions is like asking a lump of ‘brain’ coral to discuss the meaning of life.

    Reply
  42. I’ve got an EASY one for you Not Fooled … How many years old are you? (An answer in human years would be convenient. But if that complicates things for you TOO greatly, a number and a species will suffice??? … :D )

    Reply
  43. Same over on PerthNow, Ned. If he can’t answer a question, he simply pretends he never saw it. Not even an acknowledgement.

    Meanwhile, the system blocks my legitimate response to HIS question.
    Tenth try failed. Have checked it. Nothing sus at all.
    Perhaps programmed to block my tag and offset and redraw. Let’s see…

    You’ll recall this isn’t the first time… and a whole raft of posts disappeared one evening. Makes one wonder, mate.

    I’ll give it one more shot after this. Cheers!~

    Reply
  44. Nope. Blocked again.

    Perhaps this again precedes a period of total censorship, where I’m ‘offline’ for having baffled Poster Boy!~ ;)

    Reply
  45. The issue (to me) is that he’s just a spruiker Biker. On an investor’s site.

    Now while I don’t deny that confidence does affect markets, imagine if someone turned up here and announced that his sole reason for being here was to talk down bullion prices? Or stock prices? Or the prices of bonds or whatever – Because (as best anyone can make out?) he doesn’t own any bullion or stocks or bonds and figures that if he can talk them down he can buy them cheap???

    The likes of Not Fooled (both the bull and bear incarnations of same!) are some of the sorts of reasons I MORE than happily stay away from the mainstream media sites. But you are obviously made of sterner stuff than me!!! :D

    Reply
  46. Poor Coward Pete the whole world is against him?

    Keep saving those screen shots there is bound to be some conspiracy here it couldnt be something as simply YOU!!

    Lets see I am Punter / Dullsville / Aaron / Poster Boy & everyone else who has a opinion that differs from yours?

    You do know there a Meds for this type of condition?

    I keep trying to point out for your own good & the sake of a engaging debate to attack my message & not the messenger if you want to get traction. But you are not able to fault the message so go after the messenger … How mature?

    Not Fooled By property Spruikers Hype
    February 13, 2011
    Reply
  47. Hey Coward Pete I had a thought?

    Interest rates on home loans have been 10.11% PA historically for the past 30 years. Right?

    SO if they go up to historic levels you will be ?

    a) Earning 10.11% Interest on money in your offset account
    or
    B) Saving 10.11% Interest on interest charged on your Investment loans

    Keep Denying gravity old timer … You made a simple mistake saying you earned money in a offset account instead of saved interest.

    Bite Bite Bite? … No luck Try smaller bites ? … Still nothing … Try Licking your own Neck?.. No ? .. Still a futile exercise? … Yes? .. But that wont stop you trying will it?

    Tee Hee Hee (Yet another unedited post) Has to be you Coward Pete!!!

    Not Fooled By property Spruikers Hype
    February 13, 2011
    Reply
  48. “…he’s just a spruiker…”

    May be more to it than that, Ned.

    Here’s a totally fictional scenario to consider. Imagine you’ve witnessed crashing house prices abroad and figure there’s about to be a helluva lot of investment money exiting property. You move a team to Oz, to a.) spur it on: “Australian house prices are seriously unaffordable”; b.) persuade punters to shift it all to other asset classes _you_ plug: PMs, shares, etc.

    You give one fella the west coast to saturate with pessimism, anxiety and fear. Can’t have one state where values boom. Problem is, your ‘WA fella’ is a wild card, the type who gets emotional, occasionally presents totally illogical arguments and stories which actually prove him wrong. The kind of bloke who won’t answer legit questions, the kind who attracts lawsuits.

    If someone gets close to suspecting this ploy, you block his most relevant responses frequently… and ‘ban’ him occasionally, to get him back into line. As I say, totally fictional story. These blocks and bans are simply bugs in the system… .

    Let’s see if this gets through.

    Cheers!~ :D

    Reply
  49. “…if they go up to historic levels…” (?)

    Doubt they’ll even go close to the 9.5% you’ve predicted for mid-2011, spruik!~

    Amp the fear, create anxiety, blacken the name of the suburb. You’re always asking contributors their locations, I notice. The innocent few silly enough to tell you then endure multiple attacks on their suburbs, not just from you, but your host of aliases. Haven’t missed your requests to women to email you, either. You’re a pretty sad case, Punter Dull Fool of ‘Mindarie’.

    Reply
  50. Coward Pete ….BZZZ Wrong again!!

    Bill The Dill in Leederville? (Puts his suburb in his tag,
    Mark of Booming Vic Park (Actually East Vic Park) Same thing
    Dogman disclosed Parkwood location on his own. (I did not ask!!)

    Do you realise how much I chuckle every time you call me Punter ?

    Never requested women to email me? … but then lying comes so naturally to you?

    stories which actually prove him wrong??? …. Go on attack just one? ..show me prove what I have said is wrong….

    Up the Meds old timer & get Back to Biting your Own Neck!!!

    Attract lawsuits … for what having a opinion? Really clutching at straws?

    Make up your mind am I a Melbourne Money man or part of a crack team from the USA backed by multi nationals with deep pockets .

    Better check who is short selling our big 4 banks conspiracy here ???

    Find a single reference where I plug shares ? … I might have said to people they would be better putting the money they put into property investing direct to their super instead?(No specific shares though)

    Not Fooled By property Spruikers Hype
    February 13, 2011
    Reply
  51. My recent “by” versus “buy” typo aside, I think I’d choose someone who knows the diff between having a complex and a complexion and such things Biker? ;)

    There certainly is at least one loosely co-ordinated attempt I know of being made by members of the blogosphere to present the bear view in the comments section of Oz media articles on property though. Which could be seen as an attempt to talk down property prices? Most particularly as those bears pretty much personally DO all want to buy – Just not at current prices.

    But they also want to buy as home owners rather than investors. Wherein lies the rub. Leastways to my way of thinking when I consider my own question:

    “Wonder at what points during any ‘crash’ (as in percent drops etc), the following might choose to buy in? :

    * Neg geared investors
    * Investors using cash
    * First home buyers ”

    and ”

    * Steve Keen ”

    And I also think one thing that has been at least partially lost on the bear spruikers generally, is that the Oz property market isn’t full of ‘hot’ money that will respond in similar ways to that in other asset classes.

    Reply
  52. “…stories which actually prove him wrong…”

    Just ONE?!~

    OK, tell us _all_ the facts about the house you “live in.”

    This is your story, remember?

    * House you ‘live in’ valued at $250K in 2002

    * House unimproved 2002 – 2010, you said

    * House is now valued at $750K, triple its 2002 value.

    Elsewhere you’ve scoffed at the claim that Aussie homes double in seven years. Your experience shows that the home you live in trebled in eight.

    Now elaborate, DH. Explain yourself. :D

    Reply
  53. N Fool Punter: “…stories which actually prove him wrong…”

    Just ONE?!~

    OK, tell us _all_ the facts about the house you “live in.”

    This is your story, remember?

    * House you ‘live in’ valued at $250K in 2002

    * House unimproved 2002 – 2010, you said

    * House is now valued at $750K, triple its 2002 value.

    Elsewhere you’ve scoffed at the claim that Aussie homes double in seven years. Your experience shows that the home you live in trebled in eight.

    Now elaborate, DH. Explain yourself. :D

    Reply
  54. “Find a single reference where I plug shares ? …”

    How you h-o-w-l every time I mention the 55.4% fall in the sharemarket. ;)

    Remember that the house you “live in” just kept going up as stocks plummeted.

    Imagine if Australian property had fallen 55.4% in the same period… . :D
    What a song-and-dance you’d have made of that… ;)

    Reply
  55. Meanwhile the money in Coward Pete’s offset accounts earn him less than 0.00%

    Not Fooled By Property Spruikers Hype
    February 13, 2011
    Reply
  56. Proving us right again.

    You asked for one example.

    You ignored it when supplied.

    You changed the subject. ;)

    Pretty sure folks here are onto you, Dull N Fool Punter of ‘Mindarie’:
    You _have_ no answers… .

    Reply
  57. Wonder what Not Fooled did today to enhance his future retirement position – Wrote some more comments talking down the housing market I guess?

    Each to their own – I just continued with my housing renos.

    Reply
  58. “You _have_ no answers…” – Biker, how can you say such a a thing!?! – The man is my idol; My hero; My guru. I’m convinced he knows it all!!!

    Shame he don’t ever answer any questions … But that just makes him ever so much more enigmatic eh wot! ;)

    Reply
  59. Here’s a bit of genuine bear stuff to keep you entertained Not Fooled:

    http://accessloans.com.au/articles/68-lastest-residex-reports-feb-2011.html

    Reply
  60. And some excerpts from your family photo album I assume? :D :

    http://www.ubersite.com/m/26978

    Reply
  61. He’s seriously damaged goods, Ned. What rational being would simply ignore a multiple-choice question with just two options: Rented or Bought… and ignore that question 29 times when challenged to respond across two sites.

    This dweeb doesn’t have sufficient cerebral capacity to realise that every reader must wonder why he fails, repeatedly, to respond. I assume he’s so medicated he has totally lost touch with reality.

    There’s a long list of Perth suburbs he’s attacked. The three he mentions are the tip of the iceberg. Not an issue for us. He just alienates whole communities on a daily basis. Not the sharpest tool in the shed… . ;)

    Reply
  62. He’ll be financially damaged goods if he doesn’t get a better retirement plan in place than simply trying to talk down the housing market Biker.
    Enough for the night – It’s an early one for me.

    Reply
  63. Oh Before you Go Ned .. Bend Over I want to KISS you good night!!!!

    Reply
  64. Getting a better idea who we’re dealing with here?

    Here’s a comment he made a few back:

    “…am I a Melbourne Money man or part of a crack team from the USA backed by multi nationals with deep pockets…”

    Which little sicko has always resorted to this ‘bend over’ line, when he has nothing else?

    Reply
  65. Had a suspicion he wouldn’t be able to resist the bedtime reference mate – Poor little ‘bugger’! :)

    With not even a Thank you for the genuinely bearish link? – Just no manners at all hey!

    By and large I like the net – Though it does have the downside of letting lunatics masquerade as sane people.

    PS: Wonder which of his family photo album pics he ‘enjoyed’ most? ;)

    Reply
  66. “Had a suspicion he wouldn’t be able to resist the bedtime reference mate – Poor little ‘bugger’! :)”

    Certainly is a continual theme with him… and the ‘Tee Hee Hee’ is a giveaway.

