They probably have the same stupid assumptions also.....investments and emotions can be dangerous. But alot of people are not professional investors are they?
For example I have Chinese tenants who have been in my Sydney flat for 7 years......and an older Lebanese tenant on Centrelink and trust fund (govt. hold it for him) who has been in for 5 years. If I had made stupid assumptions....I may have had vacancies and constantly changing tenants....instead I have low maintenance tenants who never complain. Treat people with respect and run your shop professionally and you should have very little problems. Also, I have raised my rents by 20% and my tenants are still there.....
I agree with JIT is is one of the stupidest polls.....do people realise that most immigrants coming in nowadays have serious money and some of them never go to the rental market! They have bought their 800k-1mil home before they arrive and move straight in......
I am of a migrant background....we came as business migrants...but it pales in comparison to the amounts the newbies bring over to OZ.
For example I have Chinese tenants who have been in my Sydney flat for 7 years......and an older Lebanese tenant on Centrelink and trust fund (govt. hold it for him) who has been in for 5 years. If I had made stupid assumptions....I may have had vacancies and constantly changing tenants....instead I have low maintenance tenants who never complain. Treat people with respect and run your shop professionally and you should have very little problems. Also, I have raised my rents by 20% and my tenants are still there.....
I agree with JIT is is one of the stupidest polls.....do people realise that most immigrants coming in nowadays have serious money and some of them never go to the rental market! They have bought their 800k-1mil home before they arrive and move straight in......
I am of a migrant background....we came as business migrants...but it pales in comparison to the amounts the newbies bring over to OZ.
That sounds quite balanced Sash - afterall, the cons of emotions overriding investment decisons does seem to get repeated over & over, I too think it may be true...
How would people think of investors from a minority ethnic group(s) holding the same view against the rest of the population ?