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  1. BayView

    The myth of making $zillions by reno

    If I was given $100k to do whatever I liked with (for investing) over 10 years, there are a number of options. Each one has an opportunity cost due to what I could or could not achieve if I'd invested it elsewhere. It's not until I get to the end of the given investment period that I can...
  2. BayView

    The myth of making $zillions by reno

    I agree with everything you say here, Trace. But you are forgetting that you are thinking about this with a very extensive knowledge base. You have the knowledge to make an educated forecast and factor in an opportunity cost based on your knowledge and experience. You have the ability to...
  3. BayView

    The myth of making $zillions by reno

    Opportunity cost is a hindsight thing. You can't jump forward, then look back and make a comparison before you invest so opportunity cost is useless for mere mortals. You can only maximise your investing returns using the knowledge you already have.
  4. BayView

    The myth of making $zillions by reno

    The old saying "buy the worst house in the best street" is what to go by. You need to live in it as well while you do the reno, otherwise you have CGT to add to all the other costs that eat up most of the profit which all the TV shows always omit to mention. Do all the work yourself and...
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