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Our young couples haven’t a hope in hell of buying their own made of wood family home, palace, nest and even if they get the huge deposit necessary they’re looking at a 30 year mortgage anchor hanging from their necks.
Contrast the happy speculator class that’s made and is making a killing from turning our housing market into a get rich casino unrestrained by any effective. CGT
” Fowler continued to pursue his property investing career with great success. He now owns 80 properties and has done 250 to 300 trades along the way. ”
” When Graeme Fowler wrote out an aspirational $20 million cheque to himself many years ago, he didn’t expect to be able to cash it.
Back in 2003, Fowler was already a reasonably successful property investor. He was not quite a millionaire, but he was getting fairly close to it. ”
https://www.stuff.co.nz/business/money/123506524/the-property-investor-the-20-million-cheque-and-jim-carrey
There may be rain and trouble in the economy and society but the happy speculator for capital gain has no worries! quite the opposite;
Singin’ in the Rain https://www.youtube.com/watch?v=swloMVFALXw
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