"Suz it really sounds like you went into property investing with both eyes closed and no real strategy"
This is always the problem buying at the end of a boom or bubble. It is a big exit sign if people are blindly investing without even asking what the yields are as I have seen.
Passive 1, to say boomers will not sell for 20 years sounds like wishful thinking. Been to a few inspections recently, many were late 50's early 60's heading out of Sydney for a tree or sea change. My parents just did this as well. All selling expensive properties in Sydney and moving out of town, often spending less in the country or coast. In effect pulling money out of the property market, funded buy a huge loan from someone else that may not be as sustainable as outright ownership.
- Forums
- Property
- property worst investment..
property worst investment.., page-10
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online