It's the ability to rationalise human nature and emotion that is what counts in this game.
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If you have just built a high quality and obviously brand new house in one of Auckland's most exclusive locations and (using round numbers to keep it easy, multiply by 3 if you wish) it cost you $800,000 to buy the land and build just before inflation took off and repriced all the materials and labour you used by + 20%, and now the market value for what you have created is $1 million and dropping by the day,
And you have got a permanent interest free loan on the house for $500,000 that you never have to pay back, this loan was super cool when all your mates were borrowing any amount they liked at 2.5% but it's even cooler now when fa people can get money and when they can it's 5+% and then you have another loan of around 200k that is locked in at around 3%.
And you can rent the house out at a very good yield on the amount of money you have put down after all expenses.
If a multitude of people came to your front door and offered you 250k cash for this whole thing you have (including the interest free loan which will go with the house)
And your wife told you that you're stupid and you should sell.
And a dude called 'Balance' from the internet said the same.
And all the people offering you the 250k said the same.
Should you let these people affect how you see reality and make you feel like you should sell your hose with interest free loan
Or should you call the nearest mental institution and have them all committed.
If everyone tells you that Black is white, what difference does it make to you?
Now what if an identical house was available next door on the same terms? Do you buy it or do you take instruction from people that live in an asylum?
The key to analysing and potentially using ANY information on the internet is developing a good sense of who to follow and believe and who not to.
99.9% of the information online is BS and a complete waste of time. This is information about ANYTHING, as I said.
Very good post sailormoon.....one of your best posts so far ..
Go OCA.... don't let all the trolls bash your SP
My posts were a frustration reflection of non holder as a result of falling sp
Yes I did. The insider news...no CR...