More respect for landlords

[landllort]

Hello everyone, I have been reading your forums but am yet to post. I am passionate about property.

If you have put money down and bought land in this country then you OWN part of Australia. You have put your money on the line and put in the time and so should be more recognised in the community than those "citizens" that merely rent their way through their life.

This is why I think there should be extra status for landlords and you can have special titles after your name on legal documents to show how much of the coutry you own and how much say deserve in how the country is run. Those that don't buy into Australia get less say. What does anyone else think?

 

[Bandita]

Hello everyone, I have been reading your forums but am yet to post. I am passionate about property.

If you have put money down and bought land in this country then you OWN part of Australia. You have put your money on the line and put in the time and so should be more recognised in the community than those that merely rent their way through their life as citizens.

This is why I think there should be titles after your name on legal documents to show how much of the coutry you own and how much say you should have. What does anyone else think?

Hi landlort,

Welcome to the forum!

To be honest, I don't agree with your comments at all!! We both own properties and rent ourselves - but no matter what our situation, I would be extremely unhappy if ANY document (besides the request for a loan of course) declared what properties we owned - not only is it a magnet for the greedy (who may not understand 95% of the property value is debt!) it's an invasion of privacy, and totally ridiculous.

Sorry we disagree, but again, welcome!!

Cheers,
Jen

 

[skater]

I would have to agree with Jen on this one. I do agree that there should be more respect for landlords though, but I would be happier if they just abolished land tax, for example.

Guess I'm dreaming, huh?

 

[Simon]

I think we should all wear a blue hat.

 

[voigtstr]

Thematicly, I want to wear a white hat.

 

[kissfan]

This is why I think there should be extra status for landlords and you can have special titles after your name on legal documents to show how much of the coutry you own and how much say deserve in how the country is run.

Don't know about landlords, but I would imagine that the very wealthy ALREADY have influence.

Regards
Marty

 

[BoatBoy]

Thematicly, I want to wear a white hat.

They'll look nice with the white shoes.

Dave

 

[redwing]

Lets just revert back to our old dress code of days gone by;here's my mental picture

 

[voigtstr]

ah.. er.. white hat black hat thing was referencing good guys vs bad guys... where do the shoes come in?

 

[BoatBoy]

ah.. er.. white hat black hat thing was referencing good guys vs bad guys... where do the shoes come in?

Gold Coast Property Developers like Mike Gore(Sanctuary Cove) were often reffered to as the "White Shoe Brigade"

http://en.wikipedia.org/wiki/Joh_Bjelke-Petersen

"The development boom was particularly noticeable in the tourist area of the Gold Coast, where developers were vigorously encouraged in a heady entrepreneurial environment. Environmental restrictions on planning were virtually unknown and high-rise apartment blocks flourished in the once sleepy seaside towns. The Bjelke-Petersen government worked closely with a clique of influential property developers, known derisively as "the white shoe brigade", to construct resorts, hotels, a casino and a system of residential developments built beside canals dredged through wetlands on the Gold Coast."


Dave

 

[yo yo ma]

LL
What did you take last night that made you think of this brilliant idea?
Which title did you have in mind?
Steve

 

[twobobsworth]

Couldn't disagree more. You don't deserve respect simply because you have money or own assets. So some bum wins lotto and buys a stack of property now means he has a greater say in how things are run!!! That's scary.

 

[steveadl]

He's baiting you guys & gals.

 

[alexlee]

He's baiting you guys & gals.

Yes, I think so too. The market has a correction, the the 'I told you so' brigade multiply like germs and start escaping their little air-tight cannisters.

Real investors who are honest with themselves will always expect corrections and even crashes. Only the inexperienced or true gurus would actually expect to buy properties at 'cents in the dollar' as LL states in another post.

Of course, in their rather closed view of the world, desperately looking for vindication, they've decided that anyone who isn't predicting a crash must be expecting the good times to roll on forever.

It's impossible to convince extremists that a middle ground exists. Long term, gradual wealth building is based on this middle ground of boom/bust cycles. I certainly don't subscribe to paradigm shifts. I believe markets will crash but they will come back up again. As long as you can hold through the down periods (and, hopefully, even buy more) that's fine, which of course means you can't always keep your LVR at 105%. Some people hear 'gearing' and run away. Heck, oranges are healthy but eat too much and your nails turn orange.

Extremists will always make us out to be 105% LVR people teetering on the edge. Personally, I'm on 50% LVR overall. If it gets so bad that my loans get called in and I go bankrupt, the whole world is in a meltdown. In which case I really WILL be able to buy the properties back at cents in the dollar after my bankruptcy is discharged.

As the market continues to be frothy in the coming weeks or months or even years, you're going to see a lot of these 'I told you so' people coming out of the woodwork. Try to shut out the din and stick to your long term plans.
Alex

 

[Xenia]

Lets just revert back to our old dress code of days gone by;here's my mental picture

I don't think I could ever look like that even in the right outfit. Also, I am very anti-smoking

 

[wylie]

But I do have some nice pointy shoes

(And did anyone seriously think he/she was not baiting us?)

Wylie

 

[steveadl]

Very true Alex.

Option 1: Perpetually watching the markets go up and down, sitting quietly as the market booms, then yelling from the rooftops every time a down turn comes that the end is near. Never actually participating yourself whether it be from fear, or lack of knowledge and ability.

Option 2: As finances allow, you slowly accumulate an IP (& other investments) maybe once every year or two and slowly watch it rise over time so when you're 60, you have perhaps 10+ properties sitting there either giving you a nice income, or ready for you to sell for a nice lump sum (although I would'nt recommend the latter).

I know which one I prefer.

 

[chrispy]

I have the shoes but the "tash" would be a worry....

Although it is a bait its still made for good discussion.

Could be like the Frequent Flyer Program you get to print your name in different colours...bronze, silver, gold, platinum

Chris

 

[Timmy]

This is why I think there should be extra status for landlords and you can have special titles after your name on legal documents to show how much of the coutry you own and how much say deserve in how the country is run. Those that don't buy into Australia get less say. What does anyone else think?

Oh that's gold!

Love your work landllort, keep it up!


(Ironically, I think there'd be some forum members who would love to tell the world about their land ownership, judging by some of the conversation on this forum.)

 

[BoatBoy]

(Ironically, I think there'd be some forum members who would love to tell the world about their land ownership, judging by some of the conversation on this forum.)

I think the bank's own most of it Timmy, we just control it as best we can.

Should telling people about our successes (and failures) be something to be ashamed of, and if so, why?

After all it does lend credibility to comment's if you have an idea if someone has had a result in the market, or infact owns property , sorry, controls property at all.

Dave