Oh, yes I understandf the idea of gearing up (OPM) in a bull ppty market.
Personal situation... well... odd.
- Bursts of big income,
- knowledge gained through working at a big international commercial bank
- both 3-year period in which I focussed on 'paying of mortgage' were not bulls, eg bought $120k ,sold for $150k some 5 years later when int rates 18 to15%, big ppty valn gain was while had no income for 4 years, followed by low income. (Career change - excellent for the soul)
Majority of my wealth is still in house (ie residential) and want to diversify (equities).
Oh, and, I now have more than a passing knowledge of the building industry (as an architect doing commercial work), and Energy/Limited Resources interests me more than building industry right now.
Not sure who I agree with on this thread (house prices gonna plateau for 2-5 years, cost of building will keep climbing big-time...which is contradictory, but both these things I think. New industrial ppty not slowing in narrow area I work, again some contradiction. There is a line of thinking that ties this together, relating income to cost of living trends over decades suggesting a gradual move back to cost of food/basics being a greater part of people's income...gradual shift in society.
Think I got too much sun today (sunny day in Auckland)