How does it feel to be a property investor right now?, page-3

First 3 Last

Share
Profile

Follow
Sector

35,472 Posts.

2863

25/08/20

23:17

Post #: 46814980
Share

Originally posted by Broote1975: ↑

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?

Expand

Hey@Broote1975

given your lack of tax benefit understanding and long term leveraged ROE in the Australian market

what do you do right now....with zero interest rates?

1. for a job?
2, for income?
3 Upvote

Reply