    The point remains, he simply does not even _attempt_ to answer any direct question. Changes the subject, or responds with repeated watery diarrhea:
    “Bite your neck, Bite your elbow, etc.” Must think it’s clever… . :D

    Reply
  67. In The West Australian (6/1/2011) pages 10 & 11 showed what I have been saying for months about affordability & how over 50% of wages today goes to service a home loan. The article showed it took the following percentages of income to service a typical WA loan… 1975 = 24% 1980= 24% 1985= 24% 1990= 34% 1995= 29% Prior to 2000 it took less than a third of income to buy a house in Perth …. NOW Watch how this jumps after 2000 …2000= 34% 2005= 40% 2010= 50% ….. So in 2020 will people need to pay 55% …60% … 65% … 70% ?????? W*A*G*E*S will not allow housing to go up … PEOPLE ARE NOT ABLE TO AFFORD TO PAY ANY MORE THAN THEY DO TODAY!!! …. You have to give the Kids some Food / Clothes / Education / Sporting Activity etc etc ….. But then Spruikers would question you as to weather you should bother having a family instead have a HUGE MC MANSION & a Big Mac Bank Loan??? …. Prices are coming down or wages have to double to get back to 1990 affordable housing … If I was a betting man I know what I would be putting my money on ??…. { Psst Spruikers it will be house prices falling } Want to see more detail follow this link …. http://nfbpsh.blogspot.com/

    Not Fooled By Property Spruikers Hype
    February 14, 2011
    Reply
  68. Answer the questions, dimwit.

    Reply
  69. No answers? Try responding to this, N Fool Punter of ‘Mindarie’:

    As you know, inflation cheapens debt over time.
    It explains how property continues to outrun wages. Let me explain it simply, again. The dollars you’re repaying in ten years time are much cheaper dollars…. 60c dollars, in fact…. and you have lots more of them. And if you sell, you pay no capital gains at all. Your own figures tell the story. Wages rose 3.8%, but Perth homes rose 9.4% in the same period. No wonder 70% of Aussies own their own homes.

    (Still not convinced? Keep paying rent instead. By your own admission, you’re eight years’ rent AND $500K tax-free behind, N Fool. :)

    This has been a comment you’ve run from when I’ve raised the inflation issue. And as you run, you always bleat “Coward!” Cough up, poor fool…

    Reply
  70. Forget about a fixed rate at 7% for 2-3-5 years because a 7% interest rate today is E_Q_U_A_L to a 22.5% Rate in 1990 ……The 1990 Median house price was $100K with a 20% deposit & a loan of $80K payments @17% interest over 30 yrs would be $1140 pm or 32% of wages with average family wage of $42K pa…so in 1990 @ 17% the worst interest rates in Aust history payments only ever got to 32% of average family income…Fast Fwd to 2010 Median price is $500K less 20% deposit & a loan of $400K payments @ 7% interest over 30 years are $2661 pm or 43% of wages with average family wage of $75K…in 2008 interest rates were 9.5% this would work out to payments of $3365 or 54% of current wages …. Now historically for the last 30 years interest rates have averaged 10.11% this would works out to payments of $3545 pm or 57% of wages going to mortgage payments ….So summing up current housing mortgage payments @ 7% is still worse than when rates were at 17% but just imagine what will happen when rates rise? AFFORDABILITY will not allow future CAPITAL GROWTH… Property Speculators are now all dumping housing on to mugs today that think a 10% drop is a bargain?

    Not Fooled By Property Spruikers Hype
    February 14, 2011
    Reply
  71. Yawn …

    Reply
  72. Coward Pete … Your poster Boy Chris Joye had a debate with Steve Keen on ABC Business show follow the link & watch the body language … Who do you think dosnt believe a thing he says? … Enjoy Perma Bull Vs Perma Bear …
    http://www.youtube.com/watch?v=-uHQeYY6K98

    Reply
  73. B-B-But you said the Perth housing market would fall 15% last year, N Fool.
    Then you revised it upward to 20%… . :D

    Yes, I’ve gone back through a shipload of screenshots, mate. You’ll be delighted with some of the gems I’ve found!~ Enough to amuse DReAders and PNreaders for months to come.

    Enjoy. ;)

    Reply
  74. Y’know, on the grandkids’ old Mac… . :D

    Reply
  75. You see Coward Pete at least I say something … this time last year you would come on Perth Now make a snide comment or denigrate someone & leave saying nothing about property?

    Interesting you see me as such a threat that you have been saving all these screen grabs? why I have saved nothing you have had to say because frankly anything you say is wrong?

    I new you were my little puppet but it never occurred to me that I have been making you dance all this time without even trying!

    ha Ha Ha

    Reply
  76. Last comment NOT by Biker Pete. That should be fairly bleeding obvious! ;)
    N Fool is obviously in trauma… . M-a-t-e, I’d advise you to keep a change of underwear handy. You’re going to need it for the next month or two. :D

    Reply
  77. Gee, now I understand what dad meant when he said my pregnant 13 year old big sister was an effed unit!

    Little Johnny
    February 15, 2011
    Reply
  78. Thanks for the Joye vs. Keen clip, BTW N Fool.

    You said: “…watch the body language …”

    http://www.youtube.com/watch?v=-uHQeYY6K98

    Yes, _do_ watch the body language. 3:14 Keen hunched, arms tightly folded; 3:38 Hand near mouth; 3:47: scratching eyebrow. There’s a delightful ‘head down’ (resignation) sequence, too. All defensive, with the hand-to-mouth gesture indicating unsureness, some experts say covering extreme uncertainty, even deception.

    Best of all, Keen states that property rose 20% last year.
    Your prediction for 2010, made mid-2010, N Fool? MINUS 20%.
    According to Keen, you’re 40% off! Your prediction of a 40% fall for 2009 was just as silly. ;)

    Reply
  79. Sydney clearance rates 45% this week & 48% last week …. OUCH !!

    http://watoday.domain.com.au/real-estate-news/sydney-the-most-expensive–but-for-how-long-20110211-1apjo.html?posted=successful#makeComment

    Perth home loans down 30% / Listings back up over 16,000 / days on Market over 71

    But of course all the buyers are knocking on your door?

    Funny man who thinks his money earning interest in a offset account ….BZZZZ … Wrong!

    Not Fooled By Property Spruikers Hype
    February 15, 2011
    Reply
  80. So at that rate of decline Sydney will have a negative clearance rate in 16 weeks Not Fooled?

    Double Yawn followed by ZZZZZZ …

    Reply
  81. Well, at least he’s now posting in his _own_ name again, Ned. Two of the foregoing aren’t my comments. As I say, it’s so obvious they’re not mine…

    He’s switched to Sydney, too. Much safer ground, given the delightful stuff
    I’m ready to deploy over the next five or six weeks!!~ :D

    Reply
  82. Five or Six weeks of dribble ….. Giving me a free run at just talking about the topic & getting what I want to get across ….

    Yes please my little puppet … I will just pull this string …. & snap tries to Bike His Neck … works every time

    Not Fooled By Property Spruikers Hype
    February 15, 2011
    Reply
  83. “Five or Six weeks of dribble ….. Giving me a free run at just talking about the topic & getting what I want to get across ….”

    Yep, you’ve got your points across:

    * You talk dribble
    * You don’t have a financial plan
    * You hope house prices will go down

    Ah, what a lovely day in Brissie – Just ideal weather for doing some more internal renos. :)

    Reply
  84. And anyway Not Fooled, even if there is a correction (which I as a bear am thinking is reasonably likely), why would anyone sell if they don’t have to – Unless it part of their financial plan? Unless maybe they’ve been spooked by some sort of spruiker like you???

    I surely won’t. Heck, even the Yank ‘smart money’ is bullish on THEIR housing again!

    So I’m pretty sure, that as I do have a financial plan, come any buying opportunity, I’ll be buying, while you are still hanging out for further drops. :)

    Reply
  85. Not a bad title, N Fool Punter of Mindarie: “The Fool’s 2010 Dribble”

    I’d have termed it ‘drivel’ but the stuff you coughed up last year qualifies
    as phlegm. :D

    You sound a little distracted… all over the place, in fact:
    “…snap tries to Bike His Neck … works every time…”
    Take the correct dose of your ‘Prozak du Jour’… . ;)

    Reply
  86. Ned….. why would anyone sell if they don’t have to ?

    Well the price of your house or my house is determined by what people paid for a similar house in a similar area.

    Let look at the house behind me. Same House Same Builder Same floor plan, they have a pool we have a pool , Landscape different but both of a similar standard. You get it same same but different.

    That house was bought in July for $703K so I have a pretty good idea that my house is going to be around $700K.

    Fast Fwd to say Jan 2012 house prices have had a Steve Keen moment & top end property in Sorrento has gone from $2million to $1.5 mil only a 25% fall. I am keen (no pun intended) to buy but the price of my house has also gone down 25% in this market & I would need to sell it for $175K less than what I could have got for it in July 2010.

    But I am still in front $325K with savings on the Sorrento house.

    So I sell & the house behind me is now worth? thats right $525K.

    The people behind me then need to sell (Any reason divorce / health / new employment / extra child born need a bigger house / mother in law moving in due to ill health etc etc)

    What can they do they paid $700K & stamp duty & selling fees , the house needs to get $750K to break even?

    That close to 50% more than a identical house behind them sold for last week?

    Half the sales of property is for these reasons , if they cant sell they cant buy another place , there are fewer buyers , less turnover , problem is compounded fewer buyers vendors have to drop prices to attract a buyer, etc etc etc

    In this example is say I drop my price 25% to save $325K on the Sorrento house, but I might be happy with a $200K saving on the deal, I dont want to miss out on picking up this Sorrento house at this low price & seeing my house in Woodvale is not selling @ $525K because there are no buyers I decide to drop the price to $400K (I will still be in front by $200K after all)

    So the guy behind me is in a house worth $400K that he has paid $700K for 18 months earlier?

    Yank Money Bullish ? http://boombustblog.com/reggie-middleton/2011/02/12/if-japan-lost-two-decades-from-its-bubble-popping-how-many-decades-should-the-us-expect-to-lose/

    Over to my little Perma Bull to explain how a offset account earns him 7%+ Tax Free

    Not Fooled By Property Spruikers Hype
    February 15, 2011
    Reply
  87. “…the price of your house or my house…”

    Cute. Is that the house you ‘kinda own” (your words, whatever they mean)
    Punter Fool of ‘Mindarie’?

    Lovely link, which will delight DReAders.

    But for now, let’s recall this house he ‘kinda owns’:

    * House you ‘live in’ valued at $250K in 2002

    * House unimproved 2002 – 2010, you said

    * House is now valued at $750K, triple its 2002 value.

    This is your story, remember?

    Fool Forecast 2009: 40% drop in Perth market.

