Bingo. The only people guaranteed to make money out of real estate
churning are agents, banks and governments.

My Sydney property has increased in value 10-fold since I bought it.
BFD. It'd cost me as much or more to buy another but I'd be shelling
out all the expenses. Only answer is to sell & move somewhere cheaper
if you want to cash out - and hope there are enough suckers with deep
pockets to pay.

In my case I don't care. I saw undervalued RE here in Tasmania, bought
in and now have a nice waterfront place that's paid for, and could be
sold for 3X the purchase price. Once again, BFD. They aren't making
any more waterfront RE so selling leaves me ...... where?

Idiots like Bob**** think they can sell to some other sucker for an
inflated price while pocketing the cash and moving on to the next
undervalued property. He also seems to think it's about floor area
etc. Hah. The house I'm just finishing building (another thing Blobby
is incapable of doing, actually building anything) has a total floor
area less than the top floor of my Sydney place. Bigger isn't
necessarily better.

PDW

"gonefishiing" wrote in message ...
that is the point.
even if your property values go up. you cannot realize the gain unless
moving to south america
as all the properties around you have increased by roughly the same
percentage.
what it will buy, is leverage with banks to buy more stuff which is
valuable.


OzOne wrote in message ...
On 06 Oct 2004 12:42:07 GMT, (Bobsprit) scribbled

In effect Bubbles, it means nothing.
I'd have to get out of Sydny to realise the capital gain.




Oz1...of the 3 twins.

I welcome you to crackerbox palace,We've been expecting you.