dc---well thanks for all the compliments,my calculator says overall r/e is still a great thing to buy,you just need to be careful where and what.
well now dc, one other little thing, my little property is approx 78% debt,due to a series of unfortunate events the GFC being one.
i listen to all the doomsayers,its to dear,it must come down, this reason and that reason why it must come down.
well i bought a little unit because it offered the right affordability/lifestyle mix---but the big part is affordability.
i hear about mortgage stress,well it wasnt easy at 13% it wasnt easy under Mr Keating in the recession we had to have at 22%[and i had a good margin some were on 26%] yes dc 22% on 400k.
so dc76 i hear what everyone says,but i notice they dont turn the a/c off,and i see the new car parked in the double garage next to the jet ski,and then of course the o/s holidays.
yep they are the experts predicting the fall in r/e values because their lifestyle is so difficult--i have been working for almost half a century,some bits have been incredibly good and some so bad,so just like a farmer theres good seasons and bad ones and i will prevail,and just so you know my wifes home is paid for,my children are in good positions both have purchased homes.
so here i am enjoying lifes adventures--but r/e will not see any broadbased substantial decline
