"Really massey? I must have go a bargain, property now worth nearly $600k I paid $40k around 1981."
Yeah this is what i mean how property investors have no idea about how money works. you probably pat yourself on the back thinking you made 1,500% Reality is inflation adjusted you are up about 120% with all that made only between 1996 and 2003, and 2008 to 2010
Even still thats just a real increase in value by about 3% P.A..
sadly your arrogance blinds you to the realise that the increase is just pure profit made by cheap credit flowing into the system over those years mentioned, which will disapear down the track when easy credit disapears.
