JIT doesn't LIVE in Armadale - has an IP there.
I don't want to get drawn into this argument DeeHwa, but I took offence to your stating that people on this forum just say they don't want to live in Toorak, Camberwell etc because it's too snobby.
Trust me - some people honestly honestly don't want to live in 'snobby' places. I paid plenty for my well located PPOR in scummy ugly Richmond and wouldn't change it for anything. I love the mix of people and cultures. I personally wouldn't live in Toorak, South Yarra, and definitely not Camberwell.
Reading all this makes me want to invest in Frankston but as it's already experienced a big growth spurt, should it therefore be avoided for new investment?
I don't want to get drawn into an argument with you Rae. You seem like a decent chick (I think you are a girl going from memory - apparently I remember you being the inner city chick). To make things clear, I did not name specific people so don't feel personally offended. Also, that statement started way back in another thread (Point Cook) and I did not mention anything about Toorak in this thread until some clever poster decided to bring it up when I started saying that 'I also do not get Frankston'.
The initial point was the fact that there was some poster (can't remember who, doesn't matter) who said there are heaps of people who WANTS to live in Point Cook and I replied something along the lines of 'well, this is not true, it is more that they cannot afford anywhere else for what they get and if given a choice, they'd rather have the identical house in Toorak because it is worth more and I made it clear it included any other premium suburb like Brighton, Canterbury etc...' My own message was simply not to confuse 'wanting to live in a particular suburb' with 'only being able to afford such in a particular suburb'. And it annoys me when people defend their choices (in the case of the Point Cook thread) by saying, 'Point Cook is better because it is not snobbish'
Going back to your point, we would never really know for certain whether you would live in Toorak, South Yarra or Camberwell because I assume you are not the financial position to decide anyway or afford to live in those suburbs. It is ok to be honest, I've made it pretty clear to JIT that I can't afford the front fence of Toorak. Perhaps when you have all the money in the world can a rational decision be made. At the moment, all the talk is for illustrative purposes.
Honestly though, if you won the lottery like the British couple, I'd doubt you would still live in your current PPOR but of course you will attempt to dispute me because no one wants to contradict themselves because it will just make themselves look silly.
As I said, nothing against Frankston AS AN INVESTMENT, just that I STILL believe there are better and am STILL not convinced 7 Frankston houses > 1 Toorak houses given what I anticipate to be enormous holding costs that would erode the profit gain as highlighted by Harris.
Look, I am by no means trying to be arrogant or anything, stubborn yes, but you'd expect someone like me to still hold my viewpoint when other viewpoints are not convincing and/or I am STILL able to point out flaws in so and so's arguments. I make mistakes too, and I admit it. I even admit strong arguments (I already acknowledged and agreed with some of what Harris has said) so who is to question the fact I am not 'open-minded'.
Just because I vehemently stick to my viewpoint and it 'seems to yourself' that I just don't get it doesn't mean I have an unlikeable personality, nor laughable and certainly I would think, not arrogant.
Time for bed...shall fight, whoops, I mean discuss another day...