    Fool Forecast 2010: 20% drop in Perth market.

    Fool Forecast 2011: ? ;)

    Reply
  88. Biting Your Neck Again while I get me message across….

    Keep it up…. fool …. I am winning …. Tee Hee Hee

    Come on have a go at the message … find fault in the message …

    I have confessed to you already that I am a hopeless loser … Lied about everything … I should have know better …. tried one on & failed

    You won that debate now find fault in the message you are boring people

    Not Fooled By Property Spruikers Hype
    February 15, 2011
    Reply
  89. Yeah, OK, dimwit.

    What did Shoes’ ‘seller’ do?
    a. drop his price?
    b. rent the house out?
    You live in Cloud-Cuckoo-Land.
    You have no idea how property owners react to different markets,
    needs or stimuli.

    Fool Forecast 2011: ? ;)
    Let’s hear it…

    Reply
  90. After You … Lets see your forecast for 2011

    2010 I went first & got nothing from you …. lets jump down from that fence shall we

    No wishy washy vague details ….

    FHB market end / Middle Market / Mid to Top End

    Oh & please also have a forecast for wages & CPI

    Not Fooled By Property Spruikers Hype
    February 15, 2011
    Reply
  91. Well, let’s see what research by Homeloans Ltd (Sunday Times 13 Feb., 2011, Property p 2) found, shall we?

    Direct quote: “When asked how many properties they expected to own in 10 years time…

    35% said 1
    38% said 2
    16% 3 – 5
    2% 6+
    3% believed property ownership was beyond them or weren’t interested in buying…”

    Unlike you, I’m not silly enough to make wild predictions about property here. You appear to do so _every_ year! Last year you said minus 20%… but you sent us a vidclip with your hero saying it was plus 20%! (Excuse my screams of laughter here, please… .)

    For WA, I think we’ll see things really pick up in the second half of 2011.
    We’ve already sold one property this year… and I think we’ll sell another, but hopefully not in this tax year. We’ll pick up 10% – 11% on each annually, after costs. Yeah, I know… small beer to a bloke who watched the house he ‘kinda owns’ jump $250K – $750K in eight years.

    Too wishy-washy, so I’ll let _you_ give us the specific details, N Fool.
    Stop playing with that little puppet of yours and give us the data!~ ;)

    Reply
  92. If your not playing neither am I .

    For WA, I think we’ll see things really pick up in the second half of 2011.????

    What will drive this ? Magic Spruiker dust? …Interest rates will fall to 3% ? Mr Busswell will bring in a $300K FGHOG? …. Mining Boom workers flood the market? ….

    Thanks for the unsubstantiated motherhood statements … Reasons & fact please

    Not Fooled By Property Spruikers Hype
    February 15, 2011
    Reply
  93. Not Fooled By Property Spruikers Hype of Perth PerthNow, 9:44 AM Today
    “Boys Boys Boys … Why is it about me?… Just get stuck into what is say … shoot me down in flames … attack my message make me look foolish about the points I put up …. have a go ….”

    Well, OK. Clean underwear ready, N Fool Punter of ‘Mindarie’?
    (Yes, I know, I know, ‘your’ winning… .)

    Reply
  94. What type of underwear would you like me to wear Big Boy?

    I am so frightened … I have stirred up a Mental Giant now I’ve done it….

    Oh Please what a Softcock!!

    Not Fooled By Property Spruikers Hype
    February 15, 2011
    Reply
  95. Just let me know when your underwear is dry, son.
    I’m patient, but I’m not _that_ patient… .

    Reply
  96. http://en.wikipedia.org/wiki/Bear-baiting

    Oh, the cruelty of it!

    Best part of the definition?:

    “Because the practice is time consuming and disrupts a person’s daily schedule, the term “bear baiting” is sometimes used in Alaska to mean “screwing around”.

    HaHa… never a truer word said… :D

    Reply
  97. “top end property in Sorrento” – “$2million”

    If I truly owned (as in mortgage free), one of them at my age (52), I’d also be doing my retirement plan Not Fooled. Based on selling the thing. With my blood personally turning a bit cold at the thought of owning such a property. But then, yes, I am very MUCH a working class boy. Who doesn’t especially enjoy working for the man. And values being retired 10 or 15 years ahead of the pack WAY more than owning a big flash roof over his head. ($320K would almost certainly buy my flood free 3 BR 1 garage dunger on 809 m2 of land with its 6m * 8m shed/workshop in the backyard? Not that I have any interest in selling.)

    Reply
  98. M-a-t-e, this isn’t a bloke who would be happy with a $300K – $400K rental.
    This is a bloke who would spend close to $3 mil in a single transaction.
    This is a big property tie-coon!~ ;)

    (Ya know where _this_ is going, don’t ya, N Fool? :D )

    Underwear dry, yet?!

    Reply
  99. Direct quote: “When asked how many properties they expected to own in 10 years time…

    35% said 1
    38% said 2
    16% 3 – 5
    2% 6+
    3% believed property ownership was beyond them or weren’t interested in buying…”

    Damned interesting figures Biker! Ta.

    Reply
  100. For nearly two years, the N Fool Punter of ‘Mindarie’ has been tugging our heartstrings on PerthNow, bleating about the iniquity of investors and property spruikers. In one emotional missive he explained his motives… he wants to pop the property market ‘so that his children (and yours) can afford a home’. Brought a tear to my eye. ;)

    But a quick look through the history indicates that the King of the Perth Bears is, in fact, full of BS. Take this little gem, Comment No. 30:

    http://www.perthnow.com.au/business/couples-working-twice-as-long-to-pay-off-house/comments-e6frg2ru-1225837935983

    “I said nothing about owning WOODVALE is said I lived on the wrong side of Marmion ave & wanted to buy in Hillarys/Sorrento when things crash. Woodvale was owned then used equity in house to get a company housing loan to buy the 4 Karratha units. So I kind of own Woodvale but used it to buy a positive income asset that goes straight to super.”

    So N Fool Punter, King of the Bears, is one of the Sixteen Percenters. Better still he’s still pushing for a crash, in order to become one of the Two Percenters, who own SIX homes or more! What a crappologist… what a BS artist… . No wonder he wriggled and squirmed when I asked him thirty times about his $250K house which appreciated another $500K in eight years!

    This is the fella who recently went on TV to expose the wickedness of investors, the grossly inflated prices in WA, and the evils of negative gearing. Effing little hypocrite. :(

    Reply
  101. Just what percentage of the population in WA are going to rush to move into multi-million dollar Sorrento mansions and drive this “I’ll save $XXX K on the deal by dropping the price of Woodvale properties by $YYY K” do you reckon Not Fooled? – To answer my own question: An awful lot less than there are properties in Woodvale and similar potential ‘feeder’ suburbs I’d suggest. So even the odd (no pun intended ;) ) person who might think like you suggest, is going to make naff all difference.

    Plus with it being pretty well known that the top end suburbs tend to take bigger percentage drops in corrections than the suburbs further down the food chain anyway I’d also suggest? – So your basic assumption of 25% drops (or whatever) across the board is very likely flawed anyway. (Whatever THAT might mean for your calcs? – As I’m not interested in trying to figure it out.)

    Hey, no skin off my back if property prices drop a bit though. So BY ALL MEANS, keep up the ‘good’ work! :D

    Reply
  102. Cummon Biker … ‘Fess up! Not Fooled IS actually YOU isn’t he? With ‘him’ just being your cunning ploy to make all us poor sad sorry busted arsed beaten down bears sound SILLY hey!?! ;)

    Reply
  103. I did not answer you mundane questions because I had already said many times that I owned property … You are the puppet on a string … not me … pull the strings & you get nothing from me .. but on the other hand when I pull the strings you Bite your Own Neck.

    Me on TV ?.. Dont think so … Why let the truth get in the way of a good story?… sent Info to Today Tonight & A Current Affair to prompt them to do property stories … Why these 2 … Bubble Gum News … People who should not be buying houses.

    BTW you two clowns forgot to look at comment #19 in your link where I also stated that I own 1 x DHA House South of Perth Lease expires 2011 July I think but dont hold me to that … Made a MOTZA … But fear I may be too late to put it on the market to get max Capital gain ….. Hindsight being 20 / 20 if only I bought it 2 years earlier I could have dumped it in 2009 …. Oh is thats what you guys mean by buy it now you will regret it later.

    I am sure you are hoping to get some kind of point across to the reader ?
    but I dont think anyone has a clue what it is?

    FYI you are Still trying to Bite your neck amusing to watch though

    Not Fooled By Property Spruikers Hype
    February 15, 2011
    Reply
  104. Hmmm … THAT comment 30 of yours on PerthNow really DOES make you look like a chap who lacks a certain degree of fundamental integrity you know hey Not Fooled? You’re not one of those “The Investor Club” chappies are you??? Or worse – A god damned soul rotted poxed politician????? :(

    Reply
  105. Firstly it is a survey from a company with a vested interest in housing & housing loans? { FYI the numbers add up to 94% only what is that about?}

    The survey is so vague it renders it meaningless it could mean anything ?

    I have out reasons as to what I believe the data means & you are unable to dispute what I say because it is equally plausible as any other inference that can be drawn from this flawed survey!!

    Direct quote: “When asked how many properties they expected to own in 10 years time…

    >>>>>> 35% said 1 <<<<<>>>>>> 38% said 2 <<<<<<>>>>>> 16% 3 – 5 <<<<<>>>>> 2% 6+ <<<<

    And what is the Number of Property they Currently Own?
    Could it be be that they already own 6+ properties? & are not interested in buying any more?

    3% believed property ownership was beyond them or weren't interested in buying…" … WHY?

    Keep clutching at straws you appear to be drowning!!!

    Not Fooled By Property Spruikers Hype
    February 16, 2011
    Reply
  106. Firstly it is a survey from a company with a vested interest in housing & housing loans? { FYI the numbers add up to 94% only what is that about?}

    The survey is so vague it renders it meaningless it could mean anything ?

    I have out reasons as to what I believe the data means & you are unable to dispute what I say because it is equally plausible as any other inference that can be drawn from this flawed survey!!

    Direct quote: “When asked how many properties they expected to own in 10 years time…

    >>>>>> 35% said 1 <<<<<<

    And what is the Number of Property they Currently Own?
    Could it be be that 97.5% already own one property? & the other 2.5% Own more than 1 property but plan to sell & just have the 1 property they live in as exposure to the property market because the believer markets will collapse?

    38% said 2
    And what is the Number of Property they Currently Own?
    Could it be be that 70% already own Two properties? & the other 30% Own more than 2 properties but plan to sell & just have the 2 properties to limit exposure to the property market because the believer markets will collapse?

