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Corporate Vultures Preying On Stressed Homeowners (Read 7055 times)
imcrookonit
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Corporate Vultures Preying On Stressed Homeowners
Jan 12th, 2011 at 6:33pm
 
   * Stresed borrowers are being pressured to sell at undervalued prices  Sad
   * People who have been approached are urged to call the ACCC
   * ACCC would look to seek an injunction to stop unfair sales

CORPORATE vultures preying on mortgage-stressed homeowners have been threatened with legal action by the Australian Competition and Consumer Commission (ACCC).

ACCC chairman Graeme Samuel warned yesterday he would use the Trade Practices Act to prosecute entrepreneurial predators, who pressure families to sell their homes at vastly undervalued prices.

The rise of a new type of entrepreneur, offering online quotes and quick money to homeowners who are behind on their repayments, if they bypass real estate agents and accept a deal to sell within days.  Sad

Mr Samuel said he was concerned at the emergence of opportunists, who were using the Internet and posters taped to light poles to tout for business from distressed owners.   Sad



He urged people who had been approached to contact the ACCC, so it could take action.

"These operators are akin to some well-known operators in the securities market,'' Mr Samuel said.

"The courts have found that when dealing with consumers under stress, people who take advantage of this unfairly are potentially in breach (of the Act).

"The law would permit us to take injunctions to prevent unfair sales.''

The ACCC will today launch a new section on it website, called managing your mortgage, offering advice to people experiencing mortgage stress or who are struggling to meet their mortgage repayments.

Mr Samuel said it was vital for people in financial difficulties to seek help early and know their rights.   Wink

The ACCC began investigating the activities of property predators after concerned western Sydney residents approached Assistant Treasurer Chris Bowen and Blaxland MP Jason Clare.

"Homeowners ... need to be aware of superficially attractive `quick-sell' techniques of certain home-buying companies, as well as offers to refinance a loan that may leave a family even worse off than before,'' Mr Bowen said.

Home repossessions in Sydney have more than doubled in three years.   Shocked


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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #1 - Jan 12th, 2011 at 9:27pm
 
Quote:
    * Stresed borrowers are being pressured to sell at undervalued prices  Sad
    * People who have been approached are urged to call the ACCC
    * ACCC would look to seek an injunction to stop unfair sales

CORPORATE vultures preying on mortgage-stressed homeowners have been threatened with legal action by the Australian Competition and Consumer Commission (ACCC).

ACCC chairman Graeme Samuel warned yesterday he would use the Trade Practices Act to prosecute entrepreneurial predators, who pressure families to sell their homes at vastly undervalued prices.

The rise of a new type of entrepreneur, offering online quotes and quick money to homeowners who are behind on their repayments, if they bypass real estate agents and accept a deal to sell within days.  Sad

Mr Samuel said he was concerned at the emergence of opportunists, who were using the Internet and posters taped to light poles to tout for business from distressed owners.   Sad



sounds like the sort of thing verge would do Wink
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #2 - Jan 12th, 2011 at 9:46pm
 
Why do you care nail, you are the one saying real estate is a horrible investment?
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #3 - Jan 12th, 2011 at 10:50pm
 
Verge wrote on Jan 12th, 2011 at 9:46pm:
Why do you care nail, you are the one saying real estate is a horrible investment?


Correction !! the people involved in it are horrible Sad
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #4 - Jan 13th, 2011 at 7:16am
 
and as usual, toenail misses the point. it is about REAL predators - not the ones YOU accuse (which is everybody more successful than you - most people)
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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #5 - Jan 13th, 2011 at 1:20pm
 
longweekend58 wrote on Jan 13th, 2011 at 7:16am:
and as usual, toenail misses the point. it is about REAL predators - not the ones YOU accuse (which is everybody more successful than you - most people)


I thought all real estate agents were predators peddling their lies and deceit Sad

Hey what's happened to the property hot spots and the record median house prices that were always a big feature in the weekend Herald Sun ?? They've gone quiet on that front all of a sudden. Things can change very quickly in the property markets Wink One minute it's "get in quick before you miss out" the next minute it's all quiet on the western front waiting for the next interest rate rise Smiley LOL

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #6 - Jan 13th, 2011 at 7:04pm
 
Sir lastnail wrote on Jan 12th, 2011 at 10:50pm:
Verge wrote on Jan 12th, 2011 at 9:46pm:
Why do you care nail, you are the one saying real estate is a horrible investment?


Correction !! the people involved in it are horrible Sad


You are the one who has said you have no sympathy for people who paid far too much for their properties.

