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  • I'm looking at it more from the perspective that they will be buying the property once the worst of the depreciation has happened and the damage to prices is in full effect. It was kind of connected to the 'what happens once the shit has hit the fan'. So the income will still be a percentage of the investment. There's likely a baseline for depreciation of the currency unless we go full Argentina which is still possible.

    It's trying to look at the 'who will be able to afford the property' question.

  • Ah OK, if you’re saying that there is some kind of floor on prices from the higher % yield post capital value depreciation then I would agree with you. But that floor may be quite a way below today’s values.

  • Yes, it would be lower. Probably around the 30% mentioned earlier before that kind of investor would consider it and even then there is a much smaller chance of considerably lower prices.

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