## property bubble ## beware..!!!!, page-34

re: ## property bubble ## I'm only paying $65/week for a one bedroom flat in Newnham, Tasmania; a few kms away from the TAFE I go to. Can anyone beat that for value?

My Mum just bought a house for $79k in Penguin on a hill with ocean views over some cattle paddocks. Go the rural properties! It's a good way to escape the bubble, if you like the lifestyle.

I don't expect property in TAS to crash too soon because interest rates are stagnating, and if the RBA has any interest in maintaining corporate Australia, they will keep rates low through this bust. But why aren't companies discerning these times and stopping dividends to pay off debt instead? Who cares if the share price tanks. It's now a matter of survival and the foolish will perish. For this reason, property's income is more guaranteed than shares, because you can't eliminate the greatest cost of living which is housing.

The borrower is servant to the lender.
Anyone borrowing money is the bank's servant and the bank is their master.
Anyone borrowing a house is the landlord's servant and the landlord is their master.
A negatively geared servant to the bank is a fool.