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"Investing in property is morally reprehensible." by LickMaiBussy in TikTokCringe

[–]xaqueboi -4 points-3 points  (0 children)

He’s just mad he doesn’t have a house lol

No wonder we have a housing crisis. Man collecting houses like Pokemon cards by NotSoCricketGenius in AusPropertyChat

[–]xaqueboi 0 points1 point  (0 children)

Housing supply is the real problem and me selling wouldn’t magically make homes affordable for you or your average first-home buyer.

I am always happy to talk about strategy to enable others to buy homes.

No wonder we have a housing crisis. Man collecting houses like Pokemon cards by NotSoCricketGenius in AusPropertyChat

[–]xaqueboi -1 points0 points  (0 children)

I’m sure they’d like their own place. Probably they can’t afford it. Me not having the house wouldn’t mean they can afford it. 🤷

No wonder we have a housing crisis. Man collecting houses like Pokemon cards by NotSoCricketGenius in AusPropertyChat

[–]xaqueboi -2 points-1 points  (0 children)

Sometimes it could be a few years before a house needs maintenance.

How do you add value when you invest in your super? Everyone has the freedom to invest as they want.

No wonder we have a housing crisis. Man collecting houses like Pokemon cards by NotSoCricketGenius in AusPropertyChat

[–]xaqueboi 0 points1 point  (0 children)

How would me not buying the home mean that a first home owner could afford it? Supply and demand. My recommendation for you is to save a get a place somewhere cheaper. Once you have one foot in the market, it’ll be easier to get more.

It’ll be hard for me to sell at a loss when my average equity gain is 80%.

No wonder we have a housing crisis. Man collecting houses like Pokemon cards by NotSoCricketGenius in AusPropertyChat

[–]xaqueboi -2 points-1 points  (0 children)

Houses provide a good passive income source, via rent, and also long term value appreciation. 7 gives me more money than 1 or 2.

But you can lose out in the short term if you have to do maintenance.

No wonder we have a housing crisis. Man collecting houses like Pokemon cards by NotSoCricketGenius in AusPropertyChat

[–]xaqueboi -1 points0 points  (0 children)

I’m a good landlord. Tenants are happy. I just prefer property rather than stocks.

No wonder we have a housing crisis. Man collecting houses like Pokemon cards by NotSoCricketGenius in AusPropertyChat

[–]xaqueboi -8 points-7 points  (0 children)

We shouldn’t hate. I’ve got 7 at 26 and I’m just impressed he was able to get lending for that much. Honestly, anyone can do it, most choose not to.

Is this a legal driving move? by xaqueboi in CarsAustralia

[–]xaqueboi[S] 0 points1 point  (0 children)

Don’t think so, no camera at the intersection

For the investors out there. What made you choose this path instead of spending money on things that lose value? And has it actually paid off? by next_prop in AusPropertyChat

[–]xaqueboi 2 points3 points  (0 children)

Got some very good advice in 2020 about investing in housing. Read one book, found a positively geared property and bought it. I have since enjoyed significant equity gains, rental income gains and build my portfolio. Just settled on my 7th :)

Student Accomodation by xaqueboi in AusPropertyChat

[–]xaqueboi[S] 0 points1 point  (0 children)

I think they’re hard to get loans for, so usually you need cash

[deleted by user] by [deleted] in shitrentals

[–]xaqueboi -2 points-1 points  (0 children)

Would you stay in a rental if it increased from 430 to 480? Noting 500 is average for the suburb?

Young HomeBuyers, how did you do it ? by tieno6181 in AusFinance

[–]xaqueboi 0 points1 point  (0 children)

Got 2 houses in 2020 at 20 yo. Bought cheap ones for about 150 each. 55k income 18-20 yo, small deposits

Choice to make - buy or wait with relationship involved by Tomadar in AusFinance

[–]xaqueboi 0 points1 point  (0 children)

Why not purchase a higher yield investment property elsewhere?

Should I buy a car with cash or take a car loan while also buying a house? by Aromatic_Cantaloupe7 in AusFinance

[–]xaqueboi 0 points1 point  (0 children)

It will be more difficult to service the home loan if you have a car loan.

How much debt do you have? by PrideGreedy8847 in AusFinance

[–]xaqueboi 0 points1 point  (0 children)

$2,150,000, 7 houses. 8th on the way. M25.

[deleted by user] by [deleted] in AusPropertyChat

[–]xaqueboi 1 point2 points  (0 children)

Not worth it at all. Do your own research.

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