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  1. DavidMc

    Greedy Investors

    True, I'm looking out for numero uno first (as I would expect anyone else to do so, I believe it's your own responsbility to yourself and those you care about). My community comes third. However, surely you agree I'm 'helping others' just about as much as I'm 'intentionally making it hard...
  2. DavidMc

    Greedy Investors

    Without investors: Those houses would not exist to start with (I'm an investor and I've build property that wouldn't have existed otherwise). We'd be piling in 4, 5 to a house and the existing houses would cost so much more due to supply / demand. OR They'd exist and be government...
  3. DavidMc

    Greedy Investors

    Median household income in Vic 05-06 is $56,576. So even allowing for 2009 figures and that a 'household' might be 1.3 earners it probably is around 40k or so. I don't get it. What's stopping you from being a successful investor? People come to this country with barely any English and $10...
  4. DavidMc

    Greedy Investors

    I never thought that. I don't think anyone else on here does either. Someone has to work. Someone else. Just because you preach to everyone to own IPs doesn't mean that you think if everyone did it it would still work. Most people who start this path never even make it. I'm only about...
  5. DavidMc

    Greedy Investors

    @JackC, money is not land. There are an interesting series of videos on YouTube that explain it all. They were posted on this site. The government just prints money and 'makes it up' when it needs it. We believe it in and assign a value to it. That's how inflation works. Today we believe...
  6. DavidMc

    Greedy Investors

    Agreed. Some people really have an unhealthy view of money and a scarcity mindset. One guy I spoke to thought that for every dollar he earns, that's one less dollar someone else has. i.e. the only way to get rich is by stepping on someone else. How could you ever move ahead financially...
  7. DavidMc

    Greedy Investors

    I think that whole 'it only cost you 4x your income 30 years ago (in 1979) and now it costs 6x' argument doesn't make sense. These days our financial products are much more advanced, allowing us to buy more with less deposit, more competitive lenders, offset accounts, longer loans, credit card...
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