Michael Thompson
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Or are we talking here, when we're talking about passive income, it's more of a long game, right?
So it's not, this is something that you need to kind of look, this is a future play.
Is that, that's fair to say?
Oh, please.
I always welcome your comments.
What does it say about the shift in the balance of power then?
Yeah, exactly.
To the fact that these companies are just so big that they are actually bigger than a lot of countries themselves.
All right.
I think what I'm also trying to get at is that this is almost a mindset change, right?
Countries, yeah.
Right?
Yeah, yeah, yeah.
Now, I mentioned this at the top of the show, Sean.
That this is not something that you are doing as a short-term strategy, but it is going to be something that you are going to reap the rewards of further down the track.
Iconic retailer Barbecue's Galore has collapsed.
After its main financier couldn't agree on trading terms and that left the group without funding.
The winding up process is scheduled to start next week and 62 stores will close while transitional arrangements will be put in place for the 27 franchisee owned and operated stores.
Where is that tipping point between a property that has been essentially negatively geared or where you might be losing money on it because the amount that you're paying to the bank in interest is more than what you are bringing in in rent?
This is according to the Financial Review.