Comments on: US Housing Crisis: Why Real Estate is Always a Wasting Asset http://www.dailyreckoning.com.au/real-estate-wasting-asset/2007/10/09/ An independent perspective on the Australian and global investment markets Sun, 08 Nov 2009 03:43:55 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Coffee Addict http://www.dailyreckoning.com.au/real-estate-wasting-asset/2007/10/09/comment-page-1/#comment-3670 Coffee Addict Wed, 10 Oct 2007 02:29:48 +0000 http://www.dailyreckoning.com.au/real-estate-wasting-asset/2007/10/09/#comment-3670 In Australia, it is my observation that many landlords expect premium rent, spend nothing on maintenance for years, then expect a premium price on sale. All built assets need ongoing maintenance, the cost of which should be factored into any investment decision (along with all the other fees and on-costs. Bill is simply saying is that in an overpriced and over taxed market, you will probably lose money on a residential real estate investment. I agree. In Australia, it is my observation that many landlords expect premium rent, spend nothing on maintenance for years, then expect a premium price on sale.

All built assets need ongoing maintenance, the cost of which should be factored into any investment decision (along with all the other fees and on-costs.

Bill is simply saying is that in an overpriced and over taxed market, you will probably lose money on a residential real estate investment. I agree.

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