Aceyducey.
It appears to me as if you're the sensitive one
Sticking a smiley on the end doesn't make me smile!
I stand by my comment that the 'Joe Average' you were talking about doesn't own investment property.
Prove it!
If you're talking about investors just entering the market now, that's a different story altogether. They're not 'Joe Average'!
Ok. Prove that too!
And while the proportion of investor loans is up - is that reflected in the number of investors or is it existing investors expanding their portfolios? The difference is very important!
I dont know. You tell me! Back your arguments with facts. I dont care how long it takes you. All I want is facts! Cold, hard, tangible facts!
I have no issues with you (or anyone else) holding a different viewpoint...however in your case, as I stated at the top of my last post, I don't understand the point you are trying to make.
My point is that my point is different to yours.
Maybe I'm too negative. Maybe your too positive. I could be having this argument with many other regular contributors to this forum. In fact, some could be "moderators" who move this post down the list simply because they dont agree.
But at the end of the day- it seems to me that negative comments cop the L.B. Biffo! which at the end of the day makes people whom with less knowledge, experience, or less than positive experiences with property investment, or even LESS TIME to do the research to back up their argument, feel insecure and intimidated to contribute to this wonderful resource.
And that's a shame!
That can water down the perceived risks for newbies reading this resource.
Personally, I learnt a lot from L.B. Just like I have learnt a lot from you. Not that I agree with everything either you or he/she has said.
But having read most posts on this forum in the last 3 formats, I think this forum has gone down hill due to the fact that negativity is regarded as bad, and positivity (i.e. How I bought 20 properties in 5 years) is regarded as supreme. Is this a cult or what! Maybe we should be selling Amway.
Are you saying that the market will go pear-shaped because of lots of job losses & average workers having to sell their homes? (which I don't agree)
No. But I feel that future recessions will be sharper and deeper due to the fact that many companies have around 30% variable temporary labour, labour they can shed at a minutes notice. Maybe it will happen. Maybe it wont. But its a risk that newbies should at least think about.
Are you saying that many people entering the market now will struggle (regardless of their collar colour) and probably shouldn't? (which I agree with you on!)
Yep! If they dont do the sums!
Re the Blue collar/white collar thing......I based my knowledge on the average debt levels (highest amongst white collar workers) & timeframes required to get jobs (a month per $10K). You're welcome to hold your own view, but calling my view crap is just a bit childish
Ok. Sorry for the childish comment. But dont underestimate how many people I have had conversations with (in my poor old blue collar job) who only 3 months ago were going to purchase an investment property (i.e have purchased a better P.P.O.R and wish to rent out their old P.P.O.R) but are now going to sell that same property.
Maybe I'm completely off track. But thats still my view of the world at the moment in my market. And i'm not going to stick my head in the sand and not tell my view simply because i'm scared of the L.B. biffo!
And RE comments about computer access - you were the one who stated: 'My limited time on the computer at work is less than 2 hrs a day and leaves no time left to visit the net other than a quick look at the latest news during my lunch break.'
Fortunately tonight, at home, I have a few hours up my sleeve ( I type reeeaaal slow!) to respond to your comments.
Many people reading this forum probably choose to read rather than contribute simply because its too hard to stand up to the "fanatics" point of view.
L.B being the exception. But where is he now?
I enjoy your posts John, keep posting them - just don't be scared of having your views challenged, it's a great way to get rid of the personal assumptions that colour our world and reduce our effectiveness!
O.K. This we can agree on. Thats why I'm challenging you!.
However. Dont forget that many people do have something to contribute, even if only 10% of what they say is correct, but dont contribute simply because they are either intimidated by forum members like yourself, or because they dont have the time to back up their arguments. My comments towards you are not personal, it's just the L.B. thing really annoyed me.
Its real easy to shoot down someones argument when you have the time to do so, but you will miss out on the opinion of "joe average" who, despite what you say, do have a big influence on market sentiment and therefore future capital growth.
I personally like to see all view points, irrespective of how accurate their opinion is, simply to help keep my perspective unbiased.
I think that L.B bashing heavily biased this forum.
