I agree with rawbaws... and lets nit pick that bit a little more... basically he said... props will fall 40% in a year...so he sold there and then...to show everyone just how serious he was...and happy to rent for awhile..waiting for the drop ...then he would get back in...and make a killing
forget about inflation....it affects everyone...whether a renter or an owner... the fabulous difference between the two...is house prices keep pace with inflation.... your money sitting in the bank, while renting, does not keep pace with inflation, in fact it eats away so your dollar buys less.... how simple is that....most people understand the simplicity of the exercise... a difference of a couple of hundred thousand dollars over a 5-7 year period... owners are winners....winners are grinners... but then again...everytime a reference is made about that spruiker....its cheap PR for him....does not deserve any accolades... ridicule yes...
