Christopher Joye: You should be long housing right now, but beware regulatory risks; Aussie house price growth is accelerating, 8% annualised rate, way above wages growth
Christ even my mortgate broker, who is the most bullish man on property I know, is warning me about going too hard right now! I could be missing the boat but when he is advising me to stay on the conservative side I am happy to be having my lifestyle subsidised.
As long as the risk takers don't expect the mediocre to bail them out, then I'm happy for the risk takers to take risks and the mediocre to not. But risk takers of late seem to think that profits are private and losses are public, so fuck them.
As long as the risk takers don't expect the mediocre to bail them out, then I'm happy for the risk takers to take risks and the mediocre to not. But risk takers of late seem to think that profits are private and losses are public, so fuck them.
Catweasel say a finance the industry base on a risk take.
Ultimately, mouse bear whole the risk,
Not industry.
Analyst or fund the manager can the be fired for underperform,
But mouse shoulder financial risk.
It same with regulatory environment that joyealicious speak of.
As long as the risk takers don't expect the mediocre to bail them out, then I'm happy for the risk takers to take risks and the mediocre to not. But risk takers of late seem to think that profits are private and losses are public, so fuck them.
This risk taker has never expected anyone to bail him out, but he does get tired of people who are too frightened to cross the road but criticise those who do..
Any expressed market opinion is my own and is not to be taken as financial advice
It's worth noting that on an asset-allocation basis, almost every O/O is by definition "long on property", i.e. it represents an enormous percentage of his/her net worth.
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