    16% 3 – 5
    And what is the Number of Property they Currently Own?
    Could it be be that 70% already own 3-5 properties? & the other 30% Own more than 6 properties but plan to sell & just have the 3-5 properties to limit exposure to the property market because the believer markets will collapse?

    2% 6+
    And what is the Number of Property they Currently Own?
    Could it be be that they already own 6+ properties? & are not interested in buying any more?

    3% believed property ownership was beyond them or weren't interested in buying…" … WHY?

    Keep clutching at straws you appear to be drowning!!!

    Not Fooled By Property Spruikers Hype
    February 16, 2011
    Reply
  107. “Made a MOTZA … But fear I may be too late to put it on the market to get max Capital gain ….. Hindsight being 20 / 20 if only I bought it 2 years earlier I could have dumped it in 2009” – Oh, so you ARE a property speculator then Not Fooled. As well as a spruiker! No probs … Good luck with it … :D :D :D

    Reply
  108. Life’s such fun! But then I’m just NOT a nice person I guess? As I DON’T get heart broken walking into old bathrooms after dark – And turning on the light – Then squishing the roaches underfoot as they scurry around aimlessly!

    Well done Biker!!! Well done indeed! … :D

    PS: You won’t be buying any cheap houses off me anytime soon Not Fooled. But I TOLD you that a while back anyway hey!

    Reply
  109. Well, it looks as though he already is a Two Percenter, Ned!
    What a joke… a property speculator… a first-class conman.

    The conclusions to his emails always make me wonder if he’s abusing the medication he’s on:

    – Keep clutching at straws you appear to be drowning!!!
    – You won that debate now find fault in the message you are boring people
    – I will just pull this string …. & snap tries to Bike His Neck …

    He’s a raving fruitcake! :D CLICK.

    Reply
  110. Interesting. My response is blocked again. I’ll persist…

    Well, it looks as though he already is a Two Percenter, Ned!
    What a joke… a property speculator… a first-class conman.

    The conclusions to his emails always make me wonder if he’s abusing the medication he’s on:

    – Keep clutching at straws you appear to be drowning!!!
    – You won that debate now find fault in the message you are boring people
    – I will just pull this string …. & snap tries to Bike His Neck …

    He’s a raving fruitcake! :D CLICK.

    Reply
  111. Interesting. My response is blocked again. I’ll persist…

    Well, it looks as though he already is a Two Percenter, Ned!
    What a joke… a property speculator… a first-class conman.

    The conclusions to his emails always make me wonder if he’s abusing the medication he’s on:

    – Keep clutching at straws you appear to be drowning!!!
    – You won that debate now find fault in the message you are boring people
    – I will just pull this string …. & snap tries to Bike His Neck …

    He’s a nutter! :D CLICK.

    Reply
  112. I picked up the bit in comment 30 where he “used equity in house to get a company housing loan to buy the 4 Karratha units” too of course Biker.

    With him aspiring to a multi-million dollar mansion in ‘Sorrento’!!! And who feels all sad and hard done by because the nasty market hasn’t let him buy it cheap yet. While also saying he’s concerned for the poor little kiddies you reckon? .. He’s a germ alright! :)

    And you nailed him using stuff that’s nearly a year old. I really AM most impressed! It’s all just screamingly funny in fact … :D

    Reply
  113. Ned, I’ve hundreds and hundreds of pages of inconsistent, illogical and false statements made by this little crook. Perhaps funniest of all are those where two of his aliases post _identical_ long rants.

    We’ve been letting this AH get away with suburb assassination, sob stories, attacks on _our_ ethics, and misleading and erroneous data for far too long.

    I’ve had to create quite a number of ‘Famous Last Words’ files, covering different topics, but the b*stard won’t be able to spawn his lies without digesting his own garbage for dessert each time he tries to con West Aussies, from now on. Should have been out mulching and pruning the orchards, but the time spent bringing this little pr*ck to account was well spent. Yes, I agree. Good for a laugh…. . :D

    Reply
  114. Oh Coward Pete … Oh dear how desperate you come across as …. Must attack this muppet because if I can then everything will fall into place & property will prosper …..

    You are doing Gods work no doubt?

    Brought to task by one of the Mental Giants of our times?

    Oh please draw on Bill / Mark / Dogman their knowledge & wisdom will be your strength …. Pffft …Fool

    Not Fooled By Property Spruikers Hype
    February 16, 2011
    Reply
  115. Crawl up your own orifice, headcase.

    There’s plenty more to illustrate what a devious little floater you are.
    You’ll need more spare underwear, conman.

    Reply
  116. Ouch !!! … I am being whipped with a feather …. Like pulling teeth?

    Get on with it nitwit!!!

    But please in the meanwhile feel free to Bite on your own NECK!!!

    What a mental giant I am dealing with …. I guess it is to be expected when you dip your toe into the Shallow End of the Gene Pool

    Not Fooled By Property Spruikers Hype
    February 16, 2011
    Reply
  117. The more one thinks about it the worse it gets – It wasn’t too long back that the property speculating little spruiker was busting his buns trying to (falsely) label/badmouth you as a builder/developer – WHAT A HOOT!

    In answer to one of my previous questions:

    Age: Totally irrelevant
    Species: Germus parisitis

    While I guess there could be some decent people living in multi-million dollar mansions in ‘Sorrento'(?), I’m damn sure he’ll fit in well with all the others.

    Reply
  118. And a _highly original_ little Germus parasitis, too:

    “Bite on your own NECK!!!”

    “What a mental giant”

    “…dip your toe into the Shallow End of the Gene Pool”

    Like everything else he says, (over)used dozens and dozens of times, by many different aliases, to scores of different contributors.

    Nothing original to say… the vacuous ramblings of an unwinding troll. ;)

    Reply
  119. Ladies … Please stop making it about me …. Come on Coward Pete …. Perth is waiting for you to put me back in my box?

    Clean underwear on … In fact I had the ManKini dry cleaned for this special occasion ….. Nitwit!!

    Not Fooled By Property Spruikers Hype
    February 16, 2011
    Reply
  120. Sweating on it, are you, son?

    Reply
  121. Ah, but it IS totally about YOU Fool. Because anything YOU write has to be dismissed out of hand now – Idiot! :D

    Reply
  122. Now don’t forget his twice-repeated statement that _anything_ he repeats enough becomes F*A*C*T, Ned. What an eye-opener that little gem was, when I first read it… .

    He’s the dull thud of a worn engine in the unattended engine room of an empty rusting vessel. Makes a lot of oily noise, but he’s going nowhere… .

    Reply
  123. For those who came-in-late:

    N Fool Punter of ‘Mindarie’ now claims ‘ownership’ of six properties:

    One in Woodvale, the equity in which he used to buy four Karratha units… … and now claiming he also owns a DHA house ‘south of Perth’.
    Can quickly supply links for all six properties.

    So here we have a bloke who has, for almost two years pleaded for the homeless in caravan parks, arguing property is beyond the reach of ordinary folk (including your children), and lambasting speculators and investors as unscrupulous morons ….caught out this week cumulatively boasting of ownership of millions of dollars worth of realty.

    What lying hypocrisy.

    What flatulence… .

    Reply
  124. Hello Pinhead … Nobody caught me out …Goose … I posted this Jan 2010 more than a year ago …. I have never said I did not own property in fact quite the opposite I was up front.

    I have consistently warned that property is overpriced in todays market

    I have cautioned people about buying in this overpriced market & expecting capital growths of the past to be repeated again … just because they happened in the past.

    I have made the point that they should pay no more than 3 or 4 times income for a house to live in or 11 times rental income for investment / rental property.

    I have shown how wages will not allow property to rise like it has in the past.

    I have demonstrated that a 7% interest rate of today is equal to paying a 22.5% rate in 1990 & the risk that a minor change in interest rates will have on the housing sector.

    I am not against property investing , I do it myself , I have never hidden this fact.

    Proof is in your posting my comments saying quite plainly that I own property …. Just how stupid are you that it took over a year to raise this?

    You truly are right at home down the shallow end of the Gene Pool?

    Now I will let you get back to Biting your Own Neck!!!

    Not Fooled By Property Spruikers Hype
    February 16, 2011
    Reply
  125. N Fool: “Come on Coward Pete …. Perth is waiting for you to put me back in my box?”

    You never left your box son… . You’re nailing it shut more tightly with every post. ;)

    As I said, mate, you’re the dull thud of a worn engine in the unattended engine room of an empty rusting vessel. You get to eat this ship for breakfast, lunch and supper _every time_ you post hypocrisy and lies
    in future… .

    Reply
  126. Was That it ? Dogman said to Perth Now readers to come here & see Not Fooled get a hammering? Am I missing something? ….

    dull thud of a worn engine in the unattended engine room of an empty rusting vessel. ….. Ouch this is almost fatal!!!! (Idiot)

    You get to eat this ship for breakfast, lunch and supper _every time_ you post hypocrisy and lies
    in future… .??? ( What dose that even mean??? Moron!!)

    For those who came-in-late: N Fool Punter of ‘Mindarie’ now claims ‘ownership’ of six properties:??? >>>>> ( Well actually I said I did over a year ago no conspiracy here ?…. PINHEAD)

    You are giving Dogman a real run for his money for the title of VILLAGE IDIOT!!!

    Come on you have to do better than this SOFTCOCK!!

    Not Fooled By Property Spruikers Hype
    February 16, 2011
    Reply
  127. I advised Dogman you were hammering _yourself,_ N Fool Punter.
    It’s self-inflicted pain, son. You can stop anytime… . ;)

    Yes, empty vessels make the most sound. Think it sums you up pretty well.

    “N Fool Punter of ‘Mindarie’ now claims ‘ownership’ of six properties:??? ( Well actually I said I did over a year ago no conspiracy here ?”

    Like to see the link where you had six properties, N Fool.
    Should be easy to find if you say it was January 2010.

    The usual repetitive insults we’re used to reading from you.
    What was Ned’s comment?
    Oh, yes: *Yawn*

    Reply
  128. I own property and I’m bearish on property. The two positions are not necessarily logically inconsistent.

    But what is morally ‘inconsistent’, is to come on this site trying to badmouth someone for being a builder/developer (which they aren’t anyway) while being a property speculator oneself.

    AND

    Whilst simultaneously dreaming about converting one’s $700K property in Woodvale into a $2M property in Sorrento (or ‘Hillarys’ – Comment 30 PerthNow), to lay out a scenario by which one as a self styled ‘exspurt’ (with a web spruik on housing prices), argues this WILL occur.

    AND

    To present same in the guise of an answer to my general question “why would anyone sell if they don’t have to – Unless it is part of their financial plan? Unless maybe they’ve been spooked by some sort of spruiker like you???” (Above in this self same thread!)

