I have been reading some posts and people are woried about the property market at the moment. But infact all that has changed is that it has gone from a sellers market to a Buyers market. So if I was all of you i would be going out and making offers that turn -ve geared property into a +ve geared property. The worst thing that could happen is your offer is rejected.You might even be suprissed and get one or two accepted (that would ba a shame[biggrin])
Regards
Brett“Those who say it can’t be done are being passed by the ones doing it.”
I once heard someone say
‘If your not embarrassed by your offer then you are offering too much!’
-Blondie[lmao]
[jerry]GOSH! I love that show!
You’ll never know if you don’t give it a go!
I think I will wait a bit
havent really felt the market slow down, actually i see it still booming…
Cheers,
sisOriginally posted by Brett2:So if I was all of you i would be going out and making offers that turn -ve geared property into a +ve geared property.
I thought you are one of us like investing, therefore, I pressume that you are doing it right now, making a lot of offer, have you?
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Let me give you an example of buying in a Boom.
I recall that back in Oct 2000, I borrowed $10k and put the money into a BT Time (Technology)Fund. Do you remember those days when everyone was making heaps of money out of IT stocks.
At the time I invested, the unit price was 80cts after an issue price of $1. I thought – way to go – I am getting a 20% discount on those that bought when the fund was started.
In March 2004 its worth $3300. And the unit price is 26cts.
I am not saying property will go down by 60% but it could go down 5-20% or remain flat for a very long time – some say 4-10 yrs.
All i am really saying – is be careful – and dont expect similar growth for some time.
If you can afford it and you know the value may go down and you wont panic – then go buy properties. The key is time in the market.
Originally posted by yack:I am not saying property will go down by 60% but it could go down 5-20% or remain flat for a very long time – some say 4-10 yrs.
I don’t think that 4-10 years is a very long time. Especially when looking at real estate.
James
Milkmanjr;
I know investing in RE is for long term, but 4-10 years without any CG when (if) you are -gearing, then you are making alot of losses. Wouldn’t you agree?
[glum]Regards
StartAs a general rule i suppose the answer is yes.
I always look to neutral or slightly negative gear my properties. That way if there isn’t a large amount of growth, it isn’t costing me much for the property. If there is growth, then I am making more money!!
If I had highly -ve geared properties and there was little to no growth I would be worried though.James
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