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Because the only way to gain equity is to takes risks (often high risks as Dazz acknowledges). If you continue to take high risks then eventually it is LIKELY that the house of cards will crumble. The Packer example is one of those that didn't crumble - there are likely 99 nameless others...

So when will you sell ? If you say 'NEVER' or 'NOT YET'.... then you continue to run the risk of the house of cards falling over if a couple of tenants go broke and you fail to relet quickly. The economic cycle has turned - major businesses are falling over - eg ASX listed General Property...

Back here you said 'I also agree that 2M is cheap for 10 years of your life.'. If profit is 12 years worth of income, then investing the lump sum at 8% will replace your income forever. Your other investments will provide the growth. What risks have you neglected to cover so far ? What...