    “no conspiracy here ?” !?!?!?! :

    Jingle Bells! Jingle Bells! Jingle all the way … :D

    Reply
  129. @ Ned … I am not a property speculator I am a Investor there is a difference …

    Coward Pete is a Speculator & fully proficient at playing a Bedflute!

    Not Fooled By Property Spruikers Hype
    February 16, 2011
    Reply
  130. “Made a MOTZA … But fear I may be too late to put it on the market to get max Capital gain ….. Hindsight being 20 / 20 if only I bought it 2 years earlier I could have dumped it in 2009” is a SPECULATOR speaking!

    As opposed to someone who has truly been INVESTING in housing for 30 plus years.

    Reply
  131. That was a quick smack, Ned! :D

    (It’s self-inflicted pain, N Fool. You can stop anytime… . ;) )

    Reply
  132. “That was a quick smack”

    A few old sayings are starting to come to mind:

    Like “When you are in a hole, stop digging!”

    and

    “While you might be able to wash off the ‘shite’, you can never wash off the smell.”

    Reply
  133. That was a quick smack”

    A few old sayings are starting to come to mind:

    Like “When you are in a hole, stop digging!”

    and

    “While you might be able to wash off the sh*t, you can never wash off the smell.”

    Reply
  134. “It’s self-inflicted pain, N Fool. You can stop anytime”

    Yes, wander back over to PerthNow where the real people live Fool. As opposed to us types who are extraordinarily accepting of speculators. (Though NOT of spruikers come manipulators!) And see how you fare there!?!

    Reply
  135. Love it!

    What I really find truly offensive, is the _lack of quality_ of his invectives, Ned:

    “(Idiot) (What dose* that even mean??? Moron!!) PINHEAD VILLAGE IDIOT!!! SOFTCOCK!!”

    Consider the potential for creativity here. OK, he’s RAGING with anger, but it’s no excuse. If I wanted to insult The Fool, I’d be a little more creative:

    ” N Fool, you worm from the bowels of a syphlitic wombat!”

    OR

    “N Fool, you festering canker on Satan’s a*sehole!”

    But, after unearthing hundreds of inconsistencies, illogical statements, corrupt data and plain outright lies, what ‘dose’ The N Fool Dull Punter of ‘Mindarie’ offer me?

    Just the same repetitive, ineffective insults he’s bored everyone else to death with for nearly two years. Sacre bleu!~ :D

    * What dose? At least 50mg in your case, son, injected every 15 mins… ;)

    Reply
  136. “A suppurating sore on Bes’ buttocks” has a certain antiquated charm to it just maybe Biker? ;)

    Looking forward to hearing what the PerthNow people do with him! :D

    Reply
  137. “suppurating sore ‘between’ Bes’ buttocks” I suspect? :D

    Chat tomorrow most likely – Cheers!

    Reply
  138. “Looking forward to hearing what the PerthNow people do with him! :D ”

    Interesting point, Ned. Go back a few posts and you’ll find him stating he knows what issues PerthNow will address BEFORE the rest of us do. Perhaps he’s suggesting he’s a ‘Staff Writer’. Yeah, ludicrous, I know. He hasn’t yet figured the primary school solution to soften two vowels colliding is an ‘n’. Nor has he figured out the difference between female deer and the exact amount of a medicine. He’s a dunce.

    I’m still waiting to see that link in which he boasts he has six properties.
    Like all his BS, we’re not going to see any link. There isn’t any link. ;)

    Reply
  139. Out of respect for others here, let’s drop this until he surfaces with more crap, Ned. Let’s place him in maintenance mode… . ;)

    Cheers, mate!

    Reply
  140. Honestly Coward Pete there is something wrong with you ? I have my suspicions ?… Could it be that your parents were siblings?

    No doubt when they sent you out in the big wide world they told you to be yourself? … Oh please they couldn’t have given you worse advice.

    Have you ever wonder what life would be like if you’d had enough oxygen at birth?

    You are the kind of a man that people would use as a blueprint to build an idiot.

    BTW you are wrong if you think loading the dishwasher means getting your wife drunk although I suspect you’ve been married three times and still have the same in-laws & in case you did not know it’s wrong to let your twelve-year-old daughter smoke at the dinner table in front of her kids..

    Now go away or I will taunt you some more … (Monty Python Holy Grail)

    Not Fooled By Property Spruikers Hype
    February 17, 2011
    Reply
  141. Good by me – Most of us really are just curious as to what might happen with property prices over the next 2, 5, 10, 15 and 20 or 30 years maybe?

    With stunts like his not helping to unmuddy those waters in any way at all.

    Though he’ll be back soon I’d say? – So I must start buying some bottles of booze that have corks in them to hang from my hat … ;)

    Reply
  142. SAID he’d be back! Geez, it isn’t often us bears get one right … GO AWAY CUNNI! (Which is ‘pig’ Latin for ‘cutey’ maybe? :D)

    Cheers to most; Though NOT all! ;)

    Reply
  143. The foolish could be impressed Fool? – If they didn’t realise you’d just jumped to Biker’s puppet pull and googled up a few insults:

    http://www.corsinet.com/braincandy/insult.html

    Yawn …

    PS: Original material doesn’t come across as fundamentally false in my experience? – Yep, I KNOW that’s a novel idea – For the likes of you – As I guess if you had any you’d use it.

    Double yawn …

    Reply
  144. This has degenerated into a farce Fool.

    You were scooting down the road on your skateboard dreaming of owning a Merc and went ‘smack’ into the arse end of a bus – That YOU conjured up in YOUR own route!

    Please pick up the scattered remains of your sad sorry carcass and your bits of broken board and any wheels you can find and GET OFF the road. As the rest of the traveling public wants to move right along.

    Reply
  145. He’s determined to hammer his box shut, Ned. ;)

    When he has something to say about property, I’ll respond in kind.

    Over at PerthNow, they’re split on whether he owns anything, including a box, at all. They figure it’s the usual N Fool Punter BS.

    Notice we haven’t been provided with this Jan 2010 link where he discloses his ownership of six properties. The crew at PN could be right: just a noisy vacuous troll.

    Reply
  146. Don’t worry Not Fooled. It’s evident that bi_ker peat is biting Ned S’s neck while Ned S bites bi_ker peats elbow and the pillow because it really is “diffrent ‘ere”.

    Reply
  147. NV = No Value.

    Reply
  148. You’ve got it wrong AGAIN Steven … The old girl said “We are NOT AMUSED!” :)

    Or to quote a wit: “Three groups are permitted that usage: pregnant women, royalty, and schizophrenics. Which one are you?” ;)

    Still, it is nice to see only honest comments again. Even if they aren’t always ‘nice’ in themselves – NV you naughty little man, you! :D

    Reply
  149. Mrs Biker is NOT amused, Ned. I’d promised her a Merc SLK350 if the Punter located his cojones. It was not to be. Even more disappointing was his deprivation of the QLD Flood Appeal of $125K… .

    Undecided whether his new tag will be ‘Chickenhearted Punter’ or ‘Gutless Wonder’! Either way, it has been decided that PerthNow stalwarts will remind the little dweeb of his inability to ‘man up’, to put his money where his (loud) mouth is, and the persistence of his silly lies.

    Very rewarding day, which will be celebrated weekly, over at PerthNow…! ;)

    Reply
  150. I did notice that even the offer of a $250K ‘sure bet’ didn’t cause the suppurating sore betwixt Bes’ buttocks to totally ‘dry up’ Biker. Though I reckon it certainly made it pucker up around the edges a bit! Good luck with it … :)

    Reply
  151. Property Spruikers point to our mining boom & the jobs this will create being the reason why our overpriced house prices will be sustained?….. all these dreams they have of our mining boom creating all these jobs , migrants streaming in to take up these jobs & then buying houses …. well here is a reality pill that says all the jobs in the mining sector they are pinning your hopes on are not there its just a myth!!! …. Follow the link & see the real facts ….. http://www.youtube.com/watch?v=GR-byFihA0w&feature=player_embedded <<>> http://www.youtube.com/watch?v=Z12FsHmLku4&feature=related

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  152. Travs of WA Posted at 8:41 PM February 16, 2011

    More flatulence from the Original Old PerthNow Fart!~ Like to match your mouth with money, son? Happy to have the Editor of the Sunday Times hold both our CASH bets. You’re a punter, right? My passports, property titles, bank statements and Super accounts should be sufficient proof. You say I have NO property investments and don’t travel beyond Bali. Put up the cash, Troll… or STF up… . What are you good for? How much can you borrow, I mean?!~

    Comment 52 of 65

    Not Fooled By Property Spruikers Hype of Perth Posted at 12:12 PM Today

    Only Half the winnings … Talk about TIGHT? …. I thought it was bad form bragging on DRA that your kids paid for dinner… when you are supposed to be rolling in it with 10 houses with offset accounts … But comment#53 takes the cake only half your winnings to QLD Flood Appeal … then you get the tax deduction so after tax dollars you will be giving less than 25% of your winnings to Flood Victims … I guess in your case you need every dollar to offset rising interest costs that you are unable to recoup by raising rents as rents have failed to go up with these costs … Talk about being tight!!

    Comment 55 of 65

    Oh the maturity ??? …. Then this little GRUB goes on to link himself with Qld Flood Victims …. but wants to keep half the money & pass on just a fraction of the winnings ? … Pond Scum comes to mind.

    What a Giant !!

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  153. Strongly suspect he’d offer to donate the other half to Guide Dogs for the Blind or something if it’s REALLY such a bit deal to you? Go on Mouth – Ask him! :D :D :D

    Reply
  154. Ned …. This man claims to own 10 houses plus …. yet when his children visited at Christmas be boasted how they paid for dinner …. Just a Grub period!

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  155. Ask him …

    Reply
  156. Both our sons are very well set-up financially.
    I’ve often been amused by your bragging about how well you’re doing, Shoes;
    but I’ve resisted the temptation to make comparisons online.

    The very expensive restaurant meal was a gift his mother and I appreciated.
    We should have declined his Christmas gift? To use your own tired cliche, you’re clutching at straws… .

    In the matter of the bet, I’ve tolerated a series of ongoing lies from this noisy AH for well over a year. These include accusations about my nationality, financial health (including ‘repossession’ of a property), location, travel, friendships, leisure activities, occupation and numerous other aspects of my life and circumstances. I challenged (just the latest) two of these. He declined to meet the challenge. Called a liar, he ran away and hid, bleating his usual tired insults… .

    Grub? How low would you have to be to curse a fellow contributor with liver cancer and total incapacitation, Shoes? You are mentally ill, my son. God knows what a mess your head must be, to slosh about with such festering, unresolved bile. Seek help for your illness, Shoes… .

