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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- Property
- the bears have won- i give up
the bears have won- i give up
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