I had two flutters recently on the stock market made 50% in november, then moved the money into another one i thought would bounce and make 50% again, basically doubling my original investment over two months.
how much have you guys made recently? oh thats right your all negative gearing depreaciating assetts and telling me how to make money!!!!.
reality is, its unlikly house prices will be this expensive in the next 20 - 30 years.
unfortunatly, you bulls let inflation cloud your judgement when you do the maths on what property could be worth down the track.. remember $1 now is worth about 40c more than $1 in 2018, but you dont understand that, or factor it in.
so buy now, you will probably never turn a profit, and end up selling it for less value and it will just cost you interest and CGT.. which i think is hilarious paying tax on inflation when you made no gain.
thats a even better reason why not to buy property.
besides, why buy property when you can make far more money in stocks in the next 5 or 10 years from these levels.