    Reply
  157. Kids shouting the oldies a night out? It’s a red herring.

    But why the hell wouldn’t a kid maybe feel to pick up the tab anyway? Just as a very normal expression of affection and maybe even a little bit of a Thank you in its own way. With any parent who’d say “No!”, still having a lot to learn about parenting – IMO.

    But it’s still a red herring. So go on – ASK him …

    Reply
  158. Comment by Ned S on 18 February 2011:

    Kids shouting the oldies a night out? It’s a red herring.

    But why the hell wouldn’t a kid maybe feel to pick up the tab anyway?

    I agree Ned..

    Seems your friend thinks I am “Not Fooled By Property Spruikers Hype”

    Stillgotshoeson
    February 18, 2011
    Reply
  159. The reason he won’t ask, is that he _knows_ I’d be happy to donate the other $125K, Ned. I’ll give it to the Fred Hollows Foundation.

    It’s simply another red herring, something to delay, obfuscate, and push the bet well back into the thread(s). His problem, knowing this, is that he then has to put up $250K, knowing 1.) He probably hasn’t got it; 2.) He probably can’t borrow it; 3.) As sure as God made little Apples (iPods and iPads) he will _LOSE_ it; and 4.) He will lose face (again) here and on PerthNow. This bloke is hardly a winner, as sending us the Keen vs. Joye clip shows… . ;)

    So, here’s the deal, Punter Fool: $125K of your loss to the QLD Flood Appeal, $125K to the Fred Hollows Foundation: http://www.hollows.org.au/
    Show me the money!~

    Reply
  160. “Seems your friend thinks I am “Not Fooled By Property Spruikers Hype” ”

    Maybe??? Though probably not. But either way it seems he wasn’t impressed by the liver cancer comment.

    More housing renos for me today! I really do enjoy renovating property – Well, lots of it anyway.

    Reply
  161. The thought flicked through my mind to ask the Mouth if he’d like a similar bet on his comment that I’m a client of Centrelink’s? But I figured he has enough problems for now … :D

    Reply
  162. Oh How Sweet … The Idiot now thinks SHOES is me? …. No although flattered to be put in the league of Shoes …. Sadly I am just me!!

    Learn to accept this Coward Pete & you will save so much time Biting your Own Neck!!!

    Ho Dear now he is Travs on this site … So hard to keep up with this man …. I see you still try to use big boy world to come across as smarter than you are? { obfuscate }

    Try learning the difference between earning interest in a offset account & saving interest in a offset account if you want to impress anyone.

    Anyway must rush … voting in Perth for our Village Idiot closes at lunchtime & I want to be sure I get my vote for you in on time!!

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  163. While you’re there, see if you can rustle up $250K. Should be easy for a fella who claims two houses and four apartments… and who has a realtor in his pocket.

    N Fool: “This man claims to own 10 houses…”
    Link?

    Still waiting for the January 2010 link in which you told PerthNow you had six properties. Went back and had a look. Nada… zilch… zero.

    Liar.

    Reply
  164. Coward Pete or Travs or whatever you are calling yourself today … {Comment 68 ..Travs of WA Posted at 10:35 AM Today…Little chance of that, Bub. I’ve offered to donate his full $250K to the QLD Flood Appeal and the Fred Hollows Foundation.}

    YOU DID NOT OFFER TO DONATE THE FULL AMOUNT OF THE BET TO THE QLD FLOOD APPEAL…. DID YOU? … NO!!!

    Comment 53 ….. Travs of WA Posted at 8:36 AM February 17, 2011…. Half my winnings to the QLD Flood Appeal. Put up, or shut up……

    & then you clear up any confusion in

    Comment # 58 … Travs of WA Posted at 1:20 PM February 17, 2011 I’ll accept either an apology, or your $250K cash bet, Punter. This thing will follow you forever unless I get one or the other. You probably need to morph now and quietly disappear into the ether. If I’m wrong about that, the QLD Flood Appeal could certainly use a $125K donation… . Waiting. ….

    C*L*E*A*R*L*Y You wanted to Keep Half for yourself & now you LIE saying you offered to put the whole amount up?? …

    Tell us Travs what other UNTRUTHS are you tell the PERTH NOW forum!! …

    What a Grub !!! trying to say he offered to give the lot to Flood Victims … But in fact it was only half ….

    Judge A man by his actions I was always taught !!!

    http://www.perthnow.com.au/business/dont-believe-real-estate-hype-on-property-shortages/comments-e6frg2ru-1226004295560 ….

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  165. “Oh How Sweet … The Idiot now thinks SHOES is me? …”

    HaHa… you’re the village Idiot who posted as Biker Pete, _three times_ between 14th – 15th February, above. Fooled no-one; in fact I see you’ve scored -6 -5 and -7 for that brilliant little piece of subterfuge.

    The idea of you attempting to be my Mini-Me isn’t flattering, despite the naming of the Foolstein Test in your honour. This test, designed to measure cognitive impairment, was apparently introduced shortly after you began posting drivel in your latest PerthNow alias, back in October 2009:

    http://en.wikipedia.org/wiki/Mini–mental_state_examination

    Reply
  166. Ok Now that is out the way .

    Can you confirm that you were lying when you claimed you said you would donate the F*U*L*L* amount of the BET???

    GRUB!

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  167. PerthNow uploaded _one_ of three I sent, Fool. Your link is the third of three posts I sent. One of the three was sent here:

    http://www.perthnow.com.au/business/housing-cycle-on-flat-terrain-before-long-slow-climb/story-e6frg2ru-1226008067638?referrer=email&source=PN_Bus_email_nl&emcmp=PNBus&emchn=Newsletter&emlist=Member

    It never got a look in. Go and see why!~ You and your aliases almost totally clogged the thread. As usual, I screenshot the thread progressively.

    No wonder you’re known as The Mouth. :D

    Reply
  168. And in reply to your similar comment @ PerthNow, just now:

    “PerthNow holds several responses in which I offered to donate, from my winnings, $125K to the QLD Flood Appeal and $125K to the Fred Hollows Foundation. Only one of those posts was uploaded. You enjoy remarkable privileges here, N Fool; soon to be the subject of an inquiry, accompanied by countless screenshots demonstrating your remarkable rights, as well as countless rejected attempts to respond to your nonsense. It will all come out in the wash, son… .”

    An FOI Application needs substantial evidence. Rest assured it will accompany my application.

    Reply
  169. F Fool “Ok Now that is out the way.”

    No.

    CLICK! (On those three ‘BP’ posts.) ;)

    Reply
  170. Coward Pete

    Can you confirm that you were lying when you claimed you said you would donate the F*U*L*L* amount of the BET???

    Yes or No?

    GRUB!

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  171. Can you show me evidence that I ever said I would donate $250K of my winnings to the QLD Flood Appeal, you sad Fool? Link?
    No BS. Just the link.

    PerthNow records that I said:

    “Travs of WA PerthNow, Posted at 8:35 AM Today:
    “Happy to donate the other $125K to the Fred Hollows Foundation, Punter. Let’s see, that’s $125K to the QLD Flood Appeal… and $125K to restoring sight. No more excuses, Punter Fool. Put up or shut up…”

    Never once offered the full $250K to the QLD Flood Appeal, you Dim Bulb.

    Your link, please?

    {DReAders should note that Punter has disappeared. N Fool (who has always denied his ‘Puntership’) is now fighting the bet. Curious… . ;) }

    Reply
  172. Tis Tis Tis Travs

    Can you show me evidence that I ever said I would donate $250K of my winnings to the QLD Flood Appeal, you sad Fool? Link?
    No BS. Just the link.

    Pay attention I will type slowly for you to keep up

    I am not saying you said you would give $25)K to Flood victims. If that was the case I might even commend you.

    I took you to task about invoking the victims of QLD Floods to give some credibility to the bet you were trying to have with punter.

    I said it was the behaviour of a GRUB to do this by offering to donate just half & pocket the rest as profit>>>

    Heres is the link that supports what I said you said look at Comments #53 & #58 clearly offering just half the winnings…

    http://www.perthnow.com.au/business/dont-believe-real-estate-hype-on-property-shortages/comments-e6frg2ru-1226004295560

    Travs of WA Posted at 8:36 AM February 17, 2011

    Half my winnings to the QLD Flood Appeal. Put up, or shut up.

    Comment 53 of 72

    &

    Travs of WA Posted at 1:20 PM February 17, 2011

    I’ll accept either an apology, or your $250K cash bet, Punter. This thing will follow you forever unless I get one or the other. You probably need to morph now and quietly disappear into the ether. If I’m wrong about that, the QLD Flood Appeal could certainly use a $125K donation… . Waiting.

    Comment 58 of 72

    This is 24 hours before your made up statement with no link as proof (LIES?)
    “Travs of WA PerthNow, Posted at 8:35 AM Today:
    “Happy to donate the other $125K to the Fred Hollows Foundation, Punter. Let’s see, that’s $125K to the QLD Flood Appeal… and $125K to restoring sight. No more excuses, Punter Fool. Put up or shut up…”

    Cone on drop kick now your link to this post I cant find it!!

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  173. Never mind Grub I found it …
    Lets have a close look shal we?
    @6.43pm 17-2-2011 I took you to task in the post below drawing attention to your appalling behaviour:

    Not Fooled By Property Spruikers Hype Posted at 6:43 PM February 17, 2011
    What a low life …. Invoking Flood Victims misery …. What a Giant you truly are …. Your childish bet prank speaks volumes about your character? …. You take the Y*U*K factor to a new low!!
    Comment 52 of 58

    Then you reply 12 HOURS later in a desperate attempt to back track & try to gain some credibility by pretending you would give the other half to Fred Hollows?

    Travs of WA Posted at 8:35 AM Today
    Happy to donate the other $125K to the Fred Hollows Foundation, Punter. Let’s see, that’s $125K to the QLD Flood Appeal… and $125K to restoring sight. No more excuses, Punter Fool. Put up or shut up…
    Comment 58 of 58

    24 Hours too late you are on record trying to gain a benefit invoking the misery of QLD flood victims & you better believe this is something I can remind you & readers of again & again … It gose right to the character of the man himself!!!
    (Link of Course funny how you left it out so nobody could see you for what you are GRUB!)
    http://www.perthnow.com.au/business/new-home-loans-up-in-dec/comments-e6frg2ru-1226005686517

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  174. You silly, silly little man:

    a. ) I never said I’d donate $250K to the QLD Flood Appeal;

    b.) I did say I’d donate $125K to the Fred Hollows Foundation, after Ned
    suggested a donation to the blind.

    Here’s your chance to really prove I’m a liar:

    Put up the $250K… no more weaseling… it ‘gose’ right to the character of the man, all right. You’re the coward here.

