When I spoke of using property as an ATM I was including aggressive neg gearers who revalue property every six months and borrow for another deposit. All the "how to make it with RE" books recommend this approach but it needs prop to double every 10 yrs just to meet the interest bill. Pre GFC 90% gearing was considered "conservative".
Being part of the older generation, I use credit carefully. The time has passed when one can get rich on other peoples money unless you have some particular advantage. Blind belief in property is NOT any particular advantage.
