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Eskie you proved you can't spell, that your a fiscal pygmy and that your total asset base wouldn't fit in a thimble. I have consigned your babblings my ignore basket. Have a nice life on the old age pension;)

You mean fool's gold, namely Pyrite and Chalcopyrite. The current so called property boom:rolleyes: is at the bottom end of the property market and is artifically fueled by the first home owners grant. Pyrite has a pale yellow colour that is often mistaken for gold by the inexperienced (hence...

You haven't answered my question. In your thimble full of investment experience you would deem someone who has a commercial tennant in Collins street not a real property investor ? Prey tell eskie we have gathered around to partake in recieving some of your pearls of wisdom on property investing...

Eski Thanks for clearing up that misconception I had about you mate.:p It must be terrible carrying such a heavy chip on your shoulder. I don't have any loose money because any I carry with me is in my wallet. Tell me eski how many shoe boxes out back of bourke do you have mortgaged to the...

Essance; I'll give the benifit of the doubt and assume you think we are resi investors because you have not gone back and looked at a lot of my posts. Most of what we invest in is commercial property also in Brighton. So if I was investing in commercial properties in Collins street...

Brighton, Toorak Valcluse are price leaders with big numbers. Fifty percent of a national mean of say $350,000 is $175,000, some will be more some will be less but it still adds up to 50%:cool:

In 1996 the median residential house price in Brighton Victoria was around $350,000. In 2007 at the top of the market it reached 1.8 million. Today it is 1.4 million and sinking. By 2009/2010 it will be $900,000.

Don't worry about me keith the harder it gets the stronger we are. We just went through (Wednesday) hell and back with a commercial tenant at mediation and came out on top. Last night we were at council fending of another tenant in an adjacent building that is a mirror image. They are trying...

Hi Mike glad you liked that one. I posted another one about the three little bears and the big bad wolf a number of months ago. I'm challenged with the digital age so far I can't figure out how to repost it.

Its not that simple because we have an insolvent world banking system that is going to destabilize the entire financial system...humpty dumpty sat on the wall, humpty dumpty had a great fall. All the kings horses and all the kings men couldn't put humpty together again:o

Bluey way back when you said that hell would freeze over before the ASX fell below 4000 when I foretold an ASX at 3500 you cried uncle. I also was abused by you and the blue sky brigade about my term of a soft depression and reserve interest rates going down to 2% when mortgage rates were up...

Keith holding cash in an inflationary period has always been recognized as a losing proposition. We haven't lived through a deflationary period in your and my living memory. And the world situation now is even more complex but even though I think the value of property will drop, as long as your...

Chilli Warren Buffett through Berkshire Hathaway controls a huge number of companies. How many companies do you control Chilli? Do you have any assets that are not accessable to your creditors or is your posterior waving in the wind ready for someone to kick:D I can see I have got...

What your post demonstrates is that you are not an investor, like 80% of the population you cannot decipher a balance sheet, your assets are managed by managers who are nothing more than employees. You don't hold your poorly managed assets in trusts because like 98% of the population you will...

Keith for some time now on this board I have been cast as a nutter for calling a soft depression and now we have the IMF admitting what has been bleeding obvious for at least six months. The truth is since seeing Kevin 7 coming out of a meeting looking like a rabbit in front of headlights at the...

Without giving too much personal detail away our business even in a depression would survive though with deflation would mean a significant drop in income. We have prepared for that by my wife going back to work part time that could be full time in a safe government job. I thought my...

Our business feeds us, clothes us, pays for the kids education, pays the rent, funds our holidays and in the past has provided us with the deposits for the investment properties. The investment properties are where all our savings are through a diversified holding of properties with a bias with...

No Keith we wouldn't sell unless we had a better asset to exchange for it. The aussie dollar like most fiat currencies is worthless. At least with land, it doesn't disappear unlike the share market script that you can no longer use as toilet paper since the CHESS system was introduced. I...

Irrational valuations Think about it Keith in a world depression do you really believe that any asset class is going to be immune to irrational valuations?

Hi; Keith if I am like a religious zealot then the blue sky brigade on this board are the Sodom and Gomorrah crowd in the Jewish biblical sense, not the homophobic Christian sense. The Jews believed God destroyed Sodom in Rabbinic writtings because the Sodomites committed economic crimes as...