The thing is that there will always be some that make money, lose money, and some that come out even with property or any investment for that matter.
What I persoanlly like about property is that the banks will fund say 80% up to 100% of your investment which really is great.
The worse thing that can happen is you lose your deposit and go bankrupt if you stuff up.
Thats the worse thing that can happen really, so you wont lose a limb, you wont die, you wont drown, you just cant borrow money for 5-7 years, cant be a director and will have to rent for a while.....thats it......its really not that bad.
Leaves you with 20% to find and when the "equity" in one becomes about 20% again you can repeat the process.....while at the same time recieve an income to cover all or some of your repayments, get a tax deduction and build up a portfolio over time that will increase in value in both equity and passive income over time.
Its not only that property is good for property so to speak, it also allows you to invest in other areas or use the equity for family needs and wants.
Its not always an exact science and this is why most of the graphs and economists rarely predict the future correctly.
The human element of emotion is hard to show on a graph, and most property buying is bought with emotion whereas property "investors" buy with facts figures and a little emotion.
I guess the bears read the graph, see that property has risen what is deemed too fast and therefore must drop in price.
Yes the graphs can show you this and yet the FACT is they are priced at where they are......not where they should be, could be, might be, want to be, may be........but they are priced where they are......that is the reality.
cheers.
PS...Kincella....will email Molonski shortly.
Tad busy today just got back from a great day up in the Adelaide hills, wine tasting and eating plenty.
