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  1. N

    Stepping stone # 5175 - this is it

    Funny about that mindset you have. My take is people who contribute very little to the economy and employ no one, are usually the ones who make the statement that they would like to see higher taxes and more social services:rolleyes:
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    Fiscal literacy and surviving the GFC

    LVR's continue to diminish even with deleveraging Hi Steve I work with four seperate investment pillars that include business income, rents, private income and if need be (unlikely) a transition to retirement income. So no there is no danger of going up to 80%. The rents are...
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    Fiscal literacy and surviving the GFC

    Change is dependent on unreasonable people Willair. Over a year ago on this site I spoke about the world banking system being insolvent. If you sat through that entire interview with George Soros you would have heard him say that the entire world banking system is insolvent. You would also...
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    Fiscal literacy and surviving the GFC

    Australian banks staring into the abyss I think the article is very conservative on the worst case scenario. It talks about a 8.9% default rate as being catostrophic and a 20% fall in values. Factor in a 40-50% fall in values and your closer to my position. As for the banks not having any...
  5. N

    Fiscal literacy and surviving the GFC

    Another brick in the wall That very scenario happened to my wife's grandfather during the great depression with his properties in Brighton. In the end he was forced to sell them because of the government imposed rent controls. One of his tenants was subletting out part of the property and...
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    Fiscal literacy and surviving the GFC

    If your boarders lose their job good luck evicting them.
  7. N

    UK Property investors face margin call

    Gee:D What a novel idea on SS. Sounds like getting your gearing down to 30% is not such an extreme view after all;)
  8. N

    Fiscal literacy and surviving the GFC

    The bare housing facts in a soft depression So now we have the government saying to the four pillars; "we want you to give the recently unemployed a repayment holiday"? So what does that mean for all those poor suckers who took up the first home owners grant ? It means whatever little bit of...
  9. N

    Fiscal literacy and surviving the GFC

    Here is another interesting vignette on the consequences of the coming world currency crisis. http://www.financialsense.com/fsu/editorials/2009/0325.pdf
  10. N

    Fiscal literacy and surviving the GFC

    Unfortunately Chillie the old news is like a bad meal it just keeps repeating. When you hear the nonsense about how things are improving: example the Wall Street banks January and Febuary profits, ie citibank, JPM. BofA this link clearly demonstrates that their self interest is blocking any real...
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    Fiscal literacy and surviving the GFC

    Stand and deliver. Wall street bandits continue to demand Here is another snippet of information on the greed of Wall Street. This one covers the last phase of Merrill Lynch before it fell into the arms of the Bank of America...
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    Borrowing Using Super Fund

    Hi BV; Your a braver soul than me:o Personal guarantees should be a problem for everyone investing in Super. You should be aiming to have some of your assets away from your creditors. It is not about dudding the banks its about the train with the lights on and the horn blowing called...
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    Fiscal literacy and surviving the GFC

    Winston I think that throbbing machine between the investors thighs is definitely not in for a "soft" landing. Poor fellow will be a guacho, "ouch" To rockstar see graph above
  14. N

    Stepping stone # 5175 - this is it

    Joe I note you live in a tax haven and are employed as an investment banker:D Were you a tax collector in another life?
  15. N

    Can you be too much of a tightar$e?

    I drive a 14 year old Volvo Station Wagon that I purchased brand new. Before that I had a 1982 Ford Falcon panel van that I purchased from the gas and Fuel in 1987 second hand and had duel fuel/LPG and run on the sniff of an oily rag. The wife got upset in late 1994 when it rained and the water...
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    FHB questions: buying a property with cash, and <$100k mortgage

    Charity starts at home As the saying goes be kind and generous to your children as it is they who will choose your nursing home:D If your buying your first home for $450,000 with a $100,000 mortgage and your putting in $40,000, even if propery drops 50% in the short term, your home and hosed...
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    Borrowing Using Super Fund

    Don't agree with you on this one BV. I'm sure your accountant and auditor wouldn't be willing to give personal guarantees themselves if they have half a brain so why would you ? With the nab loan they are asking that you put in 35%. If you can somehow get that up to 45% say you do a redraw on...
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    Keen rubbished by RBA!

    Hello Chillie; I normally don't have much time for the Europeans because of their free trade shenanagans that have kept the third world in poverty. I see red when French diplomatic souffle's lecture Australians on free trade:mad: But the German's, French and Czechs have read...
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    Growing your super property portfolio, within the rules!

    If you have a trevisan trust (a pre August 11 1999 unit trust)If the trust deed is set out properly you can operate a business. There is a limited market for old Trevisan trusts that allow you more latitude. Regards NR
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    Keen rubbished by RBA!

    Hi Turk have a look at my preceeding post prior to the post you commented on and tell me its not rational
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