Post to Facebook on 1/9/2019 10:36 AM
Commenting on “Melbourne suburbs where house prices rose the most and least since 2010”
At last night's (31/8/2019) dinner, a couple asked me where to invest in, for their son and daughter. My standard answer is there is NO one specific suburb or city because I am not the investor.
I have discussed several times about selection criteria, and most importantly one's mindset. People do not even spend time checking out and inspecting properties, verifying what I have said and asking me questions when in doubt. Should I be blamed if things don't work out?
So many people including real estate "professionals" have no idea about areas other than the house and neighbouring streets where they live in. Investing in real estate is in the magnitude of few hundred thousand or million dollars, and it is very expensive if a mistake is made.
Early this morning around 1 am, I was "chatting" through Messengers with a reader in this group. For privacy reason, I use gender neutral words "they" and "their". The reader revealed that they overpaid for a property and nearly led to their depression. I am still communicating with the reader, hopefully to find an optimal way to resolve their dilemma.
Blogging and messaging are not interactive enough, and that's why I like face-to-face and voice-to-voice communication. I am grateful that many of you have trusted me despite haven't met me before. I said many instead of all, because I have doubt about some of the group members.
The face-to-face meeting gives you the confidence that I am a genuine flesh-and-blood human like you are and NOT a snake-oil salesperson.
By the way, one attendee at yesterday's meeting remarked that I sounded like her parents reminding the tough time we went through in our younger days. The main difference between myself and her parents is that I offer suggestions how to avoid those bad old days.
Thank you for reading.
Commenting on “Melbourne suburbs where house prices rose the most and least since 2010”
At last night's (31/8/2019) dinner, a couple asked me where to invest in, for their son and daughter. My standard answer is there is NO one specific suburb or city because I am not the investor.
I have discussed several times about selection criteria, and most importantly one's mindset. People do not even spend time checking out and inspecting properties, verifying what I have said and asking me questions when in doubt. Should I be blamed if things don't work out?
So many people including real estate "professionals" have no idea about areas other than the house and neighbouring streets where they live in. Investing in real estate is in the magnitude of few hundred thousand or million dollars, and it is very expensive if a mistake is made.
Early this morning around 1 am, I was "chatting" through Messengers with a reader in this group. For privacy reason, I use gender neutral words "they" and "their". The reader revealed that they overpaid for a property and nearly led to their depression. I am still communicating with the reader, hopefully to find an optimal way to resolve their dilemma.
Blogging and messaging are not interactive enough, and that's why I like face-to-face and voice-to-voice communication. I am grateful that many of you have trusted me despite haven't met me before. I said many instead of all, because I have doubt about some of the group members.
The face-to-face meeting gives you the confidence that I am a genuine flesh-and-blood human like you are and NOT a snake-oil salesperson.
By the way, one attendee at yesterday's meeting remarked that I sounded like her parents reminding the tough time we went through in our younger days. The main difference between myself and her parents is that I offer suggestions how to avoid those bad old days.
Thank you for reading.
