goodbye young aussie home ownership, page-228

JR ,

Actually , I don't use a financial planner . I've spoken to a few recently and they really didn't have anything to tell me that I didn't know.

Of course , they offered to manage my stuff for me .

They reason I went to them was because I'm starting to think about how I'm going to manage my super policy in a few years time.

As far as diversification goes , at the moment I have roughly equal amounts in property and shares with some cash on the side .

No , I'm not interested in stock options or any of those financial products . Too much work and too risky for the inexperienced ( like me ).

Back to property . Been some pretty good discussion here about the state of the market . I don't think anyone can predict the future , about all we can do is proceed carefully , i.e. sensible borrowing . Short of a another gfc , I think Aussie property is still on the way up.

I don't want to see massive gains as we all know where that will end . I would rather see steady as she goes with a moderate increase .

In a way , I'm happy to see some of the bubble stories in the paper . I'm also happy to see APRA and the RB caution financial institutions about inappropriate lending . I hope they nip that crap in the bud . Hopefully the market won't get away on us and we'll just have nice progressive growth.

Yes , some people have a big number on their mortgage statement . However , I think it is all relative . People have always pushed the envelope .

Remember , your first mortgage ? I'm sure like the rest of us you thought it would take forever to pay off . Compare that number to what your house is worth now ? There's a perspective element to this.

After the GFC , I was very concerned about Australia's future . Mainly because I thought we could end up with high unemployment if China completely fell over . Even property prices held up well , all things considered .

So now , 5 years down the track , employment is quite stable , China is still making stuff from our raw materials and life continues . The longer we go the more ( cautiously ) confident I am of the property market .

Yes , the world still has it's problems , but cast your mind back to the Lehman Brothers collapse , the bailout package drama in the US senate , the US fiscal cliff , Ireland , Greece and now quantatitive easing . It seems to me that we will manage to get through any crisis eventually .

As long as you're not living on the edge , you should be alright . :)