re: sell out while you can pacino
True, but it's better than not getting it.
Go and immerse yourself into property if that's your interest. Once you buy there are no thieving cows ready to manipulate the price of your property.
Whack in a 'stink bid' on a run down house on a decent sized block, subdivide it, build a unit out the back and rent it out. Live in and renovate the other one and whacko, your a property developer with two rentals. I used to do a little work in this area and there's always a chance you may get someone who just needs to get out of a less than marketable home, you're in the right place at the right time ..... and you get it for nics!
Stink bids will be encouraged by some Real Estate agents because it gives them the leverage to convince their client that the market really is flat (or whatever!), and gives them the opportunity to get a quick sale. which is what they want. It also puts the wind up the vendor, and gets them asking the question "Are things really this bad?"
Good luck TheJudge!
QTK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
