Normal
If I were in your position I'd be considering seriously the likelihood of capital gain v capital loss, especially if you're not actually getting a decent yield to offset any capital loss.Exactly. And absolutely no guarantee of capital gain in the foreseeable future, and quite possibly capital loss.As Mr Burns has suggested if you were going to buy now, it would pretty much have to be on the basis of being prepared to hold for the very long term. I guess that isn't a problem at your age, prawn.+1. Yes, lots of people who bought, fully leveraged 100% of cost of the property at the height of the bubble, are now in considerable negative equity. Awful position to be in.Several properties here on the market for around $550K - $600K because that's what they paid, having borrowed 100% of the entry. That is more than $100K overpriced on the current market. Most have been sitting there for about three years.
If I were in your position I'd be considering seriously the likelihood of capital gain v capital loss, especially if you're not actually getting a decent yield to offset any capital loss.
Exactly. And absolutely no guarantee of capital gain in the foreseeable future, and quite possibly capital loss.
As Mr Burns has suggested if you were going to buy now, it would pretty much have to be on the basis of being prepared to hold for the very long term. I guess that isn't a problem at your age, prawn.
+1.
Yes, lots of people who bought, fully leveraged 100% of cost of the property at the height of the bubble, are now in considerable negative equity. Awful position to be in.
Several properties here on the market for around $550K - $600K because that's what they paid, having borrowed 100% of the entry. That is more than $100K overpriced on the current market. Most have been sitting there for about three years.
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