I'm understating it. In your adversarial mode you call us D&Gers. 
And they're lower 'n a snakes belly.
Do you seriously believe that a desperate decade in which the Yanks are throwing out everything, including the life-rafts, hoping to keep their balloon economy aloft, has permanently altered the fundamentals of investing? Have you thought of the likelihood that you will have the privilege of watching the replay of the Fall Of The Roman Empire from the comfort of your lounge room? How do you avoid being sucked into the vortex?
In the Strong Growth in Brisbane thread someone dismissed thinking because they didn't have time. (Not going back to that toxic wasteland to find it.) No time to think about investing hundreds of thou?
We are dismissed as w*****s because we can't name the day or because it hasn't come yet. Even if I received an email from God and told you, could or would you sell before the date?
There are two camps here. One says borrow every dollar available to buy, it will work out in the end, and the other says they will buy next year @ 80c in the dollar. I think both will be disappointed.
To me, being locked into an investment which drifts, rangebound, when things are happening elsewhere, is the pits. But RE investors are smug in the knowledge that, because property has not fallen dramatically during their short lives, it can never do so.
But does property need to fall to be a bad investment? No! It is possible that there are Very small pockets of property returning near 8% rental return but they would be loudly decried here. Don't believe me? A few years ago (was a member, posting on the virtues of Townsville) Townsville and Rockhampton were offering +ve cash flow rental properties. Recent history had proved it was all happening in Syd and only cheepskates, who couldn't afford Syd went elsewhere. Seech, who must be to busy to post now, would be grinning, ear to ear. He went there.
That para was sidetracked: Lets start again,
But does property need to fall to be a bad investment? No! The accepted modus operandi here is that if you can only borrow 80% of value you are a retard. Real investors borrow the lot. LOL At 8% interest, you are going backwards if your property only doubles every ten years. What's that? You can lose if your highly geared investment can't exceed the interest rate? Bloody oath you can. And I said nothing about actual capital retracement.
There is a love of polls here, and while I no longer vote, I do read so I can better understand with whom I joust. (learnt how to say that at school. LOL) Seems the majority are half my age with twice my income. So I understand that there is a strong element of tax minimisation and "weekend" commitment. You can't hold down your well paid jobs and study anything other than Saturday's paper. That's OK. But don't tell us, with the time and the thirst to study the big picture, that we are Chicken Littles. I, personally, take umbrage at this generalisation.
And they're lower 'n a snakes belly.Do you seriously believe that a desperate decade in which the Yanks are throwing out everything, including the life-rafts, hoping to keep their balloon economy aloft, has permanently altered the fundamentals of investing? Have you thought of the likelihood that you will have the privilege of watching the replay of the Fall Of The Roman Empire from the comfort of your lounge room? How do you avoid being sucked into the vortex?
In the Strong Growth in Brisbane thread someone dismissed thinking because they didn't have time. (Not going back to that toxic wasteland to find it.) No time to think about investing hundreds of thou?
We are dismissed as w*****s because we can't name the day or because it hasn't come yet. Even if I received an email from God and told you, could or would you sell before the date?
There are two camps here. One says borrow every dollar available to buy, it will work out in the end, and the other says they will buy next year @ 80c in the dollar. I think both will be disappointed.
To me, being locked into an investment which drifts, rangebound, when things are happening elsewhere, is the pits. But RE investors are smug in the knowledge that, because property has not fallen dramatically during their short lives, it can never do so.
But does property need to fall to be a bad investment? No! It is possible that there are Very small pockets of property returning near 8% rental return but they would be loudly decried here. Don't believe me? A few years ago (was a member, posting on the virtues of Townsville) Townsville and Rockhampton were offering +ve cash flow rental properties. Recent history had proved it was all happening in Syd and only cheepskates, who couldn't afford Syd went elsewhere. Seech, who must be to busy to post now, would be grinning, ear to ear. He went there.
That para was sidetracked: Lets start again,
But does property need to fall to be a bad investment? No! The accepted modus operandi here is that if you can only borrow 80% of value you are a retard. Real investors borrow the lot. LOL At 8% interest, you are going backwards if your property only doubles every ten years. What's that? You can lose if your highly geared investment can't exceed the interest rate? Bloody oath you can. And I said nothing about actual capital retracement.
There is a love of polls here, and while I no longer vote, I do read so I can better understand with whom I joust. (learnt how to say that at school. LOL) Seems the majority are half my age with twice my income. So I understand that there is a strong element of tax minimisation and "weekend" commitment. You can't hold down your well paid jobs and study anything other than Saturday's paper. That's OK. But don't tell us, with the time and the thirst to study the big picture, that we are Chicken Littles. I, personally, take umbrage at this generalisation.
