I come here because there are, say, 50 people combing the internet and finding relevant property related articles and data and posting them back here, so it saves me time looking for them myself.
And the reason im interested in property related articles is because im constantly making decisions on whether to buy or sell property.
These same reasons apply to bulls and bears. Everything else is chest-beating.
I come here because there are, say, 50 people combing the internet and finding relevant property related articles and data and posting them back here, so it saves me time looking for them myself.
And the reason im interested in property related articles is because im constantly making decisions on whether to buy or sell property.
These same reasons apply to bulls and bears. Everything else is chest-beating.
It's a good thread though, I never knew there were so many bears lurking on the forum. The bulls are here basically to bolster their confidence after 7 years of property mayhem and I can't fault them for that, even if they are full of exuberant rubbish. But every bull seems to have 2 socks, as if increasing the number of bullish posts will help home prices rise
I just wish they would be honest and admit that capital gains was the primary motivation for re-mortgaging their homes and leveraging up to buy extra ones, all this insistence that yield is the reason is so patiently false.
I know landlords who are retired and own outright, it's just not possible for them to live at the same standard as when they were working, the rents are very ordinary and old homes are like old cars and old people, they need a lot of maintenance or you see your rents dropping relative to newer or nicer homes.
It's a mugs game where only the banks win in the end.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
I come here because there are, say, 50 people combing the internet and finding relevant property related articles and data and posting them back here, so it saves me time looking for them myself.
And the reason im interested in property related articles is because im constantly making decisions on whether to buy or sell property.
These same reasons apply to bulls and bears. Everything else is chest-beating.
What do you think is going to happen. Peter
I don't know what's going to happen. I think it's just about probabilities and risk.
It's like like if you flipped a coin and you asked "do you think it's going to be heads or tails?" I could pick heads, but it doesn't mean I think it's going to be heads. You could say "If you pick heads and it's heads, I will give you $1, and if you pick tails and it's tails, I will give you $2." I would pick tails, but I still wouldn't actually think I know what's going to happen.
Say you rolled a dice and you said I could pick 5 or 6 and if it's a 5 or 6, I will get $10. Or I could pick 1-4 and if it's a 1 to 4, I will get $1. In that case I would pick 5 or 6, even though I knew the probably is better that it will be 1-4, because the roll is worth $10*(2/6) = $3.33 whereas if i pick 1-4, the roll is worth $1*(4/6) = $0.66.
So, with property I'm particularly interested in the Sydney market because that's where I live. If prices have risen and rents have not, it just means I'm less interested in putting more money into property because the returns are worse and there's a higher risk of a crash. If there are real risks to the economy that also plays a factor, so I pay attention to news articles on the economy. But I don't know if prices will continue to rise or if they will boom or if they will stay flat or if they will decrease slightly or if they will crash. But I'm not buying anything new in Sydney right now. I used to look for bargains or places where I could add value but I have let up even trying for that for now. I am looking outside Sydney though.
Say in my dice example above if I bet 1-4 i would have better odds of winning $1, but if I picked it and it was a 5-6 i would have to pay $10. That's basically similar to the risk of house prices declining. So even if I think price declines are less likely, I'm not inclined to take the risk.
It's a good thread though, I never knew there were so many bears lurking on the forum. The bulls are here basically to bolster their confidence after 7 years of property mayhem and I can't fault them for that, even if they are full of exuberant rubbish. But every bull seems to have 2 socks, as if increasing the number of bullish posts will help home prices rise
I just wish they would be honest and admit that capital gains was the primary motivation for re-mortgaging their homes and leveraging up to buy extra ones, all this insistence that yield is the reason is so patiently false.
I know landlords who are retired and own outright, it's just not possible for them to live at the same standard as when they were working, the rents are very ordinary and old homes are like old cars and old people, they need a lot of maintenance or you see your rents dropping relative to newer or nicer homes.
It's a mugs game where only the banks win in the end.
From time to time you do raise some good points but your view on yield is absolutely naïve at best.
If someone has enough deposit to make a property neutrally geared, what's wrong with having a tenant pay off the mortgage for them?
You should have sold your gold a couple of years ago and bought cash positive property.
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