Property 'investment' is USURY of the highest order

In the 70s, americans would have substantial savings for retirement.

Rather than place in banks to earn medicore returns, they invested in property and were rewarded with better income than from banks. Place $100.000 in a bank you would get probably 5% ( $5,000) a year, but rent out the property, and you will get $1000 /MONTH!

As such, many turned to 'investing' in properties for 'retirement' income today, even if 'retirement' means at 30 years old.

Some had claimed that in order for capitalism to work, govs must hand offs private enterprise. That was the worst mistake mankind and govs made, for there is no end to unconscionable human greed. Banks freely loan and even encourage lendings for ' gearing' in the belief that as population increases as sure as the sun will rise each morning, properties will apppreciate over time.

Although this is true, even after financial crisis when mistakes had been corrected, it unfortunately places a high burden on the next generations.

Today, one can buy a piece of land, build a high rise condo or Frank Wright copy design home using cheap mexican labour along with cheap worthless china imported fixtures, and would be able to sell at a premium. Sucker buyers are born by the minute.

Buy at a million, with interest at 6%, that sucker will try to sell to another within a year at $1.5million, instead of waiting to do so after 10 years. Greed is uncontrollable. It pushes the next sucker to do the same. And thus, by the time your grandchildren needs a roof, it is way beyond their salary and worse, far beyond inflation.

THis is happening all over the world now. And the worse of this mistake is being seen in newly opened up democratic nations such as Burma, where investors flock there, not to invest in manufacturing but in properties.

Suffer the little children, as is happening to americans and the chinese people in China.....Govs worldwide had to step in to ensure that investments are used where they are truly needed to uplift societies, and not personal gains....

THE PRICE OF PROPERTY HERE IN THE UK NEVER ROSE THAT MUCH IN 400 YEARS ON A GRAPH THEN ALLOF A SUDDEN 2001 BOOM THE PRICES WENT & HAVE STAYED CRAZY EVER SINCE .AT THE TIME EVERY POUND YOU GOT FOR A MORGAGE YOU PAID BACK 3.5 OVER THE NEXT 25 YEARS . OMLY WINNERS LONG TERM ARE THE BANKERS I WAS WORKING IN PROPERTYS THAT I COULD NOT EVEN AFFORD THE FRONT DOOR OF BY THE TIME THE MORGAGE WAS PAID OF IT WOULD COST £2.4 MILLIOM FOR A £ 650.000 2 BEDROOM FLAT PLUS TAXES OVER THAT TIME .THINK HITLER WAS ON TO SOMETHING WHERE HE SAYS THAT IT SHOULD ALL BELONG TO THE STATE .I PITY ALL THOSE MUGS WORKING THERE BUTS OF FOR BRICKS THAT WILL ONE DAY BE KNOCKED DOWN ANYWAY

Perhaps govs around the world should clamp down on property speculation.

Let those whom are above 60 and above to own 2 properties only for rental basis, but with at least 70% downpayment. Rational being that as they are old, they will have problems working and have high medical expenses. With properties rented out, it will and can be a form of 'recurring' income for them, as well as easy maintenance of such properties.

With such incomes, they willl not need to be dependent too much on sorely needed social expenditure for general society, or be cast aside left to rot.


For those whom are below 65 years old, they can only be content with 1 home. If they need to shift to new places for work or leave the country, they can sell their homes, but based upon a minimum of interests they had paid and not at outrageous figures in the hope to secure higher profits - at the expense of the common man.

As population grows, resources must be used wisely economically-wise.

Housing for families are the biggest ticket item in life. Most of the time, we need a higher salary to maintain the mortgage loans alone. If housing is allowed to be speculated as in the casino stock market, the common man will only demand more higher wages, setting off a higher spiralling always chain of inflation as it will touch upon every resource on earth, for resources need the labour to bring it to the market.

I am sure there are more better ideas than mine, for there are better minds out there. It is time to think more for the common man than to slave for the elite few. Without the masses needs met, chaos and strife will only result.....

reply to post by SeekerofTruth101

I am sure there are more better ideas than mine, for there are better minds out there. It is time to think more for the common man than to slave for the elite few. Without the masses needs met, chaos and strife will only result.....

Yep. The masses' needs are not being met. That's why we have chaos and strife.
When I was a kid ('60s-'70s) I still believed that every generation gains a step. That is turning out to be not true at all.

You do realise that the global property bubbles have been blown precisely due to govt interference right?

I disagree with the OPs numbers.
In the 70s people did not have savings for retirement. They had almost no savings.
I was a owner of rental property (2) in the 80s and the return on my investment barely covered the costs. I was hoping that the tennants would payoff the mortgage overtime and after 20 years I would have an income stream. But anyone who has rented property knows that tennants don't care about your investment. They beat apartments like a red headed stepchild. They skip out ojn damages and rent. It's their lifestyle. They have the attitude that the owner has lots of money and can afford to cover their BS.

Like the other poster stated this time it was the fault of the government. In an effort to keep the economy on the rise despite a flat population curve, they forced fanny/freddie to lower the standards. Finally those deadbeat renters discovered a bank would pay them 10k to buy a house. What deadbeat would turn it down? But as it's ingrained into their genes, that monthly payment became an option.

Also bear in mind that making a fast buck is part of human nature.
Look up the tulip bubble in the 1630's. You could make 60K per month selling a bulb or two.

The next bubble is on its way. What will it be????

No one made anyone invest into anything they didn't want to. The buyer has to beware, be cautious, and do their homework before investing.

So when someone invests into land, property, stocks, gold, whatever... and they lose...whose fault is it? The poor investor that couldn't afford the loss? The seller that decided now was a good time to get out of the market? There is a good reason for the old addage..."Buyer beware."

It is not the role of government to tell someone what they can and cannot buy, sell, or trade... nor determine the prices agreed upon by both parties. All government should do is demand it be an honest trade or aggreement and legal.

Most people that engage into an agreement and purchase know if they can afford it or not... and if they don't... then they lose... very simple. I have made some good choices and I have made some bad choices... and learned from them. Fortunately, I have made more good than bad.

I have invested in property and even in these times, it is holding it's worth. Not as much as 8 years ago, but I could still sell at a significant profit... land with timber growing on it, and I am raising a herd of goats on it too. So we have short term profit from selling goats, long term profit in the timber, and a good investment in the land... which we will sell at retirement... nothing wrong or unethical there.

Further, we have purchased and paid for the property at the coast we will retire to... and if things get tight, we can always sell it and show a definite profit there... it is security.

Do you really plan on relying on Social Security and a devalued dollar for retirement? Investing in mutual funds, short term CDs, and property...land... is a good investment. I do not intend to rely on anyone... now or in the future.