profile of the typical property investor, page-32

  1. 5,882 Posts.
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    having read this little gem loobs im wondering how you made your fortune---daddy give you a little head start did he so you didnt have to slog it out with the hoi polloi






    I can only conclude that these people, by and large, are impressionable and very easily influenced. Through their middle-class upbringing, they have been trained to believe that there is some sort of hidden secret to creating wealth that only rich people know about but rarely reveal to the public. This gives rise to the titles of their favourite books - did someone mention "Rich Dad, Poor Dad"? By purchasing their first rental property, they thought they were doing something different from the crowd and going 'against the heard' - and then the superiority complex kicked in. They were unstoppable. But, in fact, they were doing what a large number of unsophisticated middle-class Australians do in attempting to become wealthy. What was once a reasonably sound strategy to make a dollar has now become a very ugly situation for the unfortunate ones left holding the hot potato.


 
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