Interest rates to 1 %, page-187

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Fat Bloater

11,846 Posts.

25/11/14

21:48

Post #: 14352065
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Originally posted by acorn ↑

Maybe we should stay away from names regardless of the definitions . I'm far more interested in the decision to sell and rent .

It's not something I would do however I can understand how someone in different circumstances might .

I have a parcel of blue chip shares that pay fully franked divvies and it is a pretty reliable source of income . It wouldn't be the end of the world if I sold all my property and bought more of those shares . Paid straight into the bank a couple of times a year without having to get out of bed and the franking gives them the edge . Yes , I remember what happened in the gfc and you would simply have to factor that in to your risk strategy .

That said , here's the thing with property for me . Firstly , it doesn't bother me doing a bit of maintenance occasionally and if you manage it properly , it isn't expensive if you pay someone to do it for you . It's more about management and experience .

Secondly , I like to have a place that is a home . Good long term neighbours , a sense of community , a shed space for all the toys and you can modify the place to suit yourself as you like . That's priceless for me .

Thirdly . Even in the event of a gfc if your home happened to halve in value , it's still yours . Living costs are low so all you have to do is earn a bit of spending money . Makes it very easy to sleep at night .

So in summary , I'm biased toward owning property however I wouldn't lecture anyone for making a different choice . I'm just more interested in how they came to that decision in the first place .

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"So in summary , I'm biased toward owning property however I wouldn't lecture anyone for making a different choice . I'm just more interested in how they came to that decision in the first place . "

Acorn maybe you need to re-read some of your posts to me and rethink your claim "I wouldn't lecture anyone for making a different choice"
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First 187 Last

Interest rates to 1 %, page-187

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

FBR's robotic home construction tech passes first US early-stage structural compliance check

Firebird snaffles Environmental Permit for Jinshi plant

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

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Interest rates to 1 %, page-187

Top Stories

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

FBR's robotic home construction tech passes first US early-stage structural compliance check

Firebird snaffles Environmental Permit for Jinshi plant

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

Featured News

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