My comment about some landlords being like pigs in a trough stands. I don't know you, you might be nominated landlord of the year and be a top bloke, if that's the case ignore my comment. Landlords and tenants can be either great or horrible and everything in between.
The thing about a pig is it doesn't know when to stop, and when people think that accumulating 50 or 100 plus properties is ok, well they are with holding property that other people should have some access to.
In one of your posts you talked about a single parent choosing to rent instead of buying. You have got to be kidding yourself if you think that a single parent would rather go through rental crap as opposed to providing a stable long term environment for their family.
More like the banks think they are a liability having one income to support a few kids and not be able to service a mortgage.
The property market is not like the share market, shelter is a need and any significant hoarding affects society directly. The share market is optional so speculative damage is limited to its participants.
I disagree Sydney has not gone sideways for the past 10yrs, and there have been some good gains in some areas, do some research.
Asset protection is important if you are considering amassing millions of dollars worth of any asset, my point was simple, that the average 22yr old might be better off getting some life experience before choosing a partner, this thread is about wealth accumulation and in my opinion relevant. If one is single and accumulates some wealth a pre-nup may be appropriate if meeting someone with considerably less assets. All this was in response to the whole idea of the younger you start the better, which is very true from an asset compounding point of view.
My comment about one wage to pay off a house in ten years with no carpet was pretty much a dig at people that are crying like they are the only ones in the world that worked hard to get ahead. Get over yourselves.
"You agree that a ppor is a good investment and yet you say that property growth is doomed"
I never said it was doomed, I said that it was unlikely to perform as well as it has in the last 35yrs, very big difference.
"As previously posted , it's not a competition to get the most properties , it's about investing what you can afford in order to increase your wealth. At the end , if you only own 1 extra property , is that a bad thing ? Imagine if you had a ppor in Sydney worth $1million and you had another house , which you own outright that was worth the same ? Pretty good position to be in , wouldn't you say ?"
Absolutely a good position to be in, and I have nothing against that why would I? But we are talking about whether property would perform as well as it has in the past and in my opinion it won't.
