Freeballinginawetsuit said:3. Accept when people are right, without your'e quick judgements. I added my advice on RIN to you previously. You wrote that off broadly.I do work for DOW & get products of RIN.As a business person I said DOW was solid and good for a quick 10% rebound. Dow has done that and I made a quick 10% off them. How much have you made off RIN?
Realist said:What amazes me is how many "rich" experts, and property owners we have from rural areas like Adelaide and WA here.
For christ sakes, the cost of living there is so low, houses have been so cheap in the recent past, there is nothing to spend your money on, it is piss easy to setup a business and live a comfortable life. And it's just had the biggest housing boom possibly ever.
You probably think everyone who rents apartments in a big city is poor. Ahahahahaaaa.
It is like some cow cocky from Dubbo going to Japan and telling a wealthy Japanese businessman who rents a tiny apartment in Tokyo that he owns 2 houses and 100 acres of land in Australia. And the Japanese businessman should buy houses as an investment cause they go up in value.
Laughable...
Realist said:What amazes me is how many "rich" experts, and property owners we have from rural areas like Adelaide and WA here.
For christ sakes, the cost of living there is so low, houses have been so cheap in the recent past, there is nothing to spend your money on, it is piss easy to setup a business and live a comfortable life. And it's just had the biggest housing boom possibly ever.
You probably think everyone who rents apartments in a big city is poor. Ahahahahaaaa.
It is like some cow cocky from Dubbo going to Japan and telling a wealthy Japanese businessman who rents a tiny apartment in Tokyo that he owns 2 houses and 100 acres of land in Australia. And the Japanese businessman should buy houses as an investment cause they go up in value.
Laughable...
juddy said:Oh Realist, you really have set yourself up for it with some of those statements.
professor_frink said:Interesting comment Realist.
So you'd never take any advice from anyone who doesn't live in a big city because they are just a fool from the country, with no idea about wealth creation?
We own properties in Englands second largest city.Realist said:If they moved to Tokyo, London, New York, or even Sydney for a long period of time they'd know the reality of how well you have to run your finances to just survive, let alone get ahead.
Freeballinginawetsuit said:3. Accept when people are right, without your'e quick judgements. I added my advice on RIN to you previously. You wrote that off broadly.I do work for DOW & get products of RIN.As a business person I said DOW was solid and good for a quick 10% rebound. Dow has done that and I made a quick 10% off them. How much have you made off RIN?
Realist said:The Oracle of Omaha is certainly someone I'd listen to.
But he does not harp on about being a property developer, or how someone who rents an apartment is poor does he?
Infact he drives an old car, lives in a small house, himself. He looks, and lives a pretty poor lifestyle himself actually.
Freeballinginawetsuit said:West Oz resources are supporting the country at the moment also Realist, so W.A. does its bit for the country. If we went it on our own you might see the Real estate in Sydney go down, Your employer go under, your landlord default on his loan. You wouldn't be in control of your own destiny then.
Thank you professor..nice postprofessor_frink said:...or buy up a couple of properties because the housing market was starting to take off a couple of years ago, then they are to be commended.
As long as they can keep the wealth they've made, then they have done well. It doesn't mean they are inferior to someone who lives on the lower north shore.
professor_frink said:I wasn't just talking about property. You seem to be dismissive of people in smaller cities/towns in general. The fact that someone lives in Perth or Adelaide doesn't mean that they don't know what they are talking about. If someone had the foresight to start up a business that is successful, or buy up a couple of properties because the housing market was starting to take off a couple of years ago, then they are to be commended.
As long as they can keep the wealth they've made, then they have done well. It doesn't mean they are inferior to someone who lives on the lower north shore.
Realist said:I gotta go back to this one. I find it quite amusing.
So you work for DOW, and get products off RIN?? And own a lifeguard leasing place or something?
Why on earth would that help you know anything about either of their shares?
Seriously, would you take advice on buying WOW shares from a checkout chick?
RIN is a better investment than DOW. I bought RIN and it has since gone up 7% now, because staright after I bought it Australia's largest super investor Perpetual bought $130,000,000 RIN shares late last week. They seem confident in it would you not say?
Should I listen to someone who buys some cement or Australia's largest investor, or do my own research? I did the latter as always.
You are starting to worry me now, big time.
Realist said:I am dismissive of property investors from small towns yes. I totally agree!!
Certainly not of share investors though. Alot of the greats were from small towns. And I have nothing agaisnt small towns at all.
Freeballinginawetsuit said:DOW do work for Iluka, they stuffed up a quote with them and their bottom line got hammered. I do work at Iluka at Eneabba mine, on behalf of DOW and for ILU,
As a business owner I realize that sometimes you make a mis quote, I actually think DOW is a good business and their drop in SP was a bit harsh.
On the other hand RIN is in a rapidly decreasing market, housing as this thread is all about. If you don't understand my reasoning well thats fine, but its quite logical Realist.
professor_frink said:Well good luck with that attitude Realist! One day when you get out of Sydney for awhile, you may actually realise that there are some people doing pretty well in smaller cities, and yes, some of them will build their wealth via property.
I'll remember not to tell you when I've bought my first investment property- I could do without the grief from the slick, city investor
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?