rebel the problem is people are treating property like stocks and its buggering up the economy.
the reason the wealthy bought property / assetts in the past is if you have $50,000,000 and leave it in cash, the interest after the tax is less than the inflation, so it erodes away. as well as spending it.
not only that, banks can lose your money. not only that, you would give them $50mil and they would give you a little book in return telling you they have your money!
people with great wealth invested it in assetts like business's as well as property for these reasons. remember house's were not going up 300% a decade back then or else houses would now be worth $10bil each! they bought it as it was a safe exchange for money, and gave them a weekly return.
but people think because of the last 15 years that house prices allows you to make money faster than stocks and is 100.00% safe. so everyone has jumped on this band wagon with their eyes closed and the price has gone out of wack from the demand.and they think this will last for ever? (hilarious!)
1) dont put all your eggs in one basket,
2) buy low and sell high
very obvious rules, funny how these profesionals have their eggs in one basket, and telling us to invest in a assett thats currently trading at al all time world record high? breaking both these basic rules of investing!
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