Post to Facebook on 1/6/2020 3:30 PM
Commenting on “Home values fall slightly in May amid COVID-19 crisis”
https://www.domain.com.au/news/home-values-fall-in-may-amid-covid-19-new-figures-show-959558/
As predicted, the coronavirus pandemic has definitely a serious negative impact on the real estate industry. A lot more property owners are still hanging in there hoping for that light at the end of the tunnel.
Unfortunately, miracles do not happen, and that is why I am such a pessimistic optimist, advising against negative gearing and encourage saving, especially at early stage in working life. I experience losses too, but that does not cut into my life that much that I can't sleep at night.
Many parents are too afraid to "advise" their children about their life experience because their children do not want to listen to hardship, and just want to live for today, as the words "old age" and "retirement" are not in their vocabulary.
Advice is NOT nagging, and being a bit conservative is NOT unwise. It is important to remember if "it's too good to be true, it is".
Is my free advice too good to be true? Well, you'll be the judge. If I start asking you to invest in some scheme or donation, then you better get out of this group and don't have anything to do with me. Otherwise, stay tuned.
Do you think the fall will continue?
When will the fall pause and the climb resume?
When will it fall again after the rise?
I have blogged about this before, and these questions serve to test your memory? I shall discuss this later.
Thank you for reading.
Commenting on “Home values fall slightly in May amid COVID-19 crisis”
https://www.domain.com.au/news/home-values-fall-in-may-amid-covid-19-new-figures-show-959558/
As predicted, the coronavirus pandemic has definitely a serious negative impact on the real estate industry. A lot more property owners are still hanging in there hoping for that light at the end of the tunnel.
Unfortunately, miracles do not happen, and that is why I am such a pessimistic optimist, advising against negative gearing and encourage saving, especially at early stage in working life. I experience losses too, but that does not cut into my life that much that I can't sleep at night.
Many parents are too afraid to "advise" their children about their life experience because their children do not want to listen to hardship, and just want to live for today, as the words "old age" and "retirement" are not in their vocabulary.
Advice is NOT nagging, and being a bit conservative is NOT unwise. It is important to remember if "it's too good to be true, it is".
Is my free advice too good to be true? Well, you'll be the judge. If I start asking you to invest in some scheme or donation, then you better get out of this group and don't have anything to do with me. Otherwise, stay tuned.
Do you think the fall will continue?
When will the fall pause and the climb resume?
When will it fall again after the rise?
I have blogged about this before, and these questions serve to test your memory? I shall discuss this later.
Thank you for reading.
