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They should. It would make the swings bigger and put more money in my family's trading account.
I could build paradise 5,000ft up a mountain and it would be too much effort for some to walk up.
Well that really depends what you buy them for, with what and how long you hang on to them.TBH if you're going to make it your mission to buy as many as you can then you're probably going to end up among the fools who go broke and belly up. All good to own 7 investment properties until you're underwater on 5, three of them are empty and you only earn enough to cover the rent on 1.
Damn son, if you're in the position where you can already pay cash for multiple houses then Lieutentant Dan says you don't need to worry about money anymore.Well that really depends what you buy them for, with what and how long you hang on to them.
Pay cash and you have very little exposure. Once they are rented you have a very good income stream.
His.
Damn son, if you're in the position where you can already pay cash for multiple houses then Lieutentant Dan says you don't need to worry about money anymore.
How many beers are you down when you post?
And 10x180k bank loans. Who the * is being loaned 1.8mill?You don't buy them the bank buys them. !
You could've picked a house for 200k and watched it double within 6 months if you knew what you're doing. Then you could've split that 200k equity into 10x20k deposits for 10 more 200k homes.
That's a Ponzi scheme.You don't buy them the bank buys them. Any idiot could've done it before the credit tightening!
You could've picked a house for 200k and watched it double within 6 months if you knew what you're doing. Then you could've split that 200k equity into 10x20k deposits for 10 more 200k homes.
.
Lol, 50%?
A 20% price decline in a debt-financed illiquid market is a crash.
But they are. Same levels of unemployment, recession, etc. Just nominal prices float for a decade.
Yep and yep.Nope and nope.
True. I remember people telling me that house prices were over valued in back in 2005 and wait for the market to fall. Thankfully I didn't listen to them.I've heard of people doing this my entire adult life. Most of them don't get a win on the board.
regret is always a bad outcome in regards to any market crash, or market surge.Lol, 50%?
A 20% price decline in a debt-financed illiquid market is a crash.
Our tax system?Our tax system won’t allow a housing crash but I think a gradual decline of 20% in 7 years in plausible.
Ok firstly, wtf does the tax system got to do with anything?Our tax system won’t allow a housing crash but I think a gradual decline of 20% in 7 years in plausible.
People just want a doomsday scenario. Two years before it was incessant wailing about property prices potentially increasing by 10% a year for the rest of eternity and pricing an entire generation out of the market and yet in the space of 24 moths, people are talking about a crash of biblical proportions. I've noted this forum has a propensity to rail against political biases in the news, yet the enormous professional bias of "property journalists" doesn't stop them from lapping up every Chicken Little story about the next disaster that's right around the corner. The actual figures from the independents are grim, but not diabolical.These declines are a result of tighter credit. Lol if you think that's going to last 7 years.
Supply and demand plays a large factor in to house prices.True. I remember people telling me that house prices were over valued in back in 2005 and wait for the market to fall. Thankfully I didn't listen to them.
Nobody can tell how the market is going to react. There was an economist who lost a bet in 2008 saying that prices will crash by 40% and had to hike to mt Kosciuszko after losing. Seeing that prices have almost doubled since then, they would have to fall 70% for him to be right.
Prices won't always go up, I'm just pointing out that nobody can acuately predict the property market.
Though at the moment the market is clearly in decline in Melbourne and Sydney. The reason in hindsight is because of banks tightening their lending. I believe access to loans is the biggest driver for house prices.
I can't picture a motivation for selling at such a loss, I'd rather hold.