Fuckin' WERD!
Skrate up!

What would your new title be if you got rid of all of your jobs?  "Student of Life"?

My title would be "Asshole"

I thought your title IS asshole...

splitting hairs...

Both apply ...

I could handle being a student of life for six months or so...

I'm about close to fucked ....
... I WILL BE FUCKED in about a year with this healthcare shit

Go on.....


I can't wait to get health care!  It seems so exciting to be able to find out what that lingering pain is or why I get such bad panic attacks... or even maybe, just maybe, find out why my periods are two weeks long!

It'll never happen ...

true, but I'll make $15K per year for every property I can get on a yen loan. 2-3 of those and goodbye jobski

Got it

Congrats!

There's more to renting than that, but, you're on your way ...
(IE: It's actually almost twice that to "retire from your jobski")

Addendum for Dave - I own a block of 4 flats and another block of two (by own, I mean owe the bank 70% of the purchase price for). Both yield between 8-10% depending on what the rental market is like. Interest rates in NZ are 6-7% (I'm fixed at 6%). With management costs, taxes, the odd vacancy etc I might make 1% on a property if I'm lucky. Now I've just lowered my interest costs to 1.4% on one of the properties, the difference goes straight into my pocket. This led to a sense of happiness and opportunity. I'm waiting a little to switch my other property over because it's a hedge against FX risk but in the meantime the interest savings are going to pay it down. In the meantime I have offers on two other duplexes that I want to renovate, up the equity and flip to yen.

It's a long-term project, and the roadside is littered with two many burnt-out wrecks to rush this.

true, but I'll make $15K per year for every property I can get on a yen loan. 2-3 of those and goodbye jobski

Got it

Excellent, I'll be watching your progress with interest...

BTW, my own experment in this field comes off interest only in June, and the rate decends to 6%. That's an extra 400 South Pacific Peso's in my pocket each month.

I love student rentals.

I need to buy this building that has 6 apartments in it ...

So, NZ does not have investment loan deductions ?  or maybe it's linked to residency or something ?

hmm, if residency link... Is this why you wanted the yen swap ? if not, I understand the math of it. well, I understand it is math.

We do, but except for the rentals I don't have income in NZ. I can declare the income in japan and use depreciation here, also I can build up losses in nz to offset against future income tax.

I need to buy this building that has 6 apartments in it ...

Fucking wagon hoppers

It's just really cheap ...

And you don't have to pay healthcare

*sigh*

hehehehe

I'll take it!

Dave lives in an awesome part of JAX, it's just a pity the locals dont see it that way.

Right ...

is it on the way up or down?

Dude, the whole fucking country is on the way down. My house is about $45K underwater and still falling.

And everyone is assuming that people are going to work hard & pay their mortgages for another 10 years to make back all of that lost value.

Yeah well fuck that.

I'm watching land prices in NC, VA, and WV.  The end game of my 5 year plan is pretty much dropping out (Thrash was close, but Montana is too far away from my family & friends).

Yep ...