Example of the times, friends in Hervey Bay were into buying/...

Example of the times, friends in Hervey Bay were into buying/ renovating/ selling propertys up this way made some money when the times were good over the last 5 years, their last project was a small 2 bedroom ($245000) which they converted into 3 bedroom came up quiet nice, spent at least 5 months full time work and at least $40000 on the project, now been on the market (Empty)for 6 months at $285000. Do the Maths, not good
When we arrived here, there were no 3 bedroom houses under $300000 now plenty for $260000,
When i was a young fella my Uncle Mick use to say, Bill buy assets not liabilitys. words of wisdom in this age of excess spending.
married an asset as well 2nd time round, LoL