What ever happened to inspired conversation ...

mystery

mystery

Is it just me or is the SS forum being taken over by a group who can't wait for property prices around the country to plummet. I see a topic on the forum that might be interesting and then find it highjacked by the "doom-n-gloomers" group who make me want to cry into my cup of tea and curl up in the corner in a depressed heap.

What ever happened to positive reinforcement of ideas and posts that inspire us to see greater opportunities and success in our lives, ..... I firmly believe that "we attract what we fear", so the "doom-n-gloomers" are in for a torrid time based on that. ... :p

This forum used to have thread topics that gave us ideas and discussed topics and locations of genuine interest in a positive manner on how to develop our skills as property investors, but these days it seems to be losing it's appeal and that is a tragedy.

Okay I can understand discussion on possibilities of a slowing market, but geez guy's ..... what if your prophecy of a property market slowdown with 40% plummet in house prices that has been discussed to death doesn't occur? ... If we accept that their is always risk attached to investment, but hopefully with many hours of research and DD we can put the odds in our favour, then surely this business is worth pursuing with passion.

Okay ... that's all from me, .. I just felt compelled to chuck in my two bob's worth.

Martin .... :D
 
Opposing points of view are good if they are backed up with more than just a "the end is coming" cry. I've said it before, but I really do hope that new people starting to look into property investing as an option are'nt scared off by these people.

When someone is told that buying an investment property that costs them at the start about $30-40pw is pure specualtion and not investing as 'investments don't make losses,' and that property is overvalued and will be crashing 30% any year now - I believe it's a very sad state.

Martin, all you can do is continue making money like you have been, but beware, any day now - every house price in Australia will drop dramatically over night and you'll be forced to sell everything! You've been warned! :p
 
Hey Martin ... well said !

We will not let these doomsday prophets get to us.

Was just reading Harris' thread on his purchase in Franga North ... so inspiring. Have you heard the recording from the SIG held on Monday ?
Check it out .... tremendous.

So while being realistic, if we ignore these doomsday prophets and keep our focus, we will emerge winners.

Keep the faith !
 
mystery said:
Okay I can understand discussion on possibilities of a slowing market, but geez guy's .....
Click to expand...
Good question....

Most people can usually think up a few reasons not to invest (or do anything that requires effort). The media are always willing to feed us opinion based on a subsection of facts. The Demographia survey recently mentioned is presumably based on facts. However, it's a small subsection of all the available facts. If everyone used only those facts, then no-one would be buying property in those 'unaffordable' areas. There are many other facts available which show completely different viewpoints. To base an investment strategy on such a small subset of data is unbalanced and niave.

90% of the potentially bad stuff never actually happens - but the bears like to tell us that it might happen, or after the event that we were lucky it didn't happen.

The truth is that if there was a perfect investment (or time to invest) then EVERYONE would be doing it & it would quickly be priced appropriately. There are always downsides to everything - each individual needs to create their own reality based on their view of the facts.


Regarding IP - it's those that take ANY action that ultimately succeed, rather than those who only try to take the PERFECT action.
 
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debate is good , it makes you think.

if everyone just keeps patting each other on the back you can become a bit blind to the real world.

why are they here - maybe they want to be convinced about PI , and are just not getting the guarantees they are looking for

nobody walks into a furniture shop unless they want to buy furniture , but plenty walk in and say there is nothing here for me

the debate that goes on in here only confirms to me that i am on the right track , and everyone is entitled to an opinion

history needs to totally rewrite itself for me to be wrong
 
Noted that the membership of the forum has dramatically changed in the last few months. I think we got a wave of new members jumping ship from another forum that ran a different style.

I could be wrong?;)

I also think we may have lost some seasoned posters???:(

MJK:D
 
There IS no guarantee. People who own property understand that. We take the risk of losses.

Thinking about when I first started buying, the market didn't LOOK very good. It was only good in retrospect. No risk, no return.
Alex
 
Hi all. Thought I'd throw a comment into the fray ...

I've only been viewing/posting on the forum for the last few weeks, but in that time I have been astonished at the level of support displayed by forum members. Yes, there are a couple who are antagonistic in their approach, but that's not such a bad thing ... gives food for thought and helps to firm up opinions on matters I didn't even know I had an opinion on!

Things might have soured a bit on the forum recently (or so some of you have mentioned in another thread), but this is still a huge step above the negative comments and naysaying I've received from outside the forum ...

DJ
 
Hi. My first post to this forum. First a bit of background. I have invested across a variety of asset classes over the years, including property, and have done very well out of it.

