Mikey old boy. You are as naive as the rest of the people in this forum. I ask you this. You say you don’t care if the place falls down – well I would be there goes your investment. I’ll use an analogy for you to understand what you are doing. You are shopping at the $2 shop buying cheap products that seem fantastic for the price. What happens though after a few days when you take it home – it falls apart and you say “gee i would have been better buying one for the full price – better quality etc.” What everyone seems to be missing in tails’ point of view is that he is saying you need to buy quality property and to do that you need to spend large amounts of money. You guys are buying duds, therefore you will be continually forking out money for repairs maintenance, having to kick drop kicks out etc. Think about the type of properties you are buying – shitheaps – who lives in shitheaps – shitheads. All I can see is problems for you people. Times change we are at the peak of the housing boom cycle as tails says cash up and look for other opportunities, don’t restrict yourself to “safe” property as you can still get burnt.
“Be greedy when everyone else is fearful and fearful when everyone else is greedy”
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