    Reply
  175. You could not Lie Straight in Bed Coward Pete.

    Keep Digging the hole just get bigger!!

    a. ) I never said I’d donate $250K to the QLD Flood Appeal;

    Nobody said you did if you did that would be OK but you offered to only give half & wanted to keep half till I pulled you up on your GRUB Like behaviour!!!

    b.) I did say I’d donate $125K to the Fred Hollows Foundation, after Ned
    suggested a donation to the blind.
    Here’s your chance to really prove I’m a liar:

    Well Travs I have looked & can find no reference on DRA or Perth Now to you saying anything till after you were exposed as a GRUB & this is what Ned said on the topic that you are trying to use as a defence….

    Comment by Ned S on 18 February 2011:

    Strongly suspect he’d offer to donate the other half to Guide Dogs for the Blind or something if it’s REALLY such a bit deal to you? Go on Mouth – Ask him! :D :D :D
    VA:F [1.9.5_1105]

    Since Neds post you have had several posts to say … Yes Ned what A beaut Idea I will do that?

    You did not & now you use Ned to justify your APPALLING Grubby antics.

    Neds comment is the 18th Feb & you are on the record several times on the 17th Feb …. saying that you will keep half the bet & give O*N*L*Y half to Qld Flood Victims.

    Don’t try to rewrite history this time I have the links to prove it!!

    The fact remains that you got caught out behaving in a appalling way invoking Qld Flood Victims to make your pathetic little wager look credible … you are a Grub that got exposed as being a Grub …Live with it as I will remind you of it for sure…

    Put up the $250K… no more weaseling… it ‘gose’ right to the character of the man, all right.

    Who would bet with you, Proven 100% wrong & you wont concede?

    As far as I am concerned you are a proven liar …

    Pay up … Be a man about it Softcock!

    Not Fooled By Property Spruikers Hype
    February 18, 2011
    Reply
  176. From PerthNow, JustNow:

    “Tarvs?” “Enter my hear?” “Hallows?” “24 hours?!” “Tis Tis Tis”? Mate, you’re raving… panicking… imploding… ! You realise that all your BS hinges on your inability to face the music. You’ve lied repeatedly… someone has challenged you… and now this failure to ‘man up’ (as you call it) will follow you forever. WHERE’S THE PUNTER??? You’ve denied this alias, son… . Why post over twenty times about (t)his bet? You’re the Punter, you sad little weasel… .

    Put up the quarter mil or flush yourself!~ ;)

    Reply
  177. “Pay up … Be a man about it Softcock!”

    Jeez, son. You’ve blown a synapse. :D

    The way this works is that the Editor of the Sunday Times holds both our cash bets. Then:

    I prove you lied.

    You lose the bet.

    You blow your last synapse.

    I donate the winnings to QLD Floods and the Eyesight Fund.

    You quietly disappear, poorer but wiser… . ;)

    Reply
  178. Tis Tis Tis … How mean spirited of you Mouth. To not be giving Biker ANY chance of donating ANY winnings from YOU to ANYONE!!! With you obviously having positively DIED in the arse at the thought of taking up his bet.

    Highly amusing as always! Keep up the ‘good’ work Fool … :)

    Reply
  179. “Who would bet with you, Proven 100% wrong & you wont concede?”

    But that’s why you are going to suggest that you post your solicitor’s contact details here surely Fool? So that Biker’s solicitor can contact him. And between them they can get the details of the bet written down all nice and legally watertight hey! :D :D :D

    It’s just getting BETTER!!! ;)

    Reply
  180. Hey Fool, if you win, who do you want your winnings donated to? Give it some thought – The legal eagles are going to need all those sorts of details. ;)

    Reply
  181. “…you obviously having positively DIED in the arse at the thought of taking up his bet…”

    Yes, that’s the long-and-short of it, Ned. Some progress has been made, however. His capacity to bad-mouth all-and-sundry will be severely limited from now on.

    Well north of home tonight. Missus just bought me a fine meal* and a bottle of good red, in a beachside restaurant, to celebrate the spiritual demise of a self-flagellator.

    Next two days we’re renovating… .
    Have a great weekend, mate!~

    * No doubt our mealy-mouthed mate can make something of that metaphor?!
    More red herrings, perhaps?!~

    Reply
  182. wonder if he’ll pop up soon suggesting you are a low-life because you didn’t post your solicitor’s contact details here on 17 Feb given that Ned suggested it on 18 Feb? Or something even MORE convoluted!!! :D

    Cheers Biker!

    Reply
  183. HaHa!!!~ _Nothing_ from this strange troll would surprise me, Ned. :D

    Enjoy your weekend, mate!

    Reply
  184. Hey Ned why dont you shave Coward Petes back & then get his Missus to knit the hair into a coat.? …. I hear Wiesel is in this winter & it should suit you to a tee

    Not Fooled By Property Spruikers Hype
    February 19, 2011
    Reply
  185. That doesn’t look like your solicitor’s details to me Fool? :)

    Reply
  186. Run from the bet, Punter Fool. You lied. You made numerous untrue claims. Challenged on just two of them, you have nothing but silly taunts and jibes left.

    Your fifteen minutes of fame is over, N Fool Punter of ‘Mindarie’, but do continue to rave, bleat and whine every chance PerthNow gives you.
    It simply highlights your very poor grasp of reality (and realty).

    You left the ‘hee hee’ off, you illiterate scamp…. . ;)

    Reply
  187. Me Run from the bet?

    Firstly the bet was not with me it was with Punter … I just showed your GRUB like behavior to the Perth Now forum….

    The fact that you think we are the same highlights your ability to comprehend the simplest of things …

    Like a offset account saving a depositor interest …. but you continue to believe you earn interest in your alleged offset accounts ….. Pfft Mum &Dad type of mistake … you are an amature

    I just showed your GRUB like behavior to the Perth Now forum….

    Your 15 minutes of fame has just begun … As I show you up for the Little Grub & Bully you really are!!

    BTW my Blog site is attracting 1300 – 1400 Hits per week …. My message gets across whilst you focus on stupid little bets & attempt to exploit the misfortunes of QLD Flood Victims…

    Keep up your Grub like behavior your playing right into my hands but dont know it…

    Now let me just pull this string & my little puppet will dance to my tune…

    I bet you dont have the courage to keep this topic going ….

    (Ummm Is he pulling my strings ? If I stop he thinks he wins , If I keep going he thinks he has provoked me to keep going …. Doh!!! … what would Homer do I wonder?)

    Dance Puppet dance … Now Bite your Neck!!

    Not Fooled By Property Spruikers Hype
    February 19, 2011
    Reply
  188. “the bet was not with me it was with Punter”

    Don’t know anything about any ‘Punter’ here?

    But some chap calling himself ‘Not Fooled By Property Spruikers Hype’ has obviously accepted the bet – As plainly shown by his request for payment above; Specifically: “Pay up … Be a man about it Softcock!”

    Reply
  189. Time to get it all stitched up nice and legally watertight now Fool – You wouldn’t want an unscrupulous and unprincipled and lying mouth like you claim Biker is, to have any possible way of wiggling out of it surely?

    So your solicitor’s contact details if you please …

    Reply
  190. Your comprehension skills are that of Coward Petes!

    As plainly shown by his request for payment above; Specifically: “Pay up … Be a man about it Softcock!”

    This is what I said..

    As far as I am concerned you are a proven liar …

    Pay up … Be a man about it Softcock!

    So did I say Pay me?… No I said pay up … The bet was not with me … I say the Coward Pete was proven a Liar & he should Pay up!

    COWARD PETE PAY PUNTER YOU ARE A PROVEN LIAR!!

    Not Fooled By Property Spruikers Hype
    February 19, 2011
    Reply
  191. OK, then have have a chat to your acquaintance ‘Punter’ and get HIM to put up HIS solicitor’s contact details. Or has HE died in the arse and run away or something???

    Reply
  192. “my Blog site is attracting 1300 – 1400 Hits per week”

    Must be hits by the silent majority then. As I see your 4 articles this month have attracted a total of 0 comments. And your 4 articles last month attracted a total of 2 comments. Both made by the same bloke on the same article.

    Where he states (amongst other things) “I’m pretty sure he [Biker] must just have a closet gay relationship with Ned.”

    You do attract the most erudite and witty of companions old bean! :D

    Reply
  193. Thanks Ned … You confirm what I suspected …

    erudite ….

    If you are going to pretend to be different people you have to remember to stay in character use of the word … erudite … gave you away!!!!

    MUPPET cant get the simplest of things right?

    Your use of language is not appropriate to level of reader or listener … As is Coward Pete or Travs … BZZZZZZZ … FAIL!!

    You & Coward Pete Same DNA … One & the Same

    Now get back to biting your own Neck

    Go away you little TROLL!!

    Not Fooled By Property Spruikers Hype
    February 19, 2011
    Reply
  194. Stop feeding this annoying troll for Pete’s sake :)

    Reply
  195. Come to think of it, if your sole commentor should happen to be the same ‘Pete’ I suspect it just could be(???), I busted HIM here for telling a fib something like two years back. And now he’s on your site going “Biker, Ned … Chunna, chunna, chunna … Just a pair of Poofs!” :)

    Made no more happy presumably, by the fact that his suggestion to ‘Steven’ elsewhere, that Oz house prices could fall 70% (more even?), would still seem to be looking a bit rubbery!

    Reply
  196. “Your use of language is not appropriate to level of reader or listener” – Why would you assume that no-one on DRA knows what “erudite” means Fool? And that anyone who may not, could have no possible interest in looking it up? Especially if I recall correctly, at least one regular commentor here stated quite recently that he values the increase in vocab he gets from reading this site. And I doubt he means words like ‘pinhead’! :D

    And No, I’m not Biker Pete who lives in WA and travels a lot. Though if you should happen to want a $250K bet on that? … Well, you know how THAT story goes now hey! ;)

    OK Don … Party pooper! :) But yes, I will admit that I enjoyed it all thoroughly. Sorry about that! :D

    Reply
  197. Last one Don – I really, really, really promise! ;) :

    “Verdant green tropical forest sweeps down to golden-sand beaches washed by the rich blue Pacific.”

    “Verdant” – Hmmm … I wonder what that word which is “not appropriate to level of reader or listener” [on this site???] means? I think I’ll go and look it up! :D :D :D

    Reply
  198. N Fool IS Punter.

    Why 30+ posts fighting the bet, from N Fool… ? He’s Punter… ! :)

    Lots of other links to prove this, which I’m happy to post once home again;
    but I think the “Pay up … Be a man about it Softcock!” should do for now.

