Which just might explain why central banks seem ta be rather more focused on employment rates (plus some other things) than housing prices?
The guys who have done the best in my experience, are those who have never sold, just paid them off and bought another. The ones that Merrill Lynch would call dumb.
Take risks - if you win you will become wealthy, if you lose you will become wise
The guys who have done the best in my experience, are those who have never sold, just paid them off and bought another. The ones that Merrill Lynch would call dumb.
So the ones that held on while Central Banks Bailed out the Global Economy will be the same ones holding on when the Central Banks Can't do it again......
Oh wait you believe they will always be able to "Save" the Economy.............
So the ones that held on while Central Banks Bailed out the Global Economy will be the same ones holding on when the Central Banks Can't do it again......
Oh wait you believe they will always be able to "Save" the Economy.............
Can't wait for that Illusion to get smashed.
The RBA didn't bail anyone out, and yes the RBA can do it again. Your complete misread of this issue will cost you dearly.
Take risks - if you win you will become wealthy, if you lose you will become wise
Simon_S: "No one will lose their job in the Bust will they"
I do believe I can state wif pretty much absolute certainly Simon, that all me ole grandparents wot lived thru The Great Depression would VERY much rather have owned their homes than bin tenants during it.
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
An investor with multiple properties may regard his properties as "stock" to be sold off and replaced with better stock like a share trader, although it's still not a great trade due to the transaction costs, but a home owner with just the house they live in just doesn't see their home the way a trader views his portfolio. No one ever sells their car because it's value is falling, because they need the utility of owning a car, same for a house. If they didn't own they would have to rent.
Well duh. That's what the guy is basically saying: the suburbanite has no disposition to handle their investment like a trader. Property is a sub-optimal investment or a fantasy if it has no risk profile.
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