Wd40 wrote:This article talks about Australians who made a killing by investing in US properties in 2007-2011 and have now benefited from both rise in USD as well as rise in
property prices in the US.
I think you have to base an investment decision on today's actuals*, rather than tomorrow's possibles.
For example If you can buy a place on a x1k/mo mortgage, and let if after all costs for x2k that sounds (very simplistically) viable. I have never bought into or relied upon promises of what might continue to happen tomorrow. Such promises, or hopes, just aren't secure enough to found a business upon.
Same way when I had to finance a loan at say 9%pa, the very stress-tested *net* income would be far more than (125%+) covered.
For all the people who you hear about who hit 'double cherries' at the top, are ten people who didn't and who decline to be interviewed (about their failure) for glossy magazines lol...
... probably why 'where i went wrong/and what I'd do differently now' articles are far and few between. shame, as those are the stories you can really learn from.
*assuming you've fixed your variables.