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Never put money into any investment based on its name
"Blue Chip" sounds pretty good, much better than say "Belly Up"
I wonder how many got influenced by the name (among other hype)
Always research thoroughly
Time is the great revealer
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Originally Posted by whiteheron
Never put money into any investment based on its name
"Blue Chip" sounds pretty good, much better than say "Belly Up"
I wonder how many got influenced by the name (among other hype)
Always research thoroughly
While we are on the topic of dodgey property scheme advisors, anyone else heard the Radio Live ads for "Secured Property Investments?".
Basically it's for properties in the Qld region, & they are advertising...
NO DEPOSIT & FROM $50 PER WEEK*
* Refer to pages & page of onerous conditions, legal mumbo jumbo, disclaimers etc
Now if we all could get these offers, with 100% guaranteed rents, full occupancy etc, would'nt we all be doing it?
Sounds dodge to me, that's why i've stayed clear of property.
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Shasta is that the same outfit advertizing on TV?
That would be a major WARNING BELL in its self.
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Originally Posted by STRAT
Shasta is that the same outfit advertizing on TV?
That would be a major WARNING BELL in its self.
I haven't seen it, though agree >>>>>>>>>>>>>Bargepole
Not even Richard Long would be able to sell this concept!
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Member
I have been waiting for this enormous rip off to go tits up. I know 4 guys who made an absolute mountain of money as sales reps for this shower of 5hit, unfortunately I have heard they spent a fair chunk of it buying blue chip properties.... Bwahahahaha.
Over valued (and owned by blue chip) properties with in house valuations and lawyers, massive fee's, unbelievable rental guarantees and guaranteed buy backs after a fixed period.
Some people are to stupid to have any money and deserve to be fleeced. I am all cashed up and will be buying central city properties starting at the end of 2008.
You might notice I commented on this scam 2 years ago on this thread.
CopacaBarnsley, it\'s just like watching Brazil.
http://barnsleybill.blogspot.com/
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Originally Posted by barnsley bill
I have been waiting for this enormous rip off to go tits up. I know 4 guys who made an absolute mountain of money as sales reps for this shower of 5hit, unfortunately I have heard they spent a fair chunk of it buying blue chip properties.... Bwahahahaha.
Over valued (and owned by blue chip) properties with in house valuations and lawyers, massive fee's, unbelievable rental guarantees and guaranteed buy backs after a fixed period.
Some people are to stupid to have any money and deserve to be fleeced. I am all cashed up and will be buying central city properties starting at the end of 2008.
You might notice I commented on this scam 2 years ago on this thread.
Somebody close to me bought an apartment through Blue Chip. He's not stupid an
d he didn't deserve to be fleeced. You must be very pleased that you're going to make money out of other people's misery - it sure sounds like it.
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Originally Posted by Steve
***BARGEPOLE***
I knew that there was a reason that I got my BARGEPOLE out...
Death will be reality, Life is just an illusion.
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Member
Snapper, save your angst for the perpetrators of this massive rip off. This is far worse than bridgecorp. Finance company rip off victims have lost savings/ cash. The many thousands of victims of the blue chip rip off have lost money they don't own. This will have a huge impact on an already dangerously weak property market. Anybody with cash or the ability to service debt is going to clean up. The only thing that will stop a feeding frenzy by canny property speculators/ investors will be legislative change. I believe Cullen would have changed the tax rules around second (and more) properties this year. Now he will not be able too. As prices drop further his core constituency will be looking at house values dropping, tax changes on property will accelerate the drop in prices.
CopacaBarnsley, it\'s just like watching Brazil.
http://barnsleybill.blogspot.com/
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I'm confused...you just said in your previous post that Blue Chip investors deserved to be fleeced, is that really what you mean?
As far as any investigation into BlueChip is concerned, I'd like to see their valuers exposed for the frauds they are. Most people have a healthy suspicion of anyone selling investments, they tend to trust people that they see as unbiased such as lawyers, accountants and valuers. Hopefully anyone in these professions connected to Bluechip will be required to explain why they were involved with what has turned out to be a giant fraud.
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