property purchases speculating not investing, page-14

the way property is for us poor people who cant buy it all cash is it acts as a savings plan so when we are old (25 years away) we then have a income to retire on (yay).

BG, you just showed your hand. You don't like property because you don't think you can get rich off it in the next 3 minutes. I guess you chose your username for a reason!

What would be wrong with having a 25 year plan? I bought my first at 24, so would be 49 at that stage. I sure don't want to be relying on a super to retire on...

My personal financial motto: Houses and career for a guaranteed future; stocks, the casino, the track and the lottery for a crack at a short cut along the way.