Back again Gee Cee



From: Gee Cee Clay

Hi All.

Have not been on line for ages. Phone problems. Computer problems.Kids were sick then I was in hospital for a while. Been a shit of a few months.

So what's been happening? I had no internet access but faxed Freestylers about Big BBQ. Unfortunately got no reply so did not get to attend.

What are all the good deals everyone has been doing?

Gee Cee
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Reply: 1
From: Robert Forward

Good to see your back, not to good to hear you've been ill, plus the boys too.

Where are all the deals, well I'm going to sprout my last one.

9 month old 4 bedroom house, owners paid approx $200k to completely do the house and land package. Plus all the doodads, built in vacuum system, massive security system, reverse cycle air-con, 2 panic rooms fully laid out computer Lan with conxns in every room (except bathroom). They were desperate vendors, list price $248k my price $195k and will rent for $250pw. Not to bad of an equity gain there....


Get your Property Inspection Reports @
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Reply: 1.1
From: Denise Macadam

Hi Robert,
Nice deal, congrats.
I've got to ask "2 panic rooms"!!! now i am in a bit of a panic as i don't have any panic rooms!
Is this what comes in a $200,000 package these days?
What exactly is in these panic rooms?
and where is this house that it needs them? Very curious.

A nice find for you
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Panic Rooms

Reply: 1.1.1
From: Waverly Bay

"Whatever it does to the resale value of your property, a panic room brings its own risks. Mr Langton points to the case of the Monte Carlo-based banker Edmond Safra who withdrew to his safe room/bathroom during a fire but died from asphyxiation behind the giant steel door because it was not smoke-proof."

Rob - don't panic ! If we don't hear from you for a while....your newly acquired panic room will be the the first place we will check !

It's the perfect place to panic
(Filed: 27/04/2002 - Daily Telegraph UK)

YOU'RE woken up in the night by the sound of intruders or the smell of smoke: what do you do? Your natural inclination might be to get out as quickly as possible. But these days, if you're very wealthy, and perhaps a little paranoid, your reaction will be to disappear instead into your steel-lined cocoon and call for help from there.

"Panic rooms" have become increasingly popular among the super-rich in the United States - Madonna is believed to have installed one in each of her US homes and is rumoured to be considering kitting out her two British properties as well. The demand for "safety rooms", as they are more euphemistically known, has risen sharply since September 11 and a new film, Panic Room, which opens here on Friday, will bring this unusual security feature even greater publicity.

Directed by David Fincher, of Fight Club fame, the film stars Jodie Foster as an affluent New Yorker whose home is invaded by burglars. Immediately, she withdraws to her panic room with her daughter; from there she plays a game of cat-and-mouse with the three intruders, watching their movements on CCTV cameras, her connection with the outside world cut off by the invaders.
America has long had a tradition of self-sufficiency in the face of physical adversity such as earthquakes, hurricanes and tornadoes while fear of the Millennium Bug brought a new wave of hide-out and shelter building as fears arose about chaos and looting. But the events of last September and subsequent scares about germ warfare have fired concerns further. Sales of civilian spy-gear in the US shot up 60 per cent in the wake the World Trade Center attack.

In Britain, panic rooms are less common but there is currently a country property for sale with a fully equipped one, although, naturally enough, its vendors are wary of publicity.

"Homes with this feature have been coming up occasionally over the past five years or so," says London-based agent Simon Edwards. "The panic room is usually off the master bedroom. In one house I sold, it was disguised as a walk-in wardrobe, although it was completely steel-lined and had a direct phone line separate from the other lines."
In another property, a section of the house was protected by a roll-down, fortified shutter that could be lowered against intruders. "Very often people don't boast about them when selling because of what it suggests about crime in the area," says Mr Edwards.

Andrew Langton, managing director of Aylsford, believes that security is fast becoming the number one issue among wealthy buyers in London. "People are desperately concerned and crime is beginning to affect values, so anything that improves security will be welcome," he says.

"At one time, panic rooms were very rare this side of the Atlantic. Asil Nadir [the Turkish Cypriot fugitive businessman] had one on the second floor of his home in Knightsbridge, but now more people are deciding that if they can't make their homes burglar-proof, they can, at least, make a part of them secure."

Peter Stevenette, of DTZ Residential, who has sold houses in Mayfair, Kensington and Belgravia with panic rooms over the past few years, says: "You tend to find that people don't talk about them as they do other security matters. They often ask about the potential and then call in a specialist."
Californian expert Bill "Panic Room" Rigdon, whose clients include movie stars and chief executives, has installed a room for a Middle-Eastern businessman in London. For about £300,000, he provided surveillance equipment, air filtration systems and independent power supplies.

"One can be fashioned from an existing room in a typical home for about $5,000 [£3,600] or less. This would mean replacing the door to a bathroom closet with a metal, bullet-proof door, then mounting a locking mechanism such as a large dead bolt," he explains.

Whatever it does to the resale value of your property, a panic room brings its own risks. Mr Langton points to the case of the Monte Carlo-based banker Edmond Safra who withdrew to his safe room/bathroom during a fire but died from asphyxiation behind the giant steel door because it was not smoke-proof.

Panic Room director David Fincher told the Los Angeles Times about his own experiences. "In the early 1990s, I stayed in an apartment in London which had a panic room, and I proceeded to set the alarm off almost every two weeks," he recalled. "So I was instructed not to set the alarm, because I couldn't be trusted not to set it off, defeating the entire purpose."
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Reply: 1.1.2
From: Robert Forward

Hi Denise

I couldn't believe 2 panic rooms either. But the vendor works directly with an major international security company and he installed this massively expensive and sophisticated security system. This house has it's own UPS system to run the lights and security system during blackouts.

And it's not anywhere near a dodgy area either. I think they just had it installed cause they could. No other reason I could see.


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From: Jakk Bass - The SLUM LORD

G'Day all,

A Panic Room.......what a brilliant idea!!!
I've gotta get one, tis the solution I've been looking for to get away from the kids.

I'm on the phone now, gotta get it finished before the end of the school holidays, otherwise I'll go insane.

Jakk the Slum Lord.
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Reply: 2
From: Geoff Whitfield

Hi Gee Cee,

You were missed at the BBQ. Sorry you couldn't make it. I hope the damage from fighting the fires at Christmas didn't take their toll.

How's the market going in the Gong? The last time I remember, you were staying out. What's happened since then?
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Reply: 2.1
From: David Pallone

Gee Cee,

Im also from the Gong and have found the market to be extraodinary for around 18 months now.

Any ideas what the next 18 months might hold?
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