what happened to that tv show?, page-13

From post 8310, and sums up my opinion.

"And finally, there is the fourth type of player in today's property market - those who are buying an investment property. It is these people for whom I save my greatest sympathy.

You are either very brave or very naïve or very stupid.

Right now, there are plenty of spruikers who'll tell you that "there's never been a better time to invest in real estate". That's total codswallop.

Anyone who has done kindergarten level maths knows that the 'numbers' are far from right for investing in real estate today.

Oh, sure, I can hear all the abuse coming my way now.

First, from those spruikers who are selling real estate (get it? They are selling real estate not buying it! Dur) and, second, those poor dear souls who have just bought an investment property and can't stand to be told that they've done the wrong thing. These are the people who are yet to realise that great real estate maxim: "You don't need brains to buy real estate."

For those who are investing in real estate right now, you are in a strange sort of predicament. You think everything's going really well but you don't realise what's ahead of you.

You're not going to like this, but you are what's known as "deluded investors". But, at least you're happily deluded. So, enjoy the feeling while it lasts."