Deatac

Gambling is fun!

[Deatac @DeatacD]

@TMFScottP probably rents will go up because they usually do, probably prices will go down because of interest rates, immigration and general unaffordabilty issues, and both will be blamed on this budget by whoever it suits to lay blame, even though the actual effect will be minimal

[Deatac @DeatacD]

@MattBrady1980 @Hareeba @J_Walter23 can't happen, but there could be tiered taxes applied to yearling sales from young sires to make it less attractive, while also helping fund the industry

[Deatac @DeatacD]

@blake_shinn I think it might be the only way to save the horse racing ecosystem.....however it would require a monumental amount of rationalisation and unification of governing bodies, rating systems, race scheduling, probably totes and race clubs and more, politically not going to happen!

[Deatac @DeatacD]

@john_c0nner @bowtiedstocks @ozols_aldis But if you want to live in a 2 million dollar house, you can decide whether to buy it or rent it.

[Deatac @DeatacD]

@joshem27 @ShowerCapAM @bowtiedstocks 50k for a roof is 2k per year, now add flooring, painting, kitchens/bathrooms,etc which all need to be replaced far more regularly than every 25 years to maintain desirability, and 1% becomes low

[Deatac @DeatacD]

@bowtiedstocks it seems people don't understand the nuance that two things can be true at the same time....owning property is a good idea, but buying at today's price is very likely a poor investment

[Deatac @DeatacD]

@RacingPedigrees @todd_blum7 I travel all over to see my horses race, but a horse can't even pay its way running places in the city with every horse I've seen costing $60k+ pa, I feel the system is broken and is very vulnerable to an economic downturn

[Deatac @DeatacD]

@bowtiedstocks @hamptonism hearing noticeable dropoff in enquiry with the unexpected rate increases, prices in SE Qld are impossible to justify and the optimal time to sell is passing

[Deatac @DeatacD]

@bowtiedstocks @hamptonism it's starting to look shaky already, the property market moves in slow motion but all the interest rate and petrol talk is starting to move the needle

[Deatac @DeatacD]

@TrevDonaldson results were looking shaky when I checked early on...do you think this is this related to the quality/number of stock on offer, or recent changes in general economic conditions?

[Deatac @DeatacD]

@bruceaslade @HillnDaleFarm @TaylorMadeSales @keeneland ....and as with buying lots of things like property or even thoroughbred yearlings, you probably get better value the further up the value chain you go, because it becomes more niche product with fewer potential buyers in competition.

[Deatac @DeatacD]

@bruceaslade @HillnDaleFarm @TaylorMadeSales @keeneland Given that owners of racing stock consistently lose vast amounts of money, yet major breeding operations often race horses too, I'm assuming the value of standing sires is underappreciated, otherwise they'd go out of business very quickly.....

[Deatac @DeatacD]

@hmmm1nteresting @bowtiedstocks so many stories...it's a highly underappreciated stimulant of the economy!

[Deatac @DeatacD]

@PeterLawrence18 Well my horse was scratched because the risk of injury was too high and the track was so fast it was advantageous to lead, so smaller fields with less winning chances might make the favourite a better bet, but doesn't sound like a good long term strategy

[Deatac @DeatacD]

@TMFScottP @mwfowlie I'm not following exactly what he said, but I feel like every valuable employee I've ever met behaves this way? Thousands, if not millions of similar decisions are made on a daily basis all over the world, aren't they?

[Deatac @DeatacD]

@TMFScottP @RemingtonS49278 Elasticity reduced but not eliminated. I certainly believe that the amount of time people spend crawling through traffic is grossly unproductive and should be economically disincentivised more than it currently is. We don't need to disincentivise people going to parks or doctors.

[Deatac @DeatacD]

@libertylachlan @Joel_Huz @DrCameronMurray ...and the best way to do that is probably to disband it and start from scratch....

[Deatac @DeatacD]

@Bradmac120970 @NoverreMan "Playing it safe, go with the herd" plays a part, but I think the game is mainly about finding owners to part with their cash to keep the horses turning over, and a big name trainer is requirement number one for selling a six figure plus horse

[Deatac @DeatacD]

@TrevDonaldson pretty scary, out of 150 horses maybe 6 or 8 success stories so far, and basically no chance of even recovering costs from prizemoney, 10's of millions torched in just a small segment of the market

[Deatac @DeatacD]

@TrevDonaldson If you take out the over earning HK horses, you really are looking at sub 5% chance of getting your money back on a horse and praying to hit that 1 in 100 Stefi Magnetica or MM winner.....but you are definitely right it seems you don't get a lot more result for paying over $200k