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

Let's not be negative on housing.

Housing has actually been a wonderful investment in recent times.

But I felt that, well, actually, I've got this debt against it.

I could just sell the thing, take all that equity, invest it in the market, again, sensibly and conservatively with a long-term focus, and then rent.

And then when I, you know, I love a good spreadsheet, as you know, Owen, I tried to, I did like, you know, I went way down the rabbit hole and I reached the conclusion that even though rent money is quote unquote dead money, that given the extra capital I've now got deployed in the market on a net basis, I'd actually be better off.

In fact, I would compound my wealth faster.

10% on $10,000 is a thousand bucks.

10% on a million dollars is $100,000.

So the returns might be the same percentage-wise, but the dollar returns could be very different.

And that was my hope.

And that's actually been borne out by my experience.

So on a dollar basis, we've done better than had we just left our money in our house and just had a small amount left over in the market.

So that was the thinking and that's why I did it.

But the Twitter storm was one of regret because although that has been true, what I didn't factor in, and this is the big mistake that I made, was that, and this doesn't fit neatly into a spreadsheet, is the emotional turmoil that comes with that.

What you don't have as a renter in this country is security.

So if anyone is renting out there, I'm sure a lot of listeners are, good luck finding a landlord that'll give you a lease that's more than 12 months, maybe two years if you're lucky.

So we have had, mate, we have had five houses in seven years.

We've never been in a house for more than two years.

We get kicked out all the time.

Let me stress, we're good tenants.

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