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erichmj

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20/05/16

22:38

Post #: 17829071
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Originally posted by Gillysrooms ↑

Wild Bill...as promised a reply I got yesterday from a well known Melbourne real estate agent I not spoken with in ages....this was his exact reply

"Gilbert I really haven’t had any trade $ dealings for a long, long time as I just found it too difficult to get anyone to accept them or if they did they inflated the price of the commodity you would be trying to buy to such an extent you were better off negotiating on a cash or finance basis.

On the other hand someone buying real estate from me trying to use trade $ as a deposit or significant part of the purchase price they need to be cash buyers as the lenders now a days aren’t really interested in somebody floating trade $ as their only equity input.

Not sure that I have been much help but give me a call anytime as would love to chat."

I know of another Barter Trade $ group whose owners I allege [former Bartercard Franchisees] have seen the benefits of creating funny money and are creating their own credit and attempting to buy real estate on a deposit of only these created Trade $ and then hoping the banks will supply the balance of the purchase price. Pretty clever if your sales skills ae so good that you can entice property vendors into believing that the Trade $ being offered are equal in value to real $Australian legal tender currency. As I said before the ATO, ACCC, ASIC all regard that funny money Trade $ as being equal in value to the Aussie $ but do you really believe it? Do all readers on HC really believe it? Funny however they wont accept Trade $ to pay for the tax they will charge on any capital gains or profits which includes Trade $ because they want the real money in Australian legal tender currency. Why is that so? All comments welcomed.

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totally agree with what you said. I only know about this when they (bartercard) contact us and want us to join....

BPS Price at posting: 88.0¢ Sentiment: Sell Disclosure: Not Held
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