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| Thread ID: 68452 | 2006-04-28 19:25:00 | Another example of Jafa stupidity? | JJJJJ (528) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 450384 | 2006-04-29 00:49:00 | Are all JAFA's stupid or just filthy rich? It's not stupid Jack, it is damned good business. That works out at $18 per day for secure, undercover and private central city parking, and if you rented a permanent carpark it would cost you a lot more than that. I looked at it from the perspective of pre-tax return on a conservative investment of $78,000. When the owner's need for the park is over, it might well end up as a profit earning asset. It could be re-rented at the going rate, which would be a lot more than $18 a day. It could also be sold to an apartment owner, again for a significant profit, or sold on the open market. That's how the risk-takers get richer, and the conservatives get greener. Cheers Billy 8-{) |
Billy T (70) | ||
| 450385 | 2006-04-29 01:13:00 | It all just shows what a mess Auckland's transport system is. I live in the wops wops now even though I used to live in Orcs and liked it but now I'm scared of Auckland traffic and then man trying to find a car park and then shelling out for it. I spent 20 bucks one day just running someone to the hospital. | mark c (247) | ||
| 450386 | 2006-04-29 01:49:00 | It's not stupid Jack, it is damned good business. That works out at $18 per day for secure, undercover and private central city parking, and if you rented a permanent carpark it would cost you a lot more than that. I looked at it from the perspective of pre-tax return on a conservative investment of $78,000. When the owner's need for the park is over, it might well end up as a profit earning asset. It could be re-rented at the going rate, which would be a lot more than $18 a day. It could also be sold to an apartment owner, again for a significant profit, or sold on the open market. That's how the risk-takers get richer, and the conservatives get greener. Cheers Billy 8-{) Well said Billy. Have you lived anywhere else other than Sulphurville? Doesn't appear like it. Let's remember that man is very self fish. We love money; we love making profits. If you look at this carpark purchase from an investors point of view, she will most likely make a profit when disposing of the asset later. You can't say that Aucklanders are dumb just because you may not have the patience to wait in traffic, or money to survive. Yes - I understand the air is cleaners and traffic is a heck of a lot better outside Auckland, but remember Auckland's economy makes up the majority of NZ's economy. When you want the economy to do well, you will always have to give up on things -opportunity cost. Given your assumptions, the majority of New Yorkers would be absolutely pig brains for buying tiny tiny apartments, with tiny tiny carparks for multimillion dollar prices. |
techie (7177) | ||
| 450387 | 2006-04-29 03:38:00 | In Auckland, $78,000 is a carpark. In Invercargill it's a home. There are no houses in Invercargill for $78000. Out in the wops a bit is another thing however.... |
pctek (84) | ||
| 450388 | 2006-04-29 05:01:00 | There are no houses in Invercargill for $78000. Out in the wops a bit is another thing however.... Really? Check out realenz.co.nz - there are a couple of houses for sale in Clifton at less than $70,000 each. |
andrew93 (249) | ||
| 450389 | 2006-04-29 08:09:00 | Really? Check out realenz.co.nz - there are a couple of houses for sale in Clifton at less than $70,000 each. No there isn't. There are 2 pokey little flats.... The main price for a decent, not falling down 3 bdrm HOUSE in Invercargill is over $100,000. I know, I looked at millions of them.... |
pctek (84) | ||
| 450390 | 2006-04-29 11:09:00 | Yep, sounds like a deal to me. it costs me $16-18 per day to park close to the Metro when I have to go into the orifice. that lady gets the added bonus of not worrying about getting her Lada dinged by some a**hole in a pimped up SUV that's too big to fit into the space beside. I prefer to work from home where the people are greener :) |
Shortcircuit (1666) | ||
| 450391 | 2006-04-29 21:06:00 | I prefer to work from home where the people are greener :)soylent green? | Greven (91) | ||
| 450392 | 2006-04-29 23:18:00 | Auckland?......hmmmm [looks at map] Oh yes I see it now, dont they get their roads paid for by Rural NZ? Shouldn't they be using a better public transport system so that there are less cars on the road?? would it be a good idea for all those people who live their life with these thoughts; "Let's remember that man is very self fish. We love money; we love making profits." stay inside a metropolis and never emerge, after all, the whole of NZ would collapse if they ceased their never-ending search for money. Orclanders have made their choice to live there, if one carpark is so important that it costs that much, then great! its a great reason for people who enjoy this country to stay out of there. I remember a visiting Orclander (they do escape occasionaly) was horrified that we can leave the keys in the car all day and leave the house unlocked. Its sad that in their stiving for money people lose their honour and neighbourhood unity. |
kwaka (10149) | ||
| 450393 | 2006-04-29 23:31:00 | Well said kwaka I think they've all gone off the rails myself. They live in fear and suspicion of one another and hide in gilded boxes gagging on gadegetry and indulgent luxuries to soothe their frayed nerves. What a waste. Anyway talking to some tourists in Bay of Island from Germany they said Auckland transport system is an international joke. |
mark c (247) | ||
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