How does it feel to be a residential property investor in Australia right now?
To know that you are the laughing stock of anyone who is properly financially literate?
To know that you are holding the worst performing asset in the country?
To know that high net worths mock you around their dinner table with chuckles & eye rolls whenever the topic of resi investing arises? (which it seldom does)
To realise that proper wealth can never be achieved through buying an asset which any member of the public can simply purchase for the same price?
To realise that negative gearing only works when house pricesare rising?
To realise that each & every year of negative cashflow must be totalled up, and then clawed back through an equivalent rise in house prices before you even break-even, let alone start actually making any money? Apologies if I lost most of you* on that one. *resi investors only
To realise that you have been totally brain-washed by acohesive and cunning industry which purposely operates to enrich their pockets,not yours?
To realise you were never smart and skilful, but only luckyfor a period of time?
To pick up the latest copy of the annual rich list and realise that not one single individual ever created their fortune through buying rental houses? Because what would they even know?
