over last 40 years rent made around 4% on average, interest cost 9% on average..
your losing money every year as you negativly gear it to reduce the loss.
it doesnt become positvly geared till you get past half way (of you have a masive capital growth which is not normal)
biggest gain in 100 years was the last 5 - 15 years over doubling the norm..
historicly its only a savings plan, it only looks good as an investment if you were buying 10 -15 years ago
buying now i think you will be lucky to break even by the next 10 - 15 years
Investing in property will lose a lot of hype in the coming years as the rewards are no longer delivered by this "investment" class of assett
- Forums
- Property
- slumlords are a symptom of an ailing system
slumlords are a symptom of an ailing system, page-43
-
- There are more pages in this discussion • 74 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online