Desperate people do desperate things.

This isnt a scam by the way.  A person offers a price, another accepts it.  Those in mortgage stress didnt have to accept the offer now did they.
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #7 - Jan 13th, 2011 at 10:38pm
 
Verge wrote on Jan 13th, 2011 at 7:04pm:
Sir lastnail wrote on Jan 12th, 2011 at 10:50pm:
Verge wrote on Jan 12th, 2011 at 9:46pm:
Why do you care nail, you are the one saying real estate is a horrible investment?


Correction !! the people involved in it are horrible Sad


You are the one who has said you have no sympathy for people who paid far too much for their properties.

Desperate people do desperate things.

This isnt a scam by the way.  A person offers a price, another accepts it.  Those in mortgage stress didnt have to accept the offer now did they.


well the ACCC thinks it's a scam but of course you can't see the scam.





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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #8 - Jan 14th, 2011 at 1:00am
 
If the Royal Commission was onto the Building Industry a while back ...I'm pretty sure their 'partner's in crime' - the Real Estate Industry was just as bad.
I think there is only 10% "trustworthy" Real Estate Agents out there.

...I'm so glad I live in a Garage (unless Work gives me one of their "free" houses on the property Wink Smiley)
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SUCKING ON MY TITTIES, LIKE I KNOW YOU WANT TO.
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #9 - Jan 14th, 2011 at 11:19am
 
Sir lastnail wrote on Jan 13th, 2011 at 10:38pm:
Verge wrote on Jan 13th, 2011 at 7:04pm:
Sir lastnail wrote on Jan 12th, 2011 at 10:50pm:
Verge wrote on Jan 12th, 2011 at 9:46pm:
Why do you care nail, you are the one saying real estate is a horrible investment?


Correction !! the people involved in it are horrible Sad


You are the one who has said you have no sympathy for people who paid far too much for their properties.

Desperate people do desperate things.

This isnt a scam by the way.  A person offers a price, another accepts it.  Those in mortgage stress didnt have to accept the offer now did they.


well the ACCC thinks it's a scam but of course you can't see the scam.

It is predatory in nature, but not a scam.

Its not much different to when businesses hear another is in trouble, then use it as a chance to profit from it.

At least you dont have to worry about it nail, since you dont own any.
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #10 - Jan 14th, 2011 at 11:58am
 
Verge wrote on Jan 14th, 2011 at 11:19am:
Sir lastnail wrote on Jan 13th, 2011 at 10:38pm:
Verge wrote on Jan 13th, 2011 at 7:04pm:
Sir lastnail wrote on Jan 12th, 2011 at 10:50pm:
Verge wrote on Jan 12th, 2011 at 9:46pm:
Why do you care nail, you are the one saying real estate is a horrible investment?


Correction !! the people involved in it are horrible Sad


You are the one who has said you have no sympathy for people who paid far too much for their properties.

Desperate people do desperate things.

This isnt a scam by the way.  A person offers a price, another accepts it.  Those in mortgage stress didnt have to accept the offer now did they.


well the ACCC thinks it's a scam but of course you can't see the scam.

It is predatory in nature, but not a scam.

Its not much different to when businesses hear another is in trouble, then use it as a chance to profit from it.

At least you dont have to worry about it nail, since you dont own any.


We're not talking about businesses mate. We're talking about silly people who got sucked into this property bubble because you and rest of the real estate scum went crying to the government to dole out bigger first home buyers scams in order suck people like this in. Now that they can't pay it off you want to steal from them the second time around Sad Is this your idea of a wealth creation strategy ?? I can just see another book being written about it now. "10 easy steps to an early retirement" - stitch up the punters and then rip them off Sad
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #11 - Jan 14th, 2011 at 7:23pm
 
Sir lastnail wrote on Jan 14th, 2011 at 11:58am:
Verge wrote on Jan 14th, 2011 at 11:19am:
Sir lastnail wrote on Jan 13th, 2011 at 10:38pm:
Verge wrote on Jan 13th, 2011 at 7:04pm:
Sir lastnail wrote on Jan 12th, 2011 at 10:50pm:
Verge wrote on Jan 12th, 2011 at 9:46pm:
Why do you care nail, you are the one saying real estate is a horrible investment?


Correction !! the people involved in it are horrible Sad


You are the one who has said you have no sympathy for people who paid far too much for their properties.

Desperate people do desperate things.

