There doesn't really seem to be the option to be 'smart' with their money.
Last edited by MothersMilk; 13-12-2012 at 12:24.
And I get people wanting to set up a secure future for their families, I really really do.
But don't people see that everyone wants to provide for their children... from people in government housing to people in inner city mansions? It's becoming harder and harder for people to provide even one house for their family, when others have 10?
When is enough, 'enough'?
I really hope this is coming across in the spirit it is intended! I am not having a dig at investors, like I said, it's natural to want to provide for your family... just thinking about the system etc.
I am a single mum who has realised ill never get anywhere unless I save. I survive on very little but I put 10% of my earnings aside, without fail! It's not a lot and I could certainly use that money on other things but I don't touch it, it's mine. And in 5 years I'll have enough for a deposit on place of my own, hopefully... I have a plan, but I have to be patient.
Well I can't imagine that would do wonders for the availability of rentals.
Also, it would make it somewhat more difficult to be a self funded retiree, placing more pressure on government pension payments....
Look I agree with you it is getting harder and harder for people to get into the market but I was just making the point that it is possible for the average joe, just requires a bit more planning.
i don't think restricting the number of properties someone can buy is really the answer. The reality of investment properties is the majority of investors have 2-3 properties only.
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