Forum Replies Created
Monoploy
You no what you are right I cant spell. By the way love your forum name.
Let me tell you a story , when I was 8 years old I went to a party and all us Kids cousins 2nd cousins etc decided to play monoploy .I was the youngest and had never played before. Anyway to cut a long story short I won the game as was over the moon . I played with the hat . Still my favorate peice today. From that day on I would always play the game and would win most of the time. It just made sence . People ask me today how did I ever get into investing in property and I tell them I always loved to play monoploy . They laugh but it is the truth.The hole idea just makes sence.That is a great forum name
Any way back to forum you are right about drouin , but there is some tacky propert around there that you can get cheap do a quick lick and get about 7,8,9 % return
Cheers Rick
p.s that last post I put in I pushed the wrong botton and made a mistake I am useless with computers . Just bought my first one a couple of weeks ago.
Thanks Jenny
Eeshole & Marisa,
All you have to do is look back through history. There are always lows in the market at some point after a boom. They usually come due to some sort of event eg. recession, wars, collapsing of economies, natural disasters, maybe this time it will be just properties falling into line with peoples pockets. Some people think that properties cant go down but I clearly remember a time not so long ago when people were locking in interest rates at 15% for 10 years because they were going up so quickly. We probably wouldnt dream about 15% interest rates these days.Overall, I dont think properties will drop too far and if they do it wont be for too long. I think people are much more switched on these days even opposed to say 10 years ago. Just look at sharemarkets when they drop it only usually takes a few days when you get other investors saying to themselves “what an opportunity to buy at the low end of the market” in turn this drives the market back up to where it was very quickly.
Steve McKnight,
In answer to your question, do I think property investors should be watching what is happening in the new homes market. Yes, of course they should and property investors are going to have to rely on other forms of making money rather than just capital growth. Eg. they will have to think different to get their positive geared property and to make capital gains the properties will have to have some sort of transformation. This will make it a little tough hopefully drive out non serious investors leaving more opportunity for the more serious property investors.
Cheers, Rick [drummer]Trying to think different to be successful