In the past I've been very bullish about property returns and my investments have reflected that. Personally, I am now somewhat bearish about short-term and medium-term prospects, so I won't be buying in that time frame as I believe other asset classes are relatively underpriced in comparison (why would I buy an asset class that I believe to be overpriced when I can buy one that I believe is underpriced?) - nevertheless will hold what I have. I may be wrong and miss out on a large CG, but I won't lose any sleep over it because I believe my strategy is sound.

I frequently lurk on this site and others, including those aligned to other forms of investment as well as those aligned to a more bearish view. I'm firmly of the opinion that in order to form my own view it's important to consider different perspectives. I believe that I profit from the fact that I know more about what drives the markets I'm investing in than the average investor - particularly those that only seek opinions affirming their own view.

So my perspective is that this kind of contribution is healthy - it gives food for thought to challenge different views as long as it doesn't resort to petty mudslinging. In my experience, investors seek out ways to justify their investment decisions - smarter investors seek out ways to challenge their thinking and in doing so look beyond their own personal biases to form a reasoned opinion.

Whilst my views are short-mid bearish on residential property, I respect others who have a well reasoned view for believing otherwise. I have little respect for either perma-bull or perma-bear sheeple who simply parrot their tired philosophies without due consideration for market conditions - after all, every bull will one day be a bear and vice versa. There are plenty out there who simply don't believe it (in EVERY market) - I make a lot of money from people like that. So I like them, I just don't respect them...
 
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apparently, there are signs all around the world of a property slow down...people think that if it happens in US, it will happen everywhere :confused:

I don't really have time to think that far ahead. With the interest rate rise recently, you would expect a slow down but that's not what's happening on the ground here...Bris has been breaking records in the past mth alone. Infcat, this year is one of the best for CG so far and it's not even the end of the year yet. I just wished I had 20 IPs to take advantage of this boom.....

People who has not bought since end of last year or start of this year anticipating a crash has to pay a lot more now.
 
I'm particulary sensitive to what ChartTV refers to as housing cowards.

I try not to waste time but now and then take the bait when they pop up here, though often regret doing so, guess I see this forum as worth a bit of time defending.
 
MJK said:
Noted that the membership of the forum has dramatically changed in the last few months. I think we got a wave of new members jumping ship from another forum that ran a different style.
Click to expand...

That might be it, eg. the PI.com mob posting over here :eek: :eek: !

And nice post Gremlin.

GSJ
 
mystery said:
Is it just me or is the SS forum being taken over by a group who can't wait for property prices around the country to plummet. I see a topic on the forum that might be interesting and then find it highjacked by the "doom-n-gloomers" group who make me want to cry into my cup of tea and curl up in the corner in a depressed heap.

What ever happened to positive reinforcement of ideas and posts that inspire us to see greater opportunities and success in our lives, ..... I firmly believe that "we attract what we fear", so the "doom-n-gloomers" are in for a torrid time based on that. ... :p
Click to expand...

It would inspire me, and, I think, earn greater respect in our commonwealth, if members of this forum helped each other find ways to reduce the cost of housing or increase the quality of housing or housing services for the populous.

At present, this forum seems to be a communion of self centred rentier capitalists.

I have no particular problem with investors acting in enlightened self interest but I do think it reasonable to take a dim view of investing when it is merely self serving.
 
Nullagine

On what do you base your statement?

Are you a property investor?

Why did you join this forum?

I will be interested in your replies, I am hoping it can make for a reasonable debate

Chris
 
Nullagine said:
It would inspire me, and, I think, earn greater respect in our commonwealth, if members of this forum helped each other find ways to reduce the cost of housing or increase the quality of housing or housing services for the populous.

At present, this forum seems to be a communion of self centred rentier capitalists.

I have no particular problem with investors acting in enlightened self interest but I do think it reasonable to take a dim view of investing when it is merely self serving.
Click to expand...
Start a housing affordability forum and we will come visit you, and this forum can stay a property investing forum.
 
Rentier capitalist's.. lol.. thank god for Wikipedia

Lenin and Marx and Che might look cool on your t-shirt on campus, but I'm yet to meet someone who has experienced socialism and it's ideals first hand (you know.. 3 families living in the same flat type reality) use it's ideology to speak down to other people.

Guess I'm labelling Nulla the same way he labels people others on here perhaps.. unfairly!?
 
Nullagine,

Thanks for that. Seems much easier on the ears than any other expressions I've heard lately..............;)


Rentier capitalism is a term used in Marxism and sociology which refers to a type of capitalism where a large amount of profit-income generated takes the form of property income, received as interest, rents, or capital gains.

So how exactly are Marx, Lenin and their form of socialism getting on these days???.............C'mon enlighten us man.......you seem to know everything.

What a joke that rubbish turned out to be.

You want to live in an Animal Farm, by all means be my guest.

Love to write more, but I think the cats litter needs changing.

ciao

Nor
 

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