hi kingy,
I am probably at the point where I don't really care about income - as far as RE goes - just diversity of assets.
which sort of makes land look like it might get a run ----------- which it never has in the past for me.
I don't really want to have any RE if I go by my heart (except for a couple/few places I use personally) - but, it is wise I know.
I find it quite amazing that there really are only so very few serious assets to hold wealth in - stocks or business, RE, Cash -
and I personally believe some metals (but, many people don't believe in them at all).
Pretty much all the rest are rubbish as investments IMO ------------------------ ok, ok, I know some people can do ok with specialist things (as I can) - but, I don't consider them serious investments (art, cars stamps etc etc)..
One of the biggest issues I have with any RE as an investment - is the illiquidity.
It's the biggest risk I see for Aussie RE - even in good times you have to allow a wait of months to see the proceeds - even in capital cities - in the country - it can be years.
The big risk is in downturns - that's the risk I see in a property crash - not the prices themselves - it's how the markets just sometimes hit a wall and you are stuck like a shag on a rock.
Pretty much any young investor has never seen something like that and if you haven't seen it is it hard to believe it can happen - but, it sure can.
Maybe it's just me - but, I sure don't like the way I am feeling about the world atm - and, if my feeling IS right - then, I would rather my assets be disposable very quickly or portable - which sort of puts RE in a bad place
Pinto
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