Posted to The Age (14/1/2014) on 14/1/2014 at 2:25 PM
Commenting on "Baby boomers continue to squeeze out first-timers"
http://theage.domain.com.au/real-estate-news/baby-boomers-continue-to-squeeze-out-firsttimers-20140113-30qx1.html?rand=6343785
Investors in property or stock market have one and one thing in mind - how to get maximum return for their investments.
With a bundle of cash, and very low bank interest for deposit and no capital growth, even a primary student will understand that it is better to invest in something which might achieve either one or both growth criteria.
There are property investment gurus around giving advice on wealth creation. Some gurus have very doggy past, and a number will ask the audience to sign up at the end of their seminars to invest in development somewhere close to the universe boundary.
Many dreams turn to nightmare where their investment properties become vacant. Investing when the property market is hot spells doom for many, because when the market cools, the net capital gain is no better than having money dashed under the pillow.
Do first time home buyers just want a shelter? Unfortunately, many have high expectations of staying close to workplace, train station, bus stop, school, church, supermarket, etc. They can't sacrifice their sleep, the cafés or their previous fun life-style.
Life is a compromise, and we cannot have the cake and eat it too. Although one has to live for today, because no one knows what tomorrow will bring, one has to realise that the average life span is around 75. Few years of waking up early to get to work, toiling in the garden to landscape it or grow vegetable supplies, learn to cook and stay home for dinner, watch DVD instead of sitting in a cinema, etc will definitely make the difference to the mortgage repayment.
The day will come - it is indescribable joy when the bank manager rings to inform that the title is fully discharged.
Commenting on "Baby boomers continue to squeeze out first-timers"
http://theage.domain.com.au/real-estate-news/baby-boomers-continue-to-squeeze-out-firsttimers-20140113-30qx1.html?rand=6343785
Investors in property or stock market have one and one thing in mind - how to get maximum return for their investments.
With a bundle of cash, and very low bank interest for deposit and no capital growth, even a primary student will understand that it is better to invest in something which might achieve either one or both growth criteria.
There are property investment gurus around giving advice on wealth creation. Some gurus have very doggy past, and a number will ask the audience to sign up at the end of their seminars to invest in development somewhere close to the universe boundary.
Many dreams turn to nightmare where their investment properties become vacant. Investing when the property market is hot spells doom for many, because when the market cools, the net capital gain is no better than having money dashed under the pillow.
Do first time home buyers just want a shelter? Unfortunately, many have high expectations of staying close to workplace, train station, bus stop, school, church, supermarket, etc. They can't sacrifice their sleep, the cafés or their previous fun life-style.
Life is a compromise, and we cannot have the cake and eat it too. Although one has to live for today, because no one knows what tomorrow will bring, one has to realise that the average life span is around 75. Few years of waking up early to get to work, toiling in the garden to landscape it or grow vegetable supplies, learn to cook and stay home for dinner, watch DVD instead of sitting in a cinema, etc will definitely make the difference to the mortgage repayment.
The day will come - it is indescribable joy when the bank manager rings to inform that the title is fully discharged.