This isnt a scam by the way.  A person offers a price, another accepts it.  Those in mortgage stress didnt have to accept the offer now did they.


well the ACCC thinks it's a scam but of course you can't see the scam.

It is predatory in nature, but not a scam.

Its not much different to when businesses hear another is in trouble, then use it as a chance to profit from it.

At least you dont have to worry about it nail, since you dont own any.


We're not talking about businesses mate. We're talking about silly people who got sucked into this property bubble because you and rest of the real estate scum went crying to the government to dole out bigger first home buyers scams in order suck people like this in. Now that they can't pay it off you want to steal from them the second time around Sad Is this your idea of a wealth creation strategy ?? I can just see another book being written about it now. "10 easy steps to an early retirement" - stitch up the punters and then rip them off Sad


Wow, do you drink often.

I havent scammed anyone, didnt lobby anyone, and didnt force anyone to buy anything.  I have made clever decisions by not over capitalising and spending huge amount of my own personal time in renovating and improving that property.  I took a "renovators delight" and turned it into a "fully renovated" place.

These people are in a desperate place, and desperate people make desperate decisions.  As is the case with everything, one persons misery is another persons pot of gold.  Why do you think so many people got rich out of the great depression.

You are the first person to attack someone for paying too much for real estate, then you attack other people for buying it back at lower prices.

Would you rather the bubble be inflated longer again so those that did pay too much could be shielded.

Hypocrite much?
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #12 - Jan 14th, 2011 at 10:34pm
 
Verge wrote on Jan 14th, 2011 at 7:23pm:
Wow, do you drink often.

I havent scammed anyone, didnt lobby anyone, and didnt force anyone to buy anything.  I have made clever decisions by not over capitalising and spending huge amount of my own personal time in renovating and improving that property.  I took a "renovators delight" and turned it into a "fully renovated" place.

These people are in a desperate place, and desperate people make desperate decisions.  As is the case with everything, one persons misery is another persons pot of gold.  Why do you think so many people got rich out of the great depression.

You are the first person to attack someone for paying too much for real estate, then you attack other people for buying it back at lower prices.

Would you rather the bubble be inflated longer again so those that did pay too much could be shielded.

Hypocrite much?


That makes you a parasite.

When the bubble was being inflated out of all proportions how many of you property scumbags profited from the bad advice given by the likes of the realestate institute of victoria who egged prospective first home buyers to buy straight away or miss out on the great property boom of the century ??

Now that the bubble is deflating and you have made a quick buck you are now blaming the very people that you ripped off for making bad financial decisions, when what you should have been telling them all along was that Australia was no less vulnerable to a property crash than other countries that had already experience major property crashes or corrections. 

That's why you property speculators and investors are hypocritical scum bags Sad Next time use your own money to dole out first home buyers scams instead of running to the government like crying little girls just like your grizzling libbo mate Gerry GE.
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #13 - Jan 15th, 2011 at 11:49am
 
Sir lastnail wrote on Jan 14th, 2011 at 10:34pm:
Verge wrote on Jan 14th, 2011 at 7:23pm:
Wow, do you drink often.

I havent scammed anyone, didnt lobby anyone, and didnt force anyone to buy anything.  I have made clever decisions by not over capitalising and spending huge amount of my own personal time in renovating and improving that property.  I took a "renovators delight" and turned it into a "fully renovated" place.

These people are in a desperate place, and desperate people make desperate decisions.  As is the case with everything, one persons misery is another persons pot of gold.  Why do you think so many people got rich out of the great depression.

You are the first person to attack someone for paying too much for real estate, then you attack other people for buying it back at lower prices.

Would you rather the bubble be inflated longer again so those that did pay too much could be shielded.

Hypocrite much?


That makes you a parasite.

When the bubble was being inflated out of all proportions how many of you property scumbags profited from the bad advice given by the likes of the realestate institute of victoria who egged prospective first home buyers to buy straight away or miss out on the great property boom of the century ??

Now that the bubble is deflating and you have made a quick buck you are now blaming the very people that you ripped off for making bad financial decisions, when what you should have been telling them all along was that Australia was no less vulnerable to a property crash than other countries that had already experience major property crashes or corrections.  

