Quote Originally Posted by walrus View Post
Quote Originally Posted by Xwetie View Post
For a great investment i would look into accommodation, Houses, land, Buy and rent it out.
more people getting born then dying so that means the population will grow, and that will make it harder and harder to find a place to live. Depends on where you live i believe but where i'm at the prices been raising with over 100 % in the last 3 years!
I do have a second home which I rent out. I'm not making a lot of money on it right now as it still has a couple years left on the mortgage. The US recently had a real estate bubble. I don't know much about your countries financials but if you are seeing those types of gains you might be heading the same way. Right now is a good time for US real estate as prices are still bottomed out a bit.
Still a good invest tho! I had a apartment i rented out when i was younger, i forgot to declare it and pay tax on my profits! Got a HUGe amount of money i had to pay to the (government) police or whoever took it! sense then i haven't really been bothered getting anything, I will see if i can afford a property in Melbourne in a year or so!