crash what crash, page-30

Just to reply to Masseyferguson regarding the comment demanding all this cash and not returning anything..

Not all investors are the same.

I have a positively geared investment property. The rent pays the whole mortgage interest and principle, council rates, water rates, Management fee, insurance and it still returns Money in my pocket every month, a substantial return on my investment.

I'm looking to buy.

Also IF there where a crash as I am not leveraged and I will have my own home paid for in full next year I would buy several more properties perhaps.

Not all investors are the same.

There are many reasons why property in Australia wont crash and you should be happy, as if there where a crash that would also end a lot of peoples ability to borrow. Those without collateral would find it more difficult to secure a home loan yes Im talking about renters, they would be stretched to find a lender.

The only group a crash would be advantageous to are those investors with collateral to pledge to the lender. As they would be the only group with capacity generally speaking.

In my opinion the best thing for people that don't own property is to buy, but be conservative. Lower your expectations. I think it is true to say that many don't buy because they would have, to their thinking, lower their standard of living. This is a trap. Be frugal. Budget. Save. with an end goal, when you will be free of paying for someone else's house.