I have to admit that this article concerns me from a property investment point of view (and obviously other pov's).
http://www.theoildrum.com/node/5969
While I'm in my 40's, I am relatively new to investing (one IP and PPOR) and would like to continue to add to my portfolio so I can have a reasonable passive income in 20 years time, but my gut tells me that sometime in the next 5 years we will have a large drop in aussie house prices due to oil (as described in the article).
I am no expert in oil and dont pretend to be, just trying to be widely read and question all the assumptions that I base building a property portfolio on.
I would be very happy for someone to convince me that my fears are unfounded. Unfortunately I think oil > supply and demand.
cheers
http://www.theoildrum.com/node/5969
While I'm in my 40's, I am relatively new to investing (one IP and PPOR) and would like to continue to add to my portfolio so I can have a reasonable passive income in 20 years time, but my gut tells me that sometime in the next 5 years we will have a large drop in aussie house prices due to oil (as described in the article).
I am no expert in oil and dont pretend to be, just trying to be widely read and question all the assumptions that I base building a property portfolio on.
I would be very happy for someone to convince me that my fears are unfounded. Unfortunately I think oil > supply and demand.
cheers