mascot-sydney, page-18

  1. 10,494 Posts.
    Bennybbc, unsold houses are like vintage red wines.

    The longer they remain unsold, the better they age and the higher a premium they can command.

    If you don't believe me, look at the Age article that Kincella referred to. Houses don't rot, they just mellow.

    Although the properties that I have been tracking were already down 30% compared to say October last year, I figured they must be haunted or having bad feng shui.

    I mean otherwise, they would have risen in price or have just fallen by 0.2%.

    That's not even money, considering a $1,000,000 home, the loss is only $2,000.

    Now I know why so many on the forum have embraced Kincella's words of wisdom.

 
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