    I’m Ned?! More punting, Punter N Fool. Just like your ongoing assertions that I’m a Yank-Canadian bank clerk golf-buddy of Dogman and Mark; who lives in ‘WanneRRoo’, never travels abroad and has no property investments! :D

    Strange how Punter and N Fool use that double R spelling for Wanneroo.
    No-one else does. Coincidence of course… . ;)

    “Mindarie”? Doubt it. His whining is hardly audible up here… :D

    Reply
  199. You are a GRUB & a OXYGEN Thief nothing more than that!

    Now go back to BITING YOUR NECK my little puppet told you if I pulled that string you would bite ..I have you in my complete control to do with as I wish!!

    Not Fooled By Property Spruikers Hype
    February 19, 2011
    Reply
  200. Hey, Not Fooled. Unusual to hear a voice on hear that’s not Ned/Pete here (I happen to think they’re one and the same voice). I’ve always thought they’re both the voice of that Dan guy that sometimes posts here (and runs a stock forum website). It’s pretty common for bloggers to fake posts on their own sites (some of the conversations on Dan’s site rival the biggest forums on the Internet *rolleyes*). My guess is that he’s bored of talking to himself on his own site, so he’s venturing to a slightly-less-obscure site to play.

    What really grinds is that his prolific posting is the only opinion to be heard here. Whoever is the voice behind Ned/Pete, it would seem they either have a very lonely life outside of work, or it’s their “job”.

    Either way, I don’t think you’ll win. Unless you’re also prepared to fake replies to yourself … all day … every day.

    Reply
  201. Guess who said this (on 25 October 2010 on AdelaideNow)? :

    “Now if wages also follow the last 30 years history, wages will only get to $325K PA and with the banks only lending @ 5 times income this will constrain a 2010 propertys worth to only $1.65 Mil in 2040 a capital growth of only 3% PA making property investment in the future unattractive.”

    So adding on a 3% rental return for a cash investor (like me – to give 6% pa total) and the fact that stuff I can snaffle now will be comparatively MUCH closer in than the FHB stuff of 2040, does that mean the stuff I can snaffle now just could do BETTER than 3% pa capital gain? With my total return potentially being BETTER than 6% pa …

    Oh, decisions, decisions, decisions! ;)

    Reply
  202. Hey Steve, if your wage is gunna be $325K pa in 2040 (higher presumably as by then you’ll be telling other people how to move bags rather than moving them yourself), what do you think of buying a unit for $325K today?

    Though I’d still probably hang off if I was you. Because I also suspect we could be in for a bit of a correction??? Though who’s to REALLY know eh? :)

    Ah, decisions, decisions, decisions! :D

    Reply
  203. Couldn’t help it Don – Sorry! :D

    “I have you in my complete control to do with as I wish” – There you go Biker, you are like butter – In the palm of his hand! Or somesuch? :D :D :D

    Reply
  204. Sincere apologies to all ‘visual types’ in the blogosphere … EEK!!! :)

    Reply
  205. He’s got to be one of these blokes (I reckon!), who when you say to him at work first thing: “How ya going mate!”, replies in all seriousness (and expecting to be taken seriously!): “I woke up feeling a little stiff this morning.” … :D

    Reply
  206. No mate, he says “I woke up with a solution on hand…”

    Chronic wanker. ;)

    Reply
  207. We both REALLY know that at some point we really SHOULD(?)/MUST(!) take Don’s advice I guess hey Biker? But all the low hanging fruit (“fruits” if one WAS desperately into homophobia – As he is), he leaves lying around, DO make it a bit difficult!

    But the good news is, that I got a bunch of useful stuff done at home today – Like cleaning the front porch, the entry doors, trimming a tree, and my toenails etc – Between which I’ve had some fun checking in here – So it’s back to renos elsewhere tamarra – With no ‘fool’ to distract me in any way until at LEAST 7 or 8 pm! When I return to my dialup connection at home.

    Thank gawd for that! – Says Don. With me ‘FOOLY’ concurring! :D :D :D

    Reply
  208. “he says “I woke up with a solution on hand…” ”

    Is that like the captains of industry who announce to the troops that they are going to “raise the bar” Biker? ;)

    Reply
  209. Original material often takes a bit of work when one is old and stupid like me – “… the captains of industry who announce to the troops that they HAVE “raised the bar” …

    Reply
  210. Response awaiting moderation, Ned. Maybe the two links…? Cheers!

    Reply
  211. Steve, DRA 17th Feb., 2011: “We are NOT FOOLED, Not fooled”

    Well said, Steve! ;)

    Reply
  212. I’m a VERY suspicious old man!

    Reply
  213. “Well done is better than well said.” – Benjamin Franklin

    “He can compress the most words into the smallest idea of any man I know.” – Abraham Lincoln

    Reply
  214. “Your comment, 16th Feb., noting his boast about a sixth investment property he owns, marks a turning point”

    Keep me posted on how he makes out – As he’s obviously got even WAY more heavy duty stuff than that to answer to his Perth ‘peers’ about! ;)

    “property flipper unraveling by-the-minute” – He’s unquestionably got an agenda!

    “There’s cold comfort in dalliance with a troll” – Lying down with dogs is still a good way to catch fleas I imagine? :)

    Reply
  215. “The item that was subject to moderation appears to have been sidelined.”

    No, DRA _has_ posted it, in correct chronological sequence, too.

    Thank you!~

    Reply
  216. Interesting comment 19th Feb., Ned. You am _I_… and we’re both Dan. :D SteveNG’s deep contribution and best wishes to N Fool*, above.

    Over at PerthNow, N Fool Punter, having declined a $10K bet with Dogman, is trying to raise our stakes to a million bucks. Remember the two premises of the bet: 1.) I don’t have investment properties; 2.) I don’t travel beyond Bali. Doubt this w*nker has $10K or even a Mindarie property if he won’t pick up a $10K bet.

    * SteveNG was right about one thing, in his advice to N Fool, though:
    “I don’t think you’ll win….” ;)

    Reply
  217. Steve’s quote of the day

    “I find it funny that the 2 countries that have the most unaffordable housing in the world have cities that dominated the top ten most liveable cities in the world, yeah its real liveable to have a noose around your neck for the next 30 years”

    Pfft who does these surveys the spruking real estate industries of Australia and Canada???

    Reply
  218. The average house in USA is about 3-4 times average yearly wage

    Australia about probably 9 to 10

    Reply
  219. Steve: “The average house in USA is about 3-4 times average yearly wage
    Australia about probably 9 to 10”

    For a couple of years I’ve suggested you should _leave_ the suffocating restriction of your tiny Sydney bedroom and jet off to buy ‘the average house’ in the US, Steve. Things really _are_ so much better there for young people. Every second day or so, Bill Bonner tells us _how good_ things truly are in the US… .

    Your response has been to ask me to ‘give you a house’! You’ll recall that after l-o-n-g deliberation my missus and I decided, regretfully, to decline. It was a very, very close thing… . ;)

    You’ve been raised in a kind, nurturing home… a cocoon, really… but it’s time you awoke to the realities of life: 1.) Society owes you nothing;
    2.) Independence is a valuable tenet. It doesn’t come cheap; 3.) As Warren Buffett states: “The best investment you can make is in yourself.”

    What have you done to invest in yourself? I accept that your literacy skills have improved over the years, but you’re still under-achieving, sport. Why set the bar so low?!!!~

    Reply
  220. There was a house in Detroit the other day that sold for $1. Job prospects not the best though but you can’t have everything yeah?

    Reply
  221. Comment by Don on 22 February 2011:

    There was a house in Detroit the other day that sold for $1. Job prospects not the best though but you can’t have everything yeah?

    With out knowing any details I would be confident in saying that there would be back taxes owed on the property and more than likely, substantial repairs needed. (Many of the homes in Detroit have been stripped of anything remotely of value)
    Crime rate in many parts of Detroit is also very, very high.

    There are however “lakeside” homes in Detroit that are in reasonable neighbourhoods that are less than $100k that where considerably higher than that a few years ago.. As you say not much in the way of work available, however if you did not need to work.. Canada is just the other side of the lake to go for a holiday too :) A boat and not needing to work.. might not be too bad a place.. Buy a gun and a bullet proof vest though. You know, just in case.

    Stillgotshoeson
    February 22, 2011
    Reply
  222. Travs / Coward Pete / Biker Pete ….. Lets just check what comm ground we can have as a starting point going forward?

    Do you admit Gravity Exists & the Earth is Round.

    I suspect you would deny both?

    Housing has had its day … it may have been a good scam some years back but the point is if people did not get in 10 years before they are going to be in for some pain….

    Are you seriously suggesting this is a good market for people to buy in today?… Really??

    Not Fooled By Property Spruikers Hype
    February 22, 2011
    Reply
  223. Comment by Steve on 21 February 2011:

    “Steve’s quote of the day

    “Pfft who does these surveys the spruking real estate industries of Australia and Canada???”

    Get with the pogrom Steve, it’s “diffrent ‘ere.”

    Reply
  224. I agree with you 100% Shoes – no doubt whoever is selling just wants to get rid of the liability. I had a look at the property on the internet and frankly it didn’t look bad at all, pretty sad really all things considered.

    The troll has returned – remember don’t feed him, no eye contact, just walk on by and don’t indulge in any poo flinging – I beg you.

    Reply
  225. I posted some real estate values when I got back from the States, for condos in Orlando that were in a gated community with great in-house amenities, close to restaurants and other attractions, that were listed at $110,000.
    Absolute bargains by our standards if you wanted to move over there.
    Crime rate in Orlando would be much lower, I suspect, than the Motor City.

    I endorse Don’s comments above too.
    Takes too long to find a posting that’s worth reading when it’s filled with garbage.

    Cheers

    Reply
  226. Yeah, figure you’re both correct. Better to just let it rant… .
    Cheers, Don, Davo!~

    Reply
  227. Comment by Davo on 22 February 2011:

    I posted some real estate values when I got back from the States, for condos in Orlando that were in a gated community with great in-house amenities, close to restaurants and other attractions, that were listed at $110,000.
    Absolute bargains by our standards if you wanted to move over there.
    Crime rate in Orlando would be much lower, I suspect, than the Motor City.

    I have a friend whom lives in Orlando, He recently was made redundant, asked me what the employment prospects are for a civil engineer over here, sent him the link for seek.com.au for him to have a look at, he is looking at coming here or going to Canada. He has applied for a job in Winnipeg Cananda, and seems hopeful on that.. They are flying him up for a meet and greet so he feels confident. A friend of his whom was into property development has lost millions, My friend says Florida is still a mess. If your cashed up it is ok, but if your in debt and need to work… not so good.

    Stillgotshoeson
    February 22, 2011
    Reply

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