Good to see that even me voting on a poll can still get Acey fired up!
I have been quiet lately. Just content reading. Now that it seems a lot more have the same view as me I don't feel the need to contribute as much. It seems many more are looking objectively at property investing and are beginning to realise they have missed the boat (no - surely not with net yields at 2%!).
I gave warnings in an attempt to give a balanced opinion to what can at times be a one-sided forum. All I wanted is for some of the misled newbie investors thinking they can make a quick buck on a sure thing to stop, have a look at the fundamentals and question some of the myths they've been brainwashed into believing. I also hoped that I would trigger some decent debate along the way (that was harder than I thought).
It seems there are many content to accept their valuations but they wouldnt buy themself at that price and FHBs well they just cant afford to buy fullstop. Makes you wonder where all the buyers are going to come for the plethora of properties appearing for sale in almost every city (bar some of course).
On a side note, the apartment next to the one I sold almost a year ago has currently been for sale for about 2 months for $42K less than what I sold mine for. I'm only saying this because many questioned my judgement on that sale because you should NEVER SELL! Hmmm.. I wont say what my rate of return on the proceeds have been.
Still lurking
LB
I have been quiet lately. Just content reading. Now that it seems a lot more have the same view as me I don't feel the need to contribute as much. It seems many more are looking objectively at property investing and are beginning to realise they have missed the boat (no - surely not with net yields at 2%!).
I gave warnings in an attempt to give a balanced opinion to what can at times be a one-sided forum. All I wanted is for some of the misled newbie investors thinking they can make a quick buck on a sure thing to stop, have a look at the fundamentals and question some of the myths they've been brainwashed into believing. I also hoped that I would trigger some decent debate along the way (that was harder than I thought).
It seems there are many content to accept their valuations but they wouldnt buy themself at that price and FHBs well they just cant afford to buy fullstop. Makes you wonder where all the buyers are going to come for the plethora of properties appearing for sale in almost every city (bar some of course).
On a side note, the apartment next to the one I sold almost a year ago has currently been for sale for about 2 months for $42K less than what I sold mine for. I'm only saying this because many questioned my judgement on that sale because you should NEVER SELL! Hmmm.. I wont say what my rate of return on the proceeds have been.
Still lurking
LB