Comments on: Hyper-Deflation on the Streets of Paris

By: maxdoubt

maxdoubt — Sun, 05 Jul 2009 06:32:24 +0000

..mmm feel sorry for the mugged tourists who lost their duds - or maybe the insurance co. who had to cover the missing container and its contents last seen being offloaded from the ship in Marseille. Its a mad mad madoff world - hehe

By: Biker Pete

Biker Pete — Wed, 01 Jul 2009 08:50:45 +0000

Justin, I realise you're concerned about me, but please don't lose a minute's sleep. We overpaid on 23% of our properties; underpaid on 62%; and very grossly underpaid on 15%. We're positively geared, our debt is totally covered by our super... ; we run offsets against all loans; and we screen all our tenants carefully. So take another pill and chill out, son!

By: Greg Atkinson

Greg Atkinson — Wed, 01 Jul 2009 03:41:12 +0000

Ned S - well said. I wonder how many investors in gold only obtain it from mines that are safe and where the workers are treated fairly? The fact is there are often nasty moral issues just under the surface when investing in anything so it is a bit rich (yes..poor attempt at humour I know) to single out the property investors for a verbal bashing. Funnily enough the chart of gold prices looks similar to the chart of property prices but apparently real estate is in a bubble but good isn't?

Personally I wish everyone all the best and do not like seeing anyone losing money. (except crooks of course)

By: Ned S

Ned S — Wed, 01 Jul 2009 02:58:50 +0000

Sounds to me like the "cut tall poppies down to size" syndrome is alive and well in Oz. If anyone can explain what difference there is between an RE speculator and a stock market speculator and a bond market speculator and bullion speculator and an energy price speculator and a forex blah, blah, blah speculator maybe I'd have some chance of getting a handle on why so many DR readers somehow have apparently managed to convince themselves their speculating is "moral" and the speculating others do is "immoral". Or do some DR readers think other people should only be allowed to speculate in asset classes that they don't personally want to buy into? Or that speculation should only be allowed in asset classes that no one really wants to buy into??? (That would be a bit silly wouldn't it?) Get a grip - Any of us who bother reading this crud regularly are at best "amoral" money grubbing speculators (be it with a long term or short term time frame) who will happily turn a blind eye to the fact that what we hope to be succesful in doing, ultimately steals money from those who are less successful speculators than ourselves - Including widows and orphans and aged pensioners and dumb superannuation contributing wage slaves! I don't mind speculators - They take their chances; Maybe they win; Maybe they lose. But moralising hypocrites do get up my nose.

By: Justin

Justin — Wed, 01 Jul 2009 01:12:58 +0000

I see from the comments on another article you are a real estate speculator Biker Pete? Here's hoping you've used lots of 'leverage'. Or plain just overpaid. But then as my real estate agent uncle says "There's no way house prices are going to fall"

By: Biker Pete

Biker Pete — Wed, 01 Jul 2009 00:06:50 +0000

Oh, oh... Prozak has morphed into Justin...

By: Justin

Justin — Tue, 30 Jun 2009 23:53:26 +0000

drugs....

By: Justin

Justin — Tue, 30 Jun 2009 23:52:27 +0000

Well buy more sugar and gold and silver, and be creative, hold anything but the government's (read your) liability as an asset. Which when you think about it is impossible, is is any wonder the dollar loses its value?

Tea is good, coffee, cattle, heck even those seashells the Pacific Islanders used as money are a better investment, toilet paper......

By: Biker Pete

Biker Pete — Tue, 30 Jun 2009 11:10:02 +0000

Dammmnnn! I just bought _sugar_... and now you're talking up gold, ""... the only asset that really matters..." You're a SFA, aren't you, Justin?

By: Justin

Justin — Tue, 30 Jun 2009 09:18:44 +0000

You sell Greg, I'll buy