I do the sums on how much the wrong advice would have cost you.
You know, things are so big and moving so fast that’s it’s hard to keep track of things.
It’s amazing to think that just 18-months ago, all the banks were talking about double-digit price declines. CBA said falls of 32% were even a possibility.
Did it happen?
Now prices are what, up 20% or there abouts. With no sign of slowing down yet.
So imagine if you listened to them.
Or imagine if you listened to Harry Dent or Martin North. These guys, like a broken record, have been predicting a property “crash” for close to 15 years now.
There’s always people who want to believe them. There’s always people who will buy the books or attend the seminars.
“How to Prepare for the Great Crash of
2005 2010 2014 2018 2022.”
(Any day now. No, totally. Any day now.)
Imagine if you had listened to them.
And this isn’t an academic question. People had money on the line.
Imagine if you sold out of the market, like Martin North did, selling his Surry Hills apartment in 2005 for a couple of beans and a button.
Imagine if you sold out.
Or imagine if you didn’t buy. Maybe you were ready to get in the market, and then saw that the great crash was coming, and decided to sit on your hands.
Where does that leave you?
Well, depending on which capital city we’re talking about, probably down about $300,000. Something like that.
That’s real money. We’re talking real money.
It’s real money real people don’t have in their pockets because they listened to the ‘experts’.
It was the same story in 2011. Robert Kiyosaki – the author of ‘Rich Dad, Poor Dad, Terrible Property Investor’ was in Australia, saying that Aussie property was overvalued and set for a significant question.
Poor ol Dymphna Boholt had to follow him on stage and explain why this super-star was wrong.
But he was wrong. Way wrong.
Imagine if you got out in 2011 and stayed out. Where would that put you.
Down a million bucks or something?
Instead, imagine if you had listened to Dymphna in 2011 and bought into the Sydney market.
With her strategies behind you, your net worth would have to be up about $2-3 mill at least by now.
Or imagine you came to one of our events last year, and listened as we laid out the case for what was going to happen – the record low interest rates, the money printing, the massive stimulus and infrastructure program.
We laid it all out.
The boom in household income and savings, the mortgage holidays, the rebounding consumer confidence.
We laid it all out. And we said what was going to happen.
There’d be six months where prices would pause, or maybe retrace a little.
And then all the easy money would kick in and things would boom.
And I think there’s enough data up on the scoreboard to say we were right.
It happened much as we predicted it would happen.
And where would that have left you, if you’d listened to us?
Up about $300 grand on my maths.