All good points, Steve.
It was in the days (early to mid 90's) when I was young and foooooolish. Mind you I only barely had enough awareness to exit when it became apparent that not to do so would be an ever increasingly painful experience.
Now of course things have moved on, I now know that I'm a successful property investor because I have got over such penalty charge disasters, managed to accumulate a truck load of "good" debt, I get to hear about tenant requests most days of the week, undertake daily chicken entrail readings in the pages of the Fin Review, and shock, horror (only kidding!), feverishly frequent chat rooms such as this searching for some enlightenment to lift me out of my escalating interest rate morass.
You know sometimes I ruminate about other less enlightened souls (ie; non property investors) whom I personally know and who have merely stuck at owning their own home and who have, by their mid to late 40's, wiped out most of their mortgage, and they are off on overseas holidays. All the while I'm left holding a bunch of inanimate properties and, like Gomex Adams, feverishly reading the interest rate ticker tape.
Big Rog
