NSW So what was being said about Sydney in later 2013 on Somersoft ?

- is that networking in terms of having agents or other sellers getting deals to her? or something else as well? Thanks

 

There are several forum members who have had similar success like " K " has had over the years . My observation is that they're all different in their approach , but they embrace it whole heartedly and just " go for it " . Comes down to how much time and effort and thought you put in to it .

Cliff

 

1+

 

Its not easy to source deals in US at the moment because everyone is chasing the same deals and inventory/stock is at an all time low, you also need boots on the ground.

I think I left out.... persistence and feel the fear and do it anyway:0

As Cliff mentioned.....lots of successful investors on PC

MTR

 

Networking is key in every aspect of life including investing! I would love to spend some time with her and others to share information and stories/journeys.

 

Could not agree more. Networking is everything.

 

I'm no psychologist, but I think you'd find a lot of people on an investment forum will predict within that small-moderate growth range. We'll slant towards optimism when asked to make a prediction, but since it's a guess and people want to be right, they'll also guess conservatively: too much optimism seems like a crazy gamble, as does too much pessimism. I bet if you polled a bunch of renters or would-be first time buyers they'd probably slant towards the negative result and favour a slight price discount.

 

I've never felt being pessimistic has any value. Be realistic about where markets are at but always optimistic that you can find great opportunities in all kinds of places. Personally I have no room for pessimism in my life. Pessimism is for the financially broke.

 

Didn't think I was around back then. But this is what I said:

"Just watched Alan Kohler on ABC news

He showed a graph of house prices in Australia over the last year or so.

Alan seemed amazed at how prices have increased when compared to several other countries. He doesn't seem to think prices will continue to rise. Get Real.

See

Australian dollar bounces back"

Get real Allan lol. He probably lost a packet on stock market.

 

Same here, when it comes to investments, pessimism is for the lazy and gutless. Opportunities are aways there for those who are keen and bold enough to take it. Optimism is only dangerous if someone who is clueless and lazy(aka sheeps in the herd)

 

Couldn't agree more.

 

The last IP I bought in Sydney was in 2012. I sensed the timing was right and saw the 'value', but in all honesty, I totally underestimated the magnitude of the % growth that would occur from 2013-2017.

I don't really listen to 'experts' anymore - on this site or in the media. Well, I'll listen but will always make up my own mind. If the numbers stack up whilst the sentiment is negative, don't hesitate.

 

Hey, @datto, but then Rupert had helped him out a bit... http://www.smh.com.au/business/medi...s-spectator-owner-for-30m-20120620-20ohe.html

 

Lucky bugger.....30 mill.

 

Maybe if you, me and @Simon Hampel started up Property Spectator, Rupert might sling us $30 mil too, so it can become a subsidiary of The Australian business section as well?

 

Top idea. I could have my own column ....."The Druitt Report.... Where to buy and sell in the Druitt" lol.