Andrew Page

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463 appearances 1 recordings 1 series first heard Aug 2021 last heard Aug 2021

Andrew Page’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Property vs. Shares | Money & Regret Ft. Andrew Page · 23 Aug 2021 podcast

Things can go wrong with that strategy.

And I would just urge people considering it with property is that there's a couple of things if you're doing that you need to be comfortable with.

One is that leverage works both ways.

So if property goes down and believe it or not, I know it doesn't

It doesn't feel like it in Australia in the last decade or so.

But the global experience and the longer historical experiences actually does go down.

That can wipe you out.

You still have to pay back the amount of debt that you've got, but your equity is absolutely gone.

So you can lose a lot of money.

are doing it that way.

Here's the other thing too, particularly when you factor in the real cost of ownership, that is you factor in all of the money you have to pay just to keep the house, rates and maintenance and all the other kinds of things, is that in fact, even if it only goes up 1% or 2% per annum, you're probably still behind as well.

You've taken on a huge amount of leverage.

There's a massive interest component to that.

Interest rates might go up.

That's really the talk on the market right now is inflation risk.

And it's a risk because if inflation goes up, that will mean interest rates go up.

So it's not about me sitting here today forecasting this stuff.

I think this is where a lot of economists and financial punditry goes wrong.

This will happen, and it will happen by this extent and by this date.

I'm not that smart.

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