No more abbreviations

[woody]

From: Steve B


As I am still learning the I.P. business, I'm having a great deal of trouble working out everybody's abbreviations, EG,
O.P.T., L.M.I., P.P.R., L.O.C., P.P.O.R., L.M.A.O., F.M.V., ETC, ETC, ETC.
I hope I'm not the only one having trouble deciphering the above.
However, the more I read the more I'm learning, I already know of D.S.R.(DEBT SERVICE RATIO), L.V.R.(LOAN TO VALUE RATIO)
give me time I'm sure I'll get there.
Steve B.

 

[Alan H]

Reply: 1
From: Alan Hill


Hmmmmm......so what does that 'B' stand for Steve?

 

[Michael Croft]

A suggestion for Webmaster

Reply: 1.1
From: Michael Croft


Perhaps there could be a glossary of IP terms and abbreviations, perhaps in AM (aka Apprentice Millionaire).

Michael Croft

p.s. (aka post script) I would like to add LOMBARD to the list = lots of money but a real dickhead. I know quite a few of these -even been called one myself ;-)

 

[WebBoard]

Reply: 1.2
From: Simon St John


Hat off to Alan Hill!

 

[Les]

Reply: 1.2.1
From: Les .



G'day Steve,

Yeah - TLA's and FLA's can be a major PITA can't they ;^)

Regards,


Les


- "Eschew Obfuscation" - ;^)





Sorry - couldn't resist ...

If you really needed to know,

TLA = three letter acronyms (or twoLA's)

FLA = guess !!

PITA = Pain in the Anterior ;^)

 

[Jas]

RE: A suggestion for Webmaster

Reply: 1.1.1
From: Jas


> p.s. (aka post script) I would like to add LOMBARD to the list = lots
of
> money but a real dickhead. I know quite a few of these -even been
called
> one myself ;-)

PS to Michael's PS - If you included LOMBARD, you need to include NMBARD
- no money....

Jas

 

[GoAnna!]

Reply: 1.3
From: GoAnna !


Steve

IMHO whether you posted for IO or as a matter of P & I I think you have made a valid point. LOL

Sometimes I wonder if we are all speaking the same language.

According to my understanding here are some oft used abbreviations and their meanings.

OTP "Off the Planet"
B&H "Brisbane and Horsham"
IMHO "In my husband's opinion"
DIY "Do it yesterday"
LOL "Lots of loot"
DSR "Dead stinking rat"
LVR "Live vicious rat"
EARWIG "Effective asset reduction with idiot guarantor"

ACHU bless you

GoAnna !
"Obstacles are those frightful things you see when you take your eyes off your goal."
-Henry Ford

 

[Owen]

For the renovators...

Reply: 1.1.1.1
From: Owen .


...I'd like to add an abbreviation to watch out for that most tradesman use when quoting. It's the PAFOOMA method of quoting.

PAFOOMA = Pull A Figure Out Of My Ar**

Owen

"Gambling promises the poor what property performs for the rich – something for nothing"

 

[evensteven]

Reply: 1.3.1
From: Even Steven


I always thought the following:

IO - including outhouse
P&I - pissed and indecent
OTP - on top please
DSR - damn stupid ruling
CBA - can't bloody add
IP - in prison

 

[DaleGG]

Reply: 1.3.1.1
From: Dale Gatherum-Goss


Hi Steven!

I'm hopeful of "all of the above" after the pub crawl!!!

Have fun

Dale

 

[evensteven]

Reply: 1.3.1.1.1
From: Even Steven


Dale

Best of luck.

I think they even have internet access to this forum IP so no worries.

The pub crawl is in Sydney, isn't it?

 

[DaleGG]

Reply: 1.3.1.1.1.1
From: Dale Gatherum-Goss


Yup! It sure is and I'm booked on a flight to go. Who wouldn't???? It is not often that I get to go on an official binge AND claim the cost as a tax deduction!!!

I believe there is still room . . . .

Dale

 

[Jacque]

Reply: 1.3.1.1.1.1.1
From: J Parker


Ok Steve I'm willing to help you out with the following:

OPM: Other People's Money
LMI: Lenders Mortgage Insurance
PPR: Principal Place of Residence
PPOR: See above
LMAO: NO idea!
FMV: Have come across this one but can't remember what the hell it stands for....

Don't forget that not all of us on this forum know what they all stand for anyway. AS you can see, we like to have fun making up our own meanings! Happy investing!
Cheers, Jacque

 

[Owen]

Reply: 1.3.1.1.1.1.1.1
From: Owen .


FMV = Fair Market Value
LMAO = Laughed My Ar** Off



Owen

"Gambling promises the poor what property performs for the rich – something for nothing"

 

[evensteven]

Reply: 1.3.1.1.1.1.1.1.1
From: Even Steven


Thanks for that Jacque.
You do realise that I was joking though.

 

[Jacque]

Reply: 1.3.1.1.1.1.1.1.1.1
From: J Parker


Even, I was actually replying to the original Steve B... hope this clears up the confusion!
Cheers, Jacque

 

[woody]

Reply: 1.3.1.1.1.1.1.1.1.1.1
From: Steve B


Thanks everyone, I didn't think it would have such a response, but looking at some of the answers, I'm sure it made a lot of people laugh, including myself. you are all a great
bunch of people. And thanks for a serious side of it too Jacque.
Thanks again
Steve