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The mindset you have is very "worst case" scenario stuff. You seem to have an negative view to poo poo any positivity. The things you speak about are maybe once a generation at best. In the mean time out of every 5 years you might have 2 with good growth of 10 to 20%, one with a 10% dip and 2...

...but fear itself. That's his problem.

People who want to have no risks ($3M unencumbered investments and PPOR debt free) and have all the rewards (earning $300Kpa, working as a specialist driving a merc with a blond on their arms) need to learn to walk before they start sprinting. There will always be risks. Risks need to be...

Regarding fear, was watching Band of Brothers the other night. This pearl of wisdom was spoken: Lt Spiers (badass Lt) to a cowering private Blithe at the bottom of a foxhole: "You hid in that ditch because you think there's still hope. But Blithe, the only hope you have is to accept the...

Buying a PPOR and seeing it drop 10% in two years, so what? If you are planning to stay there for 10/15/20 years a blip like this is nothing. If you have a single place as PPOR then everything is relative. If you decide to sell now you will find that all other properties would have...

You seem very hung up on this. Word of advice, live your own life. I don't give a rats what specialist doctors earn or what their wealth is. Got a mate I went to uni with doing the same course. He is now the CEO of the company I work for earning (I guess) $500K whilst I'm on $150K...

I think it's a valid question. It's not as though we know him personally and will blab it to all his friends and family. Bought my first PPOR for $135K in 1993 (at 26) with $85K in borrowings, paid that off in about 1998 with a lump sum from a redundancy. Bought my current PPOR for...

Good question, context.

There are risks in everything in life. If people got that hung up about risk they wouldn't want to get out of bed in the morning. There are ways and methods to mitigate risks. There are ways and methods to invest to mitigate risks. I have chosen a path where I don't care how much my...

I'd rather take my "chances" knowing full well what I'm getting from the get-go than trying to service the debt from day one hoping for a future payday.

A lot of these issues can be solved with CF+ IPs. Rather get cash in hand (after expenses/interest/tax) each and every month than taking an almighty bet that the market will be up in 5/10/15 years.

Which is the attitude of 90% of property "investors" as they buy one property in the suburb they live because it looked nice and they would like to live there, only to sell up 12 months later after the property dips 10% in value and they are burning money in NGing. That why it is perceived as...

It is most likely the opposite. People will always want to upgrade their PPOR as their income and lifestyle increases, thus their PPOR will never be paid off. Paying off the PPOR to be debt free was my parent's mantra. This generation's and the next is to live beyond their means in the...

The thing with living off CF is that your returns ATM might be based on IO loans, which is good and dandy whilst still working. Once you enter the end game and carrying any amount of debt against the IPs they will probably be P&I as it would be hard to get the IO period extended because your...

Good on you having some fore thought. I always say, "begin with the end in mind", a quote from the late Stephen Covey. All part of putting a strategy togeter and then a plan and then your actions.