the bears have won- i give up

  1. 17,117 Posts.
    just had a couple of agents thru to value one of my babies...and to be honest I am devastated

    I had decided that I will have to consider cashing in some of my babies, so I can get a cash free pension for my retirement....
    instead of self funding my retirement
    so that means getting rid of all my assets....
    and then buying a monster house..... so I can access the free pension
    (your own home is not considered an asset)

    on the basis of their valuations, this one baby has only returned a compound capital growth of only 7% year on year
    geez....
    and I only received 10% gross income pa
    I am disgusted to say the least....

    after all, the other sales all returned 33% capital growth per annum, in just 3 years......
    in other words they tripled in value in 3 years....
    so there goes the good old days
    I guess I will have to wait until the media says its time to buy, before I see capital growth of 30% plus per annum again...
    in the meantime....
    I am with the bears
    cheers
 
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