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  1. S

    Steve Keen's apartment +25% since he sold

    And my point is that you would need to be a pretty crappy investor to get excited about 25% cumulative over 3 years during a recovery phase. You use this specific location to demonstrate your point but refuse to accept the possibility that any other specific investment is valid. Using any broad...
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    Steve Keen's apartment +25% since he sold

    Are you seriously trying to tell me your super has lost money since late '08 (Bet you can't prove any truth in that one!) or are you picking one particular quarter? But as I said, believe as you will. I believe Keen did OK.
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    Steve Keen's apartment +25% since he sold

    That's WRONG and you know it. The ASX has done well since Oct '08, when Keen sold his unit, which is the time period being discussed on this thread. 3,500 to 4,750 isn't too shabby.
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    Steve Keen's apartment +25% since he sold

    Clearly a faulty memory. Believe what you will. Yes this is a property forum and this thread is putting chit on someone for missing the "magnificent" return of 25% cumulative over 3 years. In comparison to that the "motza" is relevant Anecdotal evidence is absolute fact. It SHOULD be...
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    Steve Keen's apartment +25% since he sold

    Why would anyone's opinion re Surry Hills offend anyone even more sensitive than I? I couldn't give a rat's bum about actual prices or opinions about where they're going. All I know is that I've done a whole lot better than 25% cumulative on the stock market since '08. Keen's timing was OK.
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    Steve Keen's apartment +25% since he sold

    The Sunfish ignore list is very short. In fact Belbo holds pride of place. just another wrong assumption tcocaro. Why is it anecdotal evidence of great returns ("forget the overall, I'm making a motza in XYZ" stuff) is great but a simple statement of fact is to be derided? don't you guys see...
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    Steve Keen's apartment +25% since he sold

    Interesting argument about "median". The whole "property doubles every 7 years" is based on median. I have mentioned this many times but as there are always new members I'll retell the story: I bought my first house in '68. I had never heard the term but it was probably above median. I...
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    Steve Keen's apartment +25% since he sold

    "The nasty things that you think are coming always take longer to arrive than you think they will, but once they get here, they make up for their tardiness by being worse than you thought they'd be." -Richard Maybury
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    Steve Keen's apartment +25% since he sold

    No argument from me. I've spent more time studying stock market form than most here and I'm still (nervously) invested but my BIL asked about shares recently and I said to forget it. Serious investors should be looking towards return OF capital more than return ON capital. It is worthwhile...
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    Steve Keen's apartment +25% since he sold

    In Oct '08 the AllOrds was around 2650. Today it is 4750. Selling a property then and investing the proceeds on the ASX would have been a good call. Has anyone had the courtesy of asking Mr Keen how his investments have gone? Let's play "Spot the goose"!!!!!!
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    Steve Keen's apartment +25% since he sold

    You're not replying to me are you Belbo? Having you on ignore means I don't have the pleasure of reading either your insights OR your abuse. LOL
  12. S

    Steve Keen's apartment +25% since he sold

    OK. The general area has risen 25% in 3 years. (reportedly) That's < 8% pa. He would have barely broken even on any borrowings and any cash out would have doubled if invested in resource stocks. (after Mar '08) Meantime he is not vulnerable to "shock" and prolly renting at a price which would...
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    Steve Keen's apartment +25% since he sold

    So much for professional confidentially. :eek: :eek: :eek: Would you do business with this man?
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