In one sentence you summed up your knowledge and experience in real estate
" land value is immaterial " are you serious the primary reason for any real estate value assigned to a property by the market comes down to location .
Try to understand or at least to pretend you understand what your talking about .
The primary pillar of real estate value comes down to location followed other factors
That why an apartment in Toorak sells for over a million and a house in reservoir sell for five hundred thousand.
Emotive arguments only play on the mind of the financially illiterate any investment wether it be real estate or shares when made without the research and home work is gambling and in that situation you deserve what you get
Any advice given wether negative or positive without understanding what the variables are that determine the accuracy of the advise is simply soothsaying and anyone listening to the advise without looking into the facts will either miss the boat or take a gamble more than likely with high risk
Those that do the homework will invest , reduce risk through risk management , and have an strategy in place to recoup the original capital investment along the cycle wether it be real estate or any other investment.
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