Sold my houses in 2009... took full advantage of the boom and cashed in..
Been renting for the past four years... Had 4 rent increases since then but still paying less than $500 a week for a 4x2 in Bull Creek.
All proceeds from house sales went into gold at $1000 an ounce and silver at $17.00 an ounce... topping up along the way with the money Im saving by renting.
Negative growth in housing in past 4 years.
Gold from $1000 to $1500 an ounce Silver from $17.00 to $30 an ounce..
Yeah Im missing out BIG time...lol
Even as Perth is bouncing now it will be short lived compared to inflation.
Malaga... you better get back to your job of being a real estate agent instead of spamming the property threads.... Its coming across as desperate.
Renting property whilst the prices are this high and number of transactions are at a low is smart. Buying a house with a 30 yr mortgage noose at inflated prices is dumb... especially when alot of people in the mortgage belt are suffering and cant even keep above water with the high cost of living..
