MICHAEL'S MARKET UPDATE |
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What it takes to join the ranks of the world's richest 1%
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I can see 2011 going down as a year that will be remembered for civil unrest.
It started with a street vendor setting fire to himself in Tunisia and moved on to civil unrest in a number of countries in the Middle East. Then there were riots in London and, more recently, protests around the world against the richest 1%.
The protesters say they are opposed to "the fundamental inequality in society - social, economic, ecological - and want to change the ways that our society is structured and run so that way, the vast majority of people - the 99% - have their interests accounted for, their voices heard, their needs represented."
As many of these protesters claim our society is run for and by "the 1%", I found it interesting to read an article explaining exactly what it takes to join this exclusive club in a recent copy of the Australian Financial Review.
And by the time I finish explaining how to join the ranks of world's richest 1%, you may find you're already in it. But I'm getting ahead of myself...
Read on to find out what it takes to be among the top 1% of rich people in the world...
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Property investment America's property markets are sinking - By Michael Yardney |
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I hope you're not thinking about investing in US property!
I find it interesting that there are still local promoters recommending buying US property at a time when the American property markets are sinking. Now I recognize that there is not one "US property market", but with news of more than 1 in 4 homeowners now 'underwater' and the rate of new foreclosures up to over 10% a month, I wouldn't be putting my money into US real estate.
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NSW property investors are set to enjoy rising rental returns as vacancy rates hit rock bottom lows and continuing demand puts upward pressure on rent prices. Read more | |
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One of the most disheartening prospects a home buyer faces is rejection. First there's the possibility that the offer they put in on their dream home or ideal investment might be declined and of course, even more soul destroying, the chance that the banks will leave them high and dry with no money to even make a deal in the first place. Read more | |
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| If you want a sure-fire way to succeed at negotiations - whether it's with your partner over who takes out the rubbish bins or for your next property purchase, then these 7 principles of negotiations will help you out. Read more |
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| In the fifth instalment of his series on property development Gavin Taylor, director of Metropole Projects, explains in detail how to secure funding for your project. Read more |
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SOME OF MICHAEL'S RECENT BLOGS YOU MUST READ |
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