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Why won't they ever generate a return? Are the properties you...

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nosirommit

1,995 Posts.

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22/09/17

16:10

Post #: 27401535
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Originally posted by TaylorSwift ↑

It is not selling a product, it is being predatory.

Hence why the word 'investment' was in quotation marks in my prior post. These will never generate a positve return (for the purchaser at least).

Financial planner should have a fiduciary duty to their client. Instead, they take a kick-back from the builder for flogging a dogbox. Then they make even more money by:

1) organising the finance, because all financial planners just happen to be mortgage brokers...
2) kick-back from their conveyancer mate who they refer their client to
3) kick-back from quantity survey for preparing the depreciation schedule
4) kick-back from their accountant mate who will do their tax declarations
5) kick-back from real estate agency for doing the property management

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Why won't they ever generate a return?

Are the properties you speak of over priced?

Or in areas that people don't want to live?

1-5) - If all the professionals you mention can afford to pay kick backs while charging market rate that is their own call.

You are basically assuming the clients of financial planner are idiots.
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