What any investment does is provide you an income stream. If you purchased property just prior to retirement then that is a poor investment choice (in my opinion) because you will have a period of negative gearing and never pay the loan off in your lifetime.
If you buy investment property before the age of, say 45 then property is a sound investment choice (in my opinion). This is because you will see capital growth and rental growth over time that will allow you to have an asset with increased value and rents rising at a pace, over time, equal to or faster than inflation. If you own your own house outright you can divert some or all of your prior repayments to the IP and set a solid income addition for your retirement.
Investing in property is no different to investing in shares - it is incredibly difficult to make a guaranteed short term gain, however if you hold long term then you will see gains and that is the point of investing. People who say property investors are only in it for negative gearing are morons of the highest order.
You are correct, it is simply impossible for EVERYONE to do this. However that does not mean people should attack those who can.
I'm certainly not attacking anyone who can, in fact I would like to get an IP at some stage myself. My main point is I think, going forward, it will prove more challenging making good money from investment properties, now that it has almost reached full mass market saturation.
The whole focus of the article I posted is of course the fact that 7 years after the GFC (Which was triggered by shonky property loans remember) we have an Australian property market that is the worst for combined returns in living knowledge. In other words every single major premise used to justify leveraging into residential property has now proven to be false. Or put another way, every single investor that bought in the last cycle has been duped.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
I'm certainly not attacking anyone who can, in fact I would like to get an IP at some stage myself. My main point is I think, going forward, it will prove more challenging making good money from investment properties, now that it has almost reached full mass market saturation.
Sorry Will, I was not directing that comment at you personally, more the demented bears on this forum who think investors in property are day traders who sweat daily price movements. You know the guys, head dipshit Dimbo, newjez, The Whole Fucktard etc etc etc.
If at some stage buying an IP works for you, I strongly recommend you do. But more importantly if you upgrade your PPOR and can afford to hold the old one, IME that is the easiest way to making money on property.
Good luck to you.
The Whole Truth
16 Sep 2015, 06:07 PM
The whole focus of the article I posted is of course the fact that 7 years after the GFC (Which was triggered by shonky property loans remember) we have an Australian property market that is the worst for combined returns in living knowledge. In other words every single major premise used to justify leveraging into residential property has now proven to be false. Or put another way, every single investor that bought in the last cycle has been duped.
The whole point of this latest in the long line of meaningless threads you start is grasping the smallest bit you think supports your misguided cause and driving it down the throats of all members and guests of this forum as if you actually know what you are talking about.
You are a loose cannon demented fucking idiot with too much time on your hands. But you are not actually gaining any traction with your beliefs.
Up the dose or change doctors would be my advice to you.
The whole point of this latest in the long line of meaningless threads you start is grasping the smallest bit you think supports your misguided cause and driving it down the throats of all members and guests of this forum as if you actually know what you are talking about.
You are a loose cannon demented fucking idiot with too much time on your hands. But you are not actually gaining any traction with your beliefs.
You've got him pegged
Quote:
Up the dose or change doctors would be my advice to you.
Far to many simple folk with mental issues have been allowed back on the streets instead of receiving the medical care they so desperately need.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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