Sunday, April 19, 2015

Thursday, April 16, 2015

Have you?

So who has been a naughty naughty boy….has it been you?
http://www.abc.net.au/news/2015-04-16/property-price-surge-generating-policymaker-headaches/6398384

I think this one will go down in the books like Buffett’s “Only when the tide goes out do you discover who’s been swimming naked”.

Remember folks……capital growth doesn’t service debt……only rental yields can do that.

Sunday, April 12, 2015

Africa

2 Guys In A Pizza Shop Perform The Best Cover of 'Africa' by Toto You've Probably Ever Heard

Read more: http://www.ktrh.com/onair/michael-berry-13986/2-guys-in-a-pizza-shop-12046680/#ixzz3X4Nh5pD5

I was ready to go meh and move on.....its just plain awesome, bet you watch it until the end.


Thursday, April 09, 2015

#CitizenFour

#NowWatching #CitizenFour been putting it off for the last week and has been sitting on the hard drive glaring it at me, 20 minutes in been swearing at the tv pretty much every few minutes.

Hey Obama hope and change my ass. I can't believe no one is in jail from this.


BTW one of the best Snowden articles I've read on Snowden - http://www.vanityfair.com/news/politics/2014/05/edward-snowden-politics-interview

Aero Snap using windows key + arrows

Wow I didn't know this before

Windows-Arrow Keys: Aero Snap
Type Windows-Left Arrow and the active application will shift to fill the left half of the screen. Windows-Right sends it to the right, Windows-Down places it in the middle of the screen, and Windows-Up maximises. It’s a really handy option when you want multiple application windows neatly arranged (such as copying information from a web page into a spreadsheet or document).

More located here
- http://www.lifehacker.com.au/2012/06/the-10-most-useful-windows-7-keyboard-shortcuts/

Wednesday, April 08, 2015

Tuesday, April 07, 2015

Australian governments now want a "land tax" to fill their coffers

In response to.....
http://www.smh.com.au/comment/land-tax-often-overlooked-in-the-tax-debate-20150407-1mfro2.html


Jessica Irvine​

You are either...
1/ a short sighted renter
2/ a paid mouthpiece
3/ or a terrible economist.

I'm leaning towards all three as you are clueless when you say land tax isn't movable - of course it is, people will choose to sell and purchase other investments (eg equities....oh look a bubble over there now).

Capital is always moveable.

As for "its ok will only apply to the investors" how do you figure that....it will only get added to rents and drive up living costs.

Better to stick with the current system which discourages speculation with its "front end transaction costs" than to allow the governments hand in your pocket each and every year with a "land tax".

Considering how the Australian federal and state governments are encouraging rampant inflation in housing costs....saying that they now want to implement a broad based land tax is pure hypocrisy.

When are people going to finally learn that inflation is government theft, pure and simple. To understand that is to understand why governments are acting in this irresponsible manner.

I suggest you cover items other than finance (or spend some time educating yourself in the basics).


Cheers,
Dean

Monday, April 06, 2015

April 7th interest rate cut?

Nuts if they do - http://www.abc.net.au/news/2015-04-06/interest-rates-reserve-bank-expected-cut-again/6372374

Love how politicians wring their hands saying property prices are going too high.....but then drop interest rates.

http://www.abc.net.au/news/2015-04-06/interest-rates-reserve-bank-expected-cut-again/6372374

Tuesday, March 31, 2015

Pacman in central park

Pacman in central park.....never realized how much fun pacman with curves could be
http://www.buzzfeed.com/davidmack/waka-waka?bffb&utm_term=4ldqpgp#.dkQaEY86Z

'Pacman in central park.....never realized how much fun pacman with curves could be

http://www.buzzfeed.com/davidmack/waka-waka?bffb&utm_term=4ldqpgp#.dkQaEY86Z'

Sydney Auction results

I think I've moved to the other side side about investment properties after this weekend, not for price crash reasons but for rent serviceability reasons.....

WeekEnding150329ACRTable1

This weekends auction results for Sydney were 84.8% of 1330.

Which means if recent finance reports of 42% of loans being investment properties means that there were 450 investment properties purchased on Saturday.

Now for the million dollar question…….how many of them were making more than 3% rent before costs (or delivering better than break even after council/strata fees + mgt fees + insur + int)

Repeat after me……Capital Gains are great….but they don’t service the mortgage.

Rents service the mortgage…..if rents don’t go up….prices cant continue going up.

They cant continue like this.....can they?