"why is it personal? are you trying to bait somebody? are you under impression that this conversation is a mocking match between renters and landlords? are you incapable of discussing economic side of property in a civilised manner?''
I find your questions interesting-to say the very least-considering your earlier repsonse.
"(makes you really believe in it when you see how many ARTIFICIAL stimulants are needed for something to appear barely OK..doesn't it?)
AND it STILL is falling in price and popularity !!!!!!!
what a great asset class!''
bravo!''
Anyhow, I admit that I have made a few bucks from property, stocks and gold over the years, but didn't I state that previously?
And the formula I use is hardly revolutionary: buy a few houses near water and/or infrastructure in locations that will experience higher population growth than National and Sate averages-then hold them for a few decades while you pay off the mortgages.
Oh, but there is one other key component of my approach. Ignore all the people who argue that ''property prices in Australia are so high they will come down.''
Seriously, people have been saying that since the 1960's.
So the House Price Crash concept has been around a long, long time, and thats why it bores the hell out of me.
The other issue relates to the broad-brush approach of the House Price Crash ethos: it simple does not take into account so many determinants that influence price growth of individual properties in separate locations.
Take Demograhia for example. I don't know who devised their methodology, but if it results in findings such as ''Bundaberg is one of Australia's most expensive locations'' and a plethora of other ludicrous notions then I don't think the methodology is very useful at all.
But property investment is not for everyone. I think you should buy with the intention of holding for 30-40 years.
For some that concept is very distasteful.
Each to their own I guess.
But what ever you do don't take me seriously: any fool could have bought the properties that I did for the price that I paid for them, and subsequently made a few bucks.
That said, I can't get my head around the ''oversupply thing.''
Blind freddy knows how much rents have increased across the board over the previous 20 years. So it just doesn't make sense to me. If there is an oversupply of dwellings then wouldn't rents have decreased over the past 20 years?
As I said I'm only a mug: so if someone can explain how rents are able to increase while there is an ''oversupply of housing'' then I would really like to hear their reasoning?
More bananas price goes up, less bananas price goes down?
