While it's
easier and more trendy to be pessimistic, I believe that optimism is the only
realism.
There are
so many doomsayers out there, and I know because I regularly get trolled by
them.
There has
never been as much information about how to become financially fluent in the
public arena as there is today, however, there is just as much financial
misinformation and this has made many people pessimistic.
By the
way... I don't know a rich pessimist.
Yet based
on history, I confidently believe in the ability of a capitalistic society to
prosper on the back of our collective ingenuity.
And if the
last few years didn’t teach you anything, they should have taught you that
residential real estate in Australia is an asset class that is too big to fail.
Neither the
Government, the Reserve Bank, or even the private banks are going to allow it
to fail.
More than
that residential real estate is a great asset class to use to build your wealth
because it is underpinned by a large proportion of owner-occupiers, homeowners
who would rather eat dog food than give up their homes.
And
remember… 50% of these homeowners don't have a mortgage against their home,
having paid it off a long time ago; and a large percentage of the other
homeowners have paid off a significant portion of their mortgage.
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Wednesday, 16 August 2023