I see you're still commenting without knowing all the facts . Becoming a bit of a theme for you .
Who said that I am banking on never ending above gdp growth ? That would be a very foolish investment strategy in my book . There are several other ways to enhance your investment property returns if you know what you're doing . Your comment sounds like it's from someone who has no experience in property at all and obviously thinks they're a bit of an economics expert . I have built new rentals recently ( I have posted about them before ) in an area where housing is quite affordable . I saw an opportunity where there was a lack of stock in a particular segment of the market . Consequently , they rented straight away and have proven to be very popular .
" You've parked all your resources in non-productive assets."
Once again , an uniformed and incorrect statement . I'm roughly 50% property , 50% stockmarket outside of super . It's called spreading risk . As a self acclaimed economics expert I thought you might understand that .
" At the expense of the tax payer ." Didn't you read my previous post ? As stated , my properties are positively geared . That means I am paying more tax than the average tax payer .And I'm not alone in that area .
So , I pay a higher rate of tax than you , I invest money in new builds ( employment ) and I provide rental accomodation for people who need it . At the same time I employ rental mangers ( more employment ) in that evil RE industry and even the odd tradey to do a bit of work on them .
So who's contributing more to the economy , me or you ?
