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    The great Oz property crash of 2005.

    I should put it on my resume then. I finished uni and was invited to join. Didn't know what it was. My gut feel was that it was a waste of time and money but I paid the $80 or whatever it was to be a member anyway. I still think it's a waste of time but if those crabs at recruitment agencies...
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    The great Oz property crash of 2005.

    Hmmm...Golden Key. Never really did understand what advantage there is to being a member.
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    The great Oz property crash of 2005.

    Gen Y don't seem to acknowledge rat race. Most of the ones with some IT savvy (ie they can use facebook and understand how twitter works and some basic networking) think that because the IT landscape has changed so much they will be able to create an Iphone App or a Farmville and be millionaires...
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    The great Oz property crash of 2005.

    It will come from the same group. They will grow up and be every bit as good as our generations if not better. There not less talented, they just have skewed attitudes because of the environment they have grown up in. In the meantime, any chance they can get their hands dirty?
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    The great Oz property crash of 2005.

    Let's just clarify here I'm talking the bottom end of Gen Y (18-23) Plenty of experience with Gen Y ranging from acquaintences, work colleagues, interviewees etc. As you get older you notice patterns and they pretty much repeat themselves year after year. When I was a young adult my...
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    The great Oz property crash of 2005.

    Not the first as they/we all do it/did it. But there's a lot of talk that this generation does it waaaaay more than any previous generation. Even the top end of Gen Y (25+) weren't as self absorbed as today's lot. When I was a kid the standard for my parent's generation was to get a job and...
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    The great Oz property crash of 2005.

    Really? Did you forget who started it? Did you forget that Whitegoodman's main purpose for being here is to look down upon uneducated property investors who he perceives are far inferior to his intellect and tertiary education? Did you forget that whilst not your main purpose for being here, you...
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    The great Oz property crash of 2005.

    Ah, so that's why you can only save $1k per week out of your substantially over $100k pay packet.
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    The great Oz property crash of 2005.

    :confused: He's Gen Y. He needs the rest to spend on skinny shorts, and zanerobe t-shirts. Der.
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    The great Oz property crash of 2005.

    I'm not saying all Gen Y's are like that, but there is no question that todays generation (specifically 18-23 rather than older Gen Y's) are overall more self absorbed and ungrateful that any previous generation. And it's not merely a case of the usual old people getting older and chastising the...
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    The great Oz property crash of 2005.

    Gen X. You're 22 and earn $100k + and think you can't afford a PPOR? Typical (1988-1993) Gen Y point of view. What makes you think you should be able to at 22? Even at six figures you have to spend a few years saving. All you guys want is everything for nothing, right now. You know all...
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    The great Oz property crash of 2005.

    You just make yourself look like a tool with this comment. You know these "Awesome" investors who bought in 1990 or 1996 or 2000 or whatever? Do you think it was different to the situation you are now in? Do you think they didn't face the same risks back then that you are right now? You don't...
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    The great Oz property crash of 2005.

    Scott pape 2005: Market will crash now! Quick, get out! Common School of thought published in mainstream media 2007: Market will crash now! Har har har! Felixter 2007: Spent over $1m on property and realised pretty decent gains You do the maths;) Yes.
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    The great Oz property crash of 2005.

    I'll speak for many others here: 1. Because no one has said that in this thread 2. It's generally not the view of most posters here 3. I can't vouch for Bigtone but I have similar views. After 10+ years of successful investing I believe I qualify. Sounds like you have a grunge. Maybe you...
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    The great Oz property crash of 2005.

    Where did this come from? Scott Pape 2005: There will be an imminent bust! Back out now! Real Estate Market 2005-2007: good capital growth Somers Posters 2011: Scott Pape was wrong Belle 2011: I'm going to play devil's advocate and argue with these people And now you're implying that...
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    The great Oz property crash of 2005.

    It's out of context. Scott Pape claimed there was going to be an IMMINENT bust in 2005. He was wrong. So what does Mrs NoExperience do? Comes in and goes against the grain with generic information that we all know that really has nothing to do with the OP. Experienced investors haven't taken...
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    The great Oz property crash of 2005.

    What is it with the bottom end of Gen Y? It seems that 12 years of being told "wow, you guys are the first generation to go through your whole education with computers" has made you all arrogant know-alls. A tip: Intelligence doesn't peak at 19;) Not sure what made you come on here with...
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    The great Oz property crash of 2005.

    That's a mammoth wrong. "Get out now" means he expected an imminent crash. Bzzzzzt. Massive fail there Scotty boy. Like these doomsayers who dribble year in year out that there will be crash. One day they will be right. And on that day when they are saying "Har Har Har, I told you so" (with...
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    The great Oz property crash of 2005.

    Investment generally means stocks and property, and then some smaller concepts such debt reduction, saving, etc Australians are avid investors with property and stocks being very popular. Any person appearing regularly on TV needs to be an expert at both of these, or at the very least an...
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    The great Oz property crash of 2005.

    :confused: I've never heard him say anything that gives me the impression he knows anything about property investment. I wouldn't mind if he sourced information from people who are in the know but unfortunately he sources information from people who aren't really qualified. If he can't...
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