don't get me wrong ... have nearly seen it all over the last 30 years. first ppor was owned during 17%+ interest rates (associates were on 24% second mortgages) with almost instant capital gains of 100% when interest rates came off ... then no capital gains for the following 10 years.
divorce and done over by a "skase".
then was starting from scratch and buying around 1999 and again, nearly instant 100% gain over the next 3 years, then got caught at the top of the boom and nearly lost the investment lot due to high equity but poor cashflow (managed to hang on by the skin of our teeth but ppor was safe). a priceless lesson ... came back again cashflow wise in recent years, so combined with equity we are comfortable ...
see - been at the coalface
divorce and done over by a "skase".
then was starting from scratch and buying around 1999 and again, nearly instant 100% gain over the next 3 years, then got caught at the top of the boom and nearly lost the investment lot due to high equity but poor cashflow (managed to hang on by the skin of our teeth but ppor was safe). a priceless lesson ... came back again cashflow wise in recent years, so combined with equity we are comfortable ...
see - been at the coalface