Quote:
quote:Originally posted by duncan macgregor
Whatever side of the fence you sit on the facts are these.
1, Landlords make money and seem to buy more properties.
some people make money in the sharemarket and buy more shares
2, Some landlords have low paid jobs, lack the skills of higher employment, yet end up filthy rich from humble beginnings.
Most successful share investors start from humble beginnings also and develop the required skills to make investing profitable
3,It is false economy to rent anything that is in continual use, other than for tax reasons, or for short periods of time.
Is it? What if you could make well above average returns in the sharemarket does it make sense to sink $300,000 into a house which has zero returns
4, Most rich people own properties most poor people dont.:D
I agree - most poor people don't own much of anything
5, Most rich people think property is a good investment.
Most rich people who own property think property is a good investment
6, most poor people find reasons to say its not.
From my experience, I would say that most poor people would love to own property, but they're poor - so they don't
Those are the facts as i see them but i am only a simple lad that owns properties,
How many properties do yopu own macdunk - apart from the house you live in that is
and plays the sharemarket for a bit of excitement.
I'v been watching your antics in the sharemarket for close on 4 yrs now and it's obvious to me that you don't make much money at it, if any - so, yes, I agree, you must be playing in the markets just for a bit of fun
MACDUNK