That's why you property speculators and investors are hypocritical scum bags Sad Next time use your own money to dole out first home buyers scams instead of running to the government like crying little girls just like your grizzling libbo mate Gerry GE.


if you follow toe-nails 'logic' EVERYONE is a predator for either buying or selling. all because hang-nail doesnt have the courage to enter the housing market.
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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #14 - Jan 15th, 2011 at 12:30pm
 
Courage?! More like he doesn't have the money to do so. The banks won't give the Nail a loan. All he can declare for his assets are a stack of stained pornographic magazines and his IBM 386 which he uses to access the internet and this forum.
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #15 - Jan 15th, 2011 at 12:32pm
 
Quote:
   
The rise of a new type of entrepreneur, offering online quotes and quick money to homeowners who are behind on their repayments, if they bypass real estate agents and accept a deal to sell within days.  Sad


There is a similar scam involved with shares where holders are encouraged to sell their shares for less than they are worth for the prospect of immediate cash.

This presents an interesting moral dilemma. Just because someone is naive, less financially smart or perhaps just caught at a vulnerable time in their lives is it considered acceptable to take advantage of this and make a profit from them? 
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The Right Wing only believe in free speech when they agree with what is being said.
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #16 - Jan 15th, 2011 at 3:24pm
 
JC Denton wrote on Jan 15th, 2011 at 12:30pm:
Courage?! More like he doesn't have the money to do so. The banks won't give the Nail a loan. All he can declare for his assets are a stack of stained pornographic magazines and his IBM 386 which he uses to access the internet and this forum.


Sounds about right. cant buy a house on welfare or income from selling petrol at a servo.
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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #17 - Jan 15th, 2011 at 5:21pm
 
Sir lastnail wrote on Jan 14th, 2011 at 10:34pm:
Verge wrote on Jan 14th, 2011 at 7:23pm:
Wow, do you drink often.

I havent scammed anyone, didnt lobby anyone, and didnt force anyone to buy anything.  I have made clever decisions by not over capitalising and spending huge amount of my own personal time in renovating and improving that property.  I took a "renovators delight" and turned it into a "fully renovated" place.

These people are in a desperate place, and desperate people make desperate decisions.  As is the case with everything, one persons misery is another persons pot of gold.  Why do you think so many people got rich out of the great depression.

You are the first person to attack someone for paying too much for real estate, then you attack other people for buying it back at lower prices.

Would you rather the bubble be inflated longer again so those that did pay too much could be shielded.

Hypocrite much?


That makes you a parasite.

When the bubble was being inflated out of all proportions how many of you property scumbags profited from the bad advice given by the likes of the realestate institute of victoria who egged prospective first home buyers to buy straight away or miss out on the great property boom of the century ??

Now that the bubble is deflating and you have made a quick buck you are now blaming the very people that you ripped off for making bad financial decisions, when what you should have been telling them all along was that Australia was no less vulnerable to a property crash than other countries that had already experience major property crashes or corrections.  

That's why you property speculators and investors are hypocritical scum bags Sad Next time use your own money to dole out first home buyers scams instead of running to the government like crying little girls just like your grizzling libbo mate Gerry GE.


Not one of my houses was bought as a speculation.  We bought it, lived in it, looked after and improved it, then moved onto our next one.

Its the great Australian dream to own your own peice of dirt, and my wife and I love being home owners.

Are you claiming anyone who owns a home is a parasite?  Or just me because you dont like me, however I have always lived in my homes long term?

If you had a wife and children, you would know how nice it is to come home to your own home, a home created by us for us.

I dont give two craps about real estate as a whole, my repayments are easily met by my salary and we are very comfortable.  I have bought homes to make a killing, I have bought them to live in.
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #18 - Jan 15th, 2011 at 5:34pm
 
Verge wrote on Jan 15th, 2011 at 5:21pm:
Not one of my houses was bought as a speculation.  We bought it, lived in it, looked after and improved it, then moved onto our next one.

Its the great Australian dream to own your own peice of dirt, and my wife and I love being home owners.

Are you claiming anyone who owns a home is a parasite?  Or just me because you dont like me, however I have always lived in my homes long term?

If you had a wife and children, you would know how nice it is to come home to your own home, a home created by us for us.

I dont give two craps about real estate as a whole, my repayments are easily met by my salary and we are very comfortable.  I have bought homes to make a killing, I have bought them to live in.


You're the parasite boasting about your 400% capital gain. You are obviously in it to make money out of gullible people otherwise you would be just content with the first home you ever bought. There is a word for what you do, It is called flipping and the the corrupt taxation system here encourages it when it comes to property.  Don't make out like your the battlers friend because every post you have ever made here makes you anything but the battlers friend !!
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #19 - Jan 15th, 2011 at 5:37pm
 
What's the problem?

My parents have properties in Australia, all paid for by the rent of overseas students mainly and it has played a huge role in the lifestyle they now enjoy as retirees.

