At what point do you put your hand up and conceded that your idea was bad advice for the average punter looking for guidance circa 2012?
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And Bernard Hickey...
2009: Predicted 30% drop in house prices - http://www.nbr.co.nz/article/experts...sections-53388
2010: I was wrong about the 30%, it will be 10% - http://www.nzherald.co.nz/business/n...ectid=10664775
2012: Sells in Auckland and moves to Wellington, but does concede that he doesn't see it slowing down: http://www.nzherald.co.nz/property/n...ectid=10849613
2016: Let's just imagine prices will drop! - http://www.nzherald.co.nz/business/n...ectid=11675913You can find me at: Energise Web Design
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He is certainly right about the share market though. Has been a much better investment than property, with equivalent levels of leverage. Trouble is, the banks won't lend 60-90% on your share portfolio, at 4-6% pa...AAT Accounting Services - Property Specialist - [email protected]
Fixed price fees and quick knowledgeable service for property investors & traders!
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Well your downside risk is a tad higher...Free online Property Investment Course from iFindProperty, a residential investment property agency.
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Originally posted by drelly View PostAnd Bernard Hickey...
2009: Predicted 30% drop in house prices - http://www.nbr.co.nz/article/experts...sections-53388
2010: I was wrong about the 30%, it will be 10% - http://www.nzherald.co.nz/business/n...ectid=10664775
2012: Sells in Auckland and moves to Wellington, but does concede that he doesn't see it slowing down: http://www.nzherald.co.nz/property/n...ectid=10849613
2016: Let's just imagine prices will drop! - http://www.nzherald.co.nz/business/n...ectid=11675913
This is how he generates traffic to his site. He has done pretty well promoting his website though, good on him!
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Originally posted by Nick G View PostWell your downside risk is a tad higher...
There is certainly a lot more downside volatility, but there's a distinction between volatility and risk.
Isnt the a chance that your $1.2M house just won't sell because of your unlucky timing, but you desperately need the money so have to sell at a massive discount? Similar issue really.AAT Accounting Services - Property Specialist - [email protected]
Fixed price fees and quick knowledgeable service for property investors & traders!
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Originally posted by Wayne View PostThe big problem is that most people who rent wouldn't save and invest the differance between renting and owning.
They spend it!AAT Accounting Services - Property Specialist - [email protected]
Fixed price fees and quick knowledgeable service for property investors & traders!
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Originally posted by Anthonyacat View PostIn the sharemarket? Don't think so, really, certainly not if you're well diversified. I'd be surprised if we ever see the whole NZX50 drop-and-stay-down-for-years like you've seen in all sorts of property markets globally.
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We put our family home on the market in 1987. It took 2.5 years to sell.You can find me at: Energise Web Design
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