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You and sash sound the same too. Are you the same person? What a silly argument to make. Nothing intelligent about making a sweeping statement like that. The only rubbish are those who cannot accept that people have different views, and you obviously can't accept that if you think anyone who...

I know a person's net wealth from their investment philosophy. Hah

Hah the sour grapes. As I said, damaged egos all abound.

Pointless comparison. As I said I know what I'm worth and I don't need to rub my own ego by telling people on a forum how many millions of dollars my assets have gone up by. But if you really like I'll use one little story. I went into a JV with my family a while back and bought some...

The arguments run both ways. Inner city supply is tight and demand is high. Having lots of development space means there's plenty of supply that keeps a lid on prices. In any case, people buy what they can afford. Some have more options in life. But trying to mislead/paint a negative picture...

Always good to agree to disagree. Only difference is some of us hold a particular view and back it up, debate it through etc with thought-out analysis, numbers, data and experience. Others base their view on, well, misplaced ego. Often these people can't accept that others' views might...

Oh and so the expert speaks again. Behold the almighty. Werribee will probably default before Toorak and Carlton but the recession's gone so can't prove that anymore. Only thing can prove is it'll increase much more. So will let you know the results in 3 months time to see if the REIV and Rupert...

Nahhh I wasn't talking about you specifically :D

If you read my earlier posts, that's what I said. But obviously some have the propensity to become very defensive when others' investment strategy is not the same as theirs and this leads to ill-fated attempts at demonstrating how their investment is far superior numerically.

It's ok, my wisdom is built on the foundation of your numbers, so thanks for the assumptions. Oh and yet another wild assumption about my age too. Keep the low ball effort up. Good luck in your future endeavours too. Edit: Sash, I forgot to point out another issue in your calc. In your...

I must say you've been fairly reasonable all along in your comments and even up to this point they still are. But I don't understand how he is insulting anyone. He's commenting on a suburb generally, unlike some other people who continually try to insinuate that they are 'better' than others...

Hah love your cheap shots about a minor error in subtraction. To be honest your whole argument fell on your own assumptions & numbers. I never made one assumption. They were all based off your numbers. You were the one who told us your properties are worth 700k now. And you're the one who...

Well said. In an unrelated thread. http://www.somersoft.com/forums/showthread.php?t=56950 "By the way, Population increase in a suburb does not necessarily equate to price increase for that suburb. For instance Blacktown in Sydney. People with 'more' spending power moved out as the place...

I forgot to give you higher stamp duty. It's actually 35k stamp duty. so your profits are 60k. I just made more than that in 2 months in an inner city purchase. No need to disclose the details though in case people figure out where it is. There, a success story, as requested by you earlier.

Bought what for 650k and where's this 550k loan coming from? Didn't I say all my figures are nominal only? Anyway the number of houses does not equate to a wealthier portfolio. It depends what the houses are worth. Also your comparison is pretty skewed. What makes you think this 650k house...

Well that's true. If Brunswick experienced a 30-50% crash, I'm sure you'd have other things to worry about. Either China's waging war with the USA, or Macquarie Bank has collapsed or unemployment has reached 15.6%. And most people's house prices on here might have crashed 80% by then given their...

3BR small weatherboard house behind Victoria St (ie far end of Brunswick) quoted 700k-770k. Sold for 855k http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2008052795 3BR house right off Albion St. Another weatherboard house. And you can't get much further from the centre of...

I'll tell you what's like the dotcom boom. It's subdividers like my friends flocking to new suburbs, flooding the market with more parcels and my developer friends building yet again another complex of $2 houses to flood the market. Inner eastern suburbs are known as "blue-ribbon" because they...

To be honest, do you think I really care if you're a bit sceptical? Unlike (without mentioning names) some people, I don't need to tell people on the other side of my internet what I've invested in, what the returns are, what I own, how much I earn etc to validate my success. Besides what exatly...

Not in Hoppers Crossing in any case. And here's why Werribie might have millionaires. http://www.starnewsgroup.com.au/story/78686