There is no law that say all citizens must invest, but those inclined to will. If you take away property as a vehicle you are essentially left with listed shares. If you took all money invested in property and moved it to shares what would that do to share prices?
Nothing wrong with any investment class Matey.
But like any investment, sometimes a market can become overcrowded.
Once people perceive a particular asset class to be a dead set, no risk winner, the game is pretty well up.
When the BBQ talk is all about how well a particular asset is doing and "you got to get in there", you know to stay well away.
This is what has happened in Perth.
Every man and his dog piling into IP's, building up portfolios, all at the same time.
The result is an unprecedented high number of available rentals and landlords slashing their rents and relaxing conditions to try and attract tenants.
Perth property as an investment is a dud right now.
Houses and land are returning to their utility value.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
It's like some kind of mass delusion with the Perth based property bulls on here. The way Mike, Matthew, Skamy, Blondie and Black Panther carry on about Perth Property you'd expect the Perth market to be showing value increases of 10% each year.
It's like some kind of mass delusion with the Perth based property bulls on here. The way Mike, Matthew, Skamy, Blondie and Black Panther carry on about Perth Property you'd expect the Perth market to be showing value increases of 10% each year.
Instead, it's losing 10% a year!
Actually.. I am getting more bullish on Perth each month.
Next year, if I could possibly talk the wife into it... another trip to Perth might be fun.
Shopping list.
Fridge magnets for the relatives, T-Shirt for the kids (I visited to Perth and survived). Beer Coasters Wine Vastly over capitalised house not far from the CBD or beach that has got clobbered in price.
The Depreciation on the house compensates for any remaining downside risk IMHO.
It's like some kind of mass delusion with the Perth based property bulls on here. The way Mike, Matthew, Skamy, Blondie and Black Panther carry on about Perth Property you'd expect the Perth market to be showing value increases of 10% each year.
Instead, it's losing 10% a year!
This is the difference between winners and losers.
You are completely incapable of defying the crowd fear to buy in a downturned market. You are just like all those now weeping Sydney bears who could not see beyond a short term setback and pick themselves up a great investment.
The Sydney kids who shrugged off the naysayers and bought themselves a home in the city they loved in 2012 could teach the aging doomsters like yourself a trick or two.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
This is the difference between winners and losers.
You are completely incapable of defying the crowd fear to buy in a downturned market. You are just like all those now weeping Sydney bears who could not see beyond a short term setback and pick themselves up a great investment.
The Sydney kids who shrugged off the naysayers and bought themselves a home in the city they loved in 2012 could teach the aging doomsters like yourself a trick or two.
So, skamy.... If I don't buy property in Perth NOW i am a loser? well, you've sold me on it. Well done 😂😄
I own in Sydney with no mortgage Skamy. Tell me again how much of a loser I am 😄
This is the difference between winners and losers.
You are completely incapable of defying the crowd fear to buy in a downturned market. You are just like all those now weeping Sydney bears who could not see beyond a short term setback and pick themselves up a great investment.
The Sydney kids who shrugged off the naysayers and bought themselves a home in the city they loved in 2012 could teach the aging doomsters like yourself a trick or two.
so you are saying anyone piling into Sydney right now with crowd greed is an idiot ?
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