Try doing some sums on Sydney Duck.
Start in mid 2012 with $500k and $100k down. (surely no-one who owned prior to this would have had any problem over next 5 years and many would be mortgage free)
Try to remember many buyers are upgraders (with far more than 20%)
So an average 80% gain over 5 years min with 20% down and assume ZERO capital payments. (unlikely)
and tell me, who is actually giving back right now with the 13% decline.
So the 2012 buyer had $500k equity at the peak. a 400% ROE, and has given up?? what $118k
Work your way up to mid 2017
By the time you have your big day in the doomers sun, it will be over.
AND THEN, compare that to the clowns on here in 2012 on telling many to not buy the bubble LOL
hahaaaaaaaaaaa
How are the renters doin?
- Forums
- Property
- "Official"
"Official", page-18
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)