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St Kilda west with water views would be nice :D

They can, there are plenty of properties and affordable but people don't want to start small. They want their first home to be in the blue chip suburbs. The problem is that we can't all fit in there so whoever pays the most gets in. The rest of us can get something else in the more...

What are you talking about? I and most investors will choose to use the rent for the purpose it is collected for. i.e to pay the interest (which already includes the inflationary conponent so we don't have to pay it again

The bears conveniently leave this part out. Even blind Freddy can see the end result but they can't....

No I wasn't proven wrong. In fact it was the other way around and don't take my word for it. The numbers speak for themselves

Dan That would have been correct if I didn't receive any rent in those 20 years. But I did receive rent which covered the majority of the $320K and I also received a tax refund so my shortfall was very small. In fact after all this time the rent would be more than enough to pay the mortgage...

SF I don't know about that. Beauty is in the eyes of the beholder......

Hi Sunfish Mate and how come you haven't convinced me yet? Am I a slow learner or your thinking is different to mine? Here is an example for you. Lets say I borrowed $200K 20 years ago and bought a property which is now worth $600K During the 20 years I was paying interest only so my...

Evand have a rethink of what you're saying. Most investors would have borrowed the entire amount so they'll be using other peoples money or would have contributed 15 or 20% at the most so inflation is not a cost to us. In fact, inflation is our friend as it errodes the value of our...

How can the out of pocket loss be 10% of the value of the property? That's.....impossible Even if the asset was land with no rent coming in and no taxable income to offset some of the interest its still pretty hard to achieve

I doubt it. I think the experienced and succesful investor will be selective on what he buys and where he buys