Hey there my first post. I am currently invested in shares (google share investor)and i would like to get into property. I got divorced this year and had a stroke 4 years ago. Im starting to see the world in a whole new light. I no longer own a house. Do you think i should get into investment prop now or wait till this silliness over values stops - until houses crash in price. Do i go in now. I live in Auckland and i want to buy around Albany.
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Dear share Investor
A very broad question particularly when you say that you are waiting "until house prices in Auckland crash". What is a crash to you? The problem is that you don't know when the point will be. So, you need to find out what the market is, in your view and track the sale prices to see what is happening. Do you own property research and also look at your mindset. ie What do I need to do to be successful at property investing?
Cheers
Charlotte30
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Originally posted by Share Investor View PostI mean I would be into the market in a crash. I do the opposite to everyone else. A plan B? No..not really.
Let's say the Ak market goes up 10% this year and 10% next year.
Then 'crashes' and drops 15%
You would still be buying 5% higher than if you brought now.
Of course you might buy now and the market drops 10% tomorrow!
Timing the market is a fickle business.
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Originally posted by Share Investor View PostThey cant go up forever...im picking a big crash, 30% plus. Its crazy up there. See you in a month or so.
You need to use your crystal ball (everyone has a different one giving different results) and work from there.
Good luck.
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Doesn't hurt to have a bit of both.
Shares, bonds, real estate & a couple of gold coins.
Even Warren Buffet invests in real estate:
The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.
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