8 REASONS WHY YOU SHOULD NOT INVEST IN PROPERTY THIS YEAR

 

There are plenty of reasons why you should not invest in property in 2018. Here are some of the biggest:

 

1) THE MEDIA KNOWS BEST

 

The news media has been reporting an impending property price crash every month or two for the past couple of years.

 

Meanwhile prices continued to rise last year – see the below. Not a great track record hey?

Property Price Rises in Australia in 2017

Granted, even a broken clock is correct twice a day…but it’s not going to help you during the other 22 hours.

 

If you trust the media and choose to follow their ‘programming’ then don’t invest.

 

After all, surely that’s were Warren Buffet gets his investment advice from?

 

2) CASH IS SAFE, DEBT IS BAD

 

Debt is scary, and debt is bad. If you get into debt you risk losing all your money.

 

It’s much better keep your cash in the bank where you will earn interest on it.

 

Most banks today will give you a whopping base interest rate of 1 – 2% on your deposits.

 

With inflation at 2.1%, you will only be losing around 1% of your savings balance each year.

 

But, if that doesn’t sit well with you then why bother saving at all?

 

You’d be better off spending all that cash on lots of small items that will lose their value in a few years.

 

This way, it will be harder to notice how much you are losing each year.

Sure, you don’t get anywhere financially, but at least that money you could have invested in property has … um …

Anyway, moving on to the next point.

 

3) A LIFETIME OF WORKING FEELS SO DAMN SAFE

 

There’s nothing like a secure job to make you feel safe and happy.

 

Yep, week in and week out for the next 30 or 40 years of your life. Just doing the same old thing all year, every year until you reach 67.

Well, that is assuming the company you work for, or your job still exists.

 

But, if it does, then at least you know you’ll have enough super saved up to cover the first five or ten years of retirement. You won’t be living it up exactly, but you’ll be able to afford the basics….

 

Then again, if you never managed to buy your own house, paying private rent in 30 or 40 years’ time might be pretty costly.

 

And if you’re self-employed and don’t really have any super … well, at least you’ll have the aged pension, right? That $200 a week should be enough to pay rent on a one-bedroom apartment in Sydney, surely.

 

Oh well, so you’ll have to move to the country – or, go in for shared accommodation. But, at least you can assure yourself that you never put your financial welfare at risk by investing in property.

 

4) AN HOUR A DAY IN TRAFFIC IS GOOD FOR YOUR MENTAL HEALTH


Experts have recently found that a morning commute to work can prepare you for dealing with the stress that an overbearing boss can cause.*

 

If the traffic is moving, then the drive does much to switch on your nerve responses, enabling you to come up with witty throwbacks, while also holding your tongue.

 

Sitting in unmoving traffic, on the other hand, improves patience and teaches you to still your breath. This comes in handy when your boss is screaming at you for being late to work.

* As part of an unresearched and undocumented study at the institute of It sounds good so it must be true.

 

5) LIVING FROM WEEK TO WEEK TESTS YOUR MATHS SKILLS


In a similar undocumented study by the same institute, researchers have found that seeing how far you can stretch your pay check each week is an excellent form of brain training.

 

In addition to helping participants maintain their high school maths skills, keeping a tight budget also prompted many to come up with creative ways of having fun without spending money.

 

These included ‘virtual holidays’, where participants spent lunch breaks imagining what it would be like to travel, as well as dinner parties where the guests had to supply their own dinner.

 

6) OWNING YOUR OWN HOME IS SO PASSÉ

 

It doesn’t matter if you never buy a house, or even an apartment to call your own.

 

Home ownership is so passé nowadays. It’s much more trendy to throw away $500 every week on renting a two-bedroom apartment in the inner west, while you complain about your stingy landlord to your flatmates.

 

Hold that thought, maybe it would be nice to nest down one day. Luckily tiny portable homes built on trailers are all the rage.

 

Maybe you will bash one together by putting your high school woodwork skills to the test? That sounds like fun!

 

7) THE GOVERNMENT SHOULD BE FIXING THINGS SOON

 

We live in a democracy and the Government is all for the people – the greater need, the common good.

 

They will solve the housing affordability crisis, increase award wages and protect the rights of workers across all industries.

 

Yep, they will make things easier for us all.

 

That’s why they have finally laid cables for a world class internet sup…

 

Oh yeah, that’s right. Sorry, got a bit mixed up there.

 

That’s why the Government has maintained a public health care system of excellent stand…

 

Well, okay, let’s forget that last one.

The point is, the government has a great record of delivering on getting stuff done.

 

Why shouldn’t you hand over your personal power and put all your trust in them? Duh!

 

8) PUTTING YOUR LIFE’S WORK INTO ACHIEVING THE DREAMS OF YOUR BOSS IS GOOD KARMA

 

Property investing can help you exit the work force sooner so that you can focus on your life’s calling.

 

But, it’s much better karma to stay in your job and work towards achieving the goals of your boss.

 

Fulfilling your own dreams is selfish, after all.

 

DON’T EVEN THINK OF CONTACTING US

 

So, there you go – eight good reasons why you should not invest in property in 2018.

 

Just imagine how good you will feel in ten years’ time when you think back to your decision not to invest.

 

Your life will probably be the same, or at least very similar – if not worse.

 

You may have more mouths to feed and rent will have increased quite a bit by then – but, at least you will know that you played it safe all that time.

 

 

 

Ok, so this space looks unusually empty. That’s right, we’re not giving you a link to contact us here.


2 Comments

  • Sujit Menon

    July 27, 2017 at 2:05 pm

    What do you think is going to happen when the low interest rates comes back to the normal 7-8 pa % ? Good luck to anyone who have purchased below 7-8% interest rates and still have their loans outstanding.

    Reply
    • binvested

      August 8, 2017 at 4:34 pm

      Hi Sujit,

      We have always been advocates of creating safety buffers for when you invest. This includes making sure you could sustain a portfolio at 7-8% interest rates. Recently most banks have also been putting in place this requirement before approving new loans.

      Reply

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