The danger of FOMO
Local property investors have been the focus of much vitriol this year, subject to blame for both pushing house prices up and the provision of sub-standard rental properties.
However, there is a prevailing lack of clarity around who or what exactly constitutes an investor.
It doesn’t matter how often investor representatives point out that the majority of investors own just two or three properties and usually hold them as a retirement nest egg.
For most people, it seems that investors are speculators who spend their time trading and flipping multiple properties wildly and, as such, are responsible for the country’s super-charged market.
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