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Perhaps it's in this fourth sense of the word that they named TIC? :D "The Investors Club" you with camaraderie then try and sell you over-priced property? :p

LMAO. I've been called a lot of things, but "highbrow" isn't one that's often come up! :D It's not a word I use often, but one of the many words that's been just sitting in my mental dictionary, waiting for an occasion to arise where it's exactly the right word, and - *pow* - out comes my...

Precisely. If it was made clear that it was a business offering a one-stop-shop for investors at a profit, I wouldn't be involved, but I wouldn't object to their existence. But their deliberate cultivation of an image as being some kind of great place where investors get together to help each...

Which bit is not true? Potential buyers don't reveal their financial position to TIC? :confused:

boomtown, may I respectfully suggest that this would be completely pointless? Firstly, everybody has different investment objectives, and a good investment for person A may not be a good investment for person B, and vice-versa. Secondly, even if there is such a thing as an objectively...

I hope you'll pardon my error, knowing that it comes from TIC's website: "Q: What does the Club get out of this? A: The maximum Club fee is 6% of the purchase price + GST." I acknowledge that this is a "maximum", but if they don't get this "mythical" 6%, why not cap fees at 4% or...

Hi Michael. I'd be one of the people you're referring to, so I'll answer. :) I see no contradiction. I do think real estate is very forgiving, and those people who buy through TIC may very well do OK or even well out of their investment; my problem with TIC is not related to the quality of...

You don't control these things, and I'm not attacking you personally. But the fact is that TIC goes to great lengths to create the impression that they're something other than what they are. I absolutely accept that, TurkeyBaster. I don't think you're unethical; I do think perhaps you've been...

TB, I think what offends some of us is that TIC try to make it sound like they're on the buyers' side of the financial transactions. The use of the word "club", for one, and the use of the word "support member" (which, if you're receiving a commission, is actually "salesperson who also gives...

Dazz has taken a break from SS for a while... so on his behalf, I can only say "Hah! 'Value-added services'! Is that what you call 'people from whom we obtain enormous kick-backs'!" ROTFLOL

I imagine you're right, though presumably TIC had valuations supporting the sales price, and/or the financiers valued it at purchase price. I'm just concerned that if such an action succeeded, it sets a dangerous precedent. Imagine then that your dear old Granny is selling her family home...

Amen to that! Our kids' school is doing their great annual project at the moment, where they run a "virtual economy", as the focus of their term's learning. They have to vote in a government. They float their currency and monitor how inflation happens. All the kids earn money by working in the...

Look, no doubt about it, I think Christine made a bad purchase. But what are you (LA Aussie/Marc, Dazzling/Darryl, boomtown/Tae) proposing either could or should be changed to prevent people making poor investment decisions? Do we only allow people to invest in property and/or shares if they...

I don't think it's that black and white. At the point that she was left holding the property, one could make a case for her position. But now that TIC have bought back the property at purchase price plus costs plus some, I think it's a bit rich to "maintain the rage". If she'd made a heap of...

I generally don't go for organisations like The Investors' Club, but Jenman's article sounds like an ad for them to me! The guy bought back an investment gone bad for $50K over market value and $19K more than Christine paid for it! I think that's amazing. Does Jenman believe that people have...