property bull - and proud of my convictions

the terms bulls n bears...usually denotes one is either positive or negative....it originates from the stock market...

but has since been applied to the property market...
interesting to note, lots of the positive property people...do not call themselves bulls...

in fact they prefer not to be called bulls
they term themselves as neutral

well I am not in that team....

I am almost always very bullish on this investment...
with qualifications....that I have proposed here on a very regular basis....
I am against, the high priced inner city houses......
that is a no-no
apartments are fine...so long as they are in good suburbs...not all suburbs qualify....

the price must be, proportionate to the income earning capacity of the borrower...2.5 to 3 times earnings

I have been positive about property since the 70's, except for periods of unrest, and political problems....
the 70's to the 90's were almost catastrophic.....but anyone who bought or held thru that period, made seriously big money

when the market crashed in 1990...following the 1987 stock market crash....I became bullish mid 1990....and have been that way most of the time....
there was some serious huge bargains from 1990- 1995....if you could have got bank lending...or had cash to spare...
there was not zillions of bargains to be had....

***like the current period. most people held onto their homes...knuckled down...and renovated...whilst twiddling their thumbs....and they did very well..

the RBA made seriously big errors, raising interest rates during the GFC and beyond.....in Sept 2008 when they had to drop rates by 3%...there was an absolute perfect storm, to acquire cheap, bargain, discounted property, at the expense of your neighbour for a song...

since then...I have watched the bottom properties double in price, in certain areas....
the top properties....are usually associated with either a business failing, or huge stockmarket losses...from the high flyers...and end up as fire sales....

but the middle market is fine.....those conservative owners, have spent billions renovating, rather than upgrading...or wasting money buying and selling and paying stamp duties....they twiddelled their thumbs, buying time...waiting for the storm to pass over....
they can afford to....
unlike the stock market and the frenzy of a buy or sell...those investors can afford to bide their time...

so let it be known....I am a bull on property.....
and the current state of affairs sees me very bullish...subject to my usual qualifications......

rates are low, and going lower,
a change of govt...ie an election...will change everything...
depression will linger whilst this most incompetent govt in history remains in power...jobs will be lost...
and maybe, just maybe, you can buy your neighbours house, home for a song...
***but I dont rely on my neighbours misfortune...in order for my goals to work....
I use the overall general economy to plan my investment strategy...and to make it work....
the current demise, and turmoil in the stockmarket...is a very relevant indicator in my investment strategy

cheers
property bull
confidence will return... but will you be ready for it...