Freeballinginawetsuit said:Well if you are in Wandina you know that their are areas of Gero that don't look like Rangeway Utakarra etc,.Realist already thinks West Oz is a two head location, don't fuel his fire with posts of a humpy looking joint.
Freeballinginawetsuit said:Bloks such as these were 58k 2.5 years ago in Gero, West Oz. They are now 300k.
It is absolutely unrealistic to assume they will crash 300%. Realist?
Wayne one of my land investments is on Barret Drive, (The one with the Cement retaining blocks at the Road edge).
Sure Sydney may have Mortgagee sales, but you cannot deny that many West Oz property punters are way ahead on gains.
Buying sound real estate is much like buying a fundamentally sound stock at a basement SP.
Bargain buy for 58k,considering the views just as ZFX was a bargain buy at $4, all the analysts were calling it overpriced then and how wrong were they.
wayneL said:What say you with Crude @ $200 bbl and base metals at 60% of current prices?
This aeroplane was flying at 5000 feet an hour ago. An hour before that it was on the ground. Now it's at 30,000 feet so there's no chance of it coming back down...Freeballinginawetsuit said:Bloks such as these were 58k 2.5 years ago in Gero, West Oz. They are now 300k.
It is absolutely unrealistic to assume they will crash 300%. Realist?
Smurf1976 said:This aeroplane was flying at 5000 feet an hour ago. An hour before that it was on the ground. Now it's at 30,000 feet so there's no chance of it coming back down...
Unless the engine just dies without warning. When that happens, any sort of controlled landing that doesn't end in a fireball suddenly becomes rather attractive. That it's the middle of nowhere and a bit inconvenient suddenly ceases to matter.
Now, if our economic / credit growth engine should sputter...
wayneL said:Freeball
Have you ever lived in Geraldton? How long have you been associated with Geraldton?
Freeballinginawetsuit said:I live in Sorrento in Perth.
Invested in Gero cause it was undervalued and had potential, Beaches,Views, redevelopment of marina foreshore, good facilities etc. Used to pass through it on my way to Kalbarri ( you must agree Kalbarri is pristine Wayne).
I also have family there (Big Sis & Nieces Nephews), they own the 2 story joint adjacent to the Surf Club Park.
juddy said:wow, a blast from the past here. I worked real estate in Gero in the mid to late nineties. Here's a few I remember: such as blocks in Utakarra and Karloo for sale at the 6-8k mark and having no chance in hell of turning them over. I sold the house I was renting for the owner in Bosley Street, Sunset for 98K (80m from the Caravan park and beach). Half an acre with a 2x1 in Beresford (potentially beautiful views of Champion Bay from a second storey) for 34k. A number of 5 acre blocks on the eastern side of Chapman road (just before Drummond's) for 22k each. Boy was the market dead then, especially after they canned Oakajee and Kingstream went under.
No offence Freeball, but you do sound like someone who has only experienced extremely bullish markets. Just take care when Wayne and his ilk come visiting and remember the good times don't last forever and what seem like bargains in a bull market are usually overpriced or unsaleable in a bear.
The point is quite simply that the recent past offers no useful indication of what happens next.Freeballinginawetsuit said:Whats your point?.
Maybe your talking about a shares SP in a specky company, or are you really using this analogy on a fundamentally sound company such as ZFX,KZL,MRE in a resource boom, if thats the case then your missing out!. The proof is in the profit made on these Smurf.
Or are you talking about land with ocean views in a booming regional hub town with great weather, beaches and facilities with the state gov spending over 300 mil last year in!.
My anology is that if you treat property investment with the same entry stratagies of sound company stocks you are laughing.
As with life,relationships,business's,athletes,property,shares etc, Effort put in is Rewards gained.
Negativity and looking at worst case scenarious will get you nowhere, just another number with the masses.
You only get one swing at the stick, why not give it the biggest swing you have. The achievers in the world are the ones that give it a go, with sound understanding of risks but still go hard.
juddy said:...and speaking of Utakarra. I always did the home-opens for the female reps out there.
Freeballinginawetsuit said:Personally I would only invest in Qantus. They have good fundamentals as an airline.
Take off,fly and land, but never crash!, fundamentally a good stock.
lol.
Freeballinginawetsuit said:I would say that is a very bullish stance, are you really a bull Wayne?
dubiousinfo said:Qantas has in fact had a plane crash. The often quoted statistic that they have never had a crash is incorrect.
As for the share price, who knows, aviation is a very risky business to be in.
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