Forum Replies Created
The other problem about negative gearing is that, sooner or later, the government (whoever it is) will have to do something to reign it in. The longer they leave it the uglier it will be when it happens….Mark Latham touched on this the other day before being pulled into line….
I once heard a wonderful quote by share guru Warren Buffett…’when the tide goes out you find out who is swimming naked’…I figure the quote applies equally well to property as shares and there are a lot of people out there over-extended because of ng.
Maybe I’m simple but I figure if a property can’t be at least neutral then you shouldn’t be in it…but then again I’m new to this game and haven’t even bought my first investment property….so what would I know.Hi everyone,
I have just joined the site as a novice looking to buy my first investment property. This is a great site, but I am having trouble keeping up with all the postings.
As for responsible investing, it probably means different things to different people depending on their goals and strategies. Apart from the obvious ‘do unto to others…’ there is reponsibility to yourself and your family. Some would say it’s irresponsible getting into the market at all at this time with so many warnings of the market being overheated about.
My goals are to get in and hold any property long term (i.e. 10 years+) and so short term predictions of market fluctuations are not so important to me. The market may well be heading towards a peak but I believe there are still good opportunities out there you just have to be flexible and work harder to find them. at this stage I figure it may take me up to 6 moths to be in the position I want to be in before taking the plunge (it may come sooner but I want to make sure the first one is really what I want.) Any advice is very welcome.
Wally
