Opportunity -- Property -- After 20 yrs its here again

[aus_trader]

Yes I agree that is a strong possibility
Almost a certainty.
I personally am hoping I will get my 20%
Before the longer term plateau.
At sometime there will be inflation
At that time I’ll want some property

I agree in the short term at least with you. I believe property is in for a run up in the short term. I wouldn't be buying property related shares if I didn't believe so.
Just don't know how long the rally will last. Time will tell. If it turns out to be another 20 year bull market from here I'll be happy to stay out. It's not about being right or wrong but it's about making common sense decisions.
tech/a FYI, we are not all that different in the risk management side although the scale is different. You sold 10 in 06' and I sold my rental in the middle of GFC. Since then I've seen prices spiral out of control but I am at peace with myself for staying sensible. Will buy again at reasonable prices someday...

 

[tech/a]

20 and certainly 30 yrs will see me out
Time to spend on some selfish stuff!

 

[aus_trader]

It's good that you started this topic tech/a, good way to monitor the prices of various cities/towns and what the general mood of the market is.

 

[HelloU]

20 and certainly 30 yrs will see me out
Time to spend on some selfish stuff!

are u talking hips and knees?

 

[tech/a]

Yes knees investigating options going forward with specialist— not bone on bone

But more so using the funds accumulated for the pleasures in life we all work toward!

 

[sptrawler]

Yes knees investigating options going forward with specialist— not bone on bone

But more so using the funds accumulated for the pleasures in life we all work toward!

My situation exactly, two knees and right hip, one to go then it is a full house.

 

[tech/a]

Hips are evidently more successful than Knees.
2 Knee replacements absolutely destroyed my
Dads life. Never the same and eventually bed ridden.
Lots of mates have had hips and all ok.
Of the 6 I know who have had Knee replacements
only 1 is as good as a normal person. The others
wish they never did it!---Cant reverse it!

So looking at stem cell etc and prolonging while Im good
best option in my view 5-10 yrs is a lot in this field.

 

[sptrawler]

Hips are evidently more successful than Knees.
2 Knee replacements absolutely destroyed my
Dads life. Never the same and eventually bed ridden.
Lots of mates have had hips and all ok.
Of the 6 I know who have had Knee replacements
only 1 is as good as a normal person. The others
wish they never did it!---Cant reverse it!

So looking at stem cell etc and prolonging while Im good
best option in my view 5-10 yrs is a lot in this field.

The knees aren't as good as the originals, but at least you can walk. Before the replacements I could only walk about 300-500mtrs, then had to sit down due to the pain, now I can walk all day no problems. The only down side I have found is you can't kneel on them, so it is either lay down or sit down, to do jobs at that height, like some car jobs and jobs in kitchen cupboards etc. I had my first knee done 11 years ago, second 8 years ago, hip was done 5 years ago.
They stuffed up the hip, one leg slightly shorter than the other, so perpetual limp, no pain just a poxy limp.
With regard the operation, the knees are an 8 out of 10 for pain, the hip 3-4 out of 10.
It has been well worth doing, for quality of life, but if you are to get it done research your specialist. A good place to start is the therapy pool at the hospital, talk to people who have had it done, the surgeon is the key to a good result. IMO
With regard your Dad, it may be more about when he had it done, knee replacement prosthesis's improved hugely about 12-14years ago. They found a way to super harden the polyethylene rubbing block, between the metal joints, so they now last 25-35 years without problems, apparently well I certainly hope so.
A bit of topic, but it is an important decision, well worth discussing.

 

[aus_trader]

On the same topic hips/knees, does insurance cover any of the costs?

I didn't get what you guys were discussing initially but thanks for the explanations. These are realities of life. I've come across a few carpet layers in the building industry who used to go real hard at it with the knees and joked about needing to rake it in while they can since they'll need it later for knees.

 

[HelloU]

5 grand or so per eye as well

(is there any point talking breast implants at that age?)
(i trade ema crosses as entry ...... for another time perhaps)

 

[tech/a]

If you can prove it is job related then possibly.
I cant I ran Ultra Tri's when late 20s 30s and
been involved in Martial Arts again last 2 years
so getting thrown around doesn't help an old body.

But I love it.

 

[aus_trader]

If you can prove it is job related then possibly.
I cant I ran Ultra Tri's when late 20s 30s and
been involved in Martial Arts again last 2 years
so getting thrown around doesn't help an old body.

But I love it.

I see, the carpet layers got in early with private insurance as their premium rocketed if they waited. That explains it.

 

[sptrawler]

On the same topic hips/knees, does insurance cover any of the costs?
.

It was about $25k per joint at a private hospital, biggest cost the hospital, the surgeon and anaethetist about $3k each, from memory. I was about $3k out of pocket per joint.

 

[aus_trader]

it was about $25k per joint at a private hospital, biggest cost the hospital surgeon and anaethetist about $3k each, from memory. I was about $3k out of pocket per joint.

Thanks for the info sptrawler, mostly covered by insurance therefore.

 

[Mr Z]

Personal debt is sitting @ 125% of GDP, what could possibly go wrong?

 

[satanoperca]

Personal debt is sitting @ 125% of GDP, what could possibly go wrong?

1. People stop paying the debt
2. People stop taking on more debt

So, nothing can go wrong.

 

[aus_trader]

1. People stop paying the debt
2. People stop taking on more debt

So, nothing can go wrong.

No. 2 will certainly help but I think the situation can be contained as long as interest rates stay in this near zero environment.

 

[sptrawler]

No. 2 will certainly help but I think the situation can be contained as long as interest rates stay in this near zero environment.

I'm with you on that, from my immediate group of acquaintances which is a pretty broad spectrum, from glaziers, electricians, garbo's, library workers, small business owners, unemployed etc. I see most consolidating where they are financially, or where they want to be and working as quickly as possible toward it. Those who have investment property, are offloading, to concentrate on PPR, I think Labor scared the bejeezuz out of them.

So as you say, if the interest rates stay low, my guess is we will slide through this low, which I personally believe has bottomed.
Just my opinion.

 

[IFocus]

When extended debt is the fuel that runs the economy (US before GFC) then a reversion to the mean (often over shoots) is going to happen.

Accurate forecasts of this are really rare and eventually some doomsayer gets it right (they are only ever right once and wrong for the rest hence they make no returns).

Also normally the market weakens quite a bit but gets held up by punters as the professionals sell to them crying how its a great buying opportunity.

Until then party like its 1999.............with one finger of the sell button

 

[Mr Z]

No. 2 will certainly help but I think the situation can be contained as long as interest rates stay in this near zero environment.

Where is price growth going to come from then, if there is no marginally higher bidder? (aka financed)