I can tell you, its all good, nothing like you screamers and your crystal ball gazing forecasts
one can look back to 2007 when the gfc was emerging....and the armegedon forecasts, spewed forth in every direction, every asset class..... fast forward to 2011, and the housing market had produced even bigger stunning gains, than most here could have imagined, some suburbs grew 20 and 30% and now in 2012, the bears are crowing over finally being able to crow about a loss of 1%
capital growth has been stunning... but lets not talk about that here and now... the income has been....well lets say....its pretty good.... plenty of willing renters, who outbid each other for that desired spot...
and then I rent to a couple of bear families....they have been tenants for almost 12 years....they are good tenants, pay on time every week or fortnight, no complaints...thats 2 houses to bears, and there is no sight of them changing houses anytime soon... another house I rent to some switched on babies...they both work full time, and also do part time casual work... they are saving up to buy a house...they love mine...
you dont want to hear about the commercial properties... that is where the really serious money talks..... but lets do one thing at a time one small step at a time
but then again, I dont do expensive inner city dog boxes... and the bears shun the outer suburbs and regional areas....which is where some of us make a fortune
