Thanks Rampage but I have gone past caring what others do.
I still remember in 1999 when I first saw the prices beginning to move. At the time I could not help but remember some of the incredibly cheap house sales I had seen only 5 or 6 years earlier.
I was kicking myself that I did not take advantage at the time but since I was able to learn from my mistakes I jumped in boots and all with several purchases which have since yielded fantastic growth.
So now here we are again, another crisis and this time I am way more cashed up than I was in 1993. This time I am not going to sit by the sidelines ummmming and ahhhing.
Mortgagee sales? Bring it on! Mass Unemployment? Bring it on! Mass Sales? Bring it on!
If I can see the owner/renter ration shift from 70/30 as it is now to say 60/40 that will be great for landlords.
Imagine if you can buy your next properties and they are cash-flow positive from day one? Why would you hesitate? Rents will only rise, the more they do the more cashflow you have.
We live in midst of plenty if only we can recognise it as such.
