pzip
what do you think negatively geared means? it means you make a loss.
Secondly you only make money in capital gains when the house price goes up and you sell it on a high
when house prices fall and you sell it on a low you lose your current profit.
thats why smart investors buy low and sell high. not sell as it crashs's and buy after it booms
like said above, if you buy a house at $300K today, do you really think its going to keep climbing at this current rate? do you really think in 7 years you can sell it at $500K / $700K etc ? who is going to be able to afford it
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housing survey, page-35
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