Originally Posted by Zaps
Hi Al. It seems to me that an awful lot of people are in denial, usually those who have the most debt and want the free ride to continue forever.
You surely don't deny people the right to try to provide themselves with a more generous retirement income. There are too many who, for whatever reason, don't do anything as far as investments and providing for their retirements go. And then they find themselves in the position where they are forced to live their retirements on frugal pensions and superfund incomes.
I applaud people who invest, especially in property. So does the government, - otherwise they would have to provide the housing that is currently provided by investors. There are many on this forum who rent accomodation who should also be thankful that there is accomodation to rent. Where would they live if not for 'investors'?
Unfortunately, investing means borrowing. It's not for everyone, - but it is for some. And far too often, those people get derided as 'free-riders' by others who choose not to do the same