The Property bears make me laugh all the way to the bank., page-85

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we have a bulk of our assets in property!

it is better to have assets in lower priced properties than higher prices properties,

as they hold there value better in a financial crisis!
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nz property is quite attractive for us,

as there is no stamp duty

or

cgt

and we have a corporate trustee!

it is less of an issues if we under pay a bit of tax!
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