mariacostel wrote on Oct 23
rd, 2015 at 8:30am:
Ex Dame Pansi wrote on Oct 23
rd, 2015 at 7:17am:
mariacostel wrote on Oct 23
rd, 2015 at 6:45am:
Some of you people have next to no idea about how the property market works. Perhaps if you had ever actually bought a house you would be more aware.
It's just a house maria.
Nothing special about that.
I've never seen anyone so proud to have a mortgage.
Look at me.....I live in a house that the bank owns.
Actually I live in a house I fully own. And I did so by 30 years of paying of a mortgage and working hard. And funnily enough, it is also what most other people do as well.
A lot of us own our residences outright.
It's nothing new...nor is it unusual.
Some of us have been able to achieve that for our children also.
It surprises me that people think this can't be possible.
Guess what, if you look around you, the Chinese are doing it now...buying up for themselves AND their kids.
Putting properties into different names so as to avoid land tax AND take advantage of 1st home owner's grants...has been going on for decades.
There are a few other ways to structure a property portfolio so that it's tax effective and takes into consideration future family needs. I'm not prepared to comment further about such matters. Why? They are private and confidential and involve my family's financial details.
In any event, people should be prepared to pay for sound professional financial/accounting advice which addresses their particular set of circumstances. You will not get this for free. Fact!
Scabbing freebie online advice here and there on financial investment matters including property is dangerous IMO. People should do themselves a favour by obtaining professional advice which addresses all their current and future needs/objectives. That cannot (and should not) be done on any message board.
Ok everyone....have a great FRIDAY