It's a great way to make money.

Buy property, get capital gains from the increasing value and lease them out to people who need them.

All good with me. I am looking at buying an apartment near Monash Uni for students to rent, ideally Asian ones.
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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #20 - Jan 15th, 2011 at 5:47pm
 
Sir lastnail wrote on Jan 15th, 2011 at 5:34pm:
Verge wrote on Jan 15th, 2011 at 5:21pm:
Not one of my houses was bought as a speculation.  We bought it, lived in it, looked after and improved it, then moved onto our next one.

Its the great Australian dream to own your own peice of dirt, and my wife and I love being home owners.

Are you claiming anyone who owns a home is a parasite?  Or just me because you dont like me, however I have always lived in my homes long term?

If you had a wife and children, you would know how nice it is to come home to your own home, a home created by us for us.

I dont give two craps about real estate as a whole, my repayments are easily met by my salary and we are very comfortable.  I have bought homes to make a killing, I have bought them to live in.


You're the parasite boasting about your 400% capital gain. You are obviously in it to make money out of gullible people otherwise you would be just content with the first home you ever bought. There is a word for what you do, It is called flipping and the the corrupt taxation system here encourages it when it comes to property.  Don't make out like your the battlers friend because every post you have ever made here makes you anything but the battlers friend !!


everytime you post you tell everyone how much of a failure your life has been and how poor you are. then you complain about anyone with the get-up-and-go to make a good life for themselves. You are truly a...

LOSERNAIL
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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #21 - Jan 15th, 2011 at 5:53pm
 
Andrei.Hicks wrote on Jan 15th, 2011 at 5:37pm:
What's the problem?

My parents have properties in Australia, all paid for by the rent of overseas students mainly and it has played a huge role in the lifestyle they now enjoy as retirees.

It's a great way to make money.

Buy property, get capital gains from the increasing value and lease them out to people who need them.

All good with me. I am looking at buying an apartment near Monash Uni for students to rent, ideally Asian ones.


you don't even own a house walter mitty. you don't even have a job.

everyone knows that you are on the dole and still living in australia in a dos house with a whole lot of other ex cons.

what you know about the oil industry that you claim that you are part of could be written on the end of a thimble.
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« Last Edit: Jan 15th, 2011 at 6:00pm by Sir lastnail »  

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #22 - Jan 15th, 2011 at 5:57pm
 
longweekend58 wrote on Jan 15th, 2011 at 5:47pm:
everytime you post you tell everyone how much of a failure your life has been and how poor you are. then you complain about anyone with the get-up-and-go to make a good life for themselves. You are truly a...

LOSERNAIL


You don't own anything either and you probably run courses for dole recipients on how to deal with center link Smiley

Your so called science degree is just fake and all of the other claims that you keep making about yourself cannot be substantiated.

This forum is a magnet for wannabe liberal supporters who like to pretend that they are successful in life but are just down and outers with a chip on their shoulders.
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #23 - Jan 15th, 2011 at 6:06pm
 
Nail - Loser Longweekend is probably living in a state house
& his V8 is an old rusty Ford that was left outside Sims Metal for melting down.
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Verge
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #24 - Jan 15th, 2011 at 9:48pm
 
Sir lastnail wrote on Jan 15th, 2011 at 5:34pm:
Verge wrote on Jan 15th, 2011 at 5:21pm:
Not one of my houses was bought as a speculation.  We bought it, lived in it, looked after and improved it, then moved onto our next one.

Its the great Australian dream to own your own peice of dirt, and my wife and I love being home owners.

Are you claiming anyone who owns a home is a parasite?  Or just me because you dont like me, however I have always lived in my homes long term?

If you had a wife and children, you would know how nice it is to come home to your own home, a home created by us for us.

I dont give two craps about real estate as a whole, my repayments are easily met by my salary and we are very comfortable.  I have bought homes to make a killing, I have bought them to live in.


You're the parasite boasting about your 400% capital gain. You are obviously in it to make money out of gullible people otherwise you would be just content with the first home you ever bought. There is a word for what you do, It is called flipping and the the corrupt taxation system here encourages it when it comes to property.  Don't make out like your the battlers friend because every post you have ever made here makes you anything but the battlers friend !!


The 400% capital gain was a wonderful by product of 7 years of hard work.  The next house was bought 65kms away, so no, its not just as simple as flipping.  The next house was larger, newer, and required less work.

Thats what people do, they upgrade, and when you move for work its just a case of doing what you have to do.

