1 in7 taxpayers have atleast 1 investment prop, page-6

  1. 17,117 Posts.
    google it....
    and I can tell you it is not a problem...most of my friends have multiple properties, they are long term investors....it is their superannuation retirement money...but not held in a super fund

    they are not wishy washy...they are very confident about the future with property....they dont care much about house prices...they know it will rise in the future ...in the meantime they earn good returns

    at some stage in the future...in the next 30 or more years...they will cash in one property, that will pay out the remaining balance on the loans on the other props

    most will allocate or hand over some of the props to their kids
    all are rather conservative investors...dont trust the gung ho kids at the superfunds to manage their retirement money...they prefer to manage it themslves...

    difference between us and the kids...the kids would panick and sell up at the first sneeze...lose the money...whereas we know...a sneeze is par for the course....
    we invest for the long term,...not short term
 
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