'The longer I hold, the more I lose': FONGO takes hold of home sellers

nickbonyhady Just watch the panic set in.. just gotta sit on it a bit longer.. no rush guys .. and don’t fear the acronyms!

nickbonyhady Thoughts and prayers 🙄

nickbonyhady This has got to be Australia’s dumbest investor. Getting out of the market during a low.

nickbonyhady Who told him it doubles every 7 years. It is every 10 years averaging 7% a year from the lowest point in cycle. And even with price drop is pretty much spot on. Sentiment is key, perhaps all these negatively framed articles are contributing to Fongo. Why freak ppl out?

nickbonyhady As with all investments, there are risks in property. But complaining that you might sell at a loss when people have been talking about a property bubble for at least a decade is pathetic. Meanwhile, people looking to buy property for its actual purpose (to live in) have hope.

nickbonyhady Rest of Australia yawns....Syd/Melb house prices war rages on...meanwhile remainder of country survives another day!

nickbonyhady Yeah you lost me at “this 29-year-old who began investing in Sydney property 10 years ago”.

nickbonyhady But they seem not to grasp that by selling and flooding the market with property, they are contributing to the drop. Investment in property and shares should always be for the long term.

nickbonyhady Firstly, isn’t property meant to be a long term investment? Secondly, he’s getting out of property and in to funding startups And thirdly, where is there any mention of homes becoming more affordable for buyers? This article is scaremongering disguised as journalism.

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