You are just dark you have no family, no assets, no sense of community and are jealous how others have been fortunate to make decisions that are driven by those factors that also had a financial reward as well.
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And why not, if you will permit me; why shouldn’t I, if you will permit me; spend my first week as prime minister, should that happen, on this, on your, country - Abbott with the Garma People Aug 13
 
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Sir lastnail
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #25 - Jan 15th, 2011 at 11:55pm
 
Bobby. wrote on Jan 15th, 2011 at 6:06pm:
Nail - Loser Longweekend is probably living in a state house
& his V8 is an old rusty Ford that was left outside Sims Metal for melting down.


I've seen his house out in the outback. It's an old fibro house and it has a broken roof and sinking foundations. he uses an old bicycle frame to stop the floor from collapsing. Yes it was badweekends house alright. it had no proper driveway and fence and there was an old ford rust bucket on the front lawn. It was all rusty and had FTV written on it using a paint brush Wink LOL

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Sir lastnail
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #26 - Jan 15th, 2011 at 11:59pm
 
Verge wrote on Jan 15th, 2011 at 9:48pm:
The 400% capital gain was a wonderful by product of 7 years of hard work.  The next house was bought 65kms away, so no, its not just as simple as flipping.  The next house was larger, newer, and required less work.

Thats what people do, they upgrade, and when you move for work its just a case of doing what you have to do.

You are just dark you have no family, no assets, no sense of community and are jealous how others have been fortunate to make decisions that are driven by those factors that also had a financial reward as well.


Most battlers are just happy owning one house. Where are the tax concessions for them ??

And why should a living quarters be treated as a commodity and traded around by the likes of greedy people like you ??

And what do you know about my family ? What's with this family thing that you keep parroting on about ? Have I met you before ? I don't believe I have so shut the FU then Sad
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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whatsforme
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #27 - Jan 16th, 2011 at 6:05am
 
Nails parents.

Looks like they were twins.

[url][/url]
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nails_parents.jpg (51 KB | 54 )
nails_parents.jpg
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #28 - Jan 16th, 2011 at 12:21pm
 
Sir lastnail wrote on Jan 15th, 2011 at 11:59pm:
Verge wrote on Jan 15th, 2011 at 9:48pm:
The 400% capital gain was a wonderful by product of 7 years of hard work.  The next house was bought 65kms away, so no, its not just as simple as flipping.  The next house was larger, newer, and required less work.

Thats what people do, they upgrade, and when you move for work its just a case of doing what you have to do.

You are just dark you have no family, no assets, no sense of community and are jealous how others have been fortunate to make decisions that are driven by those factors that also had a financial reward as well.


Most battlers are just happy owning one house. Where are the tax concessions for them ??

And why should a living quarters be treated as a commodity and traded around by the likes of greedy people like you ??

And what do you know about my family ? What's with this family thing that you keep parroting on about ? Have I met you before ? I don't believe I have so shut the FU then Sad


Thats garbabge, the average home turnover is something like 8 years, I sold mine in seven to move for work purposes.

Make the home a taxable commodity if you like, however it will have a backlash you wont like.  As is the case with the tax law, for an item to be taxable, all outgoings associated with earning that taxable income are deductible against the profit.

So, considering many home loans can take up to 30 years to pay off, and in many occassions the interest can be double the price of the home, you will be giving plenty of people that lovely negative gearing you hate so much.
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And why not, if you will permit me; why shouldn’t I, if you will permit me; spend my first week as prime minister, should that happen, on this, on your, country - Abbott with the Garma People Aug 13
 
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Re: Corporate Vultures Preying On Stressed Homeowners
Reply #29 - Jan 16th, 2011 at 6:19pm
 
Verge wrote on Jan 16th, 2011 at 12:21pm:
Thats garbabge, the average home turnover is something like 8 years, I sold mine in seven to move for work purposes.

Make the home a taxable commodity if you like, however it will have a backlash you wont like.  As is the case with the tax law, for an item to be taxable, all outgoings associated with earning that taxable income are deductible against the profit.

So, considering many home loans can take up to 30 years to pay off, and in many occassions the interest can be double the price of the home, you will be giving plenty of people that lovely negative gearing you hate so much.


They are taking 30 years to pay off because the bubble has inflated the house price to wage ratio to 9 times instead of a normal ratio of 3 !! The solution is to stop inflating the bubble by discouraging speculators and hoarders and instead give proper incentives to encourage first home buyers instead of incentives to fuel a property